Podcast appearances and mentions of rui ma

In Part 2 of our conversation with Rui Ma on The Negotiation podcast, we explore the evolving consumer tech and innovation landscape in China beyond AI. Rui shares her analysis on the rise of local life services, humanoid robotics, and China's dominance in electric vehicles—highlighting the factors propelling growth and the remaining roadblocks.We also zoom out to explore the broader dynamics between the U.S. and China's tech ecosystems. Rui discusses rising tensions, how media and policy shape U.S. perceptions of Chinese tech, and whether meaningful collaboration is still possible.Finally, Rui reflects on the future of China tech and whether she still believes—as she's said before—that “the next China is China.” Listen for sharp insights, fresh perspectives, and a grounded look at where things might be headed.Discussion Points:The transformation of China's consumer tech and local life services landscapeChina's rise in the EV market and what's fueling itThe state of humanoid robotics in China vs. the U.S.U.S. public and governmental attitudes toward Chinese techHow geopolitical tensions are creating siloed ecosystemsThe role of Western media in shaping perceptions of Chinese innovationStrategies for fostering cooperation and countering biasRui's long-term outlook for China's tech sector

The development of Intelligent Connected Vehicles (ICVs) and Autonomous Vehicles (AVs) represents a pivotal technological and economic frontier. China and the United States are vying for supremacy in this sector which could define global leadership in the next few decades. As these technologies advance, they carry concerns for road safety, personal data protection, and ethics. Differing regulatory environments, cybersecurity issues, and technology decoupling efforts create divergent innovation priorities and processes between the two countries.  On March 6, 2025, Rui Ma and Lei Xing joined Peilei Fan to explore the state of ICV/AV technologies in both the United States and China, as well as areas of competition and potential collaboration.  Learn more about this program and watch the YouTube video here.

In this episode of The Negotiation podcast, host Todd Embley is joined by Rui Ma, a distinguished expert with nearly two decades of experience working in technology and finance in the U.S. and China. Rui provides deep insights into the current landscape of AI, focusing particularly on the competitive dynamics between the U.S. and China. She discusses how geopolitical tensions and export controls have impacted China's AI industry and highlights the resilience and adaptability of Chinese AI firms.Rui shares detailed perspectives on the state of open-source collaboration in China's AI ecosystem compared to the U.S., and explains the significance of emerging players such as DeepSeek. Additionally, she explores the latest AI advancements from major tech giants like Ant Group and Baidu, as well as the rise of innovative startups like Manus. The conversation also touches on practical AI applications within China, guided by Alibaba's strategy of reducing costs and maximizing use cases. Rui concludes with her thoughts on the future of AI in China, offering an insightful outlook on opportunities and challenges ahead.Listeners should stay tuned for Part 2, where Rui will discuss additional key trends shaping the broader tech landscape in China.Discussion Points:·       Comparing strengths and weaknesses in the U.S.-China AI race·       Impact of U.S. export controls on China's AI sector·       Open-source collaboration differences between China and the U.S.·       DeepSeek's rise and its impact on China's AI landscape·       Recent AI advancements from Ant Group and Baidu·       Emerging key players in China's AI industry, including Manus·       AI application trends in China driven by cost reduction and practical utility·       Rui Ma's outlook on China's AI future

Different People In diretta con Rui Ma, baritono di origini cinesi che ci presenta la sua associazione e la sua musica. Stasera Opera Per diffondere questa puntata: https://www.radiotandem.it/different-people-del-17-marzo-2025 Tutti i podcast di Different People: https://www.radiotandem.it/different-people

The Chinese game studio Game Science has a hit on its hands! The game Black Myth: Wukong, an action role-playing game (ARPG) based on the Monkey King from Journey to the West, has sold extraordinarily well in China and is breaking new ground in the U.S. market as well. This week, I speak with Rui Ma, who runs Tech Buzz China and is one of the most highly-regarded China tech commentators in the U.S., and with Robert Wynne, an industry veteran with many years in China currently serving as COO of a new game start-up that's still under wraps. They share their insights into the strengths and weaknesses of Black Myth: Wukong and the future of Chinese games.6:44 – The scale of the phenomenon of Black Myth: Wukong 12:01 – Rui and Rob's thoughts about the game (so far)17:23 – What Chinese players think of the game, and the difficulty in understanding its esoteric characters for Western players 24:23 – The appeal of mobile games versus console games in China 27:30 – The difficulty of attracting investment [or “How Game Science attracted investment”]31:06 – Rob's criticism of the game's go-to-market strategy and its lost opportunities 35:46 – The party-state's response so far, and the politics surrounding the game40:57 – Feng Ji, the founding of Game Science, and his criticisms of the gaming industry 46:01 – AAA Chinese games to look forward to49:29 – The impressive success stats of Black Myth: WukongRecommendations:Rui: Neil deGrasse Tyson's Astrophysics for People in a HurryRob: The Chinese TV series Escape from Trilateral Slopes (Biān shuǐ wǎngshì 边水往事) (2024)Kaiser: Steve Stewart-Williams, The Ape that Understood the Universe: How the Mind and Culture EvolveSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In the debate over slowing down AI, we often hear the same argument against regulation.   “What about China? We can't let China get ahead.” To dig into the nuances of this argument, Tristan and Aza speak with academic researcher Jeffrey Ding and journalist Karen Hao, who take us through what's really happening in Chinese AI development. They address China's advantages and limitations, what risks are overblown, and what, in this multi-national competition, is at stake as we imagine the best possible future for everyone.RECOMMENDED MEDIA Recent Trends in China's Large Language Model Landscape by Jeffrey Ding and Jenny W. XiaoThis study covers a sample of 26 large-scale pre-trained AI models developed in ChinaThe diffusion deficit in scientific and technological power: re-assessing China's rise by Jeffrey DingThis paper argues for placing a greater weight on a state's capacity to diffuse, or widely adopt, innovationsThe U.S. Is Turning Away From Its Biggest Scientific Partner at a Precarious Time by Karen Hao and Sha HuaU.S. moves to cut research ties with China over security concerns threaten American progress in critical areasWhy China Has Not Caught Up Yet: Military-Technological Superiority and the Limits of Imitation, Reverse Engineering, and Cyber Espionage by Andrea Gilli and Mauro GilliMilitary technology has grown so complex that it's hard to imitateRECOMMENDED YUA EPISODES The Three Rules of Humane TechA Fresh Take on Tech in China with Rui Ma and Duncan ClarkDigital Democracy is Within Reach with Audrey TangYour Undivided Attention is produced by the Center for Humane Technology. Follow us on Twitter: @HumaneTech_

"But if you look at Generative AI, that is fundamentally a different way that technology came about and it required a lot of investment without knowing what was going to transpire. So I've talked to a couple of people who are affiliated with various top AI labs in China, and I asked them the same question 'Well, why didn't you guys not create this?' And the universal answer was... honestly OpenAI themselves probably had no idea what was going to happen." - Rui Ma   Fresh out of the studio, Rui Ma, China tech analyst and creator of Tech Buzz China, joined us to discuss how the China tech giants are evolving after the regulatory crackdown in the past three years. We start the conversation by examining why China missed the boat on ChatGPT with the tech giants now chasing after the same technology with their own variations. Next, we start to examine the key questions that everyone from the rest of the world wants to know about China tech from the possibility of a Tik Tok ban in the US to Tencent might follow suit from Alibaba in splitting their current conglomerate structure into different companies.   Podcast Information: The show is hosted and produced by Bernard Leong (@bernardleong, Linkedin) and Carol Yin (@CarolYujiaYin, LinkedIn). Proper credits for the intro and end music: "Energetic Sports Drive" and the episode is mixed & edited in both video and audio format by G.Thomas Craig (@gthomascraig, LinkedIn).

A few months ago on Your Undivided Attention, we released a Spotlight episode on TikTok's national security risks. Since then, we've learned more about the dangers of the China-owned company: We've seen evidence of TikTok spying on US journalists, and proof of hidden state media accounts to influence the US elections. We've seen Congress ban TikTok on most government issued devices, and more than half of US states have done the same, along with dozens of US universities who are banning TikTok access from university wifi networks. More people in Western governments and media are saying that they used to believe that TikTok was an overblown threat. As we've seen more evidence of  national security risks play out, there's even talk of banning TikTok itself in certain countries. But is that the best solution? If we opt for a ban, how do we, as open societies, fight accusations of authoritarianism? On this episode of Your Undivided Attention, we're going to do a deep dive into these questions with Marc Faddoul. He's the co-director of Tracking Exposed, a nonprofit investigating the influence of social media algorithms in our lives. His work has shown how TikTok tweaks its algorithm to maximize partisan engagement in specific national elections, and how it bans international news in countries like Russia that are fighting propaganda battles inside their own borders. In other words, we don't all get the same TikTok because there are different geopolitical interests that might guide which TikTok you see. That is a kind of soft power that TikTok operates on a global scale, and it doesn't get talked about often enough.We hope this episode leaves you with a lot to think about in terms of what the risks of TikTok are, how it's operating geopolitically, and what we can do about it.RECOMMENDED MEDIATracking Exposed Special Report: TikTok Content Restriction in RussiaHow has the Russian invasion of Ukraine affected the content that TikTok users see in Russia? [Part 1 of Tracking Exposed series]Tracking Exposed Special Report: Content Restrictions on TikTok in Russia Following the Ukrainian WarHow are TikTok's policy decisions affecting pro-war and anti-war content in Russia? [Part 2 of Tracking Exposed series]Tracking Exposed Special Report: French Elections 2022The visibility of French candidates on TikTok and YouTube search enginesThe Democratic Surround by Fred TurnerA dazzling cultural history that demonstrates how American intellectuals, artists, and designers from the 1930s-1960s imagined new kinds of collective events that were intended to promote a powerful experience of American democracy in actionRECLOMMENDED YUA EPISODESWhen Media Was for You and Me with Fred TurnerAddressing the TikTok ThreatA Fresh Take on Tech in China with Rui Ma and Duncan ClarkYour Undivided Attention is produced by the Center for Humane Technology. Follow us on Twitter: @HumaneTech_

