Russia invests in big crocodile: Chinese technology companies will snatch Silicon Valley VCs

Russia famous investor, internet investment company DST Global CEO Milner Sina Science and technology Beijing Time May 2 morning news, Russian famous investors, internet investment company DST Global CEO Milner (Yuri Milner) said today, Chinese technology companies are booming and will challenge the US Silicon Valley in the future to attract investment, with several technology companies worth more than $50 billion trillion over the next 10 years. Mr Milner made the point in a Bloomberg television interview today. In his view, China will soon produce companies of the same size as Alibaba. In the next 10 years, Mr Milner points out, China will be the birth of several global technology companies worth more than $50 billion trillion. In addition, over the same period, China will also emerge more than 25 more than 10 billion U.S. dollars worth of technology companies. He said that although China's macroeconomic growth has slowed down, but it can not hinder the rapid development of Chinese science and technology enterprises momentum. Although DST is bullish on growth opportunities in India, Brazil and Europe, Mr Milner says his investment focus is "primarily in the US and China markets". In another interview earlier, he expressed a similar view: "China is a huge investment market outside the Silicon Valley of the United States." "DST was one of the investors who invested in Alibaba in 2011 when it was valued at $32 billion," insiders say. Mr Milner also spelled out his investment outlook: Let the founders decide when to go public and not intervene. (Zhu Fei)