One of the reasons they haven't been successful in expanding beyond Asia is that they have not been exposed to competition as Chinese govt is hostile to companies outside of China and more friendly to Chinese firms. I am sure they will learn over time
China has its own Google (Baidu), Amazon (Alibaba), Facebook (Tencent), and Uber (Didi). Historically Chinese tech companies haven’t expanded successfully far beyond Asia. This may be starting to change. https://techcrunch.com/2018/01/03/report-chinas-didi-to-buy-brazils-99-in-1b-deal-to-take-on-latin-america/ …
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on the contrary, I think they're very successful, much to the dismay of the rest of the world
End of conversation
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Most of the world's bitcoin is mined there too. It takes 51% to forge a new blockchain. If China decided to seize their mining ops, they might be able to get more like 70%. Obviously bitcoin is not a company, but it's another aspect of China's tech power.
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