Emerging markets, like China’s, have the advantage of a sizeable young population that is highly adaptable, if not already at home in the mobile digital era. Better yet, by learning from US tech leaders, emerging markets will have the best of both worlds.
After decades of being regarded as “the world’s factory”, it’s no exaggeration to say that China has reinvented itself to become a global tech leader. It is already home to over half the world’s AI unicorns and has produced internet titans like Baidu, Alibaba and Tencent – also known as the BAT – the last of which surpassed Facebook in value in 2017.