Imagine it's the Cold War. Imagine that the Soviet Union puts itself in a position to influence the television programming of the entire Western world — more than a billion viewers. While this might sound like science fiction, it's representative of the world we're living in, with TikTok being influenced by the Chinese Communist Party.TikTok, the flagship app of the Chinese company Bytedance, recently surpassed Google and Facebook as the most popular site on the internet in 2021, and is expected to reach more than 1.8 billion users by the end of 2022. The Chinese government doesn't control TikTok, but has influence over it. What are the implications of this influence, given that China is the main geopolitical rival of the United States?This week on Your Undivided Attention, we bring you a bonus episode about TikTok. Co-hosts Tristan Harris and Aza Raskin explore the nature of the TikTok threat, and how we might address it.RECOMMENDED MEDIA Pew Research Center's "Teens, Social Media and Technology 2022"https://www.pewresearch.org/internet/2022/08/10/teens-social-media-and-technology-2022/Pew's recent study on how TikTok has established itself as one of the top online platforms for U.S. teensAxios' "Washington turns up the heat on TikTok"https://www.axios.com/2022/07/07/congress-tiktok-china-privacy-data?utm_source=substack&utm_medium=emailArticle on recent Congressional responses to the threat of TikTokFelix Krause on TikTok's keystroke trackinghttps://twitter.com/KrauseFx/status/1560372509639311366A revelation that TikTok has code to observe keypad input and all tapsRECOMMENDED YUA EPISODESA Fresh Take on Tech in China with Rui Ma and Duncan Clarkhttps://www.humanetech.com/podcast/44-a-fresh-take-on-tech-in-chinaA Conversation with Facebook Whistleblower Frances Haugenhttps://www.humanetech.com/podcast/42-a-conversation-with-facebook-whistleblower-frances-haugenFrom Russia with Likes (Part 1). Guest: Renée DiRestahttps://www.humanetech.com/podcast/5-from-russia-with-likes-part-1From Russia with Likes (Part 2). Guest: Renée DiRestahttps://www.humanetech.com/podcast/6-from-russia-with-likes-part-2 Your Undivided Attention is produced by the Center for Humane Technology. Follow us on Twitter: @HumaneTech_

"China is doing exactly what you said, it is trying to basically have backups for choke point technologies, so that in the case of sanctions, it is not left not being able to do anything. Because that's a very real risk for China right now. Whether or not, it needs to have a complete supply chain. Well, it actually has a lot of the more lower value add components than in the really more advanced pieces. As you pointed out that it does not have a solution and it's actually pretty far behind, I think, anywhere from ten, or some people even think it's 20 years behind because there are so many pieces that go into these more sophisticated machines or processes." - Rui Ma   Fresh out of the studio, Rui Ma, creator & tech analyst from Techbuzz China joined us to discuss one of the most important questions at present: can we invest into tech startups in China? We dived deep into different aspects of the China tech ecosystem from the decrease in VC funding to the stringent regulation placed by the Chinese government to build a reasonable picture and answer the question at hand. Last but not least, we focused on China's recent "Little Giants Program" and examined its implications to the startup ecosystem in the future.   Podcast Information:The show is hosted and produced by Bernard Leong (@bernardleong, Linkedin) and Carol Yin (@CarolYujiaYin, LinkedIn). Sound credits for the intro and end music: "Run it" by DJ Snake, Rick Ross and Rich Brian and the episode is mixed & edited by Geoffrey Thomas Craig (LinkedIn).

In the second episode of this season of Tech Tonic, James Kynge, the FT's Global China Editor, asks how significant Chinese intellectual property theft has been to the country's rise as a global tech superpower.We hear from an FBI agent based in Silicon Valley whose job is to prevent the theft of trade secrets, and ask whether China's ‘talent programmes', under which Beijing funds scientists and engineers around the world, are actually spy recruitment networks or whether they are genuine attempts to lure home professionals and plug China's talent gap. Experts are warning the growing distrust between the US and China could put the future of scientific and technological exchange at risk.Featuring interviews with Nick Shenkin, FBI special agent and director of the Strategic Technology Task Force for the FBI's San Francisco field office; an interview between the FT's Demetri Sevastopulo and Michael Orlando, acting director of the US National Counterintelligence and Security Center; Rui Ma, China tech analyst and creator of the Tech Buzz China podcast; Wang Huiyao, founder and president of Center for China and Globalization in Beijing; Winston Ma, author and adjunct professor at the NYU law school; and Gisela Kusakawa, assistant director at the Anti-Racial Profiling Project at Asian Americans Advancing Justice.Check out stories and up-to-the-minute news from the FT's technology team at ft.com/technologyFor a special, discounted FT subscription, go to https://www.ft.com/techtonicsaleAnd check out FT Edit, the new iPhone app that shares the best of FT journalism, hand-picked by senior editors to inform, explain and surprise. It's free for the first month and 99p a month for the next six months.Presented by James Kynge. Interview with Michael Orlando conducted by Demetri Sevastopulo. Edwin Lane is senior producer. Josh Gabert-Doyon is producer. Manuela Saragosa is executive producer. Sound design is by Breen Turner, with original music from Metaphor Music. The FT's head of audio is Cheryl Brumley.News clips credits: NBC, Global News, Micron, The Oregonian See acast.com/privacy for privacy and opt-out information.

In the second episode of this season of Tech Tonic, James Kynge, the FT's Global China Editor, asks how significant Chinese intellectual property theft has been to the country's rise as a global tech superpower.We hear from an FBI agent based in Silicon Valley whose job is to prevent the theft of trade secrets, and ask whether China's ‘talent programmes', under which Beijing funds scientists and engineers around the world, are actually spy recruitment networks or whether they are genuine attempts to lure home professionals and plug China's talent gap. Experts are warning the growing distrust between the US and China could put the future of scientific and technological exchange at risk.Featuring interviews with Nick Shenkin, FBI special agent and director of the Strategic Technology Task Force for the FBI's San Francisco field office; Michael Orlando, acting director of the US National Counterintelligence and Security Center; Rui Ma, China tech analyst and creator of the Tech Buzz China podcast; Wang Huiyao, founder and president of Center for China and Globalization in Beijing; Winston Ma, author and adjunct professor at the NYU law school; and Gisela Kusakawa, assistant director at the Anti-Racial Profiling Project at Asian Americans Advancing Justice.Check out stories and up-to-the-minute news from the FT's technology team at ft.com/technologyFor a special, discounted FT subscription, go to https://www.ft.com/techtonicsaleAnd check out FT Edit, the new iPhone app that shares the best of FT journalism, hand-picked by senior editors to inform, explain and surprise. It's free for the first month and 99p a month for the next six months.Presented by James Kynge. Edwin Lane is senior producer. Josh Gabert-Doyon is producer. Manuela Saragosa is executive producer. Sound design is by Breen Turner, with original music from Metaphor Music. The FT's head of audio is Cheryl Brumley.News clips credits: NBC, Global News, Micron, The OregonianRead a transcript of this episode on FT.com See acast.com/privacy for privacy and opt-out information.

As we continue to bring awareness of equality, diversity and inclusion (ED&I) issues to the workplace, we caught up with Rui Ma, Writer & Co-Host at Tech Buzz China, on ways in which individuals and organizations  can take to bridge the gender gap in tech. Rui has lived and worked in China and the US as a tech investor; she also shared her tips to anyone who wishes to venture into the tech industry. Background music by fiftysounds

Topics Discussed and Key Points:●      Trends taking place in China that may soon quickly spread to the rest of the world●      Why offline retail continues to prevail in the West●      How views toward entrepreneurship and working in the tech industry have evolved over the past decade in China●      Emerging Chinese tech companies to keep an eye on●      Why lookism has become “rampant in China”●      Why Rui revisited Agora and her thoughts on sinophobia and the education crackdown in China●      The future of cross-border investments Episode Summary:Today on The Negotiation, we continue our conversation with angel investor and fund consultant Rui Ma, whose work involves identifying superior technology investment opportunities in both the US and China.Rui is best known as the creator of Tech Buzz China, a paid community for investors and operators interested in China tech. Rui also co-hosts the biweekly Tech Buzz China podcast.Live streaming in the eCommerce space is poised to explode in popularity in a few countries outside of China, including India and much of Southeast Asia. After all, according to Rui, “There is nothing culturally Chinese about live commerce.”However, eCommerce penetration is still lower in the U.S. compared to China due to greater development of, and continued preference for, offline retail. Further, major eCommerce companies in China have gone all-in with regard to KOLs, whereas American companies, by large, have not.Over the past ten years, entrepreneurship and the tech space have seen drastic changes on a cultural, economic, and political level. Rui shares how the government “made it socially okay” to become an entrepreneur, whereas as late as 2014 the choice for a young person to go into business for oneself was seen as irresponsible by many parents.She then speaks on the phenomenon of lookism that she believes has become “rampant in China”. She says that “People believe that their economic opportunity or worth is tied to their physical appearance.” That is, lookism is the belief that how good-looking a person is has a direct impact on their job prospects.Finally, Rui addresses the “lack of China perspective” among many Americans, particularly in the business world. She says that it is “very irrational to completely abstain from the Chinese market because it is already so influential, and it's going to be even more.” Key Quotes:“You probably want to look at all the big consumer brands and consider that there could be the possibility that the number one player, in ten years, is no longer hailing from the United States.” “Overall, there is a human bias for [good looks] as being a proxy for confidence; but, I think that it is even deeper in China versus in America.” “For a lot of people who are not taking a lot of time to understand China, they, unfortunately, take a shortcut and make all of these assumptions that are not true, which I think is a pity because China, whether you like it or not, is a very large economy and Chinese entrepreneurs are very savvy and are now very-well funded, as well. So, regardless of whether or not you want to have anything to do with China, I'm pretty sure you're going to have to deal with China in one way or another, and it's better to understand your competition or your potential partners than to resort to some really simplistic assumptions that are often not true.”

