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    Business / Technology

    Chinese cash to pour into high-tech start-ups in EU, US

    By Ma Si (China Daily) Updated: 2015-11-09 07:34

    But to retain its edge in a fast-evolving world the country needs to tap into the latest global developments by investing in new ventures, he added.

    This policy is also a direct consequence of China's economic expansion, according to Bharath Madhus, co-founder of Securly, a Silicon Valley-based startup backed by Chinese investors.

    "It makes sense for Chinese venture capital to diversify into other competitive regions," he said.

    Securly has developed software and cloud-based services for parents and schools to manage the time children spend online.

    Founded in 2013, the company raised funding from Chinese venture capital firms, Zhen Fund and Innovation Works, without disclosing detailed figures.

    Although Securly has no immediate plans to move into the Chinese market, its investors will help smooth the way when the time is right.

    "Addressing foreign markets can be difficult, so investing in (the right products) is a good first step," Barrier, at Cathay Capital, said.

    "Still, it doesn't solve the real question: how to make it a significant part of the main core business outside China," he added.

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