Podcast appearances and mentions of didi chuxing

Jason Radisson was introduced to us as a serial ‘unicorn breeder' that we needed to talk with. Well, yes, he has over 20 years of experience in strategy, operations, and growth with global companies like Uber and Brazil's 99Taxis, but what we were really excited about was his passion for bringing frontline workers digital advancements so that they weren't left behind and left out of the technology revolution that has improved the worklife of desk workers in the last five years. Jason is the founder of Movo, a platform designed to streamline processes for any ‘on their feet' or ‘in the field' workforce member by providing a flexible and better connected work experience. All with the goal to lead to productivity enhancements, employee satisfaction and reduction in turnover. Our conversations balanced lessons learned by Jason as a business builder as well as the ambitions of his latest work through Movo. Here are the highlights of our talk: - Motivation Behind Movo: Jason identified a significant gap in the market for digitizing frontline work, particularly for blue-collar workers who lacked the benefits of automation and connectivity seen in white-collar settings. - Value of Experience: Drawing from personal experiences, Jason stresses the importance of gaining industry experience before venturing into entrepreneurship. He suggests that learning from seasoned professionals can help avoid common pitfalls and accelerate growth. - Team Dynamics: A key aspect of Silicon Valley's success, according to Jason, lies in the team's ability to tackle any problem collectively. He emphasizes the importance of fostering a team culture where members feel empowered to solve challenges effectively. - Knowing the Value of Where You Come From: Jason shared how his humble beginnings led him to value education and seek out more in life. He explained how his drive was enriched by a self-funded education, a Fulbright scholarship, and graduate studies at Harvard. Jason Radisson started his career at McKinsey & Company, where he worked with the Firm's top clients in Spain, Germany, and Latin America on high-profile, M&A, organizational design, and workforce projects. As a Regional General Manager at Uber, he launched and grew cities in the western US. He was then hired to run Brazil's 99Taxis, where as COO he grew the business 10x on $50M in invested capital, and sold it to DiDi Chuxing for $1B, making it the most capital-efficient scale-up recorded by a gig marketplace. He is also a member of the Rappi-Mafia, where he was an early investor and helped the Rappi founders scale their Operations and Growth teams efficiently across Latin America. Today, more than 20 venture-backed CEOs are alumni of his earlier teams. Jason is passionate about using mobile technology and algorithms to empower and uplift the frontline workforce, which he believes is the foundation of the economy and society. He founded Movo to address the challenges and opportunities of digitizing this workforce, which is overlooked and underserved by the horizontal technology incumbents. Connect with Jason: Website: https://movo.co/ LinkedIn: https://www.linkedin.com/in/jason-radisson/ Connect with Allison: Feedspot has named Disruptive CEO Nation as one of the Top 25 CEO Podcasts on the web and it is ranked the number 10 CEO podcast to listen to in 2024! https://podcasts.feedspot.com/ceo_podcasts/ LinkedIn: https://www.linkedin.com/in/allisonsummerschicago/ Website: https://www.disruptiveceonation.com/ Twitter: @DisruptiveCEO #digitalmarketing #branding #socialgood #CEO #startup #startupstory #founder #business #businesspodcast #podcast #FrontlineWorkers #AI #Bootstrapping #GlobalEntrepreneurship #LatinAmericaInsights #RideSharing #EntrepreneurialAdvice #MarketDynamics #HiringAutomation #ProductivityBoost #ExperiencedEntrepreneurs Learn more about your ad choices. Visit megaphone.fm/adchoices

Jason Radisson is the visionary CEO and Founder of Movo, a cutting-edge Human Capital Management (HCM) platform that enhances the hiring, engagement, and retention of frontline workers globally. With over 20 years of experience in strategy, operations, and growth, Jason has successfully scaled multiple tech unicorns that have significantly improved work standards for millions. His journey began with frontline roles, motivating him to use technology to empower those often overlooked by traditional tech advancements. Before Movo, he made notable impacts at McKinsey & Company, Uber, and as COO of 99-Taxis, where he led the company to a monumental sale to Didi Chuxing. A member of the influential Rappi-Mafia, Jason has been pivotal in advancing operations across Latin America. An alumnus of the College of the Holy Cross, Fulbright Scholar, and graduate student at Harvard and Stanford GSB, Jason is multilingual, an avid outdoorsman, and devoted family man, continually driven by a commitment to bettering society through innovative technology and leadership. Movo, is on a mission to redefine the work environments and career trajectories of millions of frontline workers, fostering progress for both employees and the companies that employ them. Their platform addresses the unique challenges of managing large, hybrid, remote, or geographically dispersed workforces through their industry-leading Human Capital Management (HCM) solution. Movo combines an engaging mobile employee experience with cutting-edge, AI-powered features designed specifically for the frontline. Whether you're driven by purpose or eager to make a significant impact, join us at Movo and maximize your human capital. Move to Movo today and be part of transforming the frontline workforce. Meet Movo: https://movo.co/  Watch the Full Interview: https://youtu.be/LHrzmc4fgnw Unlock career success with "Riderflex Guide 2.0: Mastering Job Interviews." Over 30 years of recruitment expertise. Strategies for new graduates, seasoned professionals. Master virtual interviews,  and challenging questions. Get your copy today at: https://tinyurl.com/Mastering-Job-Interviews Listen to real stories from successful business leaders, CEOs, and entrepreneurs on the Riderflex podcast hosted by CEO Steve Urban. The Riderflex Podcast: https://www.youtube.com/channel/UC5NDLaxEqkMsnlYrc5ntAPw Trust Riderflex, a premier headhunter and employment agency based in Colorado, to recruit top talent for your team. Visit https://riderflex.com/ to learn more about our executive recruiting services. Podcast Sponsor: Kura Home Services, Air Duct Cleaning & Home Maintenance. For All your Home Maintenance needs!  https://www.kurahomeservices.com/ #Leadership #Innovation #FrontlineHeroes #MovoMagic #riderflexpodcast #careeradvice #entrepreneur #ColoradoRecruitingFirm #recruiting #National #TalentAcquisition #Employment --- Support this podcast: https://podcasters.spotify.com/pod/show/riderflex/support

