Friday, April 29, 2011

Silicon Dragon: Just How Hot Is China Venture? Very!

You don’t need a meter to gauge that after a two dry years, funds, deals and IPOs are springing up in the busiest season yet. How long will it last? Hard to tell, but I do hear echoes of the dotcom boom here.

Let’s count up the IPOs among the leading Chinese venture investment firms. Qiming Ventures has five Chinese portfolio companies in the cue to go public soon: ramped up car rental service eHi from Shanghai, dating site Jiayuan, online video programming PPLive, social networking service Kaixin001 and kids entertainment site Taomee. GSR Ventures has four IPOs in the works. DCM is geared up for the debut of China’s Facebook Renren on the NYSE, closely following last year’s listings of Dangdang and BitAuto. NetQin Mobile, backed by Sequoia GSR, Ceyuan and Fidelity, is in the lineup too.

The recent listings of WI Harper-backed data center deal 21Vianet on NASDAQ and Qihoo 360 on NYSE all add to the buzz.

Consider too the sizeable financings of Chinese startups. GroupOn clone Lashou raised $110 million from a group including GSR Ventures and Norwest Venture Partners. Read more of this post at Forbes.

Watch this space for more of what’s happening: Silicon Dragon Beijing, May 25, at Tsinghua Science Park. We’ll be talking big deals, IPOs and mega funds with a who’s who of China venture and startups in the busiest – if not the best – season yet.