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Silicon Dragon News
February 2011
Happy New Year 新年快乐 |
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Featured Event:
The Next Asian Frontier for Startups
8 top venture investors spotlight the next Youku or Dangdang from China. Intel and IBM corporate investors highlight Vietnam and the new Silicon Valley hotspots of Asia. Suntech America's president Steven Chan reveals why the Chinese solar company powered up in Arizona. MakeMyTrip investor Sierra Ventures shares how India's online travel site achieved a breakthrough IPO on NASDAQ.
Featuring panelists Ajit Nazre of Kleiner Perkins, Bill Tai of Charles River Ventures (above) plus Bill Draper of Draper International, Jake Seid of Lightspeed Ventures, Chris Evdemon of Kai-Fu Lee's Innovation Works plus Q&As with Suntech and MakeMyTrip
Rosewood Sand Hill
Menlo Park, CA
February 9, 2011, 6pm-9pm
Register:
Thanks to our lead sponsors Morrison & Foerster, KPMG, Wells Fargo, NASDAQ Join us for a Chinese New Year reception hosted by K&L Gates
Media partner: DingDing.TV Marketing partners: CCICE, CSPA, IVCA, SFentrepreneur, Asia Society
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Funds
Sequoia Capital raises $1.3 billion! to finance MORE startups in China and the U.S.
Sequoia's Neil Shen
Tencent sets up a $760 million fund to invest RMB in online gaming, media and e-commerce startups in China
IPOs
Veteran venture investor Lip-Bu Tan of Walden International scores a Shenzhen IPO as its investee Fujian Hiayuan Automatic Equipment raises $561 million
DEALS
New Margin Ventures of Shanghai injects $20 million into digital marketing startup Panshi Information Technology
GSR Ventures joins in on 3rd round of funding for online flash retailer in China, VIPStore
Silicon Valley Engineering Council
Banquet and Hall of Fame induction
SVEC
GCC
February 12, Princeton University
Financial Services Luncheon
March 3, Sheraton Palo Alto
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Silicon Dragon News
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硅谷龙：中国如何打赢高技术竞赛
BUY THE BOOK
SILICON DRAGON
Buy Chinese Edition Click DangDang.com |
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Timing could be right for eHi IPO in US
For  Founder and CEO Ray Zhang, it's all about timing. The market for Chinese IPOs is hot and his vehicle rental service is riding high on China's love of the automobile.
Plus, his investors−led by Qiming Venture and Ignition Partners in 2008, joined by CDH and JAFCO in 2009 and Goldman Sachs in 2010−are poised to profit from putting $100 million in eHi.
At our Silicon Dragon 2010-Shanghai event, Zhang (right) told us he wasn't in a rush to take eHi public. But now that the market-leading and profitable e-Hi is geared to double sales to $61 million this year and the investment banks are primed, the big opportunity to cash out from the 2006 vintage startup could be now.
As eHi has ramped up, Silicon Dragon has been tracking progress made by its founder−a computer science geek who honed his entrepreneurial skills at a U.S. software startup and topped that off with an MBA from the prestigious CEIBS in 2005. We reported on Zhang's milestones in a column for Forbes. | |
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Venture Capital Deals Climb but Don't Near 2007 Peak, Fund Raising Inches Up in Asia | |
Chindia leads rebound with 60% of Asia deals in 2010
# of Deals
2010 2009 2008 2007
Asia + 9.5% 808 738 1290 1512
China + 21% 303 250 475 574
India + 24% 211 170 294 290
US + 6% 2799 2636 2817 2823
China, India dealmaking more than doubles in 2010
Investment $
2010 2009 2008 2007
Asia + 63% $15.6 $ 9.6 $21.8 $26.4
China + 145% $ 7.6 $ 3.1 $ 9.1 $ 8.7
India + 132% $ 5.8 $ 2.5 $ 8.3 $10.3
US + 11% $26.2 $23.6 $31.0 $31.4
Fund raising remains in ditch but on slow incline in Asia
Fund raising $ 2010 2009 2008 2007
Asia + 21% $ 3.5 $ 2.9 $ 7.2 $ 6.3
China + 13% $ 1.7 $ 1.5 $ 4.0 $ 3.8
India +100% $ .6 $ .3 $ 1.4 $ .6
US -14% $11.6 $13.5 $24.7 $33.1
$ in millions
AVCJ, Dow Jones | |
Fund raising indicators: 38+ IPOs in pipeline with China again in parade. Plus: 445 M&A deals in US raised $33.9 billion in 2010, up 17%. |
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Tech buzz shifts to China |
- Quora gets a made-in-China clone: ZhiHu Does it have what it takes? Only in China.
- Tencent sets up $760 million fund to invest in Chinese startups and joint ventures with Groupon too.
- Groupon rushes to China, hiring 700 and setting up in same building as Ushi. But did its China marketing director already quit? Better odds to succeed than eBay? Probably-it's a retail play.
- Carnegie paper: Home-grown innovation in China is a "healthy, positive development."
- Davos: Global (read China, India) power shift coming to tech as innovation rises. Baidu, Dangdang and Youku get credit.
- Guardian: Truth or fiction that Chinese stealth fighter jet "borrowed" from U.S. technology?
- Jim Breyer of Accel: "One-third of the market capitalization created by Internet and media companies will come from China." Kai-Fu Lee: "It will be a long time before China really has something significant, like an Apple, Facebook or Google."
- Google's Eric Schmidt is searching for a Chinese partner for the Android mobile phone system.
- Is China's Rollicking VC business headed for a reality check?
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 | Follow Silicon Dragon on Twitter |
 Silicon Dragon is in the Valley during Chinese New Year writing her next book and prepping for the BIG EVENT on Sand Hill Road, February 9, 6-9PM. Join us for HOPPING content and a reception to welcome the Year of the Rabbit.
Venture investor and panelist Bill Draper will bring some extra copies of his new book, The Startup Game.
Sign up for Silicon Dragon Frontier Event |
The tempest over Dangdang's IPO 
You can bet that Dangdang co-founder Peggy YuYu never wanted to be so high profile. She recently held a press conference in Beijing after her business partner and husband Guoqing Li got into an online yelling match with an unidentified female blogger claiming to be a Morgan Stanley investment banker. The dispute was over claims that the pricing of the online retailer's IPO was undervalued. There may be some lessons learned here for other Asian startups heading to Wall Street. |
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Silicon Dragon 2011 Events
Sand Hill Rd, Feb 9: China, india & the Next Frontier
Beijing, May 25: Cleantech & New Horizons
New York, Sept: IPOs, M&As & Returns
Silicon Valley, Oct 6: China Innovation: Reality or Dream?
Shanghai, Nov 7: Startups Battle the BAT
Hong Kong, Nov 9: Venture VIPs
SIGN UP NOW FOR LIVE WEBCAST
China, India & the Next Frontier, Feb. 9
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KINDLE OFFER If you are a fan of the new Kindle electronic reading device and would like to order a digital edition of Silicon Dragon, just click Amazon. The Kindle edition is available for only $14.97. | |
For Speaking Engagements and video clips of presentations, see
See her schedule at Talks.
On February 3, Rebecca co-hosts the Internet TV program Innovation Dialog, with anchor Diana Ding. See DingDing.TV.
On February 24, Rebecca will be the EMCEE of the annual awards banquet held by the Silicon Valley Engineering Council.
On March 3, Silicon Dragon will be the EMCEE for the InvestHK Financial Services luncheon at Sheraton Palo Alto. |
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