by Brooke Salkoff for China Business Review

For Alex Gruzen, CEO of wireless charging pioneer WiTricity, working with a tech-focused venture capital firm in China seemed a natural fit. Gruzen knew China well from his time at Compaq, Hewlett-Packard, and then Dell, where he led the company’s global notebook business. Since joining Boston-based WiTricity, Gruzen’s priorities included getting the tech right, growing the US customer base, and then breaking out in China, where the automotive and consumer electronics industries – the company’s primary targets for licensing and embedding its technology – have seen meteoric growth.

The Chinese investor in this case was Haiyin Capital, a Beijing-based venture firm deploying its third fund with a new cross-border focus. Yuquan Wang, Haiyin’s founding partner, had experience partnering with American firms; early on in his career as a consultant for US consulting firm Frost & Sullivan, he helped China Mobile grow to become by market cap the largest mobile telecom company in the world. With a decade of venture capital experience, Wang had a profound appreciation for the potential of untapped synergies in the Chinese and US tech worlds.

“The next Steve Jobs won’t come from China,” Wang noted, referring to Apple’s former CEO. “But he’ll need China if he expects to build a global company. Our idea is to find those companies in the US and help them use China to achieve explosive growth.”

To read the complete article click here.

As part of a three-city stop aimed at highlighting opportunities for U.S. and Chinese cooperation in tech investment, Haiyin Capital coordinated an appearance by four companies on the popular CCTV show "Dialogue."  This episode included Silicon Valley investors Reid Hoffman (LinkedIn) and Peter Thiel (PayPal), who along with a live audience at Qinghua University heard from Wicab CTO Rich Hogle, Hanson Robotics founder David Hanson, LightSail Energy Chief Scientist Danielle Fong, and WiTricity CEO Alex Gruzen.

To see the episode in full click here.

Danielle Fong

Energy and health are closely related, if we can achieve renewable energy storage, can supply energy to the world that intermittent, reduce its cost and make it popular.

Danielle Fong founded LightSail company, the core technology is how to use the method more economical compressed air, stored energy. LightSail mist injection machines use compressed air tank needed to collect and release energy, it is not only a smaller battery, it can store solar or wind power. Do not use fossil fuels, but the use of renewable energy sources such as solar or wind energy to compressed air, the piston and the metal of the energy use for storage.

Imagine you compress air, the energy can go into a jar, when you need the energy, the compressed air out from the storage tank. This allows the mechanical energy into electrical energy, as one of the engine to generate electricity.

Click here to read the full article.

by Katie Fehrenbacher

Combining the best in Chinese manufacturing with the best in U.S. high tech R&D. At least that’s the idea.

Dozens of some of the most promising high tech entrepreneurs in the U.S. are headed to Beijing over the next day or two for a weeklong trip that could represent the future of U.S.-China technology cooperation.

The trip is organized by Chinese venture capital firm Haiyin Capital, which just finished dispersing its third fund of $50 million into mostly U.S. tech startups like energy storage startup LightSail Energy, based in the Bay Area, solar tech startup 1366 technologies, located just outside of Boston, private space flight company XCOR Aerospace, in Mojave, Calif., and crowdfunding companyAngelList (distributed offices).

The attendees on the trip are mostly entrepreneurs that Haiyin Capital has funded. LightSail Energy‘s co-founder and chief scientist Danielle Fong is already on her way there; LightSail co-founder and CEO Steve Crane leaves today. Frank van Mierlo, the CEO of 1366, is also en route.

The group will start in Beijing, and tour through the manufacturing regions of Hangzhou and Guangzhou, meeting with local businessmen and government officials along the way. They’ll also attend entrepreneur-focused events that Haiyin has organized, some of them giving talks to Haiyin’s network like one next week in Beijing by a test pilot of XCOR’s private space tech.

To read the full article, click here.