You go on Facebook and you can’t even buy anything, but on WeChat and Weibo you can buy anything you see
A more recent trend: live-streaming sites where people pay real money to reward performers with virtual gifts. (You sang beautifully, here’s a digital Lamborghini, dear.)
I might grant the first (with reservations), but the second is laughable (and was tried without success here in the early days of social networking). I can't help but think this article should be titled "Chinese internet companies flourish in Chinese market". Well duh - even aside from the "virtual protectionism" of the GFW, Chinese companies are more likely to understand the preferences of Chinese consumers than non-Chinese companies. This is important, but it isn't exactly tech innovation.
How many HN startups are localizing to Mandarin? Language alone provides a massive market barrier that leaves opportunity for regional companies to thrive. But that barrier works both ways - what Chinese internet companies are thriving in the world marketplace? The best example I can think of is Alibaba, but that is strongly tied to Chinese manufacturing. Is anyone using WeChat or Weibo outside mainland China?
I personally am very excited and encouraged by the emergence of China as a modern, educated populace. Great things will come from bringing another 1 billion humans online and contributing to the world marketplace - tech is one of the great positive-sum games. I'm looking forward to it! But this article is a pretty poor illustration.
Also, as a Norteamericano, I'm deeply offended by statements like "America want's to believe China can't..." - we're not all xenophobic Trump supporters, not even most of us.