A tale of three cities
China's embryonic venture capital market has a long way to go before it catches up with the US and the UK, but it could reap the benefits if it can learn from their mistakes, write Martin Baker and Susan Ning
The success of companies such as Microsoft, Intel, Yahoo! and Amazon is well recognised worldwide. The availability of venture capital, an investment model initially developed in the US and now exported worldwide, contributed significantly to the ultimate success of these businesses. What lessons does this offer for developing markets?
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