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FEATURED EVENT:
Silicon Dragon
Social NY 2013
Celebrating
The New Year Season
with Art and Wine Plus
Some Innovative Talk
As the Year of the Dragon
gets ready to morph into the Year of the Snake, it's time to celebrate another great season with a who's who in the Silicon Dragon network.
Chinese New Year 2013,
New York City
By Invitation Only
For more info and
sponsorship opportunities, email
events@silicondragonventures.com
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BUY
STARTUP ASIA
Write Your
Review
on Amazon
"Follows the money to see where we should be placing our next bets in the world of technology."
The Economist
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Click to Order Startup Asia and Silicon Dragon in Vietnamese from VinaBook
Buy on Amazon
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2013 Calendar of
SILICON DRAGON EVENTS
LONDON, February
NEW YORK, March
HONG KONG, April
BEIJING, May
SHANGHAI, Sept.
SILICON VALLEY, Oct.
HONG KONG Social, Nov.
(plus VIP dinners and receptions)
For sponsorship and speaking opportunities, email
Thanks to our 2012 sponsors:
KPMG, Silicon Valley Bank,
Sidley Austin, NASDAQ,
Morrison & Foerster, InvestHK,
Shui On Group,
Murray Hill Properties,
Shandong Province,
DLA Piper, DCM
Thanks to our marketing partners:
AAMA, AngelVest, Asia Society, CCICE, MobileMonday, DingDing.TV, IVCA, CSPA,
Bay Area Council, Startup Up Digest, SFEntrepreneur
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Tencent's WeChat Speeding Past QQ
 | | Tencent's international trio Ian Chan, Poshu Yeung and Norman Tam at China Club for Silicon Dragon HK 2012 |
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Imagine a mobile phone 'app' so appealing that it reaches 200 million users within eight months of launch without any promotion and quickly spreads to 30 countries.
That's Tencent WeChat, the highly popular text and voice messaging service from China that is becoming the 'must have' communication tool among the global technorati.
WeChat is one of the first tech services from China to tap an international customer base and to sport more users outside the home country than domestically.
Even Poshu Yeung, VP of Tencent's international group, admits he's a little surprised by how quickly WeChat took off. He notes that WeChat is surpassing QQ, its wildly popular instant messaging service in China, in its adoption rate internationally - partly because the name of the service was changed from Weixin or micro message to the easily pronounceable WeChat.
Yeung (see photo) was recently named Silicon Dragon Entrepreneur of the Pearl River Delta 2012 at our event recognizing the break-out success of WeChat.
Read how WeChat became a hit at Tencent @Forbes.
Silicon Dragon HK 2012 Pix
Above: Glen Browley, Iain Reed, Vicky Wu, Hurst Lin, Rebecca Fannin
Charles Ng, Egidio Zarrella, Poshu Yeung, Thomas Chou
Thanks to our sponsors:
Morrison & Foerster, KPMG and InvestHK
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Chinese Startup YY Goes For the WoW by Going Public Now
 | | YY startup team Jenny Lee, Richard Liu, Alex Hartigan, David Li, Lei Jun and Hany Nada. |
After their "all road, no show, roadshow" during the midst of Storm Sandy, when the startup team at the just-listed Chinese startup YY decamped to a freezing Motel 6 in Cincinnati on a long drive from New York to Chicago after their flight was cancelled, the rest might go a bit more smoothly.
At least that's what the co-founders David Li and Lei Jun were hoping as stock in their Chinese startup began trading this morning on NASDAQ. So were YY's venture investors in New York today from Shanghai: Richard Liu of Morningside Ventures, Alex Hartigan of Steamboat Ventures and Jenny Lee of GGV Capital. (See Silicon Dragon photo). And the investment bankers too, here from Hong Kong: Morgan Stanley, Deutsche Bank and Citi.
For team YY, it's a daring move to prove that Wall Street might still learn to like Chinese tech stocks again.
Read YY's debut on NASDAQ @ Forbes.
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REBECCA RECOMMENDS
Ritz-Carlton Hong Kong
Where else can you check in on the 102nd floor, dine while overlooking the harbour, watch window washers from the sky-high gym and best of all, go straight from the Airport Express Station through the shopping mall to the lobby without ever going outside. That's Hong Kong efficiency, best in the world!
TRENDING ON TWITTER
@rfannin at the Norwest Venture Partners holiday party, folks are taking bets on how much accumulated net worth is in the room. This is the 1% of the 1% in the US.
@ericjackson
Study Says Alibaba's Tmall Will Overtake Amazon as the World's Biggest Ecommerce Site by 2015
NEW FUNDS
FountainVest shows its muscle, raising a second fund of $1.3 billion for China in 8 months.
Hina Group goes Californian with a wine fund of $100 to invest in Napa and Sonoma wineries, most likely with Chinese money.
NEW DEALS
Kai-Fu Lee"s Innovation Works does another China deal, this time in LeTV, a TV operation that aims to make Smart TV akin to smartphones.
Fidelity's Asian private equity funds teams up with Lilly Asia Ventures to back Chinese biomedical startup China Innovent with $23 million.
Ontario Teachers' Pension Plan leads a $300 million round of funding for 360Buy.com, China's large business-to-consumer e-commerce website.
TRANSACTIONS
RESEARCH
Through the first nine months of 2012, venture capital investment in China totaled US$2.7 billion for 150 deals, a 44% decrease in capital and 44% fall in deals from the same period last year, according to Dow Jones VentureSource.
NEW BOOKS
by James McGregor
Amazon blurb: In the past three  decades, China has risen from near collapse to a powerhouse -- upending nearly every convention on the world stage, whether policy or business. China is now the globe's second largest economy, second largest exporter, a manufacturing machine that has lifted 500 million of its citizens from poverty while producing more than one million US dollar millionaires.
Then why do China's leaders describe the nation's economic model as "unstable and unsustainable"? Because it is.
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