Silicon Dragon News 
March 2011 
 Featured Event: May 25

Kai-Fu Lee, 5 top

venture capitalists

 spotlight the next Youku

or Dangdang.

Plus CEOs of Beijing's
leading startups 
reveal their winning strategies.


Rebecca w Kai-Fu Lee


Featuring panelists

Kai-Fu Lee of Innovation Works, Hans Tung of Qiming Ventures, Jenny Lee of  GGV Capital, Richard Hsu of Intel Capital, Ruby Lu of DCM,  Sherry Xiaowei Ying, Morrison & Foerster,

and Sonny Wu, GSR Ventures

Moderator: Rebecca Fannin


Tech Chats with Founders

Fritz Demopoulos of Qunar

Pat Chan of Borq's 

Moderator: Daniel Quon, SVB


Highlighting Our Silicon Dragon Entrepreneur of Beijing Award: Presented by KPMG




 Cocktail Reception

Buffet Dinner


Tsinghua Science Park 
May 25, 2011,  4pm-8pm 
Thanks to our sponsors
Morrison & FoersterKPMG, GSR Ventures, SecondMarket, SVB Financial Group

Marketing partners:
 AAMA, Great Wall Club, CCICE, Mobile Monday


Greylock ups fund to $1 billion

and forms growth fund. What share will China get?



Chinese search engine Qihoo 360,

backed by Sequoia, IDG and CDH,

plans to list on NYSE

 and raise $200 million


NetQin Mobile heads to NYSE

for $100 million listing on

Shenzhen Stock Exchange,

with venture funding from

GSR, Fidelity Asia,

Ceyuan and Sequoia


DCM portfolio company

in green packaging materials, 

Shanghai  Luxin,

raises $159 million in trading debut

on Shenzhen Stock Exchange 



GSR Ventures invests $4 million in

Tapas Mobile, a

Chinese Android platform

incubated by Innovation Works


DCM, Legend, Sequoia, Phoenix

 invest $20 million in

grad student training startup,

Beijing Man Xie

Education Science and Technology


Cosmetics group buying site raises $20 million

from Sequoia Capital China





Global Mobile Internet Conference

Great Wall Club

April 27-28, Beijing



Cleantech Startups in the US and China


April 26, Silicon Valley


China RMB Funds


April 22, Beijing




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Silicon Dragon News






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China's Facebook Could be Next Big Tech IPO


Joe Chen

Chinese entrepreneur Joe Chen could claim title to the next hot Chinese tech IPO when his Beijing-based social networking brand Renren goes for a $500 million public listing on the NYSE this spring.


Renren should reach an estimated market cap of $2 billion to $3 billion when investment bankers Morgan Stanley, Credit-Suisse and Deutsche Bank take the startup public, putting its IPO on par with two recent China debuts on Wall Street, YouTube lookalike Youku and Amazon replica Dangdang. It's the first Chinese lookalike brand to go IPO ahead of its American counterpart.


Chen's venture investors have $500 million-plus riding on Renren's success. It's the fourth of the Silicon Dragon companies I profiled in my book to go IPO.  Read Silicon Asia @ Forbes, Next Big Tech IPO.  


China Keeps Rising in the Global Ranks for Patent Filings 


U.S.         44,855         27.5%    - 1.7%  

Japan       32,156         19.7%    + 7.9%

Germany   17,171         10.5%    + 2.2%    

China        12,337          7.6%    +56.2%

S.Korea      9,686           5.9%    +20.5%                      


 Source: WIPO

International Patent Applications


eBay Tries Vietnam, Post-China

Did eBay learn any lessons from its botched entry to China? That question is about to be answered in Vietnam, where eBay has acquired a 20% interest for $2 million in local e-commerce player Peacesoft Solutions. This time, eBay is moving more cautiously into a new market by partnering then purchasing a smaller chunk before an outright purchase.

That wasn't the case with Eachnet in China, the startup it acquired for $180 million in 2003 only to see it fail four years later and merged with Tom Online.

Read Silicon Asia @ Forbes: Next Step for eBay




  • Chinese Battle For Microblog Supremacy. Sina's Weibo Goes Beyond a Twitter Clone and Gains 100 million users.  See FT       


  • GroupOn China is launching in Beijing and Shanghai as Silicon Dragon sources say new hires are coming from Ivy League campuses and have a mandate to build out service in second tier cities. GroupOn China has funding from Jack Ma's Yunfeng Capital and Tencent.  See Bloomberg


  • Sina makes a deal to spend $66 million to acquire a 19% stake in Chinese online retailer Mecox Lane. In a related transaction, sportswear seller China Dongxiang takes a 10% stake in Sequoia Capital-funded Mecox. See Yahoo Finance



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Silicon Dragon is in the Valley writing her next book and prepping for Tsinghua Science Parkthe BIG EVENT in Beijing, May 25, 4-8PM.    




Silicon Dragon Beijing 2011



Venue: Tsinghua Science Park

Sunshine Club Atrium 



Recap: Silicon Dragon Frontier event
Tai, Baker, Mok

Bill Tai of CRV, Richard Baker of Sydney's MLC, Peter Mok of KLM 


Some 200 guests turned out for our China, India & The Next Frontier Event on Feb. 9 to hear panelists Bill Draper, Bill Tai, Jake Seid of Lightspeed, Claudia Fan Munce of IBM, Chris Evdemon of Innovation Works, Ajit Nazre of Kleiner, Charles Comey of MoFo and Keith Larson of Intel Capital contrast deals and

investment returns in China and  



Most bets were on China thanks to success stories like Suntech, but India is on the rise with strong IPOs such as Indian startup MakeMyTrip on NASDAQ. Tech chats featured Q&As with Andrew Beebe of Suntech and Vispi Daver of Sierra Ventures, a VC investor in MakeMyTrip.  


Promod Haque, Claudia Fan Munce


See Frontier Photos 


View Videostream 

of event, featuring  VC investors and leading entrepreneurs.






Silicon Dragon 2011 Events


Sand Hill Road, Feb. 9: China, India & The Next Frontier

Beijing, May 25: Beijing Venture Booms

New York, Sept 8: IPOs, M&As & Returns 

Silicon Valley, Oct 6: Chinovation 

Shanghai, Nov 7: Startups Battle the BAT

Hong Kong, Nov 9: Venture VIPs




For Speaking and Sponsorship Opportunities, contact

[email protected] 





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 March 26,  Rebecca was a panelist at a Yale University conference chaired by Morgan Stanley Asia excutive chairman Steven Roach.  See  Asia Tomorrow.

On March 3, Rebecca was the EMCEE for the InvestHK Financial Services luncheon at Sheraton Palo Alto.