The Indian government is considering formally entering into a trade deal with Taiwan. And China is agitated about this
To understand why this is a big deal, we need some background on the relationship between Taiwan and China. So sit tight, because things are about to get bloody
The story begins with The Republic of China. No, we are not talking about the country. But a government set up by Chiang Kai-shek’s Kuomintang (KMT) party. Chiang's party had seized power across China. And during World War II, they served as an important American ally.
Then, in 1945, the allies had a victory over Japan, forcing the nation to surrender Taiwan - which Japan had colonized. And once they claimed victory, the US government offered the region to KMT's government. This proved most opportune for KMT.
4 years later, Mao Zedong's Communist party overthrew KMT, forcing them to leave for Taiwan. Once there, KMT imposed martial law and their Chinese identity on the Taiwanese people. KMT said that they represented Chinese people in Taiwan & on the mainland. Most world powers agreed
But in 1979, they reversed their stance. The US began treating the People's Republic of China(PRC), the new communist Govt ruling over mainland China, as the formal Govt and they severed their ties with the KMT. But the PRC made it clear that they wanted to unify the region.
Now, only 17 nations recognize Taiwan's democratic Govt and none recognize it as a country. Taiwan can only separate from China if they form diplomatic and trade relations with other nations. And that's where India comes in.
Taiwan has wanted to talk trade with India for years now, to decrease economic dependency on China. And an alliance makes sense for us too. Taiwan could help India in soliciting greater investments in technology and electronics while decreasing our reliance on Chinese imports
The thing is, the Indian Govt avoided trade talks with Taiwan earlier because they didn’t want to antagonize China. But ever since the deadly border clashes in May, relations between the two countries have been deteriorating anyway.
So, we may just take a chance on Taiwan now.
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Why is the US govt suing Google in the biggest antitrust suit in decades?
A thread
Of late, Google’s enormous size and market dominance has been of grave concern to the US Govt. The behemoth’s consumer offerings include a ubiquitous search engine, widely used maps, a popular video platform, and an Android operating system used in about 90% of all smartphones.
1) Web Searches:
In the US, Google is responsible for 90% of online searches. Competitors have accused Google of displaying search bias. Google likes to put its own products, like local business listings,at the forefront of search results so that it appears before that of rivals
In the late 1800s, India was tormented by deadly diseases like cholera, malaria, dengue, and plague. Back then, a physician in Bengal called Dr. S.K. Burman concocted natural cures for these diseases.
He traveled through villages and towns to disperse them among the poor. Soon, the good doctor's name spread far and wide. People started recognizing Daktar Burman, who treated people that wouldn't have been able to fight their ailments without him.
The Da of Daktar and Bur of Burman eventually merged, and Dabur was born.
In 1884, Dr. Burman set Dabur up and started selling medicines from a small house in Calcutta. He passed away in 1907, but his legacy lives on.
Word on the street is that Jio is launching an affordable smartphone priced at Rs. 4000. And this could be a serious blow to Airtel and Vodafone-Idea (Vi).
Why? (1/6)
Well, the answer lies in the massive 2G user base in India. Airtel has 13Cr and Vi has over 17Cr 2G users. 47% of Airtel's and 60% of Vi's users are on 2G
Even when Jio launched free calls and cheap data plans, they couldn't get a lot of 2G subscribers to shift to Jio (2/6)
The reason being, Jio's 4G sim only works on a 4G phone. And most 4G smartphones sold at the time were still expensive for low-income groups. Although Jio released a 4G feature phone, it didn't manage to convince a lot of people to switch. However that might be changing now (3/6)
Unacademy is now valued at $1.45 billion after it raised $150M from Softbank and other investors. So we thought we would look at the spectacular rise of Unacademy and its journey towards becoming India's second Ed-tech unicorn
Dec 2010- Gaurav Munjal, a computer science student, launches a YouTube channel named Unacademy.
2014- Roman Saini, Hemesh Singh, and Sachin Gupta join the channel as fellow educators.
Jan 2016- Unacademy is officially launched with Gaurav Munjal, Roman Saini, Hemesh Singh, and Sachin Gupta as co-founders.
May-Aug 2016- Unacademy raises $1.5M in two rounds of seed funding.
Byju's acquired WhiteHat Jr for over $300million in an all-cash deal. So we thought we would look at the spectacular rise of Byju's and its journey to become the world's most valuable Ed-Tech startup.
Ever wonder how the blue Parachute Bottle came into existence? Here's a thread on how rats forced Marico to redesign the package encasing their most iconic product.
Back in the early days Parachute was sold in huge tin cans of 15 litres each, mostly through wholesalers. But during the late '70s traders in Bombay began experimenting with different packs and sizes. Some of the more adventurous folks had begun to sell Parachute in smaller packs
The new packs were more consumer-friendly and received a lot of interest from buyers. When Harsh Mariwala, the founder of Marico got whiff of this, he immediately charted a plan to introduce Parachute in cheaper and more consumer-friendly plastic cans.