![]() The 5G race is a notable example in this regard. ![]() For example, India has banned dozens of Chinese apps from the local market.Īs a “fast-moving, cut-throat competitor,” China’s rise is also sparking off disputes and controversy in trade and technology leadership, she cautions. The book was written before the regulatory controversies over data sovereignty and risk by Chinese tech firms in a number of countries like India. “Fears that Chinese products are not safe to use is another deterrent,” she cautions, in addition to cultural differences in product usage. There are also accusations of IP theft and counterfeiting. “But Tesla, WeWork, Airbnb, LinkedIn, Starbucks, and others continue to push into the Middle Kingdom, with mixed success,” Rebecca observes. Google, Facebook, Twitter, Instagram, and Pinterest are blocked in China. There are also challenges, however, in the “techno nationalism” and protectionist attitude of the Chinese government to keep many Western players out. India-China standoff: CAIT calls for boycott of 500 Chinese goods corroborates PM Modi’s ‘vocal for local’ move Other driving factors are the large population of mobile-savvy millennials, engaged global diaspora, sheer scale of the local market, venture ecosystem, and determination to recapture earlier civilisational glory. The author tracks the rise of startup clusters such as Beijing, Shanghai, Shenzhen, and Hangzhou. In fact, Western players are now copying features of Chinese products such as virtual gifts, social commerce, AI-powered news and video apps, one-stop super-apps, and integrated ecosystems. Chinese giants are setting up centres in Silicon Valley and partnering with Hollywood firms, and also expanding in Israel and other parts of Asia. Tencent and Alibaba rank in the top ten publicly-traded companies for market valuation. Though the US may lead in sectors like chipmaking, China is ahead in mobile payments, ecommerce, electric vehicles, and livestreaming, she adds.Ĭhina’s tech titans have dominated the homeland markets, and are now making their presence felt overseas in Wall Street, Main Street, and even Capitol Hill. “From copiers to originators, Chinese tech titans are showing the way forward with leading-edge advances that rival the West,” Rebecca begins. (image credit: YourStory) The new context ![]() See also my reviews of the related books China's Mobile Economy, Six Billion Shoppers, China's Disruptors, and Alibaba. Here are my takeaways from the compelling book, summarised as well in Table 1. “In less than two decades, China tech innovation has evolved and gone through three phases of development: from copy to China, to invented in China, and now today, the biggest trend to watch is copied from China,” Rebecca writes. The 10 chapters are spread across 250 pages, and make for an informative read for entrepreneurs, investors, and analysts. Her latest book examines the tech, startup and investor dynamics of China’s waves of entrepreneurs, and is well referenced with 13 pages of sources and dozens of charts and tables. Her earlier books are Silicon Dragon (published in 2008) and Startup Asia (see my book review here ). She is the founder of Silicon Dragon Ventures, and lives in New York City and San Francisco. Rebecca Fannin is an author and media entrepreneur, with extensive experience in covering China’s entrepreneurial boom. See also our related columns The Turning Point, Techie Tuesdays, and Storybites.Ĭhina’s spectacular progress in digital technologies has also come with its share of controversy, as chronicled in Rebecca Fannin’s book, Tech Titans of China: How China’s Tech Sector Is Challenging the World by Innovating Faster, Working Harder, and Going Global. Launched in 2012, YourStory's Book Review section features over 250 titles on creativity, innovation, entrepreneurship, and digital transformation.
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