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Taiwan's President Tsai Ing-wen smiles as she leaves after casting her vote in the presidential election on January 11, 2020 in Taipei, Taiwan. Photo: Carl Court / Staff/Getty Images

Taiwanese voters re-elected President Tsai Ing-wen in the general election on Saturday, as opposition leader Han Kuo-yu conceded defeat and offered his congratulations, Bloomberg reports.

Why it matters per Axios' Bethany Allen-Ebrahimian: After offering voters a stark choice between a democracy with her or dictatorship with China, Tsai has won re-election in a stunning retort to Beijing — she received more votes than any candidate in Taiwan’s democratic history.

The state of play:

  • Tsai's campaign invoked imagery of the months-long Hong Kong protests, and advocated for a Taiwanese identity separate from mainland China's, the Wall Street Journal writes.
  • Chinese President Xi Jinping previously signaled the need to bring Taiwan under the control of the Communist Party using the "one country, two systems" model, the same system used in Hong Kong, per the Wall Street Journal.
  • Yes, but: Beijing’s heavy-handed approach with Hong Kong has shown Taiwanese voters what “one country, two systems” really means — and they "don't want Taiwan to become another Hong Kong," voter Chen Ya-ting told the WSJ.

Go deeper: China steps up political interference ahead of Taiwan's elections

Go deeper

Tony Hsieh, longtime Zappos CEO, dies at 46

Tony Hsieh. Photo: FilmMagic/FilmMagic

Tony Hsieh, the longtime ex-chief executive of Zappos, died on Friday after being injured in a house fire, his lawyer told the Las Vegas Review-Journal. He was 46.

The big picture: Hsieh was known for his unique approach to management, and following the 2008 recession his ongoing investment and efforts to revitalize the downtown Las Vegas area.

Dan Primack, author of Pro Rata
3 hours ago - Economy & Business

The unicorn stampede is coming

Illustration: Annelise Capossela/Axios

Airbnb and DoorDash plan to go public in the next few weeks, capping off a very busy year for IPOs.

What's next: You ain't seen nothing yet.

16 hours ago - World

Maximum pressure campaign escalates with Fakhrizadeh killing

Photo: Fars News Agency via AP

The assassination of Mohsen Fakhrizadeh, the architect of Iran’s military nuclear program, is a new height in the maximum pressure campaign led by the Trump administration and the Netanyahu government against Iran.

Why it matters: It exceeds the capture of the Iranian nuclear archives by the Mossad, and the sabotage in the advanced centrifuge facility in Natanz.