Forum & Dinner
VCs Helen Wong
Joshua Wu + more!
Thanks to sponsors
Sidley, WeWork, WeChat
Gary Rieschel, Qiming
Hans Tung, GGV
for Best SF Event Rate
New York City
September 9, 2017
BRAIN POWER ACTION
Artificial intelligence is taking over virtual reality as the hottest startup field in Silicon Valley circles. Two new developments in AI caught my eye.
Leap.AI, an AI startup focused on helping job seekers and employers make a perfect match, has been formed by two ex-Googlers with $2.4 million in funding from Bob Xu
and other stars.
CEO Richard Liu will tell all at Silicon Dragon Valley 2017,
And, here comes a new $150 million fund just to invest in AI startups. Who better to lead it than AI guru Andrew Ng, formerly chief scientist at Baidu and Google Brain founder. Read Forbes:
A Baidu spinout, Chinese K-12 online education company Zuoyebang, has snared $150 million in Series C funding led by H Capital, with Tiger Global Management, Sequoia Capital, Legend Capital and GGV Capital.
Er Geng, a short video content producer located in Hangzhou, has raised $14 million in Series A funding led by Jack Ma's private equity firm Yunfeng Capital along with Source Code Capital.
Trucking deals in China were suddenly all the rage: a truck logistics startup picked up $56 million while an autonomous-driving truck service nabbed $20 million.
Zai Lab, a developer of drugs for the China market, has filed for a $115 million IPO, trading on the Nasdaq under ticker symbol ZLAB. Previous investors include Sequoia and KPCB.
becomes the first listed China bike-share company after raising $87 million via an IPO in Shanghai as it pedals afters
closed on $50 million for a new SEA fund of $200 million with 3 Asian LPs.
Gobi wasted no time leading a $27 million investment in Indonesian fashion e-commerce startup
Israeli VC firm Carmel Ventures is raising a new fund, its 5th, after China's Baidu, Qihoo and Ping-An funded its 4th.
Jack Ma's Yunfeng Financial
is hurtling into the insurance market with a teaming up with a $1.7 billion buyout of the Asian unit of MassMutual.
Caesar's becomes the first strip operator to launchWeChat Pay for Chinese visitors.
Chinese drone maker
is tightening its data security after the U.S. Army ordered its members to stop using DJI drones due to potential cyber vulnerabilities.
has cleverly struck a deal for search and ads to funnel users looking for products to online retailer JD.com. The deal bypasses JD rival Alibaba, an indirect competitor to Baidu's search business
Overview of the impact that
is having on global tech investing
with his $93 billion
For more funds, deals and notes, click trending
Wei Hopeman, managing partner,
As Chinese firms expand, it's a double-edge sword for their VC funds due to overfunding and valuation inflation:
Silicon Dragon At Beijing
participated as an overseas partner in the annual Overseas Talent Entrepreneur Conference in Beijing. Here,
(right), a co-founder of east coast biotech startup
accepts a prize for an "excellent project" in the first place category in Beijing.
Silicon Dragon also sent New York pitch competition winner
Alexandra Iosso of
Dagmy Motors to the Beijing competition, where she met with potential investors.
The global championship went to genomics startup Hu Xiaoming, led by CEO/CTO Dr. Tim Hu in Boston.
Startup founders who wish to pitch at an upcoming Silicon Dragon contest in Silicon Valley, Oct. 2, or in Hong Kong, Nov. 16, should contact: