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SILICON DRAGON NEWS
SiliconDragonventures.com Sept. 19, 2016
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FEATURED EVENTS
Sept. 22
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VCs In SF
Hans Tung
GGV Capital
Tim Chang
Mayfield
Chris Evdemon
Sinovation Ventures
Yong Liu
WI Harper
Jay Eum
TransLink Capital
Allen DeBevoise
Third Wave Digital Tim Merel
Digi-Capital and more!
VCs In SHANGHAI
 James Mi
Lightspeed China
Jonathan Qiu
Sky9 Capital
Harry Man
Matrix Partners
Oscar Ramos
SOSV Chinaccelerator
Joe Chang
Eight Roads Ventures
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Silicon Dragon Spots
US-China VC Summit & Startup Expo
Oct. 1, Boston
At Silicon Dragon's Shark Tank show in Hong Kong, Nov. 17 November 30
Tel Aviv
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Silicon Dragon News
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| | Silicon Dragon Talk: Is China Winning The Tech Race? |
with guests Hans Tung of GGV Capital and
Chris Evedemon of Sinovation Ventures
Is China wining the tech race? Silicon Dragon recently posed this question to Hans Tung of GGV Capital and Chris Evdemon of Sinovation Ventures, These two top venture capital leaders doing US-China deals contend it's not a race but more like a relay.
 Kai-Fu Lee's freshly raised $674 million in capital for his renamed Chinese venture investor group Sinovation Ventures signifies a steady progression of China's tech economy over the past decade even as China venture fund raising has hit a three-year low.
 Shanghai-based social music and video startup Musical.ly made news in the New York Times for reaching more than 100 million users, most of them teen-agers, in just two years since its start in 2014.
How will mass adoption of virtual reality disrupt media and  advertising? Alvin Wang Graylin, HTC China Regional President of Vive, explains how mass adoption of VR will make all other media obsolete. That adoption is probably going to start in China. Graylin is speaking at
CHINA DEALS
Tencent is buying a majority stake in China Music Corp., increasing its stake from 16 percent to 60 percent. The deal creates an Internet streaming media giant and makes Tencent the leading music streaming service.
Sequoia Capital, ZhenFund and Huasheng Capital, the fund put together by China Renaissance Partners, jointly invested in Hero Entertainment, a Chinese mobile online game company.
INDIA DEALS
Online payment service provider PayU has acquired its rival Citrus Pay in a $130 million. Sequoia Capital was an early backer of Citrus Pay.
 Amazon is winning the e-commerce market share battle in India but not without costs. The U.S. brand is burning $10 million a month in India as it seeks to further expand after a strong entry.
Amazon has overtaken domestic brand leader Flipkart. But Ash Lilani, a venture capitalist with Saama Capital and backer of Flipkart, says the battle is not over yet. He sees the market consolidating into fewer players with Flipkart and Snapdeal as two of the national survivors as they cut burn rates and trim distribution.
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Silicon Dragon met with Eu-wing Ding, co-founder of Lumos, maker of a smart bicycle helmet with integrated lights, brake, and turn signals. Lumos is starting up in Hong Kong to be close to factories in China to protoype and produce the helmets.
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