Chinese 'Accelerators' In Silicon Valley Aim To Bring Startups Home (reuters.com)
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."
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).
"I do not agree with what you say, but I will defend to the death your right to say it"
There is a blurred line between Chinese Americans and Chinese in America, they are not the same thing and should not be treated the same.
many of us have been saying that CHina is about destroying the west. So far, they have been getting big in academia, bringing in others from their nations, and then sending them home. Just as Manufacturing was taken from America, china will take R*D from here. And again, I will say that CONgress, esp the GOP but dems are complicit as well, along with MBAs in our businesses, are the main cause of this.
I prefer the "u" in honour as it seems to be missing these days.
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.
There are plenty of other issues that we need to address.
I prefer the "u" in honour as it seems to be missing these days.
The Japanese and Koreans have been doing this for decades (since the 80's)...
Don't underestimate Americans. It's a challenge for sure but I am optimistic on our chances. By allowing them to come here, we institutionalized the brain drain and everyone wanted to come here for school and to start their own company. That made it required to be here in some capacity and gave us the pole position in every new market.
Why give that up?
why should we NOT allow foreigners to own land?
Because allowing it inherently destroys the sovereignty of any country allowing it. You can't have a functioning, independent, sovereign nation when land, property and other resources are owned and controlled be foreign entities.
controlled? Yes.
BUT, that is not the case.
I prefer the "u" in honour as it seems to be missing these days.
They are a threat to the entire planet. They are a hive of insectoid people who serve their Xin Xiao PIng - the Bug Emperor. They are building cheap, garbage islands in the pacific to serve the Bug Emperor.
If the CHICOM succeed in their objectives, your children will live in a nightmare world of total surveillance, living on giant piles of garbage and eating industrial waste.
Not a problem. If a particular "chinese" startup demonstrates success, is gaining traction, etc then someone in the US could always create a copycat product.
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.
"You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
It won't take long until you see it for sale on Alibaba.
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"?
As someone in IT, we've been seeing this for quite a while. They'll go so far as to poach from our demo teams under various auspicious but typically logisitics and technical restrictions. Requiring your software to be installed on their VMs, in their Datacenters, by them and provide documents on how to do it.. For a demo.
China is only one of several countries engaged in it too. Not surprising it isn't the only Asian one but you can add places like India to the list. They are literally sucking the IP out of the US while politicians get paid with blood/oil money.
The wolves have been circling so long...
In electronic technology, it will have competition for masses.
It is very similar to japanese companies in America decades ago, for example, Sony, Toshiba, Toyota, Mitsubishi, etc.
It translates to much money of investments in America.
I do not know if there are infringements of the called Intellectual Property.
Well, isn't the entire US *Build* on the idea of "foreigners grabbing the land of the natives"? ;-P
I wonder how many Chinese investors threw their money at "innovative" startups like Juicero.
Copying business models and software is easy. I don't think any Silicon Valley startups are innovating in a way that can't be easily copied.
Wouldn't it be funny to find out that, in the long game, socialism and communism work better than capitalism? Think about it - capitalism is all about profits for today, even if that means wrecking and/or selling off the country.
Uh, yeah.
Texas is a pretty famous one.
And we know how that went.
Um, I guess ALL OF AMERICA too.
I guess you can ask the Indians in their ghettos, um I mean reservations, how that went.
Are people really this ignorant?
And China is doing the same with its neighbors slowly. Vancouver too.
Does slashdot believe in IP today?
Most days it doesn't. But oh, today's different! It's China doing the coping. That's so different. Maybe we believe in IP today.
But tomorrow? It's imaginary property again.
American is having to rely heavily on foreign scientists immigrating here. This is going to accelerate because, well, we slashed funding to schools in the 90s and kept at it through the 2000s. Schools don't have enough space for the qualified applicants. After all, why pay for your own schools if you can get other countries to do it for you?
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 investments are global and so are you. But if you're a working class stiff you're lucky if the fees from your 401k don't make your contributions a wash. You're very much local.
What I'm saying is, we need to invest more in home grown talent that'll be loyal to the community and want to see it prosper. And by 'we' I mean those of us who live off our work instead of live off our investments.
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No, it's built on it. I wish stupid wops like you would learn the difference,.
China would be extremely happy to partner with US companies. I doubt this would change any of the rhetoric.
Jìng-Yáng has finally taken over from Eric Buckman.
More like too busy fighting off the smelly hindu chimps that keep coming over. Even thought they're unwanted and their culture is subhuman.
Chinese are bros. China is a chill place for a white guy to live.
Americans on the other hand are nobodies friend. (With friends like these, who needs enemies).
The yank is an eternal calvinist at heart, and will throw you under a bus, or sell his own grandmother in hopeless pursuit of salvation.
Comment removed based on user account deletion
Chinese company ideas:
New Snapchat
New Facebook
New Zillow
New Expedia
New Reddit
New Grubhub
New Spotify
New Kickstarter
New Pied Piper
Asians, and not all of them Chinese, are probably the second largest group but honestly how often do you hear about a startup with Chinese founders here in the United States? Are there really all that many startups in Silicon Valley that would be willing to relocate to China? I don't know for certain, but I suspect that the number of startup founders willing to relocate their firms to China could fit in an elevator with room to dance. And even if they could convince those startup founders to relocate to China what about their employees? Most of the capital in a tech startup is in the people, their skills and the ideas in their heads. Many of these employees are going to be young, male, American born and white. Does anybody honestly believe that many startup employees would be willing to relocate to China? Finally, as we all saw with the Google Project Maven debacle, there is a strong dislike for military or defense related applications of technology in Silicon Valley and the Chinese have been aggressive and public about trumpeting their military ambitions and their desire to acquire technology for use in military programs or to further oppress minority groups in China and the Chinese people themselves. How can young Americans, who fancy themselves as progressive and enlightened, agree to to work for an authoritarian government bent on military hegemony in Asia? I think the Chinese are barking up the wrong tree, but if they want to play the role of the fool then I have no doubt that they will find somebody in Silicon Valley who is willing to waste their time and money.
You entitled racist asshole. You have just as much 'right' to buy land as any Chinese person does. There are plenty of foreign owned companies in China.
China doesn't stop people from coming to study in China and then take that knowledge home with them. What are you talking about?
......need controlling.
Time for some nuclear powered DDT perhaps ???
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?
https://www.independent.co.uk/news/world/asia/technology-company-alibaba-posts-job-advert-asking-for-stunning-women-with-qualities-of-adult-film-10223902.html
Meanwhile in sausage-fest Silicon Valley you can't find a girl and if you do , you'll need to plan a way to ask her out in a way that cannot be construed as sexual harassment
Of course it's true you even more ignorant fool. Neither Chinese or foreigners can buy land in China. Only lease it. so exactly the same right zero.
Different places have different rules for leasing property too, even Chinese can't just go to another city and 'buy a house'. Plenty of foreigners 'buy houses' in China.
Every place has rules of ownership for corporations, you can set up foreign owned companies in China with no local partners etc etc.
Every country on the planet that was/is successful started out with protecting their internal market and take as much IP from abroad as possible, same goes for the US that was very protective them selves until well after WWII. The story how it âstoleâ(TM) the IP for textile âweavingâ(TM) from the UK is a fun thing to read up on.