SILICON DRAGON NEWS
SiliconDragonventures.com      @SiliconDragon               May 28, 2019         

Silicon Dragon LA 2019


Day One Opener
US-China Superpower 
Debate
Q&A - Tech Titans 
of China
VIP Reception

Day Two Forum
Tech Innovation in Mobility
New Energy
Sino-US VC Trends

Rooftop Party
 


Why China's Tech Sector is Working Harder, Innovating Faster & 
Going Global


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Introductions

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Tech Titans of China
autographed book

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Speaking Gigs 

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Hong Kong

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July 10
VIP Reception in 
Hong Kong

Commonwealth Club
San Francisco
July 30

Rotman School
University of Toronto
The New Technology Cold War      
 



This past week tech giant Google announced it would not provide some of its services to the Chinese company, Huawei, the second biggest mobile handset maker in the world. The Trump administration alleged that Huawei might spy on America and its allies on behalf of the Chinese state. Huawei countered with a motion to block the U.S. ban and statements that it is a victim of the trade war between Washington and Beijing, and its technology is strong enough to withstand American pressure and would, in fact, become the most advanced in the world within years. 
With China's companies becoming global players in areas like mobile infrastructure, artificial intelligence, and surveillance, China looks set to pose a serious challenge to the U.S. dominance in technology. So, does China have the necessary expertise and investment backing to make the transition? And how much of that transformation will be affected by China's approach to governance, privacy, and human rights? BBC World host Ritula Shah led a panel of experts (including Silicon Dragon's Rebecca Fannin) to discuss what a technology cold war will mean for the two technology superpowers, their allies and consumers. 
Listen to the BBC program here

Here's how I wish I would have responded to this question: 
Is there any positive to the US-China Tech War? 
Read Maybe at Forbes

Chinese Mini-Apps Beat Google

Mini-programs have become a major force reshaping China's mobile Internet ecosystem, but have only begun to be tested in the U.S. Mini-apps from China's BAT reach 500 million users but Google has only begun to test a similar service. 
Read Forbes, mini-apps: China's BAT beat Google
 
VENTURE DEALS

Mary Meeker makes his first investment from her new fund Bond into an Australian startup into Canva, an Australia design software startup. The $70 million investment values Canva at $2.5 billion. I've been covering Canva nearly from day one!  

Hillhouse Capital invests $30 million in Korean grocery delivery startup Market Kurly.      

Tencent leads $250 million investment in social travel site Mafengwo, with General Atlantic and Qiming Venture Partners
 
Cathay Innovation leads $50 million investment in KaiOS Technologies, maker of a mobile operating system for smart feature phones. 

San Francisco-based AI startup People.ai raises $60 million led by ICONIQ Capital, with Andreessen Horowitz, Lightspeed Venture Partners, GGV Capital and Y Combinator


 
NOTEWORTHY

The trade war's next battle could be China's IPO access to Wall Street. The New York Times

Alibaba may supplement its U.S. stock listing with a secondary deal in Hong Kong to raise $20 billion.
This may signal a Chinese retreat after leading China tech companies have raised mega-billions on NASDAQ and the NYSE


 

China's war of words over the escalating trade dispute with the U.S. reached a crescendo of sorts in a televised debate between China's state-run CGTN and Fox Business Network.
Watch some clips from the show here



TV Interviews

Tune into Bloomberg TV live at 5pm EST this Friday, May 31, to hear anchor  Emily Chang interview me about the impact of the US-China trade war on tech. This interview will air on her weekday technology program.