Beijing, Bangalore challenge Silicon Valley for venture capital

San Francisco

THE venture capital (VC) business in Asia is beginning to rival that in North America, home to Silicon Valley and birthplace of the modern VC model.

Investments in China and India, where most of the big deals are taking place, more than tripled to US$16.9 billion in the third quarter, just less than the US$17.5 billion invested in North Amer…