Excerpt from this article:
Today, China has the world’s only internet companies that can match America’s in ambition and reach. It is years ahead of the United States in replacing paper money with smartphone payments, turning tech giants into vital gatekeepers of the consumer economy. And it is host to a supernova of creative expression — in short videos, podcasts, blogs and streaming TV — that ought to dispel any notions of Chinese culture as drearily conformist. All this, on a patch of cyberspace that is walled off from Facebook and Google, policed by tens of thousands of censors and subject to strict controls on how data is collected, stored and shared.
If people in the West didn’t see this coming, it was because they mistook China’s authoritarianism for hostility toward technology. But in some ways Chinese tech firms are less fettered than American ones. Witness the backlash against Big Data in the United States, the calls to break up giants like Facebook and the anxiety about digital addiction. None of those are big problems for Chinese companies. In China, there is pretty much only one rule, and it is simple: Don’t undermine the state.