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Animoto may be based in New York. But the startup, which is announcing million in venture capital today, certainly has roots in the Pacific Northwest. The company’s four co-founders,?Brad Jefferson, Jason Hsiao, Stevie Clifton and Tom Clifton, graduated from Bellevue High School in the 1990s. And its early investors include Madrona Venture Group and Amazon.com.

Anton's views were echoed by Aldo de Pape, founder of the London-based Teach Pitch, an educational technology company and member of the Silk Ventures accelerator. "The connections Silk Ventures helped us establish in China was instrumental to our growth," said de Pape.

Antonio Villafranca, research coordinator and co-head of the Europe and Global Governance Centre, Italian Institute for International Political Studies, speaks via video at the Global Think Tank Webinar -"Stronger together: Global recovery from COVID-19" in Beijing on July 29, 2020. [Photo by Feng Yongbin/China Daily]

Another point is the center is small and medium-sized enterprises friendly. In the past, considering the cost, local suppliers may not accept small orders from abroad. Now the center will act as a platform gathering together those orders from small and medium, or even micro, sized companies as a big one and send to suppliers.

Aplus Capital and Chenshan Capital have invested 125 million yuan (.5 million) in the Beijing-based Xiaomai. The company plans to use the funding to build up its supply chain and upgrade its products and system.