SILICON DRAGON NEWS                                       May 14, 2018         
Silicon Dragon 
NY 2018

Now for early bird rate! 

VCs SDNY 2018
Venture Panel
China-US VCs
Hans Tung, Nan Zhou, Mason Du, Brian Cohen, Jim Robinson, Robin Li

blockchain SDNY 2018
Blockchain Innovation Panel 
Gurus Jason Fang, Lou Kerner, Paul Brodsky

Leftover in China
Book Talk
Author Roseann Lake

DJI drone leader
Tech Chat: 
Designed in China Drone Leader DJI
NY Rep Adam Lisberg


 2 NY Semi-finalists Win Trip 
To Beijing To Compete 
In Global Finals
Aug 8-10
Global Champion wins:  
- Funding Up to $200,000
- Grants, Loans
- Strategic Advice 
- Co-working Space in Beijing

Deadline to apply to pitch in NY semi-finals: June 1

Silicon Dragon
2018 Events

Los Angeles

China - LA 
Digital Entertainment
Capital & Innovation

On The Circuit
Speaking Gigs & 
Partner Events 

SupChina's Women's Conference
May 14
New York City

June 22-23

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Twitch of China, HUYA, Raises $180 million 

The Twitch of China, HUYA, went public last Friday on the NYSE, buoyed by major Chinese backers Tencent and social entertainment company YY, which together own 75.7 percent of the newly listed company's shares.
HUYA raised $180 million in the IPO and was trading up 30 percent at mid-day, as one of a series of Chinese tech companies that have gone public this year.
The company, which is a spin-off of NASDAQ-listed YY and was funded by Chinese gaming leader Tencent in March with $460 million, is aimed at China's tech-savvy youngsters who are into games and e-sports.  CFO Henry Sha, interviewed by Silicon Dragon, said the listing went to New York because of a large sophisticated investor base that already understood Twitch positioning and could more easily relate to HUYA.
Read ForbesThe Twitch of China IPO

Two startups that caught  Silicon Dragon 's eye at
TechDayNY (see Forbes write-up) were voice-powered commerce platform and long-term apartment rental service Para. Both have a China angle. 
They're perfect for the Silicon Dragon pitch contest we're having June 18 in NYC as part of our annual forum in the Big Apple. 

By the way, we have a happy ending (or start?) to report for Ellie Li, who pitched at last year's Silicon Dragon pitch contest. Sh e went on to get seed financing from Lair East Labs in NY. 
You can hear my interview with her and investor Lee Lin of Lair East Labs here, at Silicon Dragon podcast  financing from Lair East Labs in NYC. 

Rebecca at Nasdaq
Silicon Dragon founder/editor Rebecca Fannin was interviewed by NASDAQ Spotlight last week at its Times Square location. I chatted with host Lyanne Alfaro about the future of mobile, livestreaming and ride shares in China. 
You can check out the video interview here:
China In Action.  

GSR Ventures leads $47 million, Series A round in Chinese e-commerce platform XYB2B

DCM Ventures is among investors in a seed round for cryptocurrency portfolio tracker Blockfolio. The funding will be used to develop a communication platform called Signal to address growing misinformation in the crypto ecosystem. 

Sequoia Capital China heads up $40 million 2nd round in China's Mabspace Biosciences

CStones' $260 million Series B financing from new investors Sequoia and Yunfeng Capital will fund more trials as the Chinese biotech firm weighs IPO options.  
Chinese long-term apartment leasing firm Uoko in Chengdu raises $157 million from investors including Legend Capital, Matrix Partners China, SIG and Shenzhen Venture Capital

 Chinese fashion e-commerce firm Meili is reportedly seeking a $500 million IPO in NY. It's backed by Tencent, Sequoia Capital China and GGV Capital

Alibaba has acquired Rocket Internet's Daraz to expand its empire in Southeast Asia, having already bought into Lazada. 

NIO founder
The Elon Musk of China, William Li of NIO, explains why its Tesla killer won't fall into the same trap as troubled electric car startup Faraday Future. Read post, Business Insider.   
In an about-face on trade, Trump vows to protect jobs at China's telecommunications firm ZTE as U.S. sanctions kick in. NY Times, ZTE turnabout
Chat with Dean Janow
"Trade policies won't fix the fact that China is investing heavily in tech R&D and education while the U.S. is cutting."     Dean Merit Janow of Columbia University School of International & Public Affairs with Silicon Dragon's Rebecca Fannin at Techonomy 2018.