With DCM on board, Shen got the benefit of working with DCM partner and Sina.com co-founder Hurst Lin on dealing with operational issues in China.

FORBES: Android App Maker Nabs Funding In Beijing

Shares of Chinese Internet and mobile companies on NASDAQ and the NYSE have drooped, and the last Chinese startup to go public in the U.S. was 8 months ago flash sales operator VIPShop, lead invested in by DCM partner and SINA co-founder Hurst Lin.

FORBES: China's YY Eats Meat To Prep For Going Public on NASDAQ

Penaloza and Joshua Maa of Madhouse are two of the top tech entrepreneurs who will be speaking at our Silicon Dragon Shanghai event, Nov. 7, along with venture capitalists Hurst Lin, Helen Wong, Dick Kramlich, Gary Rieschel and David Yuan plus Silicon Valley Bank chairman Ken Wilcox.

FORBES: China deals, funds still strong despite new reality: ask Ushi, NLVC