Beijing is home to the most new software companies created outside the U.S. since 2003 and valued at more than $1 billion, Atomico, a venture capital investor, said on its website.

The Chinese capital is the base for 17 of the companies, including Internet security provider Qihoo 360 Technology Co. (QIHU), said Atomico, led by Skype co-founder Niklas Zennstrom. Northern California’s Silicon Valley area has the largest pool of big software companies, with the region accounting for 39 percent of all large software firms worldwide.

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