London’s Bid To Remain Europe’s Startup Capital Could Gain With China Factor
Despite uncertainties over Brexit, the U.K. continues to be a magnet for startups and tech innovation, and a center for international finance. But tensions are building as European hubs seek to lure in British entrepreneurs and venture investors. Could greater ties with China be an answer?
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Just In: Pimco, BlackRock and Mark Mobius‘s predictions for China in 2017 http://bloom.bg/2ma40jN
KPMG’s annual technology innovation survey is out. Highlights of the survey of more than 800 tech industry execs globally include ratings of cities, countries, companies and business leaders for tech savvy. Who scores high? China, the U.S., Shanghai, New York, Tokyo, London, Google, Elon Musk, Tim Cook and
Jack Ma. What’s driving the globalization of Silicon Valley?
Watch KPMG video.
(PS: Silicon Dragon’s Rebecca Fannin contributes editorial content for the annual KPMG tech innovation reports.)
Homegrown Hong Kong startup Klook is breaking through the barriers, having raised $30 million in Series B financing from Sequoia Capital China for its fast-expanding travel destinations booking platform. Prior investors Matrix Partners and Welight Capital (from ex-Tencent execs) joined the financing.
Founder Eric Gnock Fah was spotlighted by Silicon Dragon at its annual awards event in Hong Kong.
See Silicon Dragon video of Eric’s tech chat.
Hong Kong-based Mind Fund is getting into the AI action. It’s teamed up with Zeroth.AI, an accelerator for AI and machine learning led by former Techstars London director Tak Lo. Ten companies joined the initial three-month program and showed off their stuff recently in Hong Kong at a demo day.
Chinese laundry service app 24Tidy picked up $21 million, Series C financing from investors units of CITIC Securities, China Merchants Group and Singapore=based ICH Group.
IDG Ventures India and business incubator Axilior, backed by Infosys co-founders, formed a joint venture to invest in tech startups.