SILICON DRAGON NEWS      @SiliconDragon               July 29, 2019         
Featured Events

Silicon Dragon 
NY 2019

VC Gary Rieschel:
"China is going to eat our lunch."  

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SF 2019
VC Hans Tung:
"China does make Silicon Valley look sleepy."

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London 2019

Silicon Dragon 

Speaking Gigs 

Commonwealth Club
San Francisco
Roots of a US-
China Tech Cold
Book Signing
Q&A with Leading VC

Rotman School
University of Toronto

MIT Enterprise Forum
Cambridge, MA
. ..
Harvard Club
Sept. 18, 24

China Institute
September 23
NW China Council
Portland, Ore.
Oct. 7
Brookings Institution
US-China Business Council
October 10

How To Academy

Conduit Club
October 23

AmCham Shanghai
November 5

Represented by 


Silicon Dragon Circle


Salesforce Aims To Bypass Failed US Businesses in China By Linking Up With Alibaba
China's e-commerce giant Alibaba is embarking on a strategic partnership with Salesforce to run core services in China. Alibaba will help Salesforce localize its customer relation management tools and sell into China.            Salesforce looks to China market   
Alibaba 's link with American businesses eager to penetrate the Chinese market seems a smart move. Many U.S. businesses have fumbled in China: eBay and Google are two prominent examples. 
Alibaba is currently also working with Starbucks in China on speedier delivery to fend off local Chinese rival Luckin Coffee
With the ongoing US-China trade and tech war, the going will be more challenging.
Read Forbes: Salesforce - Smart Move in China

Impact of US-China Tech Cold War On Silicon Valley:   A Split Sinks In 

As US-China trade and tech tensions linger, the venture flows between these two superpowers are starting to split. Separate Sino-US venture and startup spheres are forming within their own geographies.                       A bridge too far? 
Cross-border venture firms are retreating to China or turning to Southeast Asia or Israel. China's ZhenFund is investing solely in China now. So is Kai-Fu Lee's firm Sinovation Ventures. Qiming Ventures has started investing in Singapore. 
I have started to hear of Chinese startups in the Valley that can't raise new funding and are shutting down. I've also heard of US-China venture firms that are restructuring to meet new requirements under recent DC legislation. 
Read Forbes: A Bridge Too Far?
Japanese tech investing conglomerate Softbank is launching a $108 billion mega-fund to invest in AI, its second Vision Fund. Limited partners are Microsoft, Apple and Foxconn. Notably absent are Saudi Arabia and Abu Dhabi as LP backers. 
Ride-hailing regional leader Grab -- the upstart that beat Uber in Southeast Asia -- in directing $2 billion of a $3 billion outlay from Softbank to build up its Indonesia presence in a race for market leadership with GoJek

Qiming Ventures leads $45 million, series B investment in Singapore-based budget hotel platform Red Doorz

Bangalore-based credit card bill payment startup Cred has raised $4 million from Sequoia Capital

Recent $150 million funding of online education app Byju puts founder in the billionaire class in India. 

KKR's latest investment in Southeast Asia is $10 million in Thai e-commerce services startup eCommerce.
Chinese fintech firm 9F files for a US IPO, seeking to raise $150 million.   
China's Wanda Sports raises $190 million on Nasdaq in downsized IPO. 

Alibaba unveils its own processor as China seeks reliance in semiconductors.  SCMP 

Silicon Dragon LA 2019, July 24-25
Photos    News Clips

Rudy Salo, Rebecca and SD friends at rooftop party,
David Kaufman with US-China trade panelists
Bennett Pozil, Maria Orzel, Chris Fenton, Eric Mika and Michael Smith: Silicon Dragon LA 2019

Tech Titans of China
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