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"Given EMVCo's wide global presence and great influence, there is no doubt that the alliance will increase Alipay's credibility in the world and help the company to go global," said Li Chao, senior analyst of consultancy iResearch.

"For Qualcomm, it makes good business sense to continue shipments to Huawei, as it already has a long-term licensing agreement with Huawei," he said.

"Good entrepreneurship education can lead to entrepreneurial success and help promote an entrepreneurial culture," said Mao Donghui, executive director of X-Lab of Tsinghua, a startup incubator education platform. "This explains why entrepreneurship academics become popular in the West.

"For those private enterprises with liquidity difficulties but promising prospects, the bank has helped them survive the credit crunch with innovative services and products," said Hong.

"GE's clients own their final data. And it is technically feasible," said Duan, adding that the issue was actually an old one, as previous collaboration with Chinese customers in hardware products had touched off such debate and GE backed up its promise with real work.