This is the edited transcript of the Competition Lore podcast episode 12, GAFA in China? with Dr Wendy Ng.
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“I think it’s hard to have a mission of wanting to bring the whole world closer together and leave out the biggest country..”. That was Mark Zuckerberg’s response when asked recently about Facebook’s record of failed entry into China.
By and large GAFA have struggled to compete in the largest economy in the world. Meanwhile BAT (the homegrown tech trio, Baidu, Alibaba and Tencent) represent the new Chinese dragons, dominating in search, e-commerce, messaging, AI and other digital market spaces.
In this episode of Competition Lore Dr Wendy Ng, a specialist in the political economy of Chinese competition law at the University of Melbourne, shares her insights on the context that shapes the way in which the Anti-Monopoly Law works in China.
We canvas how the political and socio-cultural dynamics influence the law’s enforcement and the approach taken to abuse of dominance in particular. She explains the co-dependent relationship between the powerful domestic tech companies and the government and what challenges face their US counterparts. Issues of protectionism come up!
While great care has been taken in the preparation of the transcript, there may be some minor errors.