How about comparing Baidu and Google, Twitter and Sina Weibo or Didi Chuxing and Uber? Don't think the Chinese are underserved in this area. Besides some geopolitical considerations, why not have make it "locally" or nationally?

I am not arguing for protectionism per-se, but more out of a shared concern that wealth (including opportunity, work and power) in the broadest sense should distributed. A few companies dominating prohibit this – Apple has over $260 billions in the bank. Or Amazon having more than half of all online sales.

Please Google what the top selling cars in India and China are. They are not American or US companies. Once you do that go look into how that happened.