[gmm1990]

What makes you believe that the US companies are fundamentally better? Tictoc seems to outcompete US social media companies lately and Tesla said themselves their only competition comes from China. I don't think Bytedance has a huge burn rate or at least higher than could be funded on the public markets, no need for state backing.

[bioemerl]

Right now they just are.

Larger world market share. More internal diversity and understanding of other cultures.