SILICON DRAGON NEWS                                                             May 3, 2016

Sydney bridge
May 31
The East-West Bridge 
to Fintech Innovations
winners of the
Forbes Asia
30 Under 30

for Sydney event

Venture Dealmakers
Fintech Focus
 Ilan Israelstam
Apex Capital
Ben Heap,
H2 Ventures
Danny Gilligan,
Andrey Shirben,
Follow the Seed
Alex Scandurra,
Stone & Chalk 
Andrew Corbett-Jones
Tyro Fintech Hub
Asia Fintech Innovator
Mikaal Abdulla,
8 Securities

Meet the Forbes Asia
30 under 30 Winners 
from Australia

 Gen George
, OneShift/Skilld
Harrison Uffindell
Aimee Marks
, TOM Organic
Filip Eldic, Bluedot Innovation
Jane Lu, Showpo 


16:00 - 20:00
Cocktail reception / appetizers

10 Shelley Street
15th floor
 Thanks to Sponsors
NSW Dept. of Industry
Centre for Business Growth


Silicon Dragon
Event Series 2016
Silicon Dragon  
June 23

Speakers at
Silicon Dragon NY 2016
June 23, 5-9pm
Alan Patricof,
Greycroft Partners
Charles Kim
China Renaissance Securities
Robert Grady,
Gryphon Investors
Nazar Yasin, 
Rise Capital
Brian Cohen,
NY Venture Partners/  NY Angels
Jon Medved,
Porter Bibb
MediaTech Partners
Matt Wilkerson
Paragon One
Los Angeles, July 27-28
Shanghai, Sept. 15
Silicon Valley, Oct. 6
Asia Awards,
 Hong Kong, Nov. 17
Tel Aviv, Dec. 1
Plus VIP Roundtable
Hollywood Meets China
Los Angeles
May 11
Invite Only
For speaking and sponsorship 
opportunities, contact:
Subscribe To
Silicon Dragon News


Follow @SiliconDragon
Follow @Forbes
Join The
Silicon Dragon Circle

  Annabelle Long
Silicon Dragon's Rebecca Fannin with Annabelle Long,
Bertlesmann Asia Investments
 in Beijing
   Join the
Silicon Dragon Circle
For A
VIP invitation
 in Hong Kong
June 2, 2016 
   Visits, Xiaomi, Cheetah, Xiaomi

It's been fun and exciting to make the rounds of leading China tech companies during a recent visit to  Beijing.
Stops at  Tencent, Xiaomi, Didi, and Cheetah Mobile show how fast things are moving here in China's innovation scene.
Ultra-modern headquarters, fun-loving staff, sleek PR teams, Powerpoints and videos, mascots, well-rehearsed executives accustomed to handling media and stock analysts, and a slew of new innovations andDidi, China's Uber business models at startups and big tech alike all show how far China has come in a few short years.

This is a long way from when I was researching my first book in 2008 and did interviews at what were then unknown companies in the West: Baidu , Alibaba, Renren, Focus Media and many others. 

Read more at Forbes: China Tech Today



Silicon Dragon Beijing 2016

VC/ Dealmakers: Anna Fang, Akio Tanaka, Hans Tung, Rui Ma, Wendy Pan, Barrett Parkman at Silicon Dragon Beijing 2016, April 28.

Edward Tse, author of China's Disruptors with Vijay Vaitheeswaran of The Economist at Silicon Dragon Beijing 2016. 

Yuanbo Wang, Co-founder & CEO of Nihao Pay with KPMG partner State Shi. 

See more videos here
Beijing VC dealmakers
Bin Li, Wendy Pan
See more photos here

Baidu's Driver-less Car,
The Hover Flying Camera,
DCM Moves
Ruby Lu, long-time DCM general partner in Beijing and backer of several high-profile Chinese tech companies, has teamed up with ex-Tiger Global managing director Xiaohong Chen, at H Capital in Beijing.

DCM Ventures exits portfolio company Happy Elements, a Beijing-based developer of social media games, through a management buy-out. Earns a gross IRR of 53% on an initial investment of $10 million in 2010.

Beijing-based mobile Internet company Cheetah Mobile plans to invest $50 million in robotics, especially deep learning and AI intelligence research and development, through a new Cheetah Robotics R&D and investment venture.


Baidu car Search giant Baidu has taken a huge step of bringing its autonomous car ambitions to Silicon Valley, creating a self-driving car unit that plans to employ more than 100 engineers by the end of 2016.

Shanghai's government has set a new regulation that will offset as much as $1 million of a VC firm's losses, from public funds via the city's Science and Technology Commission. The idea is that compensating bad investments will boost innovation in the sector by encouraging VCs to take risk and look at a broader number of startups. The policy has drawn much criticism, however.
In a related development and a reflection of the domestic China downturn in VC, Chinese investor Tsinghua Unigroup is reportedly withholding funds from Hong Kong-based Acadine Technologies, a renovator  of old school flip phones.

   * Renren has participated in the $72 million investment round in Israel-based smartphone maker Sirin Labs.

* IDG Capital Partners, GSR Ventures and ZhenFund are among investors in a $23 million funding of Zero Zero Robotics, the maker of the Hover Camera.

 * Ant Financial, Alibaba's finance arm, is now valued at $60 billion following a record-breaking $4.5 billion funding round. 

 * PayPal cofounder Max Levchin has made his first investment in India, participating in the $1.3 seed round of New Delhi-based ClearTax. 

* Japan-based bitcoin exchange BitFlyer has raised $27 million in Series C funding led by SBI Investment, with participation from existing backer Venture Labo Investments.

Woowa Brothers, operator of food delivery app Baedal Minjok, has raised $50 million in funding from a consortium led by Hillhouse Capital Group.
 * H Capital in Beijing, with Xiaohong Chen and Ruby Lu,
is raising a $500 million fund to invest in China tech. 
Read more: Silicon Dragon weekly news digest
WeChat: SiliconDragon
Silicon Dragon Startup Asia                           
       GET THE APP