According a blog post by the company, Chrome Beta version 26 brings experimental data compression feature as well as ability to sync saves passwords and autofill entries from the desktop version.

According to Matt Welsh, Software Engineer & Mobile Web Performance Gearhead , “This feature is powered by a connection to a SPDY proxy running on Google’s servers, paired with content optimization performed by our open-source PageSpeed libraries, specifically tuned for Chrome Beta on Android.”
For more information, please read Google's Whitepaper.
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