Quote:
Originally Posted by Thor
Yeah that whole episode is so well put together, not sure where Canadians can watch these but find it, its devastatingly true about the problems of these Tech monopolies.
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That business model is hardly unique to just tech companies, or at least based on what is that the short video there. Haven't seen the full episode.
The complete penetration of tech companies into every aspect of life in the West is nothing compared to what it is here in China though. I haven't even carried a wallet in over a year and I almost never shop at stores. Everything is paid by app and ordered for delivery to home by app. Everything. And basically all out of just two apps, one of which is also used for nearly all work and personal communication, mapping etc.
Companies like Amazon are nothing compared to what Alibaba and Tencent are in China. The Chinese economy would cease to function tomorrow if Tencent and Alibaba were to disappear.