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Live from TechCrunch – Highlights from the first TechCrunch Shenzhen

By Emma Lee

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Organized by TechNode and TechCrunch, TechCrunch Shenzhen marks TechCrunch’s 7th session in China. After six fantastic tech gatherings in Shanghai and Beijing, this is the first time for TechCunch Summit to make its debut in Shenzhen.

Entering a brand new city is a risky step for TechNode and TechCrunch, TechNode founder Dr. Gang Lu acknowledged in the opening remark, but the entrepreneurial and risk-taking spirit that has inspired millions of startups is driving us to move beyond our comfort zone.

Shenzhen is known an innovation hub for hardware and entrepreneurs could find nearly everything here. Shenzhen is also considered as a great stepping stone for Chinese startups that want to expand overseas.

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Nearly 200 startups from around the world showed off their latest products and services at the Startup Alley. Entrepreneurs lined up to meet a stack of over 70 VCs in the hope of finding financial supports that could help their dream come true. One top VC sealed an investment deal on the first day of the event.

The two-day main event welcomed over 60 top speakers from the globe with participation from more than 6000+ participants and over 170 reporters.

Allen Zhu, an investor of ofo and Xiaodian, gives his opinions on the changing markets onstage. He believes that bike rental market will be dominated by ofo and Mobike, the two largest companies in the vertical, leaving very little survival chances for smaller players. For Allen, it is meaningless to dwell on the discussion on whether it’s a rental or sharing business, the most important issue is whether the users are willing to use it or whether they can generate profit.

TCSZ-3Execs from China’s top power bank rental startups: Tang Yongbo, founder of Xiaodian, and Yuan Yuan, founder and CEO of Ankerbox, also joined to talk the latest trends of the emerging industry. Tang Yongbo disclosed that the company is going to pull the trigger for power bank rental war.

We also brought the co-founders of ofo and Mobike, two largest players in China’s heated bike rental industry, to the same stage. Zhang Siding from ofo disclosed that the bike rental unicorn is now operating nearly 6 million bikes in 120 cities across 5 countries. Joe Xia from Mobike puts more emphasis on how to improve user experience and making bikes smarter.

Ling Kong, CTO of fintech company Dianrong, expects blockchain technology to make major breakthroughs in five years and reach maturity in ten years. Zhang Wei, CTO of selfie app Meitu, discussed the company’s plan in shifting from a tool to a hardware developer and its overseas expansion plans. Li Fan, deputy manager for Strategic Development Department of CITIC Group, discussed how traditional enterprises should embrace the new challenges under the backdrop of tech innovation.

Partner at NIO Capital Ian Zhu expressed bullish views on China’s new energy and internet car industry, say that these two trends might push China’s car industry to leapfrog the western world.

Lots of excellent entrepreneurs shared their minds on the Side Stage, including the founder of Zhuhai FaceOS Technology, head of Huawei NBIoT Department, founder ling.AI Technology as well as execs from Iapppay, Microsoft, QingCloud, and UCloud.

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In case you missed the event, here are all the highlights. Last but not the least, we want to express our sincere appreciation to all the sponsors and partners for their special efforts.

Let’s meet again at TechCrunch Shanghai this November!

Source:: Live from TechCrunch – Highlights from the first TechCrunch Shenzhen

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