China brings investment, and confusion, to US startup scene
Investors see the Silicon Valley-China relationship, while full of opportunity, as rife with cultural misunderstandings
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MOUNTAIN View, California, start-up Quixey was the envy of many in Silicon Valley when the company announced a multi-million-dollar investment from one of China's largest and most powerful technology companies, Alibaba.
The US$110 million deal - parcelled out over two funding rounds in 2013 and 2015 - was the latest evidence that deep-pocketed Chinese investors would pay premium prices to get a stake in the region's hottest young companies.
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