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My observation is that Qi used the YC brand to help launch his MiraclePlus. After that they part ways. The first batch of startups are very different from regular YC companies.

https://mp.weixin.qq.com/s/KdfV4hF4qz8Ti1XL0i_S3A

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So form a partnership with US firm, extract IP and know-how, launch a clone in China, and part ways. Sounds like a standard approach.

Oh, and the Western "chumps" got "nothing". Is that the story line you are selling here?

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