[Podcast] Hans Tung on learnings from the Chinese startup ecosystem

#Discussion(Startup) [ via IoTGroup ]

Headings…
[Podcast] Hans Tung on learnings from the Chinese startup ecosystem

On this podcast, Hans shares his journey of witnessing first-hand the three
[Podcast] Deep Kalra on building India’s first consumer internet success –
Related Tags
Trending Now
This Indore girl started up with just Rs 3.5 lakh in 2014. This year, she w
ShareChat got zero revenue from its 60 million users in FY19

WhatsApp says alerted govt of spyware attack in Sept too; IT Min says past
From Rs 1 lakh to Rs 24 Cr: how 4 NIT engineers churned out profit by makin
Latest

Auto extracted Text……

As we continue with the #InsightsPodcast series, on this edition we have with us Hans Tung, Managing Partner at GGV Capital.
Hans, who is a seven-time Forbes Midas Lister and has invested in 15 unicorns over the last decade-and-a-half, leads the US operations of GGV Capital.
On this podcast, Hans shares his journey of witnessing first-hand the three phases of the Chinese startup ecosystem: from PC to mobile phones to high speed internet powered smartphones.
After stints in banking and growth investing, and spending a few years as an entrepreneur, Hans saw the value in moving to China where he could make use of his understanding of both the East and the West.
Recalling his China days, Hans talks about how the time he went to China (mid-2000s) was seen as being either five years too late–as the PC internet era started in 1999 – or five years too early – as the iPhone was yet to be announced.
By working with internet companies across both the PC era (the likes of Baidu and Tencent) and the smartphone era (the likes of Xiaomi), Hans learnt the importance of providing solutions that are cheap in terms of cost but high quality in terms of customer satisfaction and serving the mass market.
Hans Tung, Managing Partner at GGV Capital
This is hard to believe when the country is at an early stage of internet penetration, but, over time, this has been proven true in China over and over again,” Hans explains.
Hans believes that the ‘super app’ concept that originated in China, and now sees adoption across various industry verticals, offers a lot to learn for companies such as Swiggy and Zomato.
Talking about the scale of Chinese startups, Hans shares that transactions reach levels of millions per second, with many successful consumer startups having users in the order of hundreds of million DA

Read More..
AutoTextExtraction by Working BoT using SmartNews 1.0299999999 Build 26 Aug 2019