This on-going research delineates the constructing of an interlocking
ecosystem around popularity magnification on popular Chinese digital platforms, which we
refer as “data bubble”. Similar to the bubble in a stock market or in real estate market in
different economies where the price of assets substantially exceeds its intrinsic value, we
propose “data bubble” as a neologism to describe the phenomenon and ecosystem of
manipulating data to aim for an inflated popularity on Chinese digital platforms, which
ultimately pitch to higher commercial and financial values. We argue that data bubble is
laced with platform company’s commercial and financial imperatives, logics of datafication
and popularity of platform as data infrastructure, and active participation from different
user groups and complementors, and a deeply embedded mentality of “traffic is king”. It is
achieved through mixed data practices including data optimization, commercial astroturfing,
and counterfeit data manufacturing behind which a wide range of actors and entities are
involved. They range from platforms, individual end users (fans in particular), influencers,
multi-channel networks (MCNs) and incubators, celebrities and their agencies, click farms,
and advertisers—all of them have achieved their own ends and thus actively participated in
fabricating data bubble in one way or another. The practices of data manipulating and
optimization by different participants in constructing data bubble, as a result, have driven
the data metrics on Chinese platforms far over—and no longer representative of—the actual
popularity.