SILICON DRAGON NEWS                                           Nov. 14, 2016
Silicon Dragon
* Top VC, Founders,
& Exit 
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Forbes Asia 
30 under 30
Of Best Founders
See Who's Pitching  

Xing Liu
Sequoia Capital
Edith Yeung
500 Startups

Jeffrey Chi
Vickers Venture

Melissa Guzy
Arbor Ventures

James Mi
Lightspeed Venture

Grace Yun Xia
Chris Burch
Shenzhen Capital
Nov. 17, 5-9pm
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23rd floor, KPMG,
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China's Tech Impact in the U.S.
featuring Tencent's WeChat
The Tech Triangle: Israel, China, U.S.  

Plus Lots More!  

Asia Society
China Investment in Real Estate Report
Shenzhen, Nov. 15
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Business Roundtable Summit
January 11-13
Las Vegas
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Alvin Wang Graylin of HTC's Vive
with Kobe Bryant introducing
a VR magazine, Vivepaper, a new
immersive reading experience.

Super-high valuations for Chinese startups are back again as popular news aggregation app
Toutiao is seeking $10 billion for a new round of financing. That's up from $500 million valuation just two years ago.
The latest funding craze comes as new figures from KPMG show that VC investments globally fell 14% to $24.1 billion in the third quarter of 2016.
The app is attracting such interest because it plays into current Chinese content and advertising trends. Toutiao aggregates personalized content based on individual users' interest by analyzing data on social networking accounts, and then selling targeted advertising against it. Users can also browse and shop directly from the app through a partnership with Chinese e-commerce website,

In other China news, Alibaba broke its own record for Singles Day sales, up 32% over last year to $17.8 billion. E-commerce is not slowing down despite China's overall economic sluggishness.
Surging sales have been sparked by three key factors: shopping as entertainment, shopping becoming cross border, and shopping via mobile, points out Hans Tung, a manager partner at GGV Capital, an early backer of Alibaba. But he also cautions that changes in trade policies with a new U.S. president could impact China commerce internationally.

GM Wants Cars to Talk More in China. The U.S. auto maker is introducing a technology that allows cares to communicate. WSJ.

Alibaba and Intel are set to begin collaborating more closely in artificial intelligence, machine learning, the Internet of Things, and smart hardware and products.   Intel CEO Brian Krzanich was recently in Hangzhou and met with Alibaba Group CEO Daniel Zhang and got a tour of the city's "Smart City Brain Control Center," designed to tackle traffic congestion. He also took a ride on Alibaba's YunOS Internet car.

Do social media titans Jack Dorsey and Mark Zuckerberg use their own services - Twitter and Facebook? NY Magazine
VC investor Bill Tai is behind a $25M, Series C investment in Treasure Data, Inc., a cloud-based live data management platform. The startup drew capital from Softbank Investment and Innovation Network Corp. of Japan. Treasure Data has raised a total of $54 million and is backed by Jerry Yang's AME Cloud Ventures, Scale Venture Partners and Sierra Ventures.

Tim Draper is among a group of elite Silicon Valley investors in new mobile AI startup AISense, led by Sam Song Liang and a team of tech industry veterans. AISense is using mobile AI technologies, voice-speech recognition and deep learning to developed next generation tools to enhance professional productivity.

As start-up exits continue to be elusive in India, several VC firms are seeking more time from investors beyond the usual 10-year period to return their money to LPs.  Nexus Venture Partners, Kalaari Capital, Matrix Partners and IDG Ventures India, are extending the timeline of their first funds in India, starting from 2006 and 2007, by two years to return cash to their investors. Two VC firms - SAIF Partners India and Accel Partners India, both of which began investing in India before 2006 - have bucked the trend, thanks to such investment gems as Myntra, Flipkart, MakeMyTrip and JustDial. Likewise, Seedfund, got good returns on its first fund of $14 million, through bets on  RedBus and Carwale.
Many firms including Kleiner Perkins, DFJ and Canaan Partners have left though Sequoia, Matrix, Nexus and Helion remain. Read story, DealStreet Asia.
 A few have remained:  Sequoia Capital, Matrix Partners, Nexus Venture and Helion Venture Partners.
Now, the rapid expansion of Amazon India and Uber India have caught Flipkart, Snapdeal and Ola by surprise, and leading to upsets. 
Though India has been promising to be the next China in terms of stellar startups, the future of the India VC and startup scene looks shaky.

Warbug Pincus has invested $75 million for a minority stake in Indian logistics startup Rivigo, based in Guragon. India's logistics sector is seen as a next big opportunity for investors with projections of $10 billion in revenues by 2020. VC firms investing in the sector include SAIF Partners, Sequoia Capital India and Accel India as well as  Tiger.

KPMG India chief calls it a day. KPMG India chief Richard Rekhy, who was elected head of KPMG India for a second term up to Nov. 2020, has decided to retire as CEO.

Singapore is planning to ease approval times for VC financings and regulations on startups as part of a fintech push in the city that has been angling to be a creative hub.
   VCs judges  
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Nov. 17, in Hong Kong
Some incredible talents here!
(not to mention our all-star VCs & judges)