The population of 1.7 billion and a strict Internet censorship policy has created a unique universe for Chinese technology companies.
The Wall of Fire has blocked the invasion of even the greatest technology giants and brought gold opportunities to Chinese tech firms. With the huge market, China has enough versions of the most popular technology platforms in the world, meeting all the needs of its users
The world has Google, China has Baidu
This is the most popular search engine in country which has more than 1.7 billion people. And similar to Google, Baidu is also researching self-driven cars, smart speakers Waymo and is taking its first steps into cloud computing and AI.
The world has Apple and Samsung, China has Huawei and Xiaomi
China’s leading manufacturer of mobile phones with series of Huawei P10 and Mate 9. The company, founded in 1987, based in Shenzhen, Guangdong with the current CEO Ren Zhengfei.
Its rival, Xiaomi, not only competes in the smartphone industry with Huawei but also develops devices ranging from health monitoring to smart home appliances.
The world has Facebook, China has WeChat
WeChat is the product of Tencent, the giant empire holding in hand the masses of China’s most popular social networking and message platforms. With over 1 billion users, it can be imagined as the combination of iMessage, Google News, Venmo and Slack.
The world has Amazon, China has Alibaba
Alibaba is already a well-known name, taking in two of China’s most important e-commerce platforms, Taobao and Tmall, which control about 80 percent of the online transactions of more than 1.7 billion people.
The world has Uber, China has Didi Chuxing
After the fierce competition, Uber surrendered and accepted to be bought by Didi Chuxing. Apple invested $ 1 billion in Didi Chuxing in May 2016.
The world has YouTube and Netflix, China has Youku and iQiyi
Youku is owned by Alibaba and iQiyi is owned by Baidu, and the relationship between the two is no different than YouTube with Netfflix. The only other point of Youku is that the user’s video will be browsed before it’s up. Meanwhile, Netflix has just sold its license to iQiyi to pave the way for its entry into the market.