SILICON DRAGON NEWS
SiliconDragonventures.com      @SiliconDragon               May 6, 2019         

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Beat the Crowd!


Why China's Tech Sector is Working Harder, Innovating Faster & 
Going Global


Author 

Book Talks Globally
July 30 
Sept: 4, 12, 19, 
24, 26, 27
Oct: 10, 22 
Nov: 8, 14
+ more
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Silicon Dragon LA 2019


Exploring digital entertainment and mobility, two sectors driving  CA-China 
investment

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Rebecca Fannin talks about smartphones, their design and what the future will look like

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.  

VENTURE DEALS

Chinese SaaS startup Black Lake brings in $22 million in Series B funding from GSR Ventures, Bertelesmann Asia, GGV Capital, ZhenFund.  

FUNDS

Andreessen Horowitz  raises $2.75 billion for a pair of new funds, including a $750 million for early stage startups.    
   
IPOs

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. 

NOTEWORTHY

Suddenly India is very much a focus on venture firms more used to investing in China: 
Check out Helen Wong
of Qiming Venture in India
Hans Tung of GGV Capital in India

My prior book, Startup Asia, predicted this turn to India, after China.  
But some still disagree. Why India can't be China

PODCAST

FEATURED VIDEO
What's Next for the World Ahead - Milken Conference 29th April 2019
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 FooBrian Gu of EV maker XMotors /VIP dinner