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If you traveled anywhere in the world, what would your sequence of tasks be? Airbnb for a place to stay. Uber/Lyft to get around. Google Maps to know where you are. Yelp to find a good restaurant. Apple Pay for contactless payment. All American tech companies.
Perhaps I haven't been opening up any French apps but I have been opening many Chinese ones and even if I don't use them all the time the American companies whose apps I do use copy Chinese apps all the time. Yelp is like what 25 year old tech? Maps is cool. Uber is cool.
Airbnb is old tech. Apple pay works like shit compared to China. Has innovation gone to zero? No, but it definitely seems to have slowed wayyyyyy down, especially in hardware.
I think we’re the outliers, the rest of the (non-Chinese) world isn’t using Alibaba or WeChat or the like. Haha, the underlying tech isn’t impressive necessarily (Airbnb, Yelp, etc) but the network effects are there. Foreign competitors are local-only, not global.
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