By Susan Cunningham
January 2, 2021
The most important theme of 2020 wasn’t the emergence of a technological innovation. Rather, it was how the pandemic supercharged certain existing trends in China while revealing cracks in the firmament we should have seen long before. At least, that’s what some thoughtful members of the TechNode community said in a remarkable display of consensus.
We asked them to reflect on the tech year in the time of coronavirus, and point to what we can anticipate in the year ahead.
They say that fast growth is likely over (and that’s a good thing). They say that many, many ordinary Chinese people lost their blind faith in giant tech (welcome as well). And governmental authorities began making firm strides toward regulation.
Whether pertaining to monopolies, fintech, or protection of personal data, long overdue regulations are now coming, our experts say, but what form they take will surely be a major source of worry, relief, and dispute in 2021. Will authorities, for example, regulate community group buying to protect vulnerable small enterprises?
Perhaps most significant of all, it turns out that tech trade wars were just beginning back in 2019. MORE