Vivi(@vivilinsv):Great read on the Chinese venture ecosystem by @loubohan! The short message is - China's VC scene is not just a less mature version of Silicon Valley - it operates under a different logic: weaker M&A exits, stronger IPO pressure, government-backed RMB capital with industrial-policy mandates, widespread use of FAs, and a relationship-driven social graph. That structure can be brutal for founders, but it also helps explain why Chinese companies become exceptionally lean, fast and globally aggressive.

2026.07.28 20:01

Great read on the Chinese venture ecosystem by @loubohan! The short message is - China's VC scene is not just a less mature version of Silicon Valley - it operates under a different logic: weaker M&A exits, stronger IPO pressure, government-backed RMB capital with industrial-policy mandates, widespread use of FAs, and a relationship-driven social graph. That structure can be brutal for founders, but it also helps explain why Chinese companies become exceptionally lean, fast and globally aggressive.

Bohan@loubohan

2026.07.28 16:39

Everyone in the Valley has a take on whether China is winning AI, robotics, and biotech. Almost nobody understands how the capital works Notes from meeting China's tier-1 investors and founders on how their venture ecosystem actually works.