Kai-Fu Lee has a fairly unique perspective on the tech industry, having spent years in high roles at Apple, Microsoft, and Google. Lee spent six years as VP of Apple's Interactive Media Group, before moving on to be chosen as the guy to forge first Microsoft's and then Google's inroads into China. Then, in mid-2009, Lee left Google (where the former professor and computer scientist had been involved with Google.cn and beyond for over four years) amidst the growing criticism in Western media of China's Internet policy, specifically in regards to the Golden Shield, or the Great Firewall of China, as it is fondly known. Lee bowed out of Google seemingly at just the right time to turn his focus from the behemoths to the little guys, founding Innovation Works, an early-stage incubator for Chinese startups. Since 2009 the incubator has been solely focused on investing in and coaching young entrepreneurs in the Chinese market, and today the incubator announced that it has raised $180 million to create the so-called "Innovation Works Development Fund" (IWDF). The fund is the first dollar-based fund raised by the company to be focused on Chinese Internet startups. Source: http://feedproxy.google.com/~r/Techcrunch/~3/vSiVjtA--wA/
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NFC will be ubiquitous one day, but we still have quite a ways to go. Unlike other smartphone features, this requires adoption on a huge scale from just about everyone, which will definitely take a while. But we are getting closer. While Sprint fiddles with its Google Wallet, Verizon, AT&T and T-Mobile have reportedly made plans to invest upwards of $100 million in their