SILICON DRAGON NEWS
SiliconDragonventures.com      @SiliconDragon               June 17, 2019         
Featured Events

Silicon Dragon 
Night
Hong Kong

Superpower Face-off: US - China
Discussion & Debate
featuring
Rebecca Fannin,  
Tech Titans of China 
& Edith Yeung, 
China Internet Report

Bar 6, Hong Kong
July 10, 6pm-10pm

Silicon Dragon LA 2019

Stella Li, President,
BYD Motors

 

Day One Opener
US-China Superpower 
Debate
Tech Titans 
of China
 Book Signing
VIP Reception

Day Two Forum
Mobility Innovations
Sino-US VC Trends

Rooftop Party
 
Pre-order on 
Amazon

"A Must Read!"
"We Need This 
Book Now!"


Bulk book sales:  
melissa.carl@hbgusa.com

Represented by 
Washington, DC

 Join

Silicon Dragon Circle

VIP Invitations
Special Event Discounts
Introductions


FOLLOW US
@RFannin
@SiliconDragon

Speaking Gigs 

Rise 
Hong Kong

Commonwealth Club
San Francisco
July 30

Rotman School
University of Toronto

MIT Enterprise Forum
Cambridge, MA

Stay tuned for book talks on global tour

Partner Event
China-Britain 
AI Summit
London
Use promo code: 
CBBF10

Mary Meeker Does Deep Dive Into China Trends In Annual Internet Report - 
With Good Reason
       
 
Mary Meeker's Internet Trends report delves into many of China's most innovative companies: Pinduoduo in mobile commerce, Meituan in superapps and TikTok in 15-second video apps. The report shows how far Chinese companies have come from merely copying ideas and business models from the West.
The report also details how advanced China has become in mobile payments, thanks to WeChat and Alipay.  The U.S. still favors credit cards, which never caught on in China.
Some of these Chinese innovations are now being copied by the best in the west, Facebook among them. Zuckerberg is getting a lesson from WeChat on how to effectively do private messaging in groups. Mini-shops within Facebook could be next, borrowing an idea from China's WeChat.
Meeker's Internet report sets the stage for understanding the scale of China's digital market. For a deeper dive into the strategies of China' tech titans and their grab for superpower status, check out my new book, Tech Titans of China, at Amazon and available for signing at Silicon Dragon LA 2019, July 24-25.  

VENTURE FUNDS
Several Indian VC firms are joining together to create a startup funding platform called Funders Forum
  
VENTURE DEALS
Facebook backs social commerce startup Meesho in first investment in India. The $25 million investment includes DST Partners, RPS Ventures, Shunwei Capital, SAIF Partners, Sequoia India and Y Combinator.

Qiming Venture Partners and Matrix Partners China invest in art education platform in China, 61draw.com, for children. 

Booking Holdings and Singapore sovereign wealth fund GIC co-led a $180 million, fourth round deal for Korean hotel booking startup Yanolja.    

DCM Ventures and and Source Code Capital invest $10 million, Series A in Chinese startup Cyclone, in a sector known as robotics process automation.   
   

Silicon Dragon Roundtable: NYC
Silicon Dragon's roundtable in NYC, June 13, discussed how the world's second-largest economy and its expanding tech empire can no longer be under-estimated. The rise of China's tech companies and intense competition from the sector will present an ongoing management and strategy challenge for companies for many years to come. No better way to prepare for and compete with China's Tech Titans than to be in the know! 
Stay tuned for our next meetup coming your way. 


NOTEWORTHY 
Chinese cash that powered Silicon Valley is suddenly toxic: WSJ quoting many of Silicon Dragon's VCs. 
As U.S. startups reject their money, Chinese venture capital firms in U.S. are dialing back investments, structuring deals to avoid regulators or shutting down.

Chinese cyberattack hits Telegram, an app used by protesters in Hong Kong to organize.  NYTimes 

Huawei is betting its future on a new operating system compatible with Android apps.
For years, Huawei's operating system was one of the Chinese company's best-kept secrets.
Seven years ago, behind closed doors in a lake villa in Shenzhen, Huawei executives discussed the company's vulnerability to the US because of its reliance on Android. It was there that the group agreed that Huawei must have an alternative smartphone operating system.
The world didn't find out about Huawei's secretive OS until  last year. But now it's been thrust into the limelight, positioned as a possible savior for the company after its fears came true. 
Read more at Abacus, published by Alibaba.

DATA RESOURCE
Check out this cool  infographic on the five most powerful U.S. tech giants and their influence. I write in detail about 20 Chinese tech titans in my new book, including the four most powerful: Baidu, Alibaba, Tencent and ByteDance.   

Featured Video
Senator Mark Warner on China's use of 5G and AI - 06/17/2019
Senator Mark Warner on China's use of 5G and AI, at the Council on Foreign Relations - 06/17/2019
 
Book Interviews: Tech Titans of China Issues
China-U.S. Trade War Is Just Beginning, Silicon Dragon Founder Says
" China-U.S. Trade War Is Just Beginning"
Bloomberg TV