Comments by "Valen Ron" (@valenrn8657) on "American Thought Leaders - The Epoch Times"
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@Peter Bond
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.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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