FEATURED EVENT
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Silicon Dragon
San Francisco 2017
October 2
SIGN UP NOW! For the Early Bird From Made in China to Copied to China Invented in China Exported from China!
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Gary Rieschel Qiming Ventures
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Nick Adams
AME Cloud Ventures
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Chris Evdemon
Sinovation
Ventures
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Wei Jiang
ZhenFund
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Patrick Loofbourrow Cooley
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+ MORE!
Nasdaq
Entrepreneurial
Center
San Francisco
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SDFanClub2017
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Speaking Gigs
SILICON VALLEY
Global Capital
HYSTA
Annual Conference October 5-6
Berkeley-Stanford
China Forum
October 7-8
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Introductions
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Silicon Dragon Shanghai 2017 panelists spoke about China's race into AI, mega-funding of bicycle sharing apps, fate of unicorns, favorable IPO outlook and startup challenges. Here: Helen Wong, Richard Gu, Joshua Wu, Chibo Tang and Joseph Chan with moderator Rebecca Fannin.
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Highlights:
Silicon Dragon Shanghai 2017 Forum
Helen Wong, Qiming Ventures; Richard Gu, Chengwei Capital
Overheard QUOTE: China / Silicon Valley TECH
"Data is the New Oil
AI is the New Electricity"
FCC luncheon in Shanghai with
Grace Gu of
ZhenFund,
JP Gan of Qiming,
Rebecca Fannin of Silicon Dragon and
Russell Flannery of
Forbes
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DEALS
GGV Capital-backed e-commerce company is raising $250 million at an $8 million valuation, after drawing $500 million in December 2016. Founders Fund and Formation 8 are also early investors in Wish. The startup has China connections via Alibaba and Jerry Yang.
Reaching farther into Southeast Asia, Alibaba has invested $1 billion in Indonesia online marketplace Tokopedia. It's a strong sign of the vibrancy and potential of Indonesia.
FUNDS
Asia Alternatives, which started as an all-women led fund of funds more than a decade ago, has morphed into a giant $1.8 billion fund that was just raised. The independent group backs PE and VC funds in Asia's key markets, China and India included of course.
NOTEWORTHY
"New Retail" or online orders and offline delivery (so-called O20) are hot buzzwords in China. The underlying concept however has been around for much longer than one may think. See the newspaper ad that Shanghai entrepreneur
George Godula
from Web2Asia dug up from September 1936. Using Shanghai Telephone Company, the modern Shanghai lady could order quicly and conveniently from the local department store, which would then swiftly deliver to the doorstep.
Speaking of new world,
Alipay
and
JD.com recently launched a face scanning service named "Shua Lian" where users can pay by looking into a camera.
Using the facial recognition technology, the buyer can be identified and money can be deducted from their account within 1 to 2 seconds. The technology (which seems kind of risky) is already being used on college campuses in China.
China Is moving toward banning the internal combustion engine, thanks to governmental plan. China sold 400,000 electric cars in 2016, making it the world's biggest market.
The Economist
FEATURED VIDEO
Watch billionaire
Jack Ma dance to Michael Jackson in full costume at Alibaba's annual employee meeting in Hangzhou.
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