Xi Jinping (70) is voor het eerst in jaren weer eens in de VS, om te praten met Joe Biden (80). De wereldleiders werken aan hun probleemrelatie. Een ruzie die ook beleggers aan gaat, vooral die van ASML. Maar zijn de twee écht bereid om de chipoorlog bij te leggen?  Ook gaat het over het asbest van de 21e eeuw, zoals Pfas wordt genoemd. Beleggers roepen chemiebedrijven als Chemours en DuPont op om te stoppen met het produceren ervan. Een serieuze groep beleggers: samen beheren ze zo'n 10.000 miljard dollar aan vermogen. Ook komt vriend van de show Warren Buffett voorbij en je hoort waarom Halloween de grote keten Target aan een giga-koerssprong helpt!See omnystudio.com/listener for privacy information.

Xi Jinping (70) is voor het eerst in jaren weer eens in de VS, om te praten met Joe Biden (80). De wereldleiders werken aan hun probleemrelatie. Een ruzie die ook beleggers aan gaat, vooral die van ASML. Maar zijn de twee écht bereid om de chipoorlog bij te leggen?  Ook gaat het over het asbest van de 21e eeuw, zoals Pfas wordt genoemd. Beleggers roepen chemiebedrijven als Chemours en DuPont op om te stoppen met het produceren ervan. Een serieuze groep beleggers: samen beheren ze zo'n 10.000 miljard dollar aan vermogen. Ook komt vriend van de show Warren Buffett voorbij en je hoort waarom Halloween de grote keten Target aan een giga-koerssprong helpt!See omnystudio.com/listener for privacy information.

Talvez você conheça a 99 como 99 Táxi. Sim, já foi um dia, mas hoje é muito mais que isso. A startup brasileira, que foi comprada pela gigante chinesa DiDi Chuxing, hoje é uma das maiores empresas de tecnologia do Brasil.Para entender toda a estratégia e como a 99 já está mudando a mobilidade no Brasil, recebemos Fernando Pfeiffer, Diretor de Inovação da 99 Tecnologia, para um papo descontraído e cheio de dados importantes para o Brasil.Neste podcast você vai saber mais detalhes da operação da 99 no Brasil, sobre o divisão de inovação DriverLAB, resultados da Aliança pela Mobilidade Sustentável, a experiência de um alto executivo ao volante sentindo na pele o dia-a-dia de um motorista parceiro e, claro, se vale a pena utilizar um carro elétrico para trabalhar.

Fête du printemps : plus de 400 millions de voyages attendus pendant la période de pointe ;Premier bilan de la Covid-19 depuis la levée des restrictions sanitaires : 60 000 décès rapportés en plus d'un mois ;Antony Blinken attendu en Chine ;Didi Chuxing revient aux magasins d'APP ;La Chine devrait connaître une forte reprise en 2023, selon un économiste de Morgan Stanley ;Hausse du volume des fonds étrangers réellement utilisés ;L'Académie africaine des Sciences ouvre son centre chinois à Beijing ;La Chine lancera plus de 200 engins spatiaux en 2023 ;La Chine va rénover 53.000 communautés résidentielles urbaines ;Beijing veut devenir un centre des arts de la scène

Leandro Barankiewicz é Fundador e CEO da Futurum TGP, empresa de Consultoria e Investimentos que desenvolveu os frameworks 3Gs (Grana, Graxa, Gente) e 3Hs (Hipster, Hacker e Hustler), ocupou cargos C-Level dentro da 99 (primeiro unicórnio brasileiro vendido por mais de US$ 1 bilhão para DiDi-Chuxing e SoftBank). Marcus e Leandro conversaram tanto que rendeu 2 blocos de podcast para você empresário aproveitar muito esse conteúdo riquissímo.

Um vídeo viralizou nas redes sociais nesta semana: Luiza Helena, presidente do conselho de administração do Magalu, pediu para que os clientes voltassem às lojas físicas. A empresa está voltando a antigas tradições para se reinventar em um momento difícil -- e a gente te explica tudo sobre isso neste Agora em 10. Aperte o play para conferir! Ainda neste episódio... Termômetro: Quente: Disney tem recorde em faturamento prévio Morno: o resultado da Netflix Frio: Meta, ex-Facebook, é alvo de processo por infração de marca Número da semana: governo chinês está concedendo multa de US$ 1,6 bilhão à Didi Chuxing (dona da 99) --- Os episódios do Agora em 10 estão disponíveis toda sexta-feira, às 11h. A apresentação é de Tainá Freitas, com roteiro de Alberto Cataldi, Tainá Freitas, Sabrina Bezerra, Camila Feiler, Victor Marques e edição de Aerolitos. StartSe, a plataforma da educação do agora. startse.com

