The Rise of Chinese Apps

The Journal.

The Wall Street Journal

News, Daily News, Business News

4.2 • 5.8K Ratings

🗓️ 31 March 2023

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

While TikTok is getting a lot of scrutiny in Washington, other Chinese apps are on the rise. Four of the five hottest apps in the U.S. in March are tied to Chinese companies. But as WSJ’s Shen Lu explains, some apps are now trying to distance themselves from their Chinese origins. Further Reading: - Why Chinese Apps Are the Favorites of Young Americans - American Bargain Hunters Flock to a New Online Platform Forged in China - Chinese Startups Try to Make It Big in the U.S.—but Without the Backlash Further Listening: - Exclusive: TikTok’s CEO on the App’s Future in the U.S. - How TikTok Became the World’s Favorite App - Shein Took Over Fast Fashion. Then Came the Backlash. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	A lot of people are worried about TikTok these days.
0:08.6	Government officials are concerned that the Chinese government could use the app to spy
0:12.2	on Americans.
0:14.0	Congress is talking about banning it.
0:17.0	But Americans actually use a lot of apps that are made in China.
0:20.6	In fact, the four most downloaded apps in March all have Chinese roots.
0:26.4	There's T-MU, an e-commerce platform.
0:29.2	If you guys had seen my videos in the past, I have reviewed some stuff from T-MU.
0:33.3	It is a legit website.
0:35.2	There's CapCut, an app for editing videos.
0:38.4	CapCut is completely free video editing software, and it's actually really good.
0:45.1	And then there's TikTok itself, of course.
0:47.1	Girl, don't do it. It's not worth it.
0:49.4	I'm not going to do it, girl.
0:50.4	And the fourth most downloaded app is the Ultra-Chip Chinese retailer Xi-in.
0:55.2	I have a huge shame haul for you all today.
0:59.0	So let's unbox all of this and see what I got.
1:02.2	So why are all these Chinese apps taking off in the US?
1:06.1	And will they encounter the same scrutiny as TikTok?
1:12.0	Welcome to the journal, our show about money, business, and power.
1:16.1	I'm Ryan Knutson.
1:17.7	It's Friday, March 31st.
	...

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