SILICON DRAGON NEWS      @SiliconDragon               Nov. 12 week, 2018         

Silicon Dragon
Ventures & Awards
Hong Kong

November 15


Wei Zhou
China Creation Ventures
Xiaodong Jiang
Long Hill Capital
James Mi
Lightspeed China
Glen Sun 
Sequoia Capital China
Hoxton Ventures
Ian Goh
Wayne Shiong 
China Growth Capital
Vynn Capital
James Vuong    
IDG / Lana Group
Mind Fund Group
Ting Cheng 
Napoleon Biggs
Web Wednesday
Lulu Chen
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Morrison & Foerster
Silicon Dragon 
Valley 2019
January 24
Silicon Dragon
Sora Summit
Asia's Blockchain

Technion Innovations
December 5
San Francisco

Silicon Dragon

Silicon Dragon Circle

Meet VC members Wei Zhou,
China Creation Ventures
James Mi, Lightspeed China
Melissa Guzy, Arbor Ventures
Jonathan Qiu, Fosun

More new members featured in our next issue!
  Martin Suter, E-commerce VP, A-B with his China team at 11.11 in Shanghai
China is now A-B's largest beer market

The 11.11 shopping festival has become a showcase for international brands to reach the Chinese consumer with promotions and discounts specially geared to them. More than 180,000 brands got in on the action this year, including Apple, Gap, Nike, Mattel and Anheuser-Busch.
Working with Alibaba's Tmall marketplace for brands to tap into the Chinese market, the festival is an opportunity for marketers to test and launch new products specifically for the Chinese market. Some of these products seem quite odd to western tastes. For instance, Mars introduced a spicy-flavored Snickers bar, Milikana brought out a sweet-tasting cheese lollipop and Johnson & Johnson launched Listerine in a rosemary blossom flavor.
Anheuser-Busch launched a chocolate and orange-tweaked craft beer. Using Alibaba and its delivery service, A-B is selling beer online and getting it delivered cold in China. Beer was late to e-commerce because it's bulky, heavy and inexpensive but now A-B is seeing that 26 percent of its first-time beer consumers in China made their purchase online. China has become its largest market worldwide.
Read Forbes: 11.11
Alibaba scored at 11.11 with a 27% increase in merchandise sold on the site to $30.8 billion, a slighter gain than last year's 40% jump. It's still early days for the e-commerce market in China.

Starbucks and Alibaba Friendship
Starbucks flagship roastery in Shanghai

Thanks to a friendship between Howard Schultz and Jack Ma and a thirst for increased business, Starbucks is becoming a poster brand for the New Retail or digitalized retail in China.
The new retail is about bringing technology into the stores -- artificial intelligence, augmented reality, robots, QR codes, mobile payments, mobile apps with more content that you need to know about everything in the stores, and speedy deliveries.
Alibaba and Starbucks are far from the only players angling for space in this new arena of retailing. Giant e-commerce and logistics company also has a flagship where it shows off its tech prowess, namely the  QM furniture store in Beijing. 
New retail is front and center right now thanks to the 11.11 e-commerce shopping holiday. Both Alibaba and have gotten into digitalized supermarkets - Alibaba with Hema and with 7Fresh. The Hema stores bring the fulfillment center into the store, using conveyor belts that whisk orders to customers.
I've seen this at work in Beijing and Shanghai. 
Read Forbes, Starbucks Brews China


Proving the potential of this market, social commerce startup Meesho raises $50 million, Series C funding from Lei Jun's Shunwei Capital and DST Partners. 

Cherubic Ventures raises new fund of $88 million for U.S. and Greater China early stage deals. Yi Wang, founder of one of its star portfolio companies Liulishuo,is speaking at Silicon Dragon VC & Awards, Nov. 15, in Hong Kong. 

Biotech unicorn  Moderna files for an IPO of up to $500 million. If successful, it will be the largest biotech IPO ever. Sequoia Capital China is one of the investors. 

Tencent-backed fashion and lifestyle e-commerce platform Mogu has filed for a $200 million IPO on NYSE. Capital will go toward expanding content, beefing up technology, and shoring up financials. 


Food is delivered on conveyor belts carting trays powered by robots at  Alibaba's new 
Hema supermarkets featuring the New Retail.  
I visited one of the 100  Hema stores Alibaba has in China. I also stopped by a's 7Fresh store in Beijing, where QR codes link to ingredients info about the food you're buying and even where it was grown and distributed. The wonders of technology!