SILICON DRAGON NEWS      @SiliconDragon               December 17, 2018         

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See who's joined!  Lightspeed, DCM, NLVC, NEA, Peakview,
Arbor Ventures, FosunRZ, MindFund, GGV Capital, 
ZZ Ventures, China Creation Ventures, ZhenFund, China Growth Capital, Hoxton Ventures + more 
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Silicon Dragon
Valley 2019
Top 10 Trends
in Top 2 VC Zones
January 24

Dixon Doll, Impact VC

Olivia Wang, ZhenFund
Ming Yeh, CSC Upshot
Jonathan Qiu
Jonathan Qiu, Fosun RZ
David Lam, 
General Atlantic
Phil Libin, All Turtles/
former CEO, Evernote 

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Silicon Dragon
On The Circuit   
VC Chat
Fudan U Exec MBA
January 14, 4-6pm
San Francisco
Invitation only

China - From Imitator 
To Innovator: A Media Perspective
San Francisco, Dec. 4

Rebecca Fannin, Jon Swartz, Michelle Quinn, Sally Shin
Technion Innovations
San Francisco, Dec. 5

David Chivo, David Kaufman, Rebecca Fannin, Moran Bercovici, Harel Kodesh
Silicon Dragon's Year in Review published at Forbes highlights our picks for the top happenings in 2018 in US-China venture capital and tech innovation. 
Qiming Ventures' $1.3 billion for 3 new funds, Sensetime funding of $600 million at $4.5 billion valuation,  
$1.6 billion IPO on Nasdaq from 0 in 3 years,
New unicorn ByteDance in top rank at $75 billion ,
acquisition of Mobike in $2.7 billion deal,
Sequoia Capital China tops global 100 VC rankings +.
We also name our top pick for book, hotel and film.
Our list of predictions for 2019 is coming next.
Stay tuned!
Send in your own predictions to Silicon Dragon at:

China asserted its power with U.S. IPOs this past week of Chinese companies Tencent Music Entertainment and 360 Finance, bringing the tally to 25 China public listings in New York during the first three quarters of 2018 -- despite heightened U.S.-China economic tensions.  The number tops any full-year total since 2010, notes IPO tracker Renaissance Capital.
Tencent Music grabbed the headlines by raising $1.1 billion at a valuation of $21.3 billion.
Read more at Forbes: China IPO rush

Sequoia Capital China is raising a seed fund of undisclosed size for investing in Chinese startups, according to a SEC filing.

Hubspot is launching a $30 million fund for "customer-first" startups in India.
Starbucks will start delivering coffee in the U.S. through a partnership with UberEats. Funny thing is that Starbucks started doing this first a few months earllier in China with Alibaba's delivery service. In China's large cities, Starbucks customers skip the line, click on a smartphone app to order and pay, and grab their favorite brew while it's still hot via speedy couriers.
Up until now, this on-demand service would not be possible on Main Street USA. But here is just the latest example of where the future is already here, in China, while the U.S. lags behind.

American entrepreneurs who flocked to China to start their own businesses are heading home. This article in WSJ (in case you missed it) features founder Steve Mushero of ChinaNetCloud, who has been on stage more than once at Silicon Dragon in Shanghai.   
  Neil Shen, the chief of Sequoia Capital China, will step down as a board member at instant messaging platform Momo, which was caught in a data leak scandal. A co-founder of Alibaba, Yongming (Eddie) Wu, will step in.    
DCM Ventures promotes two of its VC investors to  partners: Kyle Lui in the U.S. and Ray Zhao in China.   

Tencent backer Naspers leads $540 million funding of Indian education startup Gyju.   

Sequoia Capital China led a Series A financing of China's self-driving startup HoloMatic.
SAIF, Nexus and Sequoia India put $21 million in edtech startup Unacademy in India.

Qiming Ventures invests in FirstGrid, a Chinese medical supply management platform.
Ally Bridge leads $17 million A round in Chinese biotech startup GenFleet Therapeutics

Forbes China published its annual list of top 100 venture capitalists in China.  Qiming Venture Partners nabbed five spots on the list: Duane King, William Hu, Nisa Leung, Helen Wong and Yong Zhang.
If you can read Chinese, have a look at the top

China's richest 2018: Fortunes Fade Amid Trade Friction. More than half of 2018's top 400 are less well off than a year ago.
Marco Polo China digs into 40 AI-related local projects in China to see a close-up of China's nationalistic  goals to become the world's AI superpower.

 Will China cheat American investors? Beijing wants to bring home its big tech firms. WSJ column by Harvard Law School professor Jesse Fried and Burford Capital portfolio manager  Matthew Schoenfeld.