SILICON DRAGON NEWS                                       Dec. 11, 2017         


Silicon Dragon Valley 2018

Venture Investment & 
Innovation Experts

bitcoin China

Silicon Dragon Salon NY 2017

Gary Rieschel



S ilicon Dragon
at CES
Hans Tung
Las Vegas
January 9
 Hans Tung, GGV Capital

Partner Event
Next China
 Promo Code: INDIV
New York City

Silicon Dragon 
Israel 2018
VIP Dinner
Tel Aviv
January 29


Speaking Gigs


Pre-Money  Investor


San Francisco

December 5


PreMoney panel  with VCs Edith Yeung, Phil Chen, Chris Evdemon


IBA 2017
Investing In Asia

New York City

December 8


IBA panel NYC

 Rebecca Fannin with International lawyers and dealmakers CK Kwong, Ellie Altshuler, Alexandra Neri, Vishal Gandhi,

Porter Bibb


Silicon Dragon 
Gideon Marks Rebecca
VIP Invitations,  Intros! 

Rebecca Fannin with
Israeli -US tech investor
Gideon Marks
Call It Prescient If You Want:
Alibaba Investing In AI Startup SenseTime

SensTime tech chat Nov. 2017
As Silicon Dragon reported back in early November, hot AI startup SenseTime Group was getting ready to raise a next round of funding before the end of this year. CEO Xu Li told me then that the amount could surpass its previous intake.
Now Alibaba is investing $227 million in the Hong Kong-based startup that focuses on artificial intelligence research and has multiple advanced technologies for facial recognition, machine learning and smart city systems.  Alibaba seeks to become the largest investor in SenseTime, which started out in 2014 at the Hong Kong Science and Technology Park.
With the financing, SenseTime plans to open a R&D center in the U.S. An IPO is in the wings.
Call it prescient but Silicon Dragon presented its annual  Founder of the Year Award  just last month to SenseTime co-creator Dr. Xu.
Check out the
 tech chat video  between the SenseTime founder and his early investor Francis Leung of Luminary Capital .
Read more at Forbes: Prescient


Legend Capital co-led a $105 million series C funding  for Beijing-based international travel agency,  Phoenix Travel Worldwide

Sequoia Capital China has led a pre-A round in Chinese electric car startup LeapMotor - another example of China trying to go green. 

Chinese doctor social network MedLinker has raised $60 million in Series C financing from state-owned China Electronics Corp. on top of prior funds from Sequoia Capital China and Tencent

SuperMonkey Sequoia China Capital and China Media Capital have invested in fitness chain SuperMonkey, which operates 24-hour gyms in China that are staff-less. Users can book time via WeChat and access the gym with a password. SuperMonkey runs 30 facilities in Beijing, Shanghai and Shenzhen, and plans national expansion. Look for this trend-setting type model in the US anytime soon? 


Google has made its first direct investment in an Indian startup, leading a $10-$12 million round in hyper-local concierge service Dunzo. Interestingly, the startup had been having a hard time raising Series B money from Indian VCs after taking in early funds from Aspada Investments and Blume Ventures. Google to the rescue.
Paytm has taken a majority holding in the merger of Nearby and Little, two hyper-local online platforms that introduce customers to deals from local merchants across various consumer lifestyle categories. The mobile payments and e-commerce brand Paytm, which is backed by mega powers Alibaba and Softbank, will integrate its two new services. 

Sequoia Capital India has led a $3.42 million investment in Delhi-based vehicle management startup LocoNav, which leverages AI and IoT to improve efficiency, maintenance and security of trucks. 

In Southeast Asia, ride-hailing service Grab, backed with $2 billion from Softbank and Didi Chuxing, is giving Uber a run for its money. Will this lead to a scenario such as what Uber endured in China?

China's CopyCat Image is Beginning to Fade.
Fortune magazine catches on: CopyCat
The article quotes VCs interviewed early on by Silicon Dragon, such as Neil Shen of Sequoia Capital China, who cited the example of Chinese superapp Meituan, which was inspired by GroupOn and has moved beyond with delivery and ride-hailing services.  

China still is a breeding ground for tech unicorns in 2017, with 22 private companies receiving a valuation of $1 billion or more. But that's slowing down from prior years -- 33 in 2016 and 31 in 2015, according to China Money Network. 
This year's vintage unicorns boast a valuation of $37.3 billion, accounting for more than one-third of newborn unicorns worldwide, and 38% in terms of valuation. 
China ranked second worldwide for new unicorns, next to the U.S. with 24 this year. But new Chinese unicorns ranked first for valuation at $37.3 billion, higher than the $34 billion total valuation for new American unicorns. 

Can China Control Bitcoin?   Bitcoin
It is trying. But the cryptocurrency is bigger than any one country, even the one where it is most popular.  
MIT Technology Review
does a deep dive into the decentralized digital currency, and quotes Bobby Lee, founder of BTC China (who was a featured speaker at Silicon Dragon's flagship event in Hong Kong in 2014.) 
At the same time comes news that Australia's Parliament has approved laws regulating digital currency exchanges for the first time -- in what was called a major milestone for the burgeoning sector Down Under.