China is to startups, what Australia is to evolution. They are both these amazing walled ecosystems that develop completely independent forms of life (digital or otherwise.)<p>What confuses me is that the Chinese do this in plain sight and yet the American startup ecosystem doesn't seem to give them much mention. I hardly even seen TechCrunch or Pando talking about Chinese startups, while at the same time they are willing to talk about London, Berlin and Tel Aviv startups. I've always wondered if this was because of some latent racism, or because of the foreigness of the Chinese characters.<p>Either way, it's interesting to think that parts of the forefront of innovation isn't being reported (this story aside), and that there's a whole world of technology culture that's developing independently in China in part because of the totalitarian political regime.<p>I, for one, think that digital currencies are going to explode in China - the Chinese love to gamble on things like this, and the Yuan is a joke. I believe that it might just be the most opaque currency in the world. (But I don't know much about all the other ones that are in the running. Nor do I know how much the other currencies are lying.)