Rather than buying promising start-ups, they tend to build their own version of a popular new service.

他们倾向于在新的流行产品开发自己的服务版本，而不是购买有前景的创业企业。

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Rather than buying promising start-ups, they tend to build their own version of a popular new service.

ECONOMIST: Chinese internet companies

The danger is that private investors, in particular, will turn their backs on promising start-ups such as eBay.

ECONOMIST: Internet IPOs

In many cases, investors have had to stand idly by and watch as their most promising start-ups have been seized by the state.

FORBES: Ron Conway, Yuri Milner, Accel and Sequoia Jump To Invest In Chinese Incubator