Here's an original thought. The presentation asserts that Tesla has eaten the entire auto industry, and this is because of slipping battery costs. It does not, however, correctly credit China for this change.
What other changes has China recently led? Video conferencing, mass-adoption of mobile payment, death of the desktop, home food delivery (pre-COVID), online grocery, e-Health passports.
Wow, way to twist the history to your own narrative. Also, no, Tesla has not eaten the entire auto industry, stock market cap doesn't equal to product market share
> Video conferencing
Zoom (American company) launched in 2011. DingTalk started way late in 2014 and wasn't even that popular until 2017. and still playing catchup to Zoom.
> mass-adoption of mobile payment
Japan in the 90s. I believe Chinese citizens were still mostly riding bikes then.
Needlessly snarky response. Write to the author about the Telsa claim. Yes, there are earlier examples in each case. I personally worked in digital video in 2000.
I was referring clearly to mass adoption (actual market penetration). Nothing matches China, period. Look at numbers for WeChat (video), WeChat/Alipay (mobile payment), Meituan/Eleme (delivery), etc.
Tesla hasn’t eaten the audio industry - that’s what investors are speculating. Battery prices are falling because of technology and (mostly) volume, not particularly because of ‘China’
The middle class in China is currently smaller than the one in Europe. It is - and always will be - much smaller than the middle class of the western countries combined. China is large but other countries together are much larger.
What other changes has China recently led? Video conferencing, mass-adoption of mobile payment, death of the desktop, home food delivery (pre-COVID), online grocery, e-Health passports.