Topics Discussed and Key Points:●      Rui speaks on her work with the Tech Buzz China podcast and community●      How accurate is the data we are getting today from the fundraising world in China?●      What is it like to do due diligence on Chinese tech companies looking for investors?●      Rui describes the trip she conducted in 2019 to bring foreign investors into China●      Trends in China's tech scene today●      The impact that new data privacy regulations have had on social media in China●      Business trends that are commonly misunderstood by foreign investors●      Western digital ecosystems versus China's Episode Summary:Today on The Negotiation, we speak with Rui Ma, an angel investor and fund consultant whose work involves identifying superior-tech investment opportunities in both the US and China.She is the creator of Tech Buzz China, a paid community for investors and operators interested in China tech. Rui also co-hosts the biweekly Tech Buzz China podcast.Finally, Rui is the Executive Chairman of the nonprofit Rookie Fund, which aims to be the best student-run fund for discovering and investing in student entrepreneurs in Asia.Asked how often companies release prevalent misleading or outright fraudulent numbers to potential investors, Rui says that transparency has become the norm in recent years, especially in the tech world. She adds that doing due diligence on tech companies in China is virtually no different from how one would do so in the U.S.In any case, she contends that due diligence is less about determining the accuracy of data, but about understanding the wider economic and even political or cultural context around the company's performance.What is more important is doing “character diligence” on management, and this can only be done effectively from having extensive experience on the ground as well as being in touch with the right industry contacts.Rui speaks on current trends in China's tech scene. She directs much of her energy towards cross-border eCommerce which has been on the rise since the market is becoming increasingly populated with both foreign-educated entrepreneurs and those who have simply accumulated a lot of experience working in China's tech space.Also, many companies are now putting their focus on creating their own branded products instead of exporting unbranded products wholesale, which China had been known for in previous years.            Finally, Rui describes common misconceptions that foreign investors have about the business world in China, including the “opportunistic” mentality of Chinese entrepreneurs and business leaders and their continued reliance on Western companies when it comes to deciding on best practices for starting, scaling, and managing their organizations. Key Quotes:“Of course, you hear stories of fraud and such; but, really, it's about understanding the details of what you're looking at, because, whatever the company presents to you—you just need to double-check that you fully understand. You could have a contract for x, y, z-million dollars, and it could be true. But when you read the contract and understand the contingencies, you may want to discount that number or look at it differently. The details really matter here. I don't think it's at all different from what you would do here in the U.S.” “The most important thing [when it comes to due diligence] is not necessarily data itself, but whether you truly understand what is driving the force or what is behind the economics. [...] I found that a lot of the information or ‘additional color' that you need—that you can't get from the data—is very important. This is where being on the ground and having experience and having industry contacts and having worked there a long time really helps you because then you can do, let's call it ‘character diligence' on the management.” “These days, if you don't have the skill to build relationships and execute deals completely virtually, then you need to develop that ASAP because lots of people can and there is a lot of willingness to do that. You do not need to meet face-to-face.” “The opportunistic mentality of Chinese entrepreneurs and companies is underappreciated by investors globally.”

The Chinese government is going after its own Big Tech companies, with new rules around cybersecurity and listing shares on foreign exchanges. It's also banned many of them from app stores, including ride-hail giant DiDi, which last week went public in New York. Dan talks with Rui Ma of China Tech Buzz about what's changed in just the past few days, what it means for companies like DiDi and parallels to last year's fight between Trump and TikTok. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Agenda

Episode 81 of Tech Buzz China continues our series of audio experiments, and features co-host Rui Ma in conversation with Wharton professor Karl Ulrich on his latest book, Winning in China. The book was co-authored with Wharton Global Fellow Lele Sang, and presents eight carefully researched case studies of successes and failures, from Amazon to Sequoia Capital.

Episode 78 of Tech Buzz China features our co-host Rui Ma in conversation with Yán Xiāo 肖妍 on the timely topic of China's proposed national digital currency. Yan is a San Francisco–based project lead at the World Economic Forum with substantial experience in fintech, having worked as senior legal counsel at Ant Group. She is also a lawyer by training and holds both American and Chinese legal licenses. Her current work focuses on digital payments and cross-border payments. Yan's opinions on this episode are her own thoughts, and do not reflect those of the Forum in any way.Rui was an early observer of the cryptocurrency space, and has witnessed the rise of bitcoin and other technologies unfold concurrently in the U.S. and China. Listen to their conversation to find out: What does Yan think about the prospects for China's proposed digital currency, which is typically called digital yuan or digital RMB? How are these prospects affected by the existing payments and digital landscape in China? What are the key features of digital RMB? What technologies form its backbone? What are other countries doing, and what is the global landscape for this type of national initiative?Yup, Rui is still researching and writing on ByteDance for her ebook. You'll want to get front-row updates on it and to her other work by subscribing to our newsletter, at techbuzzchina.com. You'll also want to check out the Tech Buzz China YouTube channel, and can view all of our past transcripts on our website, as well as at pandaily.com and supchina.com.If you enjoy our work, please do let us know by leaving us an iTunes review (drop us a note saying you did, and we'll send you an Extra Buzz newsletter subscription), and by tweeting at us at @techbuzzchina. We also read your emails, at rui@techbuzzchina.com and ying@techbuzzchina.com.Thank you to our producers, Caiwei Chen and Kaiser Kuo, as well as to Jason MacRonald at SupChina.

In episode 77 of Tech Buzz China, co-hosts Rui Ma and Ying Lu tackle a topic that has become the next big thing in China ecommerce: C2M, or consumer to manufacturer. Although the acronym itself is not new, the term has been redefined within the past two years, driven by the choices of a handful of key founders and companies. Listen to learn about why Rui and Ying think this new iteration is at once innovative and transformational, why both factories and brands stand to benefit, and what this all means for the future of manufacturing and commerce -- in China and globally. Rui is still researching and writing on ByteDance for her ebook. You'll want to get front-row updates on it and to her other work by subscribing to our newsletter, at techbuzzchina.com. We have finished uploading all of our past episodes onto the new Tech Buzz China YouTube channel and putting them together into playlists by sector — check them out! As always, our past transcripts are viewable on our website, as well as at pandaily.com and supchina.com. If you enjoy our work, please do let us know by leaving us an iTunes review (drop us a note saying you did, and we'll send you an Extra Buzz newsletter subscription), and by tweeting at us at @techbuzzchina. We also read your emails, at rui@techbuzzchina.com and ying@techbuzzchina.com. Thank you to our ever-talented producers, Caiwei Chen and Kaiser Kuo, as well as to Jason MacRonald at SupChina.

In episode 76 of Tech Buzz China, co-hosts Rui Ma and Ying Lu take advantage of the recent Lufax IPO filing (Chinese name: 陆金所 lùjīnsuǒ) to talk about the P2P lending industry in China, which has been an oft-requested topic! We get into China's (lack of) regulation of the nontraditional form of financing, drivers behind the industry's quick boom and bust, and some of the reasons Lufax is one of the few, and biggest, survivors. We have started uploading all of our past episodes onto the new Tech Buzz China YouTube channel and putting them together into playlists by sector — check it out. You'll soon be able to find this and other relevant episodes under the “fintech” category. Yes, Rui is still researching and writing on ByteDance, for publication as an ebook! You'll want to get front-row updates on it by subscribing to our newsletter, at techbuzzchina.com. As always, our past transcripts and other content are also viewable at pandaily.com and supchina.com. If you enjoy our work, please do let us know by leaving us an iTunes review (drop us a note saying you did, and we'll send you an Extra Buzz newsletter subscription), and by tweeting at us at @techbuzzchina. We also read your emails, at rui@techbuzzchina.com and ying@techbuzzchina.com. Thank you to our growing community for your always valuable feedback! Thank you to our ever-talented producers, Caiwei Chen and Kaiser Kuo, as well as to Jason MacRonald at SupChina.

