In Search of the Next Tech Titan
If China can break through on the global innovation map, then why not Australia?
Hear top VCs, Angels & Founders
discuss Australia's prospects to create the next big thing, the next unicorn.
Here we come,
LA: March 19
NYC: May 14
International Business Book of 2020
World Affairs Conference
University of Colorado
University of Chicago
China Hi-Tech Called Into Action
Amid Coronavirus Outbreak
From virtual offices to robotic vehicles, China's high-tech companies are rolling out new features in response to the virus crisis.
Chinese tech titans
DJI have all jumped on products and services to help consumers and businesses deal with the coronavirus crisis. They have cranked up new package delivery methods, inspection devices, fever monitors, online doctor consultations, disinfectant robots, and wrapped in fundamental technologies such as big data, facial recognition, artificial intelligence and digital mapping to make it all work.
SoftBank has invested $1 billion each in two Chinese real-estate companies: apartment-rental firm Ziroom and online real-estate portal Beike, despite heightened scrutiny of online housing platforms.
Dockless scooter sharing startup
has snared $20 million in an investment round led by
LGT Lightstone Aspada, with participation from existing investors Matrix Partners India, Kalaari Capital and Stellaris Venture Partners.
Sequoia Capital India has led a $8 million funding of Salesken, an AI-powered platform for salespersons.
Leap Finance has raised $5.5 million to democratize financing for foreign-bound Indian students, in a financing from Sequoia India.
Lifestyle community commerce startup Trell raises $4 million from Sequoia's Surge in India.
GSR Ventures has led a $16 million financing of sports tech startup Sparta Science, to further R&D in data analytics to reduce injury risk or improve physical performance.
Lightspeed Venture Partners
has inked a deal in Israel, putting $15 million in
, a leading WordPress website builder platform.
China-owned gay dating app
Grindr is being sold for $600 million by
Beijing Kunlun Tech Co. to a group of investors and entrepreneurs joined together in
San Vicente Acquisition. The move comes after U.S. regulators pressed for an ownership change away from China in the midst of heightened security concerns. The deal still needs approval by U.S. regulators.
Alibaba has acquired Beijing-based intelligent catering management startup Keruyun for reportedly $140 million, creating an integrated food and delivery service.
Silicon Valley's top investing firm Sequoia Capital has a stark message on coronavirus: Prepare for the worst.
The novel coronavirus outbreak has worried plenty of people on Wall Street, and now the anxiety has made its way to Sand Hill Road.
Late last week,
ent a grim memo to its portfolio companies. The elite investing firm described the coronavirus as "the black swan of 2020" and said that its companies should "question every assumption" of their businesses as they would in advance of a major downturn. A list of things to worry about followed.
Now that Starbucks in China
is doing deliveries and pickups only due to
#COVID19, its key Chinese challenger
Luckin Coffee is rolling out more promotions. Top 500 customers every week get $30, remaining 5 item+ customers divide $600K. h/t @ruima
GGV Capital is excited about the startup scene in Israel: Five Reasons Israel is the World's Hottest Tech Hub.
by Managing Partner Glenn Solomon
There is a national security risk if we do decouple with China and lose visibility into the way they are thinking about these issues
." Cybersecurity expert
speaking about AI and cooperation with China.
"The virus has created an opportunity to examine elements of employment, education, automation that would have taken much longer to happen without COVID.
Prepare for the future - it's not the virus that will have long term impacts on society, it's what it has allowed to be considered normal."
VC Gary Rieschel of Qiming Venture.