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An unbearable burden

And Seattle doesn’t begin to compare with Silicon Valley when it comes to venture capital. In this year’s first half, Silicon Valley firms got .1 billion for 598?deals, versus the Pacific Northwest’s 0 million for 70 deals, according to the Money Tree Report from Pricewaterhouse Coopers. The second-largest recipient of VC funds, the?New York metropolitan area, got .1 billion in 260 deals.

Analysts said Alibaba's profit may have dropped due to the group's diversification that required investments in new business segments like media, entertainment and cloud computing.

Analysts say the action on joint ownership of companies is significant because, until now, the rules have limited carmakers' appetite for investing in China.

And there are signs a market could be out here, despite turbulence in precious metal prices.