In episode 75 of Tech Buzz China, co-hosts Rui Ma and Ying Lu talk about China ecommerce SaaS (software as a service), which currently primarily refers to WeChat ecommerce as it takes place through mini programs. Listen to learn about major players Youzan and Weimob, the difference between public and private traffic, and what Alibaba's and Tencent's future strategies might be given their actions up to this point. How accurate are the various players' much-sought comparisons to Shopify, and how closely do the companies truly compare with that platform in their journeys to becoming China's dominant ecommerce solution provider? Yes, Rui is still writing her e-book on ByteDance! You'll want to get updates on it by subscribing to our newsletter, at techbuzzchina.com. As always, past transcripts and other content are also viewable at pandaily.com and supchina.com. If you enjoy our work, please do let us know by leaving us an iTunes review (drop us a note saying you did, and we'll send you an Extra Buzz newsletter subscription!), and by tweeting at us at @techbuzzchina. We also read your emails, at rui@techbuzzchina.com and ying@techbuzzchina.com. Thank you to our growing community for your always valuable feedback! And thanks to our ever-talented producers, Caiwei Chen and Kaiser Kuo, as well as to SupChina's Production Associate Jason MacRonald.

In episode 73 of Tech Buzz China, co-hosts Rui Ma and Ying Lu return to the typical deep-dive format you've come to expect, with a timely look into recently listed real estate tech platform Beike 贝壳, or KE Holdings (BEKE). In addition to talking about the two-year-young company, we explore the realities of the Chinese real estate industry, which operates completely differently from (and is arguably messier than) the industry here in the U.S. We cover KE Holdings' founder story, the company's relationship to traditional real estate brokerage business Lianjia 链家, and the role of government policies in developing China's real estate sector. Listen to find out: What are Beike's core value propositions to its users? How does it make money, and in what ways is it similar to Redfin or Zillow? How apt is the statement “Alibaba is to retail as KE Holdings is to real estate”? Why does this opportunity exist in China, is it even more massive than meets the eye, and what factors within the local market dynamics make it possible? Yes, Rui is still writing her e-book on ByteDance! You'll want to get updates on it by subscribing to our newsletter, at techbuzzchina.com. As always, past transcripts and other content are also viewable at pandaily.com and supchina.com. If you enjoy our work, please do let us know by leaving us an iTunes review (drop us a note saying you did, and we'll send you an Extra Buzz newsletter subscription!), and by tweeting at us at @techbuzzchina. We also read your emails, at rui@techbuzzchina.com and ying@techbuzzchina.com. Thank you to our growing community for your always valuable feedback! And thanks to our ever-talented producers, Caiwei Chen and Kaiser Kuo.

In this episode, Jacob speaks with Rui Ma- advisor, creator and co-host of the Tech Buzz China Podcast about the Tik Tok ban, the US aggression towards Huawei and how to foster and innovative, entrepreneurship based ecosystem in China. Timestamps  00:00 Podcast and Guest Introduction 5:00 The TikTok Ban and WeChat Restrictions 9:20 Explaining the US aggression towards Huawei13:30 The key vulnerabilities of Huawei27:55 What does China's technology ecosystem look like? 38:11 How can China foster an innovative environment and keep its talent?45:02 Rui's upcoming e-book on Bytedance50:25 Outro Tech Buzz China Podcast: https://www.techbuzzchina.com/episodes (https://www.techbuzzchina.com/episodes) Subscribe to the Perch Pod so you don't miss any new episodes!  We put out new videos every other Monday. Questions? Reach out at: info@perchperspectives.com Socials- Twitter: https://twitter.com/PerchSpectives (https://twitter.com/PerchSpectives) LinkedIn: https://www.linkedin.com/company/perc (https://www.linkedin.com/company/perc)... Website: https://perchperspectives.com/ (https://perchperspectives.com/)

Episode 71 of Tech Buzz China features Mu Chen in conversation with our co-hosts Ying Lu and Rui Ma, on the topic of digital and consumption trends in China. Mu is the founder and CEO of BigOne Lab (百观Lab), a data intelligence firm for investors. He discusses recent data and trends from key industries such as delivery, recruitment, logistics, travel, online spending, and gaming to illustrate how China's economy is recovering from the downturn caused by COVID-19. This is the fourth in a series of experimental episodes that we will be releasing this summer. Today's is a lightly edited version of a live webinar that Tech Buzz held in July. To hear these — and more! — as they happen live, you can sign up for free at techbuzzchina.com/events. Note that the unedited version of this track can be found on our Tech Buzz China YouTube channel. As always, past transcripts and other content are viewable at pandaily.com and techbuzzchina.com. If you enjoy our work, please do let us know by leaving us an iTunes review, and by tweeting at us at @techbuzzchina. We also read your emails, at rui@techbuzzchina.com and ying@techbuzzchina.com. Thank you to our growing community for your always valuable feedback! We are grateful for our talented producers, Caiwei Chen and Kaiser Kuo, as well as SupChina production associate Jason MacRonald. Amidst the continued global pandemic, and during this particularly chilly time in the U.S.-China relationship, our thoughts go out to listeners who have been personally affected. Stay safe, and be well.

Episode 70 of Tech Buzz China features Lauren Hallanan in conversation with our co-hosts Ying Lu and Rui Ma on the topic of livestreaming ecommerce. In addition to being a former China-based livestreamer herself, with over 400,000 followers, Lauren is a fellow SupChina podcaster at the China Marketing Podcast. Go check it out! Today, Lauren gives a fascinating overview of China's livestreaming ecommerce industry, including its history, key traits and differentiators, common content formats, and product design and features. Throughout, she helps us answer these questions: Why has livestreaming, specifically in ecommerce, become so explosively popular in China? How has it continued to evolve post-COVID? Can — and will — we see the same level of success here in the West? As always, past transcripts and other content are viewable at pandaily.com and techbuzzchina.com. If you enjoy our work, please do let us know by leaving us an iTunes review and by tweeting at us at @techbuzzchina. We also read your emails, at rui@techbuzzchina.com and ying@techbuzzchina.com. Thank you to our growing community for your always valuable feedback!

Episode 69 of Tech Buzz China features our co-host Rui Ma in dialogue with Jeff Ding, a Rhodes Scholar and D.Phil Researcher at Oxford in the Future of Humanity Institute. He is also the creator of a free weekly newsletter called China AI. For his talk, Jeff focuses on artificial intelligence in China, specifically, some of the “unsexy” technical applications of AI across several industries.This is the second in a series of experimental, non-scripted episodes that we will be releasing this summer. Today's episode is a lightly edited version of a live webinar that Tech Buzz hosted on June 5. To hear these (and more) as they happen live, you can sign up for free at techbuzzchina.com/events. As always, past transcripts are viewable at pandaily.com and techbuzzchina.com. If you enjoy our work, please do let us know by leaving us an iTunes review, and by tweeting at us @techbuzzchina. We also read your emails, at rui@techbuzzchina.com and ying@techbuzzchina.com. Thank you to our growing community for your always valuable feedback! We are grateful for our talented producers, Caiwei Chen and Kaiser Kuo, as well as SupChina production associate Jason MacRonald. We hope you enjoy the episode.

About Rui (Rey):My next guest on The One Percent Project is Rui (Rey) Ma. She is the Writer & Co-Host of The Tech Buzz China podcast. A  biweekly China tech podcast on unique insights & takeaways on China tech.She has over fifteen years of experience in investment banking and investing, spanning seed stage to pre-IPO investing, and spent eight of those years working across multiple industries including real estate and media as well as technology in Shanghai and Beijing. She is currently an angel investor and advisor to several startups and funds. Rui is also active in philanthropy and currently runs Rookie Fund, a nonprofit student venture fund network in mainland China, Hong Kong and Taiwan.Our Conversation:The Chinese Tech ecosystem it's strengths and mythsWhat makes Chinese Tech businesses good at scalingHow the second generation of Chinese Tech startups such as ByteDance, Pingduoduo, Meituan and others are giving B.A.T: Baidu, Alibaba and Tencent, a run for their moneyThe contrast between Western and Eastern Chinese consumer. How ByteDance's initial traction came from the less Tech-savvy Chinese consumer Can Non-Chinese Tech businesses enter and scale in ChinaVenture investment appetite of Chinese Vs Silicon Valley investors

Episode 68 of Tech Buzz China features our co-host Rui Ma in dialogue with Shang Koo, the CFO of M17 Entertainment, or M17.asia, which is a livestreaming company popular in Taiwan and Japan. Listen to learn more about entertainment livestreaming and how the industry has developed throughout Asia. Shang goes into the dynamics of gifting, critiques of various business models, and the impacts of COVID-19 on the sector both within China and in markets that M17 serves.This is the first in a series of experimental, non-scripted episodes that we will be releasing this summer. The recording originally took place in late April in the form of an online webinar. To hear these (and more!) as they happen live, you can sign up for free at techbuzzchina.com/events. As always, past transcripts are viewable at pandaily.com and techbuzzchina.com. If you enjoy our work, please do let us know by leaving us an iTunes review, and by tweeting at us @techbuzzchina. We also read your emails, at rui@techbuzzchina.com and ying@techbuzzchina.com. Thank you to our growing community for your always valuable feedback! We are grateful for our talented producers, Caiwei Chen and Kaiser Kuo, as well as SupChina production associate Jason MacRonald. Caiwei in particular spent extra time on post-production for this new episode format. We hope you enjoy it!

