Thread by @levelsio

🤳 TikTok is now the most watched video app in U.S., surpassing YouTube

🛍 SHEIN is now the biggest fast-fashion retailer in the U.S., surpassing H&M, Zara and Forever 21

🕹 PUBG is the most played game

Chinese companies are silently ending U.S. tech dominance

Sources:
TikTok (by ByteDance CN): bbc.co.uk/news/technolog…
SHEIN CN: retaildive.com/news/shein-sur…
PUBG (by Tencent CN): en.wikipedia.org/wiki/List_of_m…

Have to mention that there's lots of regulatory movement in China now from gov AGAINST Chinese tech companies now of course:

bloomberg.com/news/articles/…

But I think that's a short term thing, and so does Cathie Wood from ARK scmp.com/business/compa…

Also I think regardless if people in the West like this, or like China for that matter (e.g. human rights, camps etc.), it's important to understand China won't be dominant in some far away future, it's already dominating right now and it doesn't seem like that'll change soon

Chinese companies increasingly dominating the U.S. in tech now also fits the larger narrative of U.S. losing geopolitical relevance, like losing the Afghan war a month ago. It all ties together I think

*correction:

"Data from App Annie indicates that average time per user spent on the apps is higher for TikTok, indicating high levels of engagement.

However, YouTube retains the top spot for overall time spent - not per user - as it has many more users overall."