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WeWork's $500 Million Funding In China
& Two More Mega Deals For Rivals Point To 
Heat!  Too Much?
WeWork's $500 million to bulk up in China pits the U.S. brand against well-funded locals n aked Hub and 
URWorkDeja Vu? Or will WeWork make it, when other U.S. brands failed?  WeWork's go-local strategy could pay off!

The U.S. and China continue to dominate the global venture capital market, at $35.9 billion and $30.2 billion in 2016. But look for these two leaders to shift positions. Over a five-year span, the U.S. VC market grew only 12 percent compared with China at a 52 percent gain. 
And, guess what? China is in the lead with 14 unicorns, trailed by the U.S. at 13.
Read  Forbes : China's VC Heft


Rob, Richard, William Danny Le   EB-5 panel  

FUNDS
Northern Light  Venture Capital  is raising a $30 million, fifth fund to invest in innovative technology startups, focusing on the U.S. and China. The firm's founding managing director   Feng Deng is taking the helm at the new fund. 
SAIF Partners  has quickly closed a $350 million fund focused on growing VC and growth capital opportunities in India.
DEALS
Indian digital health platform  1mg  has raised $15 million in a strategic deal led by   HBM Healthcare Investments  with existing investors   Maverick Capital, Sequoia India, Omidyar Network  and   Kae Capital.
Mercedes-Benz  parent  Daimler  and a host of Chinese investors including  Sequoia Capital China Hillhouse Capital  and  Sinovation Ventures  have invested $46 million, Series B, for Chinese self-driving software startup Momenta.   The deal was led by  NIO Capital , a fund from Chinese electric vehicle maker NIO.
Tencent  has backed Indian online education service   Byju  at a reported valuation of $800 million in a bid to help the startup grow through acquisition.

Didi  and  SoftBank  partner to invest $2 billion in  Grab , Southeast Asia's vehicle-sharing service that competes with Uber.
 
TECH TRENDS
AI:  Alibaba   has opened unmanned and cashless stores with AI in Hangzhou . 

AR/VR:   Dealmakers invested more than $800 million in AR/VR in the second quarter of 2017, rounding out over $2 billion in this field over the past 12 months. 

IoT: China Telecom, China United Network 
and China Mobile 
are introducing IoT tech for Chinese consumers in everything from smart homes to smart parking.  China Daily

BLOCKCHAIN:  The SEC's recent warning to put ICOs (initial coin offerings) under increased scrutiny has Asian investors pumped up. The hot blockchain-based investing trend could shift to Asia where there's more openness to blockchain experimentation.

 AI: Microsoft t eams up with Baidu for self-driving cars in China.

INDIA
American tech firms are censoring their own services to avoid offending users in India  BuzzFeed  Meanwhile, Airbnb and Uber are looking to use Aadhaar, India's controversial biometric identity system, to verify the identities of its drivers and hosts   BuzzFeed
 LinkedIn Lite's new Android app launches in India.  TechCrunch

 While China-anchored  Xiaomi  is looking to grow aggressively in India , local competitors are rising. 
Jio, the mobile entrant in India that has already disrupted the telco space with its low-priced 4G service, is offering 'free' 4G phones that aim to bring more people online. 
Times of India 
 
SOUTHEAST ASIA
Chinese brands have invaded Indonesia's fast-growing smartphone market, now accounting for a 31% market share, up from 23% a year ago, while  Samsung 's leading share has slipped to 47 percent.  TechCrunch

AFRICA
China is everywhere in Africa's rising tech industry, starting from nearly two decades ago when Chinese telecommunications giants ZTE and Huawei expanded into the continent.   CNBC

FEATURED VIDEO:


Digital Entertainment & Venture Panelists
at Silicon Dragon LA 2017, July 26