id	sid	tid	token	lemma	pos
fbem-28640	1	1	frontiers	frontier	NOUN
fbem-28640	1	2	in	in	ADP
fbem-28640	1	3	business	business	NOUN
fbem-28640	1	4	,	,	PUNCT
fbem-28640	1	5	economics	economic	NOUN
fbem-28640	1	6	and	and	CCONJ
fbem-28640	1	7	management	management	NOUN
fbem-28640	1	8	issn	issn	PROPN
fbem-28640	1	9	:	:	PUNCT
fbem-28640	1	10	2766	2766	NUM
fbem-28640	1	11	-	-	PUNCT
fbem-28640	1	12	824x	824x	NUM
fbem-28640	1	13	|	|	ADJ
fbem-28640	1	14	vol	vol	NOUN
fbem-28640	1	15	.	.	PROPN
fbem-28640	1	16	17	17	NUM
fbem-28640	1	17	,	,	PUNCT
fbem-28640	1	18	no	no	INTJ
fbem-28640	1	19	.	.	NOUN
fbem-28640	1	20	3	3	NUM
fbem-28640	1	21	,	,	PUNCT
fbem-28640	1	22	2024	2024	NUM
fbem-28640	1	23	386	386	NUM
fbem-28640	1	24	the	the	DET
fbem-28640	1	25	role	role	NOUN
fbem-28640	1	26	of	of	ADP
fbem-28640	1	27	venture	venture	NOUN
fbem-28640	1	28	capital	capital	NOUN
fbem-28640	1	29	in	in	ADP
fbem-28640	1	30	fintech	fintech	NOUN
fbem-28640	1	31	startup	startup	NOUN
fbem-28640	1	32	growth	growth	NOUN
fbem-28640	1	33	:	:	PUNCT
fbem-28640	1	34	a	a	DET
fbem-28640	1	35	comparative	comparative	ADJ
fbem-28640	1	36	study	study	NOUN
fbem-28640	1	37	of	of	ADP
fbem-28640	1	38	china	china	PROPN
fbem-28640	1	39	and	and	CCONJ
fbem-28640	1	40	the	the	DET
fbem-28640	1	41	u.s	u.s	PROPN
fbem-28640	1	42	.	.	PROPN
fbem-28640	1	43	markets	market	NOUN
fbem-28640	1	44	and	and	CCONJ
fbem-28640	1	45	cultures	culture	NOUN
fbem-28640	1	46	xiaowen	xiaowen	PROPN
fbem-28640	1	47	guo	guo	PROPN
fbem-28640	1	48	the	the	DET
fbem-28640	1	49	department	department	PROPN
fbem-28640	1	50	of	of	ADP
fbem-28640	1	51	economics	economic	NOUN
fbem-28640	1	52	in	in	ADP
fbem-28640	1	53	harpur	harpur	PROPN
fbem-28640	1	54	college	college	PROPN
fbem-28640	1	55	,	,	PUNCT
fbem-28640	1	56	state	state	NOUN
fbem-28640	1	57	university	university	PROPN
fbem-28640	1	58	of	of	ADP
fbem-28640	1	59	new	new	PROPN
fbem-28640	1	60	york	york	PROPN
fbem-28640	1	61	at	at	ADP
fbem-28640	1	62	binghamton	binghamton	PROPN
fbem-28640	1	63	,	,	PUNCT
fbem-28640	1	64	vestal	vestal	PROPN
fbem-28640	1	65	,	,	PUNCT
fbem-28640	1	66	13850	13850	NUM
fbem-28640	1	67	,	,	PUNCT
fbem-28640	1	68	the	the	DET
fbem-28640	1	69	united	united	PROPN
fbem-28640	1	70	states	states	PROPN
fbem-28640	1	71	xguo2@binghamton.edu	xguo2@binghamton.edu	PROPN
fbem-28640	2	1	abstract	abstract	NOUN
fbem-28640	2	2	:	:	PUNCT
fbem-28640	2	3	this	this	DET
fbem-28640	2	4	paper	paper	NOUN
fbem-28640	2	5	examines	examine	VERB
fbem-28640	2	6	the	the	DET
fbem-28640	2	7	role	role	NOUN
fbem-28640	2	8	of	of	ADP
fbem-28640	2	9	venture	venture	NOUN
fbem-28640	2	10	capital	capital	NOUN
fbem-28640	2	11	(	(	PUNCT
fbem-28640	2	12	vc	vc	NOUN
fbem-28640	2	13	)	)	PUNCT
fbem-28640	2	14	in	in	ADP
fbem-28640	2	15	fostering	foster	VERB
fbem-28640	2	16	fintech	fintech	NOUN
fbem-28640	2	17	startup	startup	NOUN
fbem-28640	2	18	growth	growth	NOUN
fbem-28640	2	19	,	,	PUNCT
fbem-28640	2	20	with	with	ADP
fbem-28640	2	21	a	a	DET
fbem-28640	2	22	particular	particular	ADJ
fbem-28640	2	23	focus	focus	NOUN
fbem-28640	2	24	on	on	ADP
fbem-28640	2	25	the	the	DET
fbem-28640	2	26	cultural	cultural	ADJ
fbem-28640	2	27	and	and	CCONJ
fbem-28640	2	28	market	market	NOUN
fbem-28640	2	29	structure	structure	NOUN
fbem-28640	2	30	differences	difference	NOUN
fbem-28640	2	31	between	between	ADP
fbem-28640	2	32	china	china	PROPN
fbem-28640	2	33	and	and	CCONJ
fbem-28640	2	34	the	the	DET
fbem-28640	2	35	u.s	u.s	PROPN
fbem-28640	2	36	.	.	PROPN
fbem-28640	2	37	fintech	fintech	NOUN
fbem-28640	2	38	startups	startup	NOUN
fbem-28640	2	39	are	be	AUX
fbem-28640	2	40	transforming	transform	VERB
fbem-28640	2	41	traditional	traditional	ADJ
fbem-28640	2	42	financial	financial	ADJ
fbem-28640	2	43	services	service	NOUN
fbem-28640	2	44	through	through	ADP
fbem-28640	2	45	technological	technological	ADJ
fbem-28640	2	46	innovation	innovation	NOUN
fbem-28640	2	47	.	.	PUNCT
fbem-28640	3	1	still	still	ADV
fbem-28640	3	2	,	,	PUNCT
fbem-28640	3	3	their	their	PRON
fbem-28640	3	4	growth	growth	NOUN
fbem-28640	3	5	is	be	AUX
fbem-28640	3	6	influenced	influence	VERB
fbem-28640	3	7	by	by	ADP
fbem-28640	3	8	the	the	DET
fbem-28640	3	9	distinct	distinct	ADJ
fbem-28640	3	10	regulatory	regulatory	ADJ
fbem-28640	3	11	landscapes	landscape	NOUN
fbem-28640	3	12	,	,	PUNCT
fbem-28640	3	13	competitive	competitive	ADJ
fbem-28640	3	14	pressures	pressure	NOUN
fbem-28640	3	15	,	,	PUNCT
fbem-28640	3	16	and	and	CCONJ
fbem-28640	3	17	cultural	cultural	ADJ
fbem-28640	3	18	contexts	context	NOUN
fbem-28640	3	19	in	in	ADP
fbem-28640	3	20	each	each	DET
fbem-28640	3	21	market	market	NOUN
fbem-28640	3	22	.	.	PUNCT
fbem-28640	4	1	in	in	ADP
fbem-28640	4	2	china	china	PROPN
fbem-28640	4	3	,	,	PUNCT
fbem-28640	4	4	a	a	DET
fbem-28640	4	5	rapidly	rapidly	ADV
fbem-28640	4	6	growing	grow	VERB
fbem-28640	4	7	fintech	fintech	NOUN
fbem-28640	4	8	sector	sector	NOUN
fbem-28640	4	9	benefits	benefit	NOUN
fbem-28640	4	10	from	from	ADP
fbem-28640	4	11	strong	strong	ADJ
fbem-28640	4	12	government	government	NOUN
fbem-28640	4	13	support	support	NOUN
fbem-28640	4	14	,	,	PUNCT
fbem-28640	4	15	widespread	widespread	ADJ
fbem-28640	4	16	financial	financial	ADJ
fbem-28640	4	17	inclusion	inclusion	NOUN
fbem-28640	4	18	,	,	PUNCT
fbem-28640	4	19	and	and	CCONJ
fbem-28640	4	20	the	the	DET
fbem-28640	4	21	integration	integration	NOUN
fbem-28640	4	22	of	of	ADP
fbem-28640	4	23	digital	digital	ADJ
fbem-28640	4	24	platforms	platform	NOUN
fbem-28640	4	25	into	into	ADP
fbem-28640	4	26	daily	daily	ADJ
fbem-28640	4	27	life	life	NOUN
fbem-28640	4	28	,	,	PUNCT
fbem-28640	4	29	leading	lead	VERB
fbem-28640	4	30	to	to	ADP
fbem-28640	4	31	a	a	DET
fbem-28640	4	32	dynamic	dynamic	ADJ
fbem-28640	4	33	yet	yet	CCONJ
fbem-28640	4	34	highly	highly	ADV
fbem-28640	4	35	competitive	competitive	ADJ
fbem-28640	4	36	environment	environment	NOUN
fbem-28640	4	37	dominated	dominate	VERB
fbem-28640	4	38	by	by	ADP
fbem-28640	4	39	tech	tech	NOUN
fbem-28640	4	40	giants	giant	NOUN
fbem-28640	4	41	like	like	ADP
fbem-28640	4	42	alibaba	alibaba	PROPN
fbem-28640	4	43	and	and	CCONJ
fbem-28640	4	44	tencent	tencent	NOUN
fbem-28640	4	45	.	.	PUNCT
fbem-28640	5	1	by	by	ADP
fbem-28640	5	2	contrast	contrast	NOUN
fbem-28640	5	3	,	,	PUNCT
fbem-28640	5	4	the	the	DET
fbem-28640	5	5	u.s	u.s	PROPN
fbem-28640	5	6	.	.	PROPN
fbem-28640	5	7	fintech	fintech	NOUN
fbem-28640	5	8	market	market	NOUN
fbem-28640	5	9	operates	operate	VERB
fbem-28640	5	10	within	within	ADP
fbem-28640	5	11	a	a	DET
fbem-28640	5	12	mature	mature	ADJ
fbem-28640	5	13	financial	financial	ADJ
fbem-28640	5	14	system	system	NOUN
fbem-28640	5	15	with	with	ADP
fbem-28640	5	16	established	establish	VERB
fbem-28640	5	17	regulatory	regulatory	ADJ
fbem-28640	5	18	frameworks	framework	NOUN
fbem-28640	5	19	and	and	CCONJ
fbem-28640	5	20	a	a	DET
fbem-28640	5	21	higher	high	ADJ
fbem-28640	5	22	emphasis	emphasis	NOUN
fbem-28640	5	23	on	on	ADP
fbem-28640	5	24	compliance	compliance	NOUN
fbem-28640	5	25	,	,	PUNCT
fbem-28640	5	26	innovation	innovation	NOUN
fbem-28640	5	27	,	,	PUNCT
fbem-28640	5	28	and	and	CCONJ
fbem-28640	5	29	longterm	longterm	VERB
fbem-28640	5	30	sustainability	sustainability	NOUN
fbem-28640	5	31	.	.	PUNCT
fbem-28640	6	1	this	this	DET
fbem-28640	6	2	study	study	NOUN
fbem-28640	6	3	explores	explore	VERB
fbem-28640	6	4	how	how	SCONJ
fbem-28640	6	5	vc	vc	NOUN
fbem-28640	6	6	strategies	strategy	NOUN
fbem-28640	6	7	differ	differ	VERB
fbem-28640	6	8	between	between	ADP
fbem-28640	6	9	these	these	DET
fbem-28640	6	10	markets	market	NOUN
fbem-28640	6	11	,	,	PUNCT
fbem-28640	6	12	highlighting	highlight	VERB
fbem-28640	6	13	the	the	DET
fbem-28640	6	14	hands	hand	NOUN
fbem-28640	6	15	-	-	PUNCT
fbem-28640	6	16	on	on	ADP
fbem-28640	6	17	involvement	involvement	NOUN
fbem-28640	6	18	of	of	ADP
fbem-28640	6	19	chinese	chinese	ADJ
fbem-28640	6	20	vcs	vcs	PROPN
fbem-28640	6	21	and	and	CCONJ
fbem-28640	6	22	the	the	DET
fbem-28640	6	23	more	more	ADV
fbem-28640	6	24	strategic	strategic	ADJ
fbem-28640	6	25	,	,	PUNCT
fbem-28640	6	26	long	long	ADJ
fbem-28640	6	27	-	-	PUNCT
fbem-28640	6	28	term	term	NOUN
fbem-28640	6	29	approach	approach	NOUN
fbem-28640	6	30	of	of	ADP
fbem-28640	6	31	u.s	u.s	PROPN
fbem-28640	6	32	.	.	PROPN
fbem-28640	6	33	vcs	vcs	PROPN
fbem-28640	6	34	.	.	PUNCT
fbem-28640	7	1	cultural	cultural	ADJ
fbem-28640	7	2	factors	factor	NOUN
fbem-28640	7	3	,	,	PUNCT
fbem-28640	7	4	such	such	ADJ
fbem-28640	7	5	as	as	ADP
fbem-28640	7	6	collectivism	collectivism	NOUN
fbem-28640	7	7	in	in	ADP
fbem-28640	7	8	china	china	PROPN
fbem-28640	7	9	and	and	CCONJ
fbem-28640	7	10	individualism	individualism	NOUN
fbem-28640	7	11	in	in	ADP
fbem-28640	7	12	the	the	DET
fbem-28640	7	13	u.s	u.s	PROPN
fbem-28640	7	14	.	.	PROPN
fbem-28640	7	15	,	,	PUNCT
fbem-28640	7	16	also	also	ADV
fbem-28640	7	17	shape	shape	VERB
fbem-28640	7	18	startup	startup	NOUN
fbem-28640	7	19	strategies	strategy	NOUN
fbem-28640	7	20	,	,	PUNCT
fbem-28640	7	21	vc	vc	PROPN
fbem-28640	7	22	investment	investment	NOUN
fbem-28640	7	23	approaches	approach	NOUN
fbem-28640	7	24	,	,	PUNCT
fbem-28640	7	25	and	and	CCONJ
fbem-28640	7	26	overall	overall	ADJ
fbem-28640	7	27	market	market	NOUN
fbem-28640	7	28	outcomes	outcome	NOUN
fbem-28640	7	29	.	.	PUNCT
fbem-28640	8	1	by	by	ADP
fbem-28640	8	2	comparing	compare	VERB
fbem-28640	8	3	these	these	DET
fbem-28640	8	4	two	two	NUM
fbem-28640	8	5	countries	country	NOUN
fbem-28640	8	6	,	,	PUNCT
fbem-28640	8	7	the	the	DET
fbem-28640	8	8	paper	paper	NOUN
fbem-28640	8	9	offers	offer	VERB
fbem-28640	8	10	insights	insight	NOUN
fbem-28640	8	11	into	into	ADP
fbem-28640	8	12	how	how	SCONJ
fbem-28640	8	13	venture	venture	NOUN
fbem-28640	8	14	capital	capital	NOUN
fbem-28640	8	15	can	can	AUX
fbem-28640	8	16	be	be	AUX
fbem-28640	8	17	leveraged	leverage	VERB
fbem-28640	8	18	to	to	PART
fbem-28640	8	19	navigate	navigate	VERB
fbem-28640	8	20	unique	unique	ADJ
fbem-28640	8	21	market	market	NOUN
fbem-28640	8	22	challenges	challenge	NOUN
fbem-28640	8	23	and	and	CCONJ
fbem-28640	8	24	promote	promote	VERB
fbem-28640	8	25	sustainable	sustainable	ADJ
fbem-28640	8	26	growth	growth	NOUN
fbem-28640	8	27	in	in	ADP
fbem-28640	8	28	fintech	fintech	NOUN
fbem-28640	8	29	startups	startup	NOUN
fbem-28640	8	30	.	.	PUNCT
fbem-28640	9	1	keywords	keyword	NOUN
fbem-28640	9	2	:	:	PUNCT
fbem-28640	9	3	fintech	fintech	NOUN
fbem-28640	9	4	startup	startup	NOUN
fbem-28640	9	5	,	,	PUNCT
fbem-28640	9	6	venture	venture	NOUN
fbem-28640	9	7	capital	capital	NOUN
fbem-28640	9	8	,	,	PUNCT
fbem-28640	9	9	cultural	cultural	ADJ
fbem-28640	9	10	influence	influence	NOUN
fbem-28640	9	11	,	,	PUNCT
fbem-28640	9	12	market	market	NOUN
fbem-28640	9	13	structures	structure	NOUN
fbem-28640	9	14	,	,	PUNCT
fbem-28640	9	15	innovation	innovation	NOUN
fbem-28640	9	16	.	.	PUNCT
fbem-28640	10	1	1	1	X
fbem-28640	10	2	.	.	X
fbem-28640	10	3	introduction	introduction	NOUN
fbem-28640	10	4	fintech	fintech	NOUN
fbem-28640	10	5	startups	startup	NOUN
fbem-28640	10	6	are	be	AUX
fbem-28640	10	7	redefining	redefine	VERB
fbem-28640	10	8	financial	financial	ADJ
fbem-28640	10	9	services	service	NOUN
fbem-28640	10	10	by	by	ADP
fbem-28640	10	11	leveraging	leverage	VERB
fbem-28640	10	12	technology	technology	NOUN
fbem-28640	10	13	to	to	PART
fbem-28640	10	14	offer	offer	VERB
fbem-28640	10	15	innovative	innovative	ADJ
fbem-28640	10	16	,	,	PUNCT
fbem-28640	10	17	efficient	efficient	ADJ
fbem-28640	10	18	solutions	solution	NOUN
fbem-28640	10	19	that	that	PRON
fbem-28640	10	20	challenge	challenge	VERB
fbem-28640	10	21	traditional	traditional	ADJ
fbem-28640	10	22	banking	banking	NOUN
fbem-28640	10	23	models	model	NOUN
fbem-28640	10	24	.	.	PUNCT
fbem-28640	11	1	however	however	ADV
fbem-28640	11	2	,	,	PUNCT
fbem-28640	11	3	their	their	PRON
fbem-28640	11	4	growth	growth	NOUN
fbem-28640	11	5	is	be	AUX
fbem-28640	11	6	often	often	ADV
fbem-28640	11	7	hindered	hinder	VERB
fbem-28640	11	8	by	by	ADP
fbem-28640	11	9	complex	complex	ADJ
fbem-28640	11	10	regulatory	regulatory	ADJ
fbem-28640	11	11	requirements	requirement	NOUN
fbem-28640	11	12	,	,	PUNCT
fbem-28640	11	13	high	high	ADJ
fbem-28640	11	14	competition	competition	NOUN
fbem-28640	11	15	,	,	PUNCT
fbem-28640	11	16	and	and	CCONJ
fbem-28640	11	17	the	the	DET
fbem-28640	11	18	need	need	NOUN
fbem-28640	11	19	for	for	ADP
fbem-28640	11	20	continuous	continuous	ADJ
fbem-28640	11	21	innovation	innovation	NOUN
fbem-28640	11	22	in	in	ADP
fbem-28640	11	23	a	a	DET
fbem-28640	11	24	rapidly	rapidly	ADV
fbem-28640	11	25	evolving	evolve	VERB
fbem-28640	11	26	market	market	NOUN
fbem-28640	11	27	.	.	PUNCT
fbem-28640	12	1	vc	vc	PROPN
fbem-28640	12	2	is	be	AUX
fbem-28640	12	3	critical	critical	ADJ
fbem-28640	12	4	to	to	ADP
fbem-28640	12	5	addressing	address	VERB
fbem-28640	12	6	these	these	DET
fbem-28640	12	7	challenges	challenge	NOUN
fbem-28640	12	8	,	,	PUNCT
fbem-28640	12	9	providing	provide	VERB
fbem-28640	12	10	not	not	PART
fbem-28640	12	11	only	only	ADV
fbem-28640	12	12	essential	essential	ADJ
fbem-28640	12	13	funding	funding	NOUN
fbem-28640	12	14	but	but	CCONJ
fbem-28640	12	15	also	also	ADV
fbem-28640	12	16	mentorship	mentorship	NOUN
fbem-28640	12	17	,	,	PUNCT
fbem-28640	12	18	strategic	strategic	ADJ
fbem-28640	12	19	partnerships	partnership	NOUN
fbem-28640	12	20	,	,	PUNCT
fbem-28640	12	21	and	and	CCONJ
fbem-28640	12	22	industry	industry	NOUN
fbem-28640	12	23	expertise	expertise	NOUN
fbem-28640	12	24	that	that	PRON
fbem-28640	12	25	help	help	VERB
fbem-28640	12	26	fintech	fintech	NOUN
fbem-28640	12	27	startups	startup	NOUN
fbem-28640	12	28	scale	scale	NOUN
fbem-28640	12	29	effectively	effectively	ADV
fbem-28640	12	30	.	.	PUNCT
fbem-28640	13	1	in	in	ADP
fbem-28640	13	2	china	china	PROPN
fbem-28640	13	3	,	,	PUNCT
fbem-28640	13	4	the	the	DET
fbem-28640	13	5	fintech	fintech	NOUN
fbem-28640	13	6	sector	sector	NOUN
fbem-28640	13	7	has	have	AUX
fbem-28640	13	8	experienced	experience	VERB
fbem-28640	13	9	rapid	rapid	ADJ
fbem-28640	13	10	expansion	expansion	NOUN
fbem-28640	13	11	,	,	PUNCT
fbem-28640	13	12	supported	support	VERB
fbem-28640	13	13	by	by	ADP
fbem-28640	13	14	strong	strong	ADJ
fbem-28640	13	15	government	government	NOUN
fbem-28640	13	16	backing	backing	NOUN
fbem-28640	13	17	,	,	PUNCT
fbem-28640	13	18	increased	increase	VERB
fbem-28640	13	19	financial	financial	ADJ
fbem-28640	13	20	inclusion	inclusion	NOUN
fbem-28640	13	21	,	,	PUNCT
fbem-28640	13	22	and	and	CCONJ
fbem-28640	13	23	the	the	DET
fbem-28640	13	24	integration	integration	NOUN
fbem-28640	13	25	of	of	ADP
fbem-28640	13	26	digital	digital	ADJ
fbem-28640	13	27	commerce	commerce	NOUN
fbem-28640	13	28	into	into	ADP
fbem-28640	13	29	everyday	everyday	ADJ
fbem-28640	13	30	life	life	NOUN
fbem-28640	13	31	.	.	PUNCT
fbem-28640	14	1	yet	yet	ADV
fbem-28640	14	2	,	,	PUNCT
fbem-28640	14	3	chinese	chinese	ADJ
fbem-28640	14	4	fintech	fintech	NOUN
fbem-28640	14	5	startups	startup	NOUN
fbem-28640	14	6	also	also	ADV
fbem-28640	14	7	face	face	VERB
fbem-28640	14	8	significant	significant	ADJ
fbem-28640	14	9	hurdles	hurdle	NOUN
fbem-28640	14	10	,	,	PUNCT
fbem-28640	14	11	such	such	ADJ
fbem-28640	14	12	as	as	ADP
fbem-28640	14	13	stringent	stringent	ADJ
fbem-28640	14	14	regulatory	regulatory	ADJ
fbem-28640	14	15	oversight	oversight	NOUN
fbem-28640	14	16	and	and	CCONJ
fbem-28640	14	17	fierce	fierce	ADJ
fbem-28640	14	18	competition	competition	NOUN
fbem-28640	14	19	from	from	ADP
fbem-28640	14	20	established	establish	VERB
fbem-28640	14	21	tech	tech	NOUN
fbem-28640	14	22	giants	giant	NOUN
fbem-28640	14	23	like	like	ADP
fbem-28640	14	24	alibaba	alibaba	PROPN
fbem-28640	14	25	and	and	CCONJ
fbem-28640	14	26	tencent	tencent	NOUN
fbem-28640	14	27	.	.	PUNCT
fbem-28640	15	1	in	in	ADP
fbem-28640	15	2	contrast	contrast	NOUN
fbem-28640	15	3	,	,	PUNCT
fbem-28640	15	4	u.s	u.s	PROPN
fbem-28640	15	5	.	.	PROPN
fbem-28640	15	6	fintech	fintech	NOUN
fbem-28640	15	7	startups	startup	NOUN
fbem-28640	15	8	operate	operate	VERB
fbem-28640	15	9	within	within	ADP
fbem-28640	15	10	a	a	DET
fbem-28640	15	11	mature	mature	ADJ
fbem-28640	15	12	financial	financial	ADJ
fbem-28640	15	13	ecosystem	ecosystem	NOUN
fbem-28640	15	14	,	,	PUNCT
fbem-28640	15	15	where	where	SCONJ
fbem-28640	15	16	navigating	navigate	VERB
fbem-28640	15	17	complex	complex	ADJ
fbem-28640	15	18	regulations	regulation	NOUN
fbem-28640	15	19	and	and	CCONJ
fbem-28640	15	20	meeting	meet	VERB
fbem-28640	15	21	demands	demand	NOUN
fbem-28640	15	22	for	for	ADP
fbem-28640	15	23	continuous	continuous	ADJ
fbem-28640	15	24	innovation	innovation	NOUN
fbem-28640	15	25	are	be	AUX
fbem-28640	15	26	constant	constant	ADJ
fbem-28640	15	27	pressures	pressure	NOUN
fbem-28640	15	28	.	.	PUNCT
fbem-28640	16	1	nonetheless	nonetheless	ADV
fbem-28640	16	2	,	,	PUNCT
fbem-28640	16	3	they	they	PRON
fbem-28640	16	4	benefit	benefit	VERB
fbem-28640	16	5	from	from	ADP
fbem-28640	16	6	a	a	DET
fbem-28640	16	7	well	well	ADV
fbem-28640	16	8	-	-	PUNCT
fbem-28640	16	9	established	establish	VERB
fbem-28640	16	10	vc	vc	NOUN
fbem-28640	16	11	landscape	landscape	NOUN
fbem-28640	16	12	that	that	PRON
fbem-28640	16	13	emphasizes	emphasize	VERB
fbem-28640	16	14	sustainable	sustainable	ADJ
fbem-28640	16	15	,	,	PUNCT
fbem-28640	16	16	long	long	ADJ
fbem-28640	16	17	-	-	PUNCT
fbem-28640	16	18	term	term	NOUN
fbem-28640	16	19	growth	growth	NOUN
fbem-28640	16	20	strategies	strategy	NOUN
fbem-28640	16	21	.	.	PUNCT
fbem-28640	17	1	the	the	DET
fbem-28640	17	2	role	role	NOUN
fbem-28640	17	3	of	of	ADP
fbem-28640	17	4	vc	vc	PROPN
fbem-28640	17	5	in	in	ADP
fbem-28640	17	6	each	each	DET
fbem-28640	17	7	market	market	NOUN
fbem-28640	17	8	reflects	reflect	VERB
fbem-28640	17	9	broader	broad	ADJ
fbem-28640	17	10	differences	difference	NOUN
fbem-28640	17	11	in	in	ADP
fbem-28640	17	12	economic	economic	ADJ
fbem-28640	17	13	and	and	CCONJ
fbem-28640	17	14	cultural	cultural	ADJ
fbem-28640	17	15	contexts	context	NOUN
fbem-28640	17	16	:	:	PUNCT
fbem-28640	17	17	chinese	chinese	ADJ
fbem-28640	17	18	vcs	vcs	PROPN
fbem-28640	17	19	tend	tend	VERB
fbem-28640	17	20	to	to	PART
fbem-28640	17	21	be	be	AUX
fbem-28640	17	22	more	more	ADJ
fbem-28640	17	23	hands	hand	NOUN
fbem-28640	17	24	-	-	PUNCT
fbem-28640	17	25	on	on	ADP
fbem-28640	17	26	,	,	PUNCT
fbem-28640	17	27	often	often	ADV
fbem-28640	17	28	directly	directly	ADV
fbem-28640	17	29	involved	involve	VERB
fbem-28640	17	30	in	in	ADP
fbem-28640	17	31	startup	startup	NOUN
fbem-28640	17	32	operations	operation	NOUN
fbem-28640	17	33	,	,	PUNCT
fbem-28640	17	34	while	while	SCONJ
fbem-28640	17	35	u.s	u.s	PROPN
fbem-28640	17	36	.	.	PROPN
fbem-28640	17	37	vcs	vcs	PROPN
fbem-28640	17	38	typically	typically	ADV
fbem-28640	17	39	focus	focus	VERB
fbem-28640	17	40	on	on	ADP
fbem-28640	17	41	fostering	foster	VERB
fbem-28640	17	42	longterm	longterm	ADJ
fbem-28640	17	43	strategic	strategic	ADJ
fbem-28640	17	44	growth	growth	NOUN
fbem-28640	17	45	.	.	PUNCT
fbem-28640	18	1	this	this	DET
fbem-28640	18	2	study	study	NOUN
fbem-28640	18	3	examines	examine	VERB
fbem-28640	18	4	the	the	DET
fbem-28640	18	5	unique	unique	ADJ
fbem-28640	18	6	contributions	contribution	NOUN
fbem-28640	18	7	of	of	ADP
fbem-28640	18	8	vc	vc	NOUN
fbem-28640	18	9	in	in	ADP
fbem-28640	18	10	shaping	shape	VERB
fbem-28640	18	11	the	the	DET
fbem-28640	18	12	growth	growth	NOUN
fbem-28640	18	13	of	of	ADP
fbem-28640	18	14	fintech	fintech	NOUN
fbem-28640	18	15	startups	startup	NOUN
fbem-28640	18	16	in	in	ADP
fbem-28640	18	17	china	china	PROPN
fbem-28640	18	18	and	and	CCONJ
fbem-28640	18	19	the	the	DET
fbem-28640	18	20	united	united	PROPN
fbem-28640	18	21	states	states	PROPN
fbem-28640	18	22	,	,	PUNCT
fbem-28640	18	23	emphasizing	emphasize	VERB
fbem-28640	18	24	how	how	SCONJ
fbem-28640	18	25	vc	vc	PROPN
fbem-28640	18	26	support	support	NOUN
fbem-28640	18	27	helps	help	VERB
fbem-28640	18	28	these	these	DET
fbem-28640	18	29	startups	startup	NOUN
fbem-28640	18	30	address	address	NOUN
fbem-28640	18	31	regulatory	regulatory	ADJ
fbem-28640	18	32	,	,	PUNCT
fbem-28640	18	33	cultural	cultural	ADJ
fbem-28640	18	34	,	,	PUNCT
fbem-28640	18	35	and	and	CCONJ
fbem-28640	18	36	technological	technological	ADJ
fbem-28640	18	37	challenges	challenge	NOUN
fbem-28640	18	38	while	while	SCONJ
fbem-28640	18	39	maintaining	maintain	VERB
fbem-28640	18	40	their	their	PRON
fbem-28640	18	41	innovative	innovative	ADJ
fbem-28640	18	42	edge	edge	NOUN
fbem-28640	18	43	.	.	PUNCT
fbem-28640	19	1	2	2	X
fbem-28640	19	2	.	.	X
fbem-28640	19	3	the	the	DET
fbem-28640	19	4	role	role	NOUN
fbem-28640	19	5	of	of	ADP
fbem-28640	19	6	vc	vc	PROPN
fbem-28640	19	7	in	in	ADP
fbem-28640	19	8	fintech	fintech	NOUN
fbem-28640	19	9	startup	startup	NOUN
fbem-28640	19	10	growth	growth	NOUN
fbem-28640	19	11	of	of	ADP
fbem-28640	19	12	china	china	PROPN
fbem-28640	19	13	and	and	CCONJ
fbem-28640	19	14	united	united	PROPN
fbem-28640	19	15	states	states	PROPN
fbem-28640	19	16	with	with	ADP
fbem-28640	19	17	the	the	DET
fbem-28640	19	18	rapid	rapid	ADJ
fbem-28640	19	19	development	development	NOUN
fbem-28640	19	20	of	of	ADP
fbem-28640	19	21	fintech	fintech	NOUN
fbem-28640	19	22	startups	startup	NOUN
fbem-28640	19	23	in	in	ADP
fbem-28640	19	24	both	both	DET
fbem-28640	19	25	china	china	PROPN
fbem-28640	19	26	and	and	CCONJ
fbem-28640	19	27	the	the	DET
fbem-28640	19	28	united	united	PROPN
fbem-28640	19	29	states	states	PROPN
fbem-28640	19	30	,	,	PUNCT
fbem-28640	19	31	the	the	DET
fbem-28640	19	32	role	role	NOUN
fbem-28640	19	33	of	of	ADP
fbem-28640	19	34	venture	venture	NOUN
fbem-28640	19	35	capital	capital	NOUN
fbem-28640	19	36	is	be	AUX
fbem-28640	19	37	evolving	evolve	VERB
fbem-28640	19	38	to	to	PART
fbem-28640	19	39	adapt	adapt	VERB
fbem-28640	19	40	to	to	ADP
fbem-28640	19	41	the	the	DET
fbem-28640	19	42	market	market	NOUN
fbem-28640	19	43	dynamics	dynamic	NOUN
fbem-28640	19	44	and	and	CCONJ
fbem-28640	19	45	cultural	cultural	ADJ
fbem-28640	19	46	differences	difference	NOUN
fbem-28640	19	47	between	between	ADP
fbem-28640	19	48	the	the	DET
fbem-28640	19	49	two	two	NUM
fbem-28640	19	50	countries	country	NOUN
fbem-28640	19	51	,	,	PUNCT
fbem-28640	19	52	thereby	thereby	ADV
fbem-28640	19	53	enhancing	enhance	VERB
fbem-28640	19	54	the	the	DET
fbem-28640	19	55	growth	growth	NOUN
fbem-28640	19	56	and	and	CCONJ
fbem-28640	19	57	advancement	advancement	NOUN
fbem-28640	19	58	of	of	ADP
fbem-28640	19	59	the	the	DET
fbem-28640	19	60	fintech	fintech	NOUN
fbem-28640	19	61	industry	industry	NOUN
fbem-28640	19	62	.	.	PUNCT
fbem-28640	20	1	the	the	DET
fbem-28640	20	2	relationship	relationship	NOUN
fbem-28640	20	3	between	between	ADP
fbem-28640	20	4	vc	vc	PROPN
fbem-28640	20	5	and	and	CCONJ
fbem-28640	20	6	fintech	fintech	NOUN
fbem-28640	20	7	startups	startup	NOUN
fbem-28640	20	8	in	in	ADP
fbem-28640	20	9	china	china	PROPN
fbem-28640	20	10	and	and	CCONJ
fbem-28640	20	11	the	the	DET
fbem-28640	20	12	united	united	PROPN
fbem-28640	20	13	states	states	PROPN
fbem-28640	20	14	is	be	AUX
fbem-28640	20	15	shaped	shape	VERB
fbem-28640	20	16	by	by	ADP
fbem-28640	20	17	differing	differ	VERB
fbem-28640	20	18	regulatory	regulatory	ADJ
fbem-28640	20	19	environments	environment	NOUN
fbem-28640	20	20	,	,	PUNCT
fbem-28640	20	21	investment	investment	NOUN
fbem-28640	20	22	strategies	strategy	NOUN
fbem-28640	20	23	,	,	PUNCT
fbem-28640	20	24	and	and	CCONJ
fbem-28640	20	25	market	market	NOUN
fbem-28640	20	26	focuses	focus	VERB
fbem-28640	20	27	.	.	PUNCT
fbem-28640	21	1	in	in	ADP
fbem-28640	21	2	the	the	DET
fbem-28640	21	3	u.s	u.s	PROPN
fbem-28640	21	4	.	.	PROPN
fbem-28640	21	5	,	,	PUNCT
fbem-28640	21	6	vcs	vcs	PROPN
fbem-28640	21	7	operate	operate	VERB
fbem-28640	21	8	within	within	ADP
fbem-28640	21	9	a	a	DET
fbem-28640	21	10	mature	mature	ADJ
fbem-28640	21	11	,	,	PUNCT
fbem-28640	21	12	stable	stable	ADJ
fbem-28640	21	13	regulatory	regulatory	ADJ
fbem-28640	21	14	framework	framework	NOUN
fbem-28640	21	15	that	that	PRON
fbem-28640	21	16	fosters	foster	VERB
fbem-28640	21	17	rapid	rapid	ADJ
fbem-28640	21	18	innovation	innovation	NOUN
fbem-28640	21	19	and	and	CCONJ
fbem-28640	21	20	aggressive	aggressive	ADJ
fbem-28640	21	21	market	market	NOUN
fbem-28640	21	22	disruption	disruption	NOUN
fbem-28640	21	23	,	,	PUNCT
fbem-28640	21	24	encouraging	encourage	VERB
fbem-28640	21	25	startups	startup	NOUN
fbem-28640	21	26	to	to	PART
fbem-28640	21	27	pursue	pursue	VERB
fbem-28640	21	28	diverse	diverse	ADJ
fbem-28640	21	29	financial	financial	ADJ
fbem-28640	21	30	solutions	solution	NOUN
fbem-28640	21	31	.	.	PUNCT
fbem-28640	22	1	in	in	ADP
fbem-28640	22	2	contrast	contrast	NOUN
fbem-28640	22	3	,	,	PUNCT
fbem-28640	22	4	china	china	PROPN
fbem-28640	22	5	's	's	PART
fbem-28640	22	6	vc	vc	PROPN
fbem-28640	22	7	landscape	landscape	NOUN
fbem-28640	22	8	is	be	AUX
fbem-28640	22	9	closely	closely	ADV
fbem-28640	22	10	aligned	align	VERB
fbem-28640	22	11	with	with	ADP
fbem-28640	22	12	government	government	NOUN
fbem-28640	22	13	priorities	priority	NOUN
fbem-28640	22	14	,	,	PUNCT
fbem-28640	22	15	promoting	promote	VERB
fbem-28640	22	16	financial	financial	ADJ
fbem-28640	22	17	inclusion	inclusion	NOUN
fbem-28640	22	18	and	and	CCONJ
fbem-28640	22	19	digital	digital	ADJ
fbem-28640	22	20	finance	finance	NOUN
fbem-28640	22	21	through	through	ADP
fbem-28640	22	22	collaborations	collaboration	NOUN
fbem-28640	22	23	between	between	ADP
fbem-28640	22	24	startups	startup	NOUN
fbem-28640	22	25	and	and	CCONJ
fbem-28640	22	26	established	establish	VERB
fbem-28640	22	27	tech	tech	NOUN
fbem-28640	22	28	companies	company	NOUN
fbem-28640	22	29	.	.	PUNCT
fbem-28640	23	1	this	this	DET
fbem-28640	23	2	partnership	partnership	NOUN
fbem-28640	23	3	approach	approach	NOUN
fbem-28640	23	4	helps	help	VERB
fbem-28640	23	5	startups	startup	NOUN
fbem-28640	23	6	navigate	navigate	VERB
fbem-28640	23	7	regulatory	regulatory	ADJ
fbem-28640	23	8	complexities	complexity	NOUN
fbem-28640	23	9	while	while	SCONJ
fbem-28640	23	10	leveraging	leverage	VERB
fbem-28640	23	11	consumer	consumer	NOUN
fbem-28640	23	12	trends	trend	NOUN
fbem-28640	23	13	.	.	PUNCT
fbem-28640	24	1	overall	overall	ADV
fbem-28640	24	2	,	,	PUNCT
fbem-28640	24	3	the	the	DET
fbem-28640	24	4	dynamics	dynamic	NOUN
fbem-28640	24	5	of	of	ADP
fbem-28640	24	6	vc	vc	PROPN
fbem-28640	24	7	investment	investment	NOUN
fbem-28640	24	8	in	in	ADP
fbem-28640	24	9	fintech	fintech	NOUN
fbem-28640	24	10	are	be	AUX
fbem-28640	24	11	distinct	distinct	ADJ
fbem-28640	24	12	in	in	ADP
fbem-28640	24	13	each	each	DET
fbem-28640	24	14	country	country	NOUN
fbem-28640	24	15	,	,	PUNCT
fbem-28640	24	16	reflecting	reflect	VERB
fbem-28640	24	17	local	local	ADJ
fbem-28640	24	18	market	market	NOUN
fbem-28640	24	19	conditions	condition	NOUN
fbem-28640	24	20	and	and	CCONJ
fbem-28640	24	21	cultural	cultural	ADJ
fbem-28640	24	22	contexts	contexts	NOUN
fbem-28640	24	23	.	.	PUNCT
fbem-28640	25	1	2.1	2.1	NUM
fbem-28640	25	2	.	.	PUNCT
fbem-28640	26	1	the	the	DET
fbem-28640	26	2	current	current	ADJ
fbem-28640	26	3	landscape	landscape	NOUN
fbem-28640	26	4	of	of	ADP
fbem-28640	26	5	fintech	fintech	NOUN
fbem-28640	26	6	startups	startup	NOUN
fbem-28640	26	7	in	in	ADP
fbem-28640	26	8	china	china	PROPN
fbem-28640	26	9	and	and	CCONJ
fbem-28640	26	10	the	the	DET
fbem-28640	26	11	united	united	PROPN
fbem-28640	26	12	states	states	PROPN
fbem-28640	26	13	the	the	DET
fbem-28640	26	14	fintech	fintech	NOUN
fbem-28640	26	15	industry	industry	NOUN
fbem-28640	26	16	has	have	AUX
fbem-28640	26	17	experienced	experience	VERB
fbem-28640	26	18	a	a	DET
fbem-28640	26	19	turbulent	turbulent	ADJ
fbem-28640	26	20	few	few	ADJ
fbem-28640	26	21	year	year	NOUN
fbem-28640	26	22	.	.	PUNCT
fbem-28640	27	1	in	in	ADP
fbem-28640	27	2	2021	2021	NUM
fbem-28640	27	3	,	,	PUNCT
fbem-28640	27	4	valuations	valuation	NOUN
fbem-28640	27	5	,	,	PUNCT
fbem-28640	27	6	revenue	revenue	NOUN
fbem-28640	27	7	multiples	multiple	NOUN
fbem-28640	27	8	,	,	PUNCT
fbem-28640	27	9	and	and	CCONJ
fbem-28640	27	10	venture	venture	NOUN
fbem-28640	27	11	capital	capital	NOUN
fbem-28640	27	12	funding	funding	NOUN
fbem-28640	27	13	reached	reach	VERB
fbem-28640	27	14	unprecedented	unprecedented	ADJ
fbem-28640	27	15	highs	high	NOUN
fbem-28640	27	16	.	.	PUNCT
fbem-28640	28	1	however	however	ADV
fbem-28640	28	2	,	,	PUNCT
fbem-28640	28	3	2022	2022	NUM
fbem-28640	28	4	brought	bring	VERB
fbem-28640	28	5	a	a	DET
fbem-28640	28	6	sharp	sharp	ADJ
fbem-28640	28	7	correction	correction	NOUN
fbem-28640	28	8	,	,	PUNCT
fbem-28640	28	9	with	with	ADP
fbem-28640	28	10	significant	significant	ADJ
fbem-28640	28	11	declines	decline	NOUN
fbem-28640	28	12	in	in	ADP
fbem-28640	28	13	valuations	valuation	NOUN
fbem-28640	28	14	and	and	CCONJ
fbem-28640	28	15	multiples	multiple	NOUN
fbem-28640	28	16	as	as	SCONJ
fbem-28640	28	17	investors	investor	NOUN
fbem-28640	28	18	began	begin	VERB
fbem-28640	28	19	to	to	PART
fbem-28640	28	20	differentiate	differentiate	VERB
fbem-28640	28	21	genuinely	genuinely	ADV
fbem-28640	28	22	disruptive	disruptive	ADJ
fbem-28640	28	23	fintech	fintech	NOUN
fbem-28640	28	24	companies	company	NOUN
fbem-28640	28	25	from	from	ADP
fbem-28640	28	26	those	those	PRON
fbem-28640	28	27	those	those	PRON
fbem-28640	28	28	merely	merely	ADV
fbem-28640	28	29	provided	provide	VERB
fbem-28640	28	30	marginal	marginal	ADJ
fbem-28640	28	31	improvements	improvement	NOUN
fbem-28640	28	32	to	to	ADP
fbem-28640	28	33	existing	exist	VERB
fbem-28640	28	34	financial	financial	ADJ
fbem-28640	28	35	services	service	NOUN
fbem-28640	28	36	.	.	PUNCT
fbem-28640	29	1	china	china	PROPN
fbem-28640	29	2	,	,	PUNCT
fbem-28640	29	3	as	as	ADP
fbem-28640	29	4	a	a	DET
fbem-28640	29	5	formidable	formidable	ADJ
fbem-28640	29	6	competitor	competitor	NOUN
fbem-28640	29	7	in	in	ADP
fbem-28640	29	8	fintech	fintech	NOUN
fbem-28640	29	9	387	387	NUM
fbem-28640	29	10	development	development	NOUN
fbem-28640	29	11	,	,	PUNCT
fbem-28640	29	12	wields	wield	VERB
fbem-28640	29	13	considerable	considerable	ADJ
fbem-28640	29	14	influence	influence	NOUN
fbem-28640	29	15	in	in	ADP
fbem-28640	29	16	the	the	DET
fbem-28640	29	17	international	international	ADJ
fbem-28640	29	18	market	market	NOUN
fbem-28640	29	19	.	.	PUNCT
fbem-28640	30	1	“	"	PUNCT
fbem-28640	30	2	according	accord	VERB
fbem-28640	30	3	to	to	ADP
fbem-28640	30	4	ey	ey	PRON
fbem-28640	30	5	’s	’s	PART
fbem-28640	30	6	2019	2019	NUM
fbem-28640	30	7	fintech	fintech	NOUN
fbem-28640	30	8	adoption	adoption	NOUN
fbem-28640	30	9	index	index	NOUN
fbem-28640	30	10	,	,	PUNCT
fbem-28640	30	11	87	87	NUM
fbem-28640	30	12	%	%	NOUN
fbem-28640	30	13	of	of	ADP
fbem-28640	30	14	the	the	DET
fbem-28640	30	15	chinese	chinese	ADJ
fbem-28640	30	16	population	population	NOUN
fbem-28640	30	17	uses	use	VERB
fbem-28640	30	18	two	two	NUM
fbem-28640	30	19	or	or	CCONJ
fbem-28640	30	20	more	more	ADJ
fbem-28640	30	21	categories	category	NOUN
fbem-28640	30	22	of	of	ADP
