Y Combinator Reveals Ex-Baidu Blockchain Bull Qi Lu as CEO of New China Division

The Ex-COO of ‘Chinese Google’ Baidu and blockchain bull Qi Lu has joined Y Combinator (YC) to run the company’s new China-based division, according to a blog post August 14. Y Combinator –– the major Silicon Valley-based entrepreneurial accelerator that funded such startups as Dropbox, Airbnb, Coinbase, Reddit, among others –– announced that is has officially entered the Chinese market, launching a new division of the company there. The company also announced that the new division will be launched and run by ex-Baidu exec Qi. In the announcement, YC president Sam Altman said he expected Qi to “build a long-term local organization that will combine the best of Silicon Valley and China and create a lot of innovation.” Altman added: “Qi embodies all of these values, and China has been an important missing piece of our puzzle — the entrepreneurial energy and talent there is an amazing force.” In an…

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