Xing Liu, partner at Sequoia Capital, right, gestures while he speaks as David Chao, co-founder and general partner of DCM Ventures, listens during the Rise conference in Hong Kong, China, on Tuesday, May 31, 2016. The conference runs through June 2. Photographer: Justin Chin/Bloomberg via Getty Images
{"Image ImageDescription": "Xing Liu, partner at Sequoia Capital, right, gestures while he speaks as David Chao, co-founder and general partner of DCM Ventures, listens during the Rise conference in Hong Kong, China, on Tuesday, May 31, 2016. The conference runs through June 2. Photographer: Justin Chin/Bloomberg via Getty Images", "Image Copyright": "2016 Bloomberg Finance LP"}