fbem-28640	30	23	fintech	fintech	NOUN
fbem-28640	30	24	services	service	NOUN
fbem-28640	30	25	.	.	PUNCT
fbem-28640	31	1	the	the	DET
fbem-28640	31	2	chinese	chinese	PROPN
fbem-28640	31	3	fintech	fintech	NOUN
fbem-28640	31	4	ecosystem	ecosystem	NOUN
fbem-28640	31	5	holds	hold	VERB
fbem-28640	31	6	more	more	ADJ
fbem-28640	31	7	than	than	ADP
fbem-28640	31	8	a	a	DET
fbem-28640	31	9	dozen	dozen	NOUN
fbem-28640	31	10	fintech	fintech	NOUN
fbem-28640	31	11	unicorns	unicorn	NOUN
fbem-28640	31	12	in	in	ADP
fbem-28640	31	13	sectors	sector	NOUN
fbem-28640	31	14	such	such	ADJ
fbem-28640	31	15	as	as	ADP
fbem-28640	31	16	payments	payment	NOUN
fbem-28640	31	17	,	,	PUNCT
fbem-28640	31	18	insurtech	insurtech	NOUN
fbem-28640	31	19	,	,	PUNCT
fbem-28640	31	20	wealth	wealth	NOUN
fbem-28640	31	21	management	management	NOUN
fbem-28640	31	22	,	,	PUNCT
fbem-28640	31	23	and	and	CCONJ
fbem-28640	31	24	more	more	ADJ
fbem-28640	31	25	”	"	PUNCT
fbem-28640	31	26	from	from	ADP
fbem-28640	31	27	techmagic	techmagic	ADJ
fbem-28640	31	28	(	(	PUNCT
fbem-28640	31	29	2023	2023	NUM
fbem-28640	31	30	,	,	PUNCT
fbem-28640	31	31	may	may	AUX
fbem-28640	31	32	24	24	NUM
fbem-28640	31	33	)	)	PUNCT
fbem-28640	31	34	"	"	PUNCT
fbem-28640	31	35	fintech	fintech	NOUN
fbem-28640	31	36	market	market	NOUN
fbem-28640	31	37	in	in	ADP
fbem-28640	31	38	the	the	DET
fbem-28640	31	39	usa	usa	NOUN
fbem-28640	31	40	:	:	PUNCT
fbem-28640	31	41	overview	overview	NOUN
fbem-28640	31	42	,	,	PUNCT
fbem-28640	31	43	specialisms	specialism	NOUN
fbem-28640	31	44	,	,	PUNCT
fbem-28640	31	45	and	and	CCONJ
fbem-28640	31	46	evolution	evolution	NOUN
fbem-28640	31	47	"	"	PUNCT
fbem-28640	31	48	.	.	PUNCT
fbem-28640	32	1	the	the	DET
fbem-28640	32	2	u.s	u.s	PROPN
fbem-28640	32	3	.	.	PROPN
fbem-28640	32	4	fintech	fintech	NOUN
fbem-28640	32	5	market	market	NOUN
fbem-28640	32	6	offers	offer	VERB
fbem-28640	32	7	a	a	DET
fbem-28640	32	8	wide	wide	ADJ
fbem-28640	32	9	range	range	NOUN
fbem-28640	32	10	of	of	ADP
fbem-28640	32	11	services	service	NOUN
fbem-28640	32	12	,	,	PUNCT
fbem-28640	32	13	including	include	VERB
fbem-28640	32	14	digital	digital	ADJ
fbem-28640	32	15	payments	payment	NOUN
fbem-28640	32	16	,	,	PUNCT
fbem-28640	32	17	investments	investment	NOUN
fbem-28640	32	18	,	,	PUNCT
fbem-28640	32	19	alternative	alternative	ADJ
fbem-28640	32	20	lending	lending	NOUN
fbem-28640	32	21	,	,	PUNCT
fbem-28640	32	22	and	and	CCONJ
fbem-28640	32	23	funding	funding	NOUN
fbem-28640	32	24	options	option	NOUN
fbem-28640	32	25	.	.	PUNCT
fbem-28640	33	1	the	the	DET
fbem-28640	33	2	rapid	rapid	ADJ
fbem-28640	33	3	expansion	expansion	NOUN
fbem-28640	33	4	of	of	ADP
fbem-28640	33	5	e	e	NOUN
fbem-28640	33	6	-	-	NOUN
fbem-28640	33	7	commerce	commerce	NOUN
fbem-28640	33	8	has	have	AUX
fbem-28640	33	9	significantly	significantly	ADV
fbem-28640	33	10	fueled	fuel	VERB
fbem-28640	33	11	this	this	DET
fbem-28640	33	12	growth	growth	NOUN
fbem-28640	33	13	,	,	PUNCT
fbem-28640	33	14	with	with	ADP
fbem-28640	33	15	digital	digital	ADJ
fbem-28640	33	16	payments	payment	NOUN
fbem-28640	33	17	emerging	emerge	VERB
fbem-28640	33	18	as	as	ADP
fbem-28640	33	19	the	the	DET
fbem-28640	33	20	dominant	dominant	ADJ
fbem-28640	33	21	segment	segment	NOUN
fbem-28640	33	22	.	.	PUNCT
fbem-28640	34	1	projections	projection	NOUN
fbem-28640	34	2	indicate	indicate	VERB
fbem-28640	34	3	that	that	SCONJ
fbem-28640	34	4	by	by	ADP
fbem-28640	34	5	2025	2025	NUM
fbem-28640	34	6	,	,	PUNCT
fbem-28640	34	7	the	the	DET
fbem-28640	34	8	u.s	u.s	PROPN
fbem-28640	34	9	.	.	PROPN
fbem-28640	34	10	will	will	AUX
fbem-28640	34	11	account	account	VERB
fbem-28640	34	12	for	for	ADP
fbem-28640	34	13	over	over	ADP
fbem-28640	34	14	62	62	NUM
fbem-28640	34	15	%	%	NOUN
fbem-28640	34	16	of	of	ADP
fbem-28640	34	17	the	the	DET
fbem-28640	34	18	global	global	ADJ
fbem-28640	34	19	fintech	fintech	NOUN
fbem-28640	34	20	transaction	transaction	NOUN
fbem-28640	34	21	value	value	NOUN
fbem-28640	34	22	,	,	PUNCT
fbem-28640	34	23	while	while	SCONJ
fbem-28640	34	24	current	current	ADJ
fbem-28640	34	25	customer	customer	NOUN
fbem-28640	34	26	adoption	adoption	NOUN
fbem-28640	34	27	of	of	ADP
fbem-28640	34	28	fintech	fintech	NOUN
fbem-28640	34	29	services	service	NOUN
fbem-28640	34	30	stands	stand	VERB
fbem-28640	34	31	at	at	ADP
fbem-28640	34	32	46	46	NUM
fbem-28640	34	33	%	%	NOUN
fbem-28640	35	1	[	[	X
fbem-28640	35	2	1	1	NUM
fbem-28640	35	3	]	]	PUNCT
fbem-28640	35	4	.	.	PUNCT
fbem-28640	36	1	this	this	DET
fbem-28640	36	2	scenario	scenario	NOUN
fbem-28640	36	3	underscores	underscore	VERB
fbem-28640	36	4	the	the	DET
fbem-28640	36	5	intensifying	intensify	VERB
fbem-28640	36	6	competition	competition	NOUN
fbem-28640	36	7	between	between	ADP
fbem-28640	36	8	china	china	PROPN
fbem-28640	36	9	and	and	CCONJ
fbem-28640	36	10	the	the	DET
fbem-28640	36	11	united	united	PROPN
fbem-28640	36	12	states	states	PROPN
fbem-28640	36	13	in	in	ADP
fbem-28640	36	14	the	the	DET
fbem-28640	36	15	fintech	fintech	NOUN
fbem-28640	36	16	sector	sector	NOUN
fbem-28640	36	17	,	,	PUNCT
fbem-28640	36	18	as	as	SCONJ
fbem-28640	36	19	both	both	DET
fbem-28640	36	20	countries	country	NOUN
fbem-28640	36	21	are	be	AUX
fbem-28640	36	22	committed	commit	VERB
fbem-28640	36	23	to	to	ADP
fbem-28640	36	24	technological	technological	ADJ
fbem-28640	36	25	innovation	innovation	NOUN
fbem-28640	36	26	and	and	CCONJ
fbem-28640	36	27	play	play	VERB
fbem-28640	36	28	crucial	crucial	ADJ
fbem-28640	36	29	roles	role	NOUN
fbem-28640	36	30	in	in	ADP
fbem-28640	36	31	the	the	DET
fbem-28640	36	32	global	global	ADJ
fbem-28640	36	33	financial	financial	ADJ
fbem-28640	36	34	landscape	landscape	NOUN
fbem-28640	36	35	.	.	PUNCT
fbem-28640	37	1	the	the	DET
fbem-28640	37	2	need	need	NOUN
fbem-28640	37	3	to	to	PART
fbem-28640	37	4	compare	compare	VERB
fbem-28640	37	5	fintech	fintech	NOUN
fbem-28640	37	6	startups	startup	NOUN
fbem-28640	37	7	arises	arise	VERB
fbem-28640	37	8	from	from	ADP
fbem-28640	37	9	significant	significant	ADJ
fbem-28640	37	10	differences	difference	NOUN
fbem-28640	37	11	in	in	ADP
fbem-28640	37	12	market	market	NOUN
fbem-28640	37	13	structure	structure	NOUN
fbem-28640	37	14	,	,	PUNCT
fbem-28640	37	15	regulatory	regulatory	ADJ
fbem-28640	37	16	environments	environment	NOUN
fbem-28640	37	17	,	,	PUNCT
fbem-28640	37	18	technology	technology	NOUN
fbem-28640	37	19	ecosystems	ecosystem	NOUN
fbem-28640	37	20	,	,	PUNCT
fbem-28640	37	21	and	and	CCONJ
fbem-28640	37	22	user	user	NOUN
fbem-28640	37	23	needs	need	NOUN
fbem-28640	37	24	,	,	PUNCT
fbem-28640	37	25	all	all	PRON
fbem-28640	37	26	of	of	ADP
fbem-28640	37	27	which	which	PRON
fbem-28640	37	28	shape	shape	VERB
fbem-28640	37	29	the	the	DET
fbem-28640	37	30	growth	growth	NOUN
fbem-28640	37	31	trajectories	trajectory	NOUN
fbem-28640	37	32	and	and	CCONJ
fbem-28640	37	33	competitive	competitive	ADJ
fbem-28640	37	34	advantages	advantage	NOUN
fbem-28640	37	35	of	of	ADP
fbem-28640	37	36	their	their	PRON
fbem-28640	37	37	respective	respective	ADJ
fbem-28640	37	38	startups	startup	NOUN
fbem-28640	37	39	.	.	PUNCT
fbem-28640	38	1	by	by	ADP
fbem-28640	38	2	analyzing	analyze	VERB
fbem-28640	38	3	the	the	DET
fbem-28640	38	4	differing	differ	VERB
fbem-28640	38	5	development	development	NOUN
fbem-28640	38	6	models	model	NOUN
fbem-28640	38	7	of	of	ADP
fbem-28640	38	8	these	these	DET
fbem-28640	38	9	two	two	NUM
fbem-28640	38	10	markets	market	NOUN
fbem-28640	38	11	,	,	PUNCT
fbem-28640	38	12	valuable	valuable	ADJ
fbem-28640	38	13	insights	insight	NOUN
fbem-28640	38	14	can	can	AUX
fbem-28640	38	15	be	be	AUX
fbem-28640	38	16	provided	provide	VERB
fbem-28640	38	17	for	for	ADP
fbem-28640	38	18	fintech	fintech	NOUN
fbem-28640	38	19	innovation	innovation	NOUN
fbem-28640	38	20	in	in	ADP
fbem-28640	38	21	other	other	ADJ
fbem-28640	38	22	regions	region	NOUN
fbem-28640	38	23	worldwide	worldwide	ADV
fbem-28640	38	24	,	,	PUNCT
fbem-28640	38	25	helping	help	VERB
fbem-28640	38	26	enterprises	enterprise	NOUN
fbem-28640	38	27	better	well	ADV
fbem-28640	38	28	navigate	navigate	VERB
fbem-28640	38	29	the	the	DET
fbem-28640	38	30	opportunities	opportunity	NOUN
fbem-28640	38	31	and	and	CCONJ
fbem-28640	38	32	challenges	challenge	NOUN
fbem-28640	38	33	of	of	ADP
fbem-28640	38	34	internationalization	internationalization	NOUN
fbem-28640	38	35	.	.	PUNCT
fbem-28640	39	1	source	source	NOUN
fbem-28640	39	2	:	:	PUNCT
fbem-28640	39	3	compiled	compile	VERB
fbem-28640	39	4	by	by	ADP
fbem-28640	39	5	the	the	DET
fbem-28640	39	6	author	author	NOUN
fbem-28640	39	7	based	base	VERB
fbem-28640	39	8	on	on	ADP
fbem-28640	39	9	the	the	DET
fbem-28640	39	10	"	"	PUNCT
fbem-28640	39	11	fintech	fintech	NOUN
fbem-28640	39	12	unicorns	unicorn	NOUN
fbem-28640	39	13	in	in	ADP
fbem-28640	39	14	china	china	PROPN
fbem-28640	39	15	:	:	PUNCT
fbem-28640	39	16	full	full	ADJ
fbem-28640	39	17	list	list	NOUN
fbem-28640	39	18	2021	2021	NUM
fbem-28640	39	19	.	.	PUNCT
fbem-28640	39	20	"	"	PUNCT
fbem-28640	40	1	cfte	cfte	NOUN
fbem-28640	40	2	.	.	PUNCT
fbem-28640	41	1	2.2	2.2	NUM
fbem-28640	41	2	.	.	PUNCT
fbem-28640	42	1	assessing	assess	VERB
fbem-28640	42	2	the	the	DET
fbem-28640	42	3	impact	impact	NOUN
fbem-28640	42	4	of	of	ADP
fbem-28640	42	5	venture	venture	NOUN
fbem-28640	42	6	capital	capital	NOUN
fbem-28640	42	7	on	on	ADP
fbem-28640	42	8	the	the	DET
fbem-28640	42	9	growth	growth	NOUN
fbem-28640	42	10	of	of	ADP
fbem-28640	42	11	fintech	fintech	NOUN
fbem-28640	42	12	startups	startup	NOUN
fbem-28640	42	13	in	in	ADP
fbem-28640	42	14	china	china	PROPN
fbem-28640	42	15	and	and	CCONJ
fbem-28640	42	16	the	the	DET
fbem-28640	42	17	united	united	PROPN
fbem-28640	42	18	states	states	PROPN
fbem-28640	42	19	vc	vc	PROPN
fbem-28640	42	20	plays	play	VERB
fbem-28640	42	21	a	a	DET
fbem-28640	42	22	pivotal	pivotal	ADJ
fbem-28640	42	23	role	role	NOUN
fbem-28640	42	24	in	in	ADP
fbem-28640	42	25	the	the	DET
fbem-28640	42	26	growth	growth	NOUN
fbem-28640	42	27	of	of	ADP
fbem-28640	42	28	fintech	fintech	NOUN
fbem-28640	42	29	startups	startup	NOUN
fbem-28640	42	30	worldwide	worldwide	ADV
fbem-28640	42	31	,	,	PUNCT
fbem-28640	42	32	providing	provide	VERB
fbem-28640	42	33	not	not	PART
fbem-28640	42	34	only	only	ADV
fbem-28640	42	35	financial	financial	ADJ
fbem-28640	42	36	resources	resource	NOUN
fbem-28640	42	37	but	but	CCONJ
fbem-28640	42	38	also	also	ADV
fbem-28640	42	39	strategic	strategic	ADJ
fbem-28640	42	40	direction	direction	NOUN
fbem-28640	42	41	that	that	PRON
fbem-28640	42	42	can	can	AUX
fbem-28640	42	43	shape	shape	VERB
fbem-28640	42	44	a	a	DET
fbem-28640	42	45	startup	startup	NOUN
fbem-28640	42	46	's	's	PART
fbem-28640	42	47	trajectory	trajectory	NOUN
fbem-28640	42	48	.	.	PUNCT
fbem-28640	43	1	vc	vc	PROPN
fbem-28640	43	2	plays	play	VERB
fbem-28640	43	3	a	a	DET
fbem-28640	43	4	crucial	crucial	ADJ
fbem-28640	43	5	role	role	NOUN
fbem-28640	43	6	in	in	ADP
fbem-28640	43	7	fostering	foster	VERB
fbem-28640	43	8	innovation	innovation	NOUN
fbem-28640	43	9	within	within	ADP
fbem-28640	43	10	fintech	fintech	NOUN
fbem-28640	43	11	startups	startup	NOUN
fbem-28640	43	12	by	by	ADP
fbem-28640	43	13	providing	provide	VERB
fbem-28640	43	14	essential	essential	ADJ
fbem-28640	43	15	funding	funding	NOUN
fbem-28640	43	16	and	and	CCONJ
fbem-28640	43	17	encouraging	encourage	VERB
fbem-28640	43	18	risktaking	risktake	VERB
fbem-28640	43	19	,	,	PUNCT
fbem-28640	43	20	allowing	allow	VERB
fbem-28640	43	21	these	these	DET
fbem-28640	43	22	companies	company	NOUN
fbem-28640	43	23	to	to	PART
fbem-28640	43	24	develop	develop	VERB
fbem-28640	43	25	and	and	CCONJ
fbem-28640	43	26	scale	scale	VERB
fbem-28640	43	27	innovative	innovative	ADJ
fbem-28640	43	28	technologies	technology	NOUN
fbem-28640	43	29	.	.	PUNCT
fbem-28640	44	1	however	however	ADV
fbem-28640	44	2	,	,	PUNCT
fbem-28640	44	3	vc	vc	PROPN
fbem-28640	44	4	financing	financing	NOUN
fbem-28640	44	5	also	also	ADV
fbem-28640	44	6	has	have	VERB
fbem-28640	44	7	limitations	limitation	NOUN
fbem-28640	44	8	,	,	PUNCT
fbem-28640	44	9	including	include	VERB
fbem-28640	44	10	a	a	DET
fbem-28640	44	11	narrow	narrow	ADJ
fbem-28640	44	12	focus	focus	NOUN
fbem-28640	44	13	on	on	ADP
fbem-28640	44	14	specific	specific	ADJ
fbem-28640	44	15	types	type	NOUN
fbem-28640	44	16	of	of	ADP
fbem-28640	44	17	innovations	innovation	NOUN
fbem-28640	44	18	that	that	PRON
fbem-28640	44	19	align	align	VERB
fbem-28640	44	20	with	with	ADP
fbem-28640	44	21	investor	investor	NOUN
fbem-28640	44	22	interests	interest	NOUN
fbem-28640	44	23	,	,	PUNCT
fbem-28640	44	24	the	the	DET
fbem-28640	44	25	concentration	concentration	NOUN
fbem-28640	44	26	of	of	ADP
fbem-28640	44	27	capital	capital	NOUN
fbem-28640	44	28	among	among	ADP
fbem-28640	44	29	a	a	DET
fbem-28640	44	30	few	few	ADJ
fbem-28640	44	31	investors	investor	NOUN
fbem-28640	44	32	that	that	PRON
fbem-28640	44	33	can	can	AUX
fbem-28640	44	34	shape	shape	VERB
fbem-28640	44	35	industry	industry	NOUN
fbem-28640	44	36	trends	trend	NOUN
fbem-28640	44	37	,	,	PUNCT
fbem-28640	44	38	and	and	CCONJ
fbem-28640	44	39	a	a	DET
fbem-28640	44	40	potential	potential	ADJ
fbem-28640	44	41	relaxation	relaxation	NOUN
fbem-28640	44	42	of	of	ADP
fbem-28640	44	43	governance	governance	NOUN
fbem-28640	44	44	standards	standard	NOUN
fbem-28640	44	45	that	that	PRON
fbem-28640	44	46	may	may	AUX
fbem-28640	44	47	hinder	hinder	VERB
fbem-28640	44	48	responsible	responsible	ADJ
fbem-28640	44	49	management	management	NOUN
fbem-28640	44	50	.	.	PUNCT
fbem-28640	45	1	as	as	SCONJ
fbem-28640	45	2	the	the	DET
fbem-28640	45	3	global	global	ADJ
fbem-28640	45	4	landscape	landscape	NOUN
fbem-28640	45	5	shifts	shift	NOUN
fbem-28640	45	6	,	,	PUNCT
fbem-28640	45	7	with	with	ADP
fbem-28640	45	8	the	the	DET
fbem-28640	45	9	u.s	u.s	PROPN
fbem-28640	45	10	.	.	PROPN
fbem-28640	45	11	share	share	NOUN
fbem-28640	45	12	of	of	ADP
fbem-28640	45	13	venture	venture	NOUN
fbem-28640	45	14	capital	capital	NOUN
fbem-28640	45	15	financing	financing	NOUN
fbem-28640	45	16	declining	decline	VERB
fbem-28640	45	17	,	,	PUNCT
fbem-28640	45	18	adapting	adapt	VERB
fbem-28640	45	19	the	the	DET
fbem-28640	45	20	vc	vc	PROPN
fbem-28640	45	21	model	model	NOUN
fbem-28640	45	22	—	—	PUNCT
fbem-28640	45	23	such	such	ADJ
fbem-28640	45	24	as	as	ADP
fbem-28640	45	25	creating	create	VERB
fbem-28640	45	26	more	more	ADV
fbem-28640	45	27	flexible	flexible	ADJ
fbem-28640	45	28	investment	investment	NOUN
fbem-28640	45	29	structures	structure	NOUN
fbem-28640	45	30	and	and	CCONJ
fbem-28640	45	31	tailoring	tailoring	NOUN
fbem-28640	45	32	strategies	strategy	NOUN
fbem-28640	45	33	for	for	ADP
fbem-28640	45	34	the	the	DET
fbem-28640	45	35	fintech	fintech	NOUN
fbem-28640	45	36	sector	sector	NOUN
fbem-28640	45	37	—	—	PUNCT
fbem-28640	45	38	could	could	AUX
fbem-28640	45	39	help	help	VERB
fbem-28640	45	40	address	address	VERB
fbem-28640	45	41	these	these	DET
fbem-28640	45	42	challenges	challenge	NOUN
fbem-28640	45	43	and	and	CCONJ
fbem-28640	45	44	support	support	VERB
fbem-28640	45	45	a	a	DET
fbem-28640	45	46	broader	broad	ADJ
fbem-28640	45	47	range	range	NOUN
fbem-28640	45	48	of	of	ADP
fbem-28640	45	49	technological	technological	ADJ
fbem-28640	45	50	advancements	advancement	NOUN
fbem-28640	45	51	[	[	X
fbem-28640	45	52	2	2	NUM
fbem-28640	45	53	]	]	PUNCT
fbem-28640	45	54	.	.	PUNCT
fbem-28640	46	1	however	however	ADV
fbem-28640	46	2	,	,	PUNCT
fbem-28640	46	3	the	the	DET
fbem-28640	46	4	impact	impact	NOUN
fbem-28640	46	5	of	of	ADP
fbem-28640	46	6	vc	vc	PROPN
fbem-28640	46	7	investment	investment	NOUN
fbem-28640	46	8	differs	differ	VERB
fbem-28640	46	9	significantly	significantly	ADV
fbem-28640	46	10	between	between	ADP
fbem-28640	46	11	markets	market	NOUN
fbem-28640	46	12	due	due	ADJ
fbem-28640	46	13	to	to	ADP
fbem-28640	46	14	unique	unique	ADJ
fbem-28640	46	15	local	local	ADJ
fbem-28640	46	16	dynamics	dynamic	NOUN
fbem-28640	46	17	and	and	CCONJ
fbem-28640	46	18	cultural	cultural	ADJ
fbem-28640	46	19	factors	factor	NOUN
fbem-28640	46	20	.	.	PUNCT
fbem-28640	47	1	in	in	ADP
fbem-28640	47	2	the	the	DET
fbem-28640	47	3	united	united	PROPN
fbem-28640	47	4	states	states	PROPN
fbem-28640	47	5	,	,	PUNCT
fbem-28640	47	6	where	where	SCONJ
fbem-28640	47	7	the	the	DET
fbem-28640	47	8	venture	venture	NOUN
fbem-28640	47	9	capital	capital	NOUN
fbem-28640	47	10	ecosystem	ecosystem	NOUN
fbem-28640	47	11	is	be	AUX
fbem-28640	47	12	mature	mature	ADJ
fbem-28640	47	13	,	,	PUNCT
fbem-28640	47	14	vcs	vcs	PROPN
fbem-28640	47	15	emphasize	emphasize	VERB
fbem-28640	47	16	rapid	rapid	ADJ
fbem-28640	47	17	scaling	scaling	NOUN
fbem-28640	47	18	and	and	CCONJ
fbem-28640	47	19	innovation	innovation	NOUN
fbem-28640	47	20	,	,	PUNCT
fbem-28640	47	21	fostering	foster	VERB
fbem-28640	47	22	a	a	DET
fbem-28640	47	23	culture	culture	NOUN
fbem-28640	47	24	that	that	PRON
fbem-28640	47	25	encourages	encourage	VERB
fbem-28640	47	26	startups	startup	NOUN
fbem-28640	47	27	to	to	PART
fbem-28640	47	28	aggressively	aggressively	ADV
fbem-28640	47	29	pursue	pursue	VERB
fbem-28640	47	30	market	market	NOUN
fbem-28640	47	31	disruption	disruption	NOUN
fbem-28640	47	32	within	within	ADP
fbem-28640	47	33	a	a	DET
fbem-28640	47	34	stable	stable	ADJ
fbem-28640	47	35	regulatory	regulatory	ADJ
fbem-28640	47	36	framework	framework	NOUN
fbem-28640	47	37	.	.	PUNCT
fbem-28640	48	1	meanwhile	meanwhile	ADV
fbem-28640	48	2	,	,	PUNCT
fbem-28640	48	3	in	in	ADP
fbem-28640	48	4	china	china	PROPN
fbem-28640	48	5	,	,	PUNCT
fbem-28640	48	6	venture	venture	NOUN
fbem-28640	48	7	capital	capital	NOUN
fbem-28640	48	8	often	often	ADV
fbem-28640	48	9	operates	operate	VERB
fbem-28640	48	10	in	in	ADP
fbem-28640	48	11	close	close	ADJ
fbem-28640	48	12	alignment	alignment	NOUN
fbem-28640	48	13	with	with	ADP
fbem-28640	48	14	government	government	NOUN
fbem-28640	48	15	priorities	priority	NOUN
fbem-28640	48	16	,	,	PUNCT
fbem-28640	48	17	such	such	ADJ
fbem-28640	48	18	as	as	ADP
fbem-28640	48	19	digital	digital	ADJ
fbem-28640	48	20	payments	payment	NOUN
fbem-28640	48	21	and	and	CCONJ
fbem-28640	48	22	financial	financial	ADJ
fbem-28640	48	23	inclusion	inclusion	NOUN
fbem-28640	48	24	.	.	PUNCT
fbem-28640	49	1	chinese	chinese	ADJ
fbem-28640	49	2	vcs	vcs	PROPN
fbem-28640	49	3	frequently	frequently	ADV
fbem-28640	49	4	encourage	encourage	VERB
fbem-28640	49	5	startups	startup	NOUN
fbem-28640	49	6	to	to	PART
fbem-28640	49	7	establish	establish	VERB
fbem-28640	49	8	partnerships	partnership	NOUN
fbem-28640	49	9	with	with	ADP
fbem-28640	49	10	larger	large	ADJ
fbem-28640	49	11	tech	tech	NOUN
fbem-28640	49	12	firms	firm	NOUN
fbem-28640	49	13	and	and	CCONJ
fbem-28640	49	14	local	local	ADJ
fbem-28640	49	15	authorities	authority	NOUN
fbem-28640	49	16	,	,	PUNCT
fbem-28640	49	17	reflecting	reflect	VERB
fbem-28640	49	18	a	a	DET
fbem-28640	49	19	culture	culture	NOUN
fbem-28640	49	20	of	of	ADP
fbem-28640	49	21	adaptation	adaptation	NOUN
fbem-28640	49	22	to	to	ADP
fbem-28640	49	23	shifting	shift	VERB
fbem-28640	49	24	regulatory	regulatory	ADJ
fbem-28640	49	25	landscapes	landscape	NOUN
fbem-28640	49	26	.	.	PUNCT
fbem-28640	50	1	specifically	specifically	ADV
fbem-28640	50	2	,	,	PUNCT
fbem-28640	50	3	vc	vc	PROPN
fbem-28640	50	4	has	have	AUX
fbem-28640	50	5	played	play	VERB
fbem-28640	50	6	a	a	DET
fbem-28640	50	7	crucial	crucial	ADJ
fbem-28640	50	8	role	role	NOUN
fbem-28640	50	9	in	in	ADP
fbem-28640	50	10	the	the	DET
fbem-28640	50	11	development	development	NOUN
fbem-28640	50	12	of	of	ADP
fbem-28640	50	13	china	china	PROPN
fbem-28640	50	14	's	's	PART
fbem-28640	50	15	fintech	fintech	NOUN
fbem-28640	50	16	sector	sector	NOUN
fbem-28640	50	17	,	,	PUNCT
fbem-28640	50	18	especially	especially	ADV
fbem-28640	50	19	from	from	ADP
fbem-28640	50	20	2004	2004	NUM
fbem-28640	50	21	to	to	ADP
fbem-28640	50	22	2016	2016	NUM
fbem-28640	50	23	,	,	PUNCT
fbem-28640	50	24	when	when	SCONJ
fbem-28640	50	25	the	the	DET
fbem-28640	50	26	government	government	NOUN
fbem-28640	50	27	maintained	maintain	VERB
fbem-28640	50	28	a	a	DET
fbem-28640	50	29	largely	largely	ADV
fbem-28640	50	30	laissezfaire	laissezfaire	NOUN
fbem-28640	50	31	approach	approach	NOUN
fbem-28640	50	32	.	.	PUNCT
fbem-28640	51	1	vc	vc	PROPN
fbem-28640	51	2	funding	funding	PROPN
fbem-28640	51	3	enabled	enable	VERB
fbem-28640	51	4	startups	startup	NOUN
fbem-28640	51	5	like	like	ADP
fbem-28640	51	6	ant	ant	ADJ
fbem-28640	51	7	financial	financial	ADJ
fbem-28640	51	8	and	and	CCONJ
fbem-28640	51	9	tencent	tencent	NOUN
fbem-28640	51	10	to	to	PART
fbem-28640	51	11	innovate	innovate	VERB
fbem-28640	51	12	and	and	CCONJ
fbem-28640	51	13	expand	expand	VERB
fbem-28640	51	14	,	,	PUNCT
fbem-28640	51	15	addressing	address	VERB
fbem-28640	51	16	key	key	ADJ
fbem-28640	51	17	issues	issue	NOUN
fbem-28640	51	18	such	such	ADJ
fbem-28640	51	19	as	as	ADP
fbem-28640	51	20	low	low	ADJ
fbem-28640	51	21	efficiency	efficiency	NOUN
fbem-28640	51	22	in	in	ADP
fbem-28640	51	23	traditional	traditional	ADJ
fbem-28640	51	24	finance	finance	NOUN
fbem-28640	51	25	and	and	CCONJ
fbem-28640	51	26	limited	limited	ADJ
fbem-28640	51	27	access	access	NOUN
fbem-28640	51	28	to	to	ADP
fbem-28640	51	29	credit	credit	NOUN
fbem-28640	51	30	for	for	ADP
fbem-28640	51	31	small	small	ADJ
fbem-28640	51	32	and	and	CCONJ
fbem-28640	51	33	medium	medium	ADJ
fbem-28640	51	34	-	-	PUNCT
fbem-28640	51	35	sized	sized	ADJ
fbem-28640	51	36	businesses	business	NOUN
fbem-28640	51	37	.	.	PUNCT
fbem-28640	52	1	however	however	ADV
fbem-28640	52	2	,	,	PUNCT
fbem-28640	52	3	as	as	SCONJ
fbem-28640	52	4	the	the	DET
fbem-28640	52	5	fintech	fintech	NOUN
fbem-28640	52	6	industry	industry	NOUN
fbem-28640	52	7	grew	grow	VERB
fbem-28640	52	8	,	,	PUNCT
fbem-28640	52	9	regulatory	regulatory	ADJ
fbem-28640	52	10	scrutiny	scrutiny	NOUN
fbem-28640	52	11	increased	increase	VERB
fbem-28640	52	12	,	,	PUNCT
fbem-28640	52	13	particularly	particularly	ADV
fbem-28640	52	14	in	in	ADP
fbem-28640	52	15	response	response	NOUN
fbem-28640	52	16	to	to	ADP
fbem-28640	52	17	risks	risk	NOUN
fbem-28640	52	18	associated	associate	VERB
fbem-28640	52	19	with	with	ADP
fbem-28640	52	20	peer	peer	NOUN
fbem-28640	52	21	-	-	PUNCT
fbem-28640	52	22	to	to	ADP
fbem-28640	52	23	-	-	PUNCT
fbem-28640	52	24	peer	peer	NOUN
fbem-28640	52	25	lending	lending	NOUN
fbem-28640	52	26	and	and	CCONJ
fbem-28640	52	27	financial	financial	ADJ
fbem-28640	52	28	bubbles	bubble	NOUN
fbem-28640	52	29	.	.	PUNCT
fbem-28640	53	1	since	since	SCONJ
fbem-28640	53	2	2020	2020	NUM
fbem-28640	53	3	,	,	PUNCT
fbem-28640	53	4	the	the	DET
fbem-28640	53	5	regulatory	regulatory	ADJ
fbem-28640	53	6	environment	environment	NOUN
fbem-28640	53	7	has	have	AUX
fbem-28640	53	8	intensified	intensify	VERB
fbem-28640	53	9	,	,	PUNCT
fbem-28640	53	10	focusing	focus	VERB
fbem-28640	53	11	on	on	ADP
fbem-28640	53	12	anticompetitive	anticompetitive	ADJ
fbem-28640	53	13	practices	practice	NOUN
fbem-28640	53	14	and	and	CCONJ
fbem-28640	53	15	data	datum	NOUN
fbem-28640	53	16	control	control	NOUN
fbem-28640	53	17	among	among	ADP
fbem-28640	53	18	tech	tech	NOUN
fbem-28640	53	19	giants	giant	NOUN
fbem-28640	53	20	,	,	PUNCT
fbem-28640	53	21	prompting	prompt	VERB
fbem-28640	53	22	vcs	vcs	NOUN
fbem-28640	53	23	to	to	PART
fbem-28640	53	24	adopt	adopt	VERB
fbem-28640	53	25	a	a	DET
fbem-28640	53	26	more	more	ADV
fbem-28640	53	27	cautious	cautious	ADJ
fbem-28640	53	28	approach	approach	NOUN
fbem-28640	53	29	while	while	SCONJ
fbem-28640	53	30	navigating	navigate	VERB
fbem-28640	53	31	stricter	strict	ADJ
fbem-28640	53	32	government	government	NOUN
fbem-28640	53	33	policies	policy	NOUN
fbem-28640	53	34	and	and	CCONJ
fbem-28640	53	35	encouraging	encourage	VERB
fbem-28640	53	36	traditional	traditional	ADJ
fbem-28640	53	37	banks	bank	NOUN
fbem-28640	53	38	to	to	PART
fbem-28640	53	39	enhance	enhance	VERB
fbem-28640	53	40	lending	lending	NOUN
fbem-28640	53	41	to	to	ADP
fbem-28640	53	42	smes	sme	NOUN
fbem-28640	53	43	[	[	X
fbem-28640	53	44	3	3	NUM
fbem-28640	53	45	]	]	PUNCT
fbem-28640	53	46	.	.	PUNCT
fbem-28640	54	1	these	these	DET
fbem-28640	54	2	contrasting	contrast	VERB
fbem-28640	54	3	approaches	approach	NOUN
fbem-28640	54	4	highlight	highlight	VERB
fbem-28640	54	5	how	how	SCONJ
fbem-28640	54	6	vc	vc	PROPN
fbem-28640	54	7	influence	influence	NOUN
fbem-28640	54	8	is	be	AUX
fbem-28640	54	9	not	not	PART
fbem-28640	54	10	only	only	ADV
fbem-28640	54	11	a	a	DET
fbem-28640	54	12	function	function	NOUN
fbem-28640	54	13	of	of	ADP
fbem-28640	54	14	capital	capital	NOUN
fbem-28640	54	15	but	but	CCONJ
fbem-28640	54	16	also	also	ADV
fbem-28640	54	17	of	of	ADP
fbem-28640	54	18	strategic	strategic	ADJ
fbem-28640	54	19	alignment	alignment	NOUN
fbem-28640	54	20	with	with	ADP
fbem-28640	54	21	market	market	NOUN
fbem-28640	54	22	-	-	PUNCT
fbem-28640	54	23	specific	specific	ADJ
fbem-28640	54	24	norms	norm	NOUN
fbem-28640	54	25	and	and	CCONJ
fbem-28640	54	26	goals	goal	NOUN
fbem-28640	54	27	,	,	PUNCT
fbem-28640	54	28	impacting	impact	VERB
fbem-28640	54	29	the	the	DET
fbem-28640	54	30	growth	growth	NOUN
fbem-28640	54	31	paths	path	NOUN
fbem-28640	54	32	of	of	ADP
fbem-28640	54	33	fintech	fintech	NOUN
fbem-28640	54	34	startups	startup	NOUN
fbem-28640	54	35	in	in	ADP
fbem-28640	54	36	each	each	DET
fbem-28640	54	37	country	country	NOUN
fbem-28640	54	38	.	.	PUNCT
fbem-28640	55	1	2.3	2.3	NUM
fbem-28640	55	2	.	.	PUNCT
fbem-28640	56	1	cultural	cultural	ADJ
fbem-28640	56	2	influences	influence	NOUN
fbem-28640	56	3	on	on	ADP
fbem-28640	56	4	vc	vc	PROPN
fbem-28640	56	5	cultural	cultural	ADJ
fbem-28640	56	6	influences	influence	NOUN
fbem-28640	56	7	significantly	significantly	ADV
fbem-28640	56	8	shape	shape	VERB
fbem-28640	56	9	vc	vc	NOUN
fbem-28640	56	10	activity	activity	NOUN
fbem-28640	56	11	and	and	CCONJ
fbem-28640	56	12	entrepreneurial	entrepreneurial	ADJ
fbem-28640	56	13	behavior	behavior	NOUN
fbem-28640	56	14	in	in	ADP
fbem-28640	56	15	china	china	PROPN
fbem-28640	56	16	and	and	CCONJ
fbem-28640	56	17	the	the	DET
fbem-28640	56	18	united	united	PROPN
fbem-28640	56	19	states	states	PROPN
fbem-28640	56	20	,	,	PUNCT
fbem-28640	56	21	emphasizing	emphasize	VERB
fbem-28640	56	22	how	how	SCONJ
fbem-28640	56	23	these	these	DET
fbem-28640	56	24	cultural	cultural	ADJ
fbem-28640	56	25	differences	difference	NOUN
fbem-28640	56	26	affect	affect	VERB
fbem-28640	56	27	the	the	DET
fbem-28640	56	28	development	development	NOUN
fbem-28640	56	29	of	of	ADP
fbem-28640	56	30	vc	vc	PROPN
fbem-28640	56	31	in	in	ADP
fbem-28640	56	32	each	each	DET
fbem-28640	56	33	context	context	NOUN
fbem-28640	56	34	.	.	PUNCT
fbem-28640	57	1	in	in	ADP
fbem-28640	57	2	the	the	DET
fbem-28640	57	3	u.s	u.s	PROPN
fbem-28640	57	4	.	.	PROPN
fbem-28640	57	5	,	,	PUNCT
fbem-28640	57	6	a	a	DET
fbem-28640	57	7	culture	culture	NOUN
fbem-28640	57	8	characterized	characterize	VERB
fbem-28640	57	9	by	by	ADP
fbem-28640	57	10	lower	low	ADJ
fbem-28640	57	11	uncertainty	uncertainty	NOUN
fbem-28640	57	12	avoidance	avoidance	NOUN
fbem-28640	57	13	and	and	CCONJ
fbem-28640	57	14	greater	great	ADJ
fbem-28640	57	15	individualism	individualism	NOUN
fbem-28640	57	16	fosters	foster	VERB
fbem-28640	57	17	a	a	DET
fbem-28640	57	18	risk	risk	NOUN
fbem-28640	57	19	-	-	PUNCT
fbem-28640	57	20	taking	take	VERB
fbem-28640	57	21	mentality	mentality	NOUN
fbem-28640	57	22	among	among	ADP
fbem-28640	57	23	entrepreneurs	entrepreneur	NOUN
fbem-28640	57	24	,	,	PUNCT
fbem-28640	57	25	facilitating	facilitate	VERB
fbem-28640	57	26	the	the	DET
fbem-28640	57	27	attraction	attraction	NOUN
fbem-28640	57	28	of	of	ADP
fbem-28640	57	29	vc	vc	PROPN
fbem-28640	57	30	investment	investment	NOUN
fbem-28640	57	31	.	.	PUNCT
fbem-28640	58	1	strong	strong	ADJ
fbem-28640	58	2	formal	formal	ADJ
fbem-28640	58	3	institutions	institution	NOUN
fbem-28640	58	4	enhance	enhance	VERB
fbem-28640	58	5	this	this	DET
fbem-28640	58	6	dynamic	dynamic	NOUN
fbem-28640	58	7	by	by	ADP
fbem-28640	58	8	providing	provide	VERB
fbem-28640	58	9	a	a	DET
fbem-28640	58	10	stable	stable	ADJ
fbem-28640	58	11	environment	environment	NOUN
fbem-28640	58	12	for	for	ADP
fbem-28640	58	13	startup	startup	NOUN
fbem-28640	58	14	growth	growth	NOUN
fbem-28640	58	15	.	.	PUNCT
fbem-28640	59	1	conversely	conversely	ADV
fbem-28640	59	2	,	,	PUNCT
fbem-28640	59	3	china	china	PROPN
fbem-28640	59	4	's	's	PART
fbem-28640	59	5	collectivist	collectivist	ADJ
fbem-28640	59	6	culture	culture	NOUN
fbem-28640	59	7	and	and	CCONJ
fbem-28640	59	8	higher	high	ADJ
fbem-28640	59	9	power	power	NOUN
fbem-28640	59	10	distance	distance	NOUN
fbem-28640	59	11	create	create	VERB
fbem-28640	59	12	a	a	DET
fbem-28640	59	13	distinct	distinct	ADJ
fbem-28640	59	14	vc	vc	NOUN
fbem-28640	59	15	landscape	landscape	NOUN
fbem-28640	59	16	,	,	PUNCT
fbem-28640	59	17	where	where	SCONJ
fbem-28640	59	18	formal	formal	ADJ
fbem-28640	59	19	institutions	institution	NOUN
fbem-28640	59	20	may	may	AUX
fbem-28640	59	21	encourage	encourage	VERB
fbem-28640	59	22	activity	activity	NOUN
fbem-28640	59	23	,	,	PUNCT
fbem-28640	59	24	but	but	CCONJ
fbem-28640	59	25	their	their	PRON
fbem-28640	59	26	impact	impact	NOUN
fbem-28640	59	27	is	be	AUX
fbem-28640	59	28	less	less	ADV
fbem-28640	59	29	pronounced	pronounce	VERB
fbem-28640	59	30	in	in	ADP
fbem-28640	59	31	a	a	DET
fbem-28640	59	32	context	context	NOUN
fbem-28640	59	33	marked	mark	VERB
fbem-28640	59	34	by	by	ADP
fbem-28640	59	35	high	high	ADJ
fbem-28640	59	36	uncertainty	uncertainty	NOUN
fbem-28640	59	37	avoidance	avoidance	NOUN
fbem-28640	59	38	[	[	X
fbem-28640	59	39	4	4	NUM
fbem-28640	59	40	]	]	PUNCT
fbem-28640	59	41	.	.	PUNCT
fbem-28640	60	1	benes	benes	PROPN
fbem-28640	60	2	’s	’s	PART
fbem-28640	60	3	study	study	NOUN
fbem-28640	60	4	examines	examine	VERB
fbem-28640	60	5	early	early	ADJ
fbem-28640	60	6	-	-	PUNCT
fbem-28640	60	7	stage	stage	NOUN
fbem-28640	60	8	vc	vc	NOUN
fbem-28640	60	9	investments	investment	NOUN
fbem-28640	60	10	across	across	ADP
fbem-28640	60	11	16	16	NUM
fbem-28640	60	12	countries	country	NOUN
fbem-28640	60	13	from	from	ADP
fbem-28640	60	14	1995	1995	NUM
fbem-28640	60	15	to	to	ADP
fbem-28640	60	16	2013	2013	NUM
fbem-28640	60	17	,	,	PUNCT
fbem-28640	60	18	identifying	identify	VERB
fbem-28640	60	19	that	that	SCONJ
fbem-28640	60	20	open	open	ADJ
fbem-28640	60	21	trade	trade	NOUN
fbem-28640	60	22	policies	policy	NOUN
fbem-28640	60	23	,	,	PUNCT
fbem-28640	60	24	increased	increase	VERB
fbem-28640	60	25	r&d	r&d	NOUN
fbem-28640	60	26	spending	spending	NOUN
fbem-28640	60	27	,	,	PUNCT
fbem-28640	60	28	and	and	CCONJ
fbem-28640	60	29	favorable	favorable	ADJ
fbem-28640	60	30	stock	stock	NOUN
fbem-28640	60	31	market	market	NOUN
fbem-28640	60	32	conditions	condition	NOUN
fbem-28640	60	33	boost	boost	VERB
fbem-28640	60	34	vc	vc	PROPN
fbem-28640	60	35	levels	level	NOUN
fbem-28640	60	36	,	,	PUNCT
fbem-28640	60	37	while	while	SCONJ
fbem-28640	60	38	higher	high	ADJ
fbem-28640	60	39	unemployment	unemployment	NOUN
fbem-28640	60	40	and	and	CCONJ
