JD has already employed drones to make thousands of deliveries in China, where regulators haven't been as obstructive. The startup has received approval from five provinces to fly drones so far, and is applying for more. In financial technology, too, this hands-off approach could help Chinese companies outpace their American counterparts. American fintech companies, by contrast, face a complex web of red tape from myriad regulators, state and federal. But China's hands-off approach has created an environment in which startups can experiment with trial-and-error, take on increased risk, and thrive.

Source: Bangkok Post April 27, 2017 21:45 UTC