Chinese tech companies have tended to take on a localized approach to global expansion, providing support and strategic value to local partners by means of investments and financial backing. Very much like real estate investment holding companies, Chinese companies expand through acquisitions rather than aggressive market penetration. Consider Alibaba’s $2 billion purchase of Southeast Asia’s e-commerce site Lazada. The most successful American tech companies dominated their respective industries not through local partnerships and financial support, but by grinding their competition away. No local partnerships or investment here: Amazon intends to outcompete and outprice other ecommerce players, especially Lazada, HonestBee, and RedMart.

Source: Forbes October 05, 2017 02:37 UTC