You need to adjust for market size, competition and GDP growth.
US at dot.com peak was already very competitive market. Chinese technology sector and markets are still undeveloped. Even decreasing GDP growth is almost double what US growth was during the bubble. This increases profit potential.
Comments
You need to adjust for market size, competition and GDP growth.
US at dot.com peak was already very competitive market. Chinese technology sector and markets are still undeveloped. Even decreasing GDP growth is almost double what US growth was during the bubble. This increases profit potential.