In HK, nobody uses Baidu, they use Google.
The article is misleading because the size of these 'new industries' like 'car sharing' is going to be a function of the size of the economy, so really, it's like measuring the size of the banking sector ... it will be a % of the economy and that's that. Since banking is protected, it will be domestically owned. In China, so many sectors (all of them?) are strongly protected in so many ways so the outcomes are all rather predictable. Ride sharing, search etc..
For AliBaba though, and situations wherein they have done things differently given the state of their economy, they can claim a separate path and it'd be rather difficult to predict outcomes.
But those things notwithstanding ... we're still not using any chips, OS, software, services or tech out of China just yet.
I'm actually really surprised there isn't some great, commonly available mobile OS from China commonly available here ...
https://www.rigolna.com/products/digital-oscilloscopes/1000z...
edit: and I should add, I think they redefined the market somewhat.
I am perplexed by the lack of Chinese tech that we use and I think there must be some reasoning behind that.
Our markets are 'mostly open'.
Rephrasing: Chinese sock market is more plump, and more crazy than American. If you are in a business peddling BS stocks, there is no better market. I'm extremely sorry for use of vulgarities there, but I know of no other words in English language to characterise that.
On other hand... China's tech scene beats the silicon valley even without any stock market backing. And it is its beauty. China is probably the last place in the world where BS "high finance" has not yet gobbled up the tech scene.
Things are still done by real men of merit, real industrialists, real Chinese Carnegies. I personally knew of people who secured cash on the table for their businesses from them with just gentleman's agreement without them bowing down to any of "high finance" gatekeepers.
To Sonny
>I'm actually really surprised there isn't some great, commonly available mobile OS from China commonly available here ...
Well... a big part of South Asia know no other mobile OS other than what I call "Chindroid." Something that comes with custom skin on top of Android 2.0 era forks of Cyanogen. There is a whole culture grown around that.
>Then why does nobody outside of China use Chinese tech? This is a paradox that flies in the face of all the 'great news' coming from China.
I'm totally disagreeing with you on that. China's tech is ee-ve-ry-whe-re... except for America...
What half of Africa uses? A $20 dollars white label BuBuGao phone.
What half of South Asia depends on water filtration? Cheap Chinese membrane filters.
Who makes 70% of industrial chemicals, 30% of generic medicines, and 50% of precursor chemicals?
Whose heavy equipment is used everywhere outside of developer world...
Who has a complete dominance in manufacturing machinery?
Whose white goods totally dominate every non-OECD country?
This list will span for a kilometre.
Behind all of these things stand businesses that are head above all those "unicorns" where it comes to being considered "substantial"
Nobody will blink an eye if one of those 10000 facebook.com unicorn clones will disappear tomorrow, but if something will happen the biggest maker of fertilizers in China tomorrow, the whole world will turn silent for at least a few minutes.