UK Prime Minister Boris Johnson survives a confidence vote, but his leadership is rocked after more than 40% of his own MPs vote to remove him from office. Across in China, Didi Chuxing was up almost 25% amid a report Chinese authorities may allow the ride hailing companies app back into domestic app stores. The Australian dollar spikes as the central bank lifts rates by a bigger-than-expected 50 basis points, the largest single rate hike since the start of the century and the first move since 2013. Elon Musk threatens to walk away from his 44 billion dollar deal to buy the social media platform unless the group provides more information on fake accounts.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Os fundos de investimento de risco estão avisando: startups e empresas tradicionais têm que se preparar para um cenário com menos aportes nos próximos dois anos. A Y Combinator, maior aceleradora do Vale do Silício, enviou uma carta de aconselhamento aos fundadores de empresas de seu portfólio; já a Sequoia, investidora de empresas como Nubank, Apple e Airbnb, recomenda que as companhias economizem dinheiro. A investidora já teve um posicionamento semelhante em outros momentos difíceis, como o início da pandemia e a crise de 2008... Neste episódio do podcast Agora em 10, nós discutimos este novo cenário para as startups e como isso já tem impactado no negócio das companhias. Aperte o play para conferir. Ainda neste episódio... Número da semana: venda de carros elétricos dobram em 2021. Termômetro: Quente: Anitta na Fazenda Futuro; Morno: Reconhecimento facial evita prejuízos com fraudes; Frio: Tchau! Após polêmicas, Didi Chuxing deixará bolsa de valores dos EUA --- Os episódios do Agora em 10 estão disponíveis toda sexta-feira, às 11h. A apresentação é de Tainá Freitas, com roteiro de Alberto Cataldi, Tainá Freitas, Sabrina Bezerra, Camila Feiler, Victor Marques e edição de Aerolitos. StartSe, a plataforma da educação do agora. app.startse.com

‘One Shanghai courier uses own 70,000 yuan to buy necessities for people', one Weibo hashtag trended last week. Instead of being seen as a damning indictment on what the state's strict lockdown has induced people to do, the courier was lauded as a community hero and the story promoted by the censored platform. These kuaidi xiaoge (‘delivery bros') are most likely gig economy workers. The industry was already an integral part to the Chinese urbanite's life before the pandemic, but Covid has consolidated that role, as low-paid and hardworking gig economy drivers literally became critical to the survival of millions. The Chinese gig economy is in many ways more advanced. The services are more extensive (grocery shopping and even designated drivers – a stranger to drive your car home on drinking nights – have been the norm for years) and the algorithms are more ruthless (closely monitoring and continuously shaving off delivery times. ‘The pandemic really brought the plight of these workers into the mainstream consciousness for the first time', Viola Rothschild, my guest on this episode, tells me. She is a PhD candidate at Dukes University, and one of the few people – academics and journalists alike – who have looked into the Chinese gig economy. I've known Viola for years – we first met when we read for a masters in contemporary Chinese studies together. On the episode, we discuss what working conditions are like (she recommends this article), the interactions between the state and the private sector (the largest players in the field are Alibaba and Didi Chuxing, both companies that have been penalised by the Chinese government in recent years), and what the pandemic – and particularly the Shanghai lockdown – has done to workers. We discuss the government's efforts to improve working environments, but Viola tells me: ‘What workers get through unionisation is really about what the state wants to give them, if their goals align with the state's at any given time in terms of pressuring these companies. This is especially thrown into clear relief when we see how the state treats workers who try to organise outside of this apparatus' By that, Viola is referring to the kuaidi xiaoge who've been arrested for organising their own unions – it's still deeply ironic that the most successful purportedly Marxist state in the world today is deeply suspicious of workers creating their own unions. But fundamentally, as I push back at Viola, the problem is not only the private companies or the communist state, but also the consumers who demand faster and cheaper services. In that, ‘I think that the Chinese gig economy has a tonne in common with its American and British, and worldwide, counterparts', Viola says. I totally agree. 

‘One Shanghai courier uses own 70,000 yuan to buy necessities for people', one Weibo hashtag trended last week. Instead of being seen as a damning indictment on what the state's strict lockdown has induced people to do, the courier was lauded as a community hero and the story promoted by the censored platform. These kuaidi xiaoge (‘delivery bros') are most likely gig economy workers. The industry was already an integral part to the Chinese urbanite's life before the pandemic, but Covid has consolidated that role, as low-paid and hardworking gig economy drivers literally became critical to the survival of millions. The Chinese gig economy is in many ways more advanced. The services are more extensive (grocery shopping and even designated drivers – a stranger to drive your car home on drinking nights – have been the norm for years) and the algorithms are more ruthless (closely monitoring and continuously shaving off delivery times. ‘The pandemic really brought the plight of these workers into the mainstream consciousness for the first time', Viola Rothschild, my guest on this episode, tells me. She is a PhD candidate at Duke University, and one of the few people – academics and journalists alike – who have looked into the Chinese gig economy. I've known Viola for years – we first met when we read for a masters in contemporary Chinese studies together. On the episode, we discuss what working conditions are like (she recommends this article), the interactions between the state and the private sector (the largest players in the field are Alibaba and Didi Chuxing, both companies that have been penalised by the Chinese government in recent years), and what the pandemic – and particularly the Shanghai lockdown – has done to workers. We discuss the government's efforts to improve working environments, but Viola tells me: ‘What workers get through unionisation is really about what the state wants to give them, if their goals align with the state's at any given time in terms of pressuring these companies. This is especially thrown into clear relief when we see how the state treats workers who try to organise outside of this apparatus' By that, Viola is referring to the kuaidi xiaoge who've been arrested for organising their own unions – it's still deeply ironic that the most successful purportedly Marxist state in the world today is deeply suspicious of workers creating their own unions. But fundamentally, as I push back at Viola, the problem is not only the private companies or the communist state, but also the consumers who demand faster and cheaper services. In that, ‘I think that the Chinese gig economy has a tonne in common with its American and British, and worldwide, counterparts', Viola says. I totally agree. 

