From the article: "Hong Kong(CNN Business)China has cut its global tech champions down to size, cracking down on antitrust abuses and undue risk taking. But the heavy-handed approach could backfire on Beijing by stifling an entrepreneurial spirit that has proven vital to the country's rapid economic rise."
Can America still lead the world in cryptocurrency grifting without a new Elon Musk?
But seriously, this is the Great CEO Theory of history. There are still some inventors working by themselves to make new things, but they aren't doing Edison/Tesla-level inventing anymore. Anything sufficiently complicated is "invented" by a group of people, usually working with public funds.