Technology giants pump up startups in US expansion
By Lian Zi in San Francisco | China Daily | Updated: 2014-10-09 07:55
Ample cash held by companies paves way for smooth market entry
Chinese Internet giants Baidu Inc, Alibaba Group Holding Ltd and Tencent Holdings Ltd are finding that investing in startups is a smoother way to enter the United States market.
"There have been 52 investments made by Chinese companies in the US from 2012 through August 2014, with an investment total of $3.6 billion," Rebecca Fannin, founder of Silicon Dragon Ventures, told China Daily.
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