{"id":37991,"date":"2022-07-30T13:57:54","date_gmt":"2022-07-30T13:57:54","guid":{"rendered":"https:\/\/zeru.com\/blog\/?p=37991"},"modified":"2022-07-30T13:57:54","modified_gmt":"2022-07-30T13:57:54","slug":"how-bytedance-is-affecting-the-chinese-economy","status":"publish","type":"post","link":"https:\/\/zeru.com\/blog\/how-bytedance-is-affecting-the-chinese-economy","title":{"rendered":"How Bytedance Is Affecting the Chinese Economy"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_43 counter-flat ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2b7b0e54111\" class=\"cssicon\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><label for=\"ez-toc-cssicon-toggle-item-6a2b7b0e54111\"  class=\"cssiconcheckbox\">1<\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2b7b0e54111\" ><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zeru.com\/blog\/how-bytedance-is-affecting-the-chinese-economy\/#How_Bytedance_Is_Affecting_the_Chinese_Economy\" title=\"How Bytedance Is Affecting the Chinese Economy\">How Bytedance Is Affecting the Chinese Economy<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zeru.com\/blog\/how-bytedance-is-affecting-the-chinese-economy\/#Alibaba_Clouds_data_centers_in_Singapore_vs_tiktok_chinese\" title=\"Alibaba Cloud&#8217;s data centers in Singapore vs tiktok chinese\">Alibaba Cloud&#8217;s data centers in Singapore vs tiktok chinese<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/zeru.com\/blog\/how-bytedance-is-affecting-the-chinese-economy\/#X_indicates_a_way_to_close_an_interaction_-_or_dismiss_a_notification\" title=\"X indicates a way to close an interaction &#8211; or dismiss a notification\">X indicates a way to close an interaction &#8211; or dismiss a notification<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/zeru.com\/blog\/how-bytedance-is-affecting-the-chinese-economy\/#Digital_Yuan_is_a_chinese_e-currency\" title=\"&#8216;Digital Yuan&#8217; is a chinese e-currency\">&#8216;Digital Yuan&#8217; is a chinese e-currency<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"How_Bytedance_Is_Affecting_the_Chinese_Economy\"><\/span>How Bytedance Is Affecting the Chinese Economy<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" alt=\"how bytedance alibaba jun tiktok chinese\" style=\"max-width:29% width:auto; height:auto; max-height:330px; margin:0px 10px;\" align=\"left\" src=\"https:\/\/i.imgur.com\/n19coKd.png\">  <\/p>\n<p>Alibaba, a homegrown technology giant, was fined $2.8 billion in April after being accused of abusing its monopoly in the online market. Bytedance may have taken the message from the Chinese government seriously. If so, it&#8217;s no wonder the company is a target for Chinese regulators. However, Chinese regulators are taking steps to prevent such companies from causing harm to the Chinese economy.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Alibaba_Clouds_data_centers_in_Singapore_vs_tiktok_chinese\"><\/span>Alibaba Cloud&#8217;s data centers in Singapore vs tiktok chinese<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>After taking a stronghold in China, Alibaba Cloud is looking to expand its footprint in other regions. While it has a significant first-mover advantage, the cloud provider needs to compete with the Big Tech cloud providers in the US. It recently announced plans to allocate $1 billion for boosting digital skills in Southeast Asia. However, there are some drawbacks to using the service in the US.<\/p>\n<p>After all, the cloud service provider is under pressure to deliver more value than its competitors. A recent IPO by Ant Group has been delayed and the company has struggled to win government contracts in China. In addition, Alibaba Cloud has been struggling to win new contracts and win meetings with state-owned and government clients. Meanwhile, regulators are scrutinizing the e-commerce business of the Ant Group and Alibaba.<\/p>\n<p>One of Alibaba Cloud&#8217;s customers has halted using its service outside China. ByteDance, the Chinese-owned social video app, recently ended its deal with Alibaba Cloud. It bought servers from Alibaba to handle its fast-growing cloud computing needs. But this move may have been spurred by U.S. pressure. The Trump administration recently warned users against using Chinese cloud service.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"X_indicates_a_way_to_close_an_interaction_-_or_dismiss_a_notification\"><\/span>X indicates a way to close an interaction &#8211; or dismiss a notification<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Using an X indicates a way to close an interactive interaction or dismiss a notification is often confusing. Although users expect that the X will close the interaction, it may be confusing because the icon could represent several different meanings. For instance, it could be interpreted as &#8220;this is where the treasure is buried,&#8221; or it might refer to an ongoing process, or it could mean the same thing for different people. This makes distinguishing between a close button and a cancel button or icon all the more important.<\/p>\n<p>X icons are useful for several reasons. They can be proactive &#8211; they provide a way to cancel an action &#8211; and they conform to a brand&#8217;s style guide. Buttons with an X can also be counterintuitive. A confirmation dialog should give users an out, so they don&#8217;t end up feeling stuck in a situation where they can&#8217;t finish something.<\/p>\n<p>Unlike pop-up windows, actionable notifications are persistent until a user chooses to dismiss them. They are best when accompanied by a &#8220;Toast&#8221; styling that allows interaction. The time allowed to interact is crucial when it comes to usability, and toast style allows you to do just that. If you want to dismiss a notification, simply press Esc or Tab to move focus between the action and the close X.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Digital_Yuan_is_a_chinese_e-currency\"><\/span>&#8216;Digital Yuan&#8217; is a chinese e-currency<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Bank of China has recently launched the Digital Yuan. It is one of nine bodies to sign on to the directives. Bytedance, the world&#8217;s biggest startup, also owns Douyin and TikTok. With the help of these two platforms, the Chinese company had hopes to move into e-commerce.<\/p>\n<p>As a result, the new app supports payment transactions using the digital yuan. It can be used in 23 cities across China. It is a digitized version of the renminbi, the legal currency of China. The central bank, the People&#8217;s Bank of China, issued the digital yuan to make small-scale retail transactions easier.<\/p>\n<p>The Chinese name of the currency is Xi Jin Ping Zhi. Other names for it are Xi Jin Ping Zhi and Xi Jin Qian Jin De Fang Xiang. The Digital Yuan is the most widely used e-currency in China.<\/p>\n<p>Among the most popular uses for the digital yuan are payments, shopping, and payments. Using the digital yuan app, you can send and receive money with your friends and family. You can use it to make small payments, pay for items, or even repay someone for a meal. All of these uses are enabled by NFC technology.<\/p>\n<p> <iframe allowfullscreen=\"true\" src=\"https:\/\/www.youtube.com\/embed\/VHJwmCu8TQo\" width=\"362\" frameborder=\"0\" height=\"202\" style=\"margin:0px auto; display: block;\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>How Bytedance Is Affecting the Chinese Economy Alibaba, a homegrown technology giant, was fined $2.8 billion in April after being accused of abusing its monopoly in the online market. Bytedance may have taken the message from the Chinese government seriously. If so, it&#8217;s no wonder the company is a target for Chinese regulators. However, Chinese [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":44910,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[321],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.7 (Yoast SEO v21.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Bytedance Is Affecting the Chinese Economy - Zeru<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/zeru.com\/blog\/how-bytedance-is-affecting-the-chinese-economy\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Bytedance Is Affecting the Chinese Economy\" \/>\n<meta property=\"og:description\" content=\"How Bytedance Is Affecting the Chinese Economy Alibaba, a homegrown technology giant, was fined $2.8 billion in April after being accused of abusing its monopoly in the online market. 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