In episode 67 of Tech Buzz China, hosts Rui Ma and Ying-Ying Lu discuss the ByteDance family of video apps outside of TikTok, including Xigua, Huoshan, and Pipixia. Most listeners know by now that ByteDance is very good at video, and these other apps provide noteworthy — though not comprehensive — examples of just how good it is. Listen to learn about ByteDance's extensive video portfolio. In particular, will Xigua win versus Bilibili for the title of China's ? Is ByteDance's strategy too scattered and unfocused, or is it thoughtful and comprehensive? A reminder — check out Tech Buzz's ongoing online events series, including webinars and happy hours, all of which are free! Our next event spotlights John Oliverius of the China Esports Business News Digest. John will be talking about the most interesting events taking place in gaming and esports in China, and what we can learn from the companies that are leading in this space. You can sign up at techbuzzchina.com/events. All past transcripts are viewable at pandaily.com and techbuzzchina.com. If you enjoy our work, please do let us know by leaving us an iTunes review, and by tweeting at us @techbuzzchina. We also read your emails, at rui@techbuzzchina.com and ying@techbuzzchina.com. As always, thank you for your support. We are grateful for our talented producers, Caiwei Chen and Kaiser Kuo, as well as SupChina production associate Jason MacRonald. Stay healthy, everyone!

Episode 65 of Tech Buzz China is a special one — a reading of the seventh issue of Extra Buzz, our new biweekly newsletter written by co-host Rui Ma. Listen (and read along) to follow Rui's thoughts on the biggest story in China tech last week: the alleged fraud of China's on-demand coffee company, Luckin Coffee 瑞幸咖啡. At its core, we at Tech Buzz believe Luckin is a story of information asymmetry, with voices on either side of the Pacific at times seeming to be telling different stories altogether. Rui explains why investors and other observers who did the proper digging would never have been bullish, or mistaken Luckin for Starbucks. Tech Buzz is holding a Virtual Happy Hour with a special guest, Dan Grover, this Thursday, April 16, 3:00–4:00 p.m. PST / 6:00–7:00 p.m. EST. We have a few spots left, over at techbuzzchina.com/community. Our discussion will center on how Chinese internet companies came together to create initiatives that helped combat COVID-19, and how perhaps you as a technologist or entrepreneur can do more, too. Listeners can find our transcripts and more at pandaily.com. If you enjoy our work, please do let us know by leaving us an iTunes review, and by tweeting at us @techbuzzchina. We also read your emails, at rui@techbuzzchina.com and ying@techbuzzchina.com. As always, thank you for your support. We are grateful for our talented producers, Caiwei Chen and Kaiser Kuo, as well as SupChina production associate Jason MacRonald. Stay healthy, everyone!Like the podcasts at SupChina? Help us out by taking this brief survey.

Episode 64 of Tech Buzz China is the second of two episodes on the Chinese telemedicine sector, which is closely watched in the wake of COVID-19. This week, on the heels of episode 63's discussion of Ping An Good Doctor, co-hosts Rui Ma and Ying-Ying Lu talk about other experiments, such as Chunyu Yisheng 春雨医生, WeDoctor 好大夫, and Dingxiangyuan 丁香园. We also give overviews of telemedicine efforts by some of the large internet companies, including Alibaba, Baidu, and JD Health.The overarching story is that healthcare tech is a clear market opportunity in China, and within the narrow space of telemedicine, there are a lot of companies trying to solve the same set of problems. Listen to find out: How did these players all converge on telemedicine, and what are the factors — some currently missing — that must be in place to drive a serious uptick in adoption?You can find these stories and more at pandaily.com. If you enjoy our content, please do let us know by leaving us an iTunes review, and tweeting at us at @techbuzzchina. We also read your emails, at rui@techbuzzchina.com and ying@techbuzzchina.com. You can also subscribe to our Extra Buzz newsletter on our new website, techbuzzchina.com. As always, thank you for your support.We are grateful for our talented producers, Caiwei Chen and Kaiser Kuo. Stay healthy, everyone!

In episode 66 of Tech Buzz China, co-hosts Rui Ma and Ying-Ying Lu talk about Bytedance's forays into gaming and education — moves that have been well covered and are eagerly anticipated by Chinese media. Notably, in multiple interviews, CEO Zhang Yiming says that he only wants to go into fields where he feels he is better than the incumbent. While Zhang believes, and we agree, that edtech has a lot of room for improvement, we wonder if Bytedance's moves in gaming could be more effective if it defended itself against Tencent. What do you think?Thanks to some of your feedback on Rui's special Luckin episode, we have changed the format of this one. Listeners should expect more experiments coming up soon!A reminder to check out Tech Buzz's new events series for investors (open to all), as well as our interactive Virtual Happy Hours with listeners like you! Both are free. Our next Happy Hour is titled “From FAANG to BAT,” and we've invited a product manager who went from working at a large tech company in Silicon Valley to the same role at a large tech company in China. Jason will be sharing his perspectives and personal experiences on Thursday, May 7, from 6 p.m. to 7 p.m. PST / 3 p.m. to 4 p.m. EST. You can sign up at techbuzzchina.com/community!All past transcripts are viewable at pandaily.com and techbuzzchina.com. If you enjoy our work, please do let us know by leaving us an iTunes review, and by tweeting at us @techbuzzchina. We also read your emails, at rui@techbuzzchina.com and ying@techbuzzchina.com. As always, thank you for your support.We are grateful for our talented producers, Caiwei Chen and Kaiser Kuo, as well as SupChina production associate Jason MacRonald. Stay healthy, everyone! Like the podcasts at SupChina? Help us out by taking this brief survey.

Episode 63 of Tech Buzz China is on the Chinese telemedicine sector, which has quickly evolved to become one of the most interesting businesses in China, especially in the wake of COVID-19. Co-hosts Rui Ma and Ying-Ying Lu focus on the underlying drivers within the complex healthcare industry. They cover topics such as the size of the Chinese healthcare system, the shortage of doctors and reasons why, and challenges for telemedicine.Companies mentioned include Ping An Good Doctor, as well as the internet hospitals that the government has approved and that have been in operation for a few years now. Listeners will also hear from Irene Hong, an experienced dealmaker who has worked in China for 20 years and is the founding partner of investment bank CEC Capital Group, where she leads the healthcare group. You can find these stories and more at pandaily.com. If you enjoy our content, please do let us know by leaving us an iTunes review and tweeting at us @techbuzzchina. We also read your emails, at rui@techbuzzchina.com and ying@techbuzzchina.com. In addition, you can subscribe to our Extra Buzz newsletter on our new website, techbuzzchina.com. As requested, we have made the first few newsletters public. Check them out! We are grateful for our talented producers, Caiwei Chen and Kaiser Kuo. This week, Pandaily intern Song Yuning also helped with the editing process, and Jiang Hongzeng helped with our transcript. Thank you all!

Episode 62 of Tech Buzz China is on co-living and co-working, two of the formerly hottest — and now possibly coldest — sectors in China tech. Co-hosts Rui Ma and Ying-Ying Lu discuss how real estate startups have been hit hard by the coronavirus against a backdrop of how the real estate sector is big business in China. From rental startup companies Danke and Ziroom to co-working giant Ucommune, which failed to list last year, listeners will join a whirlwind tour of the biggest players and must-know trends in the space (pun intended). Listen to find out: How accurate are the comparisons between WeWork and Ucommune, and their respective founders Adam Neumann and Mao Daqing? How has China's development in the co-working sector derived from, among other things, the role of the government and its push for innovation? Why do our co-hosts encourage Western entrepreneurs looking to solve problems in co-living to look toward China, where 2,000 companies have already given it a shot? You can find these stories and more at pandaily.com. If you enjoy our content, please do let us know by leaving us an iTunes review, liking our Facebook page, and tweeting at us! You can also email rui@techbuzzchina.com and ying@techbuzzchina.com for feedback. We truly enjoy hearing from you and are constantly working on improving our content. Also, we just launched our new website, techbuzzchina.com, where you can subscribe to our Extra Buzz newsletter. As requested, we made the first few installments public so that you can get a sense of how they are different from and also complement this podcast. Check them out! We are grateful for our talented producers, Caiwei Chen and Kaiser Kuo. We couldn't do it without you — and the full teams at both Pandaily and SupChina!

Episode 61 of Tech Buzz China is on K-12 edtech entrepreneurs, who are seeing their businesses grow instead of shrink in the wake of the coronavirus. Co-hosts Rui Ma and Ying-Ying Lu discuss top trends and the key players before the virus hit, and how they are responding now. In 2018, the raging headline was that half of the venture capital deployed in edtech that year went to Chinese companies. In the past three years alone, 25 Chinese education companies have gone public. It's a massive market, but what are the common misconceptions held by Western investors? Listen to hear context on China's education system and the resulting influence on edtech business models, as well as the stories behind selected companies GSX and Yuanfudao. You can find these stories and more at pandaily.com. If you enjoy our content, please do let us know by leaving us an iTunes review, liking our Facebook page, and tweeting at us! You can also email rui@techbuzzchina.com and ying@techbuzzchina.com for feedback. We truly enjoy hearing from you and are constantly working on improving our content. Also, we just launched our new website, techbuzzchina.com, where you can subscribe to our Extra Buzz newsletter. Last week, Rui wrote an excellent piece on the latest impacts of the coronavirus on work, entertainment, and the top internet trends of the day. We are grateful for our talented producers, Caiwei Chen and Kaiser Kuo. A special thank-you to Kaiser for stepping in with additional production expertise to help us make this week's release deadline. We couldn't do it without you — and the full teams at both Pandaily and SupChina!

