Silicon Dragon
Speakers 6 Lead Investors in Startups 7 Superstar Tech Founders 3 Dealmakers 6 IoT Experts Plus Cocktails & Dinner Tech Founders: Aaron Lee, Jenny Lee, Eric Chen, Dato Chevy Beh, Terence Kwok, Dian Guan; Pocket Sun Investors in Tech Startups:
Shailini Sujanani, ING
Chibo Tang, Gobi Partners Jeffrey Paine, Golden Gate Ventures
Grace Yun Xia, Tencent Cindy Chow, Alibaba James Cen Bonsor, Fosun Dealmakers: James McKeough, KPMG Patrick Loofbourrow, Cooley
Where/When: HK Cyberport Ocean View Court April 14, 4-9pm
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Silicon Dragon Sponsors:
KPMG, Cooley, Cyberport
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A Tipping Point for Ventures & Unicorns SpeakersHans Tung, GGV Capital Anna Fang, ZhenFund Rui Ma, 500 Startups Akio Tanaka, Infinity Ventures Jeff Xiong, Seven Seas VC and former CTO, Tencent
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Silicon Dragon Event Series 2016 Los Angeles, July 27-28 Shanghai, September 15 Silicon Valley, October 6 Awards, November 17 Tel Aviv, December 1 ....
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Xiaomi Does First Deal In India In an increasing trend of China tech investment into India, Chinese smartphone maker Xiaomi has led a $25 million investment in Hungama, a video and music streaming service based in Mumbai. This is the first Chinese deal in India for Xiaomi, which has been angling into the Indian market. Xiaomi plans to integrate technology from the Indian video streaming service into its ecosystem of products. Following an earlier pattern of Asian venture firms investing in related business models in both China and India, now China's tech titans have begun investing in Indian startups. These tech giants look for products and services that complement their offerings and that can help them scale outside the Mainland.
Alibaba and its related financial service affiliate, for example, invested some $680 million last year in Indian mobile payments and e-commerce service Paytm.
This is a trend that that was spotlighted very early on by Startup Asia (Wiley, 2011).
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NOTABLE
What tips can Silicon Dragon entrepreneurs learn from Chinese startups?
A focus on fast execution, big ambitions and huge scale are some factors pinpointed by venture investors including Edith Yeung of 500 Startups and Connie Chan of Andreessen Horowitz.
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In China today, young people born in the 1980's and 1990's have entrepreneurial aspirations are not afraid of failure. How is China's millennial generation incorporating aspects of Silicon Valley culture with China's political and economic structure? Edward Tse tackles this issue in his latest Forbes column and at Silicon Dragon's upcoming Beijing forum on April 28.
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TRENDSPOTTING: Unicorns scraping the ceiling of the universe
Didi Kuaidi has raised the target on its latest, nearly completed round of funding to more than $1.5 billion, at a valuation of more than $25 billion.
Ant Financial, the finance affiliate of Alibaba, has upped its funding target to $3.5 billion, in a deal possibly valued at $60 billion. The funding is being led by state-backed investors China Investment Corp. and China Construction Bank Corp., with China's four biggest insurance companies.
DEALS * Haptik, a personal assistant app that loops in artificial intelligence, has raised $11.2 million in Series B funding from Indian media giant Times Internet.
* Sequoia Capital China has led a $15 million Series B funding round of Joyowo.com, a Hangzhou-based online human resources startup. Tsing Ventures, Meridian Capital China and Greenwoods Investment joined in.
* Kyulux, a Fukuoka, Japan-based advanced-materials startup focused on OLED display and lighting technology, has raised $13.5 million in Series A funding led by Samsung Ventures with Samsung Display, LG Display, Japan Display and Joled. * Australian daily deals site for wine fans, Vinomofo, has raised $19 million from Aussie firm, Blue Sky Venture Capital.
FUNDS * Entrepreneurship and Venture Capital (EVC), an investment outfit in Cleveland, Ohio, is launching an India-focused $50 million early-stage investment fund to back enterprise software, internet and mobile-focused startups.
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"Fempire" Retreat in the Hamptons: Rebecca Fannin with Silicon Dragon advisers Brian Cohen of NY Angels and Porter Bibb of MediaTech Capital.
(Thanks to America Innovates and Loeb Enterprises for hosting).
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