fbem-28640	60	41	greater	great	ADJ
fbem-28640	60	42	uncertainty	uncertainty	NOUN
fbem-28640	60	43	avoidance	avoidance	NOUN
fbem-28640	60	44	hinder	hinder	VERB
fbem-28640	60	45	them	they	PRON
fbem-28640	60	46	.	.	PUNCT
fbem-28640	61	1	it	it	PRON
fbem-28640	61	2	emphasizes	emphasize	VERB
fbem-28640	61	3	the	the	DET
fbem-28640	61	4	importance	importance	NOUN
fbem-28640	61	5	of	of	ADP
fbem-28640	61	6	angel	angel	NOUN
fbem-28640	61	7	investments	investment	NOUN
fbem-28640	61	8	as	as	ADP
fbem-28640	61	9	a	a	DET
fbem-28640	61	10	precursor	precursor	NOUN
fbem-28640	61	11	to	to	ADP
fbem-28640	61	12	formal	formal	ADJ
fbem-28640	61	13	vc	vc	PROPN
fbem-28640	61	14	funding	funding	PROPN
fbem-28640	61	15	,	,	PUNCT
fbem-28640	61	16	particularly	particularly	ADV
fbem-28640	61	17	in	in	ADP
fbem-28640	61	18	the	the	DET
fbem-28640	61	19	u.s	u.s	PROPN
fbem-28640	61	20	.	.	PROPN
fbem-28640	61	21	and	and	CCONJ
fbem-28640	61	22	europe	europe	PROPN
fbem-28640	61	23	,	,	PUNCT
fbem-28640	61	24	which	which	PRON
fbem-28640	61	25	is	be	AUX
fbem-28640	61	26	relevant	relevant	ADJ
fbem-28640	61	27	for	for	ADP
fbem-28640	61	28	understanding	understand	VERB
fbem-28640	61	29	the	the	DET
fbem-28640	61	30	fintech	fintech	NOUN
fbem-28640	61	31	ecosystems	ecosystem	NOUN
fbem-28640	61	32	in	in	ADP
fbem-28640	61	33	china	china	PROPN
fbem-28640	61	34	and	and	CCONJ
fbem-28640	61	35	the	the	DET
fbem-28640	61	36	u.s	u.s	PROPN
fbem-28640	61	37	.	.	PROPN
fbem-28640	62	1	[	[	X
fbem-28640	62	2	5	5	NUM
fbem-28640	62	3	]	]	PUNCT
fbem-28640	62	4	.	.	PUNCT
fbem-28640	63	1	moreover	moreover	ADV
fbem-28640	63	2	,	,	PUNCT
fbem-28640	63	3	marino	marino	PROPN
fbem-28640	63	4	et	et	PROPN
fbem-28640	63	5	al	al	PROPN
fbem-28640	63	6	.	.	PROPN
fbem-28640	63	7	emphasize	emphasize	VERB
fbem-28640	63	8	that	that	SCONJ
fbem-28640	63	9	cultural	cultural	ADJ
fbem-28640	63	10	traits	trait	NOUN
fbem-28640	63	11	detrimental	detrimental	ADJ
fbem-28640	63	12	to	to	PART
fbem-28640	63	13	risk	risk	NOUN
fbem-28640	63	14	-	-	PUNCT
fbem-28640	63	15	taking	taking	NOUN
fbem-28640	63	16	and	and	CCONJ
fbem-28640	63	17	proactiveness	proactiveness	NOUN
fbem-28640	63	18	can	can	AUX
fbem-28640	63	19	hinder	hinder	VERB
fbem-28640	63	20	startups	startup	NOUN
fbem-28640	63	21	'	'	PART
fbem-28640	63	22	ability	ability	NOUN
fbem-28640	63	23	to	to	PART
fbem-28640	63	24	secure	secure	VERB
fbem-28640	63	25	vc	vc	PROPN
fbem-28640	63	26	funding	funding	NOUN
fbem-28640	63	27	[	[	X
fbem-28640	63	28	6	6	NUM
fbem-28640	63	29	]	]	PUNCT
fbem-28640	63	30	.	.	PUNCT
fbem-28640	64	1	lastly	lastly	ADV
fbem-28640	64	2	,	,	PUNCT
fbem-28640	64	3	hua	hua	PROPN
fbem-28640	64	4	and	and	CCONJ
fbem-28640	64	5	shen	shen	PROPN
fbem-28640	64	6	highlight	highlight	VERB
fbem-28640	64	7	that	that	PRON
fbem-28640	64	8	dialect	dialect	VERB
fbem-28640	64	9	diversity	diversity	NOUN
fbem-28640	64	10	in	in	ADP
fbem-28640	64	11	china	china	PROPN
fbem-28640	64	12	can	can	AUX
fbem-28640	64	13	restrict	restrict	VERB
fbem-28640	64	14	innovation	innovation	NOUN
fbem-28640	64	15	and	and	CCONJ
fbem-28640	64	16	limit	limit	VERB
fbem-28640	64	17	vc	vc	NOUN
fbem-28640	64	18	availability	availability	NOUN
fbem-28640	64	19	by	by	ADP
fbem-28640	64	20	creating	create	VERB
fbem-28640	64	21	communication	communication	NOUN
fbem-28640	64	22	barriers	barrier	NOUN
fbem-28640	64	23	[	[	X
fbem-28640	64	24	7	7	NUM
fbem-28640	64	25	]	]	PUNCT
fbem-28640	64	26	.	.	PUNCT
fbem-28640	65	1	moreover	moreover	ADV
fbem-28640	65	2	,	,	PUNCT
fbem-28640	65	3	cultural	cultural	ADJ
fbem-28640	65	4	differences	difference	NOUN
fbem-28640	65	5	have	have	AUX
fbem-28640	65	6	been	be	AUX
fbem-28640	65	7	widely	widely	ADV
fbem-28640	65	8	studied	study	VERB
fbem-28640	65	9	in	in	ADP
fbem-28640	65	10	behavioral	behavioral	ADJ
fbem-28640	65	11	economics	economic	NOUN
fbem-28640	65	12	.	.	PUNCT
fbem-28640	66	1	qian	qian	PROPN
fbem-28640	66	2	ye	ye	PROPN
fbem-28640	66	3	’s	’s	PROPN
fbem-28640	66	4	paper	paper	NOUN
fbem-28640	66	5	explores	explore	VERB
fbem-28640	66	6	the	the	DET
fbem-28640	66	7	impact	impact	NOUN
fbem-28640	66	8	of	of	ADP
fbem-28640	66	9	these	these	DET
fbem-28640	66	10	differences	difference	NOUN
fbem-28640	66	11	on	on	ADP
fbem-28640	66	12	vc	vc	PROPN
fbem-28640	66	13	-	-	PUNCT
fbem-28640	66	14	ceo	ceo	NOUN
fbem-28640	66	15	interactions	interaction	NOUN
fbem-28640	66	16	in	in	ADP
fbem-28640	66	17	cross	cross	ADJ
fbem-28640	66	18	-	-	ADJ
fbem-28640	66	19	border	border	ADJ
fbem-28640	66	20	contexts	context	NOUN
fbem-28640	66	21	.	.	PUNCT
fbem-28640	67	1	using	use	VERB
fbem-28640	67	2	agency	agency	NOUN
fbem-28640	67	3	theory	theory	NOUN
fbem-28640	67	4	,	,	PUNCT
fbem-28640	67	5	the	the	DET
fbem-28640	67	6	study	study	NOUN
fbem-28640	67	7	suggests	suggest	VERB
fbem-28640	67	8	that	that	SCONJ
fbem-28640	67	9	cultural	cultural	ADJ
fbem-28640	67	10	mismatches	mismatch	NOUN
fbem-28640	67	11	influence	influence	NOUN
fbem-28640	67	12	vcs	vcs	PROPN
fbem-28640	67	13	’	'	PUNCT
fbem-28640	67	14	assessments	assessment	NOUN
fbem-28640	67	15	of	of	ADP
fbem-28640	67	16	agency	agency	NOUN
fbem-28640	67	17	risk	risk	NOUN
fbem-28640	67	18	and	and	CCONJ
fbem-28640	67	19	uncertainty	uncertainty	NOUN
fbem-28640	67	20	,	,	PUNCT
fbem-28640	67	21	affecting	affect	VERB
fbem-28640	67	22	the	the	DET
fbem-28640	67	23	frequency	frequency	NOUN
fbem-28640	67	24	and	and	CCONJ
fbem-28640	67	25	nature	nature	NOUN
fbem-28640	67	26	of	of	ADP
fbem-28640	67	27	their	their	PRON
fbem-28640	67	28	interactions	interaction	NOUN
fbem-28640	67	29	with	with	ADP
fbem-28640	67	30	ceos	ceo	NOUN
fbem-28640	67	31	.	.	PUNCT
fbem-28640	68	1	vcs	vcs	PROPN
fbem-28640	68	2	from	from	ADP
fbem-28640	68	3	high	high	ADJ
fbem-28640	68	4	uncertainty	uncertainty	NOUN
fbem-28640	68	5	-	-	PUNCT
fbem-28640	68	6	avoidance	avoidance	NOUN
fbem-28640	68	7	cultures	culture	NOUN
fbem-28640	68	8	may	may	AUX
fbem-28640	68	9	prefer	prefer	VERB
fbem-28640	68	10	closer	close	ADJ
fbem-28640	68	11	oversight	oversight	NOUN
fbem-28640	68	12	and	and	CCONJ
fbem-28640	68	13	stricter	strict	ADJ
fbem-28640	68	14	governance	governance	NOUN
fbem-28640	68	15	mechanisms	mechanism	NOUN
fbem-28640	68	16	,	,	PUNCT
fbem-28640	68	17	while	while	SCONJ
fbem-28640	68	18	those	those	PRON
fbem-28640	68	19	from	from	ADP
fbem-28640	68	20	individualistic	individualistic	ADJ
fbem-28640	68	21	cultures	culture	NOUN
fbem-28640	68	22	may	may	AUX
fbem-28640	68	23	favor	favor	VERB
fbem-28640	68	24	ceo	ceo	NOUN
fbem-28640	68	25	autonomy	autonomy	NOUN
fbem-28640	68	26	[	[	X
fbem-28640	68	27	8	8	NUM
fbem-28640	68	28	]	]	PUNCT
fbem-28640	68	29	.	.	PUNCT
fbem-28640	69	1	this	this	DET
fbem-28640	69	2	nuanced	nuanced	ADJ
fbem-28640	69	3	understanding	understanding	NOUN
fbem-28640	69	4	of	of	ADP
fbem-28640	69	5	cultural	cultural	ADJ
fbem-28640	69	6	influences	influence	NOUN
fbem-28640	69	7	is	be	AUX
fbem-28640	69	8	crucial	crucial	ADJ
fbem-28640	69	9	for	for	ADP
fbem-28640	69	10	entrepreneurs	entrepreneur	NOUN
fbem-28640	69	11	in	in	ADP
fbem-28640	69	12	both	both	DET
fbem-28640	69	13	china	china	PROPN
fbem-28640	69	14	and	and	CCONJ
fbem-28640	69	15	the	the	DET
fbem-28640	69	16	u.s	u.s	PROPN
fbem-28640	69	17	.	.	PROPN
fbem-28640	69	18	,	,	PUNCT
fbem-28640	69	19	underscoring	underscore	VERB
fbem-28640	69	20	the	the	DET
fbem-28640	69	21	importance	importance	NOUN
fbem-28640	69	22	of	of	ADP
fbem-28640	69	23	cultural	cultural	ADJ
fbem-28640	69	24	awareness	awareness	NOUN
fbem-28640	69	25	to	to	PART
fbem-28640	69	26	support	support	VERB
fbem-28640	69	27	fintech	fintech	NOUN
fbem-28640	69	28	startup	startup	NOUN
fbem-28640	69	29	growth	growth	NOUN
fbem-28640	69	30	in	in	ADP
fbem-28640	69	31	each	each	DET
fbem-28640	69	32	venture	venture	NOUN
fbem-28640	69	33	capital	capital	NOUN
fbem-28640	69	34	ecosystem	ecosystem	NOUN
fbem-28640	69	35	.	.	PUNCT
fbem-28640	70	1	2.4	2.4	NUM
fbem-28640	70	2	.	.	PUNCT
fbem-28640	71	1	market	market	NOUN
fbem-28640	71	2	structures	structure	NOUN
fbem-28640	71	3	and	and	CCONJ
fbem-28640	71	4	fintech	fintech	NOUN
fbem-28640	71	5	this	this	DET
fbem-28640	71	6	section	section	NOUN
fbem-28640	71	7	examines	examine	VERB
fbem-28640	71	8	how	how	SCONJ
fbem-28640	71	9	variations	variation	NOUN
fbem-28640	71	10	in	in	ADP
fbem-28640	71	11	market	market	NOUN
fbem-28640	71	12	structure	structure	NOUN
fbem-28640	71	13	,	,	PUNCT
fbem-28640	71	14	388	388	NUM
fbem-28640	71	15	regulatory	regulatory	ADJ
fbem-28640	71	16	frameworks	framework	NOUN
fbem-28640	71	17	,	,	PUNCT
fbem-28640	71	18	and	and	CCONJ
fbem-28640	71	19	ownership	ownership	NOUN
fbem-28640	71	20	dynamics	dynamic	NOUN
fbem-28640	71	21	shape	shape	NOUN
fbem-28640	71	22	fintech	fintech	NOUN
fbem-28640	71	23	development	development	NOUN
fbem-28640	71	24	and	and	CCONJ
fbem-28640	71	25	stability	stability	NOUN
fbem-28640	71	26	,	,	PUNCT
fbem-28640	71	27	encouraging	encourage	VERB
fbem-28640	71	28	venture	venture	NOUN
fbem-28640	71	29	capitalists	capitalist	NOUN
fbem-28640	71	30	to	to	PART
fbem-28640	71	31	tailor	tailor	VERB
fbem-28640	71	32	their	their	PRON
fbem-28640	71	33	strategies	strategy	NOUN
fbem-28640	71	34	to	to	ADP
fbem-28640	71	35	each	each	DET
fbem-28640	71	36	market	market	NOUN
fbem-28640	71	37	’s	’s	PART
fbem-28640	71	38	specific	specific	ADJ
fbem-28640	71	39	advantages	advantage	NOUN
fbem-28640	71	40	and	and	CCONJ
fbem-28640	71	41	challenges	challenge	NOUN
fbem-28640	71	42	.	.	PUNCT
fbem-28640	72	1	by	by	ADP
fbem-28640	72	2	analyzing	analyze	VERB
fbem-28640	72	3	these	these	DET
fbem-28640	72	4	elements	element	NOUN
fbem-28640	72	5	,	,	PUNCT
fbem-28640	72	6	the	the	DET
fbem-28640	72	7	comparative	comparative	ADJ
fbem-28640	72	8	analysis	analysis	NOUN
fbem-28640	72	9	of	of	ADP
fbem-28640	72	10	fintech	fintech	NOUN
fbem-28640	72	11	ecosystems	ecosystem	NOUN
fbem-28640	72	12	is	be	AUX
fbem-28640	72	13	deepened	deepen	VERB
fbem-28640	72	14	,	,	PUNCT
fbem-28640	72	15	illustrating	illustrate	VERB
fbem-28640	72	16	how	how	SCONJ
fbem-28640	72	17	customized	customize	VERB
fbem-28640	72	18	policies	policy	NOUN
fbem-28640	72	19	and	and	CCONJ
fbem-28640	72	20	market	market	NOUN
fbem-28640	72	21	conditions	condition	NOUN
fbem-28640	72	22	influence	influence	NOUN
fbem-28640	72	23	venture	venture	NOUN
fbem-28640	72	24	capital	capital	NOUN
fbem-28640	72	25	's	's	PART
fbem-28640	72	26	role	role	NOUN
fbem-28640	72	27	in	in	ADP
fbem-28640	72	28	driving	drive	VERB
fbem-28640	72	29	growth	growth	NOUN
fbem-28640	72	30	within	within	ADP
fbem-28640	72	31	the	the	DET
fbem-28640	72	32	fintech	fintech	NOUN
fbem-28640	72	33	sectors	sector	NOUN
fbem-28640	72	34	of	of	ADP
fbem-28640	72	35	each	each	DET
fbem-28640	72	36	country	country	NOUN
fbem-28640	72	37	.	.	PUNCT
fbem-28640	73	1	the	the	DET
fbem-28640	73	2	relationship	relationship	NOUN
fbem-28640	73	3	between	between	ADP
fbem-28640	73	4	market	market	NOUN
fbem-28640	73	5	structures	structure	NOUN
fbem-28640	73	6	and	and	CCONJ
fbem-28640	73	7	fintech	fintech	NOUN
fbem-28640	73	8	development	development	NOUN
fbem-28640	73	9	is	be	AUX
fbem-28640	73	10	shaped	shape	VERB
fbem-28640	73	11	by	by	ADP
fbem-28640	73	12	various	various	ADJ
fbem-28640	73	13	factors	factor	NOUN
fbem-28640	73	14	,	,	PUNCT
fbem-28640	73	15	including	include	VERB
fbem-28640	73	16	regulatory	regulatory	ADJ
fbem-28640	73	17	frameworks	framework	NOUN
fbem-28640	73	18	,	,	PUNCT
fbem-28640	73	19	ownership	ownership	NOUN
fbem-28640	73	20	dynamics	dynamic	NOUN
fbem-28640	73	21	,	,	PUNCT
fbem-28640	73	22	and	and	CCONJ
fbem-28640	73	23	the	the	DET
fbem-28640	73	24	specific	specific	ADJ
fbem-28640	73	25	segments	segment	NOUN
fbem-28640	73	26	of	of	ADP
fbem-28640	73	27	fintech	fintech	NOUN
fbem-28640	73	28	.	.	PUNCT
fbem-28640	74	1	fintech	fintech	NOUN
fbem-28640	74	2	development	development	NOUN
fbem-28640	74	3	can	can	AUX
fbem-28640	74	4	negatively	negatively	ADV
fbem-28640	74	5	impact	impact	VERB
fbem-28640	74	6	financial	financial	ADJ
fbem-28640	74	7	stability	stability	NOUN
fbem-28640	74	8	in	in	ADP
fbem-28640	74	9	emerging	emerge	VERB
fbem-28640	74	10	markets	market	NOUN
fbem-28640	74	11	,	,	PUNCT
fbem-28640	74	12	as	as	SCONJ
fbem-28640	74	13	seen	see	VERB
fbem-28640	74	14	in	in	ADP
fbem-28640	74	15	vietnam	vietnam	PROPN
fbem-28640	74	16	,	,	PUNCT
fbem-28640	74	17	where	where	SCONJ
fbem-28640	74	18	the	the	DET
fbem-28640	74	19	growth	growth	NOUN
fbem-28640	74	20	of	of	ADP
fbem-28640	74	21	fintech	fintech	NOUN
fbem-28640	74	22	has	have	AUX
fbem-28640	74	23	led	lead	VERB
fbem-28640	74	24	to	to	ADP
fbem-28640	74	25	increased	increase	VERB
fbem-28640	74	26	instability	instability	NOUN
fbem-28640	74	27	in	in	ADP
fbem-28640	74	28	banks	bank	NOUN
fbem-28640	74	29	,	,	PUNCT
fbem-28640	74	30	though	though	SCONJ
fbem-28640	74	31	market	market	NOUN
fbem-28640	74	32	discipline	discipline	NOUN
fbem-28640	74	33	helps	help	VERB
fbem-28640	74	34	mitigate	mitigate	VERB
fbem-28640	74	35	these	these	DET
fbem-28640	74	36	effects	effect	NOUN
fbem-28640	74	37	,	,	PUNCT
fbem-28640	74	38	especially	especially	ADV
fbem-28640	74	39	for	for	ADP
fbem-28640	74	40	less	less	ADV
fbem-28640	74	41	stable	stable	ADJ
fbem-28640	74	42	banks	bank	NOUN
fbem-28640	75	1	[	[	X
fbem-28640	75	2	9	9	NUM
fbem-28640	75	3	]	]	PUNCT
fbem-28640	75	4	.	.	PUNCT
fbem-28640	76	1	ownership	ownership	NOUN
fbem-28640	76	2	structures	structure	NOUN
fbem-28640	76	3	,	,	PUNCT
fbem-28640	76	4	such	such	ADJ
fbem-28640	76	5	as	as	ADP
fbem-28640	76	6	state	state	NOUN
fbem-28640	76	7	versus	versus	ADP
fbem-28640	76	8	foreign	foreign	ADJ
fbem-28640	76	9	ownership	ownership	NOUN
fbem-28640	76	10	,	,	PUNCT
fbem-28640	76	11	also	also	ADV
fbem-28640	76	12	play	play	VERB
fbem-28640	76	13	a	a	DET
fbem-28640	76	14	significant	significant	ADJ
fbem-28640	76	15	role	role	NOUN
fbem-28640	76	16	in	in	ADP
fbem-28640	76	17	influencing	influence	VERB
fbem-28640	76	18	market	market	NOUN
fbem-28640	76	19	dynamics	dynamic	NOUN
fbem-28640	76	20	.	.	PUNCT
fbem-28640	77	1	additionally	additionally	ADV
fbem-28640	77	2	,	,	PUNCT
fbem-28640	77	3	the	the	DET
fbem-28640	77	4	expansion	expansion	NOUN
fbem-28640	77	5	of	of	ADP
fbem-28640	77	6	fintech	fintech	NOUN
fbem-28640	77	7	segments	segment	NOUN
fbem-28640	77	8	like	like	ADP
fbem-28640	77	9	cryptocurrency	cryptocurrency	NOUN
fbem-28640	77	10	and	and	CCONJ
fbem-28640	77	11	peer	peer	NOUN
fbem-28640	77	12	-	-	PUNCT
fbem-28640	77	13	to	to	ADP
fbem-28640	77	14	-	-	PUNCT
fbem-28640	77	15	peer	peer	NOUN
fbem-28640	77	16	lending	lending	NOUN
fbem-28640	77	17	varies	vary	VERB
fbem-28640	77	18	significantly	significantly	ADV
fbem-28640	77	19	based	base	VERB
fbem-28640	77	20	on	on	ADP
fbem-28640	77	21	country	country	NOUN
fbem-28640	77	22	-	-	PUNCT
fbem-28640	77	23	specific	specific	ADJ
fbem-28640	77	24	determinants	determinant	NOUN
fbem-28640	77	25	,	,	PUNCT
fbem-28640	77	26	indicating	indicate	VERB
fbem-28640	77	27	that	that	SCONJ
fbem-28640	77	28	tailored	tailor	VERB
fbem-28640	77	29	policies	policy	NOUN
fbem-28640	77	30	are	be	AUX
fbem-28640	77	31	necessary	necessary	ADJ
fbem-28640	77	32	to	to	PART
fbem-28640	77	33	foster	foster	VERB
fbem-28640	77	34	growth	growth	NOUN
fbem-28640	77	35	in	in	ADP
fbem-28640	77	36	areas	area	NOUN
fbem-28640	77	37	where	where	SCONJ
fbem-28640	77	38	markets	market	NOUN
fbem-28640	77	39	have	have	VERB
fbem-28640	77	40	a	a	DET
fbem-28640	77	41	competitive	competitive	ADJ
fbem-28640	77	42	advantage	advantage	NOUN
fbem-28640	77	43	[	[	X
fbem-28640	77	44	10	10	NUM
fbem-28640	77	45	]	]	PUNCT
fbem-28640	77	46	.	.	PUNCT
fbem-28640	78	1	in	in	ADP
fbem-28640	78	2	the	the	DET
fbem-28640	78	3	context	context	NOUN
fbem-28640	78	4	of	of	ADP
fbem-28640	78	5	china	china	PROPN
fbem-28640	78	6	,	,	PUNCT
fbem-28640	78	7	the	the	DET
fbem-28640	78	8	financial	financial	ADJ
fbem-28640	78	9	market	market	NOUN
fbem-28640	78	10	’s	’s	PART
fbem-28640	78	11	development	development	NOUN
fbem-28640	78	12	has	have	AUX
fbem-28640	78	13	been	be	AUX
fbem-28640	78	14	hindered	hinder	VERB
fbem-28640	78	15	by	by	ADP
fbem-28640	78	16	structural	structural	ADJ
fbem-28640	78	17	imbalances	imbalance	NOUN
fbem-28640	78	18	,	,	PUNCT
fbem-28640	78	19	and	and	CCONJ
fbem-28640	78	20	efforts	effort	NOUN
fbem-28640	78	21	are	be	AUX
fbem-28640	78	22	underway	underway	ADJ
fbem-28640	78	23	to	to	PART
fbem-28640	78	24	create	create	VERB
fbem-28640	78	25	a	a	DET
fbem-28640	78	26	more	more	ADV
fbem-28640	78	27	efficient	efficient	ADJ
fbem-28640	78	28	and	and	CCONJ
fbem-28640	78	29	highquality	highquality	NOUN
fbem-28640	78	30	market	market	NOUN
fbem-28640	78	31	structure	structure	NOUN
fbem-28640	78	32	to	to	PART
fbem-28640	78	33	better	well	ADV
fbem-28640	78	34	allocate	allocate	VERB
fbem-28640	78	35	resources	resource	NOUN
fbem-28640	79	1	[	[	X
fbem-28640	79	2	11	11	NUM
fbem-28640	79	3	]	]	PUNCT
fbem-28640	79	4	.	.	PUNCT
fbem-28640	80	1	the	the	DET
fbem-28640	80	2	interaction	interaction	NOUN
fbem-28640	80	3	between	between	ADP
fbem-28640	80	4	market	market	NOUN
fbem-28640	80	5	structures	structure	NOUN
fbem-28640	80	6	and	and	CCONJ
fbem-28640	80	7	fintech	fintech	NOUN
fbem-28640	80	8	development	development	NOUN
fbem-28640	80	9	underscores	underscore	VERB
fbem-28640	80	10	the	the	DET
fbem-28640	80	11	crucial	crucial	ADJ
fbem-28640	80	12	role	role	NOUN
fbem-28640	80	13	of	of	ADP
fbem-28640	80	14	regulatory	regulatory	ADJ
fbem-28640	80	15	environments	environment	NOUN
fbem-28640	80	16	,	,	PUNCT
fbem-28640	80	17	ownership	ownership	NOUN
fbem-28640	80	18	models	model	NOUN
fbem-28640	80	19	,	,	PUNCT
fbem-28640	80	20	and	and	CCONJ
fbem-28640	80	21	targeted	target	VERB
fbem-28640	80	22	policies	policy	NOUN
fbem-28640	80	23	in	in	ADP
fbem-28640	80	24	shaping	shape	VERB
fbem-28640	80	25	fintech	fintech	NOUN
fbem-28640	80	26	markets	market	NOUN
fbem-28640	80	27	'	'	PART
fbem-28640	80	28	growth	growth	NOUN
fbem-28640	80	29	,	,	PUNCT
fbem-28640	80	30	stability	stability	NOUN
fbem-28640	80	31	,	,	PUNCT
fbem-28640	80	32	and	and	CCONJ
fbem-28640	80	33	efficiency	efficiency	NOUN
fbem-28640	80	34	.	.	PUNCT
fbem-28640	81	1	examining	examine	VERB
fbem-28640	81	2	how	how	SCONJ
fbem-28640	81	3	market	market	NOUN
fbem-28640	81	4	structure	structure	NOUN
fbem-28640	81	5	influences	influence	VERB
fbem-28640	81	6	fintech	fintech	NOUN
fbem-28640	81	7	evolution	evolution	NOUN
fbem-28640	81	8	is	be	AUX
fbem-28640	81	9	essential	essential	ADJ
fbem-28640	81	10	for	for	ADP
fbem-28640	81	11	understanding	understand	VERB
fbem-28640	81	12	venture	venture	NOUN
fbem-28640	81	13	capital	capital	NOUN
fbem-28640	81	14	's	's	PART
fbem-28640	81	15	role	role	NOUN
fbem-28640	81	16	within	within	ADP
fbem-28640	81	17	the	the	DET
fbem-28640	81	18	distinct	distinct	ADJ
fbem-28640	81	19	fintech	fintech	NOUN
fbem-28640	81	20	landscapes	landscape	NOUN
fbem-28640	81	21	of	of	ADP
fbem-28640	81	22	china	china	PROPN
fbem-28640	81	23	and	and	CCONJ
fbem-28640	81	24	the	the	DET
fbem-28640	81	25	united	united	PROPN
fbem-28640	81	26	states	states	PROPN
fbem-28640	81	27	.	.	PUNCT
fbem-28640	82	1	china	china	PROPN
fbem-28640	82	2	's	's	PART
fbem-28640	82	3	unique	unique	ADJ
fbem-28640	82	4	political	political	ADJ
fbem-28640	82	5	system	system	NOUN
fbem-28640	82	6	,	,	PUNCT
fbem-28640	82	7	characterized	characterize	VERB
fbem-28640	82	8	by	by	ADP
fbem-28640	82	9	a	a	DET
fbem-28640	82	10	socialist	socialist	ADJ
fbem-28640	82	11	economic	economic	ADJ
fbem-28640	82	12	model	model	NOUN
fbem-28640	82	13	with	with	ADP
fbem-28640	82	14	chinese	chinese	ADJ
fbem-28640	82	15	characteristics	characteristic	NOUN
fbem-28640	82	16	,	,	PUNCT
fbem-28640	82	17	results	result	NOUN
fbem-28640	82	18	in	in	ADP
fbem-28640	82	19	a	a	DET
fbem-28640	82	20	concentrated	concentrated	ADJ
fbem-28640	82	21	market	market	NOUN
fbem-28640	82	22	where	where	SCONJ
fbem-28640	82	23	strong	strong	ADJ
fbem-28640	82	24	government	government	NOUN
fbem-28640	82	25	involvement	involvement	NOUN
fbem-28640	82	26	creates	create	VERB
fbem-28640	82	27	a	a	DET
fbem-28640	82	28	sharply	sharply	ADV
fbem-28640	82	29	contrasting	contrast	VERB
fbem-28640	82	30	environment	environment	NOUN
fbem-28640	82	31	to	to	ADP
fbem-28640	82	32	the	the	DET
fbem-28640	82	33	decentralized	decentralize	VERB
fbem-28640	82	34	,	,	PUNCT
fbem-28640	82	35	highly	highly	ADV
fbem-28640	82	36	competitive	competitive	ADJ
fbem-28640	82	37	u.s	u.s	PROPN
fbem-28640	82	38	.	.	PROPN
fbem-28640	82	39	market	market	NOUN
fbem-28640	82	40	.	.	PUNCT
fbem-28640	83	1	this	this	DET
fbem-28640	83	2	divergence	divergence	NOUN
fbem-28640	83	3	shapes	shape	NOUN
fbem-28640	83	4	each	each	DET
fbem-28640	83	5	market	market	NOUN
fbem-28640	83	6	’s	’s	PART
fbem-28640	83	7	regulatory	regulatory	ADJ
fbem-28640	83	8	frameworks	framework	NOUN
fbem-28640	83	9	,	,	PUNCT
fbem-28640	83	10	cultural	cultural	ADJ
fbem-28640	83	11	expectations	expectation	NOUN
fbem-28640	83	12	,	,	PUNCT
fbem-28640	83	13	and	and	CCONJ
fbem-28640	83	14	competitive	competitive	ADJ
fbem-28640	83	15	dynamics	dynamic	NOUN
fbem-28640	83	16	,	,	PUNCT
fbem-28640	83	17	all	all	PRON
fbem-28640	83	18	of	of	ADP
fbem-28640	83	19	which	which	PRON
fbem-28640	83	20	significantly	significantly	ADV
fbem-28640	83	21	impact	impact	VERB
fbem-28640	83	22	fintech	fintech	NOUN
fbem-28640	83	23	growth	growth	NOUN
fbem-28640	83	24	trajectories	trajectory	NOUN
fbem-28640	83	25	and	and	CCONJ
fbem-28640	83	26	venture	venture	NOUN
fbem-28640	83	27	capital	capital	NOUN
fbem-28640	83	28	strategies	strategy	NOUN
fbem-28640	83	29	.	.	PUNCT
fbem-28640	84	1	despite	despite	SCONJ
fbem-28640	84	2	previous	previous	ADJ
fbem-28640	84	3	studies	study	NOUN
fbem-28640	84	4	examining	examine	VERB
fbem-28640	84	5	venture	venture	NOUN
fbem-28640	84	6	capital	capital	NOUN
fbem-28640	84	7	and	and	CCONJ
fbem-28640	84	8	fintech	fintech	NOUN
fbem-28640	84	9	startups	startup	NOUN
fbem-28640	84	10	in	in	ADP
fbem-28640	84	11	both	both	DET
fbem-28640	84	12	china	china	PROPN
fbem-28640	84	13	and	and	CCONJ
fbem-28640	84	14	the	the	DET
fbem-28640	84	15	united	united	PROPN
fbem-28640	84	16	states	states	PROPN
fbem-28640	84	17	,	,	PUNCT
fbem-28640	84	18	there	there	PRON
fbem-28640	84	19	remains	remain	VERB
fbem-28640	84	20	a	a	DET
fbem-28640	84	21	notable	notable	ADJ
fbem-28640	84	22	gap	gap	NOUN
fbem-28640	84	23	in	in	ADP
fbem-28640	84	24	the	the	DET
fbem-28640	84	25	literature	literature	NOUN
fbem-28640	84	26	regarding	regard	VERB
fbem-28640	84	27	a	a	DET
fbem-28640	84	28	systematic	systematic	ADJ
fbem-28640	84	29	comparison	comparison	NOUN
fbem-28640	84	30	of	of	ADP
fbem-28640	84	31	how	how	SCONJ
fbem-28640	84	32	cultural	cultural	ADJ
fbem-28640	84	33	and	and	CCONJ
fbem-28640	84	34	market	market	NOUN
fbem-28640	84	35	structural	structural	ADJ
fbem-28640	84	36	differences	difference	NOUN
fbem-28640	84	37	in	in	ADP
fbem-28640	84	38	these	these	DET
fbem-28640	84	39	two	two	NUM
fbem-28640	84	40	countries	country	NOUN
fbem-28640	84	41	affect	affect	VERB
fbem-28640	84	42	fintech	fintech	NOUN
fbem-28640	84	43	startups	startup	NOUN
fbem-28640	84	44	.	.	PUNCT
fbem-28640	85	1	existing	exist	VERB
fbem-28640	85	2	research	research	NOUN
fbem-28640	85	3	has	have	AUX
fbem-28640	85	4	largely	largely	ADV
fbem-28640	85	5	focused	focus	VERB
fbem-28640	85	6	on	on	ADP
fbem-28640	85	7	thematic	thematic	ADJ
fbem-28640	85	8	comparisons	comparison	NOUN
fbem-28640	85	9	,	,	PUNCT
fbem-28640	85	10	but	but	CCONJ
fbem-28640	85	11	it	it	PRON
fbem-28640	85	12	has	have	AUX
fbem-28640	85	13	not	not	PART
fbem-28640	85	14	adequately	adequately	ADV
fbem-28640	85	15	addressed	address	VERB
fbem-28640	85	16	the	the	DET
fbem-28640	85	17	nuanced	nuanced	ADJ
fbem-28640	85	18	ways	way	NOUN
fbem-28640	85	19	in	in	ADP
fbem-28640	85	20	which	which	PRON
fbem-28640	85	21	the	the	DET
fbem-28640	85	22	distinct	distinct	ADJ
fbem-28640	85	23	cultural	cultural	ADJ
fbem-28640	85	24	backgrounds	background	NOUN
fbem-28640	85	25	and	and	CCONJ
fbem-28640	85	26	regulatory	regulatory	ADJ
fbem-28640	85	27	environments	environment	NOUN
fbem-28640	85	28	of	of	ADP
fbem-28640	85	29	china	china	PROPN
fbem-28640	85	30	and	and	CCONJ
fbem-28640	85	31	the	the	DET
fbem-28640	85	32	u.s	u.s	PROPN
fbem-28640	85	33	.	.	PROPN
fbem-28640	85	34	influence	influence	NOUN
fbem-28640	85	35	the	the	DET
fbem-28640	85	36	development	development	NOUN
fbem-28640	85	37	and	and	CCONJ
fbem-28640	85	38	performance	performance	NOUN
fbem-28640	85	39	of	of	ADP
fbem-28640	85	40	fintech	fintech	NOUN
fbem-28640	85	41	enterprises	enterprise	NOUN
fbem-28640	85	42	.	.	PUNCT
fbem-28640	86	1	furthermore	furthermore	ADV
fbem-28640	86	2	,	,	PUNCT
fbem-28640	86	3	comparative	comparative	ADJ
fbem-28640	86	4	analyses	analysis	NOUN
fbem-28640	86	5	specifically	specifically	ADV
fbem-28640	86	6	focused	focus	VERB
fbem-28640	86	7	on	on	ADP
fbem-28640	86	8	the	the	DET
fbem-28640	86	9	realm	realm	NOUN
fbem-28640	86	10	of	of	ADP
fbem-28640	86	11	venture	venture	NOUN
fbem-28640	86	12	capital	capital	NOUN
fbem-28640	86	13	are	be	AUX
fbem-28640	86	14	also	also	ADV
fbem-28640	86	15	lacking	lack	VERB
fbem-28640	86	16	,	,	PUNCT
fbem-28640	86	17	highlighting	highlight	VERB
fbem-28640	86	18	the	the	DET
fbem-28640	86	19	need	need	NOUN
fbem-28640	86	20	for	for	ADP
fbem-28640	86	21	more	more	ADV
fbem-28640	86	22	comprehensive	comprehensive	ADJ
fbem-28640	86	23	research	research	NOUN
fbem-28640	86	24	in	in	ADP
fbem-28640	86	25	this	this	DET
fbem-28640	86	26	area	area	NOUN
fbem-28640	86	27	.	.	PUNCT
fbem-28640	87	1	such	such	ADJ
fbem-28640	87	2	investigations	investigation	NOUN
fbem-28640	87	3	could	could	AUX
fbem-28640	87	4	provide	provide	VERB
fbem-28640	87	5	valuable	valuable	ADJ
fbem-28640	87	6	insights	insight	NOUN
fbem-28640	87	7	into	into	ADP
fbem-28640	87	8	how	how	SCONJ
fbem-28640	87	9	these	these	DET
fbem-28640	87	10	factors	factor	NOUN
fbem-28640	87	11	contribute	contribute	VERB
fbem-28640	87	12	to	to	ADP
fbem-28640	87	13	the	the	DET
fbem-28640	87	14	success	success	NOUN
fbem-28640	87	15	or	or	CCONJ
fbem-28640	87	16	challenges	challenge	NOUN
fbem-28640	87	17	faced	face	VERB
fbem-28640	87	18	by	by	ADP
fbem-28640	87	19	fintech	fintech	NOUN
fbem-28640	87	20	startups	startup	NOUN
fbem-28640	87	21	in	in	ADP
fbem-28640	87	22	each	each	DET
fbem-28640	87	23	country	country	NOUN
fbem-28640	87	24	.	.	PUNCT
fbem-28640	88	1	3	3	X
fbem-28640	88	2	.	.	X
fbem-28640	88	3	case	case	NOUN
fbem-28640	88	4	analysis	analysis	NOUN
fbem-28640	88	5	of	of	ADP
fbem-28640	88	6	the	the	DET
fbem-28640	88	7	differences	difference	NOUN
fbem-28640	88	8	in	in	ADP
fbem-28640	88	9	market	market	NOUN
fbem-28640	88	10	for	for	ADP
fbem-28640	88	11	fintech	fintech	NOUN
fbem-28640	88	12	startups	startup	NOUN
fbem-28640	88	13	between	between	ADP
fbem-28640	88	14	china	china	PROPN
fbem-28640	88	15	and	and	CCONJ
fbem-28640	88	16	the	the	DET
fbem-28640	88	17	united	united	PROPN
fbem-28640	88	18	states	states	PROPN
fbem-28640	88	19	the	the	DET
fbem-28640	88	20	fintech	fintech	NOUN
fbem-28640	88	21	markets	market	NOUN
fbem-28640	88	22	in	in	ADP
fbem-28640	88	23	china	china	PROPN
fbem-28640	88	24	and	and	CCONJ
fbem-28640	88	25	the	the	DET
fbem-28640	88	26	united	united	PROPN
fbem-28640	88	27	states	states	PROPN
fbem-28640	88	28	are	be	AUX
fbem-28640	88	29	among	among	ADP
fbem-28640	88	30	the	the	DET
fbem-28640	88	31	largest	large	ADJ
fbem-28640	88	32	globally	globally	ADV
fbem-28640	88	33	,	,	PUNCT
fbem-28640	88	34	each	each	PRON
fbem-28640	88	35	shaped	shape	VERB
fbem-28640	88	36	by	by	ADP
fbem-28640	88	37	unique	unique	ADJ
fbem-28640	88	38	market	market	NOUN
fbem-28640	88	39	dynamics	dynamic	NOUN
fbem-28640	88	40	.	.	PUNCT
fbem-28640	89	1	china	china	PROPN
fbem-28640	89	2	's	's	PART
fbem-28640	89	3	fintech	fintech	NOUN
fbem-28640	89	4	sector	sector	NOUN
fbem-28640	89	5	has	have	AUX
fbem-28640	89	6	rapidly	rapidly	ADV
fbem-28640	89	7	expanded	expand	VERB
fbem-28640	89	8	due	due	ADP
fbem-28640	89	9	to	to	ADP
fbem-28640	89	10	an	an	DET
fbem-28640	89	11	underdeveloped	underdeveloped	ADJ
fbem-28640	89	12	banking	banking	NOUN
fbem-28640	89	13	system	system	NOUN
fbem-28640	89	14	,	,	PUNCT
fbem-28640	89	15	widespread	widespread	ADJ
fbem-28640	89	16	mobile	mobile	ADJ
fbem-28640	89	17	payment	payment	NOUN
fbem-28640	89	18	use	use	NOUN
fbem-28640	89	19	,	,	PUNCT
fbem-28640	89	20	and	and	CCONJ
fbem-28640	89	21	a	a	DET
fbem-28640	89	22	large	large	ADJ
fbem-28640	89	23	unbanked	unbanked	ADJ
fbem-28640	89	24	population	population	NOUN
fbem-28640	89	25	,	,	PUNCT
fbem-28640	89	26	benefiting	benefit	VERB
fbem-28640	89	27	from	from	ADP
fbem-28640	89	28	integration	integration	NOUN
fbem-28640	89	29	with	with	ADP
fbem-28640	89	30	major	major	ADJ
fbem-28640	89	31	tech	tech	NOUN
fbem-28640	89	32	ecosystems	ecosystem	NOUN
fbem-28640	89	33	like	like	ADP
fbem-28640	89	34	alibaba	alibaba	PROPN
fbem-28640	89	35	and	and	CCONJ
fbem-28640	89	36	tencent	tencent	NOUN
fbem-28640	89	37	,	,	PUNCT
fbem-28640	89	38	although	although	SCONJ
fbem-28640	89	39	recent	recent	ADJ
fbem-28640	89	40	regulatory	regulatory	ADJ
fbem-28640	89	41	crackdowns	crackdown	NOUN
fbem-28640	89	42	pose	pose	VERB
fbem-28640	89	43	challenges	challenge	NOUN
fbem-28640	89	44	.	.	PUNCT
fbem-28640	90	1	according	accord	VERB
fbem-28640	90	2	to	to	ADP
fbem-28640	90	3	consulting	consult	VERB
fbem-28640	90	4	firm	firm	ADJ
fbem-28640	90	5	accenture	accenture	NOUN
fbem-28640	90	6	,	,	PUNCT
fbem-28640	90	7	fintech	fintech	NOUN
fbem-28640	90	8	investment	investment	NOUN
fbem-28640	90	9	in	in	ADP
fbem-28640	90	10	the	the	DET
fbem-28640	90	11	asia	asia	PROPN
fbem-28640	90	12	-	-	PUNCT
fbem-28640	90	13	pacific	pacific	PROPN
fbem-28640	90	14	region	region	NOUN
fbem-28640	90	15	quadrupled	quadruple	VERB
fbem-28640	90	16	in	in	ADP
fbem-28640	90	17	2015	2015	NUM
fbem-28640	90	18	to	to	ADP
fbem-28640	90	19	$	$	SYM
fbem-28640	90	20	4.3	4.3	NUM
fbem-28640	90	21	billion	billion	NUM
fbem-28640	90	22	,	,	PUNCT
fbem-28640	90	23	with	with	ADP
fbem-28640	90	24	the	the	DET
fbem-28640	90	25	first	first	ADJ
fbem-28640	90	26	quarter	quarter	NOUN
fbem-28640	90	27	of	of	ADP
fbem-28640	90	28	this	this	DET
fbem-28640	90	29	year	year	NOUN
fbem-28640	90	30	seeing	see	VERB
fbem-28640	90	31	investments	investment	NOUN
fbem-28640	90	32	rise	rise	VERB
fbem-28640	90	33	by	by	ADP
fbem-28640	90	34	500	500	NUM
fbem-28640	90	35	%	%	NOUN
fbem-28640	90	36	year	year	NOUN
fbem-28640	90	37	-	-	PUNCT
fbem-28640	90	38	on	on	ADP
fbem-28640	90	39	-	-	PUNCT
fbem-28640	90	40	year	year	NOUN
fbem-28640	90	41	to	to	ADP
fbem-28640	90	42	$	$	SYM
fbem-28640	90	43	2.7	2.7	NUM
fbem-28640	90	44	billion	billion	NUM
fbem-28640	90	45	,	,	PUNCT
fbem-28640	90	46	most	most	ADJ
fbem-28640	90	47	of	of	ADP
fbem-28640	90	48	which	which	PRON
fbem-28640	90	49	was	be	AUX
fbem-28640	90	50	directed	direct	VERB
fbem-28640	90	51	toward	toward	ADP
