China is an interesting case because many of the startups are directly backed by government interests. This is also true for SV but not to the extent that it is in China. Most SV firms are backed by private capital with a few notable exceptions (In-Q-Tel).
It's not really an apples to apples comparison. Massive government funding is providing huge amounts of capital to make this happen and there is speculation on bubbles forming by cheap credit with few strings attached.
It's not really an apples to apples comparison. Massive government funding is providing huge amounts of capital to make this happen and there is speculation on bubbles forming by cheap credit with few strings attached.
Links:
http://www.chinadaily.com.cn/business/2017-07/28/content_302...
https://news.crunchbase.com/news/one-china-based-vc-backed-g...
https://www.wsj.com/articles/chinas-tech-startup-funding-the...