China


China’s Investment in Africa: The New Colonialism? (Harvard Political Review)

China’s Investment in Africa: The New Colonialism? (Harvard Political Review)

Africa is no stranger to exploitation. After decades of colonial rule under major Western powers, the continent was left with a legacy of harsh, imperialist rule that set it back years in modernization. As a result, it has become the focus of mountains of developmental assistance from countries hoping to foster social, institutional, and infrastructural [...]

Why Wechat is a threat to Safaricom’s mpesa.

Why Wechat is a threat to Safaricom’s mpesa.

A few days ago I visited Chinese internet finance museum for a blockchain event organized by okcoin, one of Bitcoin’s large players. The 3 giants in Chinese internet: Baidu, Alibaba and Tencent occupied the most entries with their products and their subsidiaries numbering around 20 companies for each(photo below). The event area was in a [...]

China’s 10 Richest Tech Entrepreneurs

China’s 10 Richest Tech Entrepreneurs

China can easily be described as being in the forefront of technology and a leader in economic transformation. According to a report by the WEF, Chinese openness to technology has enabled their growth and success.
What China has proved is that technology, although slow and costly is a great investment and instrumental to economic growth and poverty eradication. [...]

Blockchain Upstart Wades into World’s Leading Mobile-Payment Market: China

Blockchain Upstart Wades into World’s Leading Mobile-Payment Market: China

Circle Internet Financial, which uses bitcoin network for money transfers, raises $60 million for push
Circle Internet Financial Ltd., maker of an app that lets people send money to each other via bitcoin’s blockchain—the Internet network underlying the digital currency—says it is heading to China.
The Boston-based startup, backed by Goldman Sachs Group Inc., Breyer Capital, Accel, [...]

China pledged to invest $60 billion in Africa. Here’s what that means.

China pledged to invest $60 billion in Africa. Here’s what that means.

The year 2015 was quite eventful for China-Africa diplomacy. Several high-level officials from both sides visited in each direction; the African Union (AU) and China signed a memorandum of understanding; China concluded an agreement to build a base in Djibouti; and China signed a host of bilateral agreements with African countries.
The capstone of the year’s diplomatic efforts was Forum [...]