Consumers may be the winners as China's Digital Giants fight those of the USA. And don't forget Japan.
If incumbent analogue industry leaders were ever complacent there is even less reason to be so in the face of this global digital disruption threat.
"America doesn’t realize how much things have changed and how rapidly it is losing its competitive edge. "
Chinese technology companies are now among the most valuable—and innovative—in the world. Facebook’s Chinese competitor Tencent eclipsed it in market capitalization in November, crossing the $500 billion mark. Tencent’s social media platform WeChat enables bill payment, taxi ordering, and hotel booking while chatting with friends; it is so far ahead in innovation that Facebook may be copying its features. Other Chinese companies, such as Alibaba, Baidu, and DJI, are racing ahead in ecommerce and logistics; artificial intelligence and self-driving cars; and drone technologies. These companies are gearing up to challenge Silicon Valley itself.