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Top Ten Trends In A Dramatic Year For China Tech Innovation
Here's Silicon Dragon's list of the top ten trends of 2019. Stay tuned for 2020 predictions next issue.
- China tech innovations went mainstream, recognized globally after being dismissed as imitations.
- Chinese business models and innovations filtered into the U.S., stirring up controversy over security issues and censored content (or not).
- Copy from China replaced Copy to China ideas.
- China barged into 5G telecom, artificial intelligence, drones and robotics, and leapfrogged past the U.S. to mobile payments and New Retail.
- Long-time US-China tech collaboration and co-investment became a politically charged issue. DC regulators cracked down on Chinese investment in the U.S. over security issues, forced tech transfer and intellectual property protection.
- The cross-fire led to blocks of U.S. sales to several Chinese AI startups and tech leaders.
- Chinese tech companies began developing more of their own technologies to become less reliant on American sources as frictions over the world's superpowers escalated.
- China's venture boom fizzled as investments in Chinese startups fell and limits were put on Chinese venture funds investing in America.
- China IPOs in New York kept going despite talk of a possible ban on Chinese listings in the U.S.
- The tech titans of China consolidated their power by moving into new economic sectors and expanding to Southeast Asia and Israel.
Read more: Top 10 Trends in 2019
Tencent's WeChat Messaging App Moves Into NY As A Real Estate Broker's Tool
WeChat's influence is spilling over into the New York residential real estate market as brokerage firm
Halstead launches a corporate account on
Tencent's popular Chinese messaging app.
Halstead's agents have been using WeChat on an individual basis for the past two years to reach Chinese speakers. The firm's corporate
account, the first from a residential real estate firm, moves this marketing up a notch.
has partnered with
influencers and built content in Chinese about practical tips on buying, market analysis and neighborhood information into the account. Yes, Chinese buyers must still be in love with the Big Apple.
WeChat Moves Into NY
While details of the Phase One trade deal between China and the U.S. are forthcoming, China's Ministry of Commerce (MOFCOM) has presented its six major priorities for the new year.
Vietnamese e-commerce startup Telio raised $25 million in initial funding led by Tiger Global, with Sequoia India and GGV Capital participating.
Anxin Apartment, a Chinese service apartment operator, has secured investment from Carlyle, which is taking a significant minority stake.
DCM-backed Freee, an online accounting software company in Japan, went public on the Tokyo Stock Exchange, Japan's second-largest IPO of 2019.