Nov 20, 2019
This episode is co-hosted by Dimitra Taslim. Dimi is on the
investment team at GGV Capital.
In today's episode for Southeast Asia, we have GGV's managing
partners Jenny Lee and Jixun Foo. They shared one thing that
excites them as investors about the region, what we learned from
being an early investor of Grab, the role of China's tech giants
for this fast-growing market, and the implications it has for local
founders. We've been getting a lot of questions about Southeast
Asia. While we believe the talent to build great companies can come
from anywhere, this episode is about Southeast Asia, home to 360
million internet users.
Much has been
written on the growth potential of the region. If you
don't have the time to dig deeper, here're some quick facts. A
third of the population is under 30, 90% of the internet users are
primarily on mobile. They are young, connected, and madly in love
with social media. The average users in China and the US spend 6.5
hours online per day. The average Indonesian and Filipinos are
online for 9 hours per day.
Some say if you missed the China train ten years ago, you could not
miss this one. Others are more skeptical given the different stages
of socio-economic development among various countries in the
region.
As a firm, we have done ten deals in the region. More than half of
that comes in the last 2.5 years. We are an early investor of
Southeast's leading Super App Grab. We reopened our Singapore
office early this year and started spending more time on the
ground. My colleague Dimi, who's also the co-host for this episode,
is from Indonesia and looks at investments in Southeast Asia.
For the full transcript of the show, go
to nextbn.ggvc.com
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