Silicon Dragon Circle Dinner: SF 2020 – Rethinking Chinese Strategies

 

Silicon Dragon gathered its circle of connections in San Francisco at a dinner hosted by Nixon Peabody to ponder the latest issues with US-China tech and trade and discuss how business strategies are being impacted.
Many new state-side only funds are being launched from partners at Chinese funds that have retreated from the US. For instance, two partners from ZhenFund are launching their own funds now that the Chinese venture firm has stopped investing in the U.S — Olivia Wang is launching Olive Capital while Wei Ziang is going out with Momentor. Additionally, partners at Hone Capital, which was set up with capital from Chinese private equity and venture firm CSC Group, are preparing to raise a new fund.  Last but not least, Tracy Wang formerly with ZZ Ventures is embarking on a new fund, Agate Capital Partners, with DCM partner emeritus Dixon Doll as chairman.

Worries about the impact of a decoupling with China and the U.S. were already prevalent. Now the coronavirus is taking its toll as cross-border travel is shut down and deal flow has halted for venture firms and startups.  The effect will last for months. Longer term, it seems clearer than ever than Silicon Valley will keep its image of tech central globally but with less China influence.

Will disruption again lead to new opportunities?

Join Silicon Dragon Circle for invitations to our upcoming dinners to discuss these important issues with your peers.