Host Gary J. Ross talks with Art Dicker, senior counsel at R&P China Lawyers, about venture capital in China, the second-most active venture capital market in the world. Gary and Art discuss the growth of the venture capital industry in China; differences between venture capital in China vs. the U.S., including China’s trend of liberal spending at a loss to grab market share; the growth of localized Chinese venture capital funds backed by RMB instead of USD; and how foreign companies can operate in China by using variable interest entity (VIE) structures.