Kai-Fu Lee will close the Silicon Valley headquarters of the Innovation Works, and the supervisor has resigned a few months ago.

www.techweb.com.cn/it/2019-05-15/2735...

It is reported that the headquarters was established in 2013 and a few months ago the director Chris Evdemon had left. In November last year, Kai-Fu Lee said in an interview that 95% of the funds are currently invested in China, and this number will be expanded to "98% or 100%" in the future. He said that US policy forced its company to "find smart Chinese technical talents in the United States and then bring them back to China."

Founded by Dr. Li Kaifu in September 2009, Innovation Workshop (Sinovation Ventures) is an investment institution and platform dedicated to the early stage of investment and provides an all-round entrepreneurial cultivation platform aimed at cultivating innovative talents and a new generation of high-tech enterprises.

Kai-fu Lee closure innovation workshop Silicon Valley headquarters supervisor month ago resignation

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