There's a new batch of SVish companies coming from China. SVish in the sense that they move fast, spend large amounts of investor money, worry about profitability/sustainability/legality later, and leverage unproven technologies and business models. So in that sense, I think so yes.

In the sense that some Chinese VCs are more motivated by the Communist party's strategic concerns than by profits or idealism, and likewise for some of the resulting startups, in that sense the answer is no.