fbem-28640	90	52	chinese	chinese	ADJ
fbem-28640	90	53	platforms	platform	NOUN
fbem-28640	90	54	.	.	PUNCT
fbem-28640	91	1	conversely	conversely	ADV
fbem-28640	91	2	,	,	PUNCT
fbem-28640	91	3	from	from	ADP
fbem-28640	91	4	the	the	DET
fbem-28640	91	5	2024	2024	NUM
fbem-28640	91	6	state	state	NOUN
fbem-28640	91	7	of	of	ADP
fbem-28640	91	8	fintech	fintech	NOUN
fbem-28640	91	9	report	report	NOUN
fbem-28640	91	10	,	,	PUNCT
fbem-28640	91	11	the	the	DET
fbem-28640	91	12	u.s	u.s	PROPN
fbem-28640	91	13	.	.	PROPN
fbem-28640	91	14	fintech	fintech	NOUN
fbem-28640	91	15	market	market	NOUN
fbem-28640	91	16	operates	operate	VERB
fbem-28640	91	17	within	within	ADP
fbem-28640	91	18	a	a	DET
fbem-28640	91	19	highly	highly	ADV
fbem-28640	91	20	regulated	regulated	ADJ
fbem-28640	91	21	environment	environment	NOUN
fbem-28640	91	22	,	,	PUNCT
fbem-28640	91	23	leading	lead	VERB
fbem-28640	91	24	to	to	ADP
fbem-28640	91	25	slower	slow	ADJ
fbem-28640	91	26	growth	growth	NOUN
fbem-28640	91	27	for	for	ADP
fbem-28640	91	28	startups	startup	NOUN
fbem-28640	91	29	that	that	PRON
fbem-28640	91	30	compete	compete	VERB
fbem-28640	91	31	with	with	ADP
fbem-28640	91	32	established	establish	VERB
fbem-28640	91	33	banks	bank	NOUN
fbem-28640	91	34	while	while	SCONJ
fbem-28640	91	35	focusing	focus	VERB
fbem-28640	91	36	on	on	ADP
fbem-28640	91	37	niche	niche	NOUN
fbem-28640	91	38	areas	area	NOUN
fbem-28640	91	39	like	like	ADP
fbem-28640	91	40	peer	peer	NOUN
fbem-28640	91	41	-	-	PUNCT
fbem-28640	91	42	to	to	ADP
fbem-28640	91	43	-	-	PUNCT
fbem-28640	91	44	peer	peer	NOUN
fbem-28640	91	45	lending	lending	NOUN
fbem-28640	91	46	and	and	CCONJ
fbem-28640	91	47	mobile	mobile	NOUN
fbem-28640	91	48	payments	payment	NOUN
fbem-28640	91	49	.	.	PUNCT
fbem-28640	92	1	u.s	u.s	PROPN
fbem-28640	92	2	.	.	PROPN
fbem-28640	92	3	fintech	fintech	PROPN
fbem-28640	92	4	's	's	PART
fbem-28640	92	5	core	core	NOUN
fbem-28640	92	6	advantage	advantage	NOUN
fbem-28640	92	7	lies	lie	VERB
fbem-28640	92	8	in	in	ADP
fbem-28640	92	9	its	its	PRON
fbem-28640	92	10	leadership	leadership	NOUN
fbem-28640	92	11	in	in	ADP
fbem-28640	92	12	technologies	technology	NOUN
fbem-28640	92	13	such	such	ADJ
fbem-28640	92	14	as	as	ADP
fbem-28640	92	15	blockchain	blockchain	NOUN
fbem-28640	92	16	,	,	PUNCT
fbem-28640	92	17	cloud	cloud	NOUN
fbem-28640	92	18	computing	computing	NOUN
fbem-28640	92	19	,	,	PUNCT
fbem-28640	92	20	and	and	CCONJ
fbem-28640	92	21	artificial	artificial	ADJ
fbem-28640	92	22	intelligence	intelligence	NOUN
fbem-28640	92	23	,	,	PUNCT
fbem-28640	92	24	supported	support	VERB
fbem-28640	92	25	by	by	ADP
fbem-28640	92	26	innovations	innovation	NOUN
fbem-28640	92	27	from	from	ADP
fbem-28640	92	28	tech	tech	NOUN
fbem-28640	92	29	giants	giant	NOUN
fbem-28640	92	30	like	like	ADP
fbem-28640	92	31	nvidia	nvidia	PROPN
fbem-28640	92	32	and	and	CCONJ
fbem-28640	92	33	google	google	PROPN
fbem-28640	92	34	.	.	PUNCT
fbem-28640	93	1	comparing	compare	VERB
fbem-28640	93	2	these	these	DET
fbem-28640	93	3	two	two	NUM
fbem-28640	93	4	markets	market	NOUN
fbem-28640	93	5	is	be	AUX
fbem-28640	93	6	crucial	crucial	ADJ
fbem-28640	93	7	to	to	ADP
fbem-28640	93	8	understanding	understand	VERB
fbem-28640	93	9	how	how	SCONJ
fbem-28640	93	10	different	different	ADJ
fbem-28640	93	11	regulatory	regulatory	ADJ
fbem-28640	93	12	environments	environment	NOUN
fbem-28640	93	13	,	,	PUNCT
fbem-28640	93	14	market	market	NOUN
fbem-28640	93	15	structures	structure	NOUN
fbem-28640	93	16	,	,	PUNCT
fbem-28640	93	17	and	and	CCONJ
fbem-28640	93	18	technological	technological	ADJ
fbem-28640	93	19	ecosystems	ecosystem	NOUN
fbem-28640	93	20	influence	influence	VERB
fbem-28640	93	21	the	the	DET
fbem-28640	93	22	growth	growth	NOUN
fbem-28640	93	23	trajectories	trajectory	NOUN
fbem-28640	93	24	and	and	CCONJ
fbem-28640	93	25	competitive	competitive	ADJ
fbem-28640	93	26	advantages	advantage	NOUN
fbem-28640	93	27	of	of	ADP
fbem-28640	93	28	fintech	fintech	NOUN
fbem-28640	93	29	startups	startup	NOUN
fbem-28640	93	30	,	,	PUNCT
fbem-28640	93	31	offering	offer	VERB
fbem-28640	93	32	valuable	valuable	ADJ
fbem-28640	93	33	insights	insight	NOUN
fbem-28640	93	34	for	for	ADP
fbem-28640	93	35	future	future	ADJ
fbem-28640	93	36	fintech	fintech	NOUN
fbem-28640	93	37	innovation	innovation	NOUN
fbem-28640	93	38	on	on	ADP
fbem-28640	93	39	a	a	DET
fbem-28640	93	40	global	global	ADJ
fbem-28640	93	41	scale	scale	NOUN
fbem-28640	93	42	.	.	PUNCT
fbem-28640	94	1	source	source	NOUN
fbem-28640	94	2	:	:	PUNCT
fbem-28640	94	3	compiled	compile	VERB
fbem-28640	94	4	by	by	ADP
fbem-28640	94	5	the	the	DET
fbem-28640	94	6	author	author	NOUN
fbem-28640	94	7	based	base	VERB
fbem-28640	94	8	on	on	ADP
fbem-28640	94	9	the	the	DET
fbem-28640	94	10	allen	allen	PROPN
fbem-28640	94	11	d	d	PROPN
fbem-28640	94	12	(	(	PUNCT
fbem-28640	94	13	n.d	n.d	PROPN
fbem-28640	94	14	.	.	PROPN
fbem-28640	94	15	)	)	PUNCT
fbem-28640	95	1	"	"	PUNCT
fbem-28640	95	2	the	the	DET
fbem-28640	95	3	future	future	NOUN
fbem-28640	95	4	of	of	ADP
fbem-28640	95	5	china	china	PROPN
fbem-28640	95	6	’s	’s	PART
fbem-28640	95	7	fintech	fintech	NOUN
fbem-28640	95	8	boom	boom	NOUN
fbem-28640	95	9	.	.	PUNCT
fbem-28640	95	10	"	"	PUNCT
fbem-28640	95	11	u.s.-asia	u.s.-asia	PROPN
fbem-28640	95	12	business	business	NOUN
fbem-28640	95	13	.	.	PUNCT
fbem-28640	96	1	3.1	3.1	NUM
fbem-28640	96	2	.	.	X
fbem-28640	96	3	welab	welab	PROPN
fbem-28640	96	4	bank	bank	PROPN
fbem-28640	96	5	(	(	PUNCT
fbem-28640	96	6	china	china	PROPN
fbem-28640	96	7	)	)	PUNCT
fbem-28640	96	8	vs.	vs.	X
fbem-28640	96	9	lili	lili	NOUN
fbem-28640	96	10	(	(	PUNCT
fbem-28640	96	11	usa	usa	PROPN
fbem-28640	96	12	)	)	PUNCT
fbem-28640	96	13	welab	welab	PROPN
fbem-28640	96	14	bank	bank	PROPN
fbem-28640	96	15	and	and	CCONJ
fbem-28640	96	16	lili	lili	NOUN
fbem-28640	96	17	are	be	AUX
fbem-28640	96	18	innovative	innovative	ADJ
fbem-28640	96	19	fintech	fintech	NOUN
fbem-28640	96	20	startups	startup	NOUN
fbem-28640	96	21	that	that	PRON
fbem-28640	96	22	prioritize	prioritize	VERB
fbem-28640	96	23	digital	digital	ADJ
fbem-28640	96	24	solutions	solution	NOUN
fbem-28640	96	25	to	to	PART
fbem-28640	96	26	meet	meet	VERB
fbem-28640	96	27	the	the	DET
fbem-28640	96	28	needs	need	NOUN
fbem-28640	96	29	of	of	ADP
fbem-28640	96	30	their	their	PRON
fbem-28640	96	31	respective	respective	ADJ
fbem-28640	96	32	markets	market	NOUN
fbem-28640	96	33	.	.	PUNCT
fbem-28640	97	1	founded	found	VERB
fbem-28640	97	2	in	in	ADP
fbem-28640	97	3	july	july	PROPN
fbem-28640	97	4	2020	2020	NUM
fbem-28640	97	5	and	and	CCONJ
fbem-28640	97	6	based	base	VERB
fbem-28640	97	7	in	in	ADP
fbem-28640	97	8	hong	hong	PROPN
fbem-28640	97	9	kong	kong	PROPN
fbem-28640	97	10	,	,	PUNCT
fbem-28640	97	11	welab	welab	PROPN
fbem-28640	97	12	bank	bank	PROPN
fbem-28640	97	13	operates	operate	VERB
fbem-28640	97	14	as	as	ADP
fbem-28640	97	15	a	a	DET
fbem-28640	97	16	fully	fully	ADV
fbem-28640	97	17	digital	digital	ADJ
fbem-28640	97	18	bank	bank	NOUN
fbem-28640	97	19	,	,	PUNCT
fbem-28640	97	20	offering	offer	VERB
fbem-28640	97	21	personal	personal	ADJ
fbem-28640	97	22	banking	banking	NOUN
fbem-28640	97	23	services	service	NOUN
fbem-28640	97	24	like	like	ADP
fbem-28640	97	25	savings	saving	NOUN
fbem-28640	97	26	accounts	account	NOUN
fbem-28640	97	27	and	and	CCONJ
fbem-28640	97	28	loans	loan	NOUN
fbem-28640	97	29	while	while	SCONJ
fbem-28640	97	30	leveraging	leverage	VERB
fbem-28640	97	31	ai	ai	VERB
fbem-28640	97	32	and	and	CCONJ
fbem-28640	97	33	big	big	ADJ
fbem-28640	97	34	data	datum	NOUN
fbem-28640	97	35	analytics	analytic	NOUN
fbem-28640	97	36	to	to	PART
fbem-28640	97	37	enhance	enhance	VERB
fbem-28640	97	38	customer	customer	NOUN
fbem-28640	97	39	experiences	experience	NOUN
fbem-28640	97	40	.	.	PUNCT
fbem-28640	98	1	similarly	similarly	ADV
fbem-28640	98	2	,	,	PUNCT
fbem-28640	98	3	lili	lili	NOUN
fbem-28640	98	4	,	,	PUNCT
fbem-28640	98	5	also	also	ADV
fbem-28640	98	6	established	establish	VERB
fbem-28640	98	7	in	in	ADP
fbem-28640	98	8	2020	2020	NUM
fbem-28640	98	9	and	and	CCONJ
fbem-28640	98	10	headquartered	headquarter	VERB
fbem-28640	98	11	in	in	ADP
fbem-28640	98	12	new	new	PROPN
fbem-28640	98	13	york	york	PROPN
fbem-28640	98	14	,	,	PUNCT
fbem-28640	98	15	focuses	focus	VERB
fbem-28640	98	16	on	on	ADP
fbem-28640	98	17	freelancers	freelancer	NOUN
fbem-28640	98	18	and	and	CCONJ
fbem-28640	98	19	small	small	ADJ
fbem-28640	98	20	business	business	NOUN
fbem-28640	98	21	owners	owner	NOUN
fbem-28640	98	22	by	by	ADP
fbem-28640	98	23	providing	provide	VERB
fbem-28640	98	24	a	a	DET
fbem-28640	98	25	mobile	mobile	ADJ
fbem-28640	98	26	banking	banking	NOUN
fbem-28640	98	27	platform	platform	NOUN
fbem-28640	98	28	with	with	ADP
fbem-28640	98	29	features	feature	NOUN
fbem-28640	98	30	like	like	ADP
fbem-28640	98	31	no	no	DET
fbem-28640	98	32	-	-	PUNCT
fbem-28640	98	33	fee	fee	NOUN
fbem-28640	98	34	checking	checking	NOUN
fbem-28640	98	35	accounts	account	NOUN
fbem-28640	98	36	,	,	PUNCT
fbem-28640	98	37	expense	expense	NOUN
fbem-28640	98	38	tracking	tracking	NOUN
fbem-28640	98	39	,	,	PUNCT
fbem-28640	98	40	and	and	CCONJ
fbem-28640	98	41	invoicing	invoicing	NOUN
fbem-28640	98	42	tools	tool	NOUN
fbem-28640	98	43	.	.	PUNCT
fbem-28640	99	1	both	both	DET
fbem-28640	99	2	companies	company	NOUN
fbem-28640	99	3	aim	aim	VERB
fbem-28640	99	4	to	to	PART
fbem-28640	99	5	streamline	streamline	VERB
fbem-28640	99	6	banking	banking	NOUN
fbem-28640	99	7	processes	process	NOUN
fbem-28640	99	8	through	through	ADP
fbem-28640	99	9	their	their	PRON
fbem-28640	99	10	user	user	NOUN
fbem-28640	99	11	-	-	PUNCT
fbem-28640	99	12	friendly	friendly	ADJ
fbem-28640	99	13	digital	digital	ADJ
fbem-28640	99	14	interfaces	interface	NOUN
fbem-28640	99	15	.	.	PUNCT
fbem-28640	100	1	a	a	DET
fbem-28640	100	2	key	key	ADJ
fbem-28640	100	3	similarity	similarity	NOUN
fbem-28640	100	4	between	between	ADP
fbem-28640	100	5	welab	welab	PROPN
fbem-28640	100	6	bank	bank	PROPN
fbem-28640	100	7	and	and	CCONJ
fbem-28640	100	8	lili	lili	NOUN
fbem-28640	100	9	is	be	AUX
fbem-28640	100	10	their	their	PRON
fbem-28640	100	11	commitment	commitment	NOUN
fbem-28640	100	12	to	to	ADP
fbem-28640	100	13	customer	customer	NOUN
fbem-28640	100	14	-	-	PUNCT
fbem-28640	100	15	centric	centric	NOUN
fbem-28640	100	16	services	service	NOUN
fbem-28640	100	17	tailored	tailor	VERB
fbem-28640	100	18	to	to	ADP
fbem-28640	100	19	their	their	PRON
fbem-28640	100	20	audiences	audience	NOUN
fbem-28640	100	21	.	.	PUNCT
fbem-28640	101	1	while	while	SCONJ
fbem-28640	101	2	welab	welab	PROPN
fbem-28640	101	3	bank	bank	PROPN
fbem-28640	101	4	caters	cater	NOUN
fbem-28640	101	5	to	to	ADP
fbem-28640	101	6	the	the	DET
fbem-28640	101	7	general	general	ADJ
fbem-28640	101	8	public	public	NOUN
fbem-28640	101	9	in	in	ADP
fbem-28640	101	10	hong	hong	PROPN
fbem-28640	101	11	kong	kong	PROPN
fbem-28640	101	12	,	,	PUNCT
fbem-28640	101	13	lili	lili	NOUN
fbem-28640	101	14	specializes	specialize	VERB
fbem-28640	101	15	in	in	ADP
fbem-28640	101	16	addressing	address	VERB
fbem-28640	101	17	the	the	DET
fbem-28640	101	18	unique	unique	ADJ
fbem-28640	101	19	financial	financial	ADJ
fbem-28640	101	20	management	management	NOUN
fbem-28640	101	21	needs	need	NOUN
fbem-28640	101	22	of	of	ADP
fbem-28640	101	23	self	self	NOUN
fbem-28640	101	24	-	-	PUNCT
fbem-28640	101	25	employed	employ	VERB
fbem-28640	101	26	individuals	individual	NOUN
fbem-28640	101	27	in	in	ADP
fbem-28640	101	28	the	the	DET
fbem-28640	101	29	u.s	u.s	PROPN
fbem-28640	101	30	.	.	PROPN
fbem-28640	101	31	both	both	DET
fbem-28640	101	32	startups	startup	NOUN
fbem-28640	101	33	utilize	utilize	VERB
fbem-28640	101	34	innovative	innovative	ADJ
fbem-28640	101	35	technology	technology	NOUN
fbem-28640	101	36	to	to	PART
fbem-28640	101	37	provide	provide	VERB
fbem-28640	101	38	efficient	efficient	ADJ
fbem-28640	101	39	and	and	CCONJ
fbem-28640	101	40	personalized	personalized	ADJ
fbem-28640	101	41	banking	banking	NOUN
fbem-28640	101	42	solutions	solution	NOUN
fbem-28640	101	43	,	,	PUNCT
fbem-28640	101	44	simplifying	simplify	VERB
fbem-28640	101	45	processes	process	NOUN
fbem-28640	101	46	such	such	ADJ
fbem-28640	101	47	as	as	ADP
fbem-28640	101	48	account	account	NOUN
fbem-28640	101	49	setup	setup	NOUN
fbem-28640	101	50	and	and	CCONJ
fbem-28640	101	51	expense	expense	NOUN
fbem-28640	101	52	management	management	NOUN
fbem-28640	101	53	.	.	PUNCT
fbem-28640	102	1	they	they	PRON
fbem-28640	102	2	also	also	ADV
fbem-28640	102	3	emphasize	emphasize	VERB
fbem-28640	102	4	user	user	NOUN
fbem-28640	102	5	experience	experience	NOUN
fbem-28640	102	6	,	,	PUNCT
fbem-28640	102	7	ensuring	ensure	VERB
fbem-28640	102	8	their	their	PRON
fbem-28640	102	9	platforms	platform	NOUN
fbem-28640	102	10	are	be	AUX
fbem-28640	102	11	intuitive	intuitive	ADJ
fbem-28640	102	12	and	and	CCONJ
fbem-28640	102	13	accessible	accessible	ADJ
fbem-28640	102	14	.	.	PUNCT
fbem-28640	103	1	furthermore	furthermore	ADV
fbem-28640	103	2	,	,	PUNCT
fbem-28640	103	3	both	both	DET
fbem-28640	103	4	companies	company	NOUN
fbem-28640	103	5	offer	offer	VERB
fbem-28640	103	6	financial	financial	ADJ
fbem-28640	103	7	management	management	NOUN
fbem-28640	103	8	tools	tool	NOUN
fbem-28640	103	9	—	—	PUNCT
fbem-28640	103	10	welab	welab	PROPN
fbem-28640	103	11	bank	bank	PROPN
fbem-28640	103	12	with	with	ADP
fbem-28640	103	13	its	its	PRON
fbem-28640	103	14	comprehensive	comprehensive	ADJ
fbem-28640	103	15	banking	banking	NOUN
fbem-28640	103	16	services	service	NOUN
fbem-28640	103	17	and	and	CCONJ
fbem-28640	103	18	lili	lili	NOUN
fbem-28640	103	19	with	with	ADP
fbem-28640	103	20	its	its	PRON
fbem-28640	103	21	features	feature	NOUN
fbem-28640	103	22	designed	design	VERB
fbem-28640	103	23	specifically	specifically	ADV
fbem-28640	103	24	for	for	ADP
fbem-28640	103	25	freelancers	freelancer	NOUN
fbem-28640	103	26	.	.	PUNCT
fbem-28640	104	1	by	by	ADP
fbem-28640	104	2	embracing	embrace	VERB
fbem-28640	104	3	a	a	DET
fbem-28640	104	4	digital	digital	ADJ
fbem-28640	104	5	-	-	PUNCT
fbem-28640	104	6	only	only	ADJ
fbem-28640	104	7	model	model	NOUN
fbem-28640	104	8	,	,	PUNCT
fbem-28640	104	9	they	they	PRON
fbem-28640	104	10	reduce	reduce	VERB
fbem-28640	104	11	overhead	overhead	ADJ
fbem-28640	104	12	costs	cost	NOUN
fbem-28640	104	13	and	and	CCONJ
fbem-28640	104	14	enhance	enhance	VERB
fbem-28640	104	15	accessibility	accessibility	NOUN
fbem-28640	104	16	,	,	PUNCT
fbem-28640	104	17	exemplifying	exemplify	VERB
fbem-28640	104	18	the	the	DET
fbem-28640	104	19	modern	modern	ADJ
fbem-28640	104	20	trend	trend	NOUN
fbem-28640	104	21	of	of	ADP
fbem-28640	104	22	fintech	fintech	NOUN
fbem-28640	104	23	companies	company	NOUN
fbem-28640	104	24	leveraging	leverage	VERB
fbem-28640	104	25	technology	technology	NOUN
fbem-28640	104	26	to	to	PART
fbem-28640	104	27	meet	meet	VERB
fbem-28640	104	28	evolving	evolve	VERB
fbem-28640	104	29	consumer	consumer	NOUN
fbem-28640	104	30	needs	need	NOUN
fbem-28640	104	31	.	.	PUNCT
fbem-28640	105	1	vc	vc	AUX
fbem-28640	105	2	plays	play	VERB
fbem-28640	105	3	a	a	DET
fbem-28640	105	4	critical	critical	ADJ
fbem-28640	105	5	role	role	NOUN
fbem-28640	105	6	in	in	ADP
fbem-28640	105	7	the	the	DET
fbem-28640	105	8	growth	growth	NOUN
fbem-28640	105	9	and	and	CCONJ
fbem-28640	105	10	direction	direction	NOUN
fbem-28640	105	11	of	of	ADP
fbem-28640	105	12	fintech	fintech	NOUN
fbem-28640	105	13	startups	startup	NOUN
fbem-28640	105	14	like	like	ADP
fbem-28640	105	15	welab	welab	PROPN
fbem-28640	105	16	bank	bank	PROPN
fbem-28640	105	17	and	and	CCONJ
fbem-28640	105	18	lili	lili	NOUN
fbem-28640	105	19	,	,	PUNCT
fbem-28640	105	20	especially	especially	ADV
fbem-28640	105	21	given	give	VERB
fbem-28640	105	22	the	the	DET
fbem-28640	105	23	distinct	distinct	ADJ
fbem-28640	105	24	differences	difference	NOUN
fbem-28640	105	25	in	in	ADP
fbem-28640	105	26	market	market	NOUN
fbem-28640	105	27	structures	structure	NOUN
fbem-28640	105	28	between	between	ADP
fbem-28640	105	29	china	china	PROPN
fbem-28640	105	30	and	and	CCONJ
fbem-28640	105	31	the	the	DET
fbem-28640	105	32	u.s	u.s	PROPN
fbem-28640	105	33	.	.	PROPN
fbem-28640	105	34	in	in	ADP
fbem-28640	105	35	china	china	PROPN
fbem-28640	105	36	,	,	PUNCT
fbem-28640	105	37	where	where	SCONJ
fbem-28640	105	38	welab	welab	PROPN
fbem-28640	105	39	bank	bank	PROPN
fbem-28640	105	40	operates	operate	VERB
fbem-28640	105	41	,	,	PUNCT
fbem-28640	105	42	the	the	DET
fbem-28640	105	43	fintech	fintech	NOUN
fbem-28640	105	44	market	market	NOUN
fbem-28640	105	45	is	be	AUX
fbem-28640	105	46	heavily	heavily	ADV
fbem-28640	105	47	regulated	regulate	VERB
fbem-28640	105	48	and	and	CCONJ
fbem-28640	105	49	closely	closely	ADV
fbem-28640	105	50	aligned	align	VERB
fbem-28640	105	51	with	with	ADP
fbem-28640	105	52	government	government	NOUN
fbem-28640	105	53	initiatives	initiative	NOUN
fbem-28640	105	54	.	.	PUNCT
fbem-28640	106	1	this	this	PRON
fbem-28640	106	2	creates	create	VERB
fbem-28640	106	3	both	both	DET
fbem-28640	106	4	opportunities	opportunity	NOUN
fbem-28640	106	5	and	and	CCONJ
fbem-28640	106	6	389	389	NUM
fbem-28640	106	7	constraints	constraint	NOUN
fbem-28640	106	8	for	for	ADP
fbem-28640	106	9	vcs	vcs	PROPN
fbem-28640	106	10	,	,	PUNCT
fbem-28640	106	11	who	who	PRON
fbem-28640	106	12	must	must	AUX
fbem-28640	106	13	navigate	navigate	VERB
fbem-28640	106	14	these	these	DET
fbem-28640	106	15	regulatory	regulatory	ADJ
fbem-28640	106	16	boundaries	boundary	NOUN
fbem-28640	106	17	but	but	CCONJ
fbem-28640	106	18	can	can	AUX
fbem-28640	106	19	also	also	ADV
fbem-28640	106	20	benefit	benefit	VERB
fbem-28640	106	21	from	from	ADP
fbem-28640	106	22	china	china	PROPN
fbem-28640	106	23	's	's	PART
fbem-28640	106	24	rapid	rapid	ADJ
fbem-28640	106	25	adoption	adoption	NOUN
fbem-28640	106	26	of	of	ADP
fbem-28640	106	27	digital	digital	ADJ
fbem-28640	106	28	finance	finance	NOUN
fbem-28640	106	29	due	due	ADP
fbem-28640	106	30	to	to	ADP
fbem-28640	106	31	widespread	widespread	ADJ
fbem-28640	106	32	mobile	mobile	ADJ
fbem-28640	106	33	penetration	penetration	NOUN
fbem-28640	106	34	and	and	CCONJ
fbem-28640	106	35	favorable	favorable	ADJ
fbem-28640	106	36	government	government	NOUN
fbem-28640	106	37	policies	policy	NOUN
fbem-28640	106	38	supporting	support	VERB
fbem-28640	106	39	fintech	fintech	NOUN
fbem-28640	106	40	.	.	PUNCT
fbem-28640	107	1	in	in	ADP
fbem-28640	107	2	hong	hong	PROPN
fbem-28640	107	3	kong	kong	PROPN
fbem-28640	107	4	,	,	PUNCT
fbem-28640	107	5	welab	welab	PROPN
fbem-28640	107	6	bank	bank	PROPN
fbem-28640	107	7	operates	operate	VERB
fbem-28640	107	8	in	in	ADP
fbem-28640	107	9	a	a	DET
fbem-28640	107	10	tightly	tightly	ADV
fbem-28640	107	11	regulated	regulate	VERB
fbem-28640	107	12	virtual	virtual	ADJ
fbem-28640	107	13	banking	banking	NOUN
fbem-28640	107	14	market	market	NOUN
fbem-28640	107	15	,	,	PUNCT
fbem-28640	107	16	characterized	characterize	VERB
fbem-28640	107	17	by	by	ADP
fbem-28640	107	18	significant	significant	ADJ
fbem-28640	107	19	government	government	NOUN
fbem-28640	107	20	intervention	intervention	NOUN
fbem-28640	107	21	.	.	PUNCT
fbem-28640	108	1	regulatory	regulatory	ADJ
fbem-28640	108	2	oversight	oversight	NOUN
fbem-28640	108	3	is	be	AUX
fbem-28640	108	4	shared	share	VERB
fbem-28640	108	5	between	between	ADP
fbem-28640	108	6	the	the	DET
fbem-28640	108	7	hong	hong	PROPN
fbem-28640	108	8	kong	kong	PROPN
fbem-28640	108	9	monetary	monetary	PROPN
fbem-28640	108	10	authority	authority	PROPN
fbem-28640	108	11	(	(	PUNCT
fbem-28640	108	12	hkma	hkma	PROPN
fbem-28640	108	13	)	)	PUNCT
fbem-28640	108	14	for	for	ADP
fbem-28640	108	15	virtual	virtual	ADJ
fbem-28640	108	16	banks	bank	NOUN
fbem-28640	108	17	and	and	CCONJ
fbem-28640	108	18	the	the	DET
fbem-28640	108	19	securities	security	NOUN
fbem-28640	108	20	and	and	CCONJ
fbem-28640	108	21	futures	future	NOUN
fbem-28640	108	22	commission	commission	PROPN
fbem-28640	108	23	(	(	PUNCT
fbem-28640	108	24	sfc	sfc	NOUN
fbem-28640	108	25	)	)	PUNCT
fbem-28640	108	26	for	for	ADP
fbem-28640	108	27	virtual	virtual	ADJ
fbem-28640	108	28	assets	asset	NOUN
fbem-28640	108	29	.	.	PUNCT
fbem-28640	109	1	this	this	DET
fbem-28640	109	2	dual	dual	ADJ
fbem-28640	109	3	structure	structure	NOUN
fbem-28640	109	4	requires	require	VERB
fbem-28640	109	5	close	close	ADJ
fbem-28640	109	6	cooperation	cooperation	NOUN
fbem-28640	109	7	to	to	PART
fbem-28640	109	8	manage	manage	VERB
fbem-28640	109	9	the	the	DET
fbem-28640	109	10	complex	complex	ADJ
fbem-28640	109	11	risks	risk	NOUN
fbem-28640	109	12	of	of	ADP
fbem-28640	109	13	intertwined	intertwine	VERB
fbem-28640	109	14	virtual	virtual	ADJ
fbem-28640	109	15	banking	banking	NOUN
fbem-28640	109	16	and	and	CCONJ
fbem-28640	109	17	asset	asset	NOUN
fbem-28640	109	18	activities	activity	NOUN
fbem-28640	109	19	.	.	PUNCT
fbem-28640	110	1	hong	hong	PROPN
fbem-28640	110	2	kong	kong	PROPN
fbem-28640	110	3	has	have	AUX
fbem-28640	110	4	implemented	implement	VERB
fbem-28640	110	5	a	a	DET
fbem-28640	110	6	stringent	stringent	ADJ
fbem-28640	110	7	licensing	licensing	NOUN
fbem-28640	110	8	process	process	NOUN
fbem-28640	110	9	with	with	ADP
fbem-28640	110	10	capital	capital	NOUN
fbem-28640	110	11	and	and	CCONJ
fbem-28640	110	12	disclosure	disclosure	NOUN
fbem-28640	110	13	requirements	requirement	NOUN
fbem-28640	110	14	,	,	PUNCT
fbem-28640	110	15	demonstrating	demonstrate	VERB
fbem-28640	110	16	the	the	DET
fbem-28640	110	17	government	government	NOUN
fbem-28640	110	18	’s	’s	PART
fbem-28640	110	19	cautious	cautious	ADJ
fbem-28640	110	20	approach	approach	NOUN
fbem-28640	110	21	to	to	ADP
fbem-28640	110	22	balancing	balance	VERB
fbem-28640	110	23	fintech	fintech	NOUN
fbem-28640	110	24	innovation	innovation	NOUN
fbem-28640	110	25	with	with	ADP
fbem-28640	110	26	financial	financial	ADJ
fbem-28640	110	27	stability	stability	NOUN
fbem-28640	110	28	.	.	PUNCT
fbem-28640	111	1	chinese	chinese	PROPN
fbem-28640	111	2	vcs	vcs	PROPN
fbem-28640	111	3	often	often	ADV
fbem-28640	111	4	prioritize	prioritize	VERB
fbem-28640	111	5	growth	growth	NOUN
fbem-28640	111	6	strategies	strategy	NOUN
fbem-28640	111	7	that	that	PRON
fbem-28640	111	8	align	align	VERB
fbem-28640	111	9	with	with	ADP
fbem-28640	111	10	government	government	NOUN
fbem-28640	111	11	objectives	objective	NOUN
fbem-28640	111	12	,	,	PUNCT
fbem-28640	111	13	such	such	ADJ
fbem-28640	111	14	as	as	ADP
fbem-28640	111	15	financial	financial	ADJ
fbem-28640	111	16	inclusion	inclusion	NOUN
fbem-28640	111	17	and	and	CCONJ
fbem-28640	111	18	aidriven	aidriven	PROPN
fbem-28640	111	19	services	service	NOUN
fbem-28640	111	20	,	,	PUNCT
fbem-28640	111	21	which	which	PRON
fbem-28640	111	22	are	be	AUX
fbem-28640	111	23	exemplified	exemplify	VERB
fbem-28640	111	24	by	by	ADP
fbem-28640	111	25	welab	welab	PROPN
fbem-28640	111	26	bank	bank	PROPN
fbem-28640	111	27	's	's	PART
fbem-28640	111	28	use	use	NOUN
fbem-28640	111	29	of	of	ADP
fbem-28640	111	30	ai	ai	ADJ
fbem-28640	111	31	and	and	CCONJ
fbem-28640	111	32	big	big	ADJ
fbem-28640	111	33	data	datum	NOUN
fbem-28640	111	34	to	to	PART
fbem-28640	111	35	enhance	enhance	VERB
fbem-28640	111	36	customer	customer	NOUN
fbem-28640	111	37	experience	experience	NOUN
fbem-28640	111	38	.	.	PUNCT
fbem-28640	112	1	here	here	ADV
fbem-28640	112	2	,	,	PUNCT
fbem-28640	112	3	vcs	vcs	PROPN
fbem-28640	112	4	also	also	ADV
fbem-28640	112	5	focus	focus	VERB
fbem-28640	112	6	on	on	ADP
fbem-28640	112	7	scaling	scale	VERB
fbem-28640	112	8	operations	operation	NOUN
fbem-28640	112	9	quickly	quickly	ADV
fbem-28640	112	10	to	to	PART
fbem-28640	112	11	capture	capture	VERB
fbem-28640	112	12	market	market	NOUN
fbem-28640	112	13	share	share	NOUN
fbem-28640	112	14	in	in	ADP
fbem-28640	112	15	a	a	DET
fbem-28640	112	16	competitive	competitive	ADJ
fbem-28640	112	17	but	but	CCONJ
fbem-28640	112	18	concentrated	concentrated	ADJ
fbem-28640	112	19	market	market	NOUN
fbem-28640	112	20	.	.	PUNCT
fbem-28640	113	1	in	in	ADP
fbem-28640	113	2	contrast	contrast	NOUN
fbem-28640	113	3	,	,	PUNCT
fbem-28640	113	4	lili	lili	NOUN
fbem-28640	113	5	operates	operate	VERB
fbem-28640	113	6	in	in	ADP
fbem-28640	113	7	the	the	DET
fbem-28640	113	8	u.s	u.s	PROPN
fbem-28640	113	9	.	.	PROPN
fbem-28640	113	10	,	,	PUNCT
fbem-28640	113	11	where	where	SCONJ
fbem-28640	113	12	the	the	DET
fbem-28640	113	13	fintech	fintech	NOUN
fbem-28640	113	14	landscape	landscape	NOUN
fbem-28640	113	15	is	be	AUX
fbem-28640	113	16	more	more	ADV
fbem-28640	113	17	decentralized	decentralized	ADJ
fbem-28640	113	18	and	and	CCONJ
fbem-28640	113	19	competitive	competitive	ADJ
fbem-28640	113	20	,	,	PUNCT
fbem-28640	113	21	with	with	ADP
fbem-28640	113	22	relatively	relatively	ADV
fbem-28640	113	23	flexible	flexible	ADJ
fbem-28640	113	24	regulations	regulation	NOUN
fbem-28640	113	25	that	that	PRON
fbem-28640	113	26	encourage	encourage	VERB
fbem-28640	113	27	innovation	innovation	NOUN
fbem-28640	113	28	.	.	PUNCT
fbem-28640	114	1	american	american	PROPN
fbem-28640	114	2	vcs	vcs	PROPN
fbem-28640	114	3	tend	tend	VERB
fbem-28640	114	4	to	to	PART
fbem-28640	114	5	favor	favor	VERB
fbem-28640	114	6	startups	startup	NOUN
fbem-28640	114	7	with	with	ADP
fbem-28640	114	8	disruptive	disruptive	ADJ
fbem-28640	114	9	business	business	NOUN
fbem-28640	114	10	models	model	NOUN
fbem-28640	114	11	that	that	PRON
fbem-28640	114	12	can	can	AUX
fbem-28640	114	13	adapt	adapt	VERB
fbem-28640	114	14	rapidly	rapidly	ADV
fbem-28640	114	15	and	and	CCONJ
fbem-28640	114	16	scale	scale	VERB
fbem-28640	114	17	across	across	ADP
fbem-28640	114	18	a	a	DET
fbem-28640	114	19	more	more	ADV
fbem-28640	114	20	segmented	segment	VERB
fbem-28640	114	21	market	market	NOUN
fbem-28640	114	22	.	.	PUNCT
fbem-28640	115	1	given	give	VERB
fbem-28640	115	2	the	the	DET
fbem-28640	115	3	diverse	diverse	ADJ
fbem-28640	115	4	range	range	NOUN
fbem-28640	115	5	of	of	ADP
fbem-28640	115	6	freelancers	freelancer	NOUN
fbem-28640	115	7	and	and	CCONJ
fbem-28640	115	8	small	small	ADJ
fbem-28640	115	9	business	business	NOUN
fbem-28640	115	10	owners	owner	NOUN
fbem-28640	115	11	in	in	ADP
fbem-28640	115	12	the	the	DET
fbem-28640	115	13	u.s	u.s	PROPN
fbem-28640	115	14	.	.	PROPN
fbem-28640	115	15	,	,	PUNCT
fbem-28640	115	16	vcs	vcs	PROPN
fbem-28640	115	17	supporting	support	VERB
fbem-28640	115	18	lili	lili	NOUN
fbem-28640	115	19	have	have	AUX
fbem-28640	115	20	focused	focus	VERB
fbem-28640	115	21	on	on	ADP
fbem-28640	115	22	developing	develop	VERB
fbem-28640	115	23	customer	customer	NOUN
fbem-28640	115	24	-	-	PUNCT
fbem-28640	115	25	centric	centric	NOUN
fbem-28640	115	26	features	feature	NOUN
fbem-28640	115	27	like	like	ADP
fbem-28640	115	28	expense	expense	NOUN
fbem-28640	115	29	tracking	tracking	NOUN
fbem-28640	115	30	and	and	CCONJ
fbem-28640	115	31	invoicing	invoicing	NOUN
fbem-28640	115	32	,	,	PUNCT
fbem-28640	115	33	tailored	tailor	VERB
fbem-28640	115	34	specifically	specifically	ADV
fbem-28640	115	35	to	to	ADP
fbem-28640	115	36	the	the	DET
fbem-28640	115	37	selfemployed	selfemploye	VERB
fbem-28640	115	38	.	.	PUNCT
fbem-28640	116	1	u.s	u.s	PROPN
fbem-28640	116	2	.	.	PROPN
fbem-28640	116	3	vcs	vcs	PROPN
fbem-28640	116	4	emphasize	emphasize	VERB
fbem-28640	116	5	user	user	NOUN
fbem-28640	116	6	experience	experience	NOUN
fbem-28640	116	7	and	and	CCONJ
fbem-28640	116	8	product	product	NOUN
fbem-28640	116	9	differentiation	differentiation	NOUN
fbem-28640	116	10	to	to	PART
fbem-28640	116	11	stand	stand	VERB
fbem-28640	116	12	out	out	ADP
fbem-28640	116	13	in	in	ADP
fbem-28640	116	14	a	a	DET
fbem-28640	116	15	saturated	saturated	ADJ
fbem-28640	116	16	market	market	NOUN
fbem-28640	116	17	,	,	PUNCT
fbem-28640	116	18	often	often	ADV
fbem-28640	116	19	encouraging	encourage	VERB
fbem-28640	116	20	startups	startup	NOUN
fbem-28640	116	21	like	like	ADP
fbem-28640	116	22	lili	lili	NOUN
fbem-28640	116	23	to	to	PART
fbem-28640	116	24	integrate	integrate	VERB
fbem-28640	116	25	seamless	seamless	ADV
fbem-28640	116	26	,	,	PUNCT
fbem-28640	116	27	featurerich	featurerich	NOUN
fbem-28640	116	28	platforms	platform	NOUN
fbem-28640	116	29	that	that	PRON
fbem-28640	116	30	cater	cater	VERB
fbem-28640	116	31	to	to	PART
fbem-28640	116	32	niche	niche	NOUN
fbem-28640	116	33	needs	need	NOUN
fbem-28640	116	34	.	.	PUNCT
fbem-28640	117	1	these	these	DET
fbem-28640	117	2	differing	differ	VERB
fbem-28640	117	3	vc	vc	PROPN
fbem-28640	117	4	strategies	strategy	NOUN
fbem-28640	117	5	,	,	PUNCT
fbem-28640	117	6	shaped	shape	VERB
fbem-28640	117	7	by	by	ADP
fbem-28640	117	8	regulatory	regulatory	ADJ
fbem-28640	117	9	environments	environment	NOUN
fbem-28640	117	10	and	and	CCONJ
fbem-28640	117	11	consumer	consumer	NOUN
fbem-28640	117	12	behavior	behavior	NOUN
fbem-28640	117	13	in	in	ADP
fbem-28640	117	14	each	each	DET
fbem-28640	117	15	market	market	NOUN
fbem-28640	117	16	,	,	PUNCT
fbem-28640	117	17	highlight	highlight	VERB
fbem-28640	117	18	the	the	DET
fbem-28640	117	19	varying	vary	VERB
fbem-28640	117	20	approaches	approach	NOUN
fbem-28640	117	21	to	to	ADP
fbem-28640	117	22	supporting	support	VERB
fbem-28640	117	23	fintech	fintech	NOUN
fbem-28640	117	24	growth	growth	NOUN
fbem-28640	117	25	in	in	ADP
fbem-28640	117	26	china	china	PROPN
fbem-28640	117	27	and	and	CCONJ
fbem-28640	117	28	the	the	DET
fbem-28640	117	29	u.s	u.s	PROPN
fbem-28640	117	30	.	.	PROPN
fbem-28640	117	31	vcs	vcs	PROPN
fbem-28640	117	32	in	in	ADP
fbem-28640	117	33	both	both	DET
fbem-28640	117	34	countries	country	NOUN
fbem-28640	117	35	help	help	VERB
fbem-28640	117	36	drive	drive	VERB
fbem-28640	117	37	fintech	fintech	NOUN
fbem-28640	117	38	innovation	innovation	NOUN
fbem-28640	117	39	,	,	PUNCT
fbem-28640	117	40	yet	yet	CCONJ
fbem-28640	117	41	they	they	PRON
fbem-28640	117	42	adapt	adapt	VERB
fbem-28640	117	43	to	to	ADP
fbem-28640	117	44	local	local	ADJ
fbem-28640	117	45	market	market	NOUN
fbem-28640	117	46	structures	structure	NOUN
fbem-28640	117	47	—	—	PUNCT
fbem-28640	117	48	whether	whether	SCONJ
fbem-28640	117	49	through	through	ADP
fbem-28640	117	50	rapid	rapid	ADJ
fbem-28640	117	51	scaling	scaling	NOUN
fbem-28640	117	52	and	and	CCONJ
fbem-28640	117	53	regulatory	regulatory	ADJ
fbem-28640	117	54	alignment	alignment	NOUN
fbem-28640	117	55	in	in	ADP
fbem-28640	117	56	china	china	PROPN
fbem-28640	117	57	or	or	CCONJ
fbem-28640	117	58	market	market	NOUN
fbem-28640	117	59	segmentation	segmentation	NOUN
fbem-28640	117	60	and	and	CCONJ
fbem-28640	117	61	product	product	NOUN
fbem-28640	117	62	differentiation	differentiation	NOUN
fbem-28640	117	63	in	in	ADP
fbem-28640	117	64	the	the	DET
fbem-28640	117	65	u.s.—to	u.s.—to	ADJ
fbem-28640	117	66	ensure	ensure	VERB
fbem-28640	117	67	the	the	DET
fbem-28640	117	68	startups	startup	NOUN
fbem-28640	117	69	meet	meet	VERB
fbem-28640	117	70	the	the	DET
fbem-28640	117	71	unique	unique	ADJ
fbem-28640	117	72	demands	demand	NOUN
fbem-28640	117	73	of	of	ADP
fbem-28640	117	74	their	their	PRON
fbem-28640	117	75	respective	respective	ADJ
