NY 2018
Now for early bird rate!
Venture Panel
China-US VCs
Hans Tung, Nan Zhou, Mason Du, Brian Cohen, Jim Robinson, Robin Li
Blockchain Innovation Panel
Gurus Jason Fang, Lou Kerner, Paul Brodsky
Book Talk
Author Roseann Lake
Tech Chat:
Designed in China Drone Leader DJI
NY Rep Adam Lisberg
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PITCH CONTEST
2 NY Semi-finalists Win Trip
To Beijing To Compete
In Global Finals Aug 8-10
Global Champion wins:
- Funding Up to $200,000
- Grants, Loans
- Strategic Advice
- Co-working Space in Beijing
Deadline to apply to pitch in NY semi-finals:
June 1
2018 Events
NEXT EVENT
Los Angeles
Digital Entertainment
Capital & Innovation
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On The Circuit
Speaking Gigs &
Partner Events
June 22-23
Bangkok
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Silicon Dragon News
- Premium Content
- Networking Intros
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Twitch of China, HUYA, Raises $180 million
in NYSE IPO
The
Twitch of China,
HUYA, went public last Friday on the NYSE, buoyed by major Chinese backers
Tencent and social entertainment company
YY, which together own 75.7 percent of the newly listed company's shares.
HUYA raised $180 million in the IPO and was trading up
30 percent at mid-day, as one of a series of Chinese tech companies that have gone public this year.
The company, which is a spin-off of NASDAQ-listed
YY and was funded by Chinese gaming leader
Tencent in March with $460 million, is aimed at China's tech-savvy youngsters who are into games and e-sports. CFO
Henry Sha, interviewed by Silicon Dragon, said the listing went to New York because of a large sophisticated investor base that already understood
Twitch positioning and could more easily relate to
HUYA.
Two startups that caught
Silicon Dragon
's eye at
TechDayNY (see
Forbes write-up) were voice-powered commerce platform Jetson.ai and long-term apartment rental service Para. Both have a China angle.
They're perfect for the
Silicon Dragon pitch contest we're having June 18 in NYC as part of our annual forum in the Big Apple.
By the way, we have a happy ending (or start?) to report for
Ellie Li, who pitched at last year's
Silicon Dragon pitch contest. Sh
e went on to get seed financing from Lair East Labs in NY.
You can hear my interview with her and investor
Lee Lin
of Lair East Labs here, at
Silicon Dragon podcast
: financing from
Lair East Labs in NYC.
Silicon Dragon founder/editor
Rebecca Fannin was interviewed by
NASDAQ Spotlight last week at its Times Square location. I chatted with host
Lyanne Alfaro about the future of mobile, livestreaming and ride shares in China.
NEW FUNDINGS
GSR Ventures leads $47 million, Series A round in Chinese e-commerce platform XYB2B.
DCM Ventures is among investors in a seed round for cryptocurrency portfolio tracker Blockfolio. The funding will be used to develop a communication platform called Signal to address growing misinformation in the crypto ecosystem.
Sequoia Capital China heads up $40 million 2nd round in China's Mabspace Biosciences.
CStones' $260 million Series B financing from new investors
Sequoia and
Yunfeng Capital will fund more trials as the Chinese biotech firm weighs IPO options.
Chinese long-term apartment leasing firm Uoko in Chengdu raises $157 million from investors including Legend Capital, Matrix Partners China, SIG and Shenzhen Venture Capital.
IPOs
Chinese fashion e-commerce firm Meili is reportedly seeking a $500 million IPO in NY. It's backed by Tencent, Sequoia Capital China and GGV Capital.
DEALS
Alibaba has acquired Rocket Internet's Daraz to expand its empire in Southeast Asia, having already bought into Lazada.
NOTEWORTHY
The Elon Musk of China, William Li of NIO, explains why its Tesla killer won't fall into the same trap as troubled electric car startup Faraday Future. Read post, Business Insider.
In an about-face on trade, Trump vows to protect jobs at China's telecommunications firm ZTE as U.S. sanctions kick in.
NY Times,
ZTE turnabout.
"Trade policies won't fix the fact that China is investing heavily in tech R&D and education while the U.S. is cutting."
Dean Merit Janow
of
Columbia University School of International & Public Affairs
with Silicon Dragon's
Rebecca Fannin
at Techonomy 2018.
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