Chinese 'Accelerators' In Silicon Valley Aim To Bring Startups Home (reuters.com) 74
An anonymous reader quotes a report from Reuters: Beijing's unslakeable thirst for the latest technology has spurred a proliferation of "accelerators" in Silicon Valley that aim to identify promising startups and bring them to China. The surge in the number of China-focused accelerators -- which support, mentor and invest in early-stage startups -- is part of a larger wave of Chinese investment in Silicon Valley. At least 11 such programs have been created in the San Francisco Bay Area since 2013, according to the tech-sector data firm Crunchbase. Some work directly with Chinese governments, which provide funding. Reuters interviews with the incubators showed that many were focused on bringing U.S. startups to China. For U.S. government officials wary of China's growing high-tech clout, the accelerator boom reaffirms fears that U.S. technological know-how is being transferred to China through investments, joint ventures or licensing agreements. "Our intellectual property is the future of our economy and our security," Senator Mark Warner, the Democratic vice-chairman of the U.S. Senate Intelligence Committee, said in a statement to Reuters about Chinese accelerators. "China's government has clearly prioritized acquiring as much of that intellectual property as possible. Their ongoing efforts, legal or illegal, pose a risk that we have to look at very seriously."
Their LEGAL ongoing efforts? (Score:3, Interesting)
If you don't like their LEGAL efforts, then,being a Congresscritter, you can work to change the relevant LAWS.
Now, if they're doing illegal things, then you don't need to change the relevant laws, just enforce them. Equally. For everyone. Don't do this silly crap of "enforce the letter of the law if they're Chinese, but ignore the law if they're British/French/German (read: white guys like us).
Re:Their LEGAL ongoing efforts? (Score:5, Insightful)
If you don't like their LEGAL efforts, then,being a Congresscritter, you can work to change the relevant LAWS.
Now, if they're doing illegal things, then you don't need to change the relevant laws, just enforce them. Equally. For everyone. Don't do this silly crap of "enforce the letter of the law if they're Chinese, but ignore the law if they're British/French/German (read: white guys like us).
Or, being a responsible legislator, he could say "Hey, we've identified a potentially serious threat. We need to study it so we can take appropriate action."
Politicians don't have a magic box that gives them perfect unbiased information, they (and their staffs) need to do research and check sources just like everyone else. The right answer might even be "don't change anything but keep monitoring".
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Re:Their LEGAL ongoing efforts? (Score:5, Insightful)
Secondly, there is a HUGE difference in intentions. Europeans that are grabbing knowledge and companies in America are not about to bomb America with it. In addition, it is NOT 1-way only. We are allowed to buy land, companies, etc in over in Europe. OTOH, Your nation, china, blocks the west from doing the same thing.
Re: Their LEGAL ongoing efforts? (Score:1)
The real risk when dealing with companies in Western nations like Germany, France, the UK, Canada and Australia is that they have broken immigration systems that let in far too many people who outright refuse to integrate in any meaningful way. When a business in the US deals with businesses in such nations, there's a very good chance they're dealing with a foreign national who holds no allegiance to the Western nation they're taking advantage of. In some cases these people are outright hostile to their new
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When a business in the US deals with businesses in such nations, there's a very good chance they're dealing with a foreign national who holds no allegiance to the Western nation they're taking advantage of
As a European, with some very serious doubts about the current level of immigration, the failure of many immigrants to integrate properly (for whatever reason that may be), and what the long term effects on our society will be, I still have to ask: where did you get this ridiculous notion?
Re:Their LEGAL ongoing efforts? (Score:5, Informative)
For example read up on how China became the Nr #1 country in high speed trains and the bitter taste it left for companies that tried to invest in subsidiaries there to have their tech stolen and now used agains't them aborad.
http://fortune.com/2013/04/15/did-china-steal-japans-high-speed-train/
http://www.scmp.com/news/china/economy/article/2107096/china-says-its-bullet-train-technology-was-stolen-days-after-us
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For example read up on how China became the Nr #1 country in high speed trains and the bitter taste it left for companies that tried to invest in subsidiaries there to have their tech stolen and now used agains't them aborad.
This is what greed looks like. China has done this kind of thing constantly, they have whole facilities which do nothing but study other people's chips for the purpose of knocking off their technology wholesale. Sure, I expect Intel and AMD to de-lid each other's CPUs to see how they did things, but the Chinese are doing it regularly for the purpose of making direct counterfeits. This is basically true in every industry in which they are involved, but foreign companies keep lining up to hand them their IP b
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Picasso/SteveJobs:
Sounds like an AI that designs spectacularly reliable computers with trapezoidal screens and all the ports on the wrong sides.
