"The American products are simply uncompetitive in the China market," said Kai-fu Lee, who is now chief executive of Sinovation Ventures, a venture capital firm focused on Chinese technology. Even if internet titans from the United States could operate in China, he said, the local competition means they would have a hard time thriving. Also, young Chinese these days would rather work for national champions like Alibaba or Tencent. （Why American Tech Companies Struggle in China, by the New York Times）
Comment
China has made outstanding achievements in internet sector in recent years. The cashless payment, shared bikes and self-service store have not only changed our life dramatically, but also showcased the charm of innovation.
（Editor Li Xingyi）
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