China's Twitter-like Weibo Tests Its Appeal With NASDAQ IPO

Interest in the IPO of Chinese microblogging site Weibo is building as fears over investing in China tech stocks have subsided despite lingering risks. Weibo is seeking to raise $380 million in a spinout from Chinese Internet portal SINA, the third China-based company to list in the U.S. in 2014 after a drought of China IPOs on Wall Street ended last year. Weibo’s public market debut will give China two major social media sites on U.S. exchanges – the equivalent of Twitter and Facebook. Renren RENN +2.76%, considered China’s Facebook, went public on the NYSE in 2011. Weibo, likened to Twitter but with more features, is set to go public this Thursday on NASDAQ. The timing is certainly better than two years ago. Keep reading Forbes post, @silicondragon onforb.es/1qZChKQ.

Silicon Dragon Highlights in Hong Kong, See You There April 15!

To sign up, click http://silicondragonhk2014.eventbrite.com An idea of what's in store at Silicon Dragon HK 2014: April 15, 2014 HK Cyberport http://www.youtube.com/watch?v=yqi9cMdDHgo

Bitcoin Exchange BTC China Faces Cooldown

The buzz, speculation and volatility over bitcoin as a digital currency is nowhere stronger than in China. Ask Bobby Lee, the CEO of China’s bitcoin exchange BTC China, based in Shanghai.
Bitcoin trading has cooled off considerably in China after a peak last year, when China contributed half the global trading volume in the digital currency, Lee says.

Transactions fell from a high of 100,000 daily late last year to 10,000 by this March while bitcoin prices dropped by 80 percent from a peak of $1200, he notes. Meanwhile, at least six bitcoin exchanges disappeared over the last two years in China, says Lee. He predicts that another two bitcoin exchanges will go bust over the next years.

China still counts six bitcoin exchanges, and BTC China, formed in 2011, is the largest one, says Lee, a former Yahoo YHOO +0.84% engineer in Silicon Valley for eight years and WalMart technology manager in China. Keep reading post at Forbes.
The cooldown has come after China’s central bank ruled that bitcoin cannot be used as a currency while Alibaba determined that the digital currency can’t be used as payment on its Taobao e-commerce website.
While China has not banned the trading of bitcoin, regulations threaten to curtail its development for financial transactions. Interviewed at CoinSummit in San Francisco, Lee cited the main issues with bitcoin in China (and elsewhere) are transparency, security, solvency and false claims about trading volumes to gain market share. See Silicon Dragon video interview with Lee.
BTC China's venture capital investor Ron Cao of Lightspeed China will be a featured speaker at Silicon Dragon 2014 in Hong Kong Cyberport.

Tencent Pushes WeChat Social Messaging App In US, Watch Out Whatsapp!

Tencent is taking the expansion of its popular Wechat social messaging app into the U.S. market quite seriously, as well it should with the recent $19 billion acquisition of rival service Whatsapp by Facebook.



Victoria Wu of Tencent's WeChat at
Silicon Dragon SF 2014 forum

The Chinese social media giant has hired Victoria Wu, a 30-something, articulate Stanford MBA grad with Boston Consulting and startup smarts as its ambassador for the WeChat brand in the U.S.  So serious is Tencent about creating a separate international identity for WeChat that Tencent management doesn’t want WeChat to be uttered in the same sentence as the company name. Is this about appearing to be less of a Chinese brand for the Shenzhen-based company? Could be.

Keep reading post at Forbes.com, WeChat.

Fog City's Unique Blend of East Meets West Feeds the Startup Culture

Leading venture capitalists and tech entrepreneurs are settling in San Francisco for its vibrant startup scene and capitalizing on international right from Fog City. They’re scaling companies in e-commerce, gaming, wearables, the Internet of things, and more that have funding from the likes of pros  Jerry Yang, John Sculley, Vinod Khosla, Marissa Mayer, Jack Ma, Kai-fu Lee, Vinod Khosla and Li Ka-shing.


Matt Zitzmann, Kamcord

Despite lots of would-be Silicon Valleys around the world from London to Hong Kong, the Bay Area continues to be a focal point. It’s the place that anyone interested in exploring innovation opportunities does not miss. The Bay Area is a crossroads uniting east and west.

Take for example some leading edge startups in San Francisco such as . . .

 

Keep reading this post at Forbes.com, Fog City.

China Tech Startup Nabs $120 Million To Go Global With Softbank's Support

CEO Wang presents new service

Chinese tech startups continue to make big strides forward. The latest example is mobile Internet company Wandoujia.
The Beijing-based, three-year-old startup just raised $120 million in one of the largest venture capital financings seen in China’s short Internet history. The funding from Softbank, Innovation Works and DCM was significant not only for its size but also for proof that the innovation culture is progressing in China — so far.
Like at more and more Chinese tech companies, the aims are high. Co-founder and CEO Junyu Wang has global ambitions for his innovative mobile app search engine and gateway across games, videos and music.  ”The product is first for Chinese users,” said Wang, “but over the long term, our aim is to create global technology.”
Keep reading this Silicon Dragon post at Forbes.com: Wandoujia.

China Tech Makes A Splash At Consumer Electronics Show In Vegas

Silicon Dragon's Rebecca Fannin
checks out China tech at CES

One thing for sure about this year’s Consumer Electronic Show – China tech was there, and big-time, among the latest and greatest wireless gadgets, self-driving cars, 3-D printing machines and wearable tech devices. The China presence at the show was one more demonstration that Chinese tech is going global — and in little more than a decade after entrepreneurs first got going in Beijing and Shanghai.
Of course, all the leading China brands — Alibaba, ZTE ZTE, Hisense and Huawei — had large and attractive booths displaying their latest wares front and center on the convention floor.   From what I observed, China had the biggest representation of all  overseas markets although the LG exhibit certainly was huge!
Keep reading this Silicon Dragon post at Forbes.