SILICON DRAGON NEWS
SiliconDragonventures.com      @SiliconDragon               June 24, 2019         
Featured Events

Silicon Dragon 
Night
Hong Kong

Superpower Face-off: 
Rebecca Fannin,  
Tech Titans of China 
& Edith Yeung
China Internet Report
Bar 6, Hong Kong
July 10, 6pm-10pm

Silicon Dragon LA 2019
  
US-China Superpowers Debate 
Mobility Innovations
China EV Makers

Stella Li, BYD
Mary Yang, NIO
+ Many Trend-Setters 

VIP Reception
Rooftop Party

Silicon Dragon 
NY 2019


US-China VC Impact: Gary Rieschel with 
Author 
Rebecca Fannin
+ Panel of Experts

 
Pre-order on 
Amazon

"A Must Read!"
"We Need This 
Book Now!"


Bulk book sales:  
melissa.carl@hbgusa.com

Represented by 
Washington, DC

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Silicon Dragon Circle

VIP Invitations
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Speaking Gigs 

Rise 
Hong Kong

Commonwealth Club
San Francisco
July 30

Rotman School
University of Toronto

MIT Enterprise Forum
Cambridge, MA

+ More!

Facebook Copies WeChat Again: Who Would Have Guessed This Just Five Years Ago? 
       
 
Zuck at Great Wall Facebook is getting used to copying the Chinese tech giants. Facebook copied China's messaging app WeChat a few months ago when making plans to introduce private groups for online communication. 
Now,  Facebook is copying again by releasing a payments option within Facebook, albeit with the twist of cryptocurrency to pay for goods and services.
But Facebook has a long ways to go before it can truly emulate WeChat
Read Forbes: Why   Facebook Copies China's WeChat   

Tencent CEO Pony Ma's take on Facebook's Libra coin: "The technologies are all very mature, it's not hard. It all depends on whether regulators will 
allow it."

China's Belt And Road Could Be Improved 
5 Ways
It depends on who you talk to: is China's massive Belt and Road Initiative is a good thing or a bad thing?
Washington, DC contends that this series of infrastructure investments to connect China with economies throughout Asia and into the Middle East and Europe is a dangerous China attempt "to buy an empire" and drown Belt and Road partners in a "sea of debt."
On the positive side, China's infrastructure investments are welcomed by host governments as efficient and effective ways of building ports, dams and railways. But issues persist over environmental damage, inability of host countries to pay for projects, lack of local employment opportunities, mistreatment of subcontractors, corruption, and lack of project oversight.
Here's where the Asia Society steps in with 
five recommendations on how China's bold program can be improved. 

DATA
China VC investing is down sharply in 2019 so far, back to the level of 2014, when the current boom began. Venture investment climbed from $17.4 billion in 2014 to $105 billion in 2018, as reported in my new book, Tech Titans of China.   

VENTURE FUNDS
China's Sinopharm Capital and Cedarlake Capital have co-invested $20 million in Singapore-based healthcare platform Novena Global Lifecare, and set up a partnership for a $150 million fund that will support Southeast Asian healthcare companies. 
  
VENTURE DEALS
IDG leads $100 million round for China healthcare platform Weimai. 

China IoT platform  RootCloud  nabs Series B funding of $72 million led by private equity fund
Heijun Capital.

NOTEWORTHY 
What technology does China really need from the U.S.? China has its own cloud computing, e-commerce and social networks. What China lacks is high-end semiconductor chips.  Bloomberg

Biotech is joining chips and telecommunications at the forefront of the U.S.-China technology war, with Congress unveiling a series of measures, including one by Sen. Marco Rubio, aimed at restricting Defense Department funding. WSJ


"Made in China, Exported to the World: The Surveillance State"  NY Times
 
In Ecuador, cameras capture footage to be examined by police and domestic intelligence. The surveillance system's origin: China. 

U.S. blacklists more Chinese tech companies over national security concerns. NY Times: five more

QUOTABLE

A Coffee with Ren
Huawei founder and CEO, Ren Zhengfei, sat down with two of the world's most prominent thinkers George Gilder and Nicholas Negroponte for 100 minutes of conversation and Q&A.  
Huawei owns a very large patent pool, but will never use it as a weapon against anyone, said Huawei's founder during the discussion.  

Book Interviews: Tech Titans of China Issues
China-U.S. Trade War Is Just Beginning, Silicon Dragon Founder Says
" China-U.S. Trade War Is Just Beginning "
Bloomberg TV