Earlier quoted context omitted.
I know people like to say that it is American companies that innovate and Chinese companies just copies. This may be true in certain areas, but I think some Chinese companies do take the idea and then they iterate on the product to the point that it outshines the original product all while the original company refuses to act. Sure there are initial product R&D cost overheads but I don't believe that's the only reason…
I generally think both attitudes are a too simplistic look. Basically, the most common pattern with „commodity“ tech seems to be like this. Western companies go ahead and expend a lot of R&D to establish a new market or validate a market need. Chinese companies go ahead and flood the market with slighly worse but significantly cheaper versions of said product (often forcing the „inventor“ company to take a significan…
The west was extremely foolish to think that IP would scale beyond national markets for very long.