This sponsored post is produced in association with Nvidia.
As smartphone use throughout China and East Asia expanded by double-digit percentages year over year, China has shifted from dominating the low-end manufacturing market to owning the high-tech sector — and in the process has become the second-biggest startup market in the world.
Worldwide e-commerce giant Alibaba Group kicked off the startup movement when it went public in September 2014, and Beijing-based smartphone manufacturer Xiaomi followed after. It became the world’s most valuable tech startup, raising US$1.1 billion in a round of funding that brought their value to US$46 billion.
The startup growth hasn’t stopped since, and the government’s jumped on board with a US$6.5 billion VC fund to help seed companies in emerging industries, including innovative tech startups. More recently, the government has also offered such companies tax breaks, secured loans, and lower barriers to doing business
From March 2014 to May 2015, a total of 4.854 million new companies were registered. That’s 10,600 new businesses every day, or seven new businesses every minute. And according to CB Insights, the country now boasts 19 unicorns, with Xiaomi leading the pack.
Unsurprisingly, foreign investors are starting to sit up and take notice — but aren’t sure where to start. Doing business overseas always presents unique challenges, none more so than China. China’s vast and fast-paced market holds tremendous potential — but many uncertainties for potential investors.
Get a closer look at companies coming out of China: Check out ‘Focus on China’ at the Emerging Companies Summit, April 6 in Silicon Valley. Register now, and save $120 before April 2.
That’s why Nvidia has added a “China in Focus” session to its daylong Emerging Companies Summit (ECS) April 6 in Silicon Valley. (ECS also includes sessions focusing on VR, a startup competition, awards ceremony, and the opportunity to meet with 65 startups in the expo hall.)
China in Focus includes onstage presentations from startups, a panel discussion comprised of experts on the Chinese market, and the opportunity to talk with 20 Chinese startups who will be exhibiting there.
Three innovative Chinese startups will do onstage presentations to discuss their strategies:
- ANTVR, a Beijing-based startup, is focused on virtual reality. It created an open-source VR gaming set that works across mainstream gaming platforms. It is now collaborating with Lenovo, among other companies, and plans to launch a new version of its VR head-mounted device in mid-2016.
- SenseTime focuses on computer vision and artificial intelligence powered by deep learning. The Hong Kong-based company creates software development kits and application programming interfaces that enable computers to recognize faces and objects, and to understand the world. Its customers use its technologies for surveillance, traffic control, and self-driving cars.
- Yuanqu Tech is a Shanghai-based startup building artificial intelligence robots to serve as educational companions for children. It’s focused on state-of-the-art speech and natural language technologies, especially those related to human-machine interaction.
Following their presentations, a panel of experts will share insights on how to succeed in the Chinese market, useful for both startups and investors. Speakers include Kitty Folk, managing director of the research firm IDC; John Kinzer, managing director of Silicon Valley Bank’s Asia Link team; and James Lu, partner in the Cooley law firm business department in Shanghai.
The China in Focus session will also be an opportunity to connect with venture capital and banking experts who understand how to do business in China.
Don’t miss your chance to see these companies up close. Nvidia’s Emerging Companies Summit, which takes place April 6 in Silicon Valley, has a long track record of helping promising companies become successful and grow. Register now, and save $120 before April 2.
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