Alphabet’s self-driving car subsidiary, Waymo, has kicked off speculation about its ambitions for the Chinese market by creating a small outpost in Shanghai.
What’s it mean?: If Waymo is aiming to break into China, then this would be a very preliminary step. The new office might also be something less exciting: a means of working with Chinese hardware suppliers for instance.
Auto revolution: T hat said, it would make a lot of sense for Waymo to target China. It is the world’s largest auto market and a hotbed of technology and market innovation. And while Google’s plans to re-enter the Chinese market have proven controversial, the truth is that China cannot be ignored by any tech company that wants to a global force.
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