Coinbase Seed Investor to Expand to China, CEO Is Pro-Blockchain

  • Y Combinator sets up a China branch, employing former COO of Baidu as the chief

Cover image via U.Today

Y Combinator, the investment company from Silicon Valley, that provided seed investment to the numerous famous startups like Reddit, Dropbox and the crypto exchange Coinbase, is moving to conquer the Chinese market.

The Chinese division will be headed by Lu Qi, who used to be the COO of Baidu, the Chinese version of Google.

Lu Qi is very bullish on Blockchain, believing that startups are going to benefit a lot from this technology and its high potential.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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