Eye on 2020 Trends in
Dixon Doll, Impact VC
Olivia Wang, ZhenFund
Ming Yeh, CSC Upshot
Jonathan Qiu, Fosun RZ
Phil Libin, All Turtles/
former CEO, Evernote
Alliance Development Group (ADG)
Fosun RZ Capital
Qiming Venture Partners
Individual and Corporate Memberships Good
On The Circuit
Hong Kong 2019
SAVE THE DATE!
Just a few years ago, China's tech titans were investing mega sums in top US tech startups:
Uber, Lyft and
But 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.
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.
10 DISCUSSION POINTS: Eye on 2020
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
Predictions for IPOs, VC deals, funds for 2020
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,'"
"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."
In 2018, China venture funds climbed nearly 8 percent in to $23.6 billion, according to
The peak was 2016 at $44.7 billion.
With new funds from
Chinese 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.
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.
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