As China doubles down on its goal to achieve supremacy with national high-tech champions that can compete globally, separate spheres of power are forming: China in Asia and the US in the West.

China's tech giants are getting ahead quickly in the fast-growing Asian region ─ proximity and consumer familiarity with Chinese brands and digitally advanced features helps. Meanwhile, several American technology leaders continue to be blocked from China, and have not been as aggressive as the Chinese in entering Southeast Asia.  The tech universe of the future will be regional innovation powerhouses moving in parallel with neither dominating worldwide.

Today, I am hearing the issue of growing US-China competition discussed more often among business leaders, policy makers and venture investors. At the recent China Insitute conference, David Chen of AngelVest questioned why there is so much talk about "us versus them."  Chen and others who practice in this cross-border investment alley wonder why it can't be more "us."

The result of this mutual distrust already is leading to different tech worlds vying for leadership. This trend, as it evolves, could hamper tech innovation globally, hardly a favorable outcome, points out Gary Rieschel of Qiming Venture Partners.