Is There A Tech Bubble In China?
Editor’s note: Zack Weisfeld is general manager at Microsoft Ventures Global Accelerators.
I recently returned from my latest business trip to China, where I had the opportunity to meet with local entrepreneurs, VCs, and representatives from China’s Silicon Valley, Zhong Guan Cun. This reinforced my belief that China has become a hub for high-growth startups. The recent international success stories of Jack Ma’s Alibaba and Xiaomi, which just raised $1.1 billion, are just a few examples.
When I mentioned China’s growing number of technology startup companies to some of the leading local VCs, they agreed that there had been an explosion in the market and mentioned the increasing number of billion-dollar companies joining the ecosystem each year — most of which are geared toward serving domestic customers.
Many leading local VCs also acknowledged that the Chinese investment market is currently on fire. An article…
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