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The best analogy to describe the relationship of science and technology and the Chinese startup scene is to understand its parallels with the United States during the Cold War with the Soviet Union. viewed science and technology as a strategic asset. Building China’s Science and Technology infrastructure.
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It’s not for a lack of technological effort from both startups and huge companies in all of mobile payments’ incarnations – SMS, mobile web, native apps, NFC, etc. But nearly everyone has wrongly placed emphasis on the mobile technology part and not on the payments aspect. Government fiat. Chris Chaten.
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