The popularity and subsequent growth of these platforms are big enablers of the local digital economy, which has a total output worth over US$4.7 trillion, according to the China Academy of Information and Communications Technology (CAICT). But China is also home to some of the biggest internet giants in Asia, and the country has its own localized alternative for practically every one of those platforms– plus a few additional ones that is unique to the local culture dynamic. Limited by what’s called the country’s Great Firewall, most of China cannot access Google, Facebook, YouTube, Twitter and more. Any company that wants to do business in Asia’s largest economy, however, needs to understand one thing: China’s internet economy is closed off, and despite more recent trade loosening, some of the most used internet platforms in the world are not accessible in China. Popular Chinese apps and services might seem familiar to people outside of China too – some of the most popular are similar to foreign platformsĮven with the recent economic impacts from its trade war with the US and the aftereffects of its pandemic fallout, China is still the second-biggest economy in the world.
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