Venture capitalists beware: Chinese factories may eat your lunch

Venture capitalists beware: Chinese factories may eat your lunch

An employee picks up a OnePlus X smartphone on the assembly line at the OnePlus manufacturing facility in Dongguan, China, on Thursday, Dec. 17, 2015. Photographer: Qilai Shen/Bloomberg

For decades China’s contract manufacturers have been content mostly to churn out gadgets designed by the world’s tech companies. Now they’re going a step further — seeking out entrepreneurs and building their designs in hopes of finding the next must-have device.

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