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Silicon Valley Startup Incubator Y Combinator Closing China Unit

July 16, 2022
Source: newsdeal.in newsdeal.in
News Snapshot:
Silicon Valley Startup Incubator Y Combinator Closing China Unit Y Combinator, a Silicon Valley incubator of start-ups, said on Thursday it would close YC China, a Chinese version of its US programme. The move comes as tensions rise between the United States and China over trade and intellectual property in the technology sector. Y Combinator said the decision was a change in strategy unrelated to problems between the two countries. YC China was created in 2018 under the leadership of Qi Lu, a computer scientist who was an executive in Microsoft Corp and Chinese search engine Baidu Inc. Y Combinator...
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