with Kai-Fu Lee
Sept. 28, 5-8pm
St. Francis Yacht Club
Book-signing for next week's launch
+ Panel of AI
VCs & Innovators +
Nov. 15, 5-9pm
New York City
enter code SD
CKGSB China Forum
with Silicon Dragon
New York City
enter code SD for
Xing Wang is the brains behind
Amazon of services in China and next Chinese tech company to go public.
The next generation of Chinese technology companies known as TMD + X are racing through another milestone, going public and following the path of China's giant BAT or
Baidu, Alibaba, Tencent.
Next in line is
Meituan-Dianping (the M), China's super app that aims to be an
Amazon of services. Meituan just raised $4.2 billion, weeks after China's smart hardware maker
Xiaomi (the X) raised $4.7 billion.
The CEO of
Xing Wang, has been through the trials of China's crazed Internet boom and lost many times, but Meituan looks to be his success. Starting out as a copy of
GroupOn, Meituan has morphed into an online peddler of movie tickets, food deliveries, trip bookings and bike rental, geared to China's rising middle class population.
Wang was known as the cloner in the early Internet days. He cloned
Facebook, Twitter and
Meituan looks to be his success if he can beat competitors, stop the cash drain and focus.
: China's Amazon of Services
Kleiner Perkins split-up takes a considerable knowledge capital away from its once promising China operations.
Mary Meeker is leaving the VC firm to start her own investment fund, and taking her digital growth team with her. That's those who work on her annual predictions on the future of the web, which has included a large chunk on China, researched by Hillhouse Capital. Kleiner Perkins has basically wound down its China investment operations anyhow.
Sequoia Capital India leads Series B funding round in Indonesia fintech startup
Fosun and Morningside Venture Capital have led a $50 million, Series C round in Beijing-based PingCap, a distributed database company.
Video ++, an AI-empowered video content player based in Shenzhen and with built-in facial recognition, raised Series C financing.
invested in by
raised $1 billion in its NY IPO, but falls short of initial goal. Rocky starts for Chinese tech IPOs send signal for next in cue.
Chinese online pharmacy company
111, Inc. raises $100.5 million in a scaled back IPO in New York.
Tencent-backed news and video aggregator
Qutoutiao priced below expectations, more than doubled in its IPO but was slumping on its second day of trading on Nasdaq.
Qutoutiao raised $84 million in its IPO.
India VC firm Lightbox Ventures is aiming to raise $200 million for its third fund.
Artificial intelligence is a technology that sparks the human imagination. What will our future look like as we come to share the earth with intelligent machines? Our minds gravitate to extremes, to the sharply contrasting visions that have captured public attention and divided much of the technological community.Read commentary by Kai-Fu Lee in the WSJ.
|Rebecca Fannin on the 15th China-ASEAN Expo