• This Chinese tech investor carries no cash and no credit cards and he says it's a sign of why American startups have fallen behind

    2 monthes ago - By Business Insider

    Kai-Fu Lee has a lesson to offer US tech execs about doing business in China, a market where success has eluded most of them for decades.
    US managers operating in China need to adopt more of the local businesses practices, or else homegrown rivals will outmaneuver them at every turn, Lee said.
    An added benefit of studying Chinese entrepreneurs is that they might teach US counterparts something that can help back at home.
    After all, China has succeeded in a couple of tech segments where Silicon Valley has failed.
    US internet services and tech products have largely failed to catch on in...
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