American seed accelerator Y Combinator recently announced its China plans and appointed Baidu’s former COO Lu Qi as its CEO, according to a Chinese media report. Founded in 2005, Y Combinator has invested in more than 1,900 start-ups with a total valuation of US$100 billion. Its portfolio includes  companies like short-term rental platform Airbnb Inc., file hosting service Dropbox and social discussion website Reddit. Y Combinator China will also raise capital to invest in early-stage projects. In an interview with the …

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