Silicon Dragon LA 2019
Day 1: US-China Superpowers Debate
Day 2: LA<>China Mobilizing
VC Gary Rieschel:
"China is going to eat our lunch."
VC Hans Tung:
"China does make Silicon Valley look sleepy."
University of Toronto
MIT Enterprise Forum
Sept. 18, 24
NW China Council
US-China Business Council
How To Academy
Silicon Dragon Circle
China's Web Innovates Super Fast!
China's TikTok 15-second video apps
have caught on in the West.
Its Chinese creator, ByteDance, is the first
global web giant from China.
Read about it in
China's web differs from the West and it's challenging the world by innovating faster.
Let me count the ways. China's mobile apps offer all-in-one services, not the silo-type Western model of one service per app. Chinese apps also are more social and interactive. And they integrate e-commerce shops and sales of virtual goods as a key revenue generator. China's apps have found a big following in rural and poor areas, too -- another difference.
Here's a few examples of how China's web contrasts with
Facebook, Uber, Instagram, Amazon and
China loosens foreign ownership limits in its financial sector one year earlier than expected. As Nixon Peabody points out, these moves by China to open up its economy put pressure on U.S. and other foreign investors to consider opportunities in China before their competitors get rooted there first.
Mobilizing Innovation in SoCal
A new center of tech leadership is developing in LA linked to digital entertainment and mobility innovation, and China connections.
China deal making has slowed in Hollywood given tech and trade tensions, and it's questionable when capital flows will start again. Meanwhile, my
notes that LA has become a thriving innovation base. It's a home to
, maker of red-hot video app
and hightest valued unicorn globally, Chinese drone maker
and Chinese EV maker
Sequoia Capital China and Eastern Bell Capital pour $36 million in LCSC, an online marketplace for electronic components in China.
IDG Capital, Source Code Capital and Sequoia Capital China put $50 million in OPay, an Africa-focused mobile payments startup founded and incubated by Chinese-owned browser Opera.
Tiger Global and
Sequoia Capital India inject $60 million of funding in
Moglix, a fast-growing B2B commerce company in India.
Falcon Capital leads Series C funding in student housing operator
MyMoneyMantra raises $15 million for expansion in India from Dutch investment firm
IFSD BV and Vaalon Capital.
has acquired a 5% stake in Indian e-commerce marketplace Paytm Mall, in heated e-retail segment.
-backed esports livestreamer
raises $775 million in Nasdaq IPO, biggest China IPO so far this year.
How Douyu won the livestreaming war to become China's
The Science and Technology Board opens in Shanghai, with 25 companies trading. China is lowering the listing threshold for the new board to attract Chinese technology companies to go public at home.
VC firms are switching their focus from a crowded China to southeast Asia, a trend I write about in my new book. In Jakarta, they're often beaten to the brightest prospects. local firm, Alpha JWC Ventures, has backed Indonesia's unicorns from the beginning, ahead of Sand Hill Road players or Tencent and Alibaba.
Amazon: #1 VC Release!
Bulk book sales, publisher contact: