In 2012, China had very little presence in the high-tech industry involving smartphones, solar panels, electric cars, and state-of-the-art telecommunication. But fast forward to modern times, China is dominating most of these industries. Chinese Brands like Alibaba, WeChat, Huawei, and DJI have all become successful brands with massive appeal in major countries over the world.
Let's not forget that China has created the world's fastest-growing social media app TikTok. TikTok has become so successful that Facebook, Instagram, and even YouTube have had to shift their business models to catch up with TikTok's success. Did you know that these popular social media apps added their short video segments to compete with the popularity of short TikTok videos?
“TikTok” by Cottonbro studio (CC0) via Pexels