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Deals / IPOs / Returns
China Style
September 8
NASDAQ MarketSite
We will ring the closing bell!
Keynote:
Peter Lighte, Chairman
JPMorgan Chase China
Panelists:
David Chao, DCM
Barry Silbert, SecondMarket
James Robinson IV, RRE Ventures
Robert Pietrzak, Sidley Austin
Porter Bibb, MediaTech Capital
Ron Posner, eChinaCash
Tony Florence, NEA
Moderator: Rebecca Fannin
Chinese up and comers are following the lead of Baidu founder Robin Li to U.S. IPOs yet risks and challenges keep multiplying. What are the best startup and investing strategies?
Closing Bell Ceremony: 4PM
Welcome:
Bob McCooey, NASDAQ OMX
Program: 5-7PM
Keynote & Panels
Cocktail Reception: 7PM-8PM
Thanks to our sponsors:
Sidley Austin, NASDAQ OMX
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DEALS
GSR-funded Qunar draws
$306 million from Baidu for majority stake in travel search site. Qunar founder Fritz Demopoulos was a featured panelist at Silicon Dragon Beijing, just weeks before the deal news broke. It's a Richard Lim deal at GSR.
VC Tim Draper has purchased a San Mateo hotel landmark for a bargain $6 million in an auction. Will he turn the vacant lodge into a lab for startups?
Dangdang co-founders set to purchase up to $2 million in shares of their NYSE-listed site within the next 6 months.
Sequoia funds another
ecommerce startup in China, Beijing-based Eshop
IPOs, Listings
GGV-backed video sharing site Tudou resumes plans for IPO after November 2010 listing was called off. Rival Victor Koo at Youku beat Gary Wang to Wall Street and scored in December 2010.
Qiming-funded kid's entertainment site Taomee gets through NYSE gate
Xunlei postpones a planned $200 million IPO on NASDAQ due to market volatility. Silver Lake-funded Nobao Renewable Energy and Orchid Asia deal, China Outfitters Holdings also have stalled public offerings due to the roller coaster on Wall Street.
FUNDS
Qiming Ventures jumps in with a $450 million fund -- its third and largest -- and plans to raise a RMB fund of $108 million. See Forbes post:
Do That Victory Lap Soon!
China: The New Asssertiveness
A new "we own the world" mentality can be spotted in the can-do, pushy attitude of street-smart whiz kids who think nothing of butting into a taxi line, blowing smoke in your face, or showing up last minute, uninvited. Observations from my recent stay in China,
Beijing in Your Face
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Send News and Views to
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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"It's GREAT to Have a Bubble!"
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Silicon Dragon Beijing 2011 Panelists Chris Evdemon, Jim Boettcher, Jenny Lee, Hans Tung, Ruby Lu, Richard Hsu, Sonny Wu, Steven Ji |
QUOTABLES
Is there a bubble in China venture investing? Sure. And who could be more upbeat about it than the leading venture capitalists in Beijing and Shanghai. "It's great to have a bubble," said Sonny Wu, managing director, GSR Ventures. "Bubbles are great," agreed Richard Hsu, managing director, Intel Capital China. "We're in the midst of a bubble but a good bubble," added DCM general partner Ruby Lu.
What the heck? Read Silicon Asia @ Forbes, Bubble Pop Time?
PHOTOS
For photos of our Silicon Dragon Beijing 2011 event, click PIX. | |
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China RMB Funds Jump Over $ Funds
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Q 1 2011 #funds Amount
China 26 $3.098
U.S. 3 $ .260
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Source: Zero2IPO
Note: amount is in $ billions |
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India's MakeMyTrip Makes China's Tech IPOs Look Bad | |
 India's MakeMyTrip makes the newly traded China tech stocks look bad by comparison. The Indian travel site listed on NASDAQ last August and -- no reverse merger here -- still ranks as one of the top IPO performers. While shares of China tech newcomers on NASDAQ and NYSE have been on a roller coaster ride, MakeMyTrip is holding steady. Could it have something to do with business fundamentals? See photo of MakeMyTrip investor Vispi Daver of Sierra Ventures with NASDAQ's Bob McCooey.
See my Forbes post: Score 1 for India
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Silicon Dragon Entrepreneur of Beijing:
Si Shen, CEO & Co-Founder, Papaya Mobile |
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Papaya Mobile Winner Si Shen with KPMG Partner Hermann Cheung |
Silicon Dragon is proud to announce our series of awards honoring the top entrepreneurs in Beijing, Shanghai and Hong Kong.
Our first award winner was Si Shen, CEO & Co-founder of Beijing-based Papaya Mobile, a gaming and social networking site that runs on Android smartphones.
Shen received her award at our Silicon Dragon Beijing program at Tsinghua Science Park, China's Sand Hill Road. Presening her the award was Hermann Cheung, partner at our series sponsor KPMG.
Papaya Mobile is funded by DCM and Keytone Ventures.
Criteria and judging info:
Silicon Dragon Award Series
Inquiries
events@siliconasiainvest.com
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GroupOn CEO Shows 4 Expats The Exit Door in China
CEO Andrew Mason just arrived in China in early June and didn't waste time shaking things up. Four expatriate execus who were recruited from rival site Ftuan four months ago got the shove.
Their exit coincides with a move to bring international operations under U.S. management oversight after a bumpy start for the brand in China.
Will the shake-up or is this soon to be another example of a failed American brand in the Mainland?
Did we mention there are more than 1,000 GroupOn clones in China, several of them funded by venture capitalists we know.
Meituan.com was backed by Sequoia Capital, Manzuo.com was financed by Kleiner Perkins, and Dianping.com was funded by Qiming Ventures, Lightspeed Venture Partners and Sequoia Capital. Lashou raised $110 million from GSR Ventures and Norwest Venture Partners after turning down a buyout offer from GroupOn in early 2011.
Read Silicon Asia post at Forbes: GroupOn China exodus
FOLLOW US!
Follow Silicon Asia @ Forbes
Follow Twitter: @rfannin and @silicondragon | |
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SILICON DRAGON EVENTS 2011
Sand Hill Road, Feb. 9: Chindia & The Next Frontier
Beijing, May 25: Beijing Ventures Bloom
New York, Sept 8: IPOs, Exits & China Returns, NASDAQ
Silicon Valley, Oct 6: Chinovation, Rosewood Sand Hill
Shanghai, Nov 7: Startups Battle the BAT, Portman Ritz-Carlton
Hong Kong, Nov 10: Venture VIPs, China Club
2011 Events
FEATURED EVENT: NEW YORK CITY
Silicon Dragon Will Ring the Bell at NASDAQ closing, Sept. 8!
Special Invitations Going Out Soon!
For Speaking and Sponsorship Opportunities at Silicon Dragon events, please contact us:
events@siliconasiainvest.com
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