Silicon Dragon Digest: 2 New VC Funds, 1 China IPO 2 NYC, Bike Race
The bike-sharing model that has been popularized in China is launching in the U.S. Get ready for a battle between Silicon Valley’s LimeBike with $62 million and China’s Ofo and Mobike, backed with $1 blllion-plus from Alibaba and Tencent.
8 Reasons Why The US-China Bike-Sharing Race Is Shaping Up To Be A Trend-Setter
Hong Kong-based Lalamove raised $100 million in a Series C round of funding from Chinese VC firm Shunwei Capital. It’s on track to becoming Hong Kong’s next unicorn.
Autonomous driving startup Momenta in China in a series B round led by a fund from Cathay Capital Private Equity.
Boostinsider has raised $1.8 million in Series A financing now totaling $3.3 million for its AI-powered influencer platform that includes new products SocialSaaS and SocialBook, which leverage AI and machine learning to suggest the best influencers for marketers.
Vickers Ventures Partners closes 5th fund at $230 mllion, its largest so far. The firm is led by Finian Tan, an extra-early investor in Baidu.
The Hong Kong government has allocated $256 million for its Innovation and Technology Venture Fund to foster VC investment and boost the startup ecosystem in Hong Kong, which grew 24% in 2016, with fintech, healthtech, IoT and smart city technologies leading. VCs interested in becoming an investment partner with ITVF can apply up until January 15, 2018. The selection process for VC firms, both in Hong Kong and overseas, will be handled by an independent committee of business execs, investors and academics.
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