SILICON DRAGON NEWS
SiliconDragonventures.com      @SiliconDragon               April 29, 2019         
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Silicon Dragon LA 2019


Exploring digital entertainment and mobility, two sectors driving 
CA-China 
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Silicon Dragon Hong Kong 2019: Tech Titans of China Preview
Interview, new book: 


Author 
Rebecca A. Fannin 
with KPMG's 
Anson Bailey at 
Silicon Dragon HK 2019

 

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Silicon Dragon founder Rebecca Fannin discusses the knowledge-based economy
Silicon Dragon founder Rebecca Fannin discusses China's knowledge-based economy

Is Apple Copying China's Xiaomi?  
 


Apple's strategy to not just sell you an iPhone, but also streaming videos, music, news and games strikes me as similar to an approach that Chinese smartphone maker Xiaomi has been doing for several years.
Xiaomi smartphones come preloaded with dozens of music, video, and gaming apps, and reach 190 million users.
China's Xiaomi, the world's fourth largest smartphone maker, relies on three revenue streams: handset sales, IoT gadgets and consumer goods; and internet value-added services, such as games. 
Xiaomi founder Lei Jun has sometimes been called the Steve Jobs of Apple , and his Mi phones have been likened to the iPhone. Now Apple copies Xiaomi
Read more about Xiaomi in  
Read Apple takes a cue from China at Forbes 


China Creeps Up on the U.S. Lead for Patents 
China now accounts for 21 percent of global patent applications, right behind long-time leader United States at 22 percent in 2018, which is down from 29 percent the preceding year. 
If current trends continue, China could surpass the United States for patent filings within two years, the WIPO report notes. Just a decade ago, China was ranked seventh worldwide for number of patent applications. Chinese telecom giant Huawei is the world's top patent filer and China's  ZTE ranks fifth. 
 Read more at Forbes: Patent Parade

VENTURE DEALS
Tencent-backed online healthcare venture Trusted Doctor raises $250 million in China.   

Mad Street Den's Vue.ai for retail automation  attracts $17 million Series B funding led by Falcon Edge Capital with  Sequoia Capital India and Tokyo's Global Brain

India's bike rental startup Bounce snags $3 million from Innoven Capital.

Doubtnut, a multilingual online learning platform in India, lured in $3.3 million, led by Sequoia India
  
FUNDS

 Chinaccelerator VC  SOSV closes $218 million of $250 million for early stage deep tech startups.  
   
IPOs
Tencent-backed video game livestreaming platform DouYu has filed for a $500 million U.S. IPO. 

Starbucks' competitor in China, coffee delivery upstart Luckin, heads for a public listing on Nasdaq. I write about Luckin in my new book.  

Zoom's IPO Values It At $9 Billion - And Mints New Cloud Billionaire Eric Yuan.  Early investor Bill Tai on the IPO: How can you not love the CEO and his leadership style? Zoom CEO after IPO's big splash: 'We need to double down.' Yahoo Finance  
  
NOTEWORTHY
A post about China's 996 work week leading to ICU goes viral. BuzzFeed

FEATURED VIDEO

Silicon Dragon Hong Kong 2019: TECH TALK - Mario Ho, iDreamSky
Silicon Dragon Hong Kong 2019 Talk: Mario Ho (son of Macau casino tycoon) of online gaming and entertainment company iDreamSky Technology with Napoleon Biggs, WebWednesday Asia

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Silicon Dragon HK 2019 speakers: group selfie