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Silicon Dragon LA 2019
Exploring digital entertainment and mobility, two sectors driving
Silicon Dragon Circle
Cocktails in Hong Kong
Special Event Discounts
Tech Titans of China
Rebecca Fannin talks about smartphones, their design and what the future will look like
Why China's 996 Work Culture Makes Sense
Yes, China's 9-9-6 work culture does make Silicon Valley look sleepy. Startup teams in China routinely work 9-9-6 or 12 hours per day, seven days per week while the Bay Area is more accustomed to 9-5-5.
The gap in economic development between China and the United States accounts for this difference. Chinese founders and their teams can't afford to be lazy or act entitled. There's too much work to be done. From what I have seen and experienced in China's leading innovation hubs of Beijing, Shanghai and Shenzhen, a 10-10-7 work culture isn't a stretch.
A debate is raging online in China whether 9-9-6 is a good thing. Could work hard, play hard yield a better result?
But China's 9-9-6 culture won't disappear. China is too motivated to succeed. China's tech economy is growing too fast, the competition is too brutal, and the opportunities too vast.
Over the past decade, China's tech economy has caught up with Silicon Valley in many ways: venture capital, unicorns, IPOs, business models, and innovation in several sectors. Tomorrow we will see more disruptive innovations coming from China. This is just the start, and that's why China is working so hard.
Read more about this trend in
Read Apple takes a cue from China at Forbes
India court lifts ban on highly popular and addictive short-form video app
Toutiao, made in China by
ByteDance, the world's most valuable privately held startup. You can bet that
ByteDance is in my new
The mainstream business
media is just discovering ByteDance in Bloomberg.
Chinese SaaS startup
Black Lake brings in $22 million in Series B funding from
raises $2.75 billion for a pair of new funds, including a $750 million for early stage startups.
Chinese social e-commerce platform Yunji rang the opening bell at Nasdaq on May 3, raising $161 million. Yunji pioneered a membership-based model for e-commerce and leverages social network, big data and AI - a trend in China. Inside China's IPO blitz in NY: 4 filings in 24 hours.
Suddenly India is very much a focus on venture firms more used to investing in China:
My prior book, Startup Asia, predicted this turn to India, after China.
|What's Next for the World Ahead - Milken Conference, April 29 Joe Tsai, Alibaba, Steve Schwarzman, Blackstone, and Tung Chee-hwa on China and a New Cold War: A Plea for China-US To Get Along for Good of the World. It is science, technology and innovation where China is moving ahead.
Silicon Dragon Beijing 2019: April 25
Dealmakers: Yuan Liu, David Yuan, Henry Yin, Rebecca Fannin,
William Bao Bean
VC Jixun Foo w Brian Gu of EV maker XMotors /VIP dinner