A pair of Republican lawmakers wrote a letter to the Departments of State and Defense warning of the risk posed by the Chinese ride-hailing giant Didi Chuxing over its links to the Chinese Communist Party (CCP). https://ept.ms/3wTSb65 Senators, prohibit, military personnel use, CCP-Linked, Ride-Hailing Platform, Didi, Departments of State and Defense, Chinese Communist Party (CCP), security concerns, collect, personal information, sensitive geo-location data , Beijing's intelligence and security services,

Michelle Martin and Ryan Huang's daily round-up of the markets covers Jerome Powell's pivot from the "transitory" tag and Grab's upcoming listing on the Nasdaq on Thursday, Keppel Reit's update on SPH and a snapshot of companies to watch: Didi Chuxing, Salesforce and Manulife US Reit. See omnystudio.com/listener for privacy information.

Dax in Lauerstellung vor der EZB-Sitzung.Langes Wochenende in den USA, die Märkte dort bleiben heute wegen des Labour Day geschlossen. Damit bleibt ein Tag mehr, um die schwachen Arbeitsmarktdaten vom Freitag zu verarbeiten. Unabhängig davon zeigt die Woche nach dem Feiertag eine Besonderheit im historischen Vergleich. Mehr zu all dem in der heutigen Ausgabe von Sophie Schimansky aus New York. Außerdem ein Blick auf die wichtigsten Termine in den nächsten Tagen.Dazu gehört auch die Zinssitzung der EZB am kommenden Donnerstag. Die könnte für Schwung im Dax sorgen, der bald ja auch deutlich breiter wird. Auf die Newcomer im Leitindex wird Annette Weisbach eingehen, unsere Börsenreporterin in Frankfurt.Darüber hinaus wird Boeing besprochen. Es gibt erneut schlechte Nachrichten für das US-Luftfahrtunternehmen. Die Aktie ist diesmal die vom chinesischen Fahrdienstleister Didi Chuxing. Nachdem da der Staat erst heftig Druck gemacht hat, will er jetzt investiert sein. See acast.com/privacy for privacy and opt-out information.

Adhemar Milani Neto is the Founder and CEO of Kovi, a company that enables a more efficient, all-inclusive, and flexible car rental for on-demand drivers in LATAM. They have pioneered an asset-light model in the car rental industry that generates more value both to their partners and suppliers. Kovi is backed by leading global investors such as Valor Capital Group, Monashees, GFC, ONEVC, Maya Capital, YCombinator, Shift and has raised more than $160M to date. Previously, Adhemar was a general manager at 99 (acquired by Didi Chuxing), a strategy consultant at Bain & Company, and worked at International Paper and BOSCH. He's passionate about purpose-driven entrepreneurship and serves as an advisor to several early-stage companies. Adhemar is also married to Natasha and together they have a dog called Simba. In my conversation with Adhemar we discussed his childhood, his experience working at traditional companies, social media and more. Here are some of the questions I asked Adhemar during our conversation: Let's go back to your childhood. When you were 12 years old, you were living in the U.S. because of your father's work. How do you think this experience of living abroad at such an early age shaped your personality? Technology was part of your career when you finished engineering in college. After graduating, you went to work for BOSCH and International Paper. What made you think this was the type of job that you wanted when you were right out of school? You are not really active on social media like Instagram or Twitter. Is there a reason for that? After working at some traditional companies, you decided to go to business school. This is a very traditional path that is not usually taken by founders. What was behind the decision to go back to studying? At the time, you won the INSEAD Entrepreneurship Bootcamp and Venture Competition with an asset optimization idea: OptiTruck. Eventually, you saw that CargoX was growing in Brazil, and gave up the idea. What did you learn about startups and fundraising with OptiTruck? After coming back from your MBA in INSEAD, you went on vacation in Southern France and decided to join Bain & Company. I'm always very curious to understand why people choose consulting or banking. What was the thinking behind joining a consulting company? What have you learned from Chinese culture? How was it to work at 99 in the two different periods of the company's history, pre Didi Chuxing and post Didi Chuxing acquisition? You mentioned the massive opportunities within Kovi's market. When we think about it, there is financing, access, car ownership, and many others. Regarding opportunities, what are your thoughts on electrification and car subscription? We live in a world of very high levels of convenience. What do you think would be the perfect car subscription for someone to feel like their rental is their own car? Another topic that I wanted to talk about is your relationship with meditation and spirituality. What type of mindful practice do you keep and how do these things impact your life in general? Do you have a specific morning routine or just a few things that you have to do every day in the morning for your day to start right? I hope you liked this episode! Make sure to subscribe to the podcast on Spotify and leave us feedback. I'm curious to find out what you learned the most from this episode. If you want to stay in touch, you can follow me on Twitter and Instagram @pedrosorren. Also, you can subscribe to my newsletter and read my essays on pedrosorren.com.

