The Rise of Chinese Platforms in the Market

I believe that Chinese platforms, although they are growing in terms of their global user share that they still fall short of the global user share for Western platforms. I think we can take a sobering lesson from TikTok five years ago, very few people even heard of TikTok. And now very few people had heard about Xi in two years ago or Taimu, which is another e-commerce app, which is exploded on the marketplace. So while Western platforms do have an established preeminence right now in the market, I think these Chinese platforms have the capability to displace them.