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 .p017 Tencent peaked near $1T in 2021, dropped, regained in 2026
 .p017 [[ https://en.wikipedia.org/wiki/WeChat | WeChat ]] IM. social media, and mobile payment for smartphones
 .p018 everyone in China uses !WeChat, essential for smartphones
 .p019 Tencent now major multinational investor in gaming companies
 .p020 Tencent Pictures produces US franchise movies; Terminator etc
 .p021 investments in [[ https://en.wikipedia.org/wiki/Moon_Express | Moon Express ]] and [[ https://en.wikipedia.org/wiki/Planetary_Resources | Planetary Resources ]] (defunct 2018)
 .p022 in 2024 more investment flows out of China $163B than in $18.6B
 .p022 DoD added [[ https://en.wikipedia.org/wiki/International_Data_Corporation| International Data Group ]] to list of Chinese military companies
 .p023 US and China venture firms face saturated domestic markets
 .p024 [[ https://en.wikipedia.org/wiki/Aixtron | Aixtron ]] - German CVD manufacturing equipment [[ https://aixtron.com/ | website, ]] China acquisition blocked
 .p024 [[ https://neura-robotics.com/ | Neura Robotics, ]] China acquisition blocked [[ https://en.wikipedia.org/wiki/Neura_Robotics | wikipedia ]]
 .p025 [[ https://hoxtonventures.com/team-member/hussein-kanji/ | Hussein Kanji ]] V.C. "We can't play there but they can play here"
 .p025 [[ https://en.wikipedia.org/wiki/Lilium_Jet | Lilium ]] Munich flying car company, insolvent 2024
 .p026 US and Europe proclaim decoupling from China while increasing trade by 25%
 .p027 Tencent divested of 5% stake in Tesla
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The New Geography of Innovation

The Global Contest for Breakthrough Technologies


.p001 Introduction , Cpitalism with an Emoji Face

  • p009 Fig 1: Top ten #private >$B tech companies - US 1720, China 438, UK 183, Israel 119, India 117 ... 10

  • p010 Fig 2: Top ten venture dollars invested - US 190.2, China 38.5 , UK 16.2, India 13.5, ... 3.4
  • p012 Fig 4: WIPO Global Innovation Index - Switzerland 66, Sweden 62.6, US 61.7, ... 56.6 China


.p015 Ch1 . The Precocious Student

  • p015 David Wallerstein at Naspers then Tencent

  • p016 UC Berkeley grad
  • p017 Tencent peaked near $1T in 2021, dropped, regained in 2026
  • p017 WeChat IM. social media, and mobile payment for smartphones

  • p018 everyone in China uses WeChat, essential for smartphones

  • p019 Tencent now major multinational investor in gaming companies
  • p020 Tencent Pictures produces US franchise movies; Terminator etc
  • p021 investments in Moon Express and Planetary Resources (defunct 2018)

  • p022 in 2024 more investment flows out of China $163B than in $18.6B
  • p022 DoD added International Data Group to list of Chinese military companies

  • p023 US and China venture firms face saturated domestic markets
  • p024 Aixtron - German CVD manufacturing equipment website, China acquisition blocked

  • p024 Neura Robotics, China acquisition blocked wikipedia

  • p025 Hussein Kanji V.C. "We can't play there but they can play here"

  • p025 Lilium Munich flying car company, insolvent 2024

  • p026 US and Europe proclaim decoupling from China while increasing trade by 25%
  • p027 Tencent divested of 5% stake in Tesla
  • p028 Wallerstein

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.p055 Ch2 . Steeples of Excellence

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.p097 Ch3 . Busting Monasteries

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  • p115n Radix Blog 2018 Feb. 8 "Why blockchains don't scale"

    • "Every node processes each and every transaction, keeping a record of the entire blockchain."
    • Wrong! Neither Mehran Gul nor blogger Dan Hughes mentions Merkel Trees, which is how many individual transaction hashes are combined into trees of hierarchical hashes and and one root hash. For a binary tree of N transactions, the hash process to VERIFY ONE individual transaction uses order log2(N) time. Tracing a single transaction out of a million transactions takes only twice as long as one out of a thousand transactions, and one out of a trillion takes only twice as long as a million. Meanwhile, computation continues to get faster, hence as the tree grows from a million to a trillion, the hardware speed will more than double, and the verification time will become smaller.

    • Organizing and distributing all that data is a challenge; the global cost of that may be much larger than the block reward in bitcoins, but that cost is distributed among thousands (millions?) of miners and aggregators
  • p116n 2014 New Yorker, 2024 Dec. 15 John Colapinto "Material Question"
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  • here is where I stopped reading; another library patron wants the book. The book isn't great, so I may not request it again



.p137 Ch4 . Hyper Gap

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.p168 Ch5 . Smart Nation

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.p201 Ch6 . Small Wonder

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.p236 Ch7 . The New Mittelstand

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.p267 Ch8 . Importing Genius

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.p300 Conclusion . Social Animals

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GeographyInnovation (last edited 2026-06-23 06:46:24 by KeithLofstrom)