NY 2018
Meet
China's
Tech Giants: Xiaomi,
DJI
Baidu, Alibaba
Venture Dealmakers
Panel: US-China
Jim Robinson, RRE Brian Cohen, NY Angels
Mason Du, HBS Angels
Blockchain Innovation Panel-Asia Spin
Lou Kerner, CryptoOracle
Paul Brodsky,
Panterra Capital
Jalak Jobanputra,
Future Perfect Ventures
Mitchell Dong, Pythagoras Investment
Book Talk
Author Roseann Lake:
Leftover in China: The Women Shaping the Next Superpower
Prize drawing
for the book!
China Brand Chats
Adam Lisberg, DJI
Donovan Sung, Xiaomi
Peter Prodromou,
Racepoint Global
PITCH CONTEST
VC judges pick the 2 winners from NY to compete in global finals in Beijing this August and win up to $200K!
DINNER NETWORKING
RECEPTION
757 Third Ave., 9th floor + terrace
Thanks to Sponsors
Grant Thornton
Sidley Austin
Racepoint Global
OTEC
_________________
NEXT EVENT
Los Angeles
Rooftop After-Party!
Film Producer
Janet Yang
Join Us July 25
Innovators, Investors & Content Creators
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On The Circuit
June 22-23
Bangkok
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Silicon Dragon News
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@silicondragon
@rfannin
China investor Ms. Ma
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- Networking Intros
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Which Founders Will Win Silicon Dragon's
Pitch Contest In NY June 18?
Founders who pitched at Silicon Dragon NY 2017 celebrate on the terrace
Silicon Dragon received loads of
great applications to pitch this year
from founders who are eager to score capital to scale up their startups.
We've finalized our selections and 12 founders are ready to pitch tomorrow!
They range from mobile commerce, video sharing and podcast platforms to biotech to apps for appointments, hiring, and staying current with friends. There's even an on-demand trucking service in our pitch lineup.
Hear a preview of our pitches by co-founder John Chu of Jetson.ai,
an innovative voice-first commerce platform, at
On June 18, two finalists will be selected by our VC judges
Jim Robinson, Hans Tung, Robin Li and
Brian Cohen to compete globally in Beijing in early August, and win free office space for 1 year, access to an accelerator and loans, grants and funding up to $200,000.
Tech entrepreneur, VC and author Andrew Romans has a new book out, Masters of Blockchain. It masterfully delves into case studies of recent ICOs and explains all the terms you need to know to understand this new technology that will (?) rock our world.
At a blockchain panel he moderated in New York, I learned several things from panelists Alex Mashinsky of Celsius Network, Joseph Stolte of Lottery.com and Purpose First Ventures, Eran Eyal of Shopin and Justin Jung of Alchemy Coin.
"There is no killer app for blockchain after 10 years,"
"95 percent of ICOs will go to 0" "Bitcoin is the "world's largest gambling casino" "if I were raising an ICO fund, I would go to Asia."
Makes sense since the biggest blockchain markets are in Asia!
Also, I noted that I was about the only woman in the room! Maybe women aren't risk-takers, commented a fellow audience member.
If you want to know more about blockchain innovation, come hear our own panel of experts at
Meituan, which started as a copy of GroupOn in China, managed to outlast hundreds of other knock-offs, merged with a rival and went on to become one of China's so-called super apps, is heading toward an IPO in Hong Kong of $6 billion. As we know, GroupOn was one of the failures in China that was out-maneuvered by Metiuan.
The merged Meituan-Dianping unicorn, one of the world's highest-valued private companies, is the same company that bought bike-sharing company MoBike in April for $3.7 billion. Venture investors behind them are Sequoia Capital China and Northern Light Venture Capital.
This makes two of China's second-tier tech giants heading to IPOs in Hong Kong. Smart hardware maker Xiaomi is the other, as we reported last week.
Shares of Chinese after-school tutoring service Puxin traded up 25 percent on the NYSE this past Friday to raise $122 million.
The IPO uptick came after a
Muddy Waters
report a few days before the public offering claiming that another Chinese education company,
TAL Education
, had inflated its profits. Shares in other Chinese education companies fell in the wake of the report and news that short-seller
Carson Block
compared
TAL
to
Enron
.
Management at Puxin, including CFO
Penn Wang who was at NYSE, must have been relieved that their IPO happened. But then again, it's becoming fairly commonplace for China's fast-growth companies to head to New York to raise money.
Read more at
Forbes:
Puxin uptick
DEALS
Hillhouse Capital
has led a $200 million investment in AI startup
Yitu Technology
in Shanghai.
Ant Financial bets on China's staffless snack bars, strategically invests in Xingbianli, along with Lightspeed China and others.
Tencent is reportedly (WSJ) nearing a deal to buy 10 percent of South Korean-based videogame maker Bluehole at more than $5 billion from existing investors. Some US VCs may also participate in the investment.
Patsnap, a Singapore IP platform startup that Silicon Dragon highlighted in a tech chat in 2016, has scored a $38 million investment from Sequoia Capital China and Shunwei Capital.
Rakuten is buying Curbside, a same-day delivery app, extending its presence in the U.S. Venture investors included AME Cloud Ventures, Index Ventures and Qualcomm Ventures.
FUNDS
Sequoia
partner
Matt Huang
joins forces with
Coinbase
founder to start a crypto fund.
FEATURED VIDEO
Silicon Dragon's
Rebecca Fannin
was interviewed by China's global business program on China Global Television Network about Chinese tech trends featured at
CES Asia
in Shanghai.
EXPERT VIEW
How did
Douyin
(
Tik Tok
), the short video app
made by $30 billion valued Chinese media startup
ByteDan
app
ce
, reach 150 million daily active users in less than 2 years and became the world's most downloaded iOS
?
"Where there is content, there is commerce."
Click on
8 lessons here
from Hans Tung and Zara Zhang of GGV Capital. And
yes, it's a GGV portfolio company!
NOTEWORTHY
The latest addition to China's surveillance toolbox:
RFID chips in windshields to track cars, becoming mandatory for new cars in 2019.
WSJ,
chips.
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