Three of the three newly minted unicorns in January 2017 came from China. The two China unicorns were Q&A site
Zhihu and office space company
URwork. Zhihu's investor list extends to
Tencent, Sogou, SAIF Partners, Qiming Venture Partners, and
Capital Today. URWork, a copycat of WeWork, drew investment from
Sequoia Capital China and
ZhenFund.
Sinovation Ventures was in both deals.
China's popular news app
Toutiao has snapped up U.S.-based video sharing site
Flipagram. Toutiao was backed by Sequoia Capital China, Weibo and SIG China.
The godfather of venture capital, former NEA leader
Dick Kramlich, is back in the game. He's raised
Green Bay Ventures, a new fund of $130 million with venture capitalist
Anthony Schiller.
Legend Capital, the venture and growth capital arm of China's Legend Holdings, has raised $243 million its latest fund, its seventh.
Connie Chan of
Andreessen Horowitz points out that the mobile phone has become the remote control of Chinese consumers. She delves into the use of QR codes, livestreaming and stickers as examples of new forms of social media communication. View the video here at
Connie's blog.