Рет қаралды 103,814
Western media is filled with headlines about the rise of American big tech monopolies like Apple, Google, Facebook, and Amazon. These companies control basically every portion of our social, financial, work, and entertainment lives. But, another set of companies that is often overlooked is big tech companies from China. For the longest time, companies like Tencent, Baidu, and Pinduoduo were largely limited to China, but over the past 5 years, they’ve been expanding internationally and a rapid pace. Tencent has a stake in basically every Western game company that you can think of. Bytedance is killing it with TikTok, and most recently, Pinduoduo has risen to new heights with the help of Temu. This video explains the rise of Chinese big tech giants and the future of American big tech vs Chinese big tech.
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Timestamps:
0:00 - China’s Dominance
2:48 - Phase 1: Returning To The Homeland
5:53 - Phase 2: Cultivating Giants At Home
9:00 - Phase 3: Cashing In Globally
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