Silicon Dragon News – Mid November 2014
 Out-Takes,
Silicon Dragon Awards 2014 November 13, Hong Kong
VC Professional: Tina Ju, Founding & Manging Partner, Kleiner Perkins China/ TDF Capital VC firm: GGV Capital (accepting MP Jenny Lee) Entrepreneur: Simon Loong, Founder & CEO, WeLab Tech Deal Silver Lake (accepting MD Zheng Wang) IPO from Pearl River Delta region: iDreamSky Technology (accepting VP Monte Singman)
Congratulations to the Winners!
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Venture Capital / Dealmaker Panel
Jenny Lee, Managing Partner, GGV Capital Melissa Guzy, Managing Partner, Arbor Ventures Tina Ju, KP China/ TDF Capital Tytus Michalski, Managing Director, Fresco Capital Zheng Wang, Managing Director, Silver Lake
Tech Chats:
David Yuan, Partner, Redpoint Ventures & Early Backer, iDreamSky Technology with
Bruno Bensaid of ShanghaiVest / AngelVest
Terence Kwok, Founder & CEO, Tink Labs with
Napolean Biggs, WebWednesday
Simon Loong, Founder & CEO, WeLab
TECH INNOVATION FORECAST
 James Giancotti, Co-founder, Bigcolors
Cedric Delzenne, Director, The Founder Institute
Gary Matuszak, Partner, Global Chair, TMT, KPMG
Modertor: Iain Reed, TieHK
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Thanks to our sponsors: Morrison & Foerster, InvestHK, KPMG
Event Partners HK Cyberport, HKSTP, TiEHK |
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 NEWS
CHINA
China’s dating and chat app Momo files to go public in the U.S. and raise $300 million. Alibaba owns an 21 percent stake in Momo, started up by Netease founder Yan Tang. Other investors include Matrix Partners China, Sequoia Capital China and Yunfeng Capital. WSJ
Vertex leads investment in Chinese e-commerce site Metao with Morningside and Matrix Partners joining in.
IPV Capital and AliPay have invested $12 million in a second financing for Singapore and U.S.-based mobile security startup V-key.
Hong Kong-based power producer Sky Solar backed by IDG-Accel China raises $44 million in scaled back U.S. IPO.
IDG and Morningside have led a $60 million round for China P2P car-rental site PPzuche that was launched by iCarsclub from Singapore. Matrix and SIG have invested $20 million in Tencent-backed laundry service app Edaixi in Beijing. Chinese courier mobile app Renren Kuaidi gets backing from Tencent and Banyan Capital to the tune of $15 million. DCM has led a $30 million Series B financing for Chinese gay social app Blued INDIA
One more tech gap: WeChat for China, Whatsapp for India onforb.es/1EXSDN3
Uber-like car-sharing services such as OlaCabs bypass car ownership in India onforb.es/1uChEfc
A Clue to Softbank‘s 2 Mega India Deals – OlaCabs and Snapdeal – Can Be Traced To Its Hit at Alibaba in China http://onforb.es/1nQv9oL
Self-driving car rental startup Zoomcar raises $8 million in funding led by Sequoia Capital with additional investors: ex-Infosys CFO Mohandas Pai, Manipal Group’s Abhay Jain, and prior stakeholders Empire Angels, FundersClub, Basset Investment Group, and funds advised by Triangle Growth Partners.
HomeShop18 drops plans for U.S. IPO. The Indian online shopping network is backed by SAIF, the same firm behind MakeMyTrip’s successful listing.
Warburg Pincus has acquired a minority stake for $89.6 million in Indian drug maker Laurus Labs, in a partial exit for Fidelity Growth Partners India.
TAIWAN
Taiwan’s PilotTV is set to get funding from Intel Capital in the VC unit’s strategic move to invest $62 million in Taiwanese tech startups. SOUTH KOREA Mobile games developer 4.33 Creative Labs has raised $100 million from Tencent and Japan’s Line. |
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