Episode 59 of Tech Buzz China takes a retrospective look at 2019 in China internet culture and business happenings. Co-hosts Rui Ma and Ying-Ying Lu review their top picks of the need-to-know trends, occurrences, and players that shaped the landscape in 2019. From the saturation of Chinese mobile internet users to the rise of the rural consumer and a decline in funding for tech companies, listen and decide for yourself: do you agree with our analyses and predictions as we enter the New Year of the Golden Rat? You can find these stories and more at pandaily.com. If you enjoy our content, please do let us know by leaving us an iTunes review, liking our Facebook page, and tweeting at us! We truly appreciate your feedback and support. Thank you also to our listeners over at our partner, dealstreetasia.com. We are grateful for our talented producers, Caiwei Chen and Kaiser Kuo.

In Episode 58 of Tech Buzz China, our first episode of the new decade, co-hosts Rui Ma and Ying-Ying Lu talk about grocery e-commerce, or buying fresh food over the internet. The sector, which in China is sometimes taken to include “New Retail” concepts such as Alibaba's Hema, is seen as one of the few remaining “blue ocean” e-commerce opportunities in China. Thus, it is super fast growing and attracting a lot of investment and interest. Listen to find out: Given the amount of action in the industry, why is the penetration rate still at less than 5 percent? What main challenges within the industry have made it difficult for the various players to scale up? Within the current landscape, what are the differences between purely online services, versus hybrid online-offline, and what have been the growth patterns for both? Finally and perhaps most importantly, what daily habits and cultural factors surrounding grocery shopping in China form the foundation for these realities today… and into the future? You can find these stories and more at pandaily.com. If you enjoy our content, please do let us know by leaving us an iTunes review, liking our Facebook page, and tweeting at us! We do truly appreciate your feedback and support. Thank you also to our listeners over at our partner,dealstreetasia.com. We are grateful for our producers, Caiwei Chen and Kaiser Kuo. A big thank you to the talented Shaw Wan for her support to-date. We wish you the very best in your next role!

Here at TechBuzz, we have been busy preparing for our second Investor Trip for March 2–6, 2020. If you are a full-time investor with at least 10 years of experience, consider applying for the trip by writing to us at rui@pandaily.com. During our inaugural Investor Trip in October, Bilibili was one of the companies we visited, and it turned out to be one of our most highly rated meetings! We hope you enjoy what we've prepared today.In episode 57 of TechBuzz China, co-hosts Rui Ma and Ying-Ying Lu talk about Bilibili, a Chinese company that has no easy Western comparable — even as it sells a narrative of being “the You Tube of China.” Bilibili was in the headlines last week for paying $113 million for the Chinese broadcast rights for the next three League of Legends championships. Today, its core businesses include mobile games, livestreaming, advertising, and ecommerce.Listen to find out: How was Bilibili founded? In what ways is its founder, hardcore anime fan Xu Yi, distinctive? How does the site — which has one-in-three Gen Z-ers under the age of 30 in China active monthly on its platform, spending an average of 83 minutes a day on it — work? What characteristics have enabled it to be one of the few entities to receive investment from both Tencent and Alibaba? Do our co-hosts think the company will be able to scale to the next level, by reaching its own target of doubling revenue, while retaining the sense of authenticity and close connection with its fans that it has been able to build over the years?You can find these stories and more at pandaily.com. If you enjoy our content, please do let us know by leaving us an iTunes review, liking our Facebook page, and tweeting at us! We do truly appreciate your feedback and support. Thank you also to our listeners over at our partner, dealstreetasia.com.Of course, we are always grateful for our talented producers, Shaw Wan and Kaiser Kuo.

TechBuzz China is going to China! As part of our inaugural invite-only TechBuzz China Investor Trip for public market investors taking place right after Golden Week, we will be hosting live meetups. These will take place in Beijing's Sanlitun after dinner on Tuesday, October 8, and in Shanghai after dinner on Thursday, October 10. If you are in either of those cities, do come out and have a beer on us! Check our Twitter (@techbuzzchina) for updates on the exact locations and times.Episode 52 of TechBuzz China is on a topic from back in August, when Kuaishou, Baidu, Tencent, and Capital Today invested a collective $434 million into the Q&A site Zhihu 知乎. The site, which literally means “Do you know?” in Chinese, is comparable to Quora in its core services. Its 220 million monthly active users (MAU) is also comparable with Quora's 300 million MAU. In typical TechBuzz fashion, our co-hosts, Rui Ma and Ying-Ying Lu, dive into Zhihu's founding story, the company's business strategy over time, and further comparisons with global sites such as Quora and Reddit. They conclude by explaining why the recent partnership between Kuaishou and Zhihu makes sense.Listen to find out: What does Chinese media believe is significant about the hometown province of Zhihu CEO Zhou Yuan 周源? Over the course of several years, how did Zhihu beat out competitors that included other startups as well as products created by the likes of Baidu? In fact, how might these past stories help to explain Baidu's participation in Zhihu's latest round? What is Fenda 分答, how does it relate to Zhihu's trajectory, and what might explain why it was one of the first instances in which a Silicon Valley entrepreneur openly admitted that he found inspiration in the innovative design of a Chinese company? In what ways is Zhihu's latest financing so notable, and what does it tell us about the current state of the internet landscape in China? How does Bytedance fit into this fray, and what has been the extent of its investment in the space? Finally, what do our co-hosts think about the future of the user-generated text and voice content space in China? You can find these stories and more at pandaily.com. If you enjoy our content, please do let us know by leaving us an iTunes review, liking our Facebook page, and tweeting at us! We do truly appreciate your feedback and support. Thank you also to our listeners over at our partner, dealstreetasia.com.We are grateful for our ever-talented producers, Shaw Wan and Kaiser Kuo, and for our intern, Wang Menglu.

Episode 51 of TechBuzz China is our second consecutive show that is in a unique format. It features a replay of TechBuzz co-host Rui Ma's recorded call on SupChina Access, which was originally aired live on July 23. The conversation is moderated by Jeremy Goldkorn, editor-in-chief of SupChina. As longtime listeners know, we are proudly one of the most long-standing podcasts within SupChina's Sinica Podcast Network. In this episode, Jeremy prompts Rui to speak on some of the hottest topics, trends, and companies covered in past TechBuzz episodes: Luckin Coffee, e-cigarettes, Baidu, Bytedance, EV carmakers, real estate platforms, and 996 work culture. Overall, it serves as a great intro to the past TechBuzz episodes, if you haven't already listened to them! In addition, listen in to hear Rui share her expertise on: What is the current macro environment for venture capital and startups in China — is the “tech winter” really coming? What is the status of the STAR market that just launched, and how will it affect the growth of the innovation economy? Does Rui believe that U.S. startups can realistically enter China? What is the most interesting Chinese tech company that Rui knows of, and that listeners on the call may not yet have heard of? What are her thoughts on the business models or revenue models that are unique to China? Is reporting in China “real” — in other words, could a story like Theranos also happen there? SupChina is an independent digital media company dedicated to informing, entertaining, and educating a global audience about business, technology, politics, and culture in China, and SupChina Access is its paid membership that provides even more content, including conference calls such as what you hear on this session with Rui. So, if you enjoy this episode, you should head to SupChina for details on membership. As always, thank you to the entire SupChina team for your constant support. You can find these stories and more at pandaily.com. If you enjoy our content, please do let us know by leaving us an iTunes review, liking our Facebook page, and tweeting at us at@techbuzzchina! We do truly appreciate your feedback. Thank you also to our listeners over at our partner, dealstreetasia.com. We are grateful for our supportive and talented producers, Shaw Wan and Kaiser Kuo, and for our intern, Wang Menglu. Listeners who are interested in visiting China but don't know where to begin should check out Pandaily's one-week immersion into China's tech scene, taking place October 13–19, 2019: decode.pandaily.com. This trip is not to be confused with TechBuzz China's inaugural invite-only China Investor Trip for public market investors, which will be held October 7–13. Watch out for TechBuzz meetups held in both Beijing and Shanghai!

Episode 50 of TechBuzz China is unique: it's our first live recording! It features co-host Rui Ma in conversation with author and journalist Matt Sheehan, currently a fellow based at the Paulson Institute's MacroPolo think tank. It was recorded at the August 13 launch of Matt's new book, The Transpacific Experiment: How China and California Collaborate and Compete for Our Future. As our co-hosts have commented on previous episodes, we respect Matt as one of the smartest and most thoughtful voices on U.S.-China topics. Though his book covers content and industries that we at TechBuzz usually do not, these topics are crucial to understanding the greater context that defines U.S-China tech today — especially given today's geopolitical situation.Listen to find out: What does Matt think are some of the long-term repercussions of the Chinese education system, and how they may ultimately impact the decisions and preferences of Chinese tech talent? What does Matt mean when he writes that the Bay Area is to those born and raised in China what Shanghai is like for Americans — and what is the deeper insight here? How do Chinese tech companies often choose to compete in places like India, Brazil, and Indonesia, as compared with American ones, and why? What about Hollywood-U.S. ties: will Hollywood continue to win over hearts and wallets in China, despite the trade war and other macro factors? What about flows of capital between the U.S. and China — how have they been affected? Importantly, what does Matt predict for the future of the Transpacific Experiment, and why should TechBuzz listeners care about its outcomes?You can purchase (and review!) Matt's book on Amazon. As always, you can find these stories and more at pandaily.com. If you enjoy our content, please do let us know by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina! Thank you also to our listeners over at our partner, dealstreetasia.com.We are grateful for our supportive and talented producers, Shaw Wan and Kaiser Kuo, and for our intern, Wang Menglu. Thank you!Listeners who are interested in visiting China but never knew where to begin should check out Pandaily's one-week immersion into China's tech scene, taking place October 13-19, 2019: decode.pandaily.com. This trip is not to be confused with TechBuzz China's inaugural invite-only China Investor Trip for public market investors, which will be held from October 7-13. Watch out for TechBuzz meetups held in your city!

