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Silicon Valley wants to groom next Chinese unicorn -- in China

Airbnb coach Y Combinator joins crowd of US startup accelerators in Beijing

TOKYO -- Top U.S. startup accelerators -- businesses that provide boot-camp-like programs to develop young companies -- are expanding their presence in China despite rising trade tensions, in a sign of the growing recognition of the country as a hotbed for technology.

One of the best-known Silicon Valley accelerators, Y Combinator, which counts Dropbox and Airbnb among its alumni, announced in August it will enter China -- its first market outside the U.S.

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