Hans Tung, Managing Director at GGV, Ji Yue, Partner and Managing Director at Sequoia Capital China, Li Feng, IDG Capital Partners, and Zhu Lin, General Partner at Gobi Partners, joined our 2014 TechNode/TechCrunch China event that shared their insights on China tech scene.

Here are my takeaways,

There were way many more investments happened in the first half of this year in both Silicon Valley and China than the last whole year. And Chinese startups were valued very high, even higher than those in the US. The smart device and mobile service provider Xiaomi, being a private company, now is valued at over US$5 billion. For a long time, money will chase the quality startups.

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com