Then how come those "better innovative" Chinese companies have not made it outside China? Lool nobody knows or even heard about them apart from some Chinese in China. Lol How are they better than Lenovo then?
If they are better they should be able to outsell and outcompete lenovo in China itself yet ecen in China Lenovo is number 1 in their segment/industry much less the world. To be honest, most Chinese companies find it hard to be a global company or a multinational one (even those who are successful in China), seems they often lack that global appetite and appeal compared to American companies who constantly dominate in the US and the world. In fact most American companies startup with the global market in mind, Few Chinese companies have that mindset , most are limited in their thinking and mindset only in China/locally(not blaming them though just making an observation). Explains why very few breakout and are successful. Even tencent who is huge in China has barely any brand presence outside China. Lol
So still have to give it to Lenovo for being only a couple of Chinese companies who have made it not just locally but globally as well. The others are sleeping or something. Lol
I agree that Chinese companies are usually targeting China first before taking on the rest of the world, while American companies usually have a more global mindset to begin. However, I think you are quite incorrect in thinking there are "few" companies with a global footprint, it is much larger than you realize.
There are many Chinese companies with a global footprint, but they are not consumer facing, for example you have Fuyao automotive glass with manufacturing in China, US, and Germany, LK Industrial is supplying the Gigapress to Tesla (Directly in China, through subsidiary Idra SpA in USA), of course Huawei networking.
In other cases you have branding or OEM deals, ie. GE Appliances is a brand of Haier (also huge global footprint), or HikVision which sells a great deal of their goods to resellers.
Basically only recently did Chinese companies have fully professional management. 20 years ago, it's still common to find executives without formal education, or working up from the factory floor. They simply lacked the global experience to create global success. Often they would venture outside of China and face "culture shock". Acquisitions often failed due to management clashes. Chinese managers are now much more well-travelled, Chinese education has more global focus (ie. professors from all over the world), and executives might have foreign education credentials. You see DJI and TikTok quickly became leaders in the field.
I am not saying that Chinese companies are the best in the world, but in recent years, many Chinese companies have indeed succeeded outside of China. Huawei, Oppo, Vivo, Xiaomi, BYD, DJI, TCL, Hisense, Temu, Shein, Lenovo, and TikTok are some examples. China still has a long way to go, but as far as I can tell, the only countries that have more successful multinational brands than China are the USA, Germany, and Japan.
I would add Korea is okay, but they have very few brands owing to their Chaebol economic policy where basically everything is owned by LG, Samsung, or Hyundai groups.