Relatively advanced Mobile Market of China didn’t get stunned by Apple (NASDAQ:AAPL)

The ecosystem of payments that has been recently introduced by Apple (NASDAQ:APPL) for their brand new iPhone 6 did not match the level of innovation when compared to the Chinese mobile market. The Chinese mobile market, which is very advanced when compared to other markets around the world, has mobile payment features introduced by Apple (NASDAQ:APPL) already present.

At the Silicon Dragon Talk, the famous venture capitalist of Qiming Ventures, namely Gary Rieschel, was reported to be saying that the payment articles that came down from Apple(NASDAQ:APPL) are not as financially advanced as one might have hoped because they cannot compete with the level of modernism that the Chinese market is used to. According to him the companies in China that are in competition with Apple (NASDAQ:APPL) have nothing to be worried about, because it is not something that would sweep the customers off their feet.

Even though Apple(NASDAQ:APPL) has failed to reach the level of creativity and advancements Rieschel still believes that the new iPhone certainly has the class that is going to bring in customers used to quality and keep the revenue stream for company from running dry. He believes that people would be very eager to upgrade to the newest piece of smartphone from Apple (NASDAQ:APPL) because they are already users and their phone is at least two years ago. This will give the company a good and steady rise in sales revenue.

A partner at Kia-Fu Lee’s innovation Works from San Francisco, Chris Evdemon, believes that there is going to be 180 degree turn in the innovation tide to Republic of China from the United States of America especially in the area regarding the consumer mobile. According to him the applications for mobiles which originate from China, have somehow managed to surpass their counterparts from the western world and this is because the developers have to deal with consumers that are a lot tougher to deal with. They want things for minimum or no cost and would switch in a jiffy as there is no concept of customer loyalty. On the other side of the world, the developers in the United States of America are ahead of their counterparts in China when it comes to the B2B enterprise market; as stated by Chris Evdemon, who had been working in the capital of China, Beijing, until last year.

The reason behind the stream of ideas flowing between these two countries is because the number of Chinese engineers who are working in the Silicon Valley is quiet colossal. These engineers, as pointed out by Chris Evdemon, who are leading various projects at the Silicon Valley, also keep an eye out at what is happening in China and monitor developments carefully to bring out the best of both worlds.

Apple(NASDAQ:APPL) is a huge multinational corporation based in the United States of America and it takes pride in being one of the top supplier of world class electronics and software.