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This story hasn't convinced me that China's startup scene is anything to pay attention to, outside of China. Nearly every single one of their major successes,
by quaunaut 10y ago
This story hasn't convinced me that China's startup scene is anything to pay attention to, outside of China.
Nearly every single one of their major successes, are successes in China, and only China. Those successes, as great as they are, pale in comparison to the foreign competition in hard numbers, let alone quality and breadth of software.
Furthermore, are any of these services anything that hadn't been done before a dozen times? It isn't innovation just because you have State protectionism and made it on a computer. Nor will it necessarily lead to a major financial victory beyond China.
- harigov 10y agoIt's a start. Adapting technology to local needs is also an innovation so I wouldn't totally discount all their achievements.
- smallnamespace 10y agoSure, but once the Chinese market is saturated, those same companies will have a lot of cash to throw around to acquire foreign market share and develop their technology. After all, Japan used to be a by-word for cheap, underpowered cars until the 70s.