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YCombinator Declares Intention To Start Up In China


High-profile U.S. startup accelerator; Y Combinator is making a push to bring more China-based startups into its program after it announced its first official event in the country. The company has announced plans to enter China and welcome startups in all phases to join their program whether it's at concept phase, product testing phase or fast-growing phase.

Y Combinator said that they are looking forward to meeting and working with more Chinese entrepreneurs and announced the launch of their Startup School on May 19th at Beijing Tsinghua University. The event will be free to attend — though attendees might apply for a ticket — with the goal of showing the benefits of participation in its U.S. program.

Participants of the program will have the chance to work with YC partners, president Sam Altman and founders of YC-invested US startups such as Airbnb and Stripe as well as China-born Raven Tech and Strikingly. Raven Tech; a Chinese AI startup, was acquired by Baidu in 2017.

YCombinator was founded in 2005, it has since invested in over 1400 companies. According to TechCrunch.
YCombinator officially announced the event today but the organization’s brand is so strong that word already got out in local media once it began sending out invitation.

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