Re:2021 Letter
by whoevercares on Saturday January 01, 2022 @01:52PM
(#29761342)
Meh not so fast.. it’s China, it has plenty of talents and execution is not a concern. Take ride sharing as an example, those stated owned enterprises CAN do tech!
> Other major state-owned automakers have rolled out their own ride-hailing brands: FAW Group established Yiqi Chuxing in 2019; Hong Kong-listed Dongfeng Motor launched Dongfeng Chuxing in 2018;
https://www.google.com/amp/s/amp.kr-asia.com/chinese-automak...
I don’t have data to prove they competed unfairly to DiDi though but we know didi has been punished to death now
This so called national team, is a myth. It never manifests itself. Apparently, national team backed national captical, executed by nationally-owned enterprises, are not agile and innovative enough when competing with private businesses. That's simply a human nature-driven market econmomy law. Chinese people are not living in an alternative universe where economy laws do not apply.