A tech war has raged in China, and a winner seems ready to emerge. It's Tencent--a controversial, $139 billion company with nearly a billion users, which functions like Facebook, Amazon, Twitter, and Uber all rolled into one. Now it's gunning for global expansion.
A recent, widely circulated study found that one-third of Americans who bought a wearable tech product ditched it within six months. So why are companies as diverse as Google, Nike, Pepsi, and Disney pumping plenty of cash--and new life--into the technology.