An exterior view of the ZGC Innovation Center is seen in Santa Clara, California, April 12, 2018. REUTERS/Stephen Lam
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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.Reuters interviews with the incubators showed 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.The U.S. has already moved to block many Chinese acquisitions in the tech sector, and is considering several measures that could impose sweeping new strictures on Chinese investment in Silicon Valley.The accelerators reflect close ties between entrepreneurs, tech investors and top engineering talent in the U.S. and China.Although China's protection of intellectual property is not as good as in the United States, it has improved, she said.Sue Xu, a general partner at Amino Capital, said her firm had invested in more than 130 startups and helped more than 30 percent of them enter China.
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