Silicon Valley Funding News - Week of July 6 2020. Fivetran Raised $100M Series C

Four years ago, I released the very first edition of the China Internet Report.  The goal of the report was simple - to share all my learning about China and how technologies were being applied in daily life in China.

Four years fly by. I really could not imagine at the time but the China-US relationship has deteriorated to its worst in decades.  This tension only accelerated the distrust between these two largest economies in the world.  This year China Internet Report highlights some of these growing tensions:

• Lasting Impact of COVID-19 on China’s Tech Sector: On challenges from COVID-19 to the global economic downturn, China and the US share common challenges and responsibilities. There is no winning or losing with human lives and well-being.  We need China and the US to work together.
• China’s accelerated technology self-reliance: The US-China trade war and sanctions on 33 technology companies have raised and intensified and the importance of China's technological independence - putting its semiconductors sector as the biggest industry to watch.
• Chinese tech companies listing in Hong Kong:  Compounded by US-China tension and a string of accounting scandals in the US, Chinese companies (Alibaba, Meituan-Dianping, JD.com) are listing back home.

The report also follows the same tradition by zooming in specific sectors including online education, health tech, eCommerce, content & media, social & messaging, 5G, artificial intelligence, smartphones & smart devices, autonomous cars, and fintech (my favorite subject).

I hope this report can help to demystify China's technology sector.  I hope all of us can learn from these innovations and applied them to our own situations and countries.  After all, technological advancement is not a zero-sum game.

Thank you, Gary Liu, Ang Jin, and Joey Liu and the SCMP research team for making this amazing report happen!

Click here to download the latest (Official Launch on July 7, Tuesday 6 am HKT).

This week a total of 16 startups raised $404.7M in funding, 3 M&As:

• $200.1M goes to 7 Enterprise startups
• $14.5M goes to 2 FinTech startups
• $6M goes to 2 AI startups
• $16.6M goes to 1 Real Estate startup
• $77M goes to 3 Healthcare startups
• $93.5M goes to 1 BioTech startup