China is chasing Silicon Valley talent who are worried about a
Trump presidency. Baidu CEO
Robin Li says many entrepreneurs in Silicon Valley have expressed worries about the U.S. staying ahead in innovation and he hopes excellent talents from the U.S. and elsewhere will come to China and help it play a more important role in global innovation.
Silicon Valley-based angel investor
Cyriac Roeding recently spent three weeks getting immersed in China's vibrant startup ecosystem. His conclusions: Beijing will rival the Valley within a decade, Chinese startups move faster than U.S. counterparts, Chinese entrepreneurs no longer just clone but innovate, Silicon Valley has the edge in hardcore tech but China has an authentic, raw entrepreneurialism.
In the new era ushered in by Trump's victory, the Chinese have the most to gain - or to lose, writes
Eric Li, founder of
Chengwei Capital from Shanghai in
Foreign Affairs.
Now that
Didi Chuxing has bought its former rival, Uber China users will need to create a new account with a local phone number and a Chinese online payment system such as Alipay, Unionpay or Baidu Wallet.
China cleantech-focused VC firm
Tsing Capital and US-based
SVC Angel Fund have formed a partnership with an
IngDan, an IoT platform that has set up in Silicon Valley.
China genomic services provider
Novogene, working on next-gen sequencing, raises $75 million from a group of Chinese investors, among them
China Merchants Bank.
HTC's Vive champion
Alvin Wang Graylin offers his views on the long-term impact of VR, tips for VR founders/investors, and why China will be key.
SILICON VALLEY
Rui Ma is leaving
500 Startups to launch a cross-border fund-of-funds that will still leverage her early-stage tech investment knowledge.
A fascinating list of 26 most innovative venture capitalists has been put together by
Stefano Bernardi, co-founder and managing partner of MissionMarketVC.
INDIA
Softbank is still bullish on India, vowing to continue investing $10 billion in India's emerging tech companies over the next 10 years.
Eight Road Ventures has led a $12 million, series B investment in Indian biotech startup
Core Diagnostics.
American Express Ventures, the corporate VC arm of the credit card company, has led a $4 million round for IndiaLends.
SINGAPORE
The startup scene in Singapore is ramping up 28 active VCs and 318 deals, triple the number three years ago.
Jeffrey Chi, vice chairman of
Vickers Venture in Singapore, noted that his firm's focus has been shifting from China to Southeast Asia, with one-third of its portfolio companies from Singapore.
DatastreamX, a Singapore online marketplace for real-time data, has landed a pre-series A funding of $456,000 from Wavemaker Partners.
Jungle Ventures has raised a $100 million fund - its second - for Southeast Asia and beyond.
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