Can Asia out-innovate America?

Go East, young entrepreneur! The chance to become rich and famous with a startup is no longer just an American dream. It’s happening in Asia too, as talent, energy and resources flow from the U.S. to the east.

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Kleiner Perkins raises $250 million China II Fund

Venture firm Kleiner Perkins has raised a $250 million fund to invest in Chinese companies, according to a filing with the Securities and Exchange Commission. The KPBC China Fund II filing documents list chief financial officer Susan Biglieri as the company’s signatory.