SILICON DRAGON NEWS      @SiliconDragon               February 25, 2019         

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Rebecca Fannin, author of Tech Titans of China - BeFast.TV interview
Tech Titans of China - Author interview

Beijing Ranks Right Behind NYC As
Next Silicon Valley 

Nearly two-thirds in a recent survey of technology leaders globally believe the innovation center of the world will move from Silicon Valley within the next four years. This shouldn't be too surprising to those following the global trend of many hubs rising to the Valley's gold standard for innovation. 
But where will the next center be?
New York ranks as top of the list of cities that could be the next Silicon Valley, the survey by KPMG found. The poll was taken before  Amazon backed out of plans to have a headquarters in Long Island City. Still, the survey underscores a trend of the Big Apple gaining as a tech town as more technology multinationals call the city home, including Google
Shanghai has been ranking tops in this annual survey as most likely city to displace Silicon Valley, but slides to 5th place now.   
Read more at Forbes: A Bigger Apple 

15 Seconds of Fame
TikTok is really rocking it in the world of short video apps that sprung up in China and are now taking off in the U.S., thanks to Chinese tech innovator ByteDance. These 15-second videos set to music feature clips of users dancing, lip-syncing, acting, performing silly stunts and doing gymnastics, often with special effects like stickers that are edited in by creators. Clips are personalized to a user's video feed through artificial intelligence algorithms. Followers can like and comment on the clips. 
Millennials and Gen Z love this new social media outlet of creating, sharing and viewing short videos. With few voiceovers, this content easily travels globally. Launched in September 2016, TikTok and its Chinese version Douyin have reached more than 500 million users across 150 countries, in the same league as Instagram, Facebook Messenger and Twitter
ByteDance has created the first global digital media app that is succeeding both inside and out of China.
Read more of my article about TikTok

A new business model for shared kitchens from Panda Selected has attracted $50 million in Series C funding led by Tiger Global along with existing investors DCM and GenBridge Capital.
The concept of shared kitchens is catching on in China. It's another first invented in China business idea, and it hasn't taken hold in the U.S. yet, although former Uber CEO Travis Kalanick is working on a similar idea with his LA-based CloudKitchens.
This new delivery-only restaurant model extends the trend of a shared economy that has worked for office spaces and bicycling. The traditional restaurant model is being disrupted in China as mobile orders and on-demand food delivery have gone mainstream.
Read more about shared kitchens deal at Forbes

Video creation platform 90 Seconds nabs $20 million SIG, Airtree Ventures and Sequoia India, as short video app trend expands to India.   

China's intelligent driving startup JIMU brings in $15 million in Series B financing led by Translink Capital

Urban courier Lalamove, known as a Chinese Uber for logistics, raises $300 million in late round and joins unicorn club. The funding was led by Hillhouse Capital Group and Sequoia Capital China

Qiming Venture leads $20 million 3rd round financing of pet product startup PETKIT

Uber Eats is in talks to sell out to local Indian leader Swiggy, echo of Uber deal to back out of Southeast Asia with Grab takeover in Singapore

Entrepreneur First marks first close of global deep tech fund at $115 million for India. 

A walk through the world's tallest building tells a story of China's economy like no other. Read essay.