Silicon Dragon          NEWS                     September 2012



on Sand Hill 2012

   What's Next?

Silicon Global



Venture Capital Pulse:

China at the Crossroads

Dixon Doll, DCM
Feng Deng, Northern Light VC
Stella Jin, Keytone Ventures
Stuart Schonberger, CDH 
Chuck Comey, Morrison & Foerster
Dealmaker Checkpoint: 
Going Public or Private, or M&A  
David Lam, WestSummit Capital
Brad Bao, Tencent
David Chen, VanceInfo
Melissa Ma, Asia Alternatives
David Williams, Williams Capital
Moderator: Eric Savitz, Forbes
Market Brief: Brazil and China 
Claudia Fan Munce, IBM Venture
with Andy Tsao, SVB 
Tech Chat:
Bill Tai, Maxthon with Silicon Dragon
Innovation Trends:
Gary Matuszak with Silicon Dragon
Porter Erisman, A Dragon Enters the Yangtze (Alibaba) 
MC: Rebecca Fannin, Silicon Dragon



 WHEN: October 3, 5-9pm

WHERE: Rosewood Sand Hill ballroom

2825 Sand Hill Road

Menlo Park, CA

PROGRAM: Venture Pulse, Dealmaker Checkpoint, Market Brief, Tech Chat, Innovation Trends, Q&A, Networking, Cocktail reception
    PRICING: $80

 and reserve your seat!


Thanks to Our Sponsors:


 Morrison & Foerster, KPMG,  

Silicon Valley Bank, InvestHK
Marketing Partners:
CCICE, Asia Society.
SFentrepreneur, AAMA


For more info, email 

Silicon Dragon MC  




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An End to the Low-Hanging Fruit in China VC
Silicon Dragon Shanghai 2012 VCs & angels David Chen, Richard Chen, Richard Liu, Hans Tung, Jake Seid, Jenny Lee

 Venture capitalists who trekked from Silicon Valley to China starting in 2005 had it easy compared to now. 

Then, the Internet playing field was wide open, leadin

Frank Giglio, NASDAQ with Joseph Chan, Sidley
Frank Giglio, NASDAQ; 
Joseph Chan, Sidley Austin

g positions not yet taken, returnee entrepreneurs plentiful and everyone eager to make a fortune. Not so fast. With every boom, there is . .  . 

Read Silicon Asia  post at Forbes.  

Check out more Silicon Dragon Shanghai 2012  photos and videos.
 Hans Tung, Qiming with David Li, YY  Feng Hong, Xiaomi with Arman Zand, SVB     
  Silicon Dragon Shanghai 2012 tech chats: Hans Tung, Qiming   Ventures with David Li, YY Inc; Feng Hong, Xiaomi Technology
with Arman Zand, SPD Silicon Valley Bank


Congratulations to our Silicon Dragon Entrepreneur of Shanghai 2012

Steve Mushero with KPMG partner Linda Lin

Steve Mushero, founder & CEO of ChinaNetCloud,China's oldest cloud computing company, with KPMG partner Linda Lin, who led a tech chat with our award winner. 

See video of their chat at our Silicon Dragon channel on Youku.    


Silicon Dragon at Alibaba HQ
Silicon Dragon posing at Alibaba HQ in Hangzhou with Jack Ma's sculpture. 


Open Sesame for Alibaba Global  

The next wave for China's Internet companies is to go international. It's perhaps inevitable for trail-blazing Chinese startups such as Alibaba, Tencent and Baidu that entered the information superhighway some 10 years ago and rapidly progressed to full-fledged rivals to Amazon, eBay andGoogle in China. Taking this next step is not so far-fetched considering that Tencent is already buying startups in the U.S., Baidu has entered Japan, and Alibaba forged into the U.S. during the dotcom boom and now sports sales and marketing staff in Silicon Valley.

