ChinaTalk US-China Tech in 2023: Top 5 Stories of the Year
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Dec 8, 2023 
Kevin Xu, creator of the Interconnected Substack and a prominent voice on US-China tech relations, dives into the biggest tech stories of 2023. He discusses the fierce ongoing chip war and the race for AI model dominance. Xu highlights the booming electric vehicle market in China and the rise of platforms like PDD and Temu. TikTok's resilience amidst regulatory scrutiny also gets a spotlight, showcasing its unexpected staying power in an ever-evolving tech landscape.
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TikTok and Temu's Unexpected Success
- TikTok and Temu, both Chinese tech firms, continue to thrive in the US market despite previous predictions of their demise.
- This contradicts earlier expectations of regulatory restrictions on Chinese tech in the US.
Outrage vs. Action
- Congressional outrage doesn't always translate into concrete action, as seen with TikTok's continued presence.
- Commercial interests and short political attention spans can hinder regulatory efforts.
Splintering of VC Firms
- Sequoia and GGV Capital, cross-border VC firms, have split due to US government scrutiny of their Chinese portfolios.
- This demonstrates a tangible impact of US-China decoupling in the venture capital space.