Gone are the days for US Tech on quick and easy money — China is making the US Tech face the realities of being relevant or being replaced. My suggestion for folks like Apple, Microsoft, FB take a chapter from Alphabet’s playbook and focus on those technologies that truly revolutionize the technology landscape, multiple industries, etc. Stop throwing money at gadgets and easy replicated apps and services. Let China own it because eventually they will. Focus on things like biocomputing, QC, space, etc. Because anything copied multiple times and quickly means it is easily replaced by the next cheaper and better gadget.
The recent Uber acquisition drama in China has given a new twist to the country’s technology sector.
Domestic tech companies are straining at the leash to go global while also defending their home markets from foreign competitors.
Even before the Didi/Uber battle unfolded, China’s tech firms were making waves. The global industry has been anxiously watching to see if the Chinese behemoths play a big part in the mergers and acquisitions game as they look to gulp down foreign companies. Home-grown giants such as Alibaba, and Tencent with its WeChat platform, have expanded across several countries although they still have a long road to travel before making worldwide impact.
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