Page 107 - How China Is Winning the Tech Race

The next chapter leaves the entrepreneurs who are creating China’s future
and deals with the venture capitalists who are funding it. After vowing they
would never fish for promising start-ups beyond the Valley ecosystem, top
American venture capitalists have filled business-class seats on planes to
Shanghai and Beijing. They are hoping that the entrepreneurial spirit and
leading-edge innovations they bred in the Valley during the dot-com era will
come alive in China and that they will find the same dreams, aspirations, and
ambitions there. Together with a new crop of Chinese venture investors they
are looking not for copycats of Google, Amazon, Yahoo!, and MySpace but
for true innovators—the promise of the next new thing. The next chapter is
the story of their eastward journey and their quest for breakthrough tech-
nology in the Middle Kingdom.

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