WILL CHINA INNOVATION WORK?
I have been watching with a great deal of interest the departure of Kai-Fu Lee from Google to form Innovation Works, which has aggregated a $115 million fund that will be invested in tech start ups.
While $115 million is not enormous anymore by Silicon Valley private equity standards, that amount will go many times further in China and should be viewed as most significant. Some of China's most successful tech pioneers have contributed to Innovation works and according to Mr. Lee, the first order of business will be to "recruit talent."
