This landmark book explores and explains how China is rushing to define the future of commercial technology."
& best-selling author
Book Talks & Speaking Gigs
Overlake Country Club
Book Passage store
Cyberport VC Forum
Foreign Correspondents Club, Lunch
AmCham Hong Kong
Nov. 14, Lunch
Forreign Correspondents Club
Nov. 15, 3pm
Talks Last Week in London and Oxford
Silicon Dragon Circle
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Chinese Edtech Spin-out Dares To Go Public in NY At A Tricky Time
Chinese online education company
Youdao went public last Friday on the NYSE, testing the waters of new listings from China at a time when the U.S.-China tech cold war and trade battles continue.
Feng Zhou, CEO of
Youdao, acknowledged the market uncertainty and slowdown of Chinese companies listing now in the U.S. Last year was an eight-year high, with 32 Chinese companies going public in New York. Zhou emphasized that management of this spin-out from Nasdaq- traded NetEase is looking to the long term and wanted to capitalize on the growth of the online education market in China. "At least we are not doing trade-related businesses," he said.
Was Sequoia's legendary VC:
China - "too far, too foreign!"
I recall interviewing legendary venture capitalist
at his office along Sand Hill Road some 15 years ago, before Silicon Dragon existed.
When I asked him if Sequoia, a top-performing venture firm focused on U.S. tech, would ever invest in China, his answer: "No, China is too far and too foreign."
Today, when I learned of his death at the age of 87, I remembered his conviction.
Fast forward a few years from that interview, and
Sequoia Capital China had invested in several of the hottest Chinese tech startups. As many as 14 of the China affiliate's portfolio companies went public in 2018 alone. One of Sequoia's biggest hits was Chinese superapp
Meituan, which I profile in
Read More at
Bejing beat San Francisco for the highest number of unicorns, 82 compared with 55 in 2018, according to a new report by Shanghai-based publishing group
Hurun Report. Likewise, China just surpassed the U.S. with 206 unicorns next to 203 for America. This is the first time that China has edged out the U.S. on this score.
The two superpowers account for about 80% of all unicorrns worldwide.
Lawmakers and Trump administration officials who want to stem the flow of U.S. investment to China have turned their sights on an unlikely target: their own retirement fund. Chinese investment pits Silicon Valley against Washington. NY Times.
25 million Chinese fans streamed the NBA's opening game on Tencent.
Husband and wife co-founders of China's online bookseller and e-commerce startup Dangdang go at it in a nasty divorce, played out online on WeChat.
Pinduoduo stock blows it past JD.com to become China's 4th big web firm based on market valuation. Alibaba, Tencent and Meituan are the big three.
Trump's trade offensive is leading China to power up its state-led economic model. China's new $29 billion semiconductor fund is part of the country's continuing effort to become less reliant on U.S. technology.
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PIX: Silicon Dragon London 2019
October 22 at Cocoon Global
Professor Yu Xiong, fintech expert Jeff Tjissen, Simon Thethi and serial entrepreneur Simon Squibb. More pix here.