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SZOIL founder David Li calls this the expression of “China as a service.” Instead of having to learn to build electric scooters, Joyor, Grin, Bird, and Lime can focus on the work that requires local knowledge, like distribution and getting permits from city governments.
Shenzhen flooded the world with cheap gadgets. Can it now become what Silicon Valley never did—a global hub of innovation, entrepreneurship, and manufacturing?