The Great Firechat

#17 - Tesla's China problem, Meituan's rapid expansion, and China's LGBTQ+ tech world


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This week your co-hosts talk about Tesla in China, the recent PR debacle and how this all sounds too familiar. Then Adeh and Kevin do a deep dive into Meituan (whose market cap peaked at $341 bn USD earlier this year) as they consider who is next to be hit by Beijing's crackdown on tech in China. Your duo ends on an optimistic note - envisioning a bright future which embraces diversity - as they purview BlueCity Inc, a rising star Chinese LGBTQ+ tech platform.


Tesla has a China problem

https://technode.com/2021/04/22/chinese-authorities-demand-tesla-brake-data-following-protest/


Tencent and Meituan rumored next for Anti-monopoly probe:

  • Meituan https://www.techinasia.com/alibaba-chinese-regulator-launches-antimonopoly-probe-meituan
  • Tencent https://www.techinasia.com/sources-tencent-next-in-line-face-chinese-antitrust-regulators


More on Pony Ma / Tencent's $7.8 bn USD social responsibility fund https://pandaily.com/tencent-announces-50-billion-yuan-investment-in-sustainable-innovation/


Despite gov crackdown on tech, Meituan raises $10 bn USD cash to invest in hot community group-buy grocery and tech (autonomous driving)

  • https://www.bloomberg.com/news/articles/2021-04-19/meituan-seeks-about-10-billion-in-stock-offering-convertibles
  • https://www.bloomberg.com/news/articles/2021-04-20/meituan-ceo-who-bested-jack-ma-snags-10-billion-for-next-fight


Meituan founder Wang Xing's prolific start-up background

  • https://en.wikipedia.org/wiki/Wang_Xing


BlueCity, Chinese LGBTQ+ ecosystem company, obtains Internet hospital license

  • https://pandaily.com/owner-of-chinese-gay-dating-app-blued-obtains-internet-hospital-license-to-offer-mens-health-services/
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The Great FirechatBy Kevin and Adeh