This morning's roundup of the latest venture capital news and analysis across the Web:

Google appears ready to throw in the towel in China, the Wall Street Journal reports, a decision that has broad implications for all technology companies doing business there. The search company is likely to make a decision to close its Chinese-language search site within weeks, according to a person familiar with the situation. Comments on Fridayby Chinese Minister of Industry and Information Technology Li Yizhong reinforced expectations...