fbem-28640	117	76	audiences	audience	NOUN
fbem-28640	117	77	.	.	PUNCT
fbem-28640	118	1	by	by	ADP
fbem-28640	118	2	facilitating	facilitate	VERB
fbem-28640	118	3	capital	capital	NOUN
fbem-28640	118	4	,	,	PUNCT
fbem-28640	118	5	expertise	expertise	NOUN
fbem-28640	118	6	,	,	PUNCT
fbem-28640	118	7	and	and	CCONJ
fbem-28640	118	8	growth	growth	NOUN
fbem-28640	118	9	strategies	strategy	NOUN
fbem-28640	118	10	,	,	PUNCT
fbem-28640	118	11	vcs	vcs	PROPN
fbem-28640	118	12	enable	enable	VERB
fbem-28640	118	13	welab	welab	PROPN
fbem-28640	118	14	bank	bank	PROPN
fbem-28640	118	15	and	and	CCONJ
fbem-28640	118	16	lili	lili	NOUN
fbem-28640	118	17	to	to	PART
fbem-28640	118	18	leverage	leverage	VERB
fbem-28640	118	19	technology	technology	NOUN
fbem-28640	118	20	to	to	PART
fbem-28640	118	21	streamline	streamline	VERB
fbem-28640	118	22	banking	banking	NOUN
fbem-28640	118	23	services	service	NOUN
fbem-28640	118	24	and	and	CCONJ
fbem-28640	118	25	deliver	deliver	VERB
fbem-28640	118	26	targeted	target	VERB
fbem-28640	118	27	solutions	solution	NOUN
fbem-28640	118	28	in	in	ADP
fbem-28640	118	29	each	each	PRON
fbem-28640	118	30	of	of	ADP
fbem-28640	118	31	their	their	PRON
fbem-28640	118	32	markets	market	NOUN
fbem-28640	118	33	.	.	PUNCT
fbem-28640	119	1	while	while	SCONJ
fbem-28640	119	2	both	both	PRON
fbem-28640	119	3	china	china	PROPN
fbem-28640	119	4	and	and	CCONJ
fbem-28640	119	5	the	the	DET
fbem-28640	119	6	united	united	PROPN
fbem-28640	119	7	states	states	PROPN
fbem-28640	119	8	have	have	AUX
fbem-28640	119	9	moved	move	VERB
fbem-28640	119	10	from	from	ADP
fbem-28640	119	11	relatively	relatively	ADV
fbem-28640	119	12	relaxed	relaxed	ADJ
fbem-28640	119	13	regulatory	regulatory	ADJ
fbem-28640	119	14	environments	environment	NOUN
fbem-28640	119	15	to	to	ADP
fbem-28640	119	16	more	more	ADV
fbem-28640	119	17	stringent	stringent	ADJ
fbem-28640	119	18	oversight	oversight	NOUN
fbem-28640	119	19	of	of	ADP
fbem-28640	119	20	the	the	DET
fbem-28640	119	21	fintech	fintech	NOUN
fbem-28640	119	22	industry	industry	NOUN
fbem-28640	119	23	,	,	PUNCT
fbem-28640	119	24	a	a	DET
fbem-28640	119	25	notable	notable	ADJ
fbem-28640	119	26	gap	gap	NOUN
fbem-28640	119	27	persists	persist	VERB
fbem-28640	119	28	in	in	ADP
fbem-28640	119	29	the	the	DET
fbem-28640	119	30	focus	focus	NOUN
fbem-28640	119	31	and	and	CCONJ
fbem-28640	119	32	intensity	intensity	NOUN
fbem-28640	119	33	of	of	ADP
fbem-28640	119	34	these	these	DET
fbem-28640	119	35	regulations	regulation	NOUN
fbem-28640	119	36	.	.	PUNCT
fbem-28640	120	1	in	in	ADP
fbem-28640	120	2	china	china	PROPN
fbem-28640	120	3	,	,	PUNCT
fbem-28640	120	4	the	the	DET
fbem-28640	120	5	emergence	emergence	NOUN
fbem-28640	120	6	of	of	ADP
fbem-28640	120	7	financial	financial	ADJ
fbem-28640	120	8	risks	risk	NOUN
fbem-28640	120	9	has	have	AUX
fbem-28640	120	10	led	lead	VERB
fbem-28640	120	11	authorities	authority	NOUN
fbem-28640	120	12	to	to	PART
fbem-28640	120	13	implement	implement	VERB
fbem-28640	120	14	strict	strict	ADJ
fbem-28640	120	15	supervision	supervision	NOUN
fbem-28640	120	16	over	over	ADP
fbem-28640	120	17	internet	internet	NOUN
fbem-28640	120	18	finance	finance	NOUN
fbem-28640	120	19	,	,	PUNCT
fbem-28640	120	20	establishing	establish	VERB
fbem-28640	120	21	clear	clear	ADJ
fbem-28640	120	22	guidelines	guideline	NOUN
fbem-28640	120	23	and	and	CCONJ
fbem-28640	120	24	delineating	delineate	VERB
fbem-28640	120	25	responsibilities	responsibility	NOUN
fbem-28640	120	26	for	for	ADP
fbem-28640	120	27	various	various	ADJ
fbem-28640	120	28	fintech	fintech	NOUN
fbem-28640	120	29	activities	activity	NOUN
fbem-28640	120	30	.	.	PUNCT
fbem-28640	121	1	in	in	ADP
fbem-28640	121	2	contrast	contrast	NOUN
fbem-28640	121	3	,	,	PUNCT
fbem-28640	121	4	although	although	SCONJ
fbem-28640	121	5	the	the	DET
fbem-28640	121	6	united	united	PROPN
fbem-28640	121	7	states	states	PROPN
fbem-28640	121	8	has	have	AUX
fbem-28640	121	9	strengthened	strengthen	VERB
fbem-28640	121	10	its	its	PRON
fbem-28640	121	11	regulatory	regulatory	ADJ
fbem-28640	121	12	measures	measure	NOUN
fbem-28640	121	13	since	since	SCONJ
fbem-28640	121	14	the	the	DET
fbem-28640	121	15	lending	lending	NOUN
fbem-28640	121	16	club	club	NOUN
fbem-28640	121	17	incident	incident	NOUN
fbem-28640	121	18	in	in	ADP
fbem-28640	121	19	2016	2016	NUM
fbem-28640	121	20	,	,	PUNCT
fbem-28640	121	21	its	its	PRON
fbem-28640	121	22	approach	approach	NOUN
fbem-28640	121	23	is	be	AUX
fbem-28640	121	24	characterized	characterize	VERB
fbem-28640	121	25	by	by	ADP
fbem-28640	121	26	a	a	DET
fbem-28640	121	27	more	more	ADV
fbem-28640	121	28	mature	mature	ADJ
fbem-28640	121	29	,	,	PUNCT
fbem-28640	121	30	systematic	systematic	ADJ
fbem-28640	121	31	,	,	PUNCT
fbem-28640	121	32	and	and	CCONJ
fbem-28640	121	33	comprehensive	comprehensive	ADJ
fbem-28640	121	34	regulatory	regulatory	ADJ
fbem-28640	121	35	framework	framework	NOUN
fbem-28640	121	36	that	that	PRON
fbem-28640	121	37	differs	differ	VERB
fbem-28640	121	38	significantly	significantly	ADV
fbem-28640	121	39	from	from	ADP
fbem-28640	121	40	china	china	PROPN
fbem-28640	121	41	's	's	PART
fbem-28640	121	42	model	model	NOUN
fbem-28640	121	43	[	[	X
fbem-28640	121	44	1	1	NUM
fbem-28640	121	45	]	]	PUNCT
fbem-28640	121	46	.	.	PUNCT
fbem-28640	122	1	the	the	DET
fbem-28640	122	2	u.s	u.s	PROPN
fbem-28640	122	3	.	.	PROPN
fbem-28640	122	4	has	have	AUX
fbem-28640	122	5	sought	seek	VERB
fbem-28640	122	6	to	to	PART
fbem-28640	122	7	align	align	VERB
fbem-28640	122	8	fintech	fintech	NOUN
fbem-28640	122	9	regulations	regulation	NOUN
fbem-28640	122	10	with	with	ADP
fbem-28640	122	11	those	those	PRON
fbem-28640	122	12	governing	govern	VERB
fbem-28640	122	13	traditional	traditional	ADJ
fbem-28640	122	14	financial	financial	ADJ
fbem-28640	122	15	institutions	institution	NOUN
fbem-28640	122	16	,	,	PUNCT
fbem-28640	122	17	reflecting	reflect	VERB
fbem-28640	122	18	its	its	PRON
fbem-28640	122	19	established	establish	VERB
fbem-28640	122	20	regulatory	regulatory	ADJ
fbem-28640	122	21	infrastructure	infrastructure	NOUN
fbem-28640	122	22	and	and	CCONJ
fbem-28640	122	23	a	a	DET
fbem-28640	122	24	commitment	commitment	NOUN
fbem-28640	122	25	to	to	ADP
fbem-28640	122	26	addressing	address	VERB
fbem-28640	122	27	risks	risk	NOUN
fbem-28640	122	28	associated	associate	VERB
fbem-28640	122	29	with	with	ADP
fbem-28640	122	30	fintech	fintech	NOUN
fbem-28640	122	31	innovation	innovation	NOUN
fbem-28640	122	32	.	.	PUNCT
fbem-28640	123	1	this	this	DET
fbem-28640	123	2	comparative	comparative	ADJ
fbem-28640	123	3	analysis	analysis	NOUN
fbem-28640	123	4	emphasizes	emphasize	VERB
fbem-28640	123	5	the	the	DET
fbem-28640	123	6	different	different	ADJ
fbem-28640	123	7	paths	path	NOUN
fbem-28640	123	8	of	of	ADP
fbem-28640	123	9	regulatory	regulatory	ADJ
fbem-28640	123	10	evolution	evolution	NOUN
fbem-28640	123	11	in	in	ADP
fbem-28640	123	12	these	these	DET
fbem-28640	123	13	two	two	NUM
fbem-28640	123	14	major	major	ADJ
fbem-28640	123	15	economies	economy	NOUN
fbem-28640	123	16	,	,	PUNCT
fbem-28640	123	17	influenced	influence	VERB
fbem-28640	123	18	by	by	ADP
fbem-28640	123	19	their	their	PRON
fbem-28640	123	20	unique	unique	ADJ
fbem-28640	123	21	financial	financial	ADJ
fbem-28640	123	22	ecosystems	ecosystem	NOUN
fbem-28640	123	23	and	and	CCONJ
fbem-28640	123	24	risk	risk	NOUN
fbem-28640	123	25	management	management	NOUN
fbem-28640	123	26	strategies	strategy	NOUN
fbem-28640	123	27	.	.	PUNCT
fbem-28640	124	1	china	china	PROPN
fbem-28640	124	2	's	's	PART
fbem-28640	124	3	regulatory	regulatory	ADJ
fbem-28640	124	4	framework	framework	NOUN
fbem-28640	124	5	is	be	AUX
fbem-28640	124	6	rapidly	rapidly	ADV
fbem-28640	124	7	adjusting	adjust	VERB
fbem-28640	124	8	to	to	PART
fbem-28640	124	9	encourage	encourage	VERB
fbem-28640	124	10	fintech	fintech	NOUN
fbem-28640	124	11	innovation	innovation	NOUN
fbem-28640	124	12	and	and	CCONJ
fbem-28640	124	13	enable	enable	VERB
fbem-28640	124	14	companies	company	NOUN
fbem-28640	124	15	to	to	PART
fbem-28640	124	16	provide	provide	VERB
fbem-28640	124	17	a	a	DET
fbem-28640	124	18	wide	wide	ADJ
fbem-28640	124	19	range	range	NOUN
fbem-28640	124	20	of	of	ADP
fbem-28640	124	21	comprehensive	comprehensive	ADJ
fbem-28640	124	22	services	service	NOUN
fbem-28640	124	23	while	while	SCONJ
fbem-28640	124	24	refining	refine	VERB
fbem-28640	124	25	the	the	DET
fbem-28640	124	26	division	division	NOUN
fbem-28640	124	27	of	of	ADP
fbem-28640	124	28	regulatory	regulatory	ADJ
fbem-28640	124	29	responsibilities	responsibility	NOUN
fbem-28640	124	30	,	,	PUNCT
fbem-28640	124	31	implementing	implement	VERB
fbem-28640	124	32	regulatory	regulatory	ADJ
fbem-28640	124	33	duties	duty	NOUN
fbem-28640	124	34	,	,	PUNCT
fbem-28640	124	35	and	and	CCONJ
fbem-28640	124	36	clarifying	clarify	VERB
fbem-28640	124	37	business	business	NOUN
fbem-28640	124	38	boundaries	boundary	NOUN
fbem-28640	124	39	[	[	X
fbem-28640	124	40	1	1	NUM
fbem-28640	124	41	]	]	PUNCT
fbem-28640	124	42	.	.	PUNCT
fbem-28640	125	1	in	in	ADP
fbem-28640	125	2	this	this	DET
fbem-28640	125	3	context	context	NOUN
fbem-28640	125	4	,	,	PUNCT
fbem-28640	125	5	welab	welab	PROPN
fbem-28640	125	6	bank	bank	PROPN
fbem-28640	125	7	has	have	AUX
fbem-28640	125	8	effectively	effectively	ADV
fbem-28640	125	9	leveraged	leverage	VERB
fbem-28640	125	10	the	the	DET
fbem-28640	125	11	supportive	supportive	ADJ
fbem-28640	125	12	regulatory	regulatory	ADJ
fbem-28640	125	13	environment	environment	NOUN
fbem-28640	125	14	to	to	PART
fbem-28640	125	15	offer	offer	VERB
fbem-28640	125	16	diverse	diverse	ADJ
fbem-28640	125	17	banking	banking	NOUN
fbem-28640	125	18	services	service	NOUN
fbem-28640	125	19	and	and	CCONJ
fbem-28640	125	20	rapidly	rapidly	ADV
fbem-28640	125	21	scale	scale	VERB
fbem-28640	125	22	its	its	PRON
fbem-28640	125	23	operations	operation	NOUN
fbem-28640	125	24	.	.	PUNCT
fbem-28640	126	1	conversely	conversely	ADV
fbem-28640	126	2	,	,	PUNCT
fbem-28640	126	3	in	in	ADP
fbem-28640	126	4	the	the	DET
fbem-28640	126	5	united	united	PROPN
fbem-28640	126	6	states	states	PROPN
fbem-28640	126	7	,	,	PUNCT
fbem-28640	126	8	where	where	SCONJ
fbem-28640	126	9	regulations	regulation	NOUN
fbem-28640	126	10	emphasize	emphasize	VERB
fbem-28640	126	11	consumer	consumer	NOUN
fbem-28640	126	12	protection	protection	NOUN
fbem-28640	126	13	and	and	CCONJ
fbem-28640	126	14	transparency	transparency	NOUN
fbem-28640	126	15	,	,	PUNCT
fbem-28640	126	16	lili	lili	NOUN
fbem-28640	126	17	has	have	AUX
fbem-28640	126	18	developed	develop	VERB
fbem-28640	126	19	specialized	specialized	ADJ
fbem-28640	126	20	solutions	solution	NOUN
fbem-28640	126	21	tailored	tailor	VERB
fbem-28640	126	22	to	to	ADP
fbem-28640	126	23	freelancers	freelancer	NOUN
fbem-28640	126	24	,	,	PUNCT
fbem-28640	126	25	focusing	focus	VERB
fbem-28640	126	26	on	on	ADP
fbem-28640	126	27	intuitive	intuitive	ADJ
fbem-28640	126	28	financial	financial	ADJ
fbem-28640	126	29	management	management	NOUN
fbem-28640	126	30	tools	tool	NOUN
fbem-28640	126	31	to	to	PART
fbem-28640	126	32	meet	meet	VERB
fbem-28640	126	33	the	the	DET
fbem-28640	126	34	specific	specific	ADJ
fbem-28640	126	35	needs	need	NOUN
fbem-28640	126	36	of	of	ADP
fbem-28640	126	37	its	its	PRON
fbem-28640	126	38	users	user	NOUN
fbem-28640	126	39	.	.	PUNCT
fbem-28640	127	1	this	this	DET
fbem-28640	127	2	approach	approach	NOUN
fbem-28640	127	3	not	not	PART
fbem-28640	127	4	only	only	ADV
fbem-28640	127	5	ensures	ensure	VERB
fbem-28640	127	6	compliance	compliance	NOUN
fbem-28640	127	7	but	but	CCONJ
fbem-28640	127	8	also	also	ADV
fbem-28640	127	9	fosters	foster	VERB
fbem-28640	127	10	trust	trust	NOUN
fbem-28640	127	11	and	and	CCONJ
fbem-28640	127	12	engagement	engagement	NOUN
fbem-28640	127	13	among	among	ADP
fbem-28640	127	14	its	its	PRON
fbem-28640	127	15	target	target	NOUN
fbem-28640	127	16	audience	audience	NOUN
fbem-28640	127	17	.	.	PUNCT
fbem-28640	128	1	3.2	3.2	NUM
fbem-28640	128	2	.	.	PUNCT
fbem-28640	128	3	centennial	centennial	PROPN
fbem-28640	128	4	yunqi	yunqi	PROPN
fbem-28640	128	5	(	(	PUNCT
fbem-28640	128	6	shanghai	shanghai	PROPN
fbem-28640	128	7	)	)	PUNCT
fbem-28640	128	8	network	network	PROPN
fbem-28640	128	9	technology	technology	PROPN
fbem-28640	128	10	co.	co.	PROPN
fbem-28640	128	11	,	,	PUNCT
fbem-28640	128	12	ltd	ltd	PROPN
fbem-28640	128	13	.	.	PROPN
fbem-28640	128	14	(	(	PUNCT
fbem-28640	128	15	china	china	PROPN
fbem-28640	128	16	)	)	PUNCT
fbem-28640	128	17	vs.	vs.	ADP
fbem-28640	128	18	arc	arc	NOUN
fbem-28640	128	19	technologies	technology	NOUN
fbem-28640	128	20	(	(	PUNCT
fbem-28640	128	21	usa	usa	PROPN
fbem-28640	128	22	)	)	PUNCT
fbem-28640	128	23	centennial	centennial	NOUN
fbem-28640	128	24	yunqi	yunqi	NOUN
fbem-28640	128	25	(	(	PUNCT
fbem-28640	128	26	shanghai	shanghai	PROPN
fbem-28640	128	27	)	)	PUNCT
fbem-28640	128	28	network	network	PROPN
fbem-28640	128	29	technology	technology	PROPN
fbem-28640	128	30	co.	co.	PROPN
fbem-28640	128	31	,	,	PUNCT
fbem-28640	128	32	ltd	ltd	PROPN
fbem-28640	128	33	.	.	PROPN
fbem-28640	128	34	operates	operate	VERB
fbem-28640	128	35	within	within	ADP
fbem-28640	128	36	the	the	DET
fbem-28640	128	37	professional	professional	ADJ
fbem-28640	128	38	technical	technical	ADJ
fbem-28640	128	39	services	service	NOUN
fbem-28640	128	40	and	and	CCONJ
fbem-28640	128	41	telecommunications	telecommunication	NOUN
fbem-28640	128	42	sector	sector	NOUN
fbem-28640	128	43	in	in	ADP
fbem-28640	128	44	china	china	PROPN
fbem-28640	128	45	,	,	PUNCT
fbem-28640	128	46	providing	provide	VERB
fbem-28640	128	47	value	value	NOUN
fbem-28640	128	48	-	-	PUNCT
fbem-28640	128	49	added	add	VERB
fbem-28640	128	50	telecommunications	telecommunication	NOUN
fbem-28640	128	51	services	service	NOUN
fbem-28640	128	52	,	,	PUNCT
fbem-28640	128	53	technology	technology	NOUN
fbem-28640	128	54	consulting	consulting	NOUN
fbem-28640	128	55	,	,	PUNCT
fbem-28640	128	56	and	and	CCONJ
fbem-28640	128	57	internet	internet	NOUN
fbem-28640	128	58	data	datum	NOUN
fbem-28640	128	59	services	service	NOUN
fbem-28640	128	60	.	.	PUNCT
fbem-28640	129	1	being	be	AUX
fbem-28640	129	2	a	a	DET
fbem-28640	129	3	subsidiary	subsidiary	NOUN
fbem-28640	129	4	of	of	ADP
fbem-28640	129	5	alibaba	alibaba	PROPN
fbem-28640	129	6	group	group	NOUN
fbem-28640	129	7	,	,	PUNCT
fbem-28640	129	8	it	it	PRON
fbem-28640	129	9	benefits	benefit	VERB
fbem-28640	129	10	from	from	ADP
fbem-28640	129	11	the	the	DET
fbem-28640	129	12	vast	vast	ADJ
fbem-28640	129	13	resources	resource	NOUN
fbem-28640	129	14	and	and	CCONJ
fbem-28640	129	15	technological	technological	ADJ
fbem-28640	129	16	advancements	advancement	NOUN
fbem-28640	129	17	of	of	ADP
fbem-28640	129	18	one	one	NUM
fbem-28640	129	19	of	of	ADP
fbem-28640	129	20	the	the	DET
fbem-28640	129	21	largest	large	ADJ
fbem-28640	129	22	tech	tech	NOUN
fbem-28640	129	23	firms	firm	NOUN
fbem-28640	129	24	in	in	ADP
fbem-28640	129	25	the	the	DET
fbem-28640	129	26	country	country	NOUN
fbem-28640	129	27	.	.	PUNCT
fbem-28640	130	1	this	this	DET
fbem-28640	130	2	affiliation	affiliation	NOUN
fbem-28640	130	3	not	not	PART
fbem-28640	130	4	only	only	ADV
fbem-28640	130	5	enhances	enhance	VERB
fbem-28640	130	6	its	its	PRON
fbem-28640	130	7	operational	operational	ADJ
fbem-28640	130	8	capacity	capacity	NOUN
fbem-28640	130	9	but	but	CCONJ
fbem-28640	130	10	also	also	ADV
fbem-28640	130	11	provides	provide	VERB
fbem-28640	130	12	access	access	NOUN
fbem-28640	130	13	to	to	ADP
fbem-28640	130	14	a	a	DET
fbem-28640	130	15	significant	significant	ADJ
fbem-28640	130	16	customer	customer	NOUN
fbem-28640	130	17	base	base	NOUN
fbem-28640	130	18	,	,	PUNCT
fbem-28640	130	19	positioning	position	VERB
fbem-28640	130	20	it	it	PRON
fbem-28640	130	21	strongly	strongly	ADV
fbem-28640	130	22	within	within	ADP
fbem-28640	130	23	a	a	DET
fbem-28640	130	24	competitive	competitive	ADJ
fbem-28640	130	25	market	market	NOUN
fbem-28640	130	26	.	.	PUNCT
fbem-28640	131	1	in	in	ADP
fbem-28640	131	2	contrast	contrast	NOUN
fbem-28640	131	3	,	,	PUNCT
fbem-28640	131	4	arc	arc	NOUN
fbem-28640	131	5	technologies	technology	NOUN
fbem-28640	131	6	is	be	AUX
fbem-28640	131	7	a	a	DET
fbem-28640	131	8	financial	financial	ADJ
fbem-28640	131	9	technology	technology	NOUN
fbem-28640	131	10	company	company	NOUN
fbem-28640	131	11	based	base	VERB
fbem-28640	131	12	in	in	ADP
fbem-28640	131	13	the	the	DET
fbem-28640	131	14	united	united	PROPN
fbem-28640	131	15	states	states	PROPN
fbem-28640	131	16	,	,	PUNCT
fbem-28640	131	17	focusing	focus	VERB
fbem-28640	131	18	on	on	ADP
fbem-28640	131	19	cash	cash	NOUN
fbem-28640	131	20	management	management	NOUN
fbem-28640	131	21	and	and	CCONJ
fbem-28640	131	22	funding	funding	NOUN
fbem-28640	131	23	solutions	solution	NOUN
fbem-28640	131	24	specifically	specifically	ADV
fbem-28640	131	25	tailored	tailor	VERB
fbem-28640	131	26	for	for	ADP
fbem-28640	131	27	startups	startup	NOUN
fbem-28640	131	28	.	.	PUNCT
fbem-28640	132	1	its	its	PRON
fbem-28640	132	2	services	service	NOUN
fbem-28640	132	3	include	include	VERB
fbem-28640	132	4	non	non	ADJ
fbem-28640	132	5	-	-	ADJ
fbem-28640	132	6	dilutive	dilutive	ADJ
fbem-28640	132	7	capital	capital	NOUN
fbem-28640	132	8	options	option	NOUN
fbem-28640	132	9	and	and	CCONJ
fbem-28640	132	10	investment	investment	NOUN
fbem-28640	132	11	advisory	advisory	ADJ
fbem-28640	132	12	services	service	NOUN
fbem-28640	132	13	,	,	PUNCT
fbem-28640	132	14	designed	design	VERB
fbem-28640	132	15	to	to	PART
fbem-28640	132	16	meet	meet	VERB
fbem-28640	132	17	the	the	DET
fbem-28640	132	18	needs	need	NOUN
fbem-28640	132	19	of	of	ADP
fbem-28640	132	20	emerging	emerge	VERB
fbem-28640	132	21	companies	company	NOUN
fbem-28640	132	22	in	in	ADP
fbem-28640	132	23	a	a	DET
fbem-28640	132	24	rapidly	rapidly	ADV
fbem-28640	132	25	evolving	evolve	VERB
fbem-28640	132	26	financial	financial	ADJ
fbem-28640	132	27	landscape	landscape	NOUN
fbem-28640	132	28	.	.	PUNCT
fbem-28640	133	1	this	this	DET
fbem-28640	133	2	distinction	distinction	NOUN
fbem-28640	133	3	highlights	highlight	VERB
fbem-28640	133	4	arc	arc	NOUN
fbem-28640	133	5	's	's	PART
fbem-28640	133	6	commitment	commitment	NOUN
fbem-28640	133	7	to	to	ADP
fbem-28640	133	8	addressing	address	VERB
fbem-28640	133	9	the	the	DET
fbem-28640	133	10	unique	unique	ADJ
fbem-28640	133	11	challenges	challenge	NOUN
fbem-28640	133	12	faced	face	VERB
fbem-28640	133	13	by	by	ADP
fbem-28640	133	14	startups	startup	NOUN
fbem-28640	133	15	,	,	PUNCT
fbem-28640	133	16	leveraging	leverage	VERB
fbem-28640	133	17	its	its	PRON
fbem-28640	133	18	technology	technology	NOUN
fbem-28640	133	19	to	to	PART
fbem-28640	133	20	provide	provide	VERB
fbem-28640	133	21	innovative	innovative	ADJ
fbem-28640	133	22	financial	financial	ADJ
fbem-28640	133	23	solutions	solution	NOUN
fbem-28640	133	24	.	.	PUNCT
fbem-28640	134	1	the	the	DET
fbem-28640	134	2	role	role	NOUN
fbem-28640	134	3	of	of	ADP
fbem-28640	134	4	vc	vc	PROPN
fbem-28640	134	5	in	in	ADP
fbem-28640	134	6	fintech	fintech	NOUN
fbem-28640	134	7	varies	vary	VERB
fbem-28640	134	8	significantly	significantly	ADV
fbem-28640	134	9	between	between	ADP
fbem-28640	134	10	china	china	PROPN
fbem-28640	134	11	and	and	CCONJ
fbem-28640	134	12	the	the	DET
fbem-28640	134	13	u.s	u.s	PROPN
fbem-28640	134	14	.	.	PROPN
fbem-28640	134	15	,	,	PUNCT
fbem-28640	134	16	influencing	influence	VERB
fbem-28640	134	17	how	how	SCONJ
fbem-28640	134	18	companies	company	NOUN
fbem-28640	134	19	like	like	ADP
fbem-28640	134	20	centennial	centennial	PROPN
fbem-28640	134	21	yunqi	yunqi	PROPN
fbem-28640	134	22	(	(	PUNCT
fbem-28640	134	23	shanghai	shanghai	PROPN
fbem-28640	134	24	)	)	PUNCT
fbem-28640	134	25	network	network	PROPN
fbem-28640	134	26	technology	technology	PROPN
fbem-28640	134	27	co.	co.	PROPN
fbem-28640	134	28	,	,	PUNCT
fbem-28640	134	29	ltd	ltd	PROPN
fbem-28640	134	30	.	.	PROPN
fbem-28640	134	31	and	and	CCONJ
fbem-28640	134	32	arc	arc	NOUN
fbem-28640	134	33	technologies	technology	NOUN
fbem-28640	134	34	develop	develop	VERB
fbem-28640	134	35	and	and	CCONJ
fbem-28640	134	36	grow	grow	VERB
fbem-28640	134	37	within	within	ADP
fbem-28640	134	38	their	their	PRON
fbem-28640	134	39	respective	respective	ADJ
fbem-28640	134	40	markets	market	NOUN
fbem-28640	134	41	.	.	PUNCT
fbem-28640	135	1	centennial	centennial	PROPN
fbem-28640	135	2	yunqi	yunqi	PROPN
fbem-28640	135	3	(	(	PUNCT
fbem-28640	135	4	shanghai	shanghai	PROPN
fbem-28640	135	5	)	)	PUNCT
fbem-28640	135	6	network	network	PROPN
fbem-28640	135	7	technology	technology	PROPN
fbem-28640	135	8	co.	co.	PROPN
fbem-28640	135	9	,	,	PUNCT
fbem-28640	135	10	ltd	ltd	PROPN
fbem-28640	135	11	.	.	PROPN
fbem-28640	135	12	and	and	CCONJ
fbem-28640	135	13	arc	arc	NOUN
fbem-28640	135	14	technologies	technology	NOUN
fbem-28640	135	15	operate	operate	VERB
fbem-28640	135	16	in	in	ADP
fbem-28640	135	17	distinctly	distinctly	ADV
fbem-28640	135	18	different	different	ADJ
fbem-28640	135	19	market	market	NOUN
fbem-28640	135	20	environments	environment	NOUN
fbem-28640	135	21	,	,	PUNCT
fbem-28640	135	22	significantly	significantly	ADV
fbem-28640	135	23	influencing	influence	VERB
fbem-28640	135	24	their	their	PRON
fbem-28640	135	25	growth	growth	NOUN
fbem-28640	135	26	strategies	strategy	NOUN
fbem-28640	135	27	.	.	PUNCT
fbem-28640	136	1	in	in	ADP
fbem-28640	136	2	china	china	PROPN
fbem-28640	136	3	,	,	PUNCT
fbem-28640	136	4	the	the	DET
fbem-28640	136	5	fintech	fintech	NOUN
fbem-28640	136	6	landscape	landscape	NOUN
fbem-28640	136	7	is	be	AUX
fbem-28640	136	8	dominated	dominate	VERB
fbem-28640	136	9	by	by	ADP
fbem-28640	136	10	large	large	ADJ
fbem-28640	136	11	tech	tech	NOUN
fbem-28640	136	12	conglomerates	conglomerate	NOUN
fbem-28640	136	13	like	like	ADP
fbem-28640	136	14	alibaba	alibaba	PROPN
fbem-28640	136	15	,	,	PUNCT
fbem-28640	136	16	which	which	PRON
fbem-28640	136	17	fosters	foster	VERB
fbem-28640	136	18	collaboration	collaboration	NOUN
fbem-28640	136	19	and	and	CCONJ
fbem-28640	136	20	scaling	scaling	NOUN
fbem-28640	136	21	among	among	ADP
fbem-28640	136	22	startups	startup	NOUN
fbem-28640	136	23	.	.	PUNCT
fbem-28640	137	1	companies	company	NOUN
fbem-28640	137	2	like	like	ADP
fbem-28640	137	3	centennial	centennial	PROPN
fbem-28640	137	4	yunqi	yunqi	PROPN
fbem-28640	137	5	often	often	ADV
fbem-28640	137	6	benefit	benefit	VERB
fbem-28640	137	7	from	from	ADP
fbem-28640	137	8	the	the	DET
fbem-28640	137	9	resources	resource	NOUN
fbem-28640	137	10	and	and	CCONJ
fbem-28640	137	11	customer	customer	NOUN
fbem-28640	137	12	access	access	NOUN
fbem-28640	137	13	these	these	DET
fbem-28640	137	14	larger	large	ADJ
fbem-28640	137	15	firms	firm	NOUN
fbem-28640	137	16	provide	provide	VERB
fbem-28640	137	17	,	,	PUNCT
fbem-28640	137	18	navigating	navigate	VERB
fbem-28640	137	19	regulatory	regulatory	ADJ
fbem-28640	137	20	frameworks	framework	NOUN
fbem-28640	137	21	that	that	PRON
fbem-28640	137	22	tend	tend	VERB
fbem-28640	137	23	to	to	PART
fbem-28640	137	24	favor	favor	VERB
fbem-28640	137	25	established	establish	VERB
fbem-28640	137	26	players	player	NOUN
fbem-28640	137	27	.	.	PUNCT
fbem-28640	138	1	this	this	DET
fbem-28640	138	2	collaboration	collaboration	NOUN
fbem-28640	138	3	allows	allow	VERB
fbem-28640	138	4	for	for	ADP
fbem-28640	138	5	rapid	rapid	ADJ
fbem-28640	138	6	growth	growth	NOUN
fbem-28640	138	7	but	but	CCONJ
fbem-28640	138	8	can	can	AUX
fbem-28640	138	9	also	also	ADV
fbem-28640	138	10	create	create	VERB
fbem-28640	138	11	challenges	challenge	NOUN
fbem-28640	138	12	for	for	ADP
fbem-28640	138	13	new	new	ADJ
fbem-28640	138	14	entrants	entrant	NOUN
fbem-28640	138	15	attempting	attempt	VERB
fbem-28640	138	16	to	to	PART
fbem-28640	138	17	establish	establish	VERB
fbem-28640	138	18	their	their	PRON
fbem-28640	138	19	foothold	foothold	NOUN
fbem-28640	138	20	in	in	ADP
fbem-28640	138	21	a	a	DET
fbem-28640	138	22	complex	complex	ADJ
fbem-28640	138	23	market	market	NOUN
fbem-28640	138	24	.	.	PUNCT
fbem-28640	139	1	in	in	ADP
fbem-28640	139	2	contrast	contrast	NOUN
fbem-28640	139	3	,	,	PUNCT
fbem-28640	139	4	arc	arc	NOUN
fbem-28640	139	5	technologies	technology	NOUN
fbem-28640	139	6	exemplifies	exemplify	VERB
fbem-28640	139	7	the	the	DET
fbem-28640	139	8	u.s	u.s	PROPN
fbem-28640	139	9	.	.	PROPN
fbem-28640	139	10	fintech	fintech	NOUN
fbem-28640	139	11	environment	environment	NOUN
fbem-28640	139	12	,	,	PUNCT
fbem-28640	139	13	characterized	characterize	VERB
fbem-28640	139	14	by	by	ADP
fbem-28640	139	15	a	a	DET
fbem-28640	139	16	competitive	competitive	ADJ
fbem-28640	139	17	and	and	CCONJ
fbem-28640	139	18	fragmented	fragmented	ADJ
fbem-28640	139	19	landscape	landscape	NOUN
fbem-28640	139	20	.	.	PUNCT
fbem-28640	140	1	the	the	DET
fbem-28640	140	2	robust	robust	ADJ
fbem-28640	140	3	venture	venture	NOUN
fbem-28640	140	4	capital	capital	NOUN
fbem-28640	140	5	ecosystem	ecosystem	NOUN
fbem-28640	140	6	in	in	ADP
fbem-28640	140	7	the	the	DET
fbem-28640	140	8	u.s	u.s	PROPN
fbem-28640	140	9	.	.	PROPN
fbem-28640	140	10	actively	actively	ADV
fbem-28640	140	11	seeks	seek	VERB
fbem-28640	140	12	innovative	innovative	ADJ
fbem-28640	140	13	solutions	solution	NOUN
fbem-28640	140	14	,	,	PUNCT
fbem-28640	140	15	encouraging	encourage	VERB
fbem-28640	140	16	startups	startup	NOUN
fbem-28640	140	17	to	to	PART
fbem-28640	140	18	develop	develop	VERB
fbem-28640	140	19	unique	unique	ADJ
fbem-28640	140	20	offerings	offering	NOUN
fbem-28640	140	21	that	that	PRON
fbem-28640	140	22	attract	attract	VERB
fbem-28640	140	23	investment	investment	NOUN
fbem-28640	140	24	independently	independently	ADV
fbem-28640	140	25	of	of	ADP
fbem-28640	140	26	larger	large	ADJ
fbem-28640	140	27	corporate	corporate	ADJ
fbem-28640	140	28	support	support	NOUN
fbem-28640	140	29	.	.	PUNCT
fbem-28640	141	1	this	this	DET
fbem-28640	141	2	independence	independence	NOUN
fbem-28640	141	3	fosters	foster	VERB
fbem-28640	141	4	a	a	DET
fbem-28640	141	5	culture	culture	NOUN
fbem-28640	141	6	of	of	ADP
fbem-28640	141	7	innovation	innovation	NOUN
fbem-28640	141	8	and	and	CCONJ
fbem-28640	141	9	risk	risk	NOUN
fbem-28640	141	10	-	-	PUNCT
fbem-28640	141	11	taking	taking	NOUN
fbem-28640	141	12	,	,	PUNCT
fbem-28640	141	13	allowing	allow	VERB
fbem-28640	141	14	u.s	u.s	PROPN
fbem-28640	141	15	.	.	PROPN
fbem-28640	141	16	fintech	fintech	NOUN
fbem-28640	141	17	companies	company	NOUN
fbem-28640	141	18	to	to	PART
fbem-28640	141	19	focus	focus	VERB
fbem-28640	141	20	on	on	ADP
fbem-28640	141	21	niche	niche	NOUN
fbem-28640	141	22	markets	market	NOUN
fbem-28640	141	23	and	and	CCONJ
fbem-28640	141	24	novel	novel	ADJ
fbem-28640	141	25	business	business	NOUN
fbem-28640	141	26	models	model	NOUN
fbem-28640	141	27	.	.	PUNCT
fbem-28640	142	1	the	the	DET
fbem-28640	142	2	differing	differ	VERB
fbem-28640	142	3	roles	role	NOUN
fbem-28640	142	4	of	of	ADP
fbem-28640	142	5	venture	venture	NOUN
fbem-28640	142	6	capital	capital	NOUN
fbem-28640	142	7	in	in	ADP
fbem-28640	142	8	390	390	NUM
fbem-28640	142	9	these	these	DET
fbem-28640	142	10	two	two	NUM
fbem-28640	142	11	markets	market	NOUN
fbem-28640	142	12	further	far	ADV
fbem-28640	142	13	highlight	highlight	VERB
fbem-28640	142	14	the	the	DET
fbem-28640	142	15	impact	impact	NOUN
fbem-28640	142	16	of	of	ADP
fbem-28640	142	17	local	local	ADJ
fbem-28640	142	18	ecosystems	ecosystem	NOUN
fbem-28640	142	19	on	on	ADP
fbem-28640	142	20	startup	startup	NOUN
fbem-28640	142	21	strategies	strategy	NOUN
fbem-28640	142	22	,	,	PUNCT
fbem-28640	142	23	with	with	ADP
fbem-28640	142	24	chinese	chinese	ADJ
fbem-28640	142	25	vcs	vcs	PROPN
fbem-28640	142	26	often	often	ADV
fbem-28640	142	27	backing	back	VERB
fbem-28640	142	28	partnerships	partnership	NOUN
fbem-28640	142	29	that	that	PRON
fbem-28640	142	30	enhance	enhance	VERB
fbem-28640	142	31	scalability	scalability	NOUN
fbem-28640	142	32	,	,	PUNCT
fbem-28640	142	33	while	while	SCONJ
fbem-28640	142	34	u.s	u.s	PROPN
fbem-28640	142	35	.	.	PROPN
fbem-28640	142	36	vcs	vcs	PROPN
fbem-28640	142	37	prioritize	prioritize	VERB
fbem-28640	142	38	independent	independent	ADJ
fbem-28640	142	39	innovation	innovation	NOUN
fbem-28640	142	40	.	.	PUNCT
fbem-28640	143	1	the	the	DET
fbem-28640	143	2	analysis	analysis	NOUN
fbem-28640	143	3	of	of	ADP
fbem-28640	143	4	fintech	fintech	NOUN
fbem-28640	143	5	markets	market	NOUN
fbem-28640	143	6	in	in	ADP
fbem-28640	143	7	china	china	PROPN
fbem-28640	143	8	and	and	CCONJ
fbem-28640	143	9	the	the	DET
fbem-28640	143	10	united	united	PROPN
fbem-28640	143	11	states	states	PROPN
fbem-28640	143	12	reveals	reveal	VERB
fbem-28640	143	13	significant	significant	ADJ
fbem-28640	143	14	differences	difference	NOUN
fbem-28640	143	15	shaped	shape	VERB
fbem-28640	143	16	by	by	ADP
fbem-28640	143	17	regulatory	regulatory	ADJ
fbem-28640	143	18	environments	environment	NOUN
fbem-28640	143	19	,	,	PUNCT
fbem-28640	143	20	market	market	NOUN
fbem-28640	143	21	structures	structure	NOUN
fbem-28640	143	22	,	,	PUNCT
fbem-28640	143	23	and	and	CCONJ
fbem-28640	143	24	the	the	DET
fbem-28640	143	25	role	role	NOUN
fbem-28640	143	26	of	of	ADP
fbem-28640	143	27	venture	venture	NOUN
fbem-28640	143	28	capital	capital	NOUN
fbem-28640	143	29	.	.	PUNCT
fbem-28640	144	1	in	in	ADP
fbem-28640	144	2	china	china	PROPN
fbem-28640	144	3	,	,	PUNCT
fbem-28640	144	4	the	the	DET
fbem-28640	144	5	fintech	fintech	NOUN
fbem-28640	144	6	landscape	landscape	NOUN
fbem-28640	144	7	is	be	AUX
fbem-28640	144	8	influenced	influence	VERB
fbem-28640	144	9	by	by	ADP
fbem-28640	144	10	large	large	ADJ
fbem-28640	144	11	tech	tech	NOUN
fbem-28640	144	12	conglomerates	conglomerate	NOUN
fbem-28640	144	13	,	,	PUNCT
fbem-28640	144	14	which	which	PRON
fbem-28640	144	15	provide	provide	VERB
fbem-28640	144	16	startups	startup	NOUN
fbem-28640	144	17	like	like	ADP
fbem-28640	144	18	welab	welab	PROPN
fbem-28640	144	19	bank	bank	PROPN
fbem-28640	144	20	and	and	CCONJ
fbem-28640	144	21	centennial	centennial	NOUN
fbem-28640	144	22	yunqi	yunqi	NOUN
fbem-28640	144	23	with	with	ADP
fbem-28640	144	24	resources	resource	NOUN
fbem-28640	144	25	and	and	CCONJ
fbem-28640	144	26	customer	customer	NOUN
fbem-28640	144	27	access	access	NOUN
fbem-28640	144	28	,	,	PUNCT
fbem-28640	144	29	facilitating	facilitate	VERB
fbem-28640	144	30	rapid	rapid	ADJ
fbem-28640	144	31	growth	growth	NOUN
fbem-28640	144	32	within	within	ADP
fbem-28640	144	33	a	a	DET
fbem-28640	144	34	tightly	tightly	ADV
fbem-28640	144	35	regulated	regulate	VERB
fbem-28640	144	36	framework	framework	NOUN
fbem-28640	144	37	.	.	PUNCT
fbem-28640	145	1	chinese	chinese	ADJ
fbem-28640	145	2	venture	venture	NOUN
fbem-28640	145	3	capitalists	capitalist	NOUN
fbem-28640	145	4	tend	tend	VERB
fbem-28640	145	5	to	to	PART
fbem-28640	145	6	align	align	VERB
fbem-28640	145	7	with	with	ADP
fbem-28640	145	8	government	government	NOUN
fbem-28640	145	9	objectives	objective	NOUN
fbem-28640	145	10	,	,	PUNCT
fbem-28640	145	11	supporting	support	VERB
