SILICON DRAGON NEWS      @SiliconDragon               July 1, 2019         
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Chinese Drone Maker DJI Rule The Global Market, Flies Too High For U.S.  

China's pioneering drone maker DJI Innovations is getting attention today-not always in a favorable light.
I visited Chinese drone maker DJI, located in the southern city of Shenzhen. It's best in class and the world market leader. 
But it's also the target of security concerns by Washington, DC over its flying machines that could send surveillance data back to China. 
DJI has just announced that the company will expand its drone manufacturing by opening its first foreign assembly plant in the U.S. 
Flying high, DJI has soared to take two-thirds of the drone market globally. Still privately held, DJI has rapidly grown into a drone master with a global workforce and 11,000 employees. 
No drone company in the West comes close to DJI dominance, as I write in my new book, 
Pre-Order it Now on Amazon
Read Forbes, DJI flies

How Not to Cure Cancer
The U.S. is purging Chinese scientists at top institutions in a new red scare. A China Institute program highlighted this issue with a panel including Princeton professor Yiguang Ju and Temple University professor Xiaoxing Xi. An issue they emphasized is how to draw the line between foreign influence and academic exchange. 
 If  discrimination persists, a Bloomberg BusinessWeek article noted, we will likely see a reverse brain-drain from America that will only benefit China.
Read Red Scare
Suspicion of Chinese scientists at MD Anderson began to take root around 2014.  The chain of events that ultimately led to the departure of cancer researcher Xifeng Wu began in the summer of 2017, when the FBI notified the cancer center it was investigating "the possible theft of MD Anderson research and proprietary information."
Visas for Chinese students and researchers are being curtailed, and more Chinese engineers and businesspeople, especially in the tech sector, are being detained at U.S. airports while border agents inspect and image their digital devices.

Tencent leads China's effort to slap age ratings on games, as the government tightens control over a $38 billion industry it accuses of fomenting teenage addiction. Bloomberg

Cathay Innovation reaches $358 million first close for second VC fund.  

HSBC closes $250 million private equity fund across geographies and sectors. 
Sequoia Capital China backs Chinese AI startup Xmov in a Series A round.  

Laiye, which offers concierge and #AI services for users within WeChat, has raised $35 million in recent Series B financing with participation from  Lightspeed China Partners.

Gaorong Capital leads round in China's Xbiome, a developer of an AI-based drug. 

 Pompeo's State Department has concluded that decades of engagement-focused U.S. policy have failed, and now the United States and its partners must change course and respond to the Chinese government's strategy and behavior.   
"We fundamentally erred by underestimating and misunderstanding China's true intention, which is to create a Chinese Communist Party-dominated world order to replace the world order created by the U.S. and its allies," the official said. Via Bill Bishop, Sinocism

About half the Democratic presidential candidates in the televised debates just said "China" when asked what is the biggest geopolitical threat to the U.S. NY Times: New Era

The inside story of how a Silicon Valley tech firm fended off national-security officials to help China get advanced U.S. chip technology. AMD revived its fortunes when it helped Chinese partners develop computer chip technology. WSJ: super chips

 Tech Titans of China Clips

Pre-order on 

"A Must Read!"
"We Need This 
Book Now!"
                                                                                                                             by  Rebecca A. Fannin

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