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New York's Global
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M&A DEALS PANEL
TECHNION IN NY
NY's TOP VCs
on the terrace
757 Third Ave.
HOST: VIP DINNER
Where Digital Entertainment, VR, VC, China & LA Connect!
A Who's Who
of Hollywood-China Dealmakers, VCs,
VR creators at the intersection of LA with the Middle Kingdom!
Bet you didn't know you get guest tickets to our VIP events, exclusively for our Silicon Dragon Circle members, a growing universe of well-connected VIPs in the center of the Silicon Dragon action.
|Hang Tung; Of the last 11 e-commerce deals GGV Capital has done, 8 are in NY
For skeptics of New York City's startup scene, it helps to have a close-up view. Rather than look at things through the lens of Silicon Valley, the Big Apple has developed its own brand of startups.
Of course, this has long been called Silicon Alley. That used to mean mostly startups centered on advertising, media and e-commerce.
But today, it's branched out to artificial intelligence, biotech, virtual reality, fintech, natural drinks, livestreaming content and mobile app for foodies, sports and drivers looking for a parking space.
Just like Stanford, Berkeley and UC Davis fed entrepreneurial talent to the Bay Area, it's Columbia, NYU, Princeton and Cornell in New York that are churning out a new generation of well-educated and well-rounded techies.
Former New York City Mayor
Michael Bloomberg put this startup movement into action -- and the new Technion-Cornell Institute that is opening up on Roosevelt Island is just one example. Indeed, Silicon Alley is much broader than the area around the Flat Iron district where it grew up the late 1990s Internet boom.
post: Does NYC have what it takes?
Chinese bicycle sharing app
MoBike has raised $600 million in a Series E round from lead existing investor
Sequoia Capital China to aim (amazingly) to bring the station-less bikes to 200 cities globally by end of 2017. Mobike has raised nearly $1 billion since October 2016. The race is among China's bike-sharing rivals to ramp up the fastest.
VC deals in the transit sector are where it's at. Chinese used car trading platform
Quiza has raised $400 million in a second round from
Sequoia Capital China (again!),
BlueRun Ventures and
Hive Capital. Used car sales are on the upswing in China as first-time drivers upgrade to their next model.
In a quantum leap forward, Chinese scientists have come up with a breakthrough satellite and physics technology that could lead to an 'unhackable' global communications network. Even the Pentagon described the advance as "notable."
China's detention of the chairman of Anbang Insurance Group and Chinese banks' curbs on sales of the company's investment products could ripple through the country's financial system. The crackdown comes as Anbang has been testing the limits on expansion and funding sources in a global M&A shopping spree that included the iconic Waldorf-Astoria hotel in New York in 2014 and talks to buy a Manhattan office tower from Jared Kushner's family.
Even the Vatican has gotten into startups! Inspired by the Pope's call for tech startups to do more social good and fight climate change, Fresco Capital founder Steven Forte started a two-month accelerator program in Rome that includes $100,000 in equity financing and a demo day in December at the Vatican. Honolulu-based agtech startup Smart Yields made the first cut and is headed to Rome.
The Asia Society of New York hosted a summit discussing the Belt and Road Initiative. Speakers included
Michael R. Bloomberg
, entrepreneur, philanthropist, and former mayor of New York City,
, president of the Asia Society Policy Institute,
Ambassador Cui Tiankai
, current ambassador of the People's Republic of China to the U.S., and
, vice chairman of the Twelfth National Committee of the Chinese People's Political Consultative Conference.
Check out Bloomberg's remarks on climate change and a
full video of the Asia Society
program. It was a packed house!
UPDATE: The Clock is Ticking!
Miranda Wang, CEO of tech startup BioCellection, won the global championshp in Beijing 2016 after she aced the NY finals. Watch her pitch!
SILICON DRAGON'S PITCH CONTEST
15 FOUNDERS HAVE WON THE CHANCE TO PITCH
Judges Q&A, Audience Feedback
Winners will be announced on stage, June 21
2 Finalists go to Beijing August 18 to compete globally
Global champion wins funding of up to $200,000 ++
To Watch The Show
Judges Jim Robinson, RRV Ventures; Brian Cohen, NY Angels
WINNER OF THE SILICON DRAGON
PITCH CONTEST 2016