NEW FRONTIERS

2016 Converge

A Presentation by Jenny Lee

Managing Partner, GGV Capital

2 0 0 0 – 2 0 1 0

Internet 1.0: PC

1.4B

PC users

globally in 2010

2 0 1 0 – 2 0 1 5

Internet 2.0: Mobile

4.0B

smartphone users

globally in 2020

2 0 1 5 – 2 0 2 0

Internet 3.0: IoE

50B

connected devices

globally by 2020

B e y o n d 2 0 2 0

Beyond Silicon: Carbon

Nanotubes

Innovation in compute

power, sensors, AI, deep

learning

Internet Evolution: Past, Present, Future

Source: Internet images, company websites, GGV research

Frontier Technologies

Trackers Visual Sports Apparels / Shoes

Zepp

Go-pro

Xiaomi

Oculus

Google

Baofeng

Misfit

Fitbit Radiate

First Generation Wearables

Source: Internet images, company websites, GGV research

Next Generation Wearables

Head/brain

Thought control

Eyes

Active contact lenses

Ears

Wireless earbuds

Skin

Integrated, flexible

electronics

Biosensor

Mounted internally. Used as an

early ar i g for critical

conditions, or for general health

monitoring

Wristband

Integrated sensor, display

and UI functions. Current

form is a Smart Watch

Footwear

Potential source of power.

Also contains sensors

Apparel

Used for improved visibility,

monitoring health/posture.

Equipped with integrated sensors.

Also fashion applications

AR/VR

Augmented and virtual reality

Source: Internet images, company websites, GGV research

Land Transportation

Google cars: Coming soon in our lifetime

Hyperloop: Revolutionizing transportation

US: High Tech Driven China: Smarter and Greener

Ninebot: Acquired Segway brand

BYD NIU

LeTV Faraday Source: Internet images, company websites, GGV research

Global Drones Delivery Initiatives China Consumer Drones Innovation

DJI - Phantom Series: For

aerial photography

Hover Camera: AI powered

personal drone; for flying

selfies

Ehang 184: Low altitude

point to point auto flying

transport

Amazon

Prime Air

Smart JD

Deliveries

VTOL, Y-6

Air Transportation

Source: Internet images, company websites, GGV research

China’s Yuanmeng (圆梦) Airship: China just flew a 250 foot

helium airship near to the edge of space:20km altitude in Oct 2015

“Space is not only important for the future of

transportation. It’s i porta t for the future of imagination.” --- George T. Whitesides

Founded by Richard Branson,

offer suborbital consumer flights

Space Transportation

Source: Internet images, company websites, GGV research

“Earth, in all its beauty, is just our starting place.

We are of Blue Origi , a d here is where it begi s. --- Jeff Bezos

BLUE ORIGIN Founded by Jeff Bezos, New Shepard: 3rd successful test

flight 040216

I think it would be great to be born on Earth and

to die on Mars. ---- Elon Musk

Founded by Elon Musk, Falcon 9: 3rd successful landing

052816

China Space Program:

fro Lo g March ‘ockets to orld third space statio Hea e ly Palace Tia go g-3 by 2022

China Home Consumer Robots

Rokid,

reimagining

home

automation

with two-way,

human like

interaction

How Are

You. An

educational

companion

for children

Ecovacs,

China leading

home

cleaning

robot brand

Meet HEXA.

The highly-

intelligent,

highly-mobile,

six-legged

robot

VINCROSS

Robotics

Source: Internet images, company websites, GGV research

Industrial BioMedical

Sinsun (新松机器人)

STEP (新时达)

Dissolving Medical Robots • Tiny robots injected into the human

body to perform surgical tasks

• They dissolve away once task is

completed

Surgical Robotic Platforms

• Robots to help surgeons make precise

movements during keyhole surgery

4D Printing Of Squishy Robots • In 4D printing, time is the fourth

dimension that characterizes the

structure of the material

• Namely, materials can change shape

even after being printed

• China has 36 robots/ 10k manufacturing workers, compared

with 292 in Germany, 314 in Japan and 478 in South Korea

• China manufacturers bought 66k of 240k of industrial robots

sold globally in 2015

Robotics

Source: Internet images, company websites, GGV research

Summary

Global collaboration will further speed up technology exchange, enhance faster adoption and commercialization

China is emerging as a new frontier in tech: Chinese start-ups will continue to make huge progress in areas like drones and robotics, with more yet to come

Manufacturing Power

China produces globally

90% of all PCs, 80% of all

A/Cs, 74% of all solar cells,

70% of all cellphones

Source: Internet images, company websites, GGV research

Budding Talent

By 2030, 27% of all 25-34

years with a degree will be

in China

Rising Innovation

In 2014, China has outstripped

both US and Japan in number

of global patent filing at 34%

market share (wipo.int)

The Jour ey Begi s …

jlee@ggvc.com