I thought he was starting a Y Combinator alike venture company in China.<p>Today they released some documents<p><a href="http://www.innovation-works.com/Media.asp" rel="nofollow">http://www.innovation-works.com/Media.asp</a><p>I dropped my jaw when I read they will actually HIRE technicians and organize them to teams to work on different ideas (most probably not devised by technicians themselves).<p>It is not a venture company that invests in others, it is a conventional start-up company itself. Shame on them to call it a venture company.<p>As a student in China with a promising idea and some code written last year, I was looking forward to this, so disappointed right now.