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The Next Billion-Dollar Boom in Chinese Tech

As much as the world heralds the success of China tech, it’s confined largely to consumer business. Where the U.S. has Facebook, Amazon and Google, China has Tencent, Alibaba and Baidu. Chinese companies are good at developing applications that help hundreds of millions of consumers shop, pay, chat and play games.

In the enterprise-application market, it’s a different story. China has nothing comparable to Oracle Corp., SAP SE or Salesforce.com Inc.

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