Los Angeles: March 19
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Silicon Dragon 2020
Los Angeles Dinner:
Sydney, March 25
Hong Kong, April 22
New York, June 18
Los Angeles, July 29
Silicon Valley, Oct. 2
+ more to come!
Silicon Dragon is covering the Asian Financial Forum and HKVCA in Hong Kong this week!
NEW DATA: 2 VC Superpowers?
A gap has opened up between the two superpowers of venture and tech. In 2019, first figures show that venture capital in China nearly fell off the charts. But not the same for the US, where venture fund raising and deal flow remained fairly stable. Here's an early look at the numbers, China and US, side by side. Clearly, the tech cold war, Chinese economic slowdown and lower deal valuations are having an impact on China venture. There has been a lot of easy money chasing deals. Now, it could be too little money on the chase, and startups could be starved.
China VC Fund Raising
# of funds Amount Raised in Billions
218 $32.9 B
81 $13.8 B
US VC Fund Raising
2018 468 $40.5 B
2019 386 $46 B
VC-Backed Deals In China
5356 $107 B
3348 $48.6 B
VC-Backed Deals in US
2018 5656 $102.4 B
2019 4633 $105.3 B
Silicon Dragon Rocks
CES 2020 in Las Vegas!
Fireside Chats: Global Tech Titans
, Partner, Global & US Technology, KPMG
Tim Danks, VP of Risk Management & Partner Relations, Huawei Technologies USA
, Senior Marketing Manager &
, Product Manager, Facemoji,
KPMG's Zanni covered some preliminary findings from the firm's annual technology innovation survey.
He noted that New York City, Beijing and Tokyo scored exceptionally high as leading hubs while London, Shanghai and Taipei also factored in among the top 10 cities cited. New York City's high placement was partly due to Amazon's early decision to base some operations there, later withdrawn.
Zanni further highlighted the domination of U.S. tech companies known as the
FAANGs (also Chinese ones, the BAT +) and the impact of their size and scale. Besides mobile and cloud services as key technologies, he pointed to several others on the horizon - and already here to some degree - such as AI, 5G and IoT.
Huawei's Tim Danks spoke about the rise of innovative Chinese tech titans and their impact globally while also discussing the US-China tech cold war. He highlighted the company's long-range
strategic goals in the roll-out of 5G telecom, the development of its own smartphone operating system, and the next priorities geographically and technologically.
Josh Fenn and
Chris Cheung of
Baidu honed in on the tech titan's reach into international markets with branding efforts for entertainment and social media companies and advertising for China-based digital marketers looking to reach American markets. Baidu is even helping Hollywood producers
Paramount Pictures promote their film releases with voice-activated keyboard apps for smartphones.
pinpointed the role of the Hong Kong Science & Technology Park as a catalyst for his startup's success as a developer of low-cost thermal sensors primarily used for IoT devices and smart appliances in emerging markets. His company has raised $6 million in financing so far.
In the wake of the U.S.-China tech cold war, large Chinese brands and long-time China venture investors were noticeably low profile at the recent Consumer Electronics Show. That's understandable given the ongoing tensions over China's rise as a technology innovator, its threat to Silicon Valley dominance, and ongoing regulatory issues over Chinese tech investment in the U.S.
Elsewhere at CES 2020, smart cities and smart home devices (especially those made in South Korea) were definitely in, thanks to Samsung and LG. Hyundai launched a swift-looking passenger-flying drone.
Elsewhere, India brought a delegation to CES for the first time!
And Chinese electric scooter maker
released a self-balancing three-wheeled electric motorcycle TQi and an urban electric motorcycle RQi that can go up to 100 mph - both firsts. And, both support 5G communication.
DEALS IN THE WORKS
China's social media and e-commerce startup Xiaohongshu, or "Little Red Book," is in early talks to raise funds at a valuation of about $6 billion.