fbem-28640	145	12	innovations	innovation	NOUN
fbem-28640	145	13	that	that	PRON
fbem-28640	145	14	promote	promote	VERB
fbem-28640	145	15	financial	financial	ADJ
fbem-28640	145	16	inclusion	inclusion	NOUN
fbem-28640	145	17	and	and	CCONJ
fbem-28640	145	18	leveraging	leverage	VERB
fbem-28640	145	19	advancements	advancement	NOUN
fbem-28640	145	20	in	in	ADP
fbem-28640	145	21	technology	technology	NOUN
fbem-28640	145	22	such	such	ADJ
fbem-28640	145	23	as	as	ADP
fbem-28640	145	24	ai	ai	ADJ
fbem-28640	145	25	and	and	CCONJ
fbem-28640	145	26	big	big	ADJ
fbem-28640	145	27	data	datum	NOUN
fbem-28640	145	28	.	.	PUNCT
fbem-28640	146	1	this	this	DET
fbem-28640	146	2	environment	environment	NOUN
fbem-28640	146	3	encourages	encourage	VERB
fbem-28640	146	4	collaboration	collaboration	NOUN
fbem-28640	146	5	and	and	CCONJ
fbem-28640	146	6	scalability	scalability	NOUN
fbem-28640	146	7	,	,	PUNCT
fbem-28640	146	8	although	although	SCONJ
fbem-28640	146	9	it	it	PRON
fbem-28640	146	10	can	can	AUX
fbem-28640	146	11	pose	pose	VERB
fbem-28640	146	12	challenges	challenge	NOUN
fbem-28640	146	13	for	for	ADP
fbem-28640	146	14	new	new	ADJ
fbem-28640	146	15	entrants	entrant	NOUN
fbem-28640	146	16	navigating	navigate	VERB
fbem-28640	146	17	complex	complex	ADJ
fbem-28640	146	18	regulations	regulation	NOUN
fbem-28640	146	19	.	.	PUNCT
fbem-28640	147	1	conversely	conversely	ADV
fbem-28640	147	2	,	,	PUNCT
fbem-28640	147	3	the	the	DET
fbem-28640	147	4	u.s	u.s	PROPN
fbem-28640	147	5	.	.	PROPN
fbem-28640	147	6	fintech	fintech	NOUN
fbem-28640	147	7	market	market	NOUN
fbem-28640	147	8	is	be	AUX
fbem-28640	147	9	characterized	characterize	VERB
fbem-28640	147	10	by	by	ADP
fbem-28640	147	11	a	a	DET
fbem-28640	147	12	more	more	ADV
fbem-28640	147	13	decentralized	decentralized	ADJ
fbem-28640	147	14	and	and	CCONJ
fbem-28640	147	15	competitive	competitive	ADJ
fbem-28640	147	16	atmosphere	atmosphere	NOUN
fbem-28640	147	17	,	,	PUNCT
fbem-28640	147	18	allowing	allow	VERB
fbem-28640	147	19	startups	startup	NOUN
fbem-28640	147	20	like	like	ADP
fbem-28640	147	21	lili	lili	NOUN
fbem-28640	147	22	and	and	CCONJ
fbem-28640	147	23	arc	arc	NOUN
fbem-28640	147	24	technologies	technology	NOUN
fbem-28640	147	25	to	to	PART
fbem-28640	147	26	operate	operate	VERB
fbem-28640	147	27	with	with	ADP
fbem-28640	147	28	relative	relative	ADJ
fbem-28640	147	29	flexibility	flexibility	NOUN
fbem-28640	147	30	.	.	PUNCT
fbem-28640	148	1	american	american	ADJ
fbem-28640	148	2	venture	venture	NOUN
fbem-28640	148	3	capitalists	capitalist	NOUN
fbem-28640	148	4	favor	favor	VERB
fbem-28640	148	5	disruptive	disruptive	ADJ
fbem-28640	148	6	business	business	NOUN
fbem-28640	148	7	models	model	NOUN
fbem-28640	148	8	that	that	PRON
fbem-28640	148	9	can	can	AUX
fbem-28640	148	10	quickly	quickly	ADV
fbem-28640	148	11	adapt	adapt	VERB
fbem-28640	148	12	to	to	ADP
fbem-28640	148	13	market	market	NOUN
fbem-28640	148	14	needs	need	NOUN
fbem-28640	148	15	,	,	PUNCT
fbem-28640	148	16	focusing	focus	VERB
fbem-28640	148	17	on	on	ADP
fbem-28640	148	18	user	user	NOUN
fbem-28640	148	19	experience	experience	NOUN
fbem-28640	148	20	and	and	CCONJ
fbem-28640	148	21	product	product	NOUN
fbem-28640	148	22	differentiation	differentiation	NOUN
fbem-28640	148	23	to	to	PART
fbem-28640	148	24	carve	carve	VERB
fbem-28640	148	25	out	out	ADP
fbem-28640	148	26	niche	niche	NOUN
fbem-28640	148	27	markets	market	NOUN
fbem-28640	148	28	.	.	PUNCT
fbem-28640	149	1	this	this	DET
fbem-28640	149	2	independence	independence	NOUN
fbem-28640	149	3	fosters	foster	VERB
fbem-28640	149	4	a	a	DET
fbem-28640	149	5	culture	culture	NOUN
fbem-28640	149	6	of	of	ADP
fbem-28640	149	7	innovation	innovation	NOUN
fbem-28640	149	8	,	,	PUNCT
fbem-28640	149	9	empowering	empower	VERB
fbem-28640	149	10	fintech	fintech	NOUN
fbem-28640	149	11	companies	company	NOUN
fbem-28640	149	12	to	to	PART
fbem-28640	149	13	develop	develop	VERB
fbem-28640	149	14	tailored	tailored	ADJ
fbem-28640	149	15	solutions	solution	NOUN
fbem-28640	149	16	that	that	PRON
fbem-28640	149	17	meet	meet	VERB
fbem-28640	149	18	the	the	DET
fbem-28640	149	19	unique	unique	ADJ
fbem-28640	149	20	demands	demand	NOUN
fbem-28640	149	21	of	of	ADP
fbem-28640	149	22	their	their	PRON
fbem-28640	149	23	customers	customer	NOUN
fbem-28640	149	24	.	.	PUNCT
fbem-28640	150	1	overall	overall	ADV
fbem-28640	150	2	,	,	PUNCT
fbem-28640	150	3	these	these	DET
fbem-28640	150	4	contrasting	contrast	VERB
fbem-28640	150	5	approaches	approach	NOUN
fbem-28640	150	6	highlight	highlight	VERB
fbem-28640	150	7	how	how	SCONJ
fbem-28640	150	8	local	local	ADJ
fbem-28640	150	9	market	market	NOUN
fbem-28640	150	10	dynamics	dynamic	NOUN
fbem-28640	150	11	and	and	CCONJ
fbem-28640	150	12	regulatory	regulatory	ADJ
fbem-28640	150	13	frameworks	framework	NOUN
fbem-28640	150	14	shape	shape	VERB
fbem-28640	150	15	the	the	DET
fbem-28640	150	16	strategies	strategy	NOUN
fbem-28640	150	17	and	and	CCONJ
fbem-28640	150	18	growth	growth	NOUN
fbem-28640	150	19	trajectories	trajectory	NOUN
fbem-28640	150	20	of	of	ADP
fbem-28640	150	21	fintech	fintech	NOUN
fbem-28640	150	22	startups	startup	NOUN
fbem-28640	150	23	in	in	ADP
fbem-28640	150	24	each	each	DET
fbem-28640	150	25	country	country	NOUN
fbem-28640	150	26	,	,	PUNCT
fbem-28640	150	27	providing	provide	VERB
fbem-28640	150	28	valuable	valuable	ADJ
fbem-28640	150	29	insights	insight	NOUN
fbem-28640	150	30	for	for	ADP
fbem-28640	150	31	future	future	ADJ
fbem-28640	150	32	innovation	innovation	NOUN
fbem-28640	150	33	in	in	ADP
fbem-28640	150	34	the	the	DET
fbem-28640	150	35	global	global	ADJ
fbem-28640	150	36	fintech	fintech	NOUN
fbem-28640	150	37	landscape	landscape	NOUN
fbem-28640	150	38	.	.	PUNCT
fbem-28640	151	1	4	4	X
fbem-28640	151	2	.	.	NOUN
fbem-28640	151	3	case	case	NOUN
fbem-28640	151	4	analysis	analysis	NOUN
fbem-28640	151	5	of	of	ADP
fbem-28640	151	6	the	the	DET
fbem-28640	151	7	differences	difference	NOUN
fbem-28640	151	8	in	in	ADP
fbem-28640	151	9	culture	culture	NOUN
fbem-28640	151	10	for	for	ADP
fbem-28640	151	11	fintech	fintech	NOUN
fbem-28640	151	12	startups	startup	NOUN
fbem-28640	151	13	between	between	ADP
fbem-28640	151	14	china	china	PROPN
fbem-28640	151	15	and	and	CCONJ
fbem-28640	151	16	the	the	DET
fbem-28640	151	17	united	united	PROPN
fbem-28640	151	18	states	states	PROPN
fbem-28640	151	19	the	the	DET
fbem-28640	151	20	cultural	cultural	ADJ
fbem-28640	151	21	landscape	landscape	NOUN
fbem-28640	151	22	of	of	ADP
fbem-28640	151	23	fintech	fintech	NOUN
fbem-28640	151	24	startups	startup	NOUN
fbem-28640	151	25	in	in	ADP
fbem-28640	151	26	china	china	PROPN
fbem-28640	151	27	and	and	CCONJ
fbem-28640	151	28	the	the	DET
fbem-28640	151	29	united	united	PROPN
fbem-28640	151	30	states	states	PROPN
fbem-28640	151	31	reveals	reveal	VERB
fbem-28640	151	32	significant	significant	ADJ
fbem-28640	151	33	differences	difference	NOUN
fbem-28640	151	34	that	that	PRON
fbem-28640	151	35	shape	shape	VERB
fbem-28640	151	36	their	their	PRON
fbem-28640	151	37	operational	operational	ADJ
fbem-28640	151	38	dynamics	dynamic	NOUN
fbem-28640	151	39	and	and	CCONJ
fbem-28640	151	40	market	market	NOUN
fbem-28640	151	41	strategies	strategy	NOUN
fbem-28640	151	42	.	.	PUNCT
fbem-28640	152	1	in	in	ADP
fbem-28640	152	2	china	china	PROPN
fbem-28640	152	3	,	,	PUNCT
fbem-28640	152	4	a	a	DET
fbem-28640	152	5	collectivist	collectivist	NOUN
fbem-28640	152	6	culture	culture	NOUN
fbem-28640	152	7	emphasizes	emphasize	VERB
fbem-28640	152	8	group	group	NOUN
fbem-28640	152	9	harmony	harmony	NOUN
fbem-28640	152	10	and	and	CCONJ
fbem-28640	152	11	trust	trust	NOUN
fbem-28640	152	12	,	,	PUNCT
fbem-28640	152	13	fostering	foster	VERB
fbem-28640	152	14	an	an	DET
fbem-28640	152	15	environment	environment	NOUN
fbem-28640	152	16	where	where	SCONJ
fbem-28640	152	17	fintech	fintech	NOUN
fbem-28640	152	18	solutions	solution	NOUN
fbem-28640	152	19	often	often	ADV
fbem-28640	152	20	integrate	integrate	VERB
fbem-28640	152	21	seamlessly	seamlessly	ADV
fbem-28640	152	22	with	with	ADP
fbem-28640	152	23	social	social	ADJ
fbem-28640	152	24	networks	network	NOUN
fbem-28640	152	25	and	and	CCONJ
fbem-28640	152	26	mobile	mobile	NOUN
fbem-28640	152	27	platforms	platform	NOUN
fbem-28640	152	28	,	,	PUNCT
fbem-28640	152	29	as	as	SCONJ
fbem-28640	152	30	seen	see	VERB
fbem-28640	152	31	in	in	ADP
fbem-28640	152	32	the	the	DET
fbem-28640	152	33	widespread	widespread	ADJ
fbem-28640	152	34	adoption	adoption	NOUN
fbem-28640	152	35	of	of	ADP
fbem-28640	152	36	wechat	wechat	PROPN
fbem-28640	152	37	pay	pay	NOUN
fbem-28640	152	38	and	and	CCONJ
fbem-28640	152	39	alipay	alipay	PROPN
fbem-28640	152	40	.	.	PUNCT
fbem-28640	153	1	this	this	DET
fbem-28640	153	2	interconnectedness	interconnectedness	NOUN
fbem-28640	153	3	is	be	AUX
fbem-28640	153	4	supported	support	VERB
fbem-28640	153	5	by	by	ADP
fbem-28640	153	6	a	a	DET
fbem-28640	153	7	regulatory	regulatory	ADJ
fbem-28640	153	8	framework	framework	NOUN
fbem-28640	153	9	that	that	PRON
fbem-28640	153	10	encourages	encourage	VERB
fbem-28640	153	11	rapid	rapid	ADJ
fbem-28640	153	12	innovation	innovation	NOUN
fbem-28640	153	13	and	and	CCONJ
fbem-28640	153	14	market	market	NOUN
fbem-28640	153	15	entry	entry	NOUN
fbem-28640	153	16	.	.	PUNCT
fbem-28640	154	1	in	in	ADP
fbem-28640	154	2	contrast	contrast	NOUN
fbem-28640	154	3	,	,	PUNCT
fbem-28640	154	4	the	the	DET
fbem-28640	154	5	u.s	u.s	PROPN
fbem-28640	154	6	.	.	PROPN
fbem-28640	154	7	fintech	fintech	NOUN
fbem-28640	154	8	ecosystem	ecosystem	NOUN
fbem-28640	154	9	is	be	AUX
fbem-28640	154	10	characterized	characterize	VERB
fbem-28640	154	11	by	by	ADP
fbem-28640	154	12	individualism	individualism	NOUN
fbem-28640	154	13	and	and	CCONJ
fbem-28640	154	14	a	a	DET
fbem-28640	154	15	strong	strong	ADJ
fbem-28640	154	16	emphasis	emphasis	NOUN
fbem-28640	154	17	on	on	ADP
fbem-28640	154	18	consumer	consumer	NOUN
fbem-28640	154	19	privacy	privacy	NOUN
fbem-28640	154	20	,	,	PUNCT
fbem-28640	154	21	resulting	result	VERB
fbem-28640	154	22	in	in	ADP
fbem-28640	154	23	a	a	DET
fbem-28640	154	24	more	more	ADV
fbem-28640	154	25	fragmented	fragmented	ADJ
fbem-28640	154	26	market	market	NOUN
fbem-28640	154	27	with	with	ADP
fbem-28640	154	28	diverse	diverse	ADJ
fbem-28640	154	29	offerings	offering	NOUN
fbem-28640	154	30	,	,	PUNCT
fbem-28640	154	31	such	such	ADJ
fbem-28640	154	32	as	as	ADP
fbem-28640	154	33	digital	digital	ADJ
fbem-28640	154	34	wallets	wallet	NOUN
fbem-28640	154	35	and	and	CCONJ
fbem-28640	154	36	decentralized	decentralize	VERB
fbem-28640	154	37	finance	finance	NOUN
fbem-28640	154	38	solutions	solution	NOUN
fbem-28640	154	39	.	.	PUNCT
fbem-28640	155	1	u.s	u.s	PROPN
fbem-28640	155	2	.	.	PROPN
fbem-28640	155	3	startups	startup	NOUN
fbem-28640	155	4	often	often	ADV
fbem-28640	155	5	prioritize	prioritize	VERB
fbem-28640	155	6	transparency	transparency	NOUN
fbem-28640	155	7	and	and	CCONJ
fbem-28640	155	8	regulatory	regulatory	ADJ
fbem-28640	155	9	compliance	compliance	NOUN
fbem-28640	155	10	,	,	PUNCT
fbem-28640	155	11	reflecting	reflect	VERB
fbem-28640	155	12	a	a	DET
fbem-28640	155	13	culture	culture	NOUN
fbem-28640	155	14	that	that	PRON
fbem-28640	155	15	values	value	VERB
fbem-28640	155	16	consumer	consumer	NOUN
fbem-28640	155	17	protection	protection	NOUN
fbem-28640	155	18	.	.	PUNCT
fbem-28640	156	1	a	a	DET
fbem-28640	156	2	study	study	NOUN
fbem-28640	156	3	examining	examine	VERB
fbem-28640	156	4	the	the	DET
fbem-28640	156	5	impact	impact	NOUN
fbem-28640	156	6	of	of	ADP
fbem-28640	156	7	fintech	fintech	NOUN
fbem-28640	156	8	on	on	ADP
fbem-28640	156	9	the	the	DET
fbem-28640	156	10	efficiency	efficiency	NOUN
fbem-28640	156	11	of	of	ADP
fbem-28640	156	12	small	small	ADJ
fbem-28640	156	13	and	and	CCONJ
fbem-28640	156	14	medium	medium	ADJ
fbem-28640	156	15	enterprises	enterprise	NOUN
fbem-28640	156	16	(	(	PUNCT
fbem-28640	156	17	smes	sme	NOUN
fbem-28640	156	18	)	)	PUNCT
fbem-28640	156	19	across	across	ADP
fbem-28640	156	20	22	22	NUM
fbem-28640	156	21	oecd	oecd	PROPN
fbem-28640	156	22	countries	country	NOUN
fbem-28640	156	23	from	from	ADP
fbem-28640	156	24	2011	2011	NUM
fbem-28640	156	25	to	to	ADP
fbem-28640	156	26	2018	2018	NUM
fbem-28640	156	27	reveals	reveal	VERB
fbem-28640	156	28	that	that	SCONJ
fbem-28640	156	29	fintech	fintech	NOUN
fbem-28640	156	30	positively	positively	ADV
fbem-28640	156	31	influence	influence	VERB
fbem-28640	156	32	sme	sme	NOUN
fbem-28640	156	33	efficiency	efficiency	NOUN
fbem-28640	156	34	,	,	PUNCT
fbem-28640	156	35	with	with	ADP
fbem-28640	156	36	cultural	cultural	ADJ
fbem-28640	156	37	factors	factor	NOUN
fbem-28640	156	38	playing	play	VERB
fbem-28640	156	39	a	a	DET
fbem-28640	156	40	significant	significant	ADJ
fbem-28640	156	41	role	role	NOUN
fbem-28640	156	42	.	.	PUNCT
fbem-28640	157	1	specifically	specifically	ADV
fbem-28640	157	2	,	,	PUNCT
fbem-28640	157	3	masculine	masculine	ADJ
fbem-28640	157	4	societies	society	NOUN
fbem-28640	157	5	enhance	enhance	VERB
fbem-28640	157	6	the	the	DET
fbem-28640	157	7	relationship	relationship	NOUN
fbem-28640	157	8	between	between	ADP
fbem-28640	157	9	fintech	fintech	NOUN
fbem-28640	157	10	and	and	CCONJ
fbem-28640	157	11	sme	sme	NOUN
fbem-28640	157	12	efficiency	efficiency	NOUN
fbem-28640	157	13	,	,	PUNCT
fbem-28640	157	14	while	while	SCONJ
fbem-28640	157	15	individualistic	individualistic	ADJ
fbem-28640	157	16	and	and	CCONJ
fbem-28640	157	17	long	long	ADJ
fbem-28640	157	18	-	-	PUNCT
fbem-28640	157	19	term	term	NOUN
fbem-28640	157	20	oriented	orient	VERB
fbem-28640	157	21	cultures	culture	NOUN
fbem-28640	157	22	negatively	negatively	ADV
fbem-28640	157	23	affect	affect	VERB
fbem-28640	157	24	this	this	DET
fbem-28640	157	25	association	association	NOUN
fbem-28640	158	1	[	[	X
fbem-28640	158	2	12	12	NUM
fbem-28640	158	3	]	]	PUNCT
fbem-28640	158	4	.	.	PUNCT
fbem-28640	159	1	these	these	DET
fbem-28640	159	2	cultural	cultural	ADJ
fbem-28640	159	3	differences	difference	NOUN
fbem-28640	159	4	not	not	PART
fbem-28640	159	5	only	only	ADV
fbem-28640	159	6	influence	influence	VERB
fbem-28640	159	7	the	the	DET
fbem-28640	159	8	design	design	NOUN
fbem-28640	159	9	and	and	CCONJ
fbem-28640	159	10	functionality	functionality	NOUN
fbem-28640	159	11	of	of	ADP
fbem-28640	159	12	fintech	fintech	NOUN
fbem-28640	159	13	products	product	NOUN
fbem-28640	159	14	but	but	CCONJ
fbem-28640	159	15	also	also	ADV
fbem-28640	159	16	affect	affect	VERB
fbem-28640	159	17	user	user	NOUN
fbem-28640	159	18	adoption	adoption	NOUN
fbem-28640	159	19	,	,	PUNCT
fbem-28640	159	20	investor	investor	NOUN
fbem-28640	159	21	sentiment	sentiment	NOUN
fbem-28640	159	22	,	,	PUNCT
fbem-28640	159	23	and	and	CCONJ
fbem-28640	159	24	the	the	DET
fbem-28640	159	25	overall	overall	ADJ
fbem-28640	159	26	competitive	competitive	ADJ
fbem-28640	159	27	landscape	landscape	NOUN
fbem-28640	159	28	in	in	ADP
fbem-28640	159	29	each	each	DET
fbem-28640	159	30	market	market	NOUN
fbem-28640	159	31	.	.	PUNCT
fbem-28640	160	1	consequently	consequently	ADV
fbem-28640	160	2	,	,	PUNCT
fbem-28640	160	3	countries	country	NOUN
fbem-28640	160	4	should	should	AUX
fbem-28640	160	5	consider	consider	VERB
fbem-28640	160	6	introducing	introduce	VERB
fbem-28640	160	7	policies	policy	NOUN
fbem-28640	160	8	that	that	PRON
fbem-28640	160	9	support	support	VERB
fbem-28640	160	10	fintech	fintech	NOUN
fbem-28640	160	11	startups	startup	NOUN
fbem-28640	160	12	to	to	PART
fbem-28640	160	13	improve	improve	VERB
fbem-28640	160	14	sme	sme	NOUN
fbem-28640	160	15	efficiency	efficiency	NOUN
fbem-28640	160	16	and	and	CCONJ
fbem-28640	160	17	enhance	enhance	VERB
fbem-28640	160	18	cross	cross	ADJ
fbem-28640	160	19	-	-	ADJ
fbem-28640	160	20	border	border	ADJ
fbem-28640	160	21	investment	investment	NOUN
fbem-28640	160	22	evaluations	evaluation	NOUN
fbem-28640	160	23	by	by	ADP
fbem-28640	160	24	considering	consider	VERB
fbem-28640	160	25	both	both	CCONJ
fbem-28640	160	26	fintech	fintech	NOUN
fbem-28640	160	27	and	and	CCONJ
fbem-28640	160	28	cultural	cultural	ADJ
fbem-28640	160	29	factors	factor	NOUN
fbem-28640	160	30	.	.	PUNCT
fbem-28640	161	1	4.1	4.1	NUM
fbem-28640	161	2	.	.	PUNCT
fbem-28640	161	3	chengfang	chengfang	PROPN
fbem-28640	161	4	fintech	fintech	PROPN
fbem-28640	161	5	(	(	PUNCT
fbem-28640	161	6	china	china	PROPN
fbem-28640	161	7	)	)	PUNCT
fbem-28640	161	8	vs.	vs.	ADP
fbem-28640	161	9	synctera	synctera	NOUN
fbem-28640	161	10	(	(	PUNCT
fbem-28640	161	11	usa	usa	PROPN
fbem-28640	161	12	)	)	PUNCT
fbem-28640	161	13	the	the	DET
fbem-28640	161	14	role	role	NOUN
fbem-28640	161	15	of	of	ADP
fbem-28640	161	16	vc	vc	PROPN
fbem-28640	161	17	in	in	ADP
fbem-28640	161	18	fintech	fintech	NOUN
fbem-28640	161	19	differs	differ	VERB
fbem-28640	161	20	significantly	significantly	ADV
fbem-28640	161	21	between	between	ADP
fbem-28640	161	22	the	the	DET
fbem-28640	161	23	u.s	u.s	PROPN
fbem-28640	161	24	.	.	PROPN
fbem-28640	161	25	and	and	CCONJ
fbem-28640	161	26	china	china	PROPN
fbem-28640	161	27	,	,	PUNCT
fbem-28640	161	28	influenced	influence	VERB
fbem-28640	161	29	by	by	ADP
fbem-28640	161	30	cultural	cultural	ADJ
fbem-28640	161	31	.	.	PUNCT
fbem-28640	162	1	for	for	ADP
fbem-28640	162	2	synctera	synctera	NOUN
fbem-28640	162	3	,	,	PUNCT
fbem-28640	162	4	founded	found	VERB
fbem-28640	162	5	in	in	ADP
fbem-28640	162	6	2021	2021	NUM
fbem-28640	162	7	in	in	ADP
fbem-28640	162	8	the	the	DET
fbem-28640	162	9	united	united	PROPN
fbem-28640	162	10	states	states	PROPN
fbem-28640	162	11	,	,	PUNCT
fbem-28640	162	12	vcs	vcs	PROPN
fbem-28640	162	13	primarily	primarily	ADV
fbem-28640	162	14	consist	consist	VERB
fbem-28640	162	15	of	of	ADP
fbem-28640	162	16	private	private	ADJ
fbem-28640	162	17	firms	firm	NOUN
fbem-28640	162	18	and	and	CCONJ
fbem-28640	162	19	angel	angel	NOUN
fbem-28640	162	20	investors	investor	NOUN
fbem-28640	162	21	willing	willing	ADJ
fbem-28640	162	22	to	to	PART
fbem-28640	162	23	take	take	VERB
fbem-28640	162	24	risks	risk	NOUN
fbem-28640	162	25	on	on	ADP
fbem-28640	162	26	innovative	innovative	ADJ
fbem-28640	162	27	solutions	solution	NOUN
fbem-28640	162	28	.	.	PUNCT
fbem-28640	163	1	the	the	DET
fbem-28640	163	2	u.s	u.s	PROPN
fbem-28640	163	3	.	.	PROPN
fbem-28640	163	4	vc	vc	PROPN
fbem-28640	163	5	culture	culture	NOUN
fbem-28640	163	6	encourages	encourage	VERB
fbem-28640	163	7	high	high	ADJ
fbem-28640	163	8	-	-	PUNCT
fbem-28640	163	9	risk	risk	NOUN
fbem-28640	163	10	,	,	PUNCT
fbem-28640	163	11	highreward	highreward	ADJ
fbem-28640	163	12	opportunities	opportunity	NOUN
fbem-28640	163	13	,	,	PUNCT
fbem-28640	163	14	driving	drive	VERB
fbem-28640	163	15	startups	startup	NOUN
fbem-28640	163	16	to	to	PART
fbem-28640	163	17	pursue	pursue	VERB
fbem-28640	163	18	rapid	rapid	ADJ
fbem-28640	163	19	growth	growth	NOUN
fbem-28640	163	20	and	and	CCONJ
fbem-28640	163	21	market	market	NOUN
fbem-28640	163	22	expansion	expansion	NOUN
fbem-28640	163	23	.	.	PUNCT
fbem-28640	164	1	in	in	ADP
fbem-28640	164	2	this	this	DET
fbem-28640	164	3	environment	environment	NOUN
fbem-28640	164	4	,	,	PUNCT
fbem-28640	164	5	vcs	vcs	PROPN
fbem-28640	164	6	often	often	ADV
fbem-28640	164	7	promote	promote	VERB
fbem-28640	164	8	a	a	DET
fbem-28640	164	9	"	"	PUNCT
fbem-28640	164	10	fail	fail	ADJ
fbem-28640	164	11	fast	fast	ADJ
fbem-28640	164	12	"	"	PUNCT
fbem-28640	164	13	mentality	mentality	NOUN
fbem-28640	164	14	,	,	PUNCT
fbem-28640	164	15	which	which	PRON
fbem-28640	164	16	is	be	AUX
fbem-28640	164	17	a	a	DET
fbem-28640	164	18	prevalent	prevalent	ADJ
fbem-28640	164	19	concept	concept	NOUN
fbem-28640	164	20	in	in	ADP
fbem-28640	164	21	the	the	DET
fbem-28640	164	22	u.s	u.s	PROPN
fbem-28640	164	23	.	.	PROPN
fbem-28640	164	24	entrepreneurial	entrepreneurial	ADJ
fbem-28640	164	25	ecosystem	ecosystem	NOUN
fbem-28640	164	26	,	,	PUNCT
fbem-28640	164	27	particularly	particularly	ADV
fbem-28640	164	28	within	within	ADP
fbem-28640	164	29	technology	technology	NOUN
fbem-28640	164	30	and	and	CCONJ
fbem-28640	164	31	fintech	fintech	NOUN
fbem-28640	164	32	sectors	sector	NOUN
fbem-28640	164	33	.	.	PUNCT
fbem-28640	165	1	this	this	DET
fbem-28640	165	2	mentality	mentality	NOUN
fbem-28640	165	3	emphasizes	emphasize	VERB
fbem-28640	165	4	the	the	DET
fbem-28640	165	5	importance	importance	NOUN
fbem-28640	165	6	of	of	ADP
fbem-28640	165	7	rapid	rapid	ADJ
fbem-28640	165	8	experimentation	experimentation	NOUN
fbem-28640	165	9	and	and	CCONJ
fbem-28640	165	10	iteration	iteration	NOUN
fbem-28640	165	11	based	base	VERB
fbem-28640	165	12	on	on	ADP
fbem-28640	165	13	market	market	NOUN
fbem-28640	165	14	feedback	feedback	NOUN
fbem-28640	165	15	.	.	PUNCT
fbem-28640	166	1	popularized	popularize	VERB
fbem-28640	166	2	by	by	ADP
fbem-28640	166	3	eric	eric	PROPN
fbem-28640	166	4	ries	rie	NOUN
fbem-28640	166	5	in	in	ADP
fbem-28640	166	6	his	his	PRON
fbem-28640	166	7	blog	blog	NOUN
fbem-28640	166	8	post	post	NOUN
fbem-28640	166	9	"	"	PUNCT
fbem-28640	166	10	minimum	minimum	ADJ
fbem-28640	166	11	viable	viable	ADJ
fbem-28640	166	12	product	product	NOUN
fbem-28640	166	13	:	:	PUNCT
fbem-28640	166	14	a	a	DET
fbem-28640	166	15	guide	guide	NOUN
fbem-28640	166	16	,	,	PUNCT
fbem-28640	166	17	"	"	PUNCT
fbem-28640	166	18	this	this	DET
fbem-28640	166	19	approach	approach	NOUN
fbem-28640	166	20	encourages	encourage	VERB
fbem-28640	166	21	startups	startup	NOUN
fbem-28640	166	22	to	to	PART
fbem-28640	166	23	create	create	VERB
fbem-28640	166	24	minimum	minimum	ADJ
fbem-28640	166	25	viable	viable	ADJ
fbem-28640	166	26	products	product	NOUN
fbem-28640	166	27	(	(	PUNCT
fbem-28640	166	28	mvps	mvps	PROPN
fbem-28640	166	29	)	)	PUNCT
fbem-28640	166	30	and	and	CCONJ
fbem-28640	166	31	learn	learn	VERB
fbem-28640	166	32	from	from	ADP
fbem-28640	166	33	failures	failure	NOUN
fbem-28640	166	34	to	to	PART
fbem-28640	166	35	inform	inform	VERB
fbem-28640	166	36	their	their	PRON
fbem-28640	166	37	development	development	NOUN
fbem-28640	166	38	strategies	strategy	NOUN
fbem-28640	166	39	.	.	PUNCT
fbem-28640	167	1	synctera	synctera	NOUN
fbem-28640	167	2	's	's	PART
fbem-28640	167	3	ability	ability	NOUN
fbem-28640	167	4	to	to	PART
fbem-28640	167	5	innovate	innovate	VERB
fbem-28640	167	6	and	and	CCONJ
fbem-28640	167	7	differentiate	differentiate	VERB
fbem-28640	167	8	itself	itself	PRON
fbem-28640	167	9	is	be	AUX
fbem-28640	167	10	significantly	significantly	ADV
fbem-28640	167	11	bolstered	bolster	VERB
fbem-28640	167	12	by	by	ADP
fbem-28640	167	13	this	this	DET
fbem-28640	167	14	competitive	competitive	ADJ
fbem-28640	167	15	and	and	CCONJ
fbem-28640	167	16	supportive	supportive	ADJ
fbem-28640	167	17	vc	vc	PROPN
fbem-28640	167	18	ecosystem	ecosystem	NOUN
fbem-28640	167	19	.	.	PUNCT
fbem-28640	168	1	in	in	ADP
fbem-28640	168	2	contrast	contrast	NOUN
fbem-28640	168	3	,	,	PUNCT
fbem-28640	168	4	chengfang	chengfang	ADJ
fbem-28640	168	5	fintech	fintech	NOUN
fbem-28640	168	6	,	,	PUNCT
fbem-28640	168	7	established	establish	VERB
fbem-28640	168	8	in	in	ADP
fbem-28640	168	9	2020	2020	NUM
fbem-28640	168	10	in	in	ADP
fbem-28640	168	11	china	china	PROPN
fbem-28640	168	12	,	,	PUNCT
fbem-28640	168	13	operates	operate	VERB
fbem-28640	168	14	within	within	ADP
fbem-28640	168	15	a	a	DET
fbem-28640	168	16	more	more	ADV
fbem-28640	168	17	conservative	conservative	ADJ
fbem-28640	168	18	investment	investment	NOUN
fbem-28640	168	19	landscape	landscape	NOUN
fbem-28640	168	20	.	.	PUNCT
fbem-28640	169	1	funding	funding	NOUN
fbem-28640	169	2	sources	source	NOUN
fbem-28640	169	3	are	be	AUX
fbem-28640	169	4	often	often	ADV
fbem-28640	169	5	limited	limit	VERB
fbem-28640	169	6	to	to	ADP
fbem-28640	169	7	state	state	NOUN
fbem-28640	169	8	-	-	PUNCT
fbem-28640	169	9	owned	own	VERB
fbem-28640	169	10	enterprises	enterprise	NOUN
fbem-28640	169	11	and	and	CCONJ
fbem-28640	169	12	government	government	NOUN
fbem-28640	169	13	-	-	PUNCT
fbem-28640	169	14	backed	back	VERB
fbem-28640	169	15	initiatives	initiative	NOUN
fbem-28640	169	16	,	,	PUNCT
fbem-28640	169	17	which	which	PRON
fbem-28640	169	18	emphasize	emphasize	VERB
fbem-28640	169	19	stability	stability	NOUN
fbem-28640	169	20	and	and	CCONJ
fbem-28640	169	21	alignment	alignment	NOUN
fbem-28640	169	22	with	with	ADP
fbem-28640	169	23	national	national	ADJ
fbem-28640	169	24	priorities	priority	NOUN
fbem-28640	169	25	over	over	ADP
fbem-28640	169	26	aggressive	aggressive	ADJ
fbem-28640	169	27	growth	growth	NOUN
fbem-28640	169	28	strategies	strategy	NOUN
fbem-28640	169	29	.	.	PUNCT
fbem-28640	170	1	the	the	DET
fbem-28640	170	2	cultural	cultural	ADJ
fbem-28640	170	3	attitude	attitude	NOUN
fbem-28640	170	4	towards	towards	ADP
fbem-28640	170	5	risk	risk	NOUN
fbem-28640	170	6	in	in	ADP
fbem-28640	170	7	china	china	PROPN
fbem-28640	170	8	tends	tend	VERB
fbem-28640	170	9	to	to	PART
fbem-28640	170	10	favor	favor	VERB
fbem-28640	170	11	caution	caution	NOUN
fbem-28640	170	12	,	,	PUNCT
fbem-28640	170	13	with	with	ADP
fbem-28640	170	14	less	less	ADJ
fbem-28640	170	15	tolerance	tolerance	NOUN
fbem-28640	170	16	for	for	ADP
fbem-28640	170	17	failure	failure	NOUN
fbem-28640	170	18	.	.	PUNCT
fbem-28640	171	1	this	this	DET
fbem-28640	171	2	results	result	VERB
fbem-28640	171	3	in	in	ADP
fbem-28640	171	4	a	a	DET
fbem-28640	171	5	vc	vc	NOUN
fbem-28640	171	6	environment	environment	NOUN
fbem-28640	171	7	that	that	PRON
fbem-28640	171	8	prioritizes	prioritize	VERB
fbem-28640	171	9	proven	prove	VERB
fbem-28640	171	10	models	model	NOUN
fbem-28640	171	11	and	and	CCONJ
fbem-28640	171	12	incremental	incremental	ADJ
fbem-28640	171	13	innovation	innovation	NOUN
fbem-28640	171	14	,	,	PUNCT
fbem-28640	171	15	which	which	PRON
fbem-28640	171	16	may	may	AUX
fbem-28640	171	17	not	not	PART
fbem-28640	171	18	favor	favor	VERB
fbem-28640	171	19	the	the	DET
fbem-28640	171	20	same	same	ADJ
fbem-28640	171	21	level	level	NOUN
fbem-28640	171	22	of	of	ADP
fbem-28640	171	23	entrepreneurial	entrepreneurial	ADJ
fbem-28640	171	24	risk	risk	NOUN
fbem-28640	171	25	-	-	PUNCT
fbem-28640	171	26	taking	taking	NOUN
fbem-28640	171	27	seen	see	VERB
fbem-28640	171	28	in	in	ADP
fbem-28640	171	29	the	the	DET
fbem-28640	171	30	u.s	u.s	PROPN
fbem-28640	171	31	.	.	PROPN
fbem-28640	171	32	this	this	DET
fbem-28640	171	33	approach	approach	NOUN
fbem-28640	171	34	shapes	shape	VERB
fbem-28640	171	35	chengfang	chengfang	PROPN
fbem-28640	171	36	fintech	fintech	NOUN
fbem-28640	171	37	’s	’s	PART
fbem-28640	171	38	business	business	NOUN
fbem-28640	171	39	strategy	strategy	NOUN
fbem-28640	171	40	around	around	ADP
fbem-28640	171	41	regulatory	regulatory	ADJ
fbem-28640	171	42	compliance	compliance	NOUN
fbem-28640	171	43	,	,	PUNCT
fbem-28640	171	44	requiring	require	VERB
fbem-28640	171	45	close	close	ADJ
fbem-28640	171	46	adherence	adherence	NOUN
fbem-28640	171	47	to	to	ADP
fbem-28640	171	48	government	government	NOUN
fbem-28640	171	49	policies	policy	NOUN
fbem-28640	171	50	and	and	CCONJ
fbem-28640	171	51	initiatives	initiative	NOUN
fbem-28640	171	52	.	.	PUNCT
fbem-28640	172	1	the	the	DET
fbem-28640	172	2	regulatory	regulatory	ADJ
fbem-28640	172	3	environments	environment	NOUN
fbem-28640	172	4	in	in	ADP
fbem-28640	172	5	both	both	DET
fbem-28640	172	6	countries	country	NOUN
fbem-28640	172	7	further	far	ADV
fbem-28640	172	8	contribute	contribute	VERB
fbem-28640	172	9	to	to	ADP
fbem-28640	172	10	the	the	DET
fbem-28640	172	11	differences	difference	NOUN
fbem-28640	172	12	in	in	ADP
fbem-28640	172	13	vc	vc	NOUN
fbem-28640	172	14	roles	role	NOUN
fbem-28640	172	15	.	.	PUNCT
fbem-28640	173	1	in	in	ADP
fbem-28640	173	2	the	the	DET
fbem-28640	173	3	u.s	u.s	PROPN
fbem-28640	173	4	.	.	PROPN
fbem-28640	173	5	,	,	PUNCT
fbem-28640	173	6	vcs	vcs	PROPN
fbem-28640	173	7	often	often	ADV
fbem-28640	173	8	encourage	encourage	VERB
fbem-28640	173	9	startups	startup	NOUN
fbem-28640	173	10	like	like	ADP
fbem-28640	173	11	synctera	synctera	NOUN
fbem-28640	173	12	to	to	PART
fbem-28640	173	13	navigate	navigate	VERB
fbem-28640	173	14	regulations	regulation	NOUN
fbem-28640	173	15	creatively	creatively	ADV
fbem-28640	173	16	,	,	PUNCT
fbem-28640	173	17	leading	lead	VERB
fbem-28640	173	18	to	to	ADP
fbem-28640	173	19	agile	agile	ADJ
fbem-28640	173	20	product	product	NOUN
fbem-28640	173	21	development	development	NOUN
fbem-28640	173	22	and	and	CCONJ
fbem-28640	173	23	responsiveness	responsiveness	NOUN
fbem-28640	173	24	to	to	ADP
fbem-28640	173	25	market	market	NOUN
fbem-28640	173	26	needs	need	NOUN
fbem-28640	173	27	.	.	PUNCT
fbem-28640	174	1	conversely	conversely	ADV
fbem-28640	174	2	,	,	PUNCT
fbem-28640	174	3	chengfang	chengfang	ADJ
fbem-28640	174	4	fintech	fintech	NOUN
fbem-28640	174	5	must	must	AUX
fbem-28640	174	6	align	align	VERB
fbem-28640	174	7	its	its	PRON
fbem-28640	174	8	operations	operation	NOUN
fbem-28640	174	9	with	with	ADP
fbem-28640	174	10	strict	strict	ADJ
fbem-28640	174	11	governmental	governmental	ADJ
fbem-28640	174	12	regulations	regulation	NOUN
fbem-28640	174	13	,	,	PUNCT
fbem-28640	174	14	which	which	PRON
fbem-28640	174	15	can	can	AUX
fbem-28640	174	16	restrict	restrict	VERB
fbem-28640	174	17	the	the	DET
fbem-28640	174	18	pace	pace	NOUN
fbem-28640	174	19	of	of	ADP
fbem-28640	174	20	innovation	innovation	NOUN
fbem-28640	174	21	and	and	CCONJ
fbem-28640	174	22	the	the	DET
fbem-28640	174	23	types	type	NOUN
fbem-28640	174	24	of	of	ADP
fbem-28640	174	25	fintech	fintech	NOUN
fbem-28640	174	26	solutions	solution	NOUN
fbem-28640	174	27	developed	develop	VERB
fbem-28640	174	28	.	.	PUNCT
fbem-28640	175	1	as	as	ADP
fbem-28640	175	2	a	a	DET
fbem-28640	175	3	result	result	NOUN
fbem-28640	175	4	,	,	PUNCT
fbem-28640	175	5	innovation	innovation	NOUN
fbem-28640	175	6	in	in	ADP
fbem-28640	175	7	the	the	DET
fbem-28640	175	8	u.s	u.s	PROPN
fbem-28640	175	9	.	.	PROPN
fbem-28640	175	10	tends	tend	VERB
fbem-28640	175	11	to	to	PART
fbem-28640	175	12	be	be	AUX
fbem-28640	175	13	more	more	ADV
fbem-28640	175	14	disruptive	disruptive	ADJ
fbem-28640	175	15	,	,	PUNCT
fbem-28640	175	16	while	while	SCONJ
fbem-28640	175	17	in	in	ADP
fbem-28640	175	18	china	china	PROPN
fbem-28640	175	19	,	,	PUNCT
fbem-28640	175	20	it	it	PRON
fbem-28640	175	21	is	be	AUX
fbem-28640	175	22	often	often	ADV
fbem-28640	175	23	incremental	incremental	ADJ
fbem-28640	175	24	,	,	PUNCT
fbem-28640	175	25	focusing	focus	VERB
fbem-28640	175	26	on	on	ADP
fbem-28640	175	27	enhancing	enhance	VERB
fbem-28640	175	28	existing	exist	VERB
fbem-28640	175	29	systems	system	NOUN
fbem-28640	175	30	rather	rather	ADV
fbem-28640	175	31	than	than	ADP
fbem-28640	175	32	radically	radically	ADV
fbem-28640	175	33	transforming	transform	VERB
fbem-28640	175	34	the	the	DET
fbem-28640	175	35	market	market	NOUN
fbem-28640	175	36	.	.	PUNCT
fbem-28640	176	1	partnerships	partnership	NOUN
fbem-28640	176	2	and	and	CCONJ
fbem-28640	176	3	collaborations	collaboration	NOUN
fbem-28640	176	4	also	also	ADV
fbem-28640	176	5	vary	vary	VERB
fbem-28640	176	6	between	between	ADP
fbem-28640	176	7	the	the	DET
fbem-28640	176	8	two	two	NUM
fbem-28640	176	9	companies	company	NOUN
fbem-28640	176	10	due	due	ADP
fbem-28640	176	11	to	to	ADP
fbem-28640	176	12	their	their	PRON
fbem-28640	176	13	distinct	distinct	ADJ
fbem-28640	176	14	vc	vc	PROPN
fbem-28640	176	15	environments	environment	NOUN
fbem-28640	176	16	.	.	PUNCT
fbem-28640	177	1	synctera	synctera	NOUN
fbem-28640	177	2	may	may	AUX
fbem-28640	177	3	seek	seek	VERB
fbem-28640	177	4	partnerships	partnership	NOUN
fbem-28640	177	5	with	with	ADP
fbem-28640	177	6	banks	bank	NOUN
fbem-28640	177	7	and	and	CCONJ
fbem-28640	177	8	other	other	ADJ
fbem-28640	177	9	financial	financial	ADJ
fbem-28640	177	10	institutions	institution	NOUN
fbem-28640	177	11	to	to	PART
fbem-28640	177	12	enhance	enhance	VERB
fbem-28640	177	13	its	its	PRON
fbem-28640	177	14	product	product	NOUN
fbem-28640	177	15	offerings	offering	NOUN
fbem-28640	177	16	,	,	PUNCT
fbem-28640	177	17	operating	operate	VERB
fbem-28640	177	18	in	in	ADP
fbem-28640	177	19	a	a	DET
fbem-28640	177	20	more	more	ADV
fbem-28640	177	21	market	market	NOUN
fbem-28640	177	22	-	-	PUNCT
fbem-28640	177	23	driven	drive	VERB
fbem-28640	177	24	context	context	NOUN
fbem-28640	177	25	.	.	PUNCT
fbem-28640	178	1	in	in	ADP
fbem-28640	178	2	contrast	contrast	NOUN
fbem-28640	178	3	,	,	PUNCT
fbem-28640	178	4	chengfang	chengfang	ADJ
fbem-28640	178	5	fintech	fintech	NOUN
fbem-28640	178	6	relies	rely	VERB
fbem-28640	178	7	heavily	heavily	ADV
fbem-28640	178	8	on	on	ADP
fbem-28640	178	9	collaboration	collaboration	NOUN
fbem-28640	178	10	with	with	ADP
fbem-28640	178	11	government	government	NOUN
fbem-28640	178	12	entities	entity	NOUN
fbem-28640	178	13	and	and	CCONJ
fbem-28640	178	14	state	state	NOUN
fbem-28640	178	15	-	-	PUNCT
fbem-28640	178	16	owned	own	VERB
fbem-28640	178	17	enterprises	enterprise	NOUN
fbem-28640	178	18	,	,	PUNCT
fbem-28640	178	19	as	as	SCONJ
fbem-28640	178	20	these	these	DET
fbem-28640	178	21	partnerships	partnership	NOUN
fbem-28640	178	22	are	be	AUX
fbem-28640	178	23	necessary	necessary	ADJ
fbem-28640	178	24	for	for	ADP
fbem-28640	178	25	ensuring	ensure	VERB
fbem-28640	178	26	compliance	compliance	NOUN
fbem-28640	178	27	and	and	CCONJ
fbem-28640	178	28	receiving	receive	VERB
fbem-28640	178	29	support	support	NOUN
fbem-28640	178	30	.	.	PUNCT
fbem-28640	179	1	this	this	DET
fbem-28640	179	2	reliance	reliance	NOUN
fbem-28640	179	3	on	on	ADP
fbem-28640	179	4	government	government	NOUN
fbem-28640	179	5	relationships	relationship	NOUN
fbem-28640	179	6	shapes	shape	VERB
fbem-28640	179	7	chengfang	chengfang	ADJ
fbem-28640	179	8	fintech	fintech	NOUN
fbem-28640	179	9	’s	’s	PART
fbem-28640	179	10	strategy	strategy	NOUN
fbem-28640	179	11	,	,	PUNCT
fbem-28640	179	12	steering	steer	VERB
fbem-28640	179	13	it	it	PRON
fbem-28640	179	14	toward	toward	ADP
fbem-28640	179	15	objectives	objective	NOUN
fbem-28640	179	16	that	that	PRON
fbem-28640	179	17	align	align	VERB
fbem-28640	179	18	with	with	ADP
fbem-28640	179	19	national	national	ADJ
fbem-28640	179	20	goals	goal	NOUN
fbem-28640	179	21	rather	rather	ADV
fbem-28640	179	22	than	than	ADP
fbem-28640	179	23	purely	purely	ADV
fbem-28640	179	24	market	market	NOUN
fbem-28640	179	25	-	-	PUNCT
fbem-28640	179	26	driven	drive	VERB
fbem-28640	179	27	incentives	incentive	NOUN
fbem-28640	179	28	.	.	PUNCT
fbem-28640	180	1	in	in	ADP
fbem-28640	180	2	conclusion	conclusion	NOUN
fbem-28640	180	3	,	,	PUNCT
fbem-28640	180	4	the	the	DET
fbem-28640	180	5	role	role	NOUN
fbem-28640	180	6	of	of	ADP
fbem-28640	180	7	vc	vc	PROPN
fbem-28640	180	8	in	in	ADP
fbem-28640	180	9	fintech	fintech	NOUN
fbem-28640	180	10	for	for	ADP
fbem-28640	180	11	synctera	synctera	NOUN
fbem-28640	180	12	and	and	CCONJ
fbem-28640	180	13	chengfang	chengfang	PROPN
fbem-28640	180	14	fintech	fintech	NOUN
fbem-28640	180	15	is	be	AUX
fbem-28640	180	16	significantly	significantly	ADV
fbem-28640	180	17	shaped	shape	VERB
fbem-28640	180	18	by	by	ADP
fbem-28640	180	19	cultural	cultural	ADJ
fbem-28640	180	20	differences	difference	NOUN
fbem-28640	180	21	between	between	ADP
fbem-28640	180	22	the	the	DET
fbem-28640	180	23	u.s	u.s	PROPN
fbem-28640	180	24	.	.	PROPN
fbem-28640	180	25	and	and	CCONJ
fbem-28640	180	26	china	china	PROPN
fbem-28640	180	27	.	.	PUNCT
fbem-28640	181	1	the	the	PRON
fbem-28640	181	2	u.s	u.s	PROPN
fbem-28640	181	3	.	.	PROPN
fbem-28640	181	4	fosters	foster	VERB
fbem-28640	181	5	a	a	DET
fbem-28640	181	6	culture	culture	NOUN
fbem-28640	181	7	of	of	ADP
fbem-28640	181	8	rapid	rapid	ADJ
fbem-28640	181	9	innovation	innovation	NOUN
fbem-28640	181	10	and	and	CCONJ
fbem-28640	181	11	risk	risk	NOUN
fbem-28640	181	12	-	-	PUNCT
fbem-28640	181	13	taking	taking	NOUN
fbem-28640	181	14	,	,	PUNCT
fbem-28640	181	15	enabling	enable	VERB
fbem-28640	181	16	synctera	synctera	NOUN
fbem-28640	181	17	to	to	PART
fbem-28640	181	18	leverage	leverage	VERB
fbem-28640	181	19	the	the	DET
fbem-28640	181	20	supportive	supportive	ADJ
fbem-28640	181	21	vc	vc	PROPN
fbem-28640	181	22	ecosystem	ecosystem	NOUN
fbem-28640	181	23	effectively	effectively	ADV
fbem-28640	181	24	.	.	PUNCT
fbem-28640	182	1	391	391	NUM
fbem-28640	182	2	meanwhile	meanwhile	ADV
fbem-28640	182	3	,	,	PUNCT
fbem-28640	182	4	chengfang	chengfang	ADJ
fbem-28640	182	5	fintech	fintech	NOUN
fbem-28640	182	6	operates	operate	VERB
fbem-28640	182	7	in	in	ADP
fbem-28640	182	8	a	a	DET
fbem-28640	182	9	more	more	ADV
fbem-28640	182	10	conservative	conservative	ADJ
fbem-28640	182	11	environment	environment	NOUN
fbem-28640	182	12	where	where	SCONJ
fbem-28640	182	13	vc	vc	PROPN
fbem-28640	182	14	involvement	involvement	NOUN
fbem-28640	182	15	is	be	AUX
fbem-28640	182	16	influenced	influence	VERB
fbem-28640	182	17	by	by	ADP
fbem-28640	182	18	regulatory	regulatory	ADJ
fbem-28640	182	19	compliance	compliance	NOUN
fbem-28640	182	20	and	and	CCONJ
fbem-28640	182	21	government	government	NOUN
fbem-28640	182	22	priorities	priority	NOUN
fbem-28640	182	23	.	.	PUNCT
fbem-28640	183	1	these	these	DET
fbem-28640	183	2	contrasting	contrast	VERB
fbem-28640	183	3	dynamics	dynamic	NOUN
fbem-28640	183	4	impact	impact	NOUN
fbem-28640	183	5	how	how	SCONJ
fbem-28640	183	6	each	each	DET
fbem-28640	183	7	company	company	NOUN
fbem-28640	183	8	approaches	approach	VERB
fbem-28640	183	9	product	product	NOUN
fbem-28640	183	10	development	development	NOUN
fbem-28640	183	11	,	,	PUNCT
fbem-28640	183	12	partnerships	partnership	NOUN
fbem-28640	183	13	,	,	PUNCT
fbem-28640	183	14	and	and	CCONJ
fbem-28640	183	15	overall	overall	ADJ
fbem-28640	183	16	business	business	NOUN
fbem-28640	183	17	strategy	strategy	NOUN
fbem-28640	183	18	within	within	ADP
fbem-28640	183	19	their	their	PRON
fbem-28640	183	20	respective	respective	ADJ
fbem-28640	183	21	markets	market	NOUN
fbem-28640	183	22	.	.	PUNCT
fbem-28640	184	1	4.2	4.2	NUM
fbem-28640	184	2	.	.	PUNCT
fbem-28640	184	3	drip	drip	NOUN
fbem-28640	184	4	irrigation	irrigation	NOUN
fbem-28640	184	5	group	group	NOUN
fbem-28640	184	6	(	(	PUNCT
fbem-28640	184	7	china	china	PROPN
fbem-28640	184	8	)	)	PUNCT
fbem-28640	184	9	vs.	vs.	X
fbem-28640	184	10	lendio	lendio	X
fbem-28640	184	11	(	(	PUNCT
fbem-28640	184	12	usa	usa	NOUN
fbem-28640	184	13	)	)	PUNCT
fbem-28640	184	14	drip	drip	NOUN
fbem-28640	184	15	irrigation	irrigation	NOUN
fbem-28640	184	16	group	group	NOUN
fbem-28640	184	17	is	be	AUX
fbem-28640	184	18	a	a	DET
fbem-28640	184	19	fintech	fintech	NOUN
fbem-28640	184	20	startup	startup	NOUN
fbem-28640	184	21	that	that	PRON
fbem-28640	184	22	connects	connect	VERB
fbem-28640	184	23	global	global	ADJ
fbem-28640	184	24	capital	capital	NOUN
fbem-28640	184	25	with	with	ADP
fbem-28640	184	26	micro	micro	ADJ
fbem-28640	184	27	and	and	CCONJ
fbem-28640	184	28	small	small	ADJ
fbem-28640	184	29	enterprises	enterprise	NOUN
fbem-28640	184	30	through	through	ADP
fbem-28640	184	31	innovative	innovative	ADJ
fbem-28640	184	32	financial	financial	ADJ
fbem-28640	184	33	solutions	solution	NOUN
fbem-28640	184	34	.	.	PUNCT
fbem-28640	185	1	it	it	PRON
fbem-28640	185	2	operates	operate	VERB
fbem-28640	185	3	the	the	DET
fbem-28640	185	4	world	world	NOUN
fbem-28640	185	5	's	's	PART
fbem-28640	185	6	first	first	ADJ
fbem-28640	185	7	revenue	revenue	NOUN
fbem-28640	185	8	-	-	PUNCT
fbem-28640	185	9	sharing	share	VERB
fbem-28640	185	10	product	product	NOUN
fbem-28640	185	11	exchange	exchange	NOUN
fbem-28640	185	12	,	,	PUNCT
fbem-28640	185	13	the	the	DET
fbem-28640	185	14	drip	drip	NOUN
fbem-28640	185	15	irrigation	irrigation	NOUN
fbem-28640	185	16	macau	macau	PROPN
fbem-28640	185	17	financial	financial	ADJ
fbem-28640	185	18	asset	asset	NOUN
fbem-28640	185	19	exchange	exchange	NOUN
fbem-28640	185	20	,	,	PUNCT
fbem-28640	185	21	allowing	allow	VERB
fbem-28640	185	22	small	small	ADJ
fbem-28640	185	23	businesses	business	NOUN
fbem-28640	185	24	to	to	PART
fbem-28640	185	25	raise	raise	VERB
fbem-28640	185	26	affordable	affordable	ADJ
fbem-28640	185	27	long	long	ADJ
fbem-28640	185	28	-	-	PUNCT
fbem-28640	185	29	term	term	NOUN
fbem-28640	185	30	funding	funding	NOUN
fbem-28640	185	31	.	.	PUNCT
fbem-28640	186	1	the	the	DET
fbem-28640	186	2	company	company	NOUN
fbem-28640	186	3	has	have	AUX
fbem-28640	186	4	introduced	introduce	VERB
fbem-28640	186	5	revenue	revenue	NOUN
fbem-28640	186	6	based	base	VERB
fbem-28640	186	7	obligations	obligation	NOUN
fbem-28640	186	8	(	(	PUNCT
fbem-28640	186	9	rbos	rbo	NOUN
fbem-28640	186	10	)	)	PUNCT
fbem-28640	186	11	,	,	PUNCT
fbem-28640	186	12	providing	provide	VERB
fbem-28640	186	13	diverse	diverse	ADJ
fbem-28640	186	14	investment	investment	NOUN
fbem-28640	186	15	opportunities	opportunity	NOUN
fbem-28640	186	16	for	for	ADP
fbem-28640	186	17	investors	investor	NOUN
fbem-28640	186	18	while	while	SCONJ
fbem-28640	186	19	facilitating	facilitate	VERB
fbem-28640	186	20	costeffective	costeffective	ADJ
fbem-28640	186	21	financing	financing	NOUN
fbem-28640	186	22	for	for	ADP
fbem-28640	186	23	small	small	ADJ
fbem-28640	186	24	enterprises	enterprise	NOUN
fbem-28640	186	25	.	.	PUNCT
fbem-28640	187	1	with	with	ADP
fbem-28640	187	2	rapid	rapid	ADJ
fbem-28640	187	3	growth	growth	NOUN
fbem-28640	187	4	and	and	CCONJ
fbem-28640	187	5	the	the	DET
fbem-28640	187	6	establishment	establishment	NOUN
fbem-28640	187	7	of	of	ADP
fbem-28640	187	8	over	over	ADP
fbem-28640	187	9	10,000	10,000	NUM
fbem-28640	187	10	retail	retail	ADJ
fbem-28640	187	11	outlets	outlet	NOUN
fbem-28640	187	12	for	for	ADP
fbem-28640	187	13	investment	investment	NOUN
fbem-28640	187	14	,	,	PUNCT
fbem-28640	187	15	drip	drip	NOUN
fbem-28640	187	16	irrigation	irrigation	NOUN
fbem-28640	187	17	group	group	NOUN
fbem-28640	187	18	exemplifies	exemplify	VERB
fbem-28640	187	19	the	the	DET
fbem-28640	187	20	fintech	fintech	NOUN
fbem-28640	187	21	mission	mission	NOUN
fbem-28640	187	22	of	of	ADP
fbem-28640	187	23	enhancing	enhance	VERB
fbem-28640	187	24	financial	financial	ADJ
fbem-28640	187	25	inclusion	inclusion	NOUN
fbem-28640	187	26	and	and	CCONJ
fbem-28640	187	27	empowering	empower	VERB
fbem-28640	187	28	underserved	underserved	ADJ
fbem-28640	187	29	markets	market	NOUN
fbem-28640	187	30	through	through	ADP
fbem-28640	187	31	technology	technology	NOUN
fbem-28640	187	32	and	and	CCONJ
fbem-28640	187	33	innovative	innovative	ADJ
fbem-28640	187	34	financing	financing	NOUN
fbem-28640	187	35	models	model	NOUN
fbem-28640	187	36	.	.	PUNCT
fbem-28640	188	1	lendio	lendio	NOUN
fbem-28640	188	2	is	be	AUX
fbem-28640	188	3	a	a	DET
fbem-28640	188	4	top	top	ADJ
fbem-28640	188	5	u.s	u.s	PROPN
fbem-28640	188	6	.	.	PROPN
fbem-28640	188	7	provider	provider	NOUN
fbem-28640	188	8	of	of	ADP
fbem-28640	188	9	small	small	ADJ
fbem-28640	188	10	business	business	NOUN
fbem-28640	188	11	finance	finance	NOUN
fbem-28640	188	12	solutions	solution	NOUN
fbem-28640	188	13	,	,	PUNCT
fbem-28640	188	14	helping	help	VERB
fbem-28640	188	15	entrepreneurs	entrepreneur	NOUN
fbem-28640	188	16	access	access	NOUN
fbem-28640	188	17	and	and	CCONJ
fbem-28640	188	18	manage	manage	VERB
fbem-28640	188	19	capital	capital	NOUN
fbem-28640	188	20	by	by	ADP
fbem-28640	188	21	connecting	connect	VERB
fbem-28640	188	22	them	they	PRON
fbem-28640	188	23	with	with	ADP
fbem-28640	188	24	suitable	suitable	ADJ
fbem-28640	188	25	lenders	lender	NOUN
fbem-28640	188	26	.	.	PUNCT
fbem-28640	189	1	the	the	DET
fbem-28640	189	2	platform	platform	NOUN
fbem-28640	189	3	offers	offer	VERB
fbem-28640	189	4	a	a	DET
fbem-28640	189	5	freemium	freemium	NOUN
fbem-28640	189	6	bookkeeping	bookkeeping	NOUN
fbem-28640	189	7	tool	tool	NOUN
fbem-28640	189	8	,	,	PUNCT
fbem-28640	189	9	sunrise	sunrise	VERB
fbem-28640	189	10	,	,	PUNCT
fbem-28640	189	11	for	for	ADP
fbem-28640	189	12	managing	manage	VERB
fbem-28640	189	13	invoices	invoice	NOUN
fbem-28640	189	14	and	and	CCONJ
fbem-28640	189	15	expenses	expense	NOUN
fbem-28640	189	16	,	,	PUNCT
fbem-28640	189	17	and	and	CCONJ
fbem-28640	189	18	provides	provide	VERB
fbem-28640	189	19	banks	bank	NOUN
fbem-28640	189	20	a	a	DET
fbem-28640	189	21	customizable	customizable	ADJ
fbem-28640	189	22	application	application	NOUN
fbem-28640	189	23	to	to	PART
fbem-28640	189	24	streamline	streamline	VERB
fbem-28640	189	25	loan	loan	NOUN
fbem-28640	189	26	processes	process	NOUN
fbem-28640	189	27	.	.	PUNCT
fbem-28640	190	1	founded	found	VERB
fbem-28640	190	2	by	by	ADP
fbem-28640	190	3	brock	brock	PROPN
fbem-28640	190	4	blake	blake	PROPN
fbem-28640	190	5	and	and	CCONJ
fbem-28640	190	6	trent	trent	NOUN
fbem-28640	190	7	miskin	miskin	NOUN
fbem-28640	190	8	in	in	ADP
fbem-28640	190	9	2011	2011	NUM
fbem-28640	190	10	,	,	PUNCT
fbem-28640	190	11	lendio	lendio	NOUN
fbem-28640	190	12	aims	aim	VERB
fbem-28640	190	13	to	to	PART
fbem-28640	190	14	simplify	simplify	VERB
fbem-28640	190	15	financing	financing	NOUN
fbem-28640	190	16	for	for	ADP
fbem-28640	190	17	small	small	ADJ
fbem-28640	190	18	businesses	business	NOUN
fbem-28640	190	19	while	while	SCONJ
fbem-28640	190	20	enhancing	enhance	VERB
fbem-28640	190	21	customer	customer	NOUN
fbem-28640	190	22	experience	experience	NOUN
fbem-28640	190	23	through	through	ADP
fbem-28640	190	24	digitization	digitization	NOUN
fbem-28640	190	25	.	.	PUNCT
fbem-28640	191	1	in	in	ADP
fbem-28640	191	2	the	the	DET
fbem-28640	191	3	united	united	PROPN
fbem-28640	191	4	states	states	PROPN
fbem-28640	191	5	,	,	PUNCT
fbem-28640	191	6	venture	venture	NOUN
fbem-28640	191	7	capitalists	capitalist	NOUN
fbem-28640	191	8	advocate	advocate	VERB
fbem-28640	191	9	a	a	DET
fbem-28640	191	10	relatively	relatively	ADV
fbem-28640	191	11	liberal	liberal	ADJ
fbem-28640	191	12	and	and	CCONJ
fbem-28640	191	13	adventurous	adventurous	ADJ
fbem-28640	191	14	investment	investment	NOUN
fbem-28640	191	15	culture	culture	NOUN
fbem-28640	191	16	.	.	PUNCT
fbem-28640	192	1	however	however	ADV
fbem-28640	192	2	,	,	PUNCT
fbem-28640	192	3	they	they	PRON
fbem-28640	192	4	conduct	conduct	VERB
fbem-28640	192	5	extensive	extensive	ADJ
fbem-28640	192	6	due	due	ADJ
fbem-28640	192	7	diligence	diligence	NOUN
fbem-28640	192	8	and	and	CCONJ
fbem-28640	192	9	emphasize	emphasize	VERB
fbem-28640	192	10	sustainable	sustainable	ADJ
fbem-28640	192	11	business	business	NOUN
fbem-28640	192	12	models	model	NOUN
fbem-28640	192	13	due	due	ADP
fbem-28640	192	14	to	to	ADP
fbem-28640	192	15	the	the	DET
fbem-28640	192	16	maturity	maturity	NOUN
fbem-28640	192	17	of	of	ADP
fbem-28640	192	18	industry	industry	NOUN
fbem-28640	192	19	frameworks	framework	NOUN
fbem-28640	192	20	and	and	CCONJ
fbem-28640	192	21	regulatory	regulatory	ADJ
fbem-28640	192	22	policies	policy	NOUN
fbem-28640	192	23	.	.	PUNCT
fbem-28640	193	1	this	this	PRON
fbem-28640	193	2	reflects	reflect	VERB
fbem-28640	193	3	a	a	DET
fbem-28640	193	4	cultural	cultural	ADJ
fbem-28640	193	5	emphasis	emphasis	NOUN
fbem-28640	193	6	on	on	ADP
fbem-28640	193	7	individualism	individualism	NOUN
fbem-28640	193	8	and	and	CCONJ
fbem-28640	193	9	innovation	innovation	NOUN
fbem-28640	193	10	,	,	PUNCT
fbem-28640	193	11	where	where	SCONJ
fbem-28640	193	12	vc	vc	PROPN
fbem-28640	193	13	firms	firm	NOUN
fbem-28640	193	14	prioritize	prioritize	VERB
fbem-28640	193	15	startups	startup	NOUN
fbem-28640	193	16	with	with	ADP
fbem-28640	193	17	validated	validate	VERB
fbem-28640	193	18	management	management	NOUN
fbem-28640	193	19	teams	team	NOUN
fbem-28640	193	20	and	and	CCONJ
fbem-28640	193	21	clear	clear	ADJ
fbem-28640	193	22	paths	path	NOUN
fbem-28640	193	23	to	to	ADP
fbem-28640	193	24	profitability	profitability	NOUN
fbem-28640	193	25	.	.	PUNCT
fbem-28640	194	1	for	for	ADP
fbem-28640	194	2	instance	instance	NOUN
fbem-28640	194	3	,	,	PUNCT
fbem-28640	194	4	companies	company	NOUN
fbem-28640	194	5	like	like	ADP
fbem-28640	194	6	lendio	lendio	NOUN
fbem-28640	194	7	exemplify	exemplify	VERB
fbem-28640	194	8	this	this	DET
fbem-28640	194	9	approach	approach	NOUN
fbem-28640	194	10	by	by	ADP
fbem-28640	194	11	offering	offer	VERB
fbem-28640	194	12	tailored	tailor	VERB
fbem-28640	194	13	financial	financial	ADJ
fbem-28640	194	14	solutions	solution	NOUN
fbem-28640	194	15	while	while	SCONJ
fbem-28640	194	16	nurturing	nurture	VERB
fbem-28640	194	17	strong	strong	ADJ
fbem-28640	194	18	relationships	relationship	NOUN
fbem-28640	194	19	with	with	ADP
fbem-28640	194	20	small	small	ADJ
fbem-28640	194	21	business	business	NOUN
fbem-28640	194	22	owners	owner	NOUN
fbem-28640	194	23	.	.	PUNCT
fbem-28640	195	1	in	in	ADP
fbem-28640	195	2	contrast	contrast	NOUN
fbem-28640	195	3	,	,	PUNCT
fbem-28640	195	4	while	while	SCONJ
fbem-28640	195	5	the	the	DET
fbem-28640	195	6	investment	investment	NOUN
fbem-28640	195	7	culture	culture	NOUN
fbem-28640	195	8	in	in	ADP
fbem-28640	195	9	china	china	PROPN
fbem-28640	195	10	may	may	AUX
fbem-28640	195	11	appear	appear	VERB
fbem-28640	195	12	conservative	conservative	ADJ
fbem-28640	195	13	,	,	PUNCT
fbem-28640	195	14	government	government	NOUN
fbem-28640	195	15	policies	policy	NOUN
fbem-28640	195	16	and	and	CCONJ
fbem-28640	195	17	funding	funding	NOUN
fbem-28640	195	18	support	support	NOUN
fbem-28640	195	19	can	can	AUX
fbem-28640	195	20	facilitate	facilitate	VERB
fbem-28640	195	21	more	more	ADV
fbem-28640	195	22	rapid	rapid	ADJ
fbem-28640	195	23	financing	financing	NOUN
fbem-28640	195	24	and	and	CCONJ
fbem-28640	195	25	growth	growth	NOUN
fbem-28640	195	26	in	in	ADP
fbem-28640	195	27	the	the	DET
fbem-28640	195	28	fintech	fintech	NOUN
fbem-28640	195	29	sector	sector	NOUN
fbem-28640	195	30	.	.	PUNCT
fbem-28640	196	1	the	the	DET
fbem-28640	196	2	cultural	cultural	ADJ
fbem-28640	196	3	emphasis	emphasis	NOUN
fbem-28640	196	4	on	on	ADP
fbem-28640	196	5	collective	collective	ADJ
fbem-28640	196	6	success	success	NOUN
fbem-28640	196	7	and	and	CCONJ
fbem-28640	196	8	competitive	competitive	ADJ
fbem-28640	196	9	drive	drive	NOUN
fbem-28640	196	10	leads	lead	VERB
fbem-28640	196	11	chinese	chinese	ADJ
fbem-28640	196	12	venture	venture	NOUN
fbem-28640	196	13	capitalists	capitalist	NOUN
fbem-28640	196	14	to	to	PART
fbem-28640	196	15	adopt	adopt	VERB
fbem-28640	196	16	proactive	proactive	ADJ
fbem-28640	196	17	investment	investment	NOUN
fbem-28640	196	18	strategies	strategy	NOUN
fbem-28640	196	19	that	that	PRON
fbem-28640	196	20	prioritize	prioritize	VERB
fbem-28640	196	21	rapid	rapid	ADJ
fbem-28640	196	22	expansion	expansion	NOUN
fbem-28640	196	23	and	and	CCONJ
fbem-28640	196	24	scalability	scalability	NOUN
fbem-28640	196	25	.	.	PUNCT
fbem-28640	197	1	startups	startup	NOUN
fbem-28640	197	2	like	like	ADP
fbem-28640	197	3	drip	drip	NOUN
fbem-28640	197	4	irrigation	irrigation	NOUN
fbem-28640	197	5	group	group	NOUN
fbem-28640	197	6	are	be	AUX
fbem-28640	197	7	favored	favor	VERB
fbem-28640	197	8	for	for	ADP
fbem-28640	197	9	their	their	PRON
fbem-28640	197	10	potential	potential	NOUN
fbem-28640	197	11	to	to	PART
fbem-28640	197	12	achieve	achieve	VERB
fbem-28640	197	13	swift	swift	ADJ
fbem-28640	197	14	market	market	NOUN
fbem-28640	197	15	dominance	dominance	NOUN
fbem-28640	197	16	.	.	PUNCT
fbem-28640	198	1	this	this	PRON
fbem-28640	198	2	can	can	AUX
fbem-28640	198	3	result	result	VERB
fbem-28640	198	4	in	in	ADP
fbem-28640	198	5	higher	high	ADJ
fbem-28640	198	6	valuations	valuation	NOUN
fbem-28640	198	7	and	and	CCONJ
fbem-28640	198	8	faster	fast	ADJ
fbem-28640	198	9	funding	funding	NOUN
fbem-28640	198	10	cycles	cycle	NOUN
fbem-28640	198	11	,	,	PUNCT
fbem-28640	198	12	sometimes	sometimes	ADV
fbem-28640	198	13	at	at	ADP
fbem-28640	198	14	the	the	DET
fbem-28640	198	15	expense	expense	NOUN
fbem-28640	198	16	of	of	ADP
fbem-28640	198	17	thorough	thorough	ADJ
fbem-28640	198	18	evaluation	evaluation	NOUN
fbem-28640	198	19	processes	process	NOUN
fbem-28640	198	20	.	.	PUNCT
fbem-28640	199	1	the	the	DET
fbem-28640	199	2	rapid	rapid	ADJ
fbem-28640	199	3	innovation	innovation	NOUN
fbem-28640	199	4	within	within	ADP
fbem-28640	199	5	china	china	PROPN
fbem-28640	199	6	's	's	PART
fbem-28640	199	7	fintech	fintech	NOUN
fbem-28640	199	8	landscape	landscape	NOUN
fbem-28640	199	9	is	be	AUX
fbem-28640	199	10	often	often	ADV
fbem-28640	199	11	bolstered	bolster	VERB
fbem-28640	199	12	by	by	ADP
fbem-28640	199	13	government	government	NOUN
fbem-28640	199	14	backing	backing	NOUN
fbem-28640	199	15	and	and	CCONJ
fbem-28640	199	16	a	a	DET
fbem-28640	199	17	more	more	ADV
fbem-28640	199	18	flexible	flexible	ADJ
fbem-28640	199	19	regulatory	regulatory	ADJ
fbem-28640	199	20	environment	environment	NOUN
fbem-28640	199	21	,	,	PUNCT
fbem-28640	199	22	encouraging	encourage	VERB
fbem-28640	199	23	venture	venture	NOUN
fbem-28640	199	24	capital	capital	NOUN
fbem-28640	199	25	firms	firm	NOUN
fbem-28640	199	26	to	to	PART
fbem-28640	199	27	support	support	VERB
fbem-28640	199	28	bold	bold	ADJ
fbem-28640	199	29	initiatives	initiative	NOUN
fbem-28640	199	30	that	that	PRON
fbem-28640	199	31	align	align	VERB
fbem-28640	199	32	with	with	ADP
fbem-28640	199	33	national	national	ADJ
fbem-28640	199	34	priorities	priority	NOUN
fbem-28640	199	35	.	.	PUNCT
fbem-28640	200	1	the	the	DET
fbem-28640	200	2	regulatory	regulatory	ADJ
fbem-28640	200	3	environments	environment	NOUN
fbem-28640	200	4	in	in	ADP
fbem-28640	200	5	both	both	DET
fbem-28640	200	6	countries	country	NOUN
fbem-28640	200	7	significantly	significantly	ADV
fbem-28640	200	8	shape	shape	VERB
fbem-28640	200	9	the	the	DET
fbem-28640	200	10	role	role	NOUN
fbem-28640	200	11	of	of	ADP
fbem-28640	200	12	venture	venture	NOUN
fbem-28640	200	13	capital	capital	NOUN
fbem-28640	200	14	.	.	PUNCT
fbem-28640	201	1	u.s	u.s	PROPN
fbem-28640	201	2	.	.	PROPN
fbem-28640	201	3	vc	vc	PROPN
fbem-28640	201	4	firms	firm	NOUN
fbem-28640	201	5	operate	operate	VERB
fbem-28640	201	6	within	within	ADP
fbem-28640	201	7	a	a	DET
fbem-28640	201	8	defined	define	VERB
fbem-28640	201	9	framework	framework	NOUN
fbem-28640	201	10	prioritizing	prioritize	VERB
fbem-28640	201	11	investor	investor	NOUN
fbem-28640	201	12	protection	protection	NOUN
fbem-28640	201	13	and	and	CCONJ
fbem-28640	201	14	market	market	NOUN
fbem-28640	201	15	stability	stability	NOUN
fbem-28640	201	16	,	,	PUNCT
fbem-28640	201	17	which	which	PRON
fbem-28640	201	18	cultivates	cultivate	VERB
fbem-28640	201	19	a	a	DET
fbem-28640	201	20	culture	culture	NOUN
fbem-28640	201	21	of	of	ADP
fbem-28640	201	22	risk	risk	NOUN
fbem-28640	201	23	aversion	aversion	NOUN
fbem-28640	201	24	and	and	CCONJ
fbem-28640	201	25	encourages	encourage	VERB
fbem-28640	201	26	funding	funding	NOUN
fbem-28640	201	27	for	for	ADP
fbem-28640	201	28	compliant	compliant	ADJ
fbem-28640	201	29	,	,	PUNCT
fbem-28640	201	30	mature	mature	ADJ
fbem-28640	201	31	business	business	NOUN
fbem-28640	201	32	models	model	NOUN
fbem-28640	201	33	.	.	PUNCT
fbem-28640	202	1	in	in	ADP
fbem-28640	202	2	contrast	contrast	NOUN
fbem-28640	202	3	,	,	PUNCT
fbem-28640	202	4	china	china	PROPN
fbem-28640	202	5	’s	’s	PART
fbem-28640	202	6	dynamic	dynamic	ADJ
fbem-28640	202	7	regulatory	regulatory	ADJ
fbem-28640	202	8	landscape	landscape	NOUN
fbem-28640	202	9	aims	aim	VERB
fbem-28640	202	10	to	to	PART
fbem-28640	202	11	promote	promote	VERB
fbem-28640	202	12	innovation	innovation	NOUN
fbem-28640	202	13	,	,	PUNCT
fbem-28640	202	14	creating	create	VERB
fbem-28640	202	15	a	a	DET
fbem-28640	202	16	more	more	ADV
fbem-28640	202	17	favorable	favorable	ADJ
fbem-28640	202	18	environment	environment	NOUN
fbem-28640	202	19	for	for	SCONJ
fbem-28640	202	20	vcs	vcs	PROPN
fbem-28640	202	21	to	to	PART
fbem-28640	202	22	invest	invest	VERB
fbem-28640	202	23	in	in	ADP
fbem-28640	202	24	disruptive	disruptive	ADJ
fbem-28640	202	25	startups	startup	NOUN
fbem-28640	202	26	.	.	PUNCT
fbem-28640	203	1	this	this	DET
fbem-28640	203	2	regulatory	regulatory	ADJ
fbem-28640	203	3	support	support	NOUN
fbem-28640	203	4	can	can	AUX
fbem-28640	203	5	provide	provide	VERB
fbem-28640	203	6	substantial	substantial	ADJ
fbem-28640	203	7	advantages	advantage	NOUN
fbem-28640	203	8	for	for	ADP
fbem-28640	203	9	companies	company	NOUN
fbem-28640	203	10	that	that	PRON
fbem-28640	203	11	challenge	challenge	VERB
fbem-28640	203	12	traditional	traditional	ADJ
fbem-28640	203	13	financing	financing	NOUN
fbem-28640	203	14	models	model	NOUN
fbem-28640	203	15	,	,	PUNCT
fbem-28640	203	16	such	such	ADJ
fbem-28640	203	17	as	as	ADP
fbem-28640	203	18	drip	drip	NOUN
fbem-28640	203	19	irrigation	irrigation	NOUN
fbem-28640	203	20	group	group	NOUN
fbem-28640	203	21	,	,	PUNCT
fbem-28640	203	22	which	which	PRON
fbem-28640	203	23	employs	employ	VERB
fbem-28640	203	24	innovative	innovative	ADJ
fbem-28640	203	25	structures	structure	NOUN
fbem-28640	203	26	to	to	PART
fbem-28640	203	27	connect	connect	VERB
fbem-28640	203	28	small	small	ADJ
fbem-28640	203	29	businesses	business	NOUN
fbem-28640	203	30	with	with	ADP
fbem-28640	203	31	global	global	ADJ
fbem-28640	203	32	capital	capital	NOUN
fbem-28640	203	33	.	.	PUNCT
fbem-28640	204	1	networking	network	VERB
fbem-28640	204	2	dynamics	dynamic	NOUN
fbem-28640	204	3	also	also	ADV
fbem-28640	204	4	differ	differ	VERB
fbem-28640	204	5	considerably	considerably	ADV
fbem-28640	204	6	between	between	ADP
fbem-28640	204	7	the	the	DET
fbem-28640	204	8	two	two	NUM
fbem-28640	204	9	regions	region	NOUN
fbem-28640	204	10	.	.	PUNCT
fbem-28640	205	1	in	in	ADP
fbem-28640	205	2	the	the	DET
fbem-28640	205	3	united	united	PROPN
fbem-28640	205	4	states	states	PROPN
fbem-28640	205	5	,	,	PUNCT
fbem-28640	205	6	personal	personal	ADJ
fbem-28640	205	7	relationships	relationship	NOUN
fbem-28640	205	8	and	and	CCONJ
fbem-28640	205	9	reputation	reputation	NOUN
fbem-28640	205	10	are	be	AUX
fbem-28640	205	11	crucial	crucial	ADJ
fbem-28640	205	12	in	in	ADP
fbem-28640	205	13	securing	secure	VERB
fbem-28640	205	14	funding	funding	NOUN
fbem-28640	205	15	,	,	PUNCT
fbem-28640	205	16	with	with	ADP
fbem-28640	205	17	venture	venture	NOUN
fbem-28640	205	18	capitalists	capitalist	NOUN
fbem-28640	205	19	valuing	value	VERB
fbem-28640	205	20	mentorship	mentorship	NOUN
fbem-28640	205	21	and	and	CCONJ
fbem-28640	205	22	collaboration	collaboration	NOUN
fbem-28640	205	23	.	.	PUNCT
fbem-28640	206	1	this	this	PRON
fbem-28640	206	2	is	be	AUX
fbem-28640	206	3	evident	evident	ADJ
fbem-28640	206	4	in	in	ADP
fbem-28640	206	5	lendio	lendio	NOUN
fbem-28640	206	6	's	's	PART
fbem-28640	206	7	operations	operation	NOUN
fbem-28640	206	8	,	,	PUNCT
fbem-28640	206	9	which	which	PRON
fbem-28640	206	10	not	not	PART
fbem-28640	206	11	only	only	ADV
fbem-28640	206	12	provide	provide	VERB
fbem-28640	206	13	capital	capital	NOUN
fbem-28640	206	14	but	but	CCONJ
fbem-28640	206	15	also	also	ADV
fbem-28640	206	16	support	support	VERB
fbem-28640	206	17	small	small	ADJ
fbem-28640	206	18	businesses	business	NOUN
fbem-28640	206	19	with	with	ADP
fbem-28640	206	20	essential	essential	ADJ
fbem-28640	206	21	resources	resource	NOUN
fbem-28640	206	22	and	and	CCONJ
fbem-28640	206	23	guidance	guidance	NOUN
fbem-28640	206	24	.	.	PUNCT
fbem-28640	207	1	in	in	ADP
fbem-28640	207	2	china	china	PROPN
fbem-28640	207	3	,	,	PUNCT
fbem-28640	207	4	while	while	SCONJ
fbem-28640	207	5	networking	network	VERB
fbem-28640	207	6	remains	remain	VERB
fbem-28640	207	7	vital	vital	ADJ
fbem-28640	207	8	,	,	PUNCT
fbem-28640	207	9	it	it	PRON
fbem-28640	207	10	often	often	ADV
fbem-28640	207	11	operates	operate	VERB
fbem-28640	207	12	within	within	ADP
fbem-28640	207	13	a	a	DET
fbem-28640	207	14	hierarchical	hierarchical	ADJ
fbem-28640	207	15	framework	framework	NOUN
fbem-28640	207	16	where	where	SCONJ
fbem-28640	207	17	connections	connection	NOUN
fbem-28640	207	18	with	with	ADP
fbem-28640	207	19	influential	influential	ADJ
fbem-28640	207	20	figures	figure	NOUN
fbem-28640	207	21	significantly	significantly	ADV
fbem-28640	207	22	impact	impact	VERB
fbem-28640	207	23	investment	investment	NOUN
fbem-28640	207	24	opportunities	opportunity	NOUN
fbem-28640	207	25	.	.	PUNCT
fbem-28640	208	1	this	this	DET
fbem-28640	208	2	focus	focus	NOUN
fbem-28640	208	3	on	on	ADP
fbem-28640	208	4	relationships	relationship	NOUN
fbem-28640	208	5	can	can	AUX
fbem-28640	208	6	favor	favor	VERB
fbem-28640	208	7	startups	startup	NOUN
fbem-28640	208	8	that	that	PRON
fbem-28640	208	9	establish	establish	VERB
fbem-28640	208	10	ties	tie	NOUN
fbem-28640	208	11	with	with	ADP
fbem-28640	208	12	government	government	NOUN
fbem-28640	208	13	or	or	CCONJ
fbem-28640	208	14	industry	industry	NOUN
fbem-28640	208	15	leaders	leader	NOUN
fbem-28640	208	16	,	,	PUNCT
fbem-28640	208	17	illustrating	illustrate	VERB
fbem-28640	208	18	a	a	DET
fbem-28640	208	19	network	network	NOUN
fbem-28640	208	20	-	-	PUNCT
fbem-28640	208	21	driven	drive	VERB
fbem-28640	208	22	investment	investment	NOUN
fbem-28640	208	23	strategy	strategy	NOUN
fbem-28640	208	24	.	.	PUNCT
fbem-28640	209	1	in	in	ADP
fbem-28640	209	2	summary	summary	NOUN
fbem-28640	209	3	,	,	PUNCT
fbem-28640	209	4	the	the	DET
fbem-28640	209	5	contrasting	contrast	VERB
fbem-28640	209	6	roles	role	NOUN
fbem-28640	209	7	of	of	ADP
fbem-28640	209	8	venture	venture	NOUN
fbem-28640	209	9	capital	capital	NOUN
fbem-28640	209	10	in	in	ADP
fbem-28640	209	11	the	the	DET
fbem-28640	209	12	fintech	fintech	NOUN
fbem-28640	209	13	sectors	sector	NOUN
fbem-28640	209	14	of	of	ADP
fbem-28640	209	15	china	china	PROPN
fbem-28640	209	16	and	and	CCONJ
fbem-28640	209	17	the	the	DET
fbem-28640	209	18	united	united	PROPN
fbem-28640	209	19	states	states	PROPN
fbem-28640	209	20	stem	stem	VERB
fbem-28640	209	21	from	from	ADP
fbem-28640	209	22	deep	deep	ADJ
fbem-28640	209	23	-	-	PUNCT
fbem-28640	209	24	rooted	root	VERB
fbem-28640	209	25	cultural	cultural	ADJ
fbem-28640	209	26	values	value	NOUN
fbem-28640	209	27	,	,	PUNCT
fbem-28640	209	28	regulatory	regulatory	ADJ
fbem-28640	209	29	frameworks	framework	NOUN
fbem-28640	209	30	,	,	PUNCT
fbem-28640	209	31	and	and	CCONJ
fbem-28640	209	32	networking	network	VERB
fbem-28640	209	33	practices	practice	NOUN
fbem-28640	209	34	.	.	PUNCT
fbem-28640	210	1	understanding	understand	VERB
