How China's Tech Revolution Threatens Silicon Valley

“The spring of investment has come,” declares a banner hanging over Zhongguancun Inno Way, a pedestrian walkway tucked behind the high-rise superstores of Beijing’s high-tech electronics zone in the city’s northwest. Twenty-somethings bustle by clutching coffee and take-out KFC, only the tops of their heads visible as they bury their attention in Chinese-made smartphones. Now the alley—whose Chinese name translates roughly as “Entrepreneurship Street”—is saturated with co-working spaces, cafés, and start-up accelerators.

 

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