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Thomas Saschon, Director-Emerging Technologies,
Sony Music with
Alessandro Piol, AlphaPrime Ventures,
at Silicon Dragon VIP
dinner in NYC
September 13-14 Sponsors:
New York City
September 8, 2017
WeWork's $500 Million Funding In China
& Two More Mega Deals For Rivals Point To
Heat! Too Much?
WeWork's $500 million to bulk up in China pits the U.S. brand against well-funded locals n
Deja Vu? Or will WeWork make it, when other U.S. brands failed? WeWork's go-local strategy could pay off!
The U.S. and China continue to dominate the global venture capital market, at $35.9 billion and $30.2 billion in 2016. But look for these two leaders to shift positions. Over a five-year span, the U.S. VC market grew only 12 percent compared with China at a 52 percent gain.
And, guess what? China is in the lead with 14 unicorns, trailed by the U.S. at 13.
is raising a $30 million, fifth fund to invest in innovative technology startups, focusing on the U.S. and China. The firm's founding managing director
Feng Deng is taking the helm at the new fund.
has quickly closed a $350 million fund focused on growing VC and growth capital opportunities in India.
Indian digital health platform
has raised $15 million in a strategic deal led by
HBM Healthcare Investments
with existing investors
Maverick Capital, Sequoia India, Omidyar Network
and a host of Chinese investors including
Sequoia Capital China
have invested $46 million, Series B, for Chinese self-driving software startup Momenta. The deal was led by
, a fund from Chinese electric vehicle maker NIO.
has backed Indian online education service
at a reported valuation of $800 million in a bid to help the startup grow through acquisition.
partner to invest $2 billion in
, Southeast Asia's vehicle-sharing service that competes with Uber.
has opened unmanned and cashless stores with AI in Hangzhou
Dealmakers invested more than $800 million in AR/VR in the second quarter of 2017, rounding out over $2 billion in this field over the past 12 months.
IoT: China Telecom, China United Network
and China Mobile
are introducing IoT tech for Chinese consumers in everything from smart homes to smart parking. China Daily
The SEC's recent warning to put ICOs (initial coin offerings) under increased scrutiny has Asian investors pumped up. The hot blockchain-based investing trend could shift to Asia where there's more openness to blockchain experimentation.
AI: Microsoft t
eams up with
for self-driving cars in China.
American tech firms are censoring their own services to avoid offending users in India
Meanwhile, Airbnb and Uber are looking to use Aadhaar, India's controversial biometric identity system, to verify the identities of its drivers and hosts
LinkedIn Lite's new Android app launches in India.
is looking to grow aggressively in India
, local competitors are rising.
Jio, the mobile entrant in India that has already disrupted the telco space with its low-priced 4G service, is offering 'free' 4G phones that aim to bring more people online.
Times of India
Chinese brands have invaded Indonesia's fast-growing smartphone market, now accounting for a 31% market share, up from 23% a year ago, while
's leading share has slipped to 47 percent.
China is everywhere in Africa's rising tech industry, starting from nearly two decades ago when Chinese telecommunications giants ZTE and Huawei expanded into the continent.
Digital Entertainment & Venture Panelists
at Silicon Dragon LA 2017, July 26