In episode 49 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma continue their exploration of the converging trends between the U.S. and China's ecommerce sectors, this week covering the topic of the resale market for sneakers and streetwear. Notably, entrepreneurs in the U.S. and in China, such as the founders of smash-hit sneaker site Pozion, seem to have discovered this space at roughly the same time. Perhaps, our co-hosts muse, due to the tech-savvy nature of the Gen-Z demographic, differences across the two countries are far less than we think. Globally, this and other ecommerce platforms thus far have catered only to women; Poizon and other brands are showing the way to a category in which men are the primary consumers.Rui and Ying-Ying begin by explaining the impetus for this episode: the fact that two unicorns of roughly the same valuation, the same business (selling sneakers and other streetwear to urban youth), and the same lead investor (DST) were born in this space this year. One was the aforementioned Poizon, which is based in Shanghai and was spun off from Hupu, China's leading sports news and community website. The other sneaker unicorn, called StockX, was birthed in Detroit in June.Listen to find out: What are some of the factors behind this “coincidence”? What is behind the growth of China's athletic footwear market? How do most streetwear brands market and distribute their products today, and how does this lead to some items selling at a (at times massive) premium? How are these market trends tied to the rise of the NBA and the CBA in China? How do Poizon's founders enter and drive the story, and in what ways is the company linked to entities such as Bytedance and China's Most Eligible Bachelor? What is interesting about the stories of other global sneaker-sellers such as Stadium Goods, which expanded almost immediately into China and only later into Europe? What are the challenges that these sites face, including but not limited to a fake rate of at least 1 percent?As always, you can find these stories and more at pandaily.com. If you enjoy our content, please do let us know by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina! Thank you also to our listeners over at our partner, dealstreetasia.com.We are grateful for our supportive and talented producers, Shaw Wan and Kaiser Kuo, and for our intern, Wang Menglu. Thank you!Listeners who are interested in visiting China should check out Pandaily's one-week immersion into China's tech scene, taking place on October 13-19, 2019. Applications will be available soon on pandaily.com. This trip is not to be confused with TechBuzz China's inaugural invite-only China Investor Trip for public market investors, taking place the following week on October 7–13.Additionally, Bay Area listeners may come out to join TechBuzz co-host Rui Ma, in dialogue with Matt Sheehan at the launch of his new book, The Transpacific Experiment: How China and California Collaborate and Compete for Our Future. The event will take place on the evening of Tuesday, August 13, at the Asia Society, and you should definitely pre-order Matt's book on Amazon.

In episode 48 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma take a look at the direct-to-consumer, or D2C, brands in China. Specifically, they highlight one of the early winners of the business model: Three Squirrels, a Chinese internet snack brand that started off with selling nuts and went public on the Shenzhen Stock Exchange last week with a market cap of close to $2 billion. Though the company has not been covered much in English, it has been all the buzz in China's tech community, and is a story that our co-hosts think is good for demonstrating both the similarities and the differences in the rise of D2C in the U.S. and China. Rui and Ying-Ying begin by explaining what they mean by the “snack market” in China. Though estimates differ on the market size, as well as the definitions of the market itself, our co-hosts agree that the market is enormous as well as highly fragmented. Enter CEO Liaoyuan Zhang (章燎原), whose background prior to founding Three Squirrels — in contrast to many of the founders we have featured so far on TechBuzz — was decidedly unprivileged and unremarkable. He was a street vendor, motorcycle taxi operator, and more, before being hired into a firm that sold nuts and eventually being promoted all the way up to managing director for sales. Listen to find out: What insights did Zhang glean from his experiences in sales, and in the nut industry? Why do we say that Zhang had the right idea (investing into the Chinese version of D2C brands) and the right timing (early 2012) for starting Three Squirrels? How has Zhang's genius for marketing fueled the growth of the brand? What about the company's obsession with intellectual property? What reasons other than branding did Kathy (徐新), the founder of Capital Today who led the company's Series B, give for investing? Overall, what were and are the company's weaknesses? Finally, how does the story of Three Squirrels converge with what we are seeing in the U.S. with direct-to-consumer brands such as Warby Parker, Dollar Shave Club, Glossier, Kylie Cosmetics, and more? As always, you can find these stories and more at pandaily.com. If you enjoy our content, please do let us know by leaving us an iTunes review, liking our Facebook page, and tweeting at us at@techbuzzchina! Thank you also to our listeners over at our partner, dealstreetasia.com.We are grateful for our patient and talented producers, Shaw Wan and Kaiser Kuo, and for our wonderful interns, Wang Menglu and Mindy Xu. Thank you!

In episode 47 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma dive into a topic they have been wanting to cover for a while now: Chinese educational technology (edtech). Specifically, they focus on VIPKid, a company that has an incredible number of competitors but is by far the largest in terms of scale for its cross-border model of English-language instruction. Notably, 8 of the 12 startup unicorns categorized as edtech by CBInsights are from China — and this does not include the number of publicly listed Chinese education companies in the U.S. Our co-hosts explain that edtech (alongside the recent TechBuzz topics of online brokerages, e-cigarettes, plastic surgery, and e-sports livestreaming) is yet another example of an industry that is thriving in China but is either not widely reported on or would not work well in other markets.Rui and Ying-Ying begin by exploring the landscape for English learning in China, in the context of edtech. They remind our listeners that while over 300,000 students from China study in the U.S. every year, this demographic is a drop in the bucket as compared with the 1.4 billion Chinese citizens who are alive today. The reality is that the country as a whole ranks low in terms of education attainment: The average Chinese person has only had 7.5 years of formal schooling. Of today's Chinese millennials, almost 20 percent have college degrees, already a sharp increase from the less than 5 percent of Chinese people who are college educated and now in their fifties and sixties. These and other trends, combined with a highly regulated education sector in China, mean that the “TTE” — test prep, tutoring, and extracurricular activities — market for K12 in China is an enormous $18 billion opportunity.Listen to find out: Just how much are Chinese parents spending on extracurricular tutoring for their kids — and how does that compare with the spending of parents here in the U.S.? How much of that funding is going toward English-language tutoring, and what are the reasons behind the Chinese obsession with learning English? How does this all provide context for the legend of 36-year-old VIPKid founder Cindy Mi, a high school dropout who then made her way to an elite M.B.A. program? How did the company first gain traction, and what are its curriculum and business models like today? How did VIPKid come to raise over $800 million from the likes of Sequoia, Tencent, Sinovation, and Coatue, and how did it come to generate at least half a billion dollars of annual revenue with over 600,000 paying customers? What are some of Rui and Ying-Ying's predictions about the macro factors that may impact VIPKid's business in the coming years?As always, you can find these stories and more at pandaily.com. If you enjoy our content, please do let us know by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina! Thank you also to our listeners over at our partner, dealstreetasia.com.We are grateful for our awesome producers, Shaw Wan and Kaiser Kuo, and our interns, Wang Menglu and Mindy Xu. Thank you!Our co-hosts plan to take the week of July 4th off and to return in mid-July. Happy Independence Day to our U.S. listeners!

In episode 45 of TechBuzzChina, co-hosts Ying-YingLu and Rui Ma talk about the rise of what has been touted as “the next bigtrend” in China tech: electronic cigarettes. Despite being criticized as a trapfor entrepreneurs and investors alike, as well as concerns around ethicalconsiderations, a large number of high-profile hardware entrepreneurs andconsumer internet executives in China have jumped into the fray. Although Chinahas yet to birth a decacorn in this sector like U.S.-based Juul, which is nowvalued at $38 billion, our co-hosts bet that at least one unicorn will emerge. Afterall, a recent research report by China's Sinolink Securities projected the sizeof the domestic e-cig market to reach over $4 billion in the next four years—inmany ways, we are only at Day Zero as measured against the market potential. Rui and Ying-Yingbegin by explaining that since smartphone purchases in China have slowed, a lotof the wealth and entrepreneurial talent that was focused on that product have shiftedto four newer consumer electronics categories: smart speakers, wirelessheadphones, translating devices, and e-cigarettes. Our co-hosts comment that theseproduct areas are similar to some of those that are getting major attention inSilicon Valley right now. In terms of e-cigarettes, most of the companies coveredin this episode are very much like Juul in that they use a liquid cartridge todeliver nicotine. In contrast to electric smoking systems, which are adifferent category, e-cigs heat up—but do not burn—tobacco. While many Chinesearticles reference both under the same label (电子烟), in this TechBuzzepisode, Rui and Ying-Ying are only talking about the liquid cartridge device.Listen to find out: Whatare some of the factors that have contributed to the high, and growing, numberof smokers in China? How is it that the country has one-third of the world'ssmokers, but only accounts for 3 percent of the global e-cig market, despitealso owning 90 percent of the world's e-cig production? What inspired Han Li, aChinese man and the first person to successfully commercialize the e-cigarette,to do so? What role does regulation—or the lack thereof, unlike the 68countries which have codified guidelines—play? Who are some of the celebrityentrepreneurs and well-regarded VC funds in China that have made a foray intothe space? What role do WeChat mini programs, and other new marketing channels,have on the growth of this market? What about the impact of China's state-ownedmedia, CCTV, on both the telling of the story and on its outcomes? Importantly,how about ethical factors—how are these considerations affecting the moves, ornon-moves, made by large Internet players and top venture investors? At the endof the day, is the Chinese e-cigarette industry totally lit, or just a bunch ofhot air?As always, you canfind these stories and more at pandaily.com. Do let us know what you think of the show by leaving us aniTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina! Thank you also to our listeners over at our partner, dealstreetasia.com.We are grateful for ourawesome producers, Shaw Wan and Kaiser Kuo, and our interns, Wang Menglu andMindy Xu.Our sponsor for this episode is the Universityof San Francisco. USF's new MS in Applied Economics is a STEM-designatedprogram that combines economics training with the practical skills in dataanalytics needed to understand today's new digital economy. To learn more,visit usfca.edu/techbuzz.

