SILICON DRAGON NEWS
SiliconDragonventures.com                                       June 5, 2017         
Don't Miss 
Silicon Dragon 
New York 2017 
 
June 21
at Nasdaq  


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PROGRAM 
New York's Global
Innovation Revolution

featuring
Venture Dealmakers 
 
Jim Robinson  
RRE Ventures
Brian Cohen
 NY Angels / 
David Teten
HOF Capital
Oliver Mitchell
Autonomy Ventures
Mason Du
HBS Alumni Angels
Wendy Cai
Oenus Capital
Mary Darby
CKGSB
Pierre DuPont
HPM Partners 
Peter Hsieh
Acorn Pacific Ventures
Erik Lassila
Peakview Capital

VCs Brian Cohen, Jim Robinson

VC TALK
Kamran Ansari
Pinterest / Greycroft 

TECH CHAT
Gautam Ahuja 
Blue Scorpion
Lin Dai ,   Hooch

BOOK TALKS
Scott Hartley
VC and Author, 
The Fuzzie & The Techie
Bill Holstein
How The ThinkPad Changed
The World

BRIEFING 
Technion Lands In NY 
Ron Brachman
Jacobs Technion-
Cornell Institute

15 SELECT PITCHES

EVENING 
NETWORKING RECEPTION 

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NEXT

Silicon Dragon
LA 2017

July 26 
"Chollywood!" 

Chollywood

Featuring deals by 
Wanda, Alibaba, 
Tencent & More! 

Pasadena 
Convention  Center
July 26 
 


Rebecca in Beijing

Silicon Dragon's Rebecca Fannin in Beijing   

   
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bikes in Beijing
DIGITAL CHINA LEAPS AHEAD WITH 
INNOVATIONS THAT ROCK THE WORLD

China is continuing to leap ahead with innovations that will rock the world. From the mobile Internet, to online entertainment to on-demand cars and bikes, to mobile payment to e-commerce, China is setting world standards.
What jumps out the most from the latest Mary Meeker Internet report is China's advancements in on-demand transportation - a market that has developed practically overnight and has doubled since last July. With 20 million already into bike sharing, China alone accounts for more than three-quarters share of the world's market.  
E-commerce is another sector where China is leading the trends. Some 15% of retail sales were made online in China last year. Only Korea recorded a higher percentage (18%). The U.S., by comparison, stood at 11%.  
Read
Forbes post: China Trending

Read the full report by the KPCB partner here: 

DEALS & FUNDS

GSR Ventures is set to acquire Nissan's car battery business for $1 billion. Led by veteran investor Sonny Wu, GSR has the backing of the Hubei provincial government. Count on GSR, one of the earliest VCs in China, to do things a little differently.

Sequoia Capital  has raised a massive $2 billion across U.S., China and India funds and another $2 billion for its second global growth fund, an increase from the preceding $700 million in late 2012. In this venture grab, Sequoia Capital India has topped off a 4th fund with $125 million. 

Plug and Play plans to open its first startup accelerator this fall in Tokyo with large Japanese bank Mitsubishi. It aims to bridge the gap between Silicon Valley culture and Japanese industry - and expand its own footprint beyond 10 countries. Phillip Vincent will head up the new accelerator. 
  
Sydney's online talent marketplace One Shift has been acquired by recruitment company Programmed in Perth. Founder Gen George spoke at Silicon Dragon Sydney in 2016 last May and was a Forbes Asia 30 under 30 superstar. 

An IPO of Blue Apron in New York could be NY's largest venture-backed exit, if it goes out near its last valuation of $2.6 billion, according to CBI Insights. 
East Coast VCs Bessemer Venture Partners and First Round Capital stand to benefit as the two biggest investor shareholders, at 24% and 11% respectively. 


NOTEWORTHY

 34 AI startups were acquired in Q1 2017 as tech giants work to boost their artificial intelligence capabilities. 

While the rest of the world tries to kill email, in China, it's always been dead. Quartz 

Very cool - #Hyperloop connecting Amsterdam & Paris could be a reality by 2021 http://bit.svb.com/2s27Ejw  via @TheNextWeb Very cool: Hyperloop
connecting Paris and Amsterdam could be a reality by 2021. The Next Web

So far, 2017 is a pretty good year for technology unicorns. Private investors are minting about one new unicorn a week, about the same pace as 2016. More unicorns are going public. And capital continues to flow in while valuations hold up. 
At least 24 companies have joined the unicorn club in the first five months of 2017. 

China's seniors have consumer clout, and it's going to change the world. China's seniors have clout. Nestle has launched "Nestle YIYANG Fuel for brainTM senior milk powder," a formula designed to help China's seniors "refuel their brains and start a new smart life."   Bloomberg Viewpoint by Adam Minter 

Google is already late to China's AI revolution 
  

APPLY TO PITCH NOW!  
AT SILICON DRAGON'S STAGE 
IN NYC 

  Silicon Dragon's 2nd annual startup pitch contest in NYC: June 21 at Nasdaq
 
15 founders will be selected to pitch 

Jim Robinson of RRE Ventures and Brian Cohen of NY Angels will judge the pitches

Two NY winners will go to Beijing August 18 to compete globally

Global champion will receive funding of  up to $200,000,  loans , startup space and mentoring.

To apply to pitch, click Silicon Dragon Pitch

Your startup qualifies if it is:   

- less than 3 years old
- has not received Series A financing
- in tech, finance, modern services, social enterprise, cultural creativity
- preferably based in NY metro area 
- looking at China entry 
    
DEADLINE to APPLY: June 9, 2017

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Silicon Dragon pitches
Founders pitch at Silicon Dragon NY 2016


FEATURED PHOTO
Shanghai pagoda
Pagoda on rooftop of Marriott Courtyard, Shanghai