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;
> 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