fbem-28640	210	2	these	these	DET
fbem-28640	210	3	differences	difference	NOUN
fbem-28640	210	4	is	be	AUX
fbem-28640	210	5	essential	essential	ADJ
fbem-28640	210	6	for	for	ADP
fbem-28640	210	7	analyzing	analyze	VERB
fbem-28640	210	8	the	the	DET
fbem-28640	210	9	strategies	strategy	NOUN
fbem-28640	210	10	of	of	ADP
fbem-28640	210	11	fintech	fintech	NOUN
fbem-28640	210	12	startups	startup	NOUN
fbem-28640	210	13	and	and	CCONJ
fbem-28640	210	14	the	the	DET
fbem-28640	210	15	impact	impact	NOUN
fbem-28640	210	16	of	of	ADP
fbem-28640	210	17	venture	venture	NOUN
fbem-28640	210	18	capital	capital	NOUN
fbem-28640	210	19	on	on	ADP
fbem-28640	210	20	their	their	PRON
fbem-28640	210	21	growth	growth	NOUN
fbem-28640	210	22	trajectories	trajectory	NOUN
fbem-28640	210	23	.	.	PUNCT
fbem-28640	211	1	in	in	ADP
fbem-28640	211	2	my	my	PRON
fbem-28640	211	3	case	case	NOUN
fbem-28640	211	4	analysis	analysis	NOUN
fbem-28640	211	5	,	,	PUNCT
fbem-28640	211	6	i	i	PRON
fbem-28640	211	7	focused	focus	VERB
fbem-28640	211	8	on	on	ADP
fbem-28640	211	9	fintech	fintech	NOUN
fbem-28640	211	10	startups	startup	NOUN
fbem-28640	211	11	established	establish	VERB
fbem-28640	211	12	within	within	ADP
fbem-28640	211	13	the	the	DET
fbem-28640	211	14	last	last	ADJ
fbem-28640	211	15	five	five	NUM
fbem-28640	211	16	years	year	NOUN
fbem-28640	211	17	due	due	ADP
fbem-28640	211	18	to	to	ADP
fbem-28640	211	19	the	the	DET
fbem-28640	211	20	challenge	challenge	NOUN
fbem-28640	211	21	of	of	ADP
fbem-28640	211	22	identifying	identify	VERB
fbem-28640	211	23	recently	recently	ADV
fbem-28640	211	24	founded	found	VERB
fbem-28640	211	25	companies	company	NOUN
fbem-28640	211	26	in	in	ADP
fbem-28640	211	27	this	this	DET
fbem-28640	211	28	rapidly	rapidly	ADV
fbem-28640	211	29	evolving	evolve	VERB
fbem-28640	211	30	sector	sector	NOUN
fbem-28640	211	31	.	.	PUNCT
fbem-28640	212	1	startups	startup	NOUN
fbem-28640	212	2	in	in	ADP
fbem-28640	212	3	fintech	fintech	NOUN
fbem-28640	212	4	often	often	ADV
fbem-28640	212	5	undergo	undergo	VERB
fbem-28640	212	6	significant	significant	ADJ
fbem-28640	212	7	transformations	transformation	NOUN
fbem-28640	212	8	and	and	CCONJ
fbem-28640	212	9	face	face	VERB
fbem-28640	212	10	a	a	DET
fbem-28640	212	11	dynamic	dynamic	ADJ
fbem-28640	212	12	market	market	NOUN
fbem-28640	212	13	environment	environment	NOUN
fbem-28640	212	14	,	,	PUNCT
fbem-28640	212	15	making	make	VERB
fbem-28640	212	16	those	those	PRON
fbem-28640	212	17	established	establish	VERB
fbem-28640	212	18	in	in	ADP
fbem-28640	212	19	recent	recent	ADJ
fbem-28640	212	20	years	year	NOUN
fbem-28640	212	21	particularly	particularly	ADV
fbem-28640	212	22	relevant	relevant	ADJ
fbem-28640	212	23	for	for	ADP
fbem-28640	212	24	analysis	analysis	NOUN
fbem-28640	212	25	.	.	PUNCT
fbem-28640	213	1	by	by	ADP
fbem-28640	213	2	narrowing	narrow	VERB
fbem-28640	213	3	the	the	DET
fbem-28640	213	4	timeframe	timeframe	NOUN
fbem-28640	213	5	to	to	ADP
fbem-28640	213	6	five	five	NUM
fbem-28640	213	7	years	year	NOUN
fbem-28640	213	8	,	,	PUNCT
fbem-28640	213	9	i	i	PRON
fbem-28640	213	10	can	can	AUX
fbem-28640	213	11	capture	capture	VERB
fbem-28640	213	12	emerging	emerge	VERB
fbem-28640	213	13	trends	trend	NOUN
fbem-28640	213	14	and	and	CCONJ
fbem-28640	213	15	innovative	innovative	ADJ
fbem-28640	213	16	approaches	approach	NOUN
fbem-28640	213	17	that	that	PRON
fbem-28640	213	18	reflect	reflect	VERB
fbem-28640	213	19	the	the	DET
fbem-28640	213	20	current	current	ADJ
fbem-28640	213	21	landscape	landscape	NOUN
fbem-28640	213	22	of	of	ADP
fbem-28640	213	23	financial	financial	ADJ
fbem-28640	213	24	technology	technology	NOUN
fbem-28640	213	25	.	.	PUNCT
fbem-28640	214	1	this	this	DET
fbem-28640	214	2	period	period	NOUN
fbem-28640	214	3	allows	allow	VERB
fbem-28640	214	4	for	for	ADP
fbem-28640	214	5	a	a	DET
fbem-28640	214	6	more	more	ADV
fbem-28640	214	7	accurate	accurate	ADJ
fbem-28640	214	8	assessment	assessment	NOUN
fbem-28640	214	9	of	of	ADP
fbem-28640	214	10	the	the	DET
fbem-28640	214	11	competitive	competitive	ADJ
fbem-28640	214	12	strategies	strategy	NOUN
fbem-28640	214	13	and	and	CCONJ
fbem-28640	214	14	growth	growth	NOUN
fbem-28640	214	15	potential	potential	NOUN
fbem-28640	214	16	of	of	ADP
fbem-28640	214	17	these	these	DET
fbem-28640	214	18	companies	company	NOUN
fbem-28640	214	19	while	while	SCONJ
fbem-28640	214	20	acknowledging	acknowledge	VERB
fbem-28640	214	21	the	the	DET
fbem-28640	214	22	limitations	limitation	NOUN
fbem-28640	214	23	in	in	ADP
fbem-28640	214	24	data	datum	NOUN
fbem-28640	214	25	availability	availability	NOUN
fbem-28640	214	26	for	for	ADP
fbem-28640	214	27	newer	new	ADJ
fbem-28640	214	28	startups	startup	NOUN
fbem-28640	214	29	.	.	PUNCT
fbem-28640	215	1	5	5	X
fbem-28640	215	2	.	.	X
fbem-28640	215	3	conclusion	conclusion	NOUN
fbem-28640	215	4	this	this	DET
fbem-28640	215	5	study	study	NOUN
fbem-28640	215	6	underscores	underscore	VERB
fbem-28640	215	7	the	the	DET
fbem-28640	215	8	crucial	crucial	ADJ
fbem-28640	215	9	role	role	NOUN
fbem-28640	215	10	of	of	ADP
fbem-28640	215	11	vc	vc	PROPN
fbem-28640	215	12	in	in	ADP
fbem-28640	215	13	the	the	DET
fbem-28640	215	14	growth	growth	NOUN
fbem-28640	215	15	of	of	ADP
fbem-28640	215	16	fintech	fintech	NOUN
fbem-28640	215	17	startups	startup	NOUN
fbem-28640	215	18	in	in	ADP
fbem-28640	215	19	both	both	DET
fbem-28640	215	20	china	china	PROPN
fbem-28640	215	21	and	and	CCONJ
fbem-28640	215	22	the	the	DET
fbem-28640	215	23	u.s	u.s	PROPN
fbem-28640	215	24	.	.	PROPN
fbem-28640	215	25	,	,	PUNCT
fbem-28640	215	26	illustrating	illustrate	VERB
fbem-28640	215	27	how	how	SCONJ
fbem-28640	215	28	cultural	cultural	ADJ
fbem-28640	215	29	,	,	PUNCT
fbem-28640	215	30	regulatory	regulatory	ADJ
fbem-28640	215	31	,	,	PUNCT
fbem-28640	215	32	and	and	CCONJ
fbem-28640	215	33	market	market	NOUN
fbem-28640	215	34	dynamics	dynamic	NOUN
fbem-28640	215	35	influence	influence	NOUN
fbem-28640	215	36	vc	vc	PROPN
fbem-28640	215	37	practices	practice	NOUN
fbem-28640	215	38	and	and	CCONJ
fbem-28640	215	39	outcomes	outcome	NOUN
fbem-28640	215	40	.	.	PUNCT
fbem-28640	216	1	in	in	ADP
fbem-28640	216	2	the	the	DET
fbem-28640	216	3	u.s	u.s	PROPN
fbem-28640	216	4	.	.	PROPN
fbem-28640	216	5	,	,	PUNCT
fbem-28640	216	6	a	a	DET
fbem-28640	216	7	mature	mature	ADJ
fbem-28640	216	8	and	and	CCONJ
fbem-28640	216	9	decentralized	decentralize	VERB
fbem-28640	216	10	vc	vc	PROPN
fbem-28640	216	11	environment	environment	NOUN
fbem-28640	216	12	fosters	foster	VERB
fbem-28640	216	13	risk	risk	NOUN
fbem-28640	216	14	-	-	PUNCT
fbem-28640	216	15	taking	take	VERB
fbem-28640	216	16	and	and	CCONJ
fbem-28640	216	17	rapid	rapid	ADJ
fbem-28640	216	18	innovation	innovation	NOUN
fbem-28640	216	19	.	.	PUNCT
fbem-28640	217	1	in	in	ADP
fbem-28640	217	2	contrast	contrast	NOUN
fbem-28640	217	3	,	,	PUNCT
fbem-28640	217	4	china	china	PROPN
fbem-28640	217	5	's	's	PART
fbem-28640	217	6	fintech	fintech	NOUN
fbem-28640	217	7	landscape	landscape	NOUN
fbem-28640	217	8	benefits	benefit	NOUN
fbem-28640	217	9	from	from	ADP
fbem-28640	217	10	strong	strong	ADJ
fbem-28640	217	11	government	government	NOUN
fbem-28640	217	12	support	support	NOUN
fbem-28640	217	13	and	and	CCONJ
fbem-28640	217	14	a	a	DET
fbem-28640	217	15	collectivist	collectivist	NOUN
fbem-28640	217	16	culture	culture	NOUN
fbem-28640	217	17	,	,	PUNCT
fbem-28640	217	18	which	which	PRON
fbem-28640	217	19	facilitates	facilitate	VERB
fbem-28640	217	20	swift	swift	ADJ
fbem-28640	217	21	market	market	NOUN
fbem-28640	217	22	entry	entry	NOUN
fbem-28640	217	23	and	and	CCONJ
fbem-28640	217	24	scalability	scalability	NOUN
fbem-28640	217	25	.	.	PUNCT
fbem-28640	218	1	the	the	DET
fbem-28640	218	2	research	research	NOUN
fbem-28640	218	3	also	also	ADV
fbem-28640	218	4	demonstrates	demonstrate	VERB
fbem-28640	218	5	that	that	SCONJ
fbem-28640	218	6	incorporating	incorporate	VERB
fbem-28640	218	7	cultural	cultural	ADJ
fbem-28640	218	8	metrics	metric	NOUN
fbem-28640	218	9	reveals	reveal	VERB
fbem-28640	218	10	how	how	SCONJ
fbem-28640	218	11	varying	vary	VERB
fbem-28640	218	12	risk	risk	NOUN
fbem-28640	218	13	attitudes	attitude	NOUN
fbem-28640	218	14	shape	shape	NOUN
fbem-28640	218	15	investment	investment	NOUN
fbem-28640	218	16	strategies	strategy	NOUN
fbem-28640	218	17	,	,	PUNCT
fbem-28640	218	18	underscoring	underscore	VERB
fbem-28640	218	19	the	the	DET
fbem-28640	218	20	need	need	NOUN
fbem-28640	218	21	for	for	ADP
fbem-28640	218	22	market	market	NOUN
fbem-28640	218	23	-	-	PUNCT
fbem-28640	218	24	specific	specific	ADJ
fbem-28640	218	25	approaches	approach	NOUN
fbem-28640	218	26	.	.	PUNCT
fbem-28640	219	1	the	the	DET
fbem-28640	219	2	findings	finding	NOUN
fbem-28640	219	3	contribute	contribute	VERB
fbem-28640	219	4	to	to	ADP
fbem-28640	219	5	a	a	DET
fbem-28640	219	6	deeper	deep	ADJ
fbem-28640	219	7	understanding	understanding	NOUN
fbem-28640	219	8	of	of	ADP
fbem-28640	219	9	venture	venture	NOUN
fbem-28640	219	10	capital	capital	NOUN
fbem-28640	219	11	by	by	ADP
fbem-28640	219	12	incorporating	incorporate	VERB
fbem-28640	219	13	cultural	cultural	ADJ
fbem-28640	219	14	and	and	CCONJ
fbem-28640	219	15	institutional	institutional	ADJ
fbem-28640	219	16	factors	factor	NOUN
fbem-28640	219	17	,	,	PUNCT
fbem-28640	219	18	offering	offer	VERB
fbem-28640	219	19	valuable	valuable	ADJ
fbem-28640	219	20	insights	insight	NOUN
fbem-28640	219	21	for	for	ADP
fbem-28640	219	22	investors	investor	NOUN
fbem-28640	219	23	and	and	CCONJ
fbem-28640	219	24	policymakers	policymaker	NOUN
fbem-28640	219	25	alike	alike	ADV
fbem-28640	219	26	.	.	PUNCT
fbem-28640	220	1	achieving	achieve	VERB
fbem-28640	220	2	a	a	DET
fbem-28640	220	3	balance	balance	NOUN
fbem-28640	220	4	between	between	ADP
fbem-28640	220	5	regulation	regulation	NOUN
fbem-28640	220	6	and	and	CCONJ
fbem-28640	220	7	innovation	innovation	NOUN
fbem-28640	220	8	support	support	NOUN
fbem-28640	220	9	is	be	AUX
fbem-28640	220	10	vital	vital	ADJ
fbem-28640	220	11	for	for	ADP
fbem-28640	220	12	enhancing	enhance	VERB
fbem-28640	220	13	competitiveness	competitiveness	NOUN
fbem-28640	220	14	in	in	ADP
fbem-28640	220	15	the	the	DET
fbem-28640	220	16	global	global	ADJ
fbem-28640	220	17	fintech	fintech	NOUN
fbem-28640	220	18	arena	arena	NOUN
fbem-28640	220	19	.	.	PUNCT
fbem-28640	221	1	moreover	moreover	ADV
fbem-28640	221	2	,	,	PUNCT
fbem-28640	221	3	the	the	DET
fbem-28640	221	4	study	study	NOUN
fbem-28640	221	5	enhances	enhance	VERB
fbem-28640	221	6	the	the	DET
fbem-28640	221	7	understanding	understanding	NOUN
fbem-28640	221	8	of	of	ADP
fbem-28640	221	9	vc	vc	NOUN
fbem-28640	221	10	interactions	interaction	NOUN
fbem-28640	221	11	with	with	ADP
fbem-28640	221	12	fintech	fintech	NOUN
fbem-28640	221	13	startups	startup	NOUN
fbem-28640	221	14	across	across	ADP
fbem-28640	221	15	diverse	diverse	ADJ
fbem-28640	221	16	cultural	cultural	ADJ
fbem-28640	221	17	and	and	CCONJ
fbem-28640	221	18	market	market	NOUN
fbem-28640	221	19	contexts	contexts	NOUN
fbem-28640	221	20	,	,	PUNCT
fbem-28640	221	21	revealing	reveal	VERB
fbem-28640	221	22	significant	significant	ADJ
fbem-28640	221	23	theoretical	theoretical	ADJ
fbem-28640	221	24	implications	implication	NOUN
fbem-28640	221	25	for	for	ADP
fbem-28640	221	26	fields	field	NOUN
fbem-28640	221	27	such	such	ADJ
fbem-28640	221	28	as	as	ADP
fbem-28640	221	29	entrepreneurship	entrepreneurship	NOUN
fbem-28640	221	30	and	and	CCONJ
fbem-28640	221	31	cross	cross	ADJ
fbem-28640	221	32	-	-	ADJ
fbem-28640	221	33	cultural	cultural	ADJ
fbem-28640	221	34	management	management	NOUN
fbem-28640	221	35	.	.	PUNCT
fbem-28640	222	1	by	by	ADP
fbem-28640	222	2	exploring	explore	VERB
fbem-28640	222	3	the	the	DET
fbem-28640	222	4	investment	investment	NOUN
fbem-28640	222	5	horizon	horizon	NOUN
fbem-28640	222	6	and	and	CCONJ
fbem-28640	222	7	selfselection	selfselection	NOUN
fbem-28640	222	8	hypotheses	hypothesis	NOUN
fbem-28640	222	9	,	,	PUNCT
fbem-28640	222	10	it	it	PRON
fbem-28640	222	11	demonstrates	demonstrate	VERB
fbem-28640	222	12	how	how	SCONJ
fbem-28640	222	13	cultural	cultural	ADJ
fbem-28640	222	14	elements	element	NOUN
fbem-28640	222	15	—	—	PUNCT
fbem-28640	222	16	such	such	ADJ
fbem-28640	222	17	as	as	ADP
fbem-28640	222	18	collectivism	collectivism	NOUN
fbem-28640	222	19	in	in	ADP
fbem-28640	222	20	china	china	PROPN
fbem-28640	222	21	and	and	CCONJ
fbem-28640	222	22	individualism	individualism	NOUN
fbem-28640	222	23	in	in	ADP
fbem-28640	222	24	the	the	DET
fbem-28640	222	25	u.s.—affect	u.s.—affect	ADJ
fbem-28640	222	26	startup	startup	NOUN
fbem-28640	222	27	strategies	strategy	NOUN
fbem-28640	222	28	and	and	CCONJ
fbem-28640	222	29	outcomes	outcome	NOUN
fbem-28640	222	30	,	,	PUNCT
fbem-28640	222	31	thus	thus	ADV
fbem-28640	222	32	expanding	expand	VERB
fbem-28640	222	33	the	the	DET
fbem-28640	222	34	existing	exist	VERB
fbem-28640	222	35	entrepreneurship	entrepreneurship	NOUN
fbem-28640	222	36	literature	literature	NOUN
fbem-28640	222	37	.	.	PUNCT
fbem-28640	223	1	from	from	ADP
fbem-28640	223	2	a	a	DET
fbem-28640	223	3	392	392	NUM
fbem-28640	223	4	practical	practical	ADJ
fbem-28640	223	5	perspective	perspective	NOUN
fbem-28640	223	6	,	,	PUNCT
fbem-28640	223	7	the	the	DET
fbem-28640	223	8	findings	finding	NOUN
fbem-28640	223	9	emphasize	emphasize	VERB
fbem-28640	223	10	the	the	DET
fbem-28640	223	11	essential	essential	ADJ
fbem-28640	223	12	role	role	NOUN
fbem-28640	223	13	of	of	ADP
fbem-28640	223	14	vc	vc	PROPN
fbem-28640	223	15	in	in	ADP
fbem-28640	223	16	scaling	scale	VERB
fbem-28640	223	17	fintech	fintech	NOUN
fbem-28640	223	18	firms	firm	NOUN
fbem-28640	223	19	,	,	PUNCT
fbem-28640	223	20	calling	call	VERB
fbem-28640	223	21	for	for	SCONJ
fbem-28640	223	22	policymakers	policymaker	NOUN
fbem-28640	223	23	to	to	PART
fbem-28640	223	24	harmonize	harmonize	VERB
fbem-28640	223	25	regulation	regulation	NOUN
fbem-28640	223	26	with	with	ADP
fbem-28640	223	27	innovation	innovation	NOUN
fbem-28640	223	28	support	support	NOUN
fbem-28640	223	29	,	,	PUNCT
fbem-28640	223	30	especially	especially	ADV
fbem-28640	223	31	in	in	ADP
fbem-28640	223	32	china	china	PROPN
fbem-28640	223	33	.	.	PUNCT
fbem-28640	224	1	for	for	ADP
fbem-28640	224	2	u.s	u.s	PROPN
fbem-28640	224	3	.	.	PROPN
fbem-28640	224	4	vcs	vcs	PROPN
fbem-28640	224	5	,	,	PUNCT
fbem-28640	224	6	grasping	grasp	VERB
fbem-28640	224	7	the	the	DET
fbem-28640	224	8	success	success	NOUN
fbem-28640	224	9	dynamics	dynamic	NOUN
fbem-28640	224	10	of	of	ADP
fbem-28640	224	11	chinese	chinese	ADJ
fbem-28640	224	12	fintech	fintech	NOUN
fbem-28640	224	13	can	can	AUX
fbem-28640	224	14	inform	inform	VERB
fbem-28640	224	15	more	more	ADV
fbem-28640	224	16	effective	effective	ADJ
fbem-28640	224	17	risk	risk	NOUN
fbem-28640	224	18	assessment	assessment	NOUN
fbem-28640	224	19	and	and	CCONJ
fbem-28640	224	20	investment	investment	NOUN
fbem-28640	224	21	strategies	strategy	NOUN
fbem-28640	224	22	,	,	PUNCT
fbem-28640	224	23	thereby	thereby	ADV
fbem-28640	224	24	enriching	enrich	VERB
fbem-28640	224	25	the	the	DET
fbem-28640	224	26	global	global	ADJ
fbem-28640	224	27	fintech	fintech	NOUN
fbem-28640	224	28	ecosystem	ecosystem	NOUN
fbem-28640	224	29	.	.	PUNCT
fbem-28640	225	1	references	reference	NOUN
fbem-28640	225	2	[	[	X
fbem-28640	225	3	1	1	NUM
fbem-28640	225	4	]	]	PUNCT
fbem-28640	225	5	people	people	NOUN
fbem-28640	225	6	's	's	PART
fbem-28640	225	7	bank	bank	PROPN
fbem-28640	225	8	of	of	ADP
fbem-28640	225	9	china	china	PROPN
fbem-28640	225	10	guangzhou	guangzhou	PROPN
fbem-28640	225	11	branch	branch	PROPN
fbem-28640	225	12	research	research	NOUN
fbem-28640	225	13	group	group	NOUN
fbem-28640	225	14	(	(	PUNCT
fbem-28640	225	15	2017	2017	NUM
fbem-28640	225	16	)	)	PUNCT
fbem-28640	225	17	.	.	PUNCT
fbem-28640	226	1	a	a	DET
fbem-28640	226	2	comparison	comparison	NOUN
fbem-28640	226	3	and	and	CCONJ
fbem-28640	226	4	insights	insight	NOUN
fbem-28640	226	5	into	into	ADP
fbem-28640	226	6	the	the	DET
fbem-28640	226	7	development	development	NOUN
fbem-28640	226	8	of	of	ADP
fbem-28640	226	9	fintech	fintech	NOUN
fbem-28640	226	10	in	in	ADP
fbem-28640	226	11	china	china	PROPN
fbem-28640	226	12	and	and	CCONJ
fbem-28640	226	13	the	the	DET
fbem-28640	226	14	united	united	PROPN
fbem-28640	226	15	states	states	PROPN
fbem-28640	226	16	.	.	PUNCT
fbem-28640	227	1	southern	southern	ADJ
fbem-28640	227	2	finance	finance	NOUN
fbem-28640	227	3	,	,	PUNCT
fbem-28640	227	4	vol.489	vol.489	NOUN
fbem-28640	227	5	,	,	PUNCT
fbem-28640	227	6	no.5	no.5	PROPN
fbem-28640	227	7	,	,	PUNCT
fbem-28640	227	8	pp	pp	X
fbem-28640	227	9	.	.	PUNCT
fbem-28640	228	1	3	3	NUM
fbem-28640	228	2	-	-	SYM
fbem-28640	228	3	7	7	NUM
fbem-28640	228	4	.	.	PUNCT
fbem-28640	229	1	[	[	X
fbem-28640	229	2	2	2	NUM
fbem-28640	229	3	]	]	X
fbem-28640	229	4	lerner	lerner	PROPN
fbem-28640	229	5	,	,	PUNCT
fbem-28640	229	6	j.	j.	PROPN
fbem-28640	229	7	,	,	PUNCT
fbem-28640	229	8	nanda	nanda	PROPN
fbem-28640	229	9	,	,	PUNCT
fbem-28640	229	10	r.	r.	PROPN
fbem-28640	229	11	(	(	PUNCT
fbem-28640	229	12	2020	2020	NUM
fbem-28640	229	13	)	)	PUNCT
fbem-28640	229	14	venture	venture	NOUN
fbem-28640	229	15	capital	capital	NOUN
fbem-28640	229	16	’s	’s	PART
fbem-28640	229	17	role	role	NOUN
fbem-28640	229	18	in	in	ADP
fbem-28640	229	19	financing	financing	NOUN
fbem-28640	229	20	innovation	innovation	NOUN
fbem-28640	229	21	:	:	PUNCT
fbem-28640	229	22	what	what	PRON
fbem-28640	229	23	we	we	PRON
fbem-28640	229	24	know	know	VERB
fbem-28640	229	25	and	and	CCONJ
fbem-28640	229	26	how	how	SCONJ
fbem-28640	229	27	much	much	ADV
fbem-28640	229	28	we	we	PRON
fbem-28640	229	29	still	still	ADV
fbem-28640	229	30	need	need	VERB
fbem-28640	229	31	to	to	PART
fbem-28640	229	32	learn	learn	VERB
fbem-28640	229	33	.	.	PUNCT
fbem-28640	230	1	the	the	DET
fbem-28640	230	2	journal	journal	NOUN
fbem-28640	230	3	of	of	ADP
fbem-28640	230	4	economic	economic	ADJ
fbem-28640	230	5	perspectives	perspective	NOUN
fbem-28640	230	6	,	,	PUNCT
fbem-28640	230	7	34	34	NUM
fbem-28640	230	8	:	:	PUNCT
fbem-28640	230	9	237–261	237–261	NUM
fbem-28640	230	10	.	.	PUNCT
fbem-28640	231	1	[	[	X
fbem-28640	231	2	3	3	NUM
fbem-28640	231	3	]	]	X
fbem-28640	231	4	han	han	PROPN
fbem-28640	231	5	,	,	PUNCT
fbem-28640	231	6	a.	a.	PROPN
fbem-28640	231	7	s.	s.	PROPN
fbem-28640	231	8	(	(	PUNCT
fbem-28640	231	9	2021	2021	NUM
fbem-28640	231	10	)	)	PUNCT
fbem-28640	231	11	chinese	chinese	ADJ
fbem-28640	231	12	fintech	fintech	NOUN
fbem-28640	231	13	companies	company	NOUN
fbem-28640	231	14	and	and	CCONJ
fbem-28640	231	15	their	their	PRON
fbem-28640	231	16	“	"	PUNCT
fbem-28640	231	17	going	go	VERB
fbem-28640	231	18	out	out	ADP
fbem-28640	231	19	”	"	PUNCT
fbem-28640	231	20	strategies	strategy	NOUN
fbem-28640	231	21	.	.	PUNCT
fbem-28640	232	1	journal	journal	NOUN
fbem-28640	232	2	of	of	ADP
fbem-28640	232	3	internet	internet	NOUN
fbem-28640	232	4	and	and	CCONJ
fbem-28640	232	5	digital	digital	ADJ
fbem-28640	232	6	economics	economic	NOUN
fbem-28640	232	7	,	,	PUNCT
fbem-28640	232	8	1	1	NUM
fbem-28640	232	9	:	:	PUNCT
fbem-28640	232	10	47–63	47–63	NOUN
fbem-28640	232	11	.	.	PUNCT
fbem-28640	233	1	[	[	X
fbem-28640	233	2	4	4	NUM
fbem-28640	233	3	]	]	X
fbem-28640	233	4	zahra	zahra	PROPN
fbem-28640	233	5	,	,	PUNCT
fbem-28640	233	6	s.	s.	PROPN
fbem-28640	233	7	a.	a.	PROPN
fbem-28640	233	8	,	,	PUNCT
fbem-28640	233	9	li	li	PROPN
fbem-28640	233	10	,	,	PUNCT
fbem-28640	233	11	y.	y.	PROPN
fbem-28640	233	12	(	(	PUNCT
fbem-28640	233	13	2022	2022	NUM
fbem-28640	233	14	)	)	PUNCT
fbem-28640	233	15	formal	formal	ADJ
fbem-28640	233	16	institutions	institution	NOUN
fbem-28640	233	17	,	,	PUNCT
fbem-28640	233	18	culture	culture	NOUN
fbem-28640	233	19	,	,	PUNCT
fbem-28640	233	20	and	and	CCONJ
fbem-28640	233	21	venture	venture	NOUN
fbem-28640	233	22	capital	capital	NOUN
fbem-28640	233	23	activity	activity	NOUN
fbem-28640	233	24	:	:	PUNCT
fbem-28640	233	25	a	a	DET
fbem-28640	233	26	cross	cross	ADJ
fbem-28640	233	27	-	-	ADJ
fbem-28640	233	28	country	country	ADJ
fbem-28640	233	29	analysis	analysis	NOUN
fbem-28640	233	30	.	.	PUNCT
fbem-28640	234	1	journal	journal	NOUN
fbem-28640	234	2	of	of	ADP
fbem-28640	234	3	business	business	NOUN
fbem-28640	234	4	venturing	venturing	NOUN
fbem-28640	234	5	,	,	PUNCT
fbem-28640	234	6	27(1	27(1	NUM
fbem-28640	234	7	):	):	PUNCT
fbem-28640	234	8	95	95	NUM
fbem-28640	234	9	-	-	SYM
fbem-28640	234	10	111	111	NUM
fbem-28640	234	11	.	.	PUNCT
fbem-28640	235	1	[	[	X
fbem-28640	235	2	5	5	NUM
fbem-28640	235	3	]	]	PUNCT
fbem-28640	235	4	benes	bene	NOUN
fbem-28640	235	5	,	,	PUNCT
fbem-28640	235	6	n.	n.	NOUN
fbem-28640	235	7	(	(	PUNCT
fbem-28640	235	8	2015	2015	NUM
fbem-28640	235	9	)	)	PUNCT
fbem-28640	235	10	the	the	DET
fbem-28640	235	11	relevance	relevance	NOUN
fbem-28640	235	12	of	of	ADP
fbem-28640	235	13	economic	economic	ADJ
fbem-28640	235	14	,	,	PUNCT
fbem-28640	235	15	institutional	institutional	ADJ
fbem-28640	235	16	and	and	CCONJ
fbem-28640	235	17	cultural	cultural	ADJ
fbem-28640	235	18	determinants	determinant	NOUN
fbem-28640	235	19	for	for	ADP
fbem-28640	235	20	venture	venture	NOUN
fbem-28640	235	21	capital	capital	NOUN
fbem-28640	235	22	investments	investment	NOUN
fbem-28640	235	23	:	:	PUNCT
fbem-28640	235	24	a	a	DET
fbem-28640	235	25	useurope	useurope	ADJ
fbem-28640	235	26	comparison	comparison	NOUN
fbem-28640	235	27	.	.	PUNCT
fbem-28640	236	1	master	master	NOUN
fbem-28640	236	2	’s	’s	PART
fbem-28640	236	3	theses	theses	PROPN
fbem-28640	236	4	,	,	PUNCT
fbem-28640	236	5	131	131	NUM
fbem-28640	236	6	.	.	PUNCT
fbem-28640	237	1	[	[	X
fbem-28640	237	2	6	6	NUM
fbem-28640	237	3	]	]	PUNCT
fbem-28640	237	4	marino	marino	PROPN
fbem-28640	237	5	,	,	PUNCT
fbem-28640	237	6	l.	l.	PROPN
fbem-28640	237	7	d.	d.	PROPN
fbem-28640	237	8	,	,	PUNCT
fbem-28640	237	9	dickson	dickson	PROPN
fbem-28640	237	10	,	,	PUNCT
fbem-28640	237	11	p.	p.	PROPN
fbem-28640	237	12	,	,	PUNCT
fbem-28640	237	13	weaver	weaver	PROPN
fbem-28640	237	14	,	,	PUNCT
fbem-28640	237	15	k.	k.	PROPN
fbem-28640	237	16	m.	m.	PROPN
fbem-28640	237	17	,	,	PUNCT
fbem-28640	237	18	et	et	PROPN
fbem-28640	237	19	al	al	PROPN
fbem-28640	237	20	.	.	PUNCT
fbem-28640	237	21	(	(	PUNCT
fbem-28640	237	22	2010	2010	NUM
fbem-28640	237	23	)	)	PUNCT
fbem-28640	237	24	cultural	cultural	ADJ
fbem-28640	237	25	influences	influence	NOUN
fbem-28640	237	26	on	on	ADP
fbem-28640	237	27	entrepreneurial	entrepreneurial	ADJ
fbem-28640	237	28	orientation	orientation	NOUN
fbem-28640	237	29	:	:	PUNCT
fbem-28640	237	30	the	the	DET
fbem-28640	237	31	impact	impact	NOUN
fbem-28640	237	32	of	of	ADP
fbem-28640	237	33	national	national	ADJ
fbem-28640	237	34	culture	culture	NOUN
fbem-28640	237	35	on	on	ADP
fbem-28640	237	36	risk	risk	NOUN
fbem-28640	237	37	taking	taking	NOUN
fbem-28640	237	38	and	and	CCONJ
fbem-28640	237	39	proactiveness	proactiveness	NOUN
fbem-28640	237	40	in	in	ADP
fbem-28640	237	41	smes	sme	NOUN
fbem-28640	237	42	.	.	PUNCT
fbem-28640	238	1	entrepreneurship	entrepreneurship	NOUN
fbem-28640	238	2	theory	theory	NOUN
fbem-28640	238	3	and	and	CCONJ
fbem-28640	238	4	practice	practice	NOUN
fbem-28640	238	5	,	,	PUNCT
fbem-28640	238	6	34	34	NUM
fbem-28640	238	7	:	:	SYM
fbem-28640	238	8	959–984	959–984	NUM
fbem-28640	238	9	.	.	PUNCT
fbem-28640	239	1	[	[	X
fbem-28640	239	2	7	7	NUM
fbem-28640	239	3	]	]	SYM
fbem-28640	239	4	yang	yang	PROPN
fbem-28640	239	5	,	,	PUNCT
fbem-28640	239	6	c.	c.	PROPN
fbem-28640	239	7	,	,	PUNCT
fbem-28640	239	8	hua	hua	PROPN
fbem-28640	239	9	,	,	PUNCT
fbem-28640	239	10	y.	y.	PROPN
fbem-28640	239	11	(	(	PUNCT
fbem-28640	239	12	2022	2022	NUM
fbem-28640	239	13	)	)	PUNCT
fbem-28640	239	14	cultural	cultural	ADJ
fbem-28640	239	15	diversity	diversity	NOUN
fbem-28640	239	16	and	and	CCONJ
fbem-28640	239	17	urban	urban	ADJ
fbem-28640	239	18	venture	venture	NOUN
fbem-28640	239	19	capital	capital	NOUN
fbem-28640	239	20	:	:	PUNCT
fbem-28640	239	21	empirical	empirical	ADJ
fbem-28640	239	22	analysis	analysis	NOUN
fbem-28640	239	23	based	base	VERB
fbem-28640	239	24	on	on	ADP
fbem-28640	239	25	dialect	dialect	PROPN
fbem-28640	239	26	perspective	perspective	NOUN
fbem-28640	239	27	.	.	PUNCT
fbem-28640	240	1	china	china	PROPN
fbem-28640	240	2	economic	economic	ADJ
fbem-28640	240	3	studies	study	NOUN
fbem-28640	240	4	,	,	PUNCT
fbem-28640	240	5	1	1	NUM
fbem-28640	240	6	:	:	SYM
fbem-28640	240	7	153	153	NUM
fbem-28640	240	8	-	-	SYM
fbem-28640	240	9	167	167	NUM
fbem-28640	240	10	.	.	PUNCT
fbem-28640	241	1	[	[	X
fbem-28640	241	2	8	8	NUM
fbem-28640	241	3	]	]	SYM
fbem-28640	241	4	ye	ye	PROPN
fbem-28640	241	5	,	,	PUNCT
fbem-28640	241	6	q.	q.	PROPN
fbem-28640	241	7	(	(	PUNCT
fbem-28640	241	8	2010	2010	NUM
fbem-28640	241	9	)	)	PUNCT
fbem-28640	241	10	does	do	AUX
fbem-28640	241	11	culture	culture	NOUN
fbem-28640	241	12	matter	matter	VERB
fbem-28640	241	13	?	?	PUNCT
fbem-28640	242	1	the	the	DET
fbem-28640	242	2	impact	impact	NOUN
fbem-28640	242	3	of	of	ADP
fbem-28640	242	4	cultural	cultural	ADJ
fbem-28640	242	5	differences	difference	NOUN
fbem-28640	242	6	on	on	ADP
fbem-28640	242	7	vc	vc	PROPN
fbem-28640	242	8	-	-	PUNCT
fbem-28640	242	9	ceo	ceo	NOUN
fbem-28640	242	10	interaction	interaction	NOUN
fbem-28640	242	11	.	.	PUNCT
fbem-28640	243	1	international	international	ADJ
fbem-28640	243	2	journal	journal	NOUN
fbem-28640	243	3	of	of	ADP
fbem-28640	243	4	entrepreneurship	entrepreneurship	NOUN
fbem-28640	243	5	and	and	CCONJ
fbem-28640	243	6	innovation	innovation	NOUN
fbem-28640	243	7	management	management	NOUN
fbem-28640	243	8	,	,	PUNCT
fbem-28640	243	9	12	12	NUM
fbem-28640	243	10	:	:	PUNCT
fbem-28640	243	11	70–83	70–83	NUM
fbem-28640	243	12	.	.	PUNCT
fbem-28640	244	1	[	[	X
fbem-28640	244	2	9	9	NUM
fbem-28640	244	3	]	]	SYM
fbem-28640	244	4	dang	dang	NOUN
fbem-28640	244	5	,	,	PUNCT
fbem-28640	244	6	v.	v.	PROPN
fbem-28640	244	7	c.	c.	PROPN
fbem-28640	244	8	,	,	PUNCT
fbem-28640	244	9	nguyen	nguyen	PROPN
fbem-28640	244	10	,	,	PUNCT
fbem-28640	244	11	q.	q.	PROPN
fbem-28640	244	12	k.	k.	PROPN
fbem-28640	244	13	(	(	PUNCT
fbem-28640	244	14	2022	2022	NUM
fbem-28640	244	15	)	)	PUNCT
fbem-28640	244	16	the	the	DET
fbem-28640	244	17	effect	effect	NOUN
fbem-28640	244	18	of	of	ADP
fbem-28640	244	19	fintech	fintech	NOUN
fbem-28640	244	20	development	development	NOUN
fbem-28640	244	21	on	on	ADP
fbem-28640	244	22	financial	financial	ADJ
fbem-28640	244	23	stability	stability	NOUN
fbem-28640	244	24	in	in	ADP
fbem-28640	244	25	an	an	DET
fbem-28640	244	26	emerging	emerge	VERB
fbem-28640	244	27	market	market	NOUN
fbem-28640	244	28	:	:	PUNCT
fbem-28640	244	29	the	the	DET
fbem-28640	244	30	role	role	NOUN
fbem-28640	244	31	of	of	ADP
fbem-28640	244	32	market	market	NOUN
fbem-28640	244	33	discipline	discipline	NOUN
fbem-28640	244	34	.	.	PUNCT
fbem-28640	245	1	research	research	NOUN
fbem-28640	245	2	in	in	ADP
fbem-28640	245	3	globalization	globalization	NOUN
fbem-28640	245	4	,	,	PUNCT
fbem-28640	245	5	5	5	NUM
fbem-28640	245	6	.	.	PUNCT
fbem-28640	246	1	[	[	X
fbem-28640	246	2	10	10	NUM
fbem-28640	246	3	]	]	PUNCT
fbem-28640	246	4	shchepeleva	shchepeleva	PROPN
fbem-28640	246	5	,	,	PUNCT
fbem-28640	246	6	m.	m.	NOUN
fbem-28640	246	7	,	,	PUNCT
fbem-28640	246	8	stolbov	stolbov	NOUN
fbem-28640	246	9	,	,	PUNCT
fbem-28640	246	10	m.	m.	NOUN
fbem-28640	246	11	(	(	PUNCT
fbem-28640	246	12	2023	2023	NUM
fbem-28640	246	13	)	)	PUNCT
fbem-28640	246	14	does	do	AUX
fbem-28640	246	15	one	one	NUM
fbem-28640	246	16	size	size	NOUN
fbem-28640	246	17	fit	fit	NOUN
fbem-28640	246	18	all	all	ADV
fbem-28640	246	19	?	?	PUNCT
fbem-28640	247	1	comparing	compare	VERB
fbem-28640	247	2	the	the	DET
fbem-28640	247	3	determinants	determinant	NOUN
fbem-28640	247	4	of	of	ADP
fbem-28640	247	5	the	the	DET
fbem-28640	247	6	fintech	fintech	NOUN
fbem-28640	247	7	market	market	NOUN
fbem-28640	247	8	segments	segment	NOUN
fbem-28640	247	9	expansion	expansion	NOUN
fbem-28640	247	10	.	.	PUNCT
fbem-28640	248	1	the	the	DET
fbem-28640	248	2	journal	journal	NOUN
fbem-28640	248	3	of	of	ADP
fbem-28640	248	4	finance	finance	NOUN
fbem-28640	248	5	and	and	CCONJ
fbem-28640	248	6	data	datum	NOUN
fbem-28640	248	7	science	science	NOUN
fbem-28640	248	8	,	,	PUNCT
fbem-28640	248	9	9	9	NUM
fbem-28640	248	10	.	.	PUNCT
fbem-28640	249	1	[	[	X
fbem-28640	249	2	11	11	NUM
fbem-28640	249	3	]	]	SYM
fbem-28640	249	4	hu	hu	PROPN
fbem-28640	249	5	,	,	PUNCT
fbem-28640	249	6	y.	y.	PROPN
fbem-28640	249	7	,	,	PUNCT
fbem-28640	249	8	wu	wu	PROPN
fbem-28640	249	9	,	,	PUNCT
fbem-28640	249	10	t.	t.	PROPN
fbem-28640	249	11	(	(	PUNCT
fbem-28640	249	12	2022	2022	NUM
fbem-28640	249	13	)	)	PUNCT
fbem-28640	249	14	comparison	comparison	NOUN
fbem-28640	249	15	of	of	ADP
fbem-28640	249	16	financial	financial	ADJ
fbem-28640	249	17	market	market	NOUN
fbem-28640	249	18	structures	structure	NOUN
fbem-28640	249	19	between	between	ADP
fbem-28640	249	20	china	china	PROPN
fbem-28640	249	21	and	and	CCONJ
fbem-28640	249	22	the	the	DET
fbem-28640	249	23	united	united	PROPN
fbem-28640	249	24	states	states	PROPN
fbem-28640	249	25	and	and	CCONJ
fbem-28640	249	26	its	its	PRON
fbem-28640	249	27	implications	implication	NOUN
fbem-28640	249	28	for	for	ADP
fbem-28640	249	29	china	china	PROPN
fbem-28640	249	30	.	.	PUNCT
fbem-28640	250	1	international	international	ADJ
fbem-28640	250	2	business	business	NOUN
fbem-28640	250	3	research	research	NOUN
fbem-28640	250	4	,	,	PUNCT
fbem-28640	250	5	5	5	NUM
fbem-28640	250	6	:	:	SYM
fbem-28640	250	7	98106	98106	NUM
fbem-28640	250	8	.	.	PUNCT
fbem-28640	251	1	[	[	X
fbem-28640	251	2	12	12	NUM
fbem-28640	251	3	]	]	X
fbem-28640	251	4	abbasi	abbasi	PROPN
fbem-28640	251	5	,	,	PUNCT
fbem-28640	251	6	k.	k.	PROPN
fbem-28640	251	7	,	,	PUNCT
fbem-28640	251	8	alam	alam	PROPN
fbem-28640	251	9	,	,	PUNCT
fbem-28640	251	10	a.	a.	PROPN
fbem-28640	251	11	,	,	PUNCT
fbem-28640	251	12	du	du	PROPN
fbem-28640	251	13	,	,	PUNCT
fbem-28640	251	14	m.	m.	NOUN
fbem-28640	251	15	(	(	PUNCT
fbem-28640	251	16	anna	anna	PROPN
fbem-28640	251	17	)	)	PUNCT
fbem-28640	251	18	,	,	PUNCT
fbem-28640	251	19	et	et	PROPN
fbem-28640	251	20	al	al	PROPN
fbem-28640	251	21	.	.	PROPN
fbem-28640	251	22	(	(	PUNCT
fbem-28640	251	23	2021	2021	NUM
fbem-28640	251	24	)	)	PUNCT
fbem-28640	251	25	fintech	fintech	NOUN
fbem-28640	251	26	,	,	PUNCT
fbem-28640	251	27	sme	sme	NOUN
fbem-28640	251	28	efficiency	efficiency	NOUN
fbem-28640	251	29	and	and	CCONJ
fbem-28640	251	30	national	national	ADJ
fbem-28640	251	31	culture	culture	NOUN
fbem-28640	251	32	:	:	PUNCT
fbem-28640	251	33	evidence	evidence	NOUN
fbem-28640	251	34	from	from	ADP
fbem-28640	251	35	oecd	oecd	PROPN
fbem-28640	251	36	countries	country	NOUN
fbem-28640	251	37	.	.	PUNCT
fbem-28640	252	1	technological	technological	ADJ
fbem-28640	252	2	forecasting	forecasting	NOUN
fbem-28640	252	3	and	and	CCONJ
fbem-28640	252	4	social	social	ADJ
fbem-28640	252	5	change	change	NOUN
fbem-28640	252	6	,	,	PUNCT
fbem-28640	252	7	163	163	NUM
fbem-28640	252	8	.	.	PUNCT