A version of this essay was published by swarajya magazine at https://swarajyamag.com/technology/has-apple-peakedApple CEO Tim Cook recently celebrated 10 years at its helm. It is the most valuable company in history, at about $2.5 trillion -- an unimaginably stratospheric number -- and Cook has steered it to its massive valuation. That is a surprise to many who thought Cook, basically an operations man, would never be able to fill the shoes of the flamboyant and dashing Steve Jobs. Cook has indeed done a remarkable job of steering Apple. But what next? The last real innovation Apple produced is the iPhone, and that was a while ago: 2007, to be precise. It is still a huge money-spinner, but where exactly has Apple innovated since then, except in minor, supporting products like the Apple Watch and the Apple Airpods? There is an interesting claim by management theorist Simon Sinek that what distinguishes Apple is the ‘why?’ question. Why does Apple exist? Well, in Steve Jobs’ terminology, it was to make “insanely great products”. As Sinek would say, “Want to buy one?”. Jobs saw a lot of wonderful new technologies at Xerox PARC and intuitively understood how these were transformative, and so he adapted them. In stark contrast, other technology companies have mundane goals: profit margins, market penetration, etc. But that differentiation -- design excellence -- may well have walked out the door with the exits of Steve Jobs and Jonathan Ive, the chief designer. And brilliant design doesn’t always succeed, unless you are able to respond to the unarticulated needs of the people who will buy the products (which is the gospel of the discipline of ‘design thinking’, which, confusingly, is not about design per se but about solving problems the way a designer would).Apple did have its share of fiascos: for instance the hand-held computer (personal digital assistant) named the Newton. Its demise almost brought the company down, and led to the exit of Jobs. On the other hand, the original Macintosh was a thing of beauty, and it was vastly superior to the competition. But my question remains, where is the innovation today? I hear there’s an Apple Car coming, or Apple Glasses, but they are not really “wow!”. Apple always shows up at the top of the list of innovative companies, but that is mostly resting on its laurels.I must make a disclaimer: I have a love-hate relationship with Apple. The very first computer that I personally owned was a Macintosh Plus that I bought for a princely sum even though I got a university student discount. It was the obvious choice at the time: along with a dot-matrix printer it enabled me to produce presentable reports, graphs and term papers. The alternative on offer was DOS-based PCs, which, although they had Lotus 1-2-3, were distinctly user-unfriendly and far less appealing. Source: Macintosh Plus, Photo by Thomas Millot on UnsplashThat Mac lasted me a long time: robust, rugged and reliable, in an all-in-one, portable chassis. Later, while working in Silicon Valley, I bought my second Mac, a Macintosh 2. This was a more conventional device with a separate monitor and CPU box. I bought it at a sale when the company Go went under: it was developing an OS for handheld devices, but it ran out of runway. To be honest, I didn’t like that Mac as much as the earlier one. But the real surprise came when I decided I needed a laptop a few years later. I found out that Windows-based laptops had come a long way, and I could buy one for roughly $1000, which was significantly less than Apple’s laptops were going for. So I bought a Toshiba; I have never bought an Apple laptop, although I had one from work a few years ago. It was nice, but for an office worker, and not a media creator, it was not more appealing than a Windows laptop. These days I am happy with my Chromebook, using a Windows machine only to run specialized applications, or some like Audacity that don’t run on the Chromebook. That sticker shock was the turning point for me. Maybe I was wrong in turning down a better put-together product than the average Windows laptop, but I was not willing to pay a premium for a consumer item. I may have been wrong, because my average Windows laptop has had a lifetime of only 3-4 years while the Macs, I hear, do not get obsolescent so quickly. I hear this about iPhones vs. Android phones too. I didn’t realize it then, but the issue I was up against was Apple’s business model of detailed control over everything. That makes the Apple ecosystem both attractive and forbidding. On the one hand, if you are willing to cede control to Apple, then you have a smooth and pleasant experience. This is what has created legions of Apple fanboyz, who are totally happy with the walled garden, and have no wish to exit. Oddly enough, Apple has become the Big Brother (albeit more benign) that it lampooned in the famous 1984 ad. There is a nice contrast between Apple’s highly integrated model (which incidentally ensures fat margins) and the Wintel model. I would certainly not call Wintel an ‘open’ system, because it was zealously controlled by Microsoft and Intel, but it was (is?) a disintegrated model, because although the principals held the IP tightly and extracted monopoly rents, there were opportunities for third parties to exist, and even thrive, where the two were not present. And they were not ubiquitous, unlike Apple in its own stack. Source: Strategicmanagementinsight.comWhich is the better model? There is no straight answer. Today Apple’s model is incredibly successful. Earlier the Wintel model was incredibly successful too. One of the concerns about Apple going forward is that it may have reached the end of this business model. They are trying to reinvent themselves as a services+product firm, but we will have to wait and see. There are several other issues. The first is, simply, size. It’s hard to sell more iPhones than there are people in a country, I suppose, even if they can afford them and want them. So Apple as a matter of basic economics will slow down, and its juicy profit margins will erode. In fact, I am rather amazed that there aren’t passable Chinese clones of Apple products. Maybe it’s the deterrent effect of Apple’s fearsome lawyers.Or maybe it is the symbiotic relationship between Apple and China. There is the famous story (it may be apocryphal) that the iPhone originally had a plastic screen, but Jobs found it scratched up easily, so at a late stage he insisted on a glass screen. The story goes that the only place where they could quickly ramp up and find enough people to cut and process the glass was in the factories of Apple’s Chinese partners. Source: Photo by David Švihovec on UnsplashSo the supply chain relationship between Apple and Chinese OEM’s has been good for both. I’m not sure if this will be feasible going forward, as there is a general intent on the part of the US to decouple from China (although this is opposed by both Big Tech and Wall Street). So this happy state of affairs in supply chain management is under threat, which may either increase Apple’s costs, or end up in Chinese erecting barriers to market access, or both.There are some clues in China’s recent clampdown on its own ‘high-tech’ companies like Alibaba, Didi Chuxing, etc. that China views these mostly e-commerce entities with disdain, preferring to direct investment towards the harder technologies such as, perhaps, quantum computing, biotechnology, energy, etc. They may well be right. Apple has more tangible products than Microsoft, Alphabet, Facebook, et al; still, when they all announced record earnings in July, investors were a little sceptical about future prospects.My feeling is that these Big Tech firms are sort of moving the deck chairs around on the Titanic. Their core businesses are plateauing, and they will have to enter into each others’ areas to sustain their growth; thus Apple is rumored to be building its own search engine (though it gets some $10 billion dollars from Google to be the search engine of choice on iPhones) and even an advertising platform. But the problem is that they are all following a model of advertising-led revenue (although Apple protests that they do not sell, or have to sell, their users’ data, I suspect they will not let go of user data that easily) or what is known as ‘surveillance capitalism’. This is already raising hackles among consumers as well as regulators concerned about monopolies, which these Big Tech firms do have in their niches.There is an increasing trend towards anonymity or even pseudonymity, and I suspect a business model will emerge where users keep their data to themselves, or demand payment for it. That may put a major crimp on their businesses, that is if the regulators don’t get to them first. There have been record fines imposed by the European Union, Russia, etc on these Big Tech companies, and the US competition authorities may weigh in as well.Whatever goes up will come down. We just don’t know when that will happen. It is certain that Apple will fade, as other champions have, for instance IBM or Toshiba. The question is when. My belief is that the best days are behind Apple, but I have been wrong before, so don’t count them out. The structural and environmental changes we see now argue that Apple is past its best days. 1600 words, Aug 30. 2021 This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit rajeevsrinivasan.substack.com

