Take A Look Into The Silicon Valley Of China

China’s tech industry was once often ridiculed by American tech professionals and analysts for largely being imitative, taking the ideas (and sometimes the actual intellectual property) from American companies and recreating them in China. However, the scenario has been changing in recent years, and China has become a bonafide technological powerhouse. Some of their major companies include Alibaba (an Amazon competitor), Tencent, Baidu (a Google competitor), and Xiaomi (an Apple competitor), and they can give similar American companies a run for their money. Decades ago, few people could have named any Chinese entrepreneurs, but today Jack Ma is well known all over the world and gets the same respect as many of America’s tech founders. It is clear that China’s Silicon Valley “Silicon Dragon” is a force to be reckoned with, and not something that we should underestimate. In fact, many of China’s tech companies are opening offices on American shores. 

While China is unlikely to gain market share in American markets, the battleground lies not in the west but in the east, with Southeast Asia being a place that both countries wish to win over with their goods and services as well as their cultural influence in general. While it seemed as though China was catching up to America in many ways, things may be changing. Their famous “996” working hours meant that people worked from nine in the morning to nine in the evening six days a week, adding up to a 72-hour work week, which is unthinkable to most of the developed world. However, that tireless work ethic is coming to an end as the country is cracking down on such brutal hours, and also cracking down on the consumer tech industry in general, which could make these companies less globally competitive. There are still many factors in both countries that could change the equation, such as how robust the venture capital scene is, how much investment is flowing in, and how much the government interferes. Ultimately, it would be foolish to rule China out when it comes to the future of tech.