"good artists copy, great artists steal"
They're not artists at anything but copying. They're not artists, they're understudies. Except they're not studying how to do it in the first place, just how to copy it. It's not a bad strategy, it's quite canny in fact. But it's still a limiting strategy. The whole "nail that sticks up gets hammered down" thing is turning America into a turd as we speak.
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Not sure where you got your information from.
Companies in China do not need to be majority owned by Chinese persons or companies, except in very specific fields. The going trend is reducing the specific fields as well. You should try reading about WOFEs when you get the chance.
BTW China would be happy if the US would allow them to create JVs in the US, rather than not allowing any sort of investment in a large amount of fields.
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Can you blame them though? They were not happy about the US buying up half their country they have done in other places, and didn't want to become another US subsidiary.
This is the problem with protectionism. It ends up screwing everyone more than cooperating.
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A Wholly Foreign-Owned Enterprise (WFOE, sometimes incorrectly WOFE) is a common investment vehicle for mainland China-based business wherein foreign parties (individuals or corporate entities) can incorporate a foreign-owned limited liability company.[1] The unique feature of a WFOE is that involvement of a mainland Chinese investor is not required, unlike most other investment vehicles (most notably, a sino-foreign joint venture).
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just enforce them. Equally. For everyone
If you can get better results by selectively enforcing the laws, then why not ? Simpler than having the laws changed.
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If you can get better results by selectively enforcing the laws, then why not ?
We have a word for selective enforcement: Corruption. You pay a bribe, and we let you slide.
Simpler than having the laws changed.
More profitable too.
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We have a word for selective enforcement: Corruption. You pay a bribe, and we let you slide.
That's just one particular example of of selective enforcement, probably not relevant here.
Re: The Chinese are not your friend (Score:1)
Pre Communist Chinese Americans and the more recent arrivals... Big difference.
My family came during the gold rush transcontinental railroad times... That China doesn't exist anymore and doesn't inspire any loyalty (other than food)
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There are plenty of other issues that we need to address.
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BUT, that is not the case.
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Are you afraid that if the foreigners get mad at us, they will pack up the land and take it home?
In most countries, there are no restrictions on foreigners owning land. Can you point a an example of this ever resulting in a "loss of sovereignty"?
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Uh, yeah.
Texas is a pretty famous one. [wikipedia.org]
Re:Why are FOREIGNERS allowed to own US land? (Score:5, Insightful)
why should we NOT allow foreigners to own land? There is no reason why not. And yes, that includes the Chinese. That is not a problem.
Reciprocity. Long before Trump was running for president, or Obama for that matter, it seemed dumb to me that the situation with China was so lopsided. They should have to partner with US companies to do business here, they shouldn't be allowed to own land here, etc., until they change those policies for their own nation. China's global success is in part due to those restrictions, and letting them stand without opposition only motivates them to keep them.
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Because it pushes up the prices and makes it too expensive for locals to buy.
Then there are security implications. Do you really want Chinese/Russian interests buying up land outside all your important ports and military bases?
Why not sell all your farms to China, what could go wrong?
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Well, isn't the entire US *Build* on the idea of "foreigners grabbing the land of the natives"? ;-P
smart on china's part (Score:2)
Re:smart on china's part (Score:4, Informative)
The effect may be destroying the west, but that isn't the goal. The goal is building up China. The ways they are doing it are little different than those used by the US during the late 1700's and early 1800's.
The thing that's destroying the west isn't China building up, but the US decaying, letting it's infrastructure collapse, and dismantling its industrial capabilities.
Now if you were to claim that China is trying to become more powerful than the West, I'd agree. That's a real truth.
Note that this is in clear distinction to certain religious fanatics who actually *are* trying to destroy the US. (And they aren't all of any one particular faith.)
Not a problem, we can copy the successful ones (Score:2)
From a technologys standpoint (Score:2)
Trouble is those immigrant scientists don't have a lot of attachment to the country. Now, if you're a wealthy billionaire nationalism is kind of pointless. You're in
Jìng-Yáng! (Score:2)
New Pied Piper (Score:2)
Chinese company ideas:
New Snapchat
New Facebook
New Zillow
New Expedia
New Reddit
New Grubhub
New Spotify
New Kickstarter
New Pied Piper