The World’s Biggest Tech Companies Are No Longer Just American
“We’ve come to the point where China has finally caught up with the U.S. in the internet space,” said Hans Tung, a managing partner at venture capital firm GGV Capital. Mr. Tung, who invests in many Chinese start-ups, said the main advantage for Alibaba and Tencent was that the United States still had efficient “offline” — or non-internet — options for shopping or entertainment. But in China,…