Jul 31, 2018
GGV Capital’s Hans Tung and Zara Zhang have a conversation about Xiaomi’s IPO, which took place in Hong Kong on July 9. Hans is one of the early investors in Xiaomi and a former company board member of the company.
Hans recounts the original pitch that Xiaomi’s founder Lei Jun gave him back in 2010, and what made him want to invest in a seemingly “crazy” idea.
We also touched on frequently-asked questions like: Why can Xiaomi be thought of as an “Internet company” instead of a hardware company? Why should people stop comparing Xiaomi to Apple? Was Xiaomi’s IPO valuation justified? What does the “Xiaomi ecosystem” mean?
Join our listeners' community via WeChat/Slack at 996.ggvc.com/community. GGV Capital also produces a biweekly email newsletter in English, also called “996,” which has a roundup of the week’s most important happenings in tech in China. Subscribe at 996.ggvc.com.
We also recommend checking out GGV Capital’s sister podcast, Founder Real Talk. It is a biweekly show that discusses challenges that founders and executives face and how they grow by dealing with them. The show is hosted by Glenn Solomon, managing partner at GGV Capital.
The 996 Podcast is brought to
you by GGV Capital, a multi-stage venture capital firm based in
Silicon Valley, Shanghai, and Beijing. We have been partnering with
leading technology entrepreneurs for the past 18 years from seed to
pre-IPO. With $3.8 billion in capital under management across eight
funds, GGV invests in globally minded entrepreneurs in consumer
internet, e-commerce, frontier tech, and enterprise. GGV has
invested in over 280 companies, with 30 companies valued at over $1
billion. Portfolio companies include Airbnb, Alibaba, Bytedance
(Toutiao), Ctrip, Didi Chuxing, DOMO, Hashicorp, Hellobike, Houzz,
Keep, Musical.ly, Slack, Square, Wish, Xiaohongshu, YY, and others.
Find out more at ggvc.com.