Chinese Internet companies are uniquely innovative but are perceived by outsiders as mere copycats: Baidu is the “Chinese Google”, Alibaba is the “Chinese Amazon”. Yet this simple picture does not capture the reality of how Chinese internet companies have become intrinsic people’s lives. To call WeChat a messaging service, as if it is merely a WhatsApp knockoff, is to misunderstand it. WeChat is WhatsApp plus Facebook plus Instagram plus Paypal plus Apple Pay plus Wattpad plus Uber plus Visa plus Fidelity Investments.
But there may be another reason for these companies’ success other than circumstance: simply, they are Chinese.