Chinese VC funds are muscling out international VC funding in the China market. What does this mean for startups and the development of China’s tech system?
Hans Tung knows how to spot a unicorn. During his career, he has invested in 11 startups that have gone on to attain billion-dollar valuations, including Airbnb, Bytedance, Slack, Wish and Xiaomi. Tung is also one of the few venture capitalists that feels equally at home on both sides of the Pacific. A native of Taiwan, he moved to California aged 13 and began his career in Silicon Valley, before becoming one of the first VCs at a US firm to move to China full-time in 2005. Since moving back to the US in 2013, he has continued to invest in both markets.
The Chinese internet industry has developed at an amazing speed with a number of tech firms becoming “unicorns” worldwide. A major force behind those fast-growing companies and young CEOs is the venture capital firms who play a crucial role in spotting and supporting innovative models. Over the past 10 years, VC has evolved from a non-mainstream form of finance to one of the hottest areas in the Middle Kingdom. Ramon Zeng, with a number of successful investments in “unicorns”, talks about his observation of the industry and what the next big trend will be.
American entrepreneurship rates are not that good right now. But is the picture as bleak as it is made out to be?
Apple China is back in the reckoning; Walmart announces brave expansion plan and Alibaba gives the YunOS a renewed push.
Venture capitalists are pouring billions into start-ups and valuations are high. Are these signs of a bubble in China’s buzzing start-up sector?
InnoSpring CEO Xiao Wang discusses the role of the first US-China tech start-up accelerator in closing the gap between China and Silicon Valley. Earlier this month, Qihoo 360, a Chinese internet security company, launched a venture capital fund in Silicon Valley, joining other Chinese tech giants and conglomerates like Alibaba, Tencent and Fosun International in their search for start-ups […]
The week that was: Qihoo 360 heads to Silicon Valley to fund start-ups; CCTV’s latest smear campaign targets Bank of China; China’s trade numbers look up; and electric cars may get cheaper. Qihoo 360 launches its VC Fund in Silicon Valley Qihoo 360, an internet security firm based in Beijing, has just set up a venture […]
China-focused incubators such as InnoSpring and zPark Venture are all trying to bridge the gap between China and Silicon Valley—but in different ways and with different results. The walls of the lobby are decorated with a smattering of colorful logos. Rows of chairs are neatly laid out, ready for presentations in what is known as […]
Maybe not so soon… but the tech scene in China is big—and getting bigger. For the past 40 years, Silicon Valley has been to the digital revolution what Detroit was to the automotive revolution–or Manchester to the first industrial revolution, for that matter. But will it last? A growing number of technology executives now believe […]