That small region of the US has been, for the last few decades, the global broker of capital and talent working in tech. Silicon Valley is a hub of internationa

That small region of the US has been, for the last few decades, the global broker of capital and talent working in tech. Silicon Valley is a hub of international activity. The news here is that another place, China, has found ways of brokering the relationship between talent and capital without SV. Sidenote: The Alipay deal is really more private equity than VC.