SILICON DRAGON NEWS      @SiliconDragon               January 21, 2019         

Silicon Dragon
Valley 2019
Eye on 2020 Trends in
Sino-US VC
& Tech
January 24

Dixon Doll, Impact VC

Olivia Wang, ZhenFund
Ming Yeh, CSC Upshot
Jonathan Qiu
Jonathan Qiu, Fosun RZ
David Lam, 
General Atlantic
Phil Libin, All Turtles/
former CEO, Evernote 

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Gary Rieschel, 
Qiming Venture Partners

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Hong Kong 2019
April 17


Just a few years ago, China's tech titans were investing mega sums in top US tech startups: Uber, Lyft and Magic LeapBut in 2018, China investment in U.S. technology deals dropped 79 percent to $2.2 billion from $10.5 billion the year before, according to S&P Global Market Intelligence, while the number of deals declined to 80 in from 89. The peak was 2016: 107 China tech deals in the U.S. totaling $18.7 billion.
Now  Baidu, Alibaba and Tencent (or the BAT) have turned to smaller transactions that advance their core business: artificial intelligence, e-commerce and games. 
China-to-U.S. tech deals have become harder to do under the Trump Administration's crackdown on foreign investment in critical technology such as autonomous driving and semiconductors. But deals are getting the OK, if structured the right way.
See Forbes, China to US Tech Deals.  
We will discuss this new era for China-U.S. M&A at 
Silicon Dragon Valley 2019, January 24. 


1.  Impact of US-China trade and tech tensions on Sino-US venture fund raising and investment
2. When will the venture bubble burst? 
3. Continued leadership of China tech by the BAT
4. New innovations from China catching VC $
5. Growth of China enterprise market
6. AI revolution + biotech + mobility
7. Promise of 5G technology and VC outlook
8. New China business models catching on in West  
9. Bi-polar US-China venture and tech ecosystem
10 . Predictions for IPOs, VC deals, funds for 2020
Join us January 24 in Silicon Valley

Redpoint China Ventures raised capital for new funds: $300 million for startup investments and $100 million for growth stage and break-out portfolio companies focusing on China's consumer, enterprise, and emerging tech sectors including AI, robotics and autonomous driving.
Redpoint China raised the capital in three months, bringing the firm's institutional investors to more than 30, double the number from its inaugural $180 million fund two years ago, founder and managing partner David Yuan noted. 
"The fund-raising climate for China-focused funds is increasingly bifurcating between 'has and has-not,'"  Yuan commented.  "First-time managers are experiencing increasingly significant challenges in raising money. Many LP's with China mandate have already reached fully allocations, and can only add on new managers when there are slots open."
See Forbes: Redpoint's $400 million 
In 2018, China venture funds climbed nearly 8 percent in to $23.6 billion, according to  Preqin.  The peak was 2016 at $44.7 billion.  
With new funds from  Lightspeed China  and  Redpoint ChinaChinese venture fund raising for 2019 is off to a solid start and zeroing in on top firms.

Chinese AI tutoring service DaDa has hauled in $255 million in Series D funding led by Warburg Pincus

Tyto Care a tele-health company for remote China areas, picked up $9 million from strategic investors Sanford Health, Itochu and Shenzhen Capital Group. The funding expanded a 2018 round led by Ping An Global Voyager Fund, bringing total Series C funding to $33.5 million.  

Sequoia Capital India has led a $25 million funding of insuretech startup TurtleMint in Mumbai. 
  Huawei's new campus in Dongguan has European-like
towns and a tram connecting them.
Canada's Rip Van Winkle story: We were asleep to the existential danger that China is, and now we are waking to it. We might have slid back to sleep, but China's aggression is affecting us just like the 'snooze' feature on an alarm.   Globe and Mail reader comment .
TechBuzz China talks about how three new competitors to WeChat seek to capitalize on its weaknesses.
By the way, use code  SDValley2019Buzz for 50 percent off on  tickets to Silicon Dragon Valley 2019