China’s Biggest Startups Ditch Oracle and IBM for Home-Made Tech
- PingCAP’s open-source database lures tech giants like Meituan
- Big Chinese finance firms mull shift to PingCAP amid trade war
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For years, companies like Oracle and International Business Machines 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.