This week we decipher a series of terms from China’s bureau of riddles: financial spin masters describe the current internet bloated IPO valuations as a “good bubble”; cryptic shenanigans with China’s three mobile operators under scrutiny in an affair over RMB350m of “illegal” money; Xinhua hits back at Google’s “chimerical complaints” of cyberattacks emanating from Jinan, China.
China embraces its inner tech bubble
Tech industry leaders in China seem to agree that a “bubble” is currently underway in their country. Rather than dread the inevitable fall, however, the executives are focused on the golden age of development that they are currently in. As one leader said, “We’re in the midst of a bubble but a good bubble. It’s going to create a flight to quality. The bad companies will lose momentum or die. The market will shrink to a small base of companies.” Soon investors will stop and companies will go under, but the industry as a whole (in China) is focused on the positive.
Western view: Chinese hackers use fake Gmail site to steal activist data
Google has revealed that it had been the target of a phishing campaign seemingly originating in Jinan, a mid-sized Chinese city (six million) known mostly for exports, [72 fresh springs, its muslim population and its status as the IT capital of China twinned with Bangalore, India]. It was aimed at gaining access to the accounts of senior officials in the U.S., Korea and other governments, as well as those of Chinese activists.
China view: “Google’s Chimerical Complaints”… against local chefs making cider-snacks cyberattacks
It was the second time that Google arbitrarily pointed its finger at China. Last year, Google groundlessly accused the Chinese government of supporting hacker attack against it and pushed China to abandon legal regulations on the Internet by threatening to withdraw from the Chinese market. The chimerical complaints by Google have become obstacles for enhancing global trust between stakeholders in cyberspace. However, it was too imprudent for the online giant to lash out at others without solid proof to support its accusation. Last year, Google invited the U.S. National Security Agency (NSA), a spy agency, to help with its inquiry into cyberattacks against it… they traced the attackers to computers at Chinese Shanghai Jiaotong University and Lanxiang Vocational School.. The report amused many Chinese at that time since Lanxiang Vocational School enjoys a good fame at training chefs for local restaurants. It is really hard for people with common sense to understand.
Ma might bite Yahoo – Alibaba Group CEO Jack Ma on the Alipay affair, Yahoo and loving employees (video and transcript)
Jack Ma reveals several insights in this interview, including his thoughts on employee training (which he feels should all be done internally), cultural trends in China (customs, people, and government) and business trends in China (mobile, gaming, and search), and Yahoo (which he’d love to buy some day).
New Sina Weibo profiles leak reveals vitual goods, eCommerce integration
A leaked screenshot caught reveals more details on what seems to be Sina’s new “QWeibo” profiles, which feature virtual goods and eCommerce integration. Sina has been adding features to the Weibo platform in an attempt to turn it into a complete social network experience instead of simply being a microblogging platform.
10 reasons why China is different
This report singles out strategy, commitment, delivery, saving, rural-urban migration 316 million Chinese are expected to move from rural to urban China over the next 20 years), consumption, services, foreign direct investment (China is a magnet for the investment of multinational technology companies), education (1.5 million engineers and scientists graduate in China every year), and innovation (China’s aggressive pursuit of patents and new technologies is what sets it apart) as the main differentiator between China and other nations.
China’s seizure of China Mobile leads to wider corruption probe
All three of China’s major mobile carriers (China Mobile, China Unicom, and China Telecom) are now under investigation following the arrest of a China Mobile executive in March. The investigation is a probe of more than 60 people that may involve 350 million yuan of “illegal money”.
Indonesian president responds to defamation in social media
The Indonesian government has been facing criticism on social media platforms like Twitter, blogs, in text messages recently. Last week the political world in Indonesia was turned upside-down by the emergence of a specific SMS text containing allegations of corruption against the nation’s government. The SMS spread far enough for the president to comment on it, saying, “I think with the development of information technologies — such as SMS, Twitter, websites, and Blackberry — as well as all types of online media can improve our lives in this nation. But, for those who are not knights, those who use (these media) for character assassination or verbal abuse. That is freedom of speech, [but] when it comes to defamation then it must be accounted for.”
Malaysian to tweet apology 100 times in Twitter defamation case
A Malaysian social activist will apologise 100 times on Twitter in an unusual settlement with a magazine publisher in a defamation case. The penalty has sparked debate among internet users about the pitfalls of social media in Malaysia, where authorities have warned people to be more cautious about what they write on blogs, Facebook and Twitter.Fahmi Fadzil, an opposition politician’s aide and respected commentator on social issues, claimed on Twitter in January that his pregnant friend had been poorly treated by her employers at a magazine run by BluInc Media.
Vodafone India sues customer for defamatory Facebook statuses
Vodafone India has sent in a legal notice to a man who has complained about its services on Facebook, asking him to take down the ‘defamatory’ posts. This case is interesting because if the court gives an injunction, it could become a precedent for other popular brands to start sending legal notices against other microbloggers.
Playstation Network coming back online everywhere except Japan, Hong Kong, and South Korea
Following the closure of the service after information was stolen from 77 million accounts, Sony has announced that it will re-launch the service in every market except for Japan, Hong Kong, and South Korea. Sony has declined to comment as to why they are excluding these countries. Around 10% of the affected PSN users are in these countries. Sony has hinted, however, that services will return to these Asian nations only a few days after the others.
The Social Web
Zynga to launch new game – “Empires and Allies” in Indonesian, Chinese, Malay, and Korean
Social gaming developer Zynga has announced the global launch of Empires & Allies, its first strategy combat game – a release “that includes more social features than any of its other games.” It is debuting in 12 languages, including Indonesian, Traditional Chinese and, for the first time, Malay and Korean. Zynga has more than 250 million monthly active users and is the developer of games such as CityVille, FarmVille, FrontierVille, Mafia Wars and Cafe World.
Facebook close to 700 million users
The top country (in terms of growth) in the last month was Brazil, which added 1.9 million new users. The rest of the top ten included Indonesia (up 1.5 million), the Philippines (up 1.3 million), and India (up 0.9 million).
Intel Ultrabooks are front and center at Taiwan IT expo (Computex 2011)
The first ultrabooks, which will be available later this year, will be based on Intel’s second-generation Core processors, measure less than 0.8 inches thick and cost less than $1,000 US. The size, performance and features of these ultrabooks will evolve over the next two to three years as Intel introduces new processor technology.
Location-based marketing hits Colombo
Marketers are beginning to use location-based marketing in the Sri-Lankan capital. They are mainly targeting the “New Urban Middle Class” – a new, small social category. Smartphones aren’t nearly as prevalent as feature phones in Sri Lanka, so ambitions are still tempered.
(Thanks to Asia Digital Map)
Bigerati: May’s most explosive stats
Digital Life: today and tomorrow 7mins state of the world overview
Turkcell Twitter campaign
(Thanks to Supavadee Tantiyanon for the link)
LG Loves Indonesia
(Thanks to Dhanushree Sant for the link)
Kitty and Lala: Chinese bloggers take center stage as Intel unveils global campaign
Take a minute to focus on yourself with these social media visualization tools…
Intel’s Museum of Me
Link this to your Facebook account and embark on a tour of your Facebook world, complete with exhibits showcasing your photos, friends, and statuses.
(Thanks to Alexandra Mecklenburg for the link)
The Social List
See your “worth” on Facebook, Twitter, LinkedIn, or Foursquare