Kaifu Lee speaks to the BBC about the state of innovation in China, and what’s currently lacking in terms of how it develops technology:
Companies like Apple and Google are innovative from their very roots, built to change the world and with people willing to take big risks. The US has a culture tolerant of failure, driven by individual passion. Companies are not started to make money or make the founders a billionaire, but to build great technology. China is in a state where entrepreneurs’ major desire is to gain influence and wealth.
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