Launching in China was a stupid, shamelessly greedy and ultimately embarrassing decision to begin with, but it's good that they've changed course.

To those who have been living under a rock for the past thirty years: The PRC is a genocidal, expansionist ethnostate that tortures and kills those it deems enemies, which is everybody who isn't ethnically Han and supportive of the leader of the Communist Party. YC knew this when it opened an office there.

My real question is - now that you've invited them in and shown them around, will they create a state-owned YCombinator of their own? It'll be interesting to see how elite state-owned venture capital will work.