U.S. Entertainment & Tech Industry is Looking to the East

The Fifth SoCal Innovation Forum is held on November 19, 2016 on Queen Mary, Long Beach, California by PlusYoou, a 501c3 nonprofit organization that bridges business resources in China and U.S. market, hosts this annual innovation forum.

This year’s forum themes “Entertainment & Technology” and focuses on four areas that grow fastest and have the greatest potential – virtual reality, intellectual property, short video and influencer marketing. More than 400 participants joined this forum to address the most pressing challenges and to stimulate collaborations that shape future marketplace.

The forum is supported by China’s Consulate General in Los Angeles, City of Long Beach and Mucker Lab. Peter Barack, Venture Partner of Mucker Lab, resembles Los Angeles to Shenzhen in 1990s for they’re both full of opportunity and embracing an exponential growth.

China and U.S. will collaborate not just in terms of capital, but also in a closer and more meaningful way. Toutiao.com, China’s BuzzFeed, who announced its one billion RMB worth of reimbursement for original content creators, looks for collaboration with Los Angeles local such as BuzzFeed Motion Pictures.  In addition, panelists from the VR session all agree that China would be the next surging VR market. And as there are already a lot of crossovers and collaborations in the China-US film industry, the path for this kind of collaboration will be clearer in the future.

PlusYoou is a 501 c3 nonprofit bridging the business resources in China and U.S. Established in 2011, PlusYoou has successfully incubated nine start-ups, served over 100 companies and host 200-ish entrepreneur events. It also built the first Chinese entrepreneur eco-system in SoCal area from zero to one.