This weekend, I'm in Hangzhou at Alibaba's annual AliFest gathering for China's small business leaders, and the worldly view is a recurring theme here. The international outlook is a still-subtle but telling shift for China's leading web brands such as Alibaba, which runs the country's online trading and e-commerce site. See Silicon Asia post, AliFest, at





Rebecca Recommends 

Rebecca with coach Michael Owen
Getting a golf lesson from pro coach Michael Owen, who's recently moved from San Diego to Shenzhen, China to be where the action is at Mission Hills, the largest golf course there is.  






GSR Ventures teams up with Oak Investment to bring Western tech to China

Silicon Dragon is hearing that GSR Ventures is teaming up with Oak Investment Partners on a new fund designed to invest in Western tech innovation and bring it to China.  New energy and wireless infrastructure are two sectors that are earmarked for funding. 

One such deal they've already done together is Protean Electric, a US-based startup entering China with an innovative electric drive technology that will be manufactured in Liyang. GSR, Oak and The New Times Group of Liyang invested $84 million in Protean in second rounding funding in July 2012. Oak led the first financing in Protean.


Kai-Fu Lee opens Shanghai shop and ropes in $224 million for a second fund

Innovation Works has closed on $224 million for its second fund, which is targeting $275 million for investing in China startups. Kai-Fu Lee's incubator and startup accelerator also has expanded from Beijing to Shanghai, opening an office with Xiaona Feng and Brad Chen near the city's new high-tech hub at KIC (Knowledge & Innovation Community).

In other news, Innovation Works has backed online video and Internet TV firm LeTV, a Shenzhen-listed firm that spun off a separate smart TV unit in Tianjin.  


Dispute over shorting Chinese companies heats up 

The public argument between a group of Chinese executives led by Kai-Fu Lee, the former head of Google China and founder of Innovation Works, and Andrew Left of Citron Research, an investment firm known for shorting Chinese companies, has escalated after both sides got their lawyers involved. See TheNextWeb.


Draper University gets outfitted to train IT heroes

Tim Draper's new entrepreneur school in San Mateo, Draper University, has hired academic pro Carol Lo from the Berkeley-Columbia executive MBA program, where she was acting director to lead its new program in educating future tech superheroes.  


Asia BrandTech fund chasing US-Asia venture deals

Parallel entrepreneur and investor Henry Wong has teamed up with fellow MDs Robert Buckeridge, Michael Gale and Steven Tochin at Asia BrandTech, a $220 million venture fund based in San Francisco and focusing on cross-border US-Asia deals.


Going Dental in China

Warburg Pincus and OrbiMed jointly invested in a Chinese dental company offering cosmetic procedures to the new high net worth Chinese consumer. 


China's Renren buys into U.S. startup

Social networking and gaming company Renren invests $49 million in innovative firm SoFi, which offers U.S. student loans and a social platform for keeping track of fellow alumni. DCM is an investor in both SoFi and Renren. No doubt David Chao of DCM was  instrumental in making the deal happen. 




Chinese Direct Investment in California, Oct. 10, 1-6pm, Asia Society Northern California, San Francisco

Hong Kong IT Business Lunch, Oct. 10, noon, Hong Kong Economic & Trade Office, Santa Clara




Silicon Dragon

Next Event: Silicon Dragon Hong Kong 2012

China Club Hong Kong, November 15, 2012

Rebecca at China Club Hong Kong 

Invite only to our Silicon Dragon Network

of Venture VIPs, Tech Stars and LP Powers



 KINDLE OFFER Frank Yu and Kindle edition


Fans of the Kindle electronic reading device can order a digital edition of

Startup Asia for only $9.99. Just click Kindle. That's Beijing entrepreneur Frank Yu displaying his Kindle edition with the author of Startup Asia.


KPMG Innovation Summit
KPMG Innovation Summit, Hong Kong, Sept. 25 
See Mobilizing Innovation  Survey and Report
Asian Entrepreneurship Forum
Asian Entrepreneurship Forum, Macau, Sept. 20


Contact Leading Authorities in Washington, DC for speaking engagements and bookings