An exterior view of the ZGC Innovation Center is seen in Santa Clara, California, April 12, 2018. Picture taken April 12, 2018. REUTERS/Stephen Lam
NEW YORK/ SAN FRANCISCO: Beijing's unslakeable thirst for the latest technology has spurred a proliferation of “accelerators” in Silicon Valley that aim to identify promising startups and bring them to China.
The surge in the number of China-focused accelerators – which support, mentor and invest in early-stage startups – is part of a larger wave of Chinese investment in Silicon Valley. At least 11 such programmes have been created in the San Francisco Bay Area since 2013, according to the tech-sector data firm Crunchbase.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
