DJI, the world’s largest consumer drone maker, is reportedly in the process of raising US$1 billion, at a valuation of around US$15 billion.
James Watson, the Nobel laureate who co-discovered the structure of DNA, has thrown his support behind a life science research center being established by the Shenzhen city government. In fact, the 90-year-old scientist will work at the facility, according to Chinese media.
In recent years, many talented Chinese scientists have abandoned Silicon Valley to seek greater opportunities at home with local tech firms. Now they will have an added incentive as Chinese venture capital firm Shenzhen Green Pine Capital Partners has launched a RMB1 billion (US$155 million) fund to help overseas Chinese scientists start businesses in the southern city of Shenzhen.
The world’s largest consumer drone maker DJI has vehemently denied accusations from U.S. Immigration and Customers Enforcement (I.C.E) that the company’s drones have been collecting sensitive data on American infrastructure and sending it back to the Chinese government.
Sequoia Capital China has raised US$50 million for a China focused fund, over a year after the venture capital firm started fundraising for the vehicle last September, according to a security filing.
Shenzhen, once a hotbed of technology innovation and home to seven Fortune Global 500 companies, is losing out in the race to becoming China’s Silicon Valley.
Sweden may not be the most populous of nations, with just 9.8 million people. But the country that brought us the the Nobel Prize for science has given birth to a disproportionately high number of tech giants. Skype, the Internet calling service bought by Mcirosoft, digital music service Spotify, popular mobile game Candy Crush and Minecraft developers King and Mojang, are all Swedish entities.
SHENZHEN, China, July 3, 2017 /PRNewswire/ —
A marketing agency in Shenzhen has given the world a glimpse of what the world could look like if China took over by creating U.S. currency featuring faces of Chinese emperors.
ITTIZ and Global from Asia sent red envelopes containing the bills to 500 of the biggest companies in Shenzhen, including Lenovo, ZTE, MEIZU, Huawei, Haier, OPPO, DJI, and others. All of the bills are actual U.S. currency notes, ranging in value from $1 to $100, with a removable sticker of a Chinese emperor covering the respective U.S. icon’s image.
A few companies responded for requests to comment after receiving the envelopes.
- "It really puts into perspective the current state of global affairs and how the world is so quickly changing." — Q. Shah, CEO, ATOM.
- "Received the envelope and instantly thought that this will probably offend some people overseas, however we mainly see the comedic aspect of it." — Enzo Wang, CEO, Jinzhouheng Electronics.
- "Pretty excited to receive the red envelope. Who doesn’t love lucky money?! Initial thought was confusion as I thought it was fake, but extra happy when I found out the sticker was peelable and money was real. Not your normal campaign. Ballsy." — Ibby Azzam, CEO, Mazai Sourcing.
The timing for sending out the red envelopes coincides with the Fourth of July, American Independence Day, which was chosen for maximum impact.
ITTIZ came up with the idea for the campaign a few months ago when considering the outcome of the U.S. presidential election. Sean Davis, CEO of ITTIZ, said that with the current state of globalization and the general interconnectedness of countries, the likelihood of China’s rise is as probable as ever and pulling back isn’t a reasonable option. This is ITTIZ’s second campaign; the first one was in April last year and impacted around 15 million people.
The company wanted to create something that taught companies in Shenzhen the value of thinking creatively, and so the currency, political, competitive and comedic aspect of this campaign became appealing.
Along with support from Mike Michelini, CEO of Global from Asia, the campaign to send the U.S. currency to Chinese companies began. Each note is customized and titled, "Are you ready to take over America?"
ITTIZ believes this was a creative way to share the importance of marketing with Chinese companies by tying it in directly with currency, revenues, and overseas competition. The campaign is expected to reach a wide audience spanning various industries. Thus far, there has been a range of reaction, with the majority finding the campaign humorous.
"The campaign sparked the imagination of all those involved," said Sean Davis. Davis expects this campaign will attract more attention to his company and showcase what ITTIZ can do for clients.
"We found the red envelopes to be quite humorous" Leo Chen, CEO, JUISIR.
