VCs coach Silicon Valley startups on investing in China
By Chang Jun in San Francisco | China Daily | Updated: 2012-08-21 07:41
A rising number of venture capitalists with roots in China are helping prepare Silicon Valley tech startups to enter the Chinese market with cash infusions and business-incubator services.
The financiers - Chinese-born entrepreneurs who studied or made their fortune in California's technology mecca or were backed by China's government and technology and science parks - are part of renewed VC interest in the region.
China's still-growing economy, the government's thirst for technology and incentive programs, such as the 1,000 Elite Program offering subsidies of up to 1 million yuan ($157,000), have combined to attract talent and companies across the Pacific.
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