LA's Digital Entertainment Scene
Meets China Meets Tech Innovation:
Gaming, Social Media,
"Hollywood must think
bigger about China"
The Joy Luck Club
Empire of the Sun
could SkyTran work
An LA Lean-In
Guru in China
Famed author of "
Don't Marry Before Age 30"
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East West Bank
AI Superpowers With Kai-Fu Lee
I've been reading a new book by AI expert
Kai-Fu Lee with great interest. The book,
AI Superpowers, which is due out this September, underscores a race between China and the U.S. for AI's development. It delves into the tech innovation upgrade and entrepreneurial energy that are leading China to catch up to the U.S. leadership position in AI at an astonishingly rapid rate.
This insightful book by Lee who is both an AI pioneer and
a China venture capitalist as head of tech-savvy
in Beijing lays out how China is set to dominate the AI era due to having more data. It's a wake-up call for Silicon Valley, a message I understand well as the author of
, published a decade ago when most Sand Hill Road VCs did not want to hear that the Chinese are coming.
Lee has led AI groups at
Microsoft, Google and
Apple in both the U.S. and China and have invested in next-generation high-tech Chinese companies. He's in a good position to write knowingly about AI and China's ascendancy, and how competition between these two superpowers is heating up. Well known in China for his influential micro-blog on
Weibo (China's equivalent to
Twitter), Lee tells the story clearly about a new world order in technology that could put China and Silicon Valley on the same level in AI.
Tickets may be purchased here and include a signed copy of AI Superpowers.
500 Startups Does Its Own Mary Meeker-Like Internet Report, Just For China
Edith Yeung is fashioning herself as a
Mary Meeker documentor of tech trends, except just focused on China.
Her massive new China Internet Report is filled with statistics on China's Internet landscape: lists of top Chinese unicorns, most active investors, IPOs, acquisitions and startup cities along with charts on the number of Internet and smartphone users.
What's really useful about the report is that it does some side-to-side comparisons of China and the U.S. A diagram of leading Internet players dissects how Chinese and American brands stack up in search, shopping, payments, ride-sharing, messaging and other leading tech sectors.
Yeung, a partner and head of China for
500 Startups, delves into four key trends she sees evolving in China.
To read more, check out
China Internet Report
China's super fast growing e-commerce group
mashup, is targeting up to $1.63 billion for a U.S. IPO. Backed by
Sequoia Capital China
, the startup has cracked the market for budget-savvy consumers eager for a deal with fun and interactive shopping experiences.
CIIT Asset Management
its facial recognition system
moving into major Southeast Asian markets
The VC arm of China's Internet giant Meituan-Dianping, Longzhu Capital, has closed a $300 million first fund. Backed by Tencent, China Merchants Capital and Noah Holding, the fund will invest in catering, retail and local services.
China's penetration of Silicon Valley creates risks for startups. More than 20 Silicon Valley venture capital firms have close ties to a Chinese government fund or state-owned entity. While the U.S. government is taking an increasingly hard line against Chinese acquisitions of U.S. public companies, investments in startups, even by state-backed entities, have been largely untouched -- so far.
Connie Chan, who leads the Asian network at
a16z writes on Twitter: M
any of our companies have seen great success working with Chinese investors and strategics, and we continue to encourage these cross-border win-win partnerships.
Wang Gongquan of CDH Fund, a major VC/PE fund in China, said on his WeChat that "the 3-month stock price performance of Xiaomi and Meituan will determine whether or not the current bubble in Chinese Internet bursts or the dreams of explosive growth continue on."