SILICON DRAGON NEWS
SiliconDragonventures.com                                           Dec. 28, 2016

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Chris Evdemon
Sinovation Ventures

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  Rebecca Fannin, LA 2016
         
 

  Trump rooster in China To help ring in the Chinese New Year - and with 2017 being the Year of the Rooster - China's Shanxi province has turned Trump into a giant rooster. The giant "Trump Rooster" statue features a rooster that looks startlingly like the president-elect.
It has Trumps' infamous hair, angry scowl, and even the same hand gestures.

It's time for Silicon Dragon's Year-In-Review 2016. Among the top trends cited by Rebecca Fannin in Forbes:  Silicon Valley Goes Global.

China consumer tech year in review: Alibaba, Tencent, LeEco, Wanda lead the way via Forbes, in a column contributed by Michael Zakkour.

Meitu IPO in HKG Meitu, a Chinese maker of an app for editing selfies, has raised $629 million in a Hong Kong IPO that valued the company at $4.6 billion. While aiming for an IPO of $5.23 billion, Meitu still ranked as Hong Kong's largest tech IPO since Alibaba in 2007.

More than one-quarter (26%) of US-based unicorns have an investor from Taiwan, China and Hong Kong

Wang Jianlin, the billionaire owner of China's property-to-entertainment conglomerate Wanda Group, has warned Donald Trump that more than 20,000 U.S. jobs will be put at risk if  Trump "mishandles" Chinese investment in the U.S.

Don't be surprised to see a wave of mega-mergers in 2017 among the big three food delivery apps in China: Meituan, Baidu Waimai and Ele.me

Shenzhen is gaining a reputation as the Silicon Valley of China -- no kidding!
 
Data and analytics has caught on big-time in China for strategizing, finds a KPMG survey of CEOs in China.

Victoria's Secret How Victoria's Secret Blew It in China with a dragon theme that really misfired. 

Why U.S. tech brands Facebook, Google, LinkedIn, Microsoft, Apple, Amazon will continue to struggle to break into the Chinese market.

Warburg Pincus has raised a China-focused private equity fund of $2 billion after six months in the market.

Chinese internet giant Baidu is planning an IPO of its video-streaming site iQiyi.com that could value the unit at up to $5 billion.

Aihuishou, a smartphone and consumer electronics recycling startup in Shanghai, has raised $58 million in Series D funding co-led by Cathay Capital and Fortune Venture Capital Co. 

ISRAEL -- CHINA
Pitango Venture Capital has closed its seventh early-stage venture fund, at $175 million and focused on AI, digital health and IoT.

Dragonera, an AI-powered software development platform in Tel Aviv, has raised $3 million in seed funding led by Tencent-backed Singulariteam.

Lumus, an Israeli maker of augmented reality wearable displays, has raised $30 million in additional Series C funding from  HTC and  Quanta Computer.

INDIA
Uber expects to see profit soon in India amid a fierce battle with Ola, says co-founder and CEO Travis Kalanick, who claims he will apply for Indian citizenship if necessary in order to compete locally. 

Lightbox India Advisors in Mumbai has tacked on $54 million to its second fund totaling $100 million. 

Indifi Technologies, a Gurgaon-based startup for financing small enterprises in India, has raised $10 million led by  Omidyar Network.


 

 

Read More Silicon Dragon News Here  

   
FEATURED VIDEOS

Interview: CCTV America Interview: How China Is Set To Be The Next Silicon Valley

CCTV America Interview with Rebecca Fannin: How China Is Set To Be The Next Silicon Valley


     NBC Today Show previews 5 products to look for in 2017. PogoCam, a tiny camera that seamlessly attaches to eyewear, is featured. Legendary tech investor Harry Edelson chairs PogoCam, which is launching at CES.