SILICON DRAGON NEWS                                       April 30, 2018         
Silicon Dragon 
NY 2018

Now for early bird rate! 

VCs SDNY 2018
Venture Panel
China-US VCs
Hans Tung, Nan Zhou, Mason Du, Brian Cohen, Jim Robinson, Robin Li

blockchain SDNY 2018
Blockchain Innovation Panel 
Gurus Jason Fang, Lou Kerner, Paul Brodsky

Leftover in China
Book Talk
Author Roseann Lake

DJI drone leader
Tech Chat: 
Designed in China Drone Leader DJI
NY Rep Adam Lisberg


 2 NY Semi-finalists Win Trip 
To Beijing To Compete 
In Global Finals
Aug 8-10
Global Champion wins:  
- Funding Up to $200,000
- Grants, Loans
- Strategic Advice 
- Co-working Space in Beijing

Deadline to apply to pitch in NY semi-finals: June 1

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Los Angeles

China - LA 
Digital Entertainment
Capital & Innovation

On The Circuit
Speaking Gigs & 
Partner Events 

May 8-9
New York City

June 22-23

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May 9 

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China VC Reaches For Ceiling
More China funds are popping up as venture capital tilts away from the Silicon Valley epicenter and toward emerging Chinese tech startups. 
Sinovation Ventures debuted a $500 million fourth fund while Sky9 Capital launched a $200 million third fund. Sinovation Ventures, led by AI guru and former Google China executive Kai-Fu Lee, is investing in artificial intelligence, robotics and education startups. Sky9 Capital, headed up former Lightspeed China founder Ron Cao, focuses on backing early-stage Chinese companies in the Internet, enterprise and deep tech sectors.
In the wings is a new venture fund from China Creation Ventures, a spin-out by the former team of Kleiner Perkins China and led by founding managing partner Wei Zhou. Additionally,  Sequoia Capital China is raising a $550 million China venture fund, its seventh, and a $150 million seed fund for China, its first.
Wonder if it's too much capital chasing China startups? 
Read Forbes: China venture ceiling

Full Truck Alliance Group, China's biggest app for Uber-like truck services, reportedly raised $1.9 billion in funding to fuel its expansion at  a valuation of $6.5 billion with backers including SoftBank Vision Fund, China Reform Fund, GSR Ventures and Alphabet Inc.'s CapitalG. Existing investors Tencent Holdings Ltd. and Sequoia Capital also were involved in the round. 

Chinese biotech startup  NuProbe has bagged $11 million in a Series A round co-led by Sequoia Capital China and hedge fund Serica Partners, plus corporate strategic investor WuXi AppTec. 

Silicon chipmaker Innovium raised $77 million in a Series D funding from veteran chip investor Walden International.   

Want to know how competitive the cryptocurrency market is for venture capital funding? Consider that Sequoia China sued the founder of crypto trading exchange Binance for failing to honor an exclusivity agreement during negotiations, and sought an injunction against the founder, well-known as CZ, from negotiating with other investors. Sequoia had offered Binance a term sheet for a $9.5 million, Series A investment for a 12% stake in Binance. A Hong Kong court recently struck down the injunction. 

 Chinese ride-hailing leader Didi Chuxing is preparing for an IPO as early as this year at a valuation of $70 billion to $80 billion, up from its most recent venture funding valuation of $57.6 billion. Didi could beat Uber to the public markets.

Image recognition has caught on in China in a big way. Beijing airport security checks scan your passport and face at the same time before sliding your luggage through. And parking garages are scanning license plates on cars to whisk drivers through the toll gate. No more reaching for paper tickets out the car window. 

Anyone that believes that Apple will discontinue the iPhone X or that iPhone sales are down has not been to China. If anything Apple will make an X+ and make it bigger and more expensive. iPhone shipments to China were up 32% in Q1 2018, and Apple's share of the Chinese smartphone market rose to 14.3% from 10% a year ago. Cult of Mac

China cross-border e-commerce grew by 81% to reach $13.4 billion in merchandise sales - the third year in a row that growth has surpasssed 50%: China's Ministry of Commerce. 

Private equity and venture capital investments in India and Southeast Asia tripled to $18 billion in 2017 from a year earlier: Kroll and Mergermarket.  

SNAPSHOTS: Silicon Dragon Beijing 2018
April 26

VC Panel - SDBJ 2018 Harry Man    
Tantan chat SOSV chat
Networking Rebecca at SD BJ 2018
SDBJ 2018
         Above: Speakers Don Williams, Wei Zhou, Chuan Thor, Harry Man, Wayne Shiong, William Bao Bean, Sean O'Sullivan, Jonathan Rechtman, Dirk Eschenbacher, Rebecca Fannin