Mike Michelini, who has been in China for over 10 years, was surprised by the reception the campaign received. "We did not anticipate the campaign would spread this quickly."
Both Davis and Michelini are supporters of Shenzhen and have lived in the dynamic city for over a decade.
"One of the other reasons we ran this campaign was to showcase the creative abilities currently available in Shenzhen. A lot of the time there is a large focus on hardware, while the creatives are left out in the cold. We wanted to show that Shenzhen is not only a place for hardware innovation, but for innovation on all fronts, such as, in our case, marketing, branding, and design," said Davis.
"We see Shenzhen being a technology hub for the 21st century. We feel that creative ideas will only accelerate this movement. The future is coming at us quickly, everything in today’s economy is up for grabs, and Shenzhen is ready to grab hold and take it!"
*The currency is not defaced in a way that would violate Title 18, Section 333 of the United States Code.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/take-over-america-goes-viral-in-china-300482431.html
Entrepreneur Jeff Wang planned to start his company in Hong Kong in 2015, after obtaining a Ph.D. degree in mathematics from a prominent university in the U.K. The data expert wanted to use an analysis method called Topological Data Analysis, his Ph.D research topic, to help enterprises better analysis their data by visualizing it.
Shanghai, China, May 24, 2017 /ChinaNewswire.com/ – The GSMA today highlighted new developments for the 2017 GSMA Mobile World Congress Shanghai, which will be held 28 June – 1 July 2017 at the Shanghai New International Expo Centre (SNIEC). The GSMA provided several updates, announcing the first confirmed speakers for the conference summit sessions, introducing… Read More
Beijing, China, May 9, 2017 /ChinaNewswire.com/ – China Money Network, the trusted news platform on China for millions of global investors, today launches its China Unicorn Ranking 2017, the most complete and up-to-date list of Chinese private companies valued at US$1 billion or more. With 102 unicorns, a term used to describe the statistical rarity… Read More
We live in the age of unicorns. Since the term was coined in 2013 by venture capitalist Aileen Lee to describe start-ups valued at US$1 billion or more, unicorns have multiplied with incredible speed. The unicorn, symbolizing the statistical rarity of such successful ventures, has become almost commonplace. With 193 unicorns globally worth US$664 billion in total*, unicorns also reflect the rise of private capital and investor euphoria over the promise of technology, especially in China.
James Zhou, founder of China’s biggest robot maker Ubtech Robotics, was fascinated by the Transformers show as a young boy in Shanghai during the 1980s. A few decades later, he’s turned his childhood passion into Ubtech, a US$5 billion technology powerhouse based in Shenzhen.
Competition featured over 27,000 entries from around the world
SHENZHEN, China, Jan. 24, 2017 /PRNewswire/ — SkyPixel, the world’s most popular aerial photography community run in cooperation with DJI, has concluded a two-month global competition by selecting a series of beautiful and breathtaking aerial images as the top drone photographs of 2016.
The 2016 SkyPixel Photo of the Year went to "Fishermen close the net," a photograph by Ge Zheng shot in Fujian Province in China, in which reflections, colors and the unique aerial perspective create a startling composition from netting, poles and water. SkyPixel’s blue-ribbon judging panel selected his photo and other category winners from over 27,000 entries submitted from 131 countries.
For his winning entry, Zheng will receive a DJI Inspire 2, a DJI Mavic Pro, Epson Moverio BT-300 smart glasses, Epson SureColor P400 Wide Format Photo Printer and an Adobe Creative Cloud Photography Plan (1-year membership).
In addition to the grand prize, SkyPixel picked first-, second- and third-place selections in three different categories — "beauty," "360″ and "drones in use." Professional and enthusiast entries were judged separately. The SkyPixel competition also awarded prizes to photos designated as "most popular"; winners for the Popular Prize were chosen by the number of "likes" they received on SkyPixel. SkyPixel collaborated on the 2016 competition with prizes sponsored by DJI, Epson, Adobe, Insta360 and Ctrip and media partners TIME, Conde Nast Traveler and FStoppers.
