SILICON DRAGON NEWS                                                             May 10, 2016

Sydney bridge
May 31
The East-West Bridge 
to Fintech Innovations

for Sydney event
Venture Dealmakers

 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 Talk
 Janos Barberis
The Fintech Book/ Supercharger

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 

 May 31, 2016   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  

 Silicon Dragon NY 2016,
 Speakers at NASDAQ

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
Ann Lee
Author/ Professor
Kaiser Kuo
Baidu / The Sinica Podcast 
Los Angeles, July 27-28
Shanghai, Sept. 15
Silicon Valley, Oct. 6
Asia Awards,
 Hong Kong, Nov. 17
Tel Aviv, Dec. 1
For speaking and sponsorship 
opportunities, contact:
China General Chamber
of Commerce


May 13, 2016

Marriott Marquis, New York City


Guandong-NY Economic &

Trade Cooperation

See Agenda


RSVP for guest pass:


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The Golden Tap
Pressures are building in Beijing's tech economy. Nerves are on edge, traffic is more congested than ever, the pollution lingers. Yet the perennial excitement remains. 
The undercurrents show some troubling signs. Take these developments.

Shanghai's government is offering to offset as much as $1 million of a VC firm's losses from the city's Science and Technology Commission funds.

Meanwhile, Xiaomi plans to slow its pace of investment, following an aggressive period of deal-making.

Chinese investor Tsinghua Unigroup is reportedly withholding funds from Hong Kong-based flip phone renovator Acadine Technologies.

India, too, has felt the growing pains, after being touted as the next China. Now an influx of billions of investment has led to hyper-funding of startups: too much money, too soon, and the shutdown of as many as 13 startups in 2015.

Times certainly have changed for China's leading tech companies.  It's almost unrecognizable from the Silicon Dragon of 10 years ago.  
Read more at Forbes: China Tech Today
  Visits, Xiaomi, Cheetah, Xiaomi


Silicon Dragon Hong Kong 2016
(just 2 minutes!)

See more videos here
See last week's newsletter here: May 3, 2016

GMO from Japan and Mediatech in Taiwan led the $50 million Series C funding for India-based mobile wallet company MobiKwik. Sequoia Capital India and Treeline Asia joined in. The funding comes at a highly competitive time with Paytm.

IDG Ventures has joined the $60 million funding round of India-based eyeglasses ecommerce company LensKart, alongside lead investor International Finance Corp. and other groups including TPG Growth and Adveq Management.


In 2010, Beijing-based Bona Film Group became the first Chinese entertainment company to be listed on NASDAQ. Now, it is delisting, a difficult decision influenced in part by a government-led campaign to distance China from foreign influence. Alibaba Pictures, Sequoia Capital and Fosun International are part of a consortium formed in December to take Bona private.

Hesong Tang, former head of business development at Baidu, and previously an executive with both Microsoft and Cisco, has launched a new fund Xiang He Fund, in Palo Alto, and is seeking to raise $250 million.

Ride-hailing app Didi Kuaidi, Uber's largest competitor in China with three-quarters share of the Chinese market, is nearing the close of an additional $2 billion in funding.

Sequoia China is part of a consortium of investors that has issued a competing offer for a takeover of NYSE-listed Chinese online recruitment platform Zhaopin.

GV Capital and Qiming Venture Partners plan to lead the $100 million funding round for, with Greylock Partners and DCM.

Alibaba's Hong Kong startup fund has made its initial investments, in three e-commerce companies: Shopline, Yeechoo and GoGo Van.

Read more: Silicon Dragon weekly news digest
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