The Chinese Government Is Braced for the Future of Technology

Ali is funding the smart cities in China. They are investing in R&D and financing lots of small companies on their ecosystem. It's very interesting that it paints a very sharp contrast with the large American companies. Some have argued that they have to, in a certain extent, suppressed some of the innovative activities because of the higher concentration over time. In China it's just the opposite. I get the fact that China needs to do some reforms and that this is pushing them to do reforms. But it's hard for me to paint a picture that this is uniformly good for China.