I disagree, China is a massive intra market that breeds the best companies— it’s how DJI and shein dominated the west so quickly because they’d already had to survive in the Chinese market in the first place.
Alibaba being a monopoly was acting like Google and Facebook and stifling competition and not contributing to innovation but rather, sitting on rentier money and thereby stifling competition and innovation. Why was google so shocked at Microsoft and chatGPT? If they lived up to their own hype they wouldn’t have been so shocked such that they along with all the other tech giants are cutting back and laying off staff.
Microsoft itself is a big dominant "monopoly". It so happens that microsoft has been doing better than google in recent AI software. Microsoft has their own search engine software competing against google, in addition to their Windows, Office, gaming and cloud software etc. All these various products have allowed microsoft to remain competitive.