Silicon Dragon News – mid-February, 2015

 Baidu’s Chinese New Year heat map tracking the large annual migration from Beijing, Shanghai and Shenzen in real time.

qianxi.baidu.com

Happy Chinese New Year!

 

TECH DEALS AND TRENDS

GREATER CHINA

Robin Li channels Liberace at Baidu’s 15th anniversary gala.

What is it with China’s tech lords?
Join Baidu – see Robin Li play the drums. The perks of joining a Chinese internet firm.

http://on.wsj.com/1DJkkIl
China Internet search leader Robin Li’s fortune drops $1.8 billion as Baidu shares plunge

http://onforb.es/19bmZkC 
In the first six weeks of 2015, China hatched about two dozen billionaires, many riding IPO wave

http://bloom.bg/1JmNYKm

 

Leading taxi apps Kuaidi and Didi in $6 billion merger to counter Uber’s advance in China http://ow.ly/J6siA

 

LinkedIn’s China bet starts paying off with increase in users http://bit.ly/1zfeda4 

 

Tesla’s Elon Musk ready to fire execs over weak China sales – just 120 of the luxury electric cars last month. Could put dent in Tesla’s global ambitions. http://for.tn/1L3PGMe

 

Apple’s digital personal assistant Siri got a new competitor from ZTE: “Hello, World! I’m from China!” http://t.co/7JUGirPOp7

 

Behind Alibaba’s $590 million bet on smartphones http://bloom.bg/16LwyVB
Chairman of ludicrously valued, Netsun, aka “the other Hangzhou-based e-commerce company,” now a billionaire. http://goo.gl/jdWtDq

http://onforb.es/1AwqmP5

Under Lenovo’s ownership, Motorola appears to have gotten its mojo back. http://onforb.es/1zSDEFo

 

Chinese company Hanergy plans to release solar powered cars later this year. http://onforb.es/1AwqmP5

 

Taiwan’s National Development Council will invest $83 million in four venture capital funds, including 500 Startups and TransLink Capital

 

Inside China’s bitcoin mine that’s making $1.5 million per month from a repurposed factory in Liaoning province.

http://bit.ly/16SgwKC

 

A reality check on Alibaba‘s drone delivery test in China http://onforb.es/1KiL4TL

 

Made in China’ Is Increasingly Becoming ‘Made in USA’ http://nbcnews.to/1DwMbNP

 

China Rising: How four giants are revolutionizing China’s homegrown film business. http://bit.ly/1zF2VkC

 

Tech clouds over China: entrepreneurs, customers, cloud computing onforb.es/16xhbAR

 

Silicon Valley

Red-hot startup Fab raised $330 million and then went bust. Now, PCH International is set to buy the company for a mere $15 million. Deal could close this month.

 

August Capital, a CA-based venture capital firm, has closed its seventh fund at $450 million and is in search of great entrepreneurs. http://ow.ly/J6Ozc

The new white flight: in Apple’s hometown, parents flee schools that are “too Asian” – too academically driven

www.wsj.com/articles/SB113236377590902105

 

INDIA

India startups raised $700 million + in 1 week

http://bit.ly/1DtzCD8http://bit.ly/1DtzCD8

 

Jack Ma’s Indian sojourn into e-commerce begins with Alibaba affiliate Ant Financial Services acquiring a 25% stake in mobile payment ecosystem Paytm, run by One97. Alibaba co-founder Peng Lei is joining the board of Paytm. http://bit.ly/1vQd1zA

 

India-based mobile news aggregator raises $50 million from NY hedge fund Falcon Edge Capital, Matrix Partners, Sequoia Capital and Omidyar Network. The new financing follows $18 million in October for the startup positioned for Indian-language mobile users.

 

Location-based SEO enabler NowFloats in Hyderabad raises Series A funding led by Omidyar Network. http://bit.ly/1CQQ3c3

 

India outgrew China last year if you believe the new statistics.

 

 

 

 

 

 

 

 

 

 

What happened to the ‘10000 Cr startup fund’ announced by Government of India http://your.st/1M5LWwP

 

Indian billionaire amongst secret buyers of NYC real estate http://flip.it/18iLE 

 

The Bumpy Ride for Deep Kalra’s MakeMyTrip Web Operation http://onforb.es/ZzFi5Z
India’s high-touch digital ecosystem “We have1200 open positions at Zomato right now”
How smartphone brands you’ve never heard of are taking over India and China http://ow.ly/Ix6NT

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