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A few years ago, Wang Yi was still struggling with the American dream.He graduated from Princeton University, found a job at Google and bought a spacious apartment in Silicon Valley.
However, on the day of 2011, he let his wife sit at the kitchen table and told her he wanted to move back to China.He became tired of working as a product manager in the search giant and had an impulse to start a company in his hometown. So, it is still not an easy task to persuade his wife to abandon California and return to Shanghai.
'We just found out she was pregnant,' recalls Wang Yi, 37, when he was back and forth in the apartment for a couple of hours.'We were very upset in the weeks before making the decision, but in the end she Still coming.
His bet rewarded him: "He was fluent in the English fluency applied by his teaching English. He raised $ 100 million in July last year, bringing him to a growing list of successful alumni returning to Silicon Valley for a better future From Facebook to Alphabet 's Google Inc, Silicon Valley giants are facing a loss of China' s technology talent, and Wang Yi 's decision is a microcosm of this trend.
Chinese talent trained by the United States is becoming a key force in promoting the global expansion of Chinese enterprises and is also the backbone of China's efforts to lead next-generation technologies such as artificial intelligence and machine learning.Chinese university graduates previously held eminent overseas careers, work and foreign nationality, and now they have Many people tend to seize the opportunity to return to work because in today's China there is plenty of venture capital and the government is willing to provide financial incentives for cutting-edge research.
'More and more people are coming back because China really has a good momentum of growth in innovation,' says Ken Qi, Head of Headhunting and Technology Practice at Spencer Stuart. 'It's just the beginning.' '
People who return to China after working or studying abroad for a long time are called 'turtles' (homophonic 'returnees'). Although working for the U.S. technology giants can bring unparalleled status, they now serve local businesses - from Internet giants Tencent holding companies to news giants such as the rising star - but also envy.Unlarly, Baidu in the eyes of only a Chinese search giant, the other little-known business, since former Microsoft executive vice president Lu Qi joined Baidu After running the AI division, he has become the most dramatic returnees in recent years.
The sudden emergence of Alibaba Group as a catalyst for the return of overseas workers, the e-commerce giant in the United States in 2014 completed the world's largest initial public offering, to promote the scale of domestic enterprises and innovation capability Alibaba and Tencent now among the The list of the 10 most valuable companies in the world goes hand-in-hand with companies such as Amazon and Facebook.China's venture capital competes with its American counterparts: three of the world's five most valuable startups are based in Beijing, not in California .
In 2017, 1,821 people jointly participated in a survey conducted by think tank China and Globalization Center and recruitment website Zhaopin. The results showed that science and technology have replaced finance and become the most attractive attraction for returning overseas workers. In return motivation Accounting for 15.5% of the total, up 10% from the 2015 survey data.
Not everyone chooses to abandon Silicon Valley: A 2017 report from LinkedIn shows that 7.9% of the more than 850,000 artificial intelligence engineers in the United States are Chinese, including many of whom are Chinese who do not have strong links with the mainland or People interested in working there, however, there are more Chinese-speaking engineers than their Chinese counterparts in the AI field in the United States, although the former only accounted for 1.6% of the U.S. population.
However, finding returnees overseas has brought prosperity to the headhunting industry, where headhunters and engineers talk to each other and launch maps in the micro-channel and Facebook immigrant groups. Luki's job offer is concise: If you have made permanent residency there is no Children or children ready to go to college, may wish to send a resume online.
For the past three years, Jay Wu has dredged more than 100 engineers for Chinese companies, and the Global Career Path partner at Silicon Valley headhunter opened an online community of online students before he became a career headhunter In San Francisco, more than a dozen WeChat groups are used to mine leads.
"WeChat is a very good channel to pay close attention to what's happening in the area and to broadcast offline activities," he said. As a graduate of the University of California at Berkeley, Jay Wu has worked for Alibaba Group, JD.com and Ctrip Hosted recruitment activities.
It is no easy task to dig up Cupertino or Mountain View technicians in Beijing, but the tech giants here have three magic weapons: fast-growing salaries, opportunities, and a home-like feeling.
China's cyberspace is in the midst of a bubble, and Internet companies often pay more than their American counterparts, and one start-up is said to have hired an artificial intelligence engineer to provide him with a total of $ 30 million worth of cash and stock in four years .
Chinese companies are moving toward engineers who do not want to relinquish comfort in the US Alibaba, Tencent, Uber's rivals Drop Drives and Baidu are building or expanding labs in Silicon Valley.
However, there are more career opportunities after returning home.Although there are many Chinese engineers in Silicon Valley, the promotion is very difficult, a phenomenon known as Bamboo Ceiling.
"More and more Chinese technicians who have been in Silicon Valley for a while will eventually find it much cheaper for them to join a fast-growing Chinese company," said Hans Tung, a venture capitalist with venture capital management. "There are some Chinese technicians who are thinking of 'leaving behind or going back' whether they are on Google, LinkedIn, Uber or Airbnb.
Asians hold about 30% of professional jobs, but fewer are promoted to executives and managers Asians make up about 30% of professional jobs, but there are fewer people to executives and managers As compared to career prospects, some are pure Is even more interested in the size of China's private data and the convenience of space experiments.Today, Weixin's WeChat is ubiquitous, but it was built in a few months by a small team that has become an in-house creativity For example, start-ups SenseTime, in conjunction with the public security department, have access to all information about faces, races, etc. Follow up.
China's 751 million Internet users have become a huge petri dish, and for those who are eager to make the theory a reality, large sums of money and vast amounts of data are irresistible temptations.
'I did not go to the United States to own a big house, I went to solve some interesting problems,' he said.
There are also some interpersonal problems: the fact that technicians do not deny that there is a greater cultural divide between Shanghai and San Francisco except for 11 hours of flight.
Yang Shuishi, a native of Chongqing, found the coveted job of becoming a software engineer at Microsoft's Redmond campus, but the sparsely populated suburbs of the United States are not suitable for bachelors, though they have worked for years at Google and Facebook , But boring life so that he eventually chose to return.
'You're just a mere cog in a huge machine and never see a bright future.My friends have returned home and they are optimistic about China's economy and the huge social trends,' he said. 'Even if I am out of air pollution Longevity of life, returned to China better than staying in the United States.