Posts

Enter the VC Dragon

Entrepreneurs looking for funding this year, might find a more difficult time getting a decent valuation. Venture capitalists (VCs) are much more cautious.

Startups wanting to find out more about the current VC climat might like to join the event organized by Silicon Dragon next week (september 13). They have invited a range of top VCs in Shanghai, including Steamboat Ventures, Qiming Ventures, GGV Capital, Morningside Ventures and Ceyuan Venture. Queen’s Road Capital, an angle fund of Fritz Demopoulos (founder of Qunar) will also be there.

Successful Chinese entrepreneurs, David Li of YY and Feng Hong of Xiaomi Technology (recently valued at US$ 4 billion) will also join the discussion.

Topics of the event:
– The Arrival of the Angel Investor & Serial Entrepreneur in China
– Exit Options: Going Public, M&A, Taking Private Again
– From Copycats to Chinese Micro-Innovations
– Tougher Deal Terms for Startup Financing
– Chinese Startups Going Global
– What’s Hot: Mobile Internet, Cloud Computing

Link: http://www.silicondragonventures.com/Pages/SiliconDragonShanghai2012.aspx

Zhongguancun: Silicon Valley in Beijing?

China’s internet population is the largest in the world. On top of that the country is experiencing rapid economic growth. Those two aspects together with an abundance of highly skilled IT-graduates create opportunities for online entrepreneurship. Especially in the Zhongguancun area in Beijing many examples can be found of successful IT companies and startups. Having a good network, understanding the Chinese culture and the government regulations are crucial to success.

An article by NOST China on the reasons for Zhongguancun’s success and the challenges and opportunities for foreign IT entrepeneurs in China can be downloaded below (Dutch only).

Article: Zhongguancun: Silicon Valley in Peking?

China to be biggest global e-commerce market by 2015

China is already home to the world’s largest online population but its e-commerce market is currently worth ‘only’ US$74 billion – less than half that of the US at $177 billion.

But the Chinese e-commerce market is growing rapidly and with such a large online population, it may leap-frog over the penetration rate of standard retail stores. This is potentially one of the drivers to make China the world largest e-commerce market by 2015, according to a recent report by BCG.

Overview Of China Social Media Equivalents

“Ogilvy China updated its infographic showing China’s social media equivalents – or copycats, as Western media loves to call them. Of course many of these started out as copycats, but most evolved into much more than the original Western website, either by adding additional functionalities or by localization of functions.”, wrote Marc van der Chijs (Dutch entrepreneur in Shanghai) on his blog.

China Social Media Overview

Making sense of the buzz on Chinese social media

NOST (TWA netwerk) paid a visit today to CIC in Shanghai. CIC is one of China’s leading social business intelligence providers. They are active in this market since 2004. In their own words, they are ‘making sense of the buzz’.

China has many different social media platforms, with a huge amount of users. To get a feeling of the size of the Chinese social media, take a look at these figures:

  • 485 million Internet users
  • 318 million Blog users
  • 144 million BBS users
  • 230 million SNS users
  • 195 million Weibousers
  • 301 million Video sharing users
  • 42 million Group purchase users

All these users are creating a vast volume of data. This data can be very useful for marketing managers. Collecting, processing and converting it into usable data is however far from easy. To mention two challenges: the Chinese social media platforms do not always have open APIs and users often use internet slag, abbreviations, jargon and nicknames. But with their experience and contact network in the social media world, CIC seems to be more than capable of tackling those challenges and indeed making sense of the buzz.

Link: CIC
Chinese social media statistics courtesy of CIC.