China’s internet companies have benefited from the best of two worlds since the 1990s. The Chinese companies gained further advantages when Beijing blocked almost all big American internet companies from its domestic market, giving its home players plenty of room to grow. Many Chinese internet firms later went public in New York, where investors have a bigger appetite for innovative and risky start-ups than in Shanghai or Hong Kong. So far this year, more than 35 Chinese companies have gone public in the United States. At the same time, the United States has become more hostile to Chinese tech companies and investors.

Source: New York Times July 06, 2021 17:25 UTC