I’m just going to answer this last part: > How did they manage to get the engineering talent when seemingly FB, MS, Netflix, Amazon, Google are all fighting fo

I’m just going to answer this last part: > How did they manage to get the engineering talent when seemingly FB, MS, Netflix, Amazon, Google are all fighting for that talent? China is both a huge labor market along with the largest mobile phone market in the world. Add to that fact that the great firewall has created a parallel internet, it’s been fairly inevitable that China will end up with some tech giants. Even with all the money that American tech giants have, they are at a disadvantage when it comes to tapping the massive labor market and consumer market within China. Note that the same thing is happening with EVs. In ten years, the auto market will have several dominant Chinese automakers a la what happened with Germany and Japan in the 70s and 80s.