Apple Pay Is Not Innovative Compared to What’s Happening in China

With Apple’s fanfare announcement of Apple Pay on new iPhone6 and Apple Watch, Gary Rieschel of Qiming Ventures seemed unimpressed and said it was a non-event in China as Alipay and Tenpay had been doing exact that for years.

Watch the Silicon Dragon show:

Are we seeing a reversing tide when it comes to innovation in consumer and mobile sectors? Your comments are welcome.