A version of this essay is published by swarajya.com at https://swarajyamag.com/world/chinas-clampdown-on-national-technology-champions-xis-new-industrial-statism-triumphalist-hubris-and-art-of-ju-jitsu The world has been baffled by China’s sudden clampdown on its very successful, and giant, companies such as e-payments company Ant Financial, ride-hailing firm Didi Chuxing, food-delivery firm Meituan, and several online education firms. Given the opacity of the Chinese communist party, commentators can only imagine what the reasons might be. Writing in Nikkei Asia, Richard McGregor suggested that “Xi’s tech crackdown preserves socialism with Chinese characteristics”. On the website unherd.com, Marshall Auerback suggested that “The West can learn from China”. The Economist’s current cover story is titled, “China’s attack on tech”. There is a plethora of other views on the topic, and it is worth exploring why this happened, and what we might take away, especially from an Indian point of view.It seems to me that there are at least three plausible scenarios, and any of them may be in play, and maybe all three at once:Industrial policy, directing where investment and funding will goTriumphalist hubris, because of how successful China has been latelyA cosmic form of ju-jitsu, using the very strengths of the West against itIndustrial policyIt may well be that China has decided (as in the Made in China 2025 plan) that there are certain technologies that have an outsize impact on the future, and they have decided to focus their attention therein. For example, Quantum Computing, Biotechnology, Materials Science, along with specific applications of AI and Machine Learning (a recent report suggests that China has overtaken the US in the citations of their papers in AI).Such a direction would not be particularly surprising. A much-cited article by C K Prahalad (“The Core Competence of the Corporation”, Harvard Business Review, 1990) made a comparison between GTE and NEC, and concluded that the latter handily defeated the former by concentrating on the crucial technology of the then-future, semiconductors. Others, for instance Scott Adams (cartoonists often have surprisingly sage perspectives), have suggested that China’s management model is engineering-driven and is thus focused, ruthless and unaffected by the legal hair-splitting that bedevils many other countries, including India. Thus, industrial policy could well be a sensible way of dealing with the uncertainties of the future. Japan’s MITI tried to guide industry in the 1980s and 1990s with mixed results, but China’s mandarins may well believe they have a better handle on reading the tea leaves. There is the other side of the picture, which is quite relevant to India as well. What is considered the ‘tech industry’ in the US these days consists of a number of behemoths in what is loosely referred to as Silicon Valley, although several of them, such as Microsoft and Amazon are actually in Seattle. The usual suspects include, apart from the above, Google parent Alphabet, Facebook and Apple. In a sense, the Chinese are asking a very good question: what exactly is high-tech about these companies? It is true that they are extremely successful financially, in fact spewing out oodles of cash, and some are valued in trillions of dollars, but exactly what is their innovation? Take Apple, for instance. Yes, it is true that the iPhone, which debuted a decade ago, was revolutionary, but what have they designed lately? Not to be dismissive, but Facebook and Google do ‘surveillance capitalism’, basically selling their users to advertisers. Amazon and Microsoft are soaring on the basis of their cloud-computing infrastructure. But one could argue that they are merely milking their innovations of a decade ago, and don’t have much of a recent product line that creates a ‘moat’ for them, or in MBA-speak, a ‘blue ocean’. The same question can be asked of India’s lionized unicorns, of which here is a partial list as per the Economic Times a few days ago. Exactly what earth-shaking and life-changing innovations do they bring to the table? Yes, if they have managed to build big, loyal customer bases, sure, that can be of value. But just copying and indigenizing business models successful elsewhere is not exactly setting the stage for world-beating companies.To put it bluntly, the Chinese may be calculating that Silicon Valley’s best brains are now engaged in minutely tweaking algorithms to capture the attention span of customers, and are not thinking of solving the world’s problems. For instance, Silicon Valley engineers have been notably less than successful in addressing climate change or even the Wuhanvirus/Covid-19 pandemic. The Chinese may have a point, and India’s policy makers should take note. There has long been disquiet about India’s very successful IT services companies based on the fact that they have, nevertheless, left little by way of a technology legacy the way early Silicon Valley pioneers such as Hewlett Packard and Fairchild Semiconductor did. Triumphalist hubrisChina has good reason to believe they have won. They have, for all practical purposes, created a new world order dominated by them. Just think of what they have done lately in terms of riding roughshod over the world. Nobody would dare to demand reparations from them for what could be construed as the crime against humanity of 4 million dead from the virus that arose in their country (and could well