It stated it would revert to its original strategy of supporting companies from its Silicon Valley headquarters.

[1][2] Lu and the members of YC China then established MiraclePlus as an independent firm.

It had already start fundraising six months prior to YCs formal announcement when it was still part of YC and had opened its first startup incubation program in China.

After MiraclePlus became independent it continued to acquire funding with its investors including Sequoia Capital, University of Michigan and Liu Qiangdong.

[4] According to Lu, the aims of the incubation program is to accelerate product-market fit and to help startup companies survive longer.