It’s difficult for many Americans to shake their mental image of Chinese knockoffs peddled on street corners. And for years that described Chinese technology, too. Local companies set up shop by copying eBay, Google, Apple and other foreign technology companies.
But China has moved way past its knockoff phase. Now Chinese companies are setting global trends in technology products or business models in areas such as supercomputers, technology-enabled transportation, digital payments and artificial intelligence. China’s technology companies and its homegrown tech ideas are spreading everywhere. The world is cribbing from China now.
Read the full story here: https://www.bloomberg.com/news/articles/2017-06-26/former-tech-copycat-china-turns-tables-on-innovation?cmpid=socialflow-facebook-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=facebook&utm_medium=social
SOURCE: Bloomberg
