
Alex Yang
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Jul 8, 2026
The Platform State: Angela Zhang and Alex Yang on How China Really Governs Its Economy
53:06
53:32
53:45
54:02

Alex YangGUEST
J- j- just to quickly add on two, two things, uh, related to what Angela said, uh, to, to amplify the idea of, uh, the Chinese, uh, government is actually trying to nurture ecosystem, right? One idea is, uh, the, the, the thing, the system, the, or the format is called, uh, HydroCompute, right? The idea is when I use a large language model, I'm not building my data center based on o- only a media chip or only on Huawei chip.

Alex YangGUEST
I'm actually going to have a open architecture so that I can plug in chips from different, uh, companies, right? This whole idea is really about, uh, opening up a, a, a ecosystem.

Alex YangGUEST
And, uh, the other idea about this, uh, very small minority stake is, uh, really, uh, f- from a, a finance perspective, they're sort of diversifying, uh, their own portfolio, right? By betting on the whole industry instead of picking on a, a specific winner.

Alex YangGUEST
And this also aligns their incentive i- in the sense that I'm not so emotionally or economically attached to this one company.