Originally Posted by
zhaoyun
Well, Shenzhen is already the world's "second Silicon Valley", it has the highest concentration of tech firms and venture capital (which actually overtook Silicon Valley this year, though it's not for sure it's sustainable). About internet speeds, it's not a matter of technology but the Chinese government. Internet speeds in many Chinese cities are slowed down because of the government's firewall against selected foreign websites. It's fucking annoying. But who knows when that will go away.
But Shenzhen overall is a very different place than Seoul or Tokyo, or even other mainland Chinese cities. It's a very young city and everyone there is from somewhere else. It's also like the Wild East, it's chaotic, it's very fast paced, it's very innovative, there are a lot of entrepreneurs heading there to make their dreams come true but the competition is very fierce. But it's grown some very huge tech companies and it's booming. It's already moved ahead of Seoul and Tokyo as an innovation center. China's tech industry today is wild and vibrant and booming, Korea and Japan's are a lot more regulated with a lot less players and capital, they won't be producing as much next tier technology as China will because of the sheer level of competitiveness in China. Korea and Japan pretty much protected and closed off their markets, picked a few champions and gave them the market, China is like the Wild East, and all types of foreign players are in there as well, that's why the competition is way more heated, plus it's a much larger market.
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