Comments by "Valen Ron" (@valenrn8657) on "Australians are ‘coming home first’, delaying return of international students" video.
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MaxSt Arlyn
https://supchina.com/2018/03/23/why-chinese-companies-crush-western-tech-giants-in-china/
For example, Bloomberg published an article earlier this month titled “China protectionism creates tech billionaires who protect Xi,” with the author stating, “That’s helped create thriving domestic giants, including Tencent Holdings Ltd. and Alibaba Group Holding Ltd.” Mark Natkin, managing director of Beijing-based Marbridge Consulting, was quoted as saying, “As long as they remain protected in the China market, they’ll dominate and use that money to fund their global expansion.”
https://www.lowyinstitute.org/the-interpreter/china-how-big-tech-learning-love-party
Wang Xiaochuan, CEO of Sogou, a Tencent-backed search engine, explained this dynamic explicitly in a quote leaked in March of this year:
We’re entering an era in which we'll be fused together. It might be that there will be a request to establish a Party committee within your company, or that you should let state investors take a stake, you know, as a form of mixed ownership
https://www.afr.com/brand/chanticleer/chinese-tech-stocks-pose-an-investment-dilemma-20180815-h1410o
Baidu became China's No.1 search engine partly because Google was outlawed. Tencent became the world's largest gaming company and owner of China's No.1 messaging system without needing to compete with Facebook's WhatsApp.
Baidu and Tencent are prime examples of Chinese companies simply copying the successful business models created in Silicon Valley and then rolling them out without fear of competition at home.
Alibaba, which built the world's largest online retailing business, was allowed to dominate China's small business lending without interference from foreigners or much competition from local government-owned entities.
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