Matchmakers published in Chinese – Vanessa Yanhua Zhang, Global Economics Group
Click here for a pdf version of this article.
Platform economy has become the new norm in China. When young entrepreneurs present their business model to investors and the public, “platform” is one of the words that they most often used. Being surrounded by many platform businesses, from take-way “Meituan” to ride-hailing cars “Didi”, from short video sharing “Douyin” to mobile social network “WeChat”, from mobile payment “Alipay” to e-commerce “JD”, Chinese consumers are probably one of the groups that are most adapted to platforms in the world. People move quickly from hard cash to cashlessness and cardlessness, and leap frog from physical wallet to virtual wallet payment on smartphones through QR code. The 5-inch screen of smartphone holds people’s attention, whether they are on bus, subway, taxi, or in elevators. Smart Chinese entrepreneurs create a large variety of apps to connect the traditional offline business with online world. For example, thanks for the fast delivery and e-commerce platforms such as Taobao-CunTao, JD, Chinese farmers can sell their produce directly to end consumers thousands of miles away and boost their household income, without going through the traditional distribution system. China presents an innovative way of poverty reduction to other developing countries.
The Chinese edition of Matchmakers opens a window to the Chinese readers how platform economy changes people’s lives and the world. Prof. David Evans and Prof. Richard Schmalensee, two pioneers of platform economy, explain to readers the complex theory and why and how it happens, through interesting stories and examples. Prof. Jinglian Wu, the most respected economist in China and who is at his eighty-eight-year of age, wrote a preface for the Chinese edition, and highly praised the book to Chinese readers. Prof. Jean Tirole’s preface for the French version of the book is also translated into Chinese. The book has also received endorsement from Yongchao Duan, Chief Strategy Officer of SEEC and the Senior Member of China Computer Society, Prof. Qiping Jiang, Secretary-General of the Information Research Center at the Chinese Academy of Social Sciences, along with Prof. Lawrence H. Summers (Harvard University), Reed Hastings (Netflix CEO), Dan Schulman (Paypal President and CEO), just to name a few.
This book is perfect for entrepreneurs, scholars, policy makers, practitioners, and general public who are interested in platform ecosystem. With platform-based companies emerging almost every day in China, it will probably inspire the next Pony Ma or Jack Ma in China. Anything could be possible in this magical middle kingdom.
Enjoy the book!
Featured News
Geradin Partners Expands Paris Office with Key Hire
Aug 30, 2024 by
CPI
Judge Accuses Google of ‘Clear Abuse’ in Antitrust Case Over Deleted Employee Chats
Aug 29, 2024 by
CPI
Hong Kong Cleaning Company Employee Charged in Historic Antitrust Investigation Case
Aug 29, 2024 by
CPI
Inside the Yelp Suit: Allegations of Google’s Abuse of Search Power
Aug 29, 2024 by
CPI
AI Safety Bill Clears Hurdle in California, Heads to Governor’s Desk
Aug 29, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – State Attorneys General
Aug 22, 2024 by
CPI
CPI Talks… …With Attorney General Phil Weiser
Aug 22, 2024 by
CPI
The Bipartisan Miracle of State Antitrust Enforcement
Aug 22, 2024 by
Gwendolyn J. Lindsay Cooley
Recent Developments in State Antitrust Enforcement: Agriculture and Food Markets
Aug 22, 2024 by
Elizabeth R. Odette
State Attorneys General: Stewards of Consumer Health and Welfare
Aug 22, 2024 by
Brooke Howlett Lovrovich