FEATURED EVENT
Silicon Dragon
Salon NYC Dec. 13
From Bike Sharing to Blockchain:
Can
China Really
Go Global?
featuring
experts
Gary Rieschel
Qiming Venture
Florian Bohnert
MoBike
Shuo Chen Agile VC
+ Networking Reception
+ VIP Dinner
Special Deal
for Subscribers
Enter Promo Code
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2018 EVENTS
at CES 2018
Las Vegas
January 9, 2018
with
ZhenFund
GGV Capital
Silicon Dragon
Focus on Fintech
Draper's Hero City
San Mateo, CA
Silicon Dragon
Israel 2018 Tel Aviv
January 29, 2018
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Speaking Gigs, Tech Tours
Pre-Money
Investor
Conference San Francisco December 5
IBA 2017
Investing In Asia
New York City December 8 Slush 2017
Helsinki
November 30-Dec. 1 |
Silicon Dragon
Circle
Rebecca Fannin with Jeffrey Chi, Vickers
and
Chibo Tang, Gobi Partners
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Hong Kong Fintech Unicorn Eyes IPO
One of Hong Kong's unicorn startups, online lending startup WeLab, fresh from raising $220 million in funding last month, is considering its next mega move.
Plans are afoot to go to the next stage of growth with preliminary steps toward a public listing in Hong Kong that could raise approximately $500 million. WeLab has hired investment bankers to begin the IPO process. The step would follow the recent IPOs of China fintech startups PPDai and Qudian.
WeLab, founded in 2013 by Stanford graduate Simon Loong, (see photo) has gone from strength to strength in raising capital.
Silicon Dragon presented its Annual Entrepreneur of the Year
Award to CEO and founder
Loong in 2014.
We were right on track!
NOTEWORTHY
Israel: The New Promise Land for China investors
China's total investment in Israel almost tripled last year to $16 billion, largely in the hi-tech industry.
A growing number of Chinese investors view Israeli businesses as the next smart buy, fueled by China's soaring demand for advanced technologies, Israel's
tech smarts and greater connections between Beijing and Israel. Read Promised Land.
Stay tuned for updates on Silicon Dragon's annual
event in Tel Aviv, planned for January 29, 2018.
Why China Is Emerging As A Tech Superpower To
Rival The West
Just as one example of China's growing tech clout,
Fortune points to China's
DJI,
which
controls
more than 70%
of the commercial drone market, predicted to soar to $15 billion by 2022 from $1.3 billion last year.
With venture funding from
Accel Partners and Sequoia Capital, DJI has a valuation of $10 billion.
Analysts
estimate DJI sales this year to
exceed $1.5 billion, with earnings
approaching $500 million.
DJI has been hailed by many electronics industry analysts as the "Apple of consumer drones." But the comparison is misleading.
Unlike
Apple, which proudly proclaims its products are "Designed in California, Assembled in China,"
DJI products are designed and manufactured in Shenzhen, which excels as a Chinese source for components in DJI products.
Tencent becomes the first Chinese tech firm valued at more than $500 billion. The closest rival is
Alibaba, valued at $474 billion. This
half-a-trillion-dollar club includes
Apple, Alphabet, Facebook, Microsoft and
Amazon.
New Financing Deals
Los Angeles-based startup
Divergent 3D has raised $65 million in Series B financing led by Li Ka-shing's
Horizons Ventures.
The startup is poised to disrupt car manufacturing with 3D printing -- the car factory of the future!
Baidu has teamed up with electric vehicle maker
NIO to invest $106 million in a Series B deal in Chinese ride-booking app
Shouqi
Limousine & Chauffeur. The deal represents another foray by Baidu into seemingly unrelated businesses that can leverage AI.
INDIA
India's venture capital firms struggle to justify large funds as deals dry up. India continues to struggle to break through, like China has. DealStreetAsia
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CLIPS: Silicon Dragon Awards 2017
November 16
Judges and dealmakers at Silicon Dragon Awards 2017:
Furuzonfar Zehni, Christopher Fisher, Bonnie Cheung, Geoffrey Handley, Stella Jin, Jeffrey Chi, Chibo Tang, Andrew Chung, Murray Indick, Rebecca Fannin
FEATURED VIDEO
Silicon Dragon 2017 Dealmakers at
Nov. 16 Event in Hong Kong
Panel Discussion on Financing and Tech Trends, ICOs with VCs Stella Jin, Jeffrey Chi, Chibo Tang, Andrew Chung and dealmaker Murray Indick, Morrison & Foerster
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