In episode 44 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about So-Young, an internet company that markets and facilitates plastic surgery and other medical cosmetic procedures to Chinese customers. The six-year-old company has a stated mission of bringing “health and beauty” to everyone, and its stock priced at $13.80 per American depositary share (ADS) last week but is now trading at about $20. Prior to listing, So-Young had raised over $250 million in venture capital funding, including some from Tencent. Last year, it claimed to have made $8 million in net income, plus a market share of 82 percent based on user time spent on similar apps. Rui and Ying-Ying begin by giving an overview of the scale of the plastic surgery market in China. In China, the industry is broadly known as “医疗美容” (yīliáo měiróng) or “医美” (yī měi), roughly translated as “medical cosmetology,” which includes procedures such as hair removal, hair transplants, and various kinds of laser- and ultrasound-enabled operations — thus enabling So-Young to argue that it is going after a larger market size. Indeed, by this broad definition, China is the second-largest market in the world, and it is poised to become the largest by 2021. Listen to find out: Who is the founder of So-Young, a former developer and lifelong tech geek who has himself undergone many reconstructive and plastic surgeries? What does he think is the real problem with the plastic surgery industry? As a platform, what are some notable aspects of So-Young's revenue and business model? What types of controversies has the company been involved with, and what are some of its risks and legal issues? Regarding the industry, what are some of the societal and deep-seated belief factors — including some that may be surprising to our listeners outside of China — that help fuel its growth, and how do these affect the demographic breakdown of those who opt for procedures? Ultimately, do our co-hosts believe that platforms such as So-Young are a part of the “problem” or the “solution”? As always, you can find these stories and more at pandaily.com. Do let us know what you think of the show by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina! Thank you also to our listeners over at our partner, dealstreetasia.com. We are grateful for our rock-star producers, Shaw Wan and Kaiser Kuo, and our interns, Wang Menglu and Mindy Xu. Co-host Rui Ma will be in New York City on Monday, May 20, for SupChina's third annual SupChina Women's Conference. Come join her! And, listen to top leaders discuss how women are impacting China's tech, business, financial, and consumer trends. Jeremy Goldkorn and our producer Kaiser Kuo will also be hosting an on-site live recording of their excellent Sinica Podcast. Our sponsor for this episode is the University of San Francisco. USF's new master's degree in applied economics is a STEM-designated program that combines economics training with the practical skills in data analytics needed to understand today's new digital economy. To learn more, visit usfca.edu/techbuzz.

In Episode 43 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma dive into the world of gaming livestreaming, which is a pretty big industry in China. Specifically, our co-hosts focus primarily on two companies: Douyu and Panda.TV, the former of which has just filed to go public on the NYSE at a valuation of $500 million; and the latter of which officially shut down on March 30 of this year. Notably, these and several other players mentioned in today's episode all share(d) Tencent as a shareholder-- not a surprise, since gaming is in Tencent's lifeblood. Our co-hosts, while not both gamers, both acknowledge that the topic of today's episode is interesting because it is one of the most global ones out there, with plenty of opportunities for cross-border capital. Rui and Ying-Ying begin by launching into the history of the industry, and by giving some topline stats about the current game-centric livestreaming platforms in China. They share that while Douyu claims to be #1, and while it has more users than Huya, Huya is about 25 percent larger by revenue-- and was profitable last year, unlike the loss-making Douyu. They continue by explaining the critical roles that platforms YY and ACFun have played; and tell the founding story of Douyu. Listen to find out: Why was 2014 considered a good year for Chinese esports in general? What are the synergies between the US-based Twitch and some of these domestic platforms? What has been the role of Wang Sicong, known in China as the People's Husband due to his status as the country's most eligible bachelor, in pushing the industry forward? What are the core competencies of any gaming livestreaming platform, and how well has each of these players performed in these areas? On which of these competencies was Panda.TV beat out by Huya and Douyu? What strategies are existing platforms experimenting with going forward, and which of these strategies do Rui and Ying-Ying think are sustainable? As a reminder, listeners unfamiliar with livestreaming in China should check out our Episode 7, How to Win Fans and Influence Losers. As always, you can find these stories and more at pandaily.com. Do let us know what you think of the show by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina! Thank you also to our listeners over at our partner, dealstreetasia.com. We are grateful for our rockstar producers, Shaw Wan and Kaiser Kuo; and interns, Wang Menglu and Mindy Xu. Our sponsor for this episode is the University of San Francisco. USF's new master's degree in Applied Economics is a STEM-designated program that combines economics training with the practical skills in data analytics needed to understand today's new digital economy. To learn more, visit usfca.edu/techbuzz.

In Episode 41 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about Ruhnn (RUHN), a relatively small yet significant company that filed for IPO a few weeks ago in the U.S. on the Nasdaq. Ruhnn has become the clear leader in China's fast-growing influencer marketing sector, an area in which our co-hosts agree that China should be considered world-leading. Lauren Hallanan, a Chinese social media marketing expert focusing on influencer marketing, and a former livestreamer in China with over 400,000 fans, joins us with insightful commentary on Ruhnn and other influencer incubators.Rui and Ying-Ying begin by explaining that Ruhnn, known in Chinese as Ruhan 如涵, is “China's No. 1. KOL Facilitator”-- with “KOL” standing for Key Opinion Leaders, or the rough equivalent of what in the U.S. are known as influencers. Unlike influencers in the U.S., however, the term KOL has its roots in the advertising industry and is a more professional term that usually implies that the individual is an expert, has a distinct personal brand, and is ready to represent some business interests. In China, one can be KOL in a variety of subjects, such as business or books. The KOLs on Ruhan are mostly in beauty and fashion; as of filing time, Ruhan represented 113 of these influencers-- including now-megastar Zhang Dayi, or Dayi, who also serves as the current CMO of the company. Listen to find out: Who are the founders of Ruhan, and how did they get the idea to create such a platform in 2012? How does the fact that the current Ruhan CEO's wife is an influencer herself tie in to the founding story? How is it that the Nasdaq IPO is technically not Ruhan's first public listing? How do influencers in China monetize, and what exactly are the so-called Platform Services provided by the company? How large is the role of ecommerce on Ruhan, and how does its team use audience preferences and purchasing behavior to guide product development from the start? As always, you can find these stories and more at pandaily.com. Do let us know what you think of the show by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina! Thank you also to our listeners over at our partner, dealstreetasia.com. We are grateful for our wonderful producers, Shaw Wan and Kaiser Kuo; and for our intern, Wang Menglu. Our sponsor this week is the University of San Francisco. USF's new Masters in Applied Economics is a STEM-designated program that combines economics training with the practical skills in data analytics needed to understand today's new digital economy. To learn more, visit usfca.edu/techbuzz.

In Episode 40 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about the new “Technology Innovation Board” on the Shanghai Stock Exchange, which formally announced its first set of rules last week. Rui and Ying-Ying explain that given its recent trajectory, this registration-based NASDAQ-style board could be launched in a few months, if not weeks — much more quickly than skeptics have assumed. With this news as the backdrop, this week's episode serves as a quick primer into the differences between China and the U.S.'s capital markets, as well as how these contrasts may explain some of the differences in Chinese tech entrepreneurship and capital versus those in the U.S.Rui and Ying-Ying begin by walking through a brief history of Chinese domestic capital markets, which had a total market cap of $6 billion late last year and are still really young compared with those in the U.S.; in fact, both the Shenzhen Stock Exchange and the larger Shanghai Stock Exchange were founded in 1990. Notably, prior to last fall, foreigners were unable to invest in A-shares on either exchange. Even after loosening controls earlier this year and doubling the amount foreign investors can invest, China still enforces a total quota of $300 billion, shared globally.Our co-hosts cover a range of core questions in this episode. Listen to find out: How does the fact that the Chinese exchanges are approval-based, and not registration-based, affect listings? What role does the China Securities Regulatory Commission, or CSRC, play? Why are there only 3,500 publicly listed companies in China? Why did the Shenzhen Stock Exchange create two additional avenues for listing, in the form of the SME Board and ChiNext? How does the National Equities Exchange and Quotations (NEEQ), or New Third Board, fit into all of this? Why is it that most of China's best internet companies are listed abroad, and how does that fact play into the new Technology Innovation Board's intentions and potential for impact? From the perspective of a company preparing to list, what are the pros and cons of listing in mainland China versus abroad?As always, you can find these stories and more at pandaily.com. Do let us know what you think of the show by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina to win some swag! Thanks also to our listeners over at our partner, dealstreetasia.com.Special thanks to our awesome producers, Shaw Wan and Kaiser Kuo. Our intern is Wang Menglu.Our sponsor this week is the University of San Francisco. USF's Masters in Applied Economics combines economics training with the practical skills in data analytics that you really need to understand today's new digital economy. To learn more, listeners can visit usfca.edu/techbuzz.