Selection of other photos that made the final winning list
*Note: Media may use photos with credits offered to the original photographer and SkyPixel (www.skypixel.com)
SkyPixel was founded in 2014 and has become a leading global community for aerial photographers and videographers. The platform has over one million registered users and hosts thousands of aerial images and videos uploaded daily by users from around the world. Leading works have received over 1 million views. The world’s largest aerial photography contest was hosted by SkyPixel in 2016, with over 27,000 entries received from 146 countries. In addition, SkyPixel also promotes the growth of the aerial community, with an educational section featuring key experts of aerial imaging who provide tips on how to produce the best aerial photography. www.skypixel.com
Showcasing some of the best work from the SkyPixel 2016 Photo Contest
SHENZHEN, China, Nov. 27, 2016 /PRNewswire/ — SkyPixel, the world’s largest community dedicated to aerial photography, today released its top picks of aerial photos taken by photographers and drone enthusiasts from around the world. These 10 photos were considered to be some of the best works submitted to the SkyPixel 2016 Photo Contest thus far.
The SkyPixel 2016 Photo Contest is still accepting entries and will continue to run until December 30, 2016. Photographs from any type of aerial platform are welcome and participants can submit as many photos as they like throughout the contest period. Participants can choose to take part either in the Professional category or as an Enthusiast (i.e. those that do aerial photography as a hobby). The contest is in partnership with TIME, Condé Nast Traveler and Fstoppers who have provided esteemed judges and photography experts to evaluate the entries. To enter the contest: https://www.skypixel.com/events/photocontest2016
The SkyPixel 2016 Photo Contest is sponsored by DJI, Epson, Adobe, Insta360 and Ctrip. The grand prize, valued over USD 5,500, includes the recently released Inspire 2, Mavic Pro and Epson Moverio BT-300 smart glasses. Other fabulous prizes include the DJI Phantom 4 Pro, Osmo, Osmo+, Osmo Mobile and the ‘Above the World: Earth Through a Drone’s Eye’ coffee table book.
The SkyPixel 2016 Photo Contest joins DJI’s 10th Anniversary Celebration to highlight the spectacular images that aerial technologies can create. The goal is to show the world why aerial imaging is the next evolution of photographic art and showcase new talents from around the world.
Note: Media who would like to feature any of the photos above can do so with credits to the original photographer and a link to the original image or to www.skypixel.com.
Photographer name and description on next page.
1. Infinity Road to Transylvania by Calin Stan – The Drone.ro
The true beauty and winding nature of Cheia (DN1A), a road in Romania that leads you into Transylvania, can only be shown through aerials as depicted here.
2. Ship Wreck at L’Agulhas by Dirke Heydenrych
A dramatic sunset is the perfect backdrop for this shipwreck off the Cape L’Algulhas headland in South Africa
3. Dronie by Manish Mamtani
A bridge caked in snow in New Hampshire was the perfect opportunity for Manish Mamtani and his wife, both wearing bright clothing, to create a contrasting "dronie" (selfie taken by drone) against the monotonous white winter cold.
4. by 225158586
Rice terraces are more commonly synonymous with Bali, but the man-made phenomenon also occurs throughout Asia, as user 225158586 showcases the presence of this unique feature in Fujian through aerial means.
5. WWII airplane by Salim Madjd
A World War 2 airplane at the outdoor display of the Belarusian Great Patriotic War Museum is caked in snow from a light snowstorm overnight, with a photo taken during ‘blue hour’ in the early morning.
6. Crop Triangle by Eddie Oosthuizen
Crop irrigation and agriculture can also be fascinating visually, as shown here with a barren triangle forming between three crop types planted in a circular motion for efficient irrigation.
7. Barskog by Atle Goutbeek
The sun and snow form a beautiful contrast in a wintery forest
8. Night lights by jeff
A private superyacht stands out with its lights in the dark waters at night from above
9. Winter by Tomasz Walczack
A road cuts through the harsh starkness of a forest experiencing winter.
