One thing that&#x27;s amazing about China is the size of the market makes it a perfect test bed for new product and business strategies.<p>Look at what Tencent did with QQ and WeChat, the kind of feature experiment they run on a monthly basis alone is mind boggling.<p>Look at what Kuaidi and Didi did to work WITH the taxi industry and be profitable, instead of fighting against the taxi industry head on like Uber is trying to do.<p>These kind of &quot;soft&quot; innovations are just as important as &quot;hard&quot; innovations such as a new processor design. In fact these kind of innovations are more interesting to me because they are very often not predictable and nobody has a solid &quot;roadmap for business model&quot;, unless hard, tech roadmaps.