Two Men Rode a Decadelong Tech Wave in China—Only One Is Staying - The Wall Street Journal

1 year ago 35

Updated Oct. 25, 2022 11:52 p.m. ET

Two Chinese entrepreneurs, Derek Li and Rick Chang, separately jumped into the country’s tech roar astir a decennary ago, successful the aboriginal days of Xi Jinping’s rule.

China’s mobile-technology marketplace was exploding, fueled by generous authorities subsidies and a airy interaction from regulators. Their respective businesses benefited greatly from the dynamism successful China’s tech sector, underpinned by Mr. Xi’s propulsion for innovation and entrepreneurship.

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