be something they designed in a lab). Similarly, they have captured the South China Sea, used their debt-trap diplomacy to extort their way to strategic assets, and cavalierly sent up rockets that might fall on anybody’s head. One could also make a cogent argument that they were able to harness their media and social media assets to defenestrate an American president they didn’t like. Not to mention the pandemic narrative that, for long, completely exonerated them from any blame. I wouldn’t blame them for quietly celebrating a little, or for believing they have cracked the puzzle of how to, if not make friends, at least influence people and get them to do anything they want. In this context, they have also infiltrated institution after institution, insinuated their cadres into positions where they could capture data or inventions from others, often illegally.Maybe they believe that they know so much about us that they, in effect, have incriminating evidence on us that they can use to intimidate us into doing their bidding. One example is the big super-apps from China: Tencent and Ant Financial, which have evolved into efficient ways of vacuuming up data from and about consumers. Unlike the American model of stand-alone apps that know a great deal about individuals, the super-apps offer a walled garden that has everything from payment to mutual funds to loans to travel agencies. These apps know so much about Chinese people that the government, using it,  is able to create the infamous social credit score for all residents. There have been overseas ventures as well. It is rumored that Chinese-branded smartphones and surveillance cameras may well be capturing and transmitting data to their servers back home. There is also the story of the African Union, whose building was constructed by China. It is said that every day at 5pm, all the confidential conversations in the building were transmitted back to China.There is also the sinister story of the Chinese gene company BGI group. According to a Reuter’s story (“China’s gene giant harvests data from millions of pregnant women”) their prenatal tests were “developed in collaboration with the country’s military” and they are using them to “collect data from millions of women for sweeping research on the traits of populations”. Perfect information, one could imagine, for well-targeted biological weapons.It may well be that the Chinese have decided they know enough from snooping; they don’t really need the super-apps any more, and so they are cut loose. In their triumphalist fantasies, there is nothing that prevents them from reclaiming their (mythical) ‘Middle Kingdom’ status, the center of the Universe.The art of ju-jitsuThe very strengths of the West are being deployed against it by the Chinese, who also believe that their model of “capitalism with Chinese characteristics” ie. the private sector is ultimately subservient to the State, is the right model for the rest of the world, rather than the buccaneer capitalism exemplified by the US. That anyway is CCP dogma, and it appears that they are proving it too.Consider the (erstwhile strengths of the West, especially the US, that China has usurped:Manufacturing: hollowed out, and China owns the supply chain nowInnovation and R&D: now confined to tweaking social media applications. China also sends it bright students to learn at the best US universities and then bring the knowledge back home with themEducation: while ‘woke’ dogma and the cancel culture are dumbing-down US students, China is deprecating its own online education companies because it doesn’t want rote learning and exam hell, but problem-solving skills and creativity/innovation in its children and college students. Finance: Wall Street has been able to crush competitors in the past (for instance, they did something to Japan, I am not sure exactly what, to bring its meteoric rise to a halt), but now they are hand in glove with China. The Wall Street Journal wrote a year ago that “China has one powerful friend left in the US: Wall Street”Marketing: the narrative building that China does is world-class, and it has bought its way into media (for instance, it is alleged by nationalinterest.com that the WSJ got $6 million and the Washington Post $4.6 million from China). The obvious biases in social media and in mainstream media (apparently including science and medicine journals The Lancet and Nature) support this perspectiveCapitalism: Investors have made much money in the tech runup in the US, but they also lost a lot when China decided to make a policy change. According to the WSJ, “Investors lost hundreds of billions in July”, which means that the very ideas of capitalism are being deprecated in plain sight by China.A case can be made that it is not any longer a single point attack by China, but “unrestricted warfare” as in the infamous book by two Chinese colonels. They are single-mindedly on the warpath, and they intend to do anything, I mean anything, to win. The skirmish over the technology companies should be seen in that light. From an Indian point of view, it would be foolish to surmise that China has actually won: the much better lesson would be to take the good part of their industrial policy and to figure out how India can leverage the exodus of investors and funds from Chinese firms to create long-term competitive advantage. 1600 words, 13 Aug 2021 This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit rajeevsrinivasan.substack.com

