Disruptive Tech In The U.S. Gets China Twist

Mike Cagney of SoFi has China funding via Renren

Mike Cagney of SoFi has China funding via Renren

China tech is going global. You don’t have to look far to see the signs. As one of the bigger indicators, China’s tech titans are investing heavily in U.S. tech startups, particularly those with a disruptive edge.

Marketplace lender Social Finance (SoFi) in San Francisco has funding that has its roots in China. Joe Chen of Chinese Internet company Renren  is SoFi’s earliest investor and one of its largest backers too.

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