Started the day with the founder of Shanghai-based Qiming Ventures, Gary Rieschel. He gave us a very interesting overview of the early stage VC market in China over breakfast at the Park Hotel. Gary has over 25 years of operating and investing experience in the information technology and cleantech industries. Prior to Qiming, Gary was the founder or lead investor in several leading venture capital firms in the U.S. and China including SAIF Partners (China), and Ignition Partners (U.S.). Gary was also the founder of SOFTBANK Venture Capital/Mobius Venture Capital in the U.S. (1996), a firm with over $2 billion USD under management.
Our next destination was just accross the Suzhou river at the office of Spil Group Asia. CEO Marc van der Chijs, who is also the co-founder of video hosting site Tudou, talked to us about his personal career as a serial entrepreneur & business angel in China as well as the success of Spil's online casual games.
After the session Marc led us to the nearby Tudou office, which is also located on Suzhou Creek in an old converted warehouse.
At the Tudou office we were honoured to combine our monthly grass root event for the Shanghai startup scene - the Shanghai Lunch 2.0 - with the China 2.0 Tour. Who would have thought that we would ever have international tech blogs & writers such as Shel Israel, Techcrunch, Mashable, The Next Web Blog, CNET Asia & many more covering us live :-)
Tudou is one of the two leading Chinese video hosting sites and their CEO & co-founder Gary Wang, who had just returned from the USA, gave us an introduction presentation on their latest innovations such as the recently launched HD channel Heidou.
We would like to thank Tudou and especially Anita Huang very much for providing the space and catering with yummy startup food!
Unfortunately our wifi card had an error and we were not able to stream & record the session on video (the irony ..) but you can review some previous video footage on Tudou below.
After Garys talk Web2Asia gave a short overview of Western Internet companies in China (incl. a quiz with the China 2.0 Tour participants) and why all of the big international players have so far failed to compete with their local counterparts. We also gave a sneak peak at the GoingEast.Asia survey results which will be published soon and will give valuable insights on the obstacles & success factors of companies expanding from and to East Asia.
The Web2Asia introduction was followed by 5min pitch presentations of local startups:
- Askform - survey widget (see a previous post from Adam Schokora on survey applications here)
- WoWuWu - online pet community (had to cancle last minute)
- Club Fish - educational MMOPRG
- Qifang - P2P student loan lending platform
Highlight of the day for our China 2.0 Tour participants was without doubts the graffiti session in Tudous warehouse basement. Find some great pics by CNReviews below
and reviews from Shel, Marc and Ryan (private post & for CNET).
Whilst the rest of the China 2.0 Tour headed to the last meeting of the day at the Italki office, Shel Israel (who had finally gotten his passport back), Elliott Ng and David Feng had to say 再见(Zai Jian/Good-Bye) to Shanghai and catch their flight to Guangzhou.
At Italki we got an introduction to their online language learning platform as well as an additional presentation from Italki co-founder Kevin Chen on his latest project - the family memorial website www.famento.com. Last but not least Mark Inkster from China Cascade Interactive, Inc. joined us to talk about "Chinas Tripadvisor" www.yiqilai.com.cn. All presentations can be reviewed below on our kyte.tv channel:
You can find more infos on the session with Italki incl. their presentation on their official blog here.