The reality is, three major players Baidu, Alibaba, Tencent are competing with each other in almost every front, and also competing with tons of new challenges

The reality is, three major players Baidu, Alibaba, Tencent are competing with each other in almost every front, and also competing with tons of new challenges like Meituan, Bytedance, etc. The abundance and variety of small startups and their competition is nothing unlike what's happening in silicon valley.