The Total Addressable Market is huge in any developing country. The only problem was that the previously internet penetration was very low and not many people h

The Total Addressable Market is huge in any developing country. The only problem was that the previously internet penetration was very low and not many people had computers to get online. Cheaper and more mature smartphones has changed all that. Now with the huge and growing "online" population it is not surprising that this is happening. But, I must add that China's notorious protectionism is also playing it's part. No international company can take money from Silicon VC and then pump it in China to build their brand. Uber tried and failed. This is in complete contrast to India. If you look at it ecom saw bigger and bigger deals for Flipkart until Amazon happened. Same with Uber holding it's ground against Ola. I am sure if India had similar protectionism, we might have seen similar headlines for them too, maybe not at the same time but couple of years give or take.