baidu

Over the last decade, Los Angeles has developed one of the leading startup ecosystems in the world. Venture capital investment in the city's startups has grown dramatically, and an increasing share is coming from Asia.

Major Chinese companies including Baidu, Tencent, Alibaba and Wanda Group have invested in local startups, many of which want to gain a toehold in key Asian markets. Wavemaker Partners, which is co-headquartered in Santa Monica and Singapore, recently announced the close of its third and largest fund focused on Southeast Asia.