[nehene]

I think people are being lazy. Of course it is harder to operate in China than in e.g. Europe were US companies were able to avoid local regulation, make sweet heart deals to pay a lot less tax and engage in anti-competitive behavior. Still essentially all mayor tech companies, except Google and Facebook, are there.

The large reason for Chinas success is that for every segment that FAANG casts its shadow in the west there is at least half a dozen companies in China. Europe doesn't lack e.g. map providers that even today could compete with Google if it wasn't for the Google's dominance in the overall market.

Taobao is also a lot better than eBay. (And I don't see that in itself being a factor of anti-competitive behavior like in some other cases).