The Ex-COO of ‘Chinese Google’ Baidu along with blockchain bull Qi Lu has united Y Combinator (YC) to conduct the organization’s brand new China-established branch, based on some blog post August 14.
Y Combinator –the important Silicon Valley-established entrepreneurial accelerator that financed such startups as Dropbox, Airbnb, Coinbase, Reddit, amongst others –announced that has been entered the Chinese market, starting a new branch of the business there.
The firm announced the new branch is going to be started and run by ex-Baidu exec Qi. In the statement, YC president Sam Altman said he anticipated Qi into “build a long-term local organization that will combine the best of Silicon Valley and China and create a lot of innovation.” Altman additional:-LRB-***********)
In an interview published today, August 15, in local media outlet 36Kr, Qi revealed he is “optimistic about blockchain technology,” imagining one of its advantages the security of privacy and information integrity.
As Cointelegraph reported at April of the calendar year, Baidu had established a blockchain-based picture rights protection platform known as Totem.
Previously, this winter, the biggest online merchant in China JD.com revealed its plans to establish a blockchain startup incubator “to build new businesses and create and test real-world applications of their technologies at scale.”
Original post first appeared in https://cointelegraph.com/news/y-combinator-reveals-ex-baidu-blockchain-bull-qi-lu-as-ceo-of-new-china-division