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What Makes GGV Capital Tick:
It's Not Just $1.9 Billion In New Funds
GGV Capital's three new funds totaling nearly $1.9 billion prove that U.S.-China cross-border investing does work, and well. At this size and managing $6.2 billion across 13 funds,
GGV Capital ranks up there among the larger venture investment firms. Size does prove that it must be doing something right. GGV was one of the few venture firms to work as one team investing across China and Silicon Valley and one of the few to invest in founders at all stages of growth.
Venture funds in China are getting larger and larger - look at
Sequoia Capital China if you want an example. The winners are being separated from the losers. GGV is 1 of the winners, thanks to an early bet on
Alibaba, Xiaomi and others, plus team spirit.
Check out
Silicon Dragon chat with partner Hans Tung.
One of the new funds in GGV's $1.9 billion mix is an entrepreneurs fund of $60 million that consists largely of company founders as limited partners. With more successful Chinese entrepreneurs becoming angel investors, this looks like a good move to tap their energy, connections and capital.
Russia's Silicon Valley Looks To China
For Capital, Impact
View of Skolkovo from a self-driving car I rode in powered by
Russian search engine leader Yandex
At the Open Innovations Forum this past week in Moscow, Russia and China linked up to boost
Skolkovo Ventures, an investment offshoot of Russia's Silicon Valley mega tech park Skolkovo on the outskirts of the city.
The Russian-China Investment Fund for Regional Development has committed $300 million as an anchor investor in two new funds at Skolkovo Ventures and will contribute to
Skolkovo's three funds for emerging companies in information technology, 4.0 industry and agriculture, which each have $50 million in capital.
Connections between China and Skolkovo have been growing as US-Russian tensions continue. Skolkovo has opened a Beijing office, partnered with leading Chinese science park Tsinghua Science Park, and worked with Chinese companies
Alibaba and
Huaweii.
The Russian VC market is tiny but on a slight incline: $277 million in 2017 from $270 million in 2016 and 287 deals in 2017 from 254 the previous year. About 1.5 percent of Russian venture capital comes from China, according to Oleg Remyga, China representative for the Moscow School of Management, who moderated a
Russia-China investment panel
where I spoke about China's
Silicon Dragon
.
Silicon Dragon Ventures & Awards
Nov. 15, Hong Kong
How far up for China venture, unicorns and funds?
China's king of co-working spaces
Southeast Asia - next China opportunity for tech deals
Who will win for top founder, VC, tech deal of the year?
Tencent
has led an investment in Chinese self-driving startup Momenta, boosting its total funding past $200 million and bringing its valuation beyond $1 billion. The round was joined by China Merchants Capital, Shanghai Guoxin Investment, Yuanhe Capital and CCB International.
Ant Financial has put $210 million more in Indian startup
Zomato, a restaurant search and food delivery app. China is branching out to India, for sure.
.
Tiger Global
has raised
$3.75 billion for its new fund with China in its sight lines.
.
IPOs
China's innovative and largest producer of electric scooters, startup Niu Technologies, rang the bell at Nasdaq last week. Its IPO raised $63 million at the low end of its range, after aiming for $95 million and higher. Early investors include IDG Capital and GGV Capital. The scooter has been taking over Beijing streets.
NOTEWORTHY
China's ride-sharing leader Didi plans to hire 1,000 Communist Party members as service reps to boost safety, according to its WeChat account.
The world's longest sea bridge is set to open October 24, and of course it's in China! The Hong Kong-Zhuhai-Macao Bridge totals 34 miles and links Hong Kong and Macao to the Western Pearl River Delta.
Lots of focus on Google agreeing to censor search for China. Much less focus on will China let Google back in *even if it agrees to censor.* Marco Polo China.
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