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[VIDEO] A Look into DJI, the World’s Largest Drone Manufacturer

1 min read

A introduction China’s famed DJI (Da Jiang Innovations), the world’s largest producer of drones world wide. This video features the history of the company, its founder, their financial statistics, and much more.

Below you will find the outline for the power point featured in the video:

 

An Intro to China’s 100 Most Influential Tech Companies

  • DJI
  • 大疆创新科技有限公司

 

1, Company History

  • Founded in 2006
  • Began sales in local market in 2008, expanding internationally a year later
  • In 2012, it developed stabilization tech to allow for high quality drone footage
  • In 2015, The Economist named DJI as being at the forefront of the civilian-drone industry

2, Meet the Founder

  • Frank Wang (汪滔 / Wāng Tāo) born in 1980 in Hangzhou
  • Received a grant of just over $2000 USD from his university, Hong Kong University of Science & Technology, as a grant to develop drone technology
  • DJI was founded out of his dorm at HKUST in 2006
  • Became the youngest tech billionaire in Asia

3, Financials

  • Private Post-Series B Company
  • $30 million Series A from Sequoia Capital
  • $75 million Series B from Accel Partners
  • Currently raising $500 million-$1 billion in Pre-IPO funding @ $15 billion valuation
  • Revenue of $2.7 billion in 2017
  • Growth of 65% year on year

4. Drone Line-up

drone dji china influential companies

5, Maintaining Monopoly Status

  • 70% global market share for consumer drones
  • 70% market share for agricultural drones
  • China exports 70% of the world’s supply of drones

6, Wrap-up

  • Preparing for an IPO
  • Expanding drone market, Chinese Ministry of Industry and Information technology:
  • 40% growth for next two years
  • 25% years after

ReadWrite, Spoke Intelligence, and LeaguerX entrepreneurial investment all made this video possible. To see more content like this, have a look at the previous video from the “100 Most Influential Chinese Companies” series on Tencent.

If you are an entrepreneur outside of China looking to explore the Chinese market and see the potential for your business to expand please reach out to us at LeaguerX. We specialize in bringing cross border technology companies to China and are now accepting applications for our acceleration program to help companies expand to the Chinese market.

Clayton Jacobs

Clayton Jacobs

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Journey to GDPR compliance

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Journey to GDPR compliance

May 25 is an important day for data protection in the EU and elsewhere. Alison Howard explains how Microsoft has prepared for May 25 and beyond.

Continue reading Journey to GDPR compliance.

Journey to GDPR compliance

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Instapaper to temporarily block European access, cites GDPR

1 min read

Instapaper is temporarily closing itself off to Europe.
Instapaper is temporarily closing itself off to Europe.

Image: Getty Images/Blend Images

Popular bookmarking service Instapaper is temporarily closing off access to European users, as it buys time to adjust to Europe’s tough new data law.

The General Data Protection Regulation (GDPR), which comes into force on Friday, has tight requirements on how companies deal with personal data. 

Businesses and companies who deal with European users are required to comply with rules on how they collect, secure, and handle their data — or face severe penalties. 

With companies racing to comply with GDPR, Instapaper users were sent an email notifying them that the service would be blocked off in Europe on Thursday — giving them less than 24 hours notice.

Here’s the email, which was posted by freelance marketer and developer Owen Williams via Twitter on Wednesday.

“Starting tomorrow May 24, 2018, access to the Instapaper service will be temporarily unavailable for residents in Europe as we continue to make changes in light of the General Data Protection Regulation (GDPR) which goes into effect May 25, 2018,” the email reads.

“We apologize for any inconvenience, and we intend to restore access as soon as possible.”

It’s unclear why Instapaper has decided to go dark, or if it has a date when the service will be restored.

In a follow-up tweet, Instapaper’s Brian Donohue said he couldn’t “comment on specifics” but was working to resolve the issue. 

With companies facing fines for GDPR non-compliance that can be up to 4 percent of a company’s annual income or €20 million, depending on which is higher, the risk simply isn’t worth it.

Email unsubscription service Unroll.me, who has been mining inboxes for data to sell to third-parties for years, also announced it would make its service temporarily unavailable in Europe ahead of the GDPR.

[h/t The Verge]

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IoT World 2018 – Innovation, Startups, And Awards – ReadWrite

2 min read

Last week held the annual, IoT World Conference in Santa Clara, California. An event that packs in over 12,000 people from around the world to discuss, share, and plan for the next wave of the Internet of Things (IoT). The week was nothing short of insights from industry experts, hackathons, workshops, and global startups showcasing the latest innovations in IoT.

During the conference, I had the pleasure of participating in Project Kairos, IoT World’s exclusive startup program. The program is aimed at providing early-stage startups with the education, exposure, and opportunities to have a successful conference. Throughout the week, 50+ participating startup founders & their team members took part in various activities such as Founder’s Day with educational and interactive workshops, showcasing in Startup City, and pitching to industry-focused investors all for the chance at winning the Innovation of Things Award and company spotlight at that 2019 IoT World Conference.

Founder’s Day led the week off with workshops from founders & investors sharing their knowledge about what it takes to build successful IoT businesses. Topics discussed ranged from Becoming a Global Business to Going Public vs. Being Acquired, to foundational business practices like When to Pivot and Raising Capital. Last year’s Innovation of Things Award winner, Reality AI, shared their insights on the changing landscape of artificial intelligence (A.I.) and how their business has grown over since last year’s conference. All valuable lessons for those who attended.

Over the remaining two days of the conference, more than 25 global startups choose to pitch in front of investors who represented five different IoT categories. The competition brought light to which verticals of IoT are being challenged by startups looking to disrupt. 

Each group was allowed one winner selected by the investor judges, who would go on to compete for a spot on the final stage. The winners for the hard-fought semifinals included:

1. MbientLab (Consumer IoT – Smart Home, Healthcare, and Wearables)

2. Nikola Labs (Enterprise Innovation & Digital Transformation Winner)

3. Parakeet (IoT Solution Providers Winner)

4. Lunewave (Connected Automotive Winner)

5. VINChain (Industrial IoT Winner)

Following much discussion from the judges, only three were named as finalists who then headed to the main stage for their last pitch-off. With only one round of pitches to go, the finalists gave their last presentation of the week with the winner named shortly after.

Congratulations to the 2018 IoT World’s Innovation Things Award winner, Lunewave, who’s cutting edge antenna and sensor technology for autonomous vehicles, wireless communications, and drones

Finalists Included:

mbientLabs, who builds a wireless sensing platform for R&D primarily used in sports rehab, therapy, clinical trials, and medical research. The platform includes motion, environment, and biosensors that are seamlessly integrated into garments.

VINChain, who has created a worldwide decentralized database of vehicle information that is 100% transparent, reliable and accessible by everyone. This database is blockchain based, which guarantees that information on it has not been faked, changed or deleted. The blockchain guarantees full transparency and builds trust in the system.

The 2018 IoT World Conference & Project Kairos were exciting shows yet again, and I’m looking forward to what innovations come because of it. See everyone next year!

Finals at IoT World 2018

Disclaimer: ReadWrite Labs was a sponsor of Project Kairos.

Kyle Ellicott

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