The Chinese government has incubated 41,434 fledgling companies, providing 460,000 jobs in high technologies, such as sophisticated home electronic appliances or computer hardware and software.
Many VCs have tied up with investment banks to reach out to the budding entrepreneurs in the country. International funds such as US-based Kleiner Perkins, Mayfield, Quantum and Evergreen and Switzerland's VGD have either tied up, or are in the process of tying up with Indian banks to leverage India's blinding economic growth.