China-US Entrepreneur and Investment Summit and People’s Daily Online Global Partners Conference held in Silicon Valley

The signing ceremony of People's Daily Online Global Partners.

The first-ever China-US Entrepreneur and Investment Summit held by People’s Daily Online, themed on “Smart Interconnection, Innovative Future,” kicked off on Saturday in Silicon Valley, California, United States. Focusing on the present and future of Chinese and American innovation and venture capital, the summit aims to provide a platform for the two nations’ cooperation in science, technology, innovation, and investment.

Luo Linquan, Chinese Consul General in San Francisco delivered a speech at the summit.

“The healthy development of China-US relations should be promoted jointly by Chinese and American public. At today’s conference, industry representatives from both nations deepened their mutual understanding, which is important for strengthening mutually beneficial cooperation between the two sides,” said Luo Linquan, Chinese Consul General in San Francisco, United States.

Noting the recent trade conflicts between China and US, Luo reiterated the importance of mutual respect and cooperation, adding that the two sides have more common interests than differences, while differences should be dealt with through dialogues and consultation in a proper and balanced way.

Tang Weihong, Vice President of People’s Daily Online, delivered a speech at the summit.

Echoing Luo, Tang Weihong, Vice President of People’s Daily Online, pointed out that cooperation is the only way forward for China and America. She further noted that People’s Daily Online has “huge confidence in the venture capital cooperation between the two countries.”

“This is our first time holding a summit on the theme of entrepreneurship and investment in a foreign country. People’s Daily Online is dedicated to becoming a bridge between the venture capital firms and startups from both countries and will join hands with the partners to enhance global entrepreneurship and create a better future for humanity,” Tang added.

Guests also witnessed the launch of People’s Daily Online’s overseas investment platform, which will later initiate a dollar-denominated venture capital fund.

Addressing the two nations’ cooperation in venture capital, Tang said that the cooperation should focus on emerging technologies that benefit the real economy and support early-phase projects and small enterprises, as well as contributing to the establishment of a community with a shared future for mankind.

At the summit, Lanzhou Municipal Government, Tianfu New Area of Sichuan, National Business Daily, ChainNews, Hongkong Kingwai Group, Xunlei Limited, and Daily Journal Cooperation signed an agreement to form a global partnership with People’s Daily Online.

Guests also witnessed the launch of People’s Daily Online’s overseas investment platform, which will later initiate a dollar-denominated venture capital fund.

In addition to the major events mentioned above, People’s Daily Online has also arranged a series of sub-forums, inviting entrepreneurs, investors, and journalists from both China and US to discuss the latest blockchain achievements and technologies, as well as discuss innovative solutions for overcoming current obstacles in the industry.

The summit was warmly welcomed by US business leaders, with Stephen Koziol, Regional Director of the United States Patent and Trademark Office (USPTO) in Silicon Valley, calling for deeper and stronger connections between China and US in patent protection.