[shanghaiaway]

Having worked in Chinese tech companies, they are both more and less efficient (fast to execute really).

They're fast because there's no planning being done. Because there's no plan being followed, people can jump on a new project. They're not held up with long term projects and goals.

On the other hand, some large projects are half assed and started fresh over and over because they keep failing due to lack of planning and proper organization infrastructure for execution (processes).