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Bike-Sharing Apps Pop Up As Latest Startup
And
Unicorn Craze In China
It's ironic to see bicycles back on the streets of Beijing again but with a new twist thanks to the sharing economy and a boom in well-funded bike sharing startups such as
Mobike
and
Ofo
that work through mobile apps - sort of like car-hailing services
Uber
or
Didi
, except for bikes.
The business model and technology for bike sharing in China is more advanced than in the West - one more sign of that skillful Chinese micro-innovating gene.
Mobike has drawn more than $300 million from
Temasek, Hillhouse Capital, Sequoia Capital and Tencent's
Xuanwu Lab. Ofo, its chief rival, has attracted $450 million from
Didi Chuxing and
DST Global - not to mention a plug by
Apple CEO
Tim Cook, who recently visited and rode a bike at Ofo.
Mobike CTO and co-founder
Joe Xia (middle, below) was on a panel of tech innovators that Silicon Dragon's Rebecca Fannin moderated at Peking University, along with
Paul Xu of drone maker
DJI and
Dirk Eschenbacher of upscale travel site
Zanadu.
China's Bid For Soft Power Intensifies With
Elite Scholars Heading For World Leadership Posts
In China's continuing bid for soft power, no small part of this drive for economic expansion and prestige are its elite scholarships at leading Chinese universities modeled after the world-famous Rhodes Scholarship award at the University of Oxford. These scholarships at Peking University and Tsinghua University in Beijing are intended to educate and influence the next generation of world leaders from politics to economics to medicine to the arts, law and technology.
Launched over the past two years, it's a little too early to tell the impact of these full scholarships funded by the likes of Baidu founder and billionaire entrepreneur Robin Li (an alumn of Peking University) and Blackstone private equity leader Steve Schwarzman. But I have little doubt of the earnest ambitions of the students carefully selected for these scholarships.
I recently had the opportunity to get a sampling of what these scholarship programs are like while speaking at and attending Peking University's Yenching Global Symposium, held on campus just as spring was beginning to flower.
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| Posing at Peking University with Associate Dean John Holden of the Yenching Academy |
NOTEWORTHY
China's Investments in U.S. Tech Startups In AI and Robotics
Is Worrying The Pentagon
Read New York Times
VIEWPOINT
Why China Will Lead The Next Wave Of Innovation -
In The Internet Of Things
by
Dr. Shipeng Li, CTO, IngDan & Cogobuy Group and former head of Microsoft Research Asia for nearly two decades.
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Scenes From Silicon Dragon's
China-Hollywood Dealmakers Dinner
Los Angeles, March 23, 2017
Above: Thomas Saschon, Sony Music; Eric Mika, LeEcho; Gabe Bloch, Alibaba Pictures; Cary Woodworth, Legacy Film; Bo An, China Lion Entertainment; Chen Xiao, E3 Capital
(special thanks to our co-host Nixon Peabody)
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