SILICON DRAGON NEWS                                       Sept. 17, 2018         
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Xing Wang is the brains behind Meituan-Dianping,
the 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 MeituanXing 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  Friendster. Meituan looks to be his success if he can beat competitors, stop the cash drain and focus.  
Read  Forbes:
What's Behind Meituan : China's Amazon of Services

The 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.
Read Forbes: Meeker Split from KP
Sequoia Capital India leads Series B funding round in Indonesia fintech startup Moka.
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.   


China's Tesla rival NIO, invested in by Tencent, 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. Forbes: NIO.

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
Rebecca Fannin on the 15th China-ASEAN Expo