SILICON DRAGON NEWS
SiliconDragonventures.com                                       June 25, 2018         
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2 Founders Win Silicon Dragon's
Pitch Contest In NY, Head for Beijing

founder pitches  

China's bid for top entrepreneurial talent: Two winning founders in NY move up to global finals in Beijing this August, in Silicon Dragon annual pitch contest orchestrated with the Overseas Talent Entrepreneurial Conference (OTEC).  
Making the selections was tough for our judges: Brian Cohen of NY Angels, Jim Robinson of RRE Ventures and Hans Tung and Robin Li of GGV Capital
Read more at Forbes:
Best Pitches

Winners
Winners were Shuo Zhang, Mira Financial
Gabriel Pendleton, AudioStaq


See photos and videos of the full conference plus pitches at Silicon Dragon NY 2018

Sean O'Sullivan Jim Robinson Brian  Hans
Dinda  Roseann Mason  Nan
Above: Sean O'Sullivan, Jim Robinson, Brian Cohen, Hans Tung, Dorinda Elliott, Roseann Lake, Mason Du, Nan Zhou

More coverage of Silicon Dragon NY 2018 next week, including panels on blockchain innovators and China tech brands Xiaomi and DJI .  

DEALS
China's VIPKid , a marketplace for English tutors, raised $500 million in Series D round led by Coatue Management, Tencent, Sequoia Capital China and Jack Ma 's  Yunfeng Capital, the largest venture deal in the education sector. 

Sequoia Capital China has led a $20 million, second round in Chinese math education platform Huohua Street

China Walden Ventures joins $29 million funding of Bossa Nova, a robot used by Wal-Mart to scan supermarket shelves for retail data. 

Sequoia Capital China and Singapore sovereign wealth fund GIC have invested $40 million in Korean fintech startup Viva Republica

 IPOs
 Tencent-backed Meituan-Dianping, the world's 4th most valuable tech unicorn, has filed for a Hong Kong IPO looking to raise $4 billion.  The Groupon-plus like startup had losses of $2.9 billion last year and revenue growth of more than double. 
China smart hardware maker Xiaomi also choose Hong Kong after HKSE regulatory changes made it easier to list. Xiaomi is going for a $6.1 billion IPO. 

Ebang International, one of China 's biggest bitcoin mining machine manufacturers, filed for a HK  IPO, following steps of  Canaan Creative's HK filing in May. Rival Bitmain Technologies is also planning an IPO.

FUNDS 
VC firm Matrix Partners has raised $750 million for its fifth China=focused fund. The firm is led by Bo Shao, the entrepreneur who sold his Chinese startup Eachnet to eBay some 15 years ago, only to see it beaten by Taobao

Carlyle Asia Partners V has closed at $6.55 billion exceeding its target of $5 billion, making for a lot of capital focused on buyouts and strategic investments across sectors in the region. 

 Sequoia Capital is in the market to raise six funds totaling $4.35 billion, including three China-focused funds, two US focused funds and one India fund.

INDIA
Fintech startup Drip Capital has raised $15 million from Accel Partners and Sequoia Capital India

FEATURED VIDEO 
   Silicon Dragon's Rebecca Fannin  chatted with VC Hans Tung of GGV Capital at SD's NYC forum, June 18.   


  
NOTEWORTHY
Cainiao smart lockers from Alibaba make for safer and easier package deliveries through facial recognition technology in China. No more theft at your doorstep.  

This is how you lose a major tech company (Micron). First, a Beijing-backed buyout offer. Then friendly Chinese partnership proposals. Then the tech gets stolen. Then when you file a complaint in court, you get hit with investigations in China, your biggest market. NYTimes