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Chinese entrepreneurs are growing from passive learners into leaders in innovation, a leading venture investor has said.

Kai-Fu Lee, chairman and chief executive officer of Sinovation Ventures, a leading venture capital in China, told Xinhua in a recent interview that in general Chinese entrepreneurs have experienced three phrases in innovation.

In the first phrase, Chinese entrepreneurs mainly followed the footsteps of other tech or market leaders, said Lee, who used to work for top tech companies including Apple, Microsoft and Google.