A few days ago, Bytedance (which is also responsible for TikTok) announced a new model for generating videos. According to an article on Techcrunch, Hollywood isn t happy.
Despite their immense popularity in China, SuperApps (multifunctional platforms that combine services like messaging, payments, shopping, and more into a single app) have yet to gain significant traction in the United States. This discrepancy raises intriguing questions about cultural differences, technological infrastructure, and consumer behavior.
One key factor is the fragmented nature of the United States' financial and tech ecosystem. Unlike China, where Alipay and WeChat Pay dominate the market due to a unified financial system and government support, the US has a diverse array of payment gateways, banks, and fintech solutions. Integrating these into a single SuperApp is not only logistically challenging but also requires navigating complex regulatory landscapes.
Moreover, american consumers have grown accustomed to niche apps tailored for specific tasks: such as Venmo for peer-to-peer payments or Paypal for digital purchases. The US market has also been slower to adopt all-in-one platforms, reflecting a cultural preference for specialized solutions over overarching ones.
Since I haven't been able to meet my work goals very well in the last few quarters, I now plan to approach them more systematically and not push myself too hard on work goals, as that ultimately led to problems that made my plan less sustainable.
