Investment from China into Silicon Valley, excluding real estate, topped $6 billion by the end of the first half of 2016, with more than half of that spending taking place in the past 18 months, according to the Rhodium Group research firm. Investors have been spurred by China’s growing wealth over the past decade and a government push to develop innovative technologies — particularly in areas such as virtual reality and artificial intelligence, where China still lags.
“China realizes it needs a role model to follow as the country is transitioning from manufacturing to innovation,” said Shoucheng Zhang, a celebrated Stanford physicist who started a $350 million venture capital firm two years ago to capitalize on the boom. “This is the new digital Silk Road.” Read more
“China realizes it needs a role model to follow as the country is transitioning from manufacturing to innovation,” said Shoucheng Zhang, a celebrated Stanford physicist who started a $350 million venture capital firm two years ago to capitalize on the boom. “This is the new digital Silk Road.” Read more
