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Silicon Valley Startups Turn to Chinese Backers for Funds
When Mark Pavlyukovskyy, founder of a do-it-yourself computer kit maker, was looking for investors last year, he wanted someone who knew the Chinese market.
Turns out, Pavlyukovskyy didn't have to go to Beijing or Shanghai. Chinese venture capitalists are everywhere in Silicon Valley.
Last year, Pavlyukovskyy, a Ukrainian-born American entrepreneur working in San Francisco, raised $2.1 million from nine investors, including a Chinese firm based in the Valley.