I would argue that Beijing has caught up with Silicon Valley really quickly. When the world looks at Beijing and Silicon Valley, they always think Silicon Valley really represents the global values of human society, while Beijing is seen as China-specific. From that sense I think Silicon Valley companies still have an advantage: from day one they can go global, they have a global brand. That’s why you’re seeing so much foreign investment by Chinese tech companies in Silicon Valley and Europe. I think Silicon Valley companies have a really global view, but they need local action.

Source: Huffington Post August 17, 2016 21:45 UTC