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The sheer size of the market and the untapped opportunities has drawn many large foreign corporations to China. But to compete with local companies, survive, and thrive in the world’s second-largest economy is a daunting mission. Collaborating with young tech startups has become a way for these large corporations to keep up with innovation and China’s rapidly evolving landscape.

“Our business in China does not have the same amount of resources that our business, for example, in the US does. So, the startups are helping us to fill that gap, and actually be—in my opinion—in some areas, cutting-edge,” Ben Hassing, senior vice president of global cross-border trade at Walmart, told TechNode in an interview at the Emerge by TechNode conference last week in Shanghai.

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Nicole Jao

Nicole Jao is a reporter based in Beijing. She’s passionate about emerging trends, news, and stories of human interest within the world of technology. Connect with her on Twitter or via email: nicole.jao.iting@gmail.com.