Featured interview: Implications of the Chinese government's crackdown on Didi Chuxing and its stock price decrease on the NYSE-중국 당국의 단속 강화로 인한 중국판 우버 디디추싱의 뉴욕증시 주가 하락이 갖는 의미 논의Guest: Professor Winston Ma, School of Law, New York University, Author of The Digital War – How China's Tech Power Shapes the Future of AI, Blockchain and CyberspaceSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

China Perspective Ep 4: Will Beijing’s plans to return Communist Party to revolutionary roots backfire? 8:37 mins Synopsis: Every week, The Straits Times analyses the latest developments in China. The Straits Times' China bureau chief Tan Dawn Wei chats with Money FM 89.3's Elliott Danker about the following points: How Chinese President Xi Jinping's plans to bring CCP back to its revolutionary roots (1:26) The removal of Didi Chuxing on app stores by China’s cyberspace regulator (4:20) Questions over the efficiency of Chinese made vaccines jeopardising the soft-power win for Beijing (6:20) Produced by: The Breakfast Huddle, Money FM 89.3, Ernest Luis & Aleemah Basirah Edited by: Dan Koh Subscribe to our Asian Insider Podcast channel to follow our various shows each week and rate us on your favourite audio apps: Channel: https://str.sg/JWa7 Apple Podcasts: https://str.sg/JWa8 Google Podcasts: https://str.sg/Ju4h Spotify: https://str.sg/JWaX Website: http://str.sg/stpodcasts Feedback to: podcast@sph.com.sg Read Tan Dawn Wei's stories: https://www.straitstimes.com/authors/tan-dawn-wei Asian Insider newsletter: https://www.straitstimes.com/tags/asian-insider Discover Asian Insider videos: https://youtube.com/playlist?list=PLnK3VE4BKduMSOntUoS6ALNp21jMmgfBX --- Discover more ST podcast series: Green Pulse Podcast: https://str.sg/JWaf Health Check Podcast: https://str.sg/JWaN ST Sports Talk Podcast: https://str.sg/JWRE Life Weekend Picks Podcast: https://str.sg/JWa2 #PopVultures Podcast: https://str.sg/JWad Bookmark This! Podcast: https://str.sg/JWas Lunch With Sumiko Podcast: https://str.sg/J6hQ Discover BT Podcasts: http://bt.sg/podcasts Follow our shows then, if you like short, practical podcasts!See omnystudio.com/listener for privacy information.

VCs Entering the Thunderdome: McKeever (Mac) Conwell, II @Rarebreed Ventures Cassandra Carothers, @Upheaval Investments Charlie Lass, @Dallas Ventures Chris Douvos, @AHOY Capital + Top IPOs: WeWork (Shaq SPAC), Deliveroo, DiDi Chuxing & Endeavor (UFC Owner) + Companies to Benefit from Biden's New Jobs Deal: + Thousand Fell Recycled Shoes ~Wave of Sense #autonomousvehicles​ ~Stable ~Elroy Air ~Verdi ~rENIAS + Future Unicorns from Y Combinator's Demo Day: ~MindPortal ~The Calico Group ~FlexTalk.org ~Pickle (pickleai.com) ~Remora ~flux + Buy or Sell UiPath will live up to its $35b Valuation? + Hot EFT's ARK Investment Management LLC will debut its latest fund a Space Exploration ETF - What exactly is an ETF & what are the most exciting? + Prediction's for VC funding in women-led startups in 2021 + The investment misses that keep us up at night Start Investing Alongside us with the M1 Finance App!! Use our link so that we can keep bringing you premium investing content: http://bit.ly/M1FinancePrimeTimeVC​​​Our Gains will go to the non-profit Girls Who Code Connect w/ our Partners!! Kyle Gross & Robert Hughes III - First Republic Bank VC & StartUp Banking M1 Finance The Finance Super App! http://bit.ly/M1FinancePrimeTimeVC​​​Kyle Eddins @E2Generations Software Solutions Tyler Kelly @PitchPages.io Pitch Decks for the New Generation of Startups https://pitchpages.io/​​​​Matthew R. Kittay #1 VC Attorney Fox Rothschild LLP Brex creditcard Sign Up Here: https://lnkd.in/d8RJ2Vr​​​​Carl Eppers HR Support TriNet --- Send in a voice message: https://podcasters.spotify.com/pod/show/primetimevc/message

Peng is the Co-Founder and Managing Partner at Monk's Hill Ventures, a venture capital firm investing in early-stage tech companies, primarily Series A, in Southeast Asia. Peng is an industry veteran with over 25 years of experience as an entrepreneur, founder, and investor in Silicon Valley and in Asia. He is based in Indonesia and is a board member of Glints, ELSA, Finaxar, and Intelligent Video Solutions.Prior to Monk's Hill Ventures, he was a Venture Partner at GSR Ventures in China. The firm is known for its successful investments in companies like Didi Chuxing and Qunar. As an entrepreneur, he co-founded a series of successful companies including Electric Classifieds (today known as Match.com), Interwoven and Encentuate, which combined today generate over USD$1 billion in revenues annually.Peng is currently the Chairman of SolveEducation! and serves as a board member of the International Advisory Board for the University of Texas at Austin and SEA Founders.Peng earned a B.S. in Electrical Engineering from the University of Texas and an M.S. in Computer Science from the University of Illinois.Key TakeawaysWhy the best investment Peng has made is being an entrepreneur and how that helped him as an investorWhat is first principles thinking and how founders must use the framework while building startupsWhat questions should you as a founder ask a VC while pitching to themWhat stage a startup must be in terms of product, distribution, and team to successfully raise a Series A roundHow Monk's Hill Ventures support their portfolio companies in scaling their businessesImportance of Board of directors in the success of a startupStrategies startups use while expanding their business to different countries in Southeast AsiaWhy artificial intelligence and bioengineering are the most important technologies for the future of mankind

"Queremos ser o maior aplicativo de conveniência", é o que nos contou Pamela Vaiano, diretora sênior de comunicação na 99. De startup e primeiro unicórnio* brasileiro, sendo adquirida pela chinesa DiDi Chuxing, a empresa já tem três frentes de atuação no Brasil: mobilidade, entrega de comida e carteira digital. Só em 2020, seis produtos novos foram lançados. E tudo isso sob o propósito de democratizar a mobilidade e o acesso a meios de pagamento. Pâmela falou também sobre as iniciativas desde o início da pandemia para apoiar governos, motoristas, passageiros e toda comunidade. E foi no meio dessa pandemia que ela ainda retornou de sua licença maternidade. Confira. Vale cada segundo.

In this episode, GGV Capital