Re:Life expectancy rise in rich countries slows down: took 3...
by adam_arthur on Wednesday October 16, 2024 @01:30PM
(#41861581)
This was and is part of their goal, yes.
https://asia.nikkei.com/Business/Technology/Beijing-asks-Ten...
"Beijing asks Tencent to lower WeChat's mobile payment market share"
https://www.forbes.com/sites/zennonkapron/2022/11/09/chinas-...
https://www.business-standard.com/world-news/china-may-impos...
"China is planning to introduce a new mobile payment regulation aimed at reducing the market share of Tencent Holdings' WeChat app, similar to efforts made by the National Payments Corporation of India to curb Google Pay and Phone's growing dominance in the market"
China's methods are more authoritarian than are viable in the west. But the general premise of a competitive market being better for society than dominance by a small number of firms is supported well by history
WeChat is the inspiration for the idea of the "everything app" that so many US companies want to create but have always failed to. Has it somehow been newly limited in its ability to control an absurd percentage of all Chinese internet-connected activity?