[ABACUS] Compared with their Western competitors, Chinese companies have a particular edge in developing regions. Companies like Alibaba and Tencent, which started in the late 1990s, have already overcome challenges facing developing and emerging markets today. These countries often have inefficient payment systems, poor logistics networks and lower incomes.
Some Chinese companies have struck gold by offering innovative products at lower prices. Smartphone makers such as Xiaomi, Oppo and Vivo have become popular in India thanks to their good value for money. Lesser-known Chinese companies are now becoming stars in Africa.
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