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howlgarnish | 5 years ago

Yes, China punches under its weight in software, and yes, China's services are not particularly visible in the US, but I assure you they're already making a huge impact, particularly in the developing world, and that impact is only going to growing in the next 5-10 years.

Alibaba/Aliexpress are massive for consumer online shopping, particularly in Russia & Eastern Europe. Alipay payments are increasingly accepted across SE Asia. JD.com (which nobody ever hears about, but is considerably larger than Ali) operates directly and indirectly in many SE Asian countries.

Tencent Games owns and operates a huge slew of globally popular games, including Fortnite, League of Legends, the Supercell suite (Brawl Stars, Clash of Clans etc). Yes, most of these games are still produced primarily in the West, but for long?

Trip.com has been run out of China since 2017 since it was acquired by Ctrip. Meituan/Dianping dominate food delivery in China and are started to branch out to other markets like Australia and Singapore.

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