Deals
China's Silicon Valley Dream Powers Rise of Health Startups
- Health-care startups are set to benefit from new funding
- Cities still face challenges building startup culture
China's Silicon Valley Dreams
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Holed up in a shiny glass building in the Chinese city of Chengdu, Y. James Kang spends his days researching ways to repair damaged hearts, livers and brains -- with the help of stem cells and 3D printers.
The Chinese-born and U.S.-trained biologist set up his health-care startup, Revotek, in this southwestern city in 2014. At the time, he was attracted by the region’s rich local supply of monkeys that were ideal for testing human treatments. In Chengdu, the company has drawn 215 million yuan ($33 million) in funding from a local real-estate company seeking to diversify.