|
I'm not saying Tencent, Baidu, and Weibo are unsuccessful. I'm saying that they are successful because Facebook(+WhatsApp), Google, and Twitter are blocked by all 3 of China's ISPs. If that were not the case I strongly believe those Chinese companies would be niche players if they even survived at all. To address the sibling comment by kuwze, the reason why Tencent is successful in payments is because the Chinese government blocked everyone competing with it, and also because the Chinese market lacked credit cards. Same thing for Alibaba. It's similar to how African countries went straight to mobile before more developed places did, and nobody holds those carriers up as examples of innovation. If we didn't already have complete acceptance of credit cards we would probably be using wallets from Microsoft or Amazon or some other tech giant. I have to respect Alibaba on the e-commerce though. In my opinion they're better than Amazon. Their software is dismal compared to Amazon, but when you measure them by the range of products you can get delivered, how fast and inexpensively, it's clearly superior, and they enjoy no protection from competition by Amazon. Alibaba is really great, the best perk of living in China hands down. Didi is cool too, though like all the copy cats it's just crap as a software company compared to Uber or Lyft. So anyway, no disrespect to the business savvy of China's big tech. And I also see that there's some awesome units in them. For example, Tencent has some absolutely fantastic security groups. All I'm saying is that China's tech giants didn't get here by technical innovation, whereas America's did. And not only that, China's internet policy has the side effect of crushing innovation so we're not likely to see anything interesting spring from there. |
- (this is handling double 11 traffic! if you don't know what that means, a few X prime day traffic) https://medium.com/@alitech_2017/open-source-pouch-alibabas-...
- from BAIDU http://apollo.auto/
Wechat is a killer mobile app, no web red herring. look at FB's app, so awkward.
Disclaimer: I worked for one of FAANG and it's not that easy to adopt new things.