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> China's tech VCs and established corporations (referring to the likes of Alibaba/Tencent) are challenging (and to a certain extent dethroning) Silicon Valley
by Chaebixi 8y ago
> China's tech VCs and established corporations (referring to the likes of Alibaba/Tencent) are challenging (and to a certain extent dethroning) Silicon Valley "monopoly" when it comes to investing in innovation/R&D in super critical areas like A.I., for example.
Isn't this also official Chinese government policy?
Those Chinese tech VCs may be literally funded by the state and/or operating under its direction.
- aaavl2821 8y agoApparently there is almost $800B (7% of China's gdp) in Chinese government money in "venture guidance funds", basically government LPs. Originally the govt wanted to do direct venture investments but that proved challenging and strewn with conflicts The article mentions that the govt funding may not be as large as it seems and that the government LPs don't have that much control over investment strategy, but the intent is there https://www.chinamoneynetwork.com/2017/10/31/chinas-798b-government-funds-redraw-investment-landscape-largest-funds-must-know https://www.chinamoneynetwork.com/2017/10/31/chinas-798b-gov...