Azeem Azhar

But China is also, the ecosystem is cracking along with more vertical apps

taking advantage of the ability to get lots of users and from lots of users, lots of data.

A great example is Apollo, which is the self-driving car consortium.

I actually spent some nice time with the chairman of Apollo.

It's running in Wuhan and we've written about it.

You should go and check it out in the

exponential view archives, it's essentially profitable on a unit cost basis.

Running these cars roughly meant to cost about $11,000 across that city.

So you've got this example where there is quite an advanced and mature vertical application.

But I also had a couple of great conversations in the education and health space.

Now, the reason these are interesting, and I think they're really interesting for a

American audiences is that we are familiar with the problem of cost disease in services in the US where a whole load of things have got much, much cheaper where you apply technology to them, whether it's cell phones or computers or TVs.

And there are a bunch of things, healthcare and education, which are getting more and more expensive.

And one of the arguments from Silicon Valley is that it's because technology has not had a chance to disrupt those areas for

bring higher quality at lower cost.

And that once it is able to do that, we will start to see really, really substantial, substantial changes in the way those services get delivered.

Well, what's happened in China is that there have been examples, some examples of that happening at scale.

So I was able to speak to the chair of Yidu Tech, which is a healthcare company, Gong Rujing, and their scale is quite something.

They've analyzed 5.5 billion authorized medical records covering nearly a billion patients.

As of last year, nearly 28 million people had completed at least one interaction with their healthcare platform.