SILICON DRAGON NEWS                                       April 23, 2018         
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Qiming's $1.39 Billion Pot for China, US Deals
Gary Rieschel
Proving that we're in a Silicon Dragon 2.0 era, long-time VC firm  Qiming Venture Partners closed three new funds amounting to $1.39 billion: $935 million for its 6th U.S. dollar fund, ¥2.1 billion for its 5th RMB fund, and $120 million for a first-time U.S. fund investing in healthcare led by founding managing partner Gary Rieschel
The fund raising was no doubt buoyed by 9 IPOs in the past 18 months and some 20 unicorn-valued portfolio companies status such as smartphone maker Xiaomi, group buying site Meituan-Dianping and bike-sharing upstart MoBike.  

In other fund news, NIO Capital, linked to innovative, low-priced Chinese electric vehicle maker NIO, is reportedly closing in on a $500 million offshore fund to invest in automotive technologies. It's part of China's drive to become the Detroit of electric cars.

Alibaba has led a $717 million investment in rural China e-commerce platform Huitongda Network. Rival Pingduoduo raised $3 billion earlier in April from Tencent.  Rural e-ecommerce is a hotspot as Chinese tech titans chase the next promising markets.     

Sequoia Capital China has backed Beijing-based fintech and big data startup 100Credit in a $150 million, Series C funding led by state-owned China Reform Fund Management.  100Credit helps financial service providers manage loans and insurance policies. 

Investors are pouring millions into China's long-term rental housing market. Morgan Stanley led a $100 million infusion in China rental apartment operator QingKe while rival  Ziroom raised $621 million in new funding from Sequoia, Tencent and Warburg Pincus.  

Youdao, an online education spin-off of Chinese gaming company NetEase, has pulled in a $1.1 billion strategic investment from Tsinghua Holdings

Tencent co-leads $159 million investment in big data startup MiningLamp, a Series C round. 

Funding Societies , a peer-to-peer lender in Southeast Asia, has raised a $25 million series B funding from
Softbank Ventures Korea  as well as exiting investors
Sequoia India, Golden Gate Ventures and Indonesia's 
Alpha JWC Ventures

Automated scooter rentals have caught on in India, as reports surface that scooter-sharing startup Vogo is raising funds from ride-sharing leader Ola

HelloGold, a Sharia-compliant platform for trading gold, has snared its first funding, from 500 Startups in Malaysia. 

Rise Capital has led a $15 million, Series B round in GAIA, a furniture brand in Mexico that integrates online and offline shopping. It's a retail trend that's spreading globally.  

Beijing-based startup Yitu Technology is making an impression on the artificial intelligence community with its facial recognition software that is capable of identifying 1.2 billion faces. Its real-time video service was used for public security at the recent Bao Forum and the G20 Summit. China's police are using the startup's eyeglass camera system, Smart Glasses to catch criminals. Could this technology go global?     

Rankings are in! CBI Insights has compiled its own list of the top 100 venture capitalists. Several familiar pros from China made the rankings, which were compiled using machine learning and old-fashioned research: Neil Shen, Hurst Lin, Jenny Lee, Hans Tung, David Chao, Jixun Foo and JP Gan.  

Tencent led or participated in over $4 of every $10 invested in games companies worldwide in the 12-month period ending Q1 2018: Digi-Capital  
PIX: SILICON DRAGON HONG KONG 2018 Nazar_ Kyle_ Robin_ Rebecca  blockchain boys        Raymond Oh Soul Htite Nazar_ Helena_ Edwin  
Above: Speakers Robin Li, Kyle Lui, Nazar Yasin, Anson Bailey, Jason Fang, Paul Veradittakit, Raymond Oh, Soul Htite, Cyberport CEO Peter Yan