I&#x27;m not sure Beijing is the <i>only</i> true competitor to SV, but it definitely has the combination of educated and motivated young people, huge target market, low cost of living, and tons of floating investment money to do interesting things.  As the author points out, Chinese startups are also much better positioned on the hardware front than their US counterparts because they can easily work directly with factories to produce just about anything with no language, cultural, or time barriers.