Microsoft launched Microsoft Ventures Accelerator Shanghai this Tuesday together with Shanghai Xuhui District government and state-backed electronics company INESA.

It’s the latest in a global network of Microsoft-backed accelerators. A total of eight acceleration programs, including the newly established on in Shanghai, have been launched in global startup hubs including Beijing, London, Bangalore, Berlin, Paris, Seattle and Tel Aviv.

The Microsoft Beijing accelerator has currently seen 126 projects graduate, providingservices to 500 million users since its establishment in 2012, according to the company. They noted the combined valuation of these projects is 38 billion RMB ($5.8 billion USD).

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.