China's Biggest Startups Ditch Oracle and IBM for Home-Made Tech

For years, companies like Oracle and IBM invested heavily to build new markets in China for their industry-leading databases. Now, boosted in part by escalating U.S. tensions, one Chinese upstart is stepping in, winning over tech giants, startups and financial institutions to its enterprise software. From a report: Beijing-based PingCAP already counts more than 300 Chinese customers. Many, including food delivery giant Meituan, its bike-sharing service Mobike, video streaming site iQIYI and smartphone maker Xiaomi are migrating away from Oracle and IBM's services toward PingCAP's, encapsulating a nation's resurgent desire to Buy China. PingCAP's ascendancy comes as the U.S. cuts Huawei off from key technology, sending chills through the country's largest entities while raising questions about the security of foreign-made products. That's a key concern as Chinese companies modernize systems in every industry from finance and manufacturing to healthcare by connecting them to the internet.

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