Race Capital Partner Edith Yeung speaks with Emily Chang about the regulatory tightening happening in China's tech sector and how US tech giants have responded to web3 & blockchain challengers.
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Francisco Gimeno - BC Analyst China is a completely different territory from any other in the digital world. With their own Digital Great Wall, but also with their own very tight regulatory conditions, where non Chinese tech companies find extremely difficult to invest, and Chinese companies have to compete very hard to get at the top. When we need global regulatory bodies to manage crypto and the digital economy, China goes its own way even when they have to collaborate with others outside China. On the other hand many global corporations are finding their way to Web3 and the blockchain, in a very slow way. Some kind of "just seeing what is this", there in more advanced states, preparing for what can be the new age of the Web.