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SILICON DRAGON NEWS
SiliconDragonventures.com Oct. 25, 2016
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FEATURED EVENT
Annual
VC & Tech Awards
Hong Kong
Nov. 17
....
Presenting
Winners of
Top VC
& Entrepreneur
of the Year
Plus Pitches
with
Live Judging
Featuring
VC Judges & Panelists
.....
Edith Yeung
500 Startups
Jeffrey Chi
Vickers Venture
Melissa Guzy
Arbor Ventures
James Mi
Lightspeed Venture
Grace Yun Xia
Tencent
....
Chris Burch
Shenzhen Capital
.....
When: Nov. 17,
5-8pm
Where: KPMG
Hysan Place,
Hong Kong
....
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Partner
Events
Asia Society
China Investment in Real Estate Report
Asian American
Business Roundtable Summit
January 11-13
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Subscribe to
Silicon Dragon News
TWITTER
@silicondragon
FACEBOOK
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SiliconDragon
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LeEco's Wild Bid to be Apple, Amazon, Google, Netfllix, and Tesla
LeEco is seeking to break new boundaries for Chinese companies in the U.S. with its splashy debut of a full line of phones, TVs, smart bikes, self-driving cars & VR headsets geared for always-on digital age millennials. The company's launch event in San Francisco was seen as a little over-the-top, perhaps trying too hard. LeEco, founded in 2004 and listed in China, has to get a lot right to tackle the U.S. market.
PHOTOS: Silicon Dragon Venture Salon LA
October 21
  Photos:  Mike Prasad, William Bao Bean, Jeremy Goldkorn, Kevin Winston, Brandon Black.
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NEWS & TRENDS
Redpoint Ventures has raised a China-specific $180 million fund to invest in emerging Chinese consumer and enterprise technology companies. The new fund, Redpoint China I, is being led by David Yuan, Tony Wu and Reggie Zhang, through offices in Beijing and Shanghai. The fund will invest in 25 companies with investment sizes of $1 million to $4 million.
Sequoia Capital has hired its first female investing partner, Jess Lee, who comes to the firm from a Yahoo-acquired shopping startup Polyvore she co-founded. Lee becomes the 11th partner at the firm, which has been seeking to bring on a female investing partner for several years.
To lure Hollywood studios to China, Wanda Group and the Qingdao municipal government have formed a film and TV development fund of $750 million to back productions with cost-savings incentives. Wanda is pitching its huge Qingdao movie-making complex.
The Chinese government likes to control social media and what people do with it, but Facebook looks willing to launch in China anyway. Read Mark Zuckerberg's long march to China in Technology Review. Hillhouse Capital, Tencent, Baidu and New Hope Group, a food and agribusiness conglomerate, have raised $40 million in a second round financing in Doumi, a Chinese platform for finding part-time jobs. China B2B liquor platform Yijiupi raises $100m Series C. The investment was led by existing investor Greenwoods Asset Management. VC-backed Tujia, AirBNB's Chinese rival, is acquiring the home sharing businesses of Ctrip and Qunar for an undisclosed sum.
INDIA
India's tech titans are getting deeper into the U.S. acquisition act, as leading outsourcing company Wipro is acquiring an Indianapolis-based cloud service company Appirio for $500 million
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Shawn Xu of Square and
William Bao Bean of SOSV Chinaccelerator
with Silicon Dragon's Rebecca Fannin
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