Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Fu Miao: Overseas Start-ups should seize the opportunity to explore the China market as early as possible


News provided by

Galaxy Internet

02 Oct, 2017, 08:41 GMT

Share this article

Share toX

Share this article

Share toX

SANTA CLARA, California, Oct. 2, 2017 /PRNewswire/ -- Sept. 28th-29th, 2017, the 7th Silicon Valley Innovation & Entrepreneurship Forum (SVIEF) was held at Santa Clara Convention Center. This forum not only featured discussion sessions such as 'Global Innovation Leaders' Dialogue',

'Silicon Valley Smart Future Summit', 'Global Next Car Summit' and 'US-China Investment Panel', but also showcased the Silicon Valley Developer Summit and the 7th SVIEF-Star Startup Contest Final.

Delegates, speakers and honored guests that attended the forum includes Judy ChuMeixin  Zhao, US Congresswoman and honorary chairman of the SVIEF, Steven Chu, former U.S. Secretary of Energy, Nobel Prize  laureate winner and professor of physics at Stanford University, Shousheng Zhang, founder of Danhua Capital, member of the US National Academy of Sciences and Chairman of the SVIEF, and Draymond Green, the NBA's Golden State Warriors star forward and a tech investor.

Miao Fu, co-founder and CEO of Galaxy Internet, was invited to attend the forum, where he participated in the 'Global Innovation Leaders' Dialogue' session, gave a closing keynote speech for the 7th SVIEF-Star Startup Contest Final and was presented with the award of '2017 Investor of the Year'.

During the 'Global Innovation Leaders' Dialogue' session, Miao Fu, together with Bibop G. Gresta, co-founder and chairman of Hyperloop, Steve Mann, "the father of wearable computing", and Shen Haiyin Shen, founder and CEO of Singulato Motors, discussed topics related to cutting-edge technologies, involving whether AI is becoming a threat to humanity. Miao says that AI is a tool, and the outcomes a tool brings depend on its users, that is, the human beings. The technology itself is neutral (neither good nor bad), but its ultimate goal should be to serve the humankind. To avoid the threat AI poses, To prevent AI from becoming a threat, we human beings should get organized and  need to arrive at a consensus on how to collectively manage the use of it, just like the way we have been managing the nuclear technologies. .

The 7th SVIEF-Star Startup Contest Final, the highlight of this forum, featured 15 outstanding start-up companies, including Artveoli, which produces artistic air panels for purifying the air in people's homes, SolarGaps, which can provide solar power solutions to cover 70% of home electricity demands, TronMedi, a medical imaging diagnostics system based on deep learning technology, and Nevada Nanotechnologies, a microelectromechanical (MEMS) system based on sensor modules and other subsystems.

As a closing keynote speaker of the contest, Miao Fu strongly reiterated his recommendation that US-based start-ups should act early, seize the opportunity and tap into China market right after they find their product-market fit. He mentioned that on average, it takes 7 years for US unicorns to make the billion-dollar mark, whereas in China, it takes only 4 years for local start-ups to make the milestone. If the US-based start-ups try to scale up their business to China only until they go public and reach the mature stage, they may miss out the best opportunities.

At present, the global Internet industry is heading toward a bipolar pattern featuring China and the United States. Each grabbed 5 spots at the ranking of world's top 10 Internet listed companies.

For European and American companies, not only is the China market very large, but it is also developing at an extremely fast pace, indicating huge growth and profit potential for start-ups and SMEs. However, it is always challenging for international start-ups and SMEs to have a good understanding of such a complex market like China, therefore it is very difficult for international start-ups and SMEs to venturetap into China market solely by themselves. As such, Miao believes that choosing a strong local partner, such as Galaxy Internet, who could help international startups navigate the market, identify growth opportunities and achieve strategic goals in China, and will greatly reduce the cost of market entry and ensure a win-win situation for both sides.

Data shows that Galaxy Internet, the company co-founded by Miao, is an institutional co-founder for start-ups: it provides entrepreneurs with not only capital but also a full range of services and strategic resources, including 8 main categories of start-up services such as Strategy Planning, Business Model Tuning and Recruiting & Training. Aside from that, Galaxy Internet can also be a high value-add strategic investor. Thanks to the massive resource network of Galaxy Group and its breadth of investments in sectors such as Cloud Computing, AI, SaaS and FinTech, start-ups in this vast community can build relationships, and partnerships and early client base that otherwise would not be possible. Since its establishment, Galaxy Internet has invested in more than 200 start-ups, among them, 3 companies are already listed: EGLSgls (SZ:002619), Chinese All Digital Publishing Group (SZ: 300364) and JMU (NASDAQ: JMU).  It is ranked as one of the Top 10 Corporate VC firms in 2016, together with Alibaba, Tencent and other CVCs.

The three holding companies of Galaxy Group Leveraging three public companies it controls, Tianma (002122.SZ), Busen (002569.SZ), and JMU (NASDAQ: JMU), Galaxy Group has established position leading names in the fields of cloud computing, big data, artificial intelligence and fintech.  Galaxy's US branch is located in the heart of Silicon Valley, and it the company also has branches in the UK and Israel. Galaxy Group Internet have made strategic investments in IP Group (London Stock Exchange: IPO), a leading intellectual property commercialization company, and Deal Globe, a specialist of cross-border M&A deals. It has also partnered with famous incubators in the Bay area, PNP for example, to help encourage startups to grow into unicorns by integrating global innovation and investment resources.

Contacts
GX-internet  PR
SEN YAO  86-10-59065243

Modal title

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.