2023-09-20 11:20:45
At the end of the 70s, the neighborhood of Zhongguancun It was almost all field, but a crucial change was already in sight. In that suburb of Beijing, the China’s most prestigious research institutionsresponsible for such fundamental achievements as the nuclear program and hydroelectric dams.
In the eighties, when the first technology companies emerged, all industries were state-owned and every aspect of a person’s life was dictated by their danwei or work unit: from where to live to who to marry.
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In tune with the changes in the country, today Zhongguancun is the heart of the industry: a noisy neighborhood with glass towers that house the offices of the most relevant technology companies in the East and West. Although the State remains a dominant presence, the big tech They are driven by a generation of entrepreneurs who seek to always stay ahead of regulations.
Zhongguancun gave birth to giants like search engine Baidu; a ByteDanceparent company of TikTok; already Lenovowhich would eventually buy IBM’s personal computer division.
In 2004 Jack Ma, founder of the e-commerce emporium Alibaba, launched a digital payments system that was illegal in the country, but would end up helping these methods flourish throughout Asia, even surpassing American competitors.
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The next milestone came in 2012, when Alibaba introduced the rental car company Didian octopus that has already bought Uber’s operations in China and spreads throughout the world, including Argentina.
That aggressiveness put her in the crosshairs of the government of Xi Jinpingwhich fined it for evading competition laws and handling its clients’ data in an unclear manner.
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Although the State seeks to move forward with new restrictions for the kings of ZhongguancunFor example, regarding the power of recommendation algorithms, nothing seems to stop them from continuing to dream of creating the next unicorn.
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