10. Camel by ABBAS RASTEGAR
Camels cast a long shadow in the sun of the desert on a trek to find water
SkyPixel was founded in 2014 and has become a leading global community for aerial photographers and videographers. The platform has over one million registered users and hosts thousands of aerial images and videos uploaded daily by users from around the world. Leading works have received over 1 million views. The world’s largest aerial photography contest was hosted by SkyPixel in 2015, with over 11,000 entries received from 146 countries. In addition, SkyPixel also promotes the growth of the aerial community, with an educational section featuring key experts of aerial imaging who provide tips on how to produce the best aerial photography. www.skypixel.com
Hong Kong, China, November 15, 2016 /ChinaNewswire.com/ – JW Marriott Hotel & Resorts and DJI, the world’s leading drone-maker, today announced a special partnership that will launch the luxury hotel brand’s first Drone Experience Program. The program will provide guests with the opportunity to experiment with DJI’s innovative drone technology. Hotel guests will view the… Read More
Another Chinese drone maker just got venture funding. Chinese social network Renren Inc has co-led a RMB72 million (US$11 million) series B funding round in Simtoo, a Shenzhen-based portable drone maker.
The International Finance Corporation (IFC) is considering an investment of up to US$25 million in Maison Capital’s debut U.S. dollar fund, which has an overall target of US$200 million, according to a disclose document.
Prof. Li Zexiang (pictured) counts Chinese drone giant DJI as the most successful project incubated by him. But the Hong Kong University of Science and Technology professor has a much bigger dream: To incubate many more DJIs and make China a world leading nation for technology.
Chinese Internet search engine giant Baidu Inc. has decided to end a food-delivering drone project to focus on artificial intelligence, according to remarks made by a company executive in Beijing reported by Chinese media.
New York, USA, August 10, 2016 /ChinaNewswire.com/ – BZ Media LLC today unveiled the exhibition component of the industry’s largest dedicated commercial UAV show, InterDrone. More than 130 exhibitors have already signed up and another 30 are expected before the show opens its doors September 7-9 at the Paris Hotel in Las Vegas. The exhibition … Continue reading "160 Commercial Drone Companies to Showcase Latest UAV Technology at InterDrone"
CDH Investments has led a US$100 million investment in Ubtech, a Shenzhen-based intelligent humanoid robots maker, according to Chinese media reports.
Half of China’s ten biggest unicorns, or start-ups valued at US$1 billion or above, are financial technology firms. Alibaba-affliated Ant Financial is the biggest unicorn in the country, worth a whopping US$60 billion, followed by peer Lufax at US$18.5 billion, according to a new report by iResearch.
In this episode of China Money Podcast, guest Roger Wu, a partner at consumer-oriented private equity firm Maison Capital, spoke to our host Nina Xiang on China’s O2O (online-to-offline) bubble and the firm’s investment in a Chinese healthcare device maker.
Shenzhen has become the world’s capital of drones, taking up a 70% market share of the global consumer drone market with over 300 drone companies located in the coastal city with combined annual sales of RMB20 billion (US$3 billion).
Kingdee International Software Group Co., Ltd. has acquired Shanghai Guanyi, an IT system and service provider to Chinese e-commerce firms, allowing its backer Maison Capital to fully exit.
Venture-backed Chinese drone giant DJI has hired former head of public policy at Uber to become its head of North America public policy, according to Re/code.
Chinese smartphone maker Xiaomi Inc. is adding an important gadget, the Mi Drone, to its already impressive product line of smartphones, wearables and smart home devices, according to Chinese media reports.
Shenzhen-based robot developer Ubtech and drone maker DJI, both backed by venture investors, were featured on the Chinese New Year’s gala, highlighting the government’s push toward innovation and entrepreneurship.
There are 35 Chinese unicorns, or private companies valued at US$1 billion or above, double from last year’s tally, according to the latest unicorn rankings released by Fortune.
Shenzhen-based Chinese consumer drone maker SZ DJI Technology Co., backed by Accel Partners and Kleiner Perkins Caufield & Byers (KPCB), has opened its first flagship store in Shenzhen yesterday, according to an announcement.