SILICON DRAGON NEWS                                       January 15, 2018         

Silicon Dragon Valley 2018

Brad Bao

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2018 Events


Global Investor
February 1, 2018
Check out Silicon Dragon's event in
Tel Aviv, Jan. 29, 
on your way there! 

Silicon Dragon 
Circle 2018

Members Receive:
   1 Complimentary
Ticket to a
 Silicon Dragon event and 
1 VIP Invite 
plus Intros

Where Was The Wow?

There wasn't much new or wow at this year's CES -- at least if you don't count all the new AI-empowered refrigerators, toasters and toilets plus the black-out moments at the convention hall. Makes you wonder about the future of tech and all those e lectricity-sucking gadgets. But Baidu, Alibaba and other of China's tech titans were in the spotlight. 
Like last year, one-third of the exhibitors at CES were from China!
Hans, Rebecca Anna Fang, Wei Jiang, Sophia
Things were bright at Silicon Dragon's Happy Hour at CES 2018, where VCs and entrepreneurs mixed for networking, media interviews, a fireside-style chat with  Hans Tung  of  GGV Capital,  and a welcome by Nevada state treasurer Dan Schwartz.
Check out Silicon Dragon 
livestream  at our Facebook page. See pix above and more at our Silicon Dragon site Hans Tung Rebecca Fannin,  Anna Fang  and Wei Jiang of  ZhenFund and  S ophia Xu  of  Vipkid. 

Baidu at CES  N
otable  at CES was  Baidu's splashy event where
its new line of smart hardware products AI and an autonomous driving platform were  launched. What most impressed me were such comments from 
Baidu execs as: "
innovating at China speed." and 
"Innovating for the world."  It was a little Ste ve Job s-like. 
Monster CEO
 Impromptu m eeting with Monster CEO Noel Lee at Huawei's press event. Got to hear about Monster's deal with Huawei to bring improved sounds to its new cellphones.  

Taiwan startups also had a good showing at CES and unveiled breakthroughs in smart devices and IoT with a spotlight on three startups:  AEON Motor,
 Geosat and Taiwan Main Orthopedics.
It was interesting to see 
giant tent featuring logistics and design
services, right at CES and emphasizing some of its core services. Seemed smart! 
  26 Observations about CES 2018
A write-up by  HAX  partner  Benjamin Joffe  tells what you  missed at CES this year. No dominant theme, pro-looking booths, more B2B and sophisticated, high quality exhibits by Chinese companies - a big difference from years past when shoddy China booths were relegated to back  rows.  Read spotting CES.

Alibaba  is reportedly buying a $3 billion stake in Chinese-bike-sharing startup 
GSR Ventures 
valuing  Ofo at $10 billion. It looks like a full exit for GSR, and a solid return for partner Allen Zhu who did Ofo's series A financing in 2016.  This new mega investment comes after Ofo raised $700 million in mid-2017 from  Alibaba  and Chinese ride-sharing service Didi Chuxing and others
Chinese social trip planning site
Mafengwo has raised $133 million in series D financig from
General AtlanticTemasek Yuantai Investment and
Hopu. Prior investors  Capital Today Qiming Venture Partners and  Hillhouse Capita l also pitched in. 
China's major e-commerce is looking to bulk up its logistics business with a $2 billion fund raise. Hillhouse Capital and Sequoia Capital China are reportedly in as investors. The logistics business is also possibly being readied for an IPO overseas, following JD's public debut on Nasdaq in 2015.  

Canva co-founder Sequoia Capital China has funded Australian design startup Canva with $40 million in a deal valuation in the unicorn sphere deal.  The startup, which Silicon Dragon featured at a Sydney event in 2013 (!) and has covered regularly, becomes Australia's second tech unicorn, after Atlassian, which we also spotlit very early on.  It was 2013 that Rick Baker of Blackbird Ventures first invested in Canva, which prides itself on being easier to use than design products from Adobe or Microsoft.

A partner of China's smartphone + plus maker  Xiaomi, Huami Corp.,  which is in the smart wearable space,  has filed fo r a $150 million IPO on Nasdaq. 
Top 10 Early Stage Investors in All of 2017
1. @Accel  2. @GreycroftVC 3. @GVTeam 4. @BessemerVP
5. @GGVCapital 6. @500Startups 7. @a16z 8. @lightspeedvp
9. @IntelCapital 10. @IndexVentures  
The list is notable for some China-leaning investors, from Silicon Valley. 
See full Q4 2017 Global Report, Crunchbaseht
Chinese workers abandon Silicon Valley for riches back home.  An exodus triggered by abundant capital, growing innovation and flourishing career opportunities. 
Read The Next Silicon Valley is China
    LimeBike arrived in my Bay Area neighborhood over the weekend - good timing for Silicon Dragon's nearby event in San Mateo, Jan 18. Co-founder Brad Bao is speaking about the new e-bikes and the journey at this Chinese-style bike-sharing startup funded by DCM and Andressen Horowitz.