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Leading US startup incubator Y Combinator shutters China unit

Former China team to continue operations independently with new fund

Lu Qi, a former Microsoft and Baidu executive, led efforts to establish YC China. Now he is taking over its successor, MiraclePlus. (Photo courtesy of MiraclePlus)

PALO ALTO, U.S. -- Amid escalating U.S.-China tensions over trade and technology, Y Combinator, the high-profile Silicon Valley startup incubator, said on Thursday that it will close its Chinese arm to focus on its domestic operations.

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