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SILICON DRAGON NEWS
SiliconDragonventures.com August 1, 2016
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FEATURED EVENT
Shanghai
Sept. 22
...
China > VC >
VR > AI
Look Who's
Speaking
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Lightspeed China
Ron Cao
Sky9 Capital
Harry Man
Matrix Capital China
Oscar Ramos
DaD Asia
Tech Innovators
Arvid Wang
Laiye
Daisy Guo
Tezign
JingKang Liu
Insta360
September 22
5:00 - 9:00pm
JW Marriott
Tomorrow Square
Sponsors
* KPMG
* Sidley Austin
* Silicon Valley Bank
................
NEXT
..
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October 5
Nasdaq
Entrepreneurial Center
Tech 3.0
A New Era:
China
Innovations
& Investment
Goes Global
..................................
Partner Event
Future of Asia
Los Angeles
Sept. 15-16
use code FA-SILI6
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| | Silicon Dragon founder Rebecca Fannin with PlusYoou founder Ke Li in LA |
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Didi-Uber's $35B Deal Could Lead To Domino Effect In Southeast Asia and India
Look for a domino effect in Southeast Asia and India from the Didi-Uber $35 billion investment deal in China.
China's leading ride-sharing app, which now owns Uber China operations, already has set the stage by investing in Asian market leaders that compete with Uber regionally.
Last year, Didi invested $350 million in Grab, Uber's chief rival in Singapore, Malaysia, Thailand, Indonesia and Vietnam, and is set to invest $600 million more with Softbank. Didi also injected some $30 million in Indian market leader Ola last year.
Uber China selling out to Didi parallels a well-known course of American companies losing to nimble rivals in the region, particularly in China.
Read Forbes post, Didi Domino Effect.
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VIDEO
China < > Hollywood Dealmakers
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Rob Cain, William Pfeiffer, Jonathan Garrison, Max Epstein, Christina Chou, Jinjian Huang, David Uslan
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Silicon Dragon Pitch Winner in NY Aces Champion Prize
In Global Entrepreneur Contest
Biocellection co-founder Miranda Wang (pictured with Silicon Dragon founder Rebecca Fannin in Beijing) won financing and office services in OTEC program for its innovative startup focused on synthetic biology.
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 These viral selfie apps with 1 billion downloads are shaping China's start-up culture. Read Meitu. Chinese tech company Cheetah Mobile has acquired French startup News Republic, a news aggregator across mobile apps, for $57 million. Read Cheetah. Social entertainment company Migme from Singapore partners with mobile accelerator MOX in Taiwan and looks to raise $7.5 million on top of $6 million-plus earlier this year. Read Migme.
The grandson-in-law of Mao Zedong has become Sotheby's biggest shareholder, with his insurance company Taikang Life now owning a 13.5 per cent stake in the auction house. Read Sotheby's China link.
 Homeward bound Gary Rieschel talks about China venture, Huawei and colliding garbage trucks. Read Forbes post, Rieschel.
Maxthon, featured in the Silicon Dragon book, is upgrading its web browser to an information rich center to manage personal info, email, security and content.
Zoomcar, a Bangalore car rental startup that lets individuals rent by the hour or day, is raising $25 million in Series C funding from Ford Smart Mobility, Reliance Venture Asset Management and Sequoia Capital. The deal represents Ford's first investment in India.
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