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Silicon Dragon Awards
n with Jeffrey Chi, Vickers and Chibo Tang, Gobi Partners
2017 Award judges: Furuzonfar Zehni, Christopher Fisher, Bonnie Cheung, Geoffrey Handley
Silicon Dragon Presents 2017 Awards
Silicon Dragon held its Annual Awards 2017 highlighting Asia's leading venture investor and startup achievers at an action-packed event in Hong Kong, Nov. 16.
: Chibo Tang, Gobi Partners
Founder: Dr. Li Xu, SenseTime Group
Dealmaker, Reeve Kwan & Co-founder, GoGoVan
The awards were presented by Silicon Dragon's Rebecca Fannin with KPMG partner Darren Bowdern.
Video: Tech Chat - 2017 Winning Founder:
Dr. Li Xu, SenseTime Group with
Investor, Francis Leung, Luminary Capital
New Financing Deals
Silicon Valley-based startup AISense has raised $10 million in a Series A round led by
with participation from
Tim Draper's Draper Associates
Draper Dragon Fund
, the first Google investor, and
, among others. Bart Swanson, an advisor at Horizons Ventures, has joined the AISense board. Founder
Sam Song Liang
commented: "It does not happen very often when the first or very earlier VCs of Google, Facebook, Tesla, DeepMind, Siri all invested in the same early stage startup" - his own!
By the way, AISense was first featured in a tech chat at
Silicon Dragon SF 2017
. View video chat:
Tiger Management has led a $120 million investment in China freight logistics and distribution firm
Jianmanman, in what was labeled a Series D deal in the Shanghai-based company.
AI-focused facial recognition startup CloudWalk has drawn $75 million from China venture firm Shunwei Capital and other Chinese investors, as AI continues to build oomph in China.
Softbank's $10 billion investment in Uber could end the war with Grab in Southeast Asia. Uber and Grab share as their investors, Didi Chuxing and Softbank.
Lightspeed China partner James Li notes that the VC firm has scored with its third China IPO this year: fintech startup Jianpu Technology went public on the NYSE on Nov. 17, closely following PPDai. The Chinese lending platform Jianpu, which competes with Ant Financial, saw its IPO price at $8, slightly below the initial range, with a 5% bump in opening day trading. Lightspeed and fellow backer Sequoia Capital together own about one-third of the company shares. Investor James Li tells how the initial financing deal came about here.
Notably, this is the 12th China IPO this year in New York.
Epiq Capital marks a first close of $100 million toward its $250 million tech startup fund focused on secondary transactions. This maiden fund is run by
Rishi Navani, a founding member of Matrix Partners India.
Several China deals feature prominently in an analysis by research firm CBI Insights of the top 21 VC hits of all time. Factors included pricing of IPOs and acquisitions, growth drivers and the role of significant investors. Chinese companies that were highlighted include Alibaba-acquired UCWeb, Softbank-backed e-commerce pioneer Alibaba, Capital Today invested e-commerce leader JD.com, NEA-funded
Semiconductor Manufacturing International
and Meitu, invested in by
Silicon Dragon's Rebecca Fannin gave keynote talks at Wuhan and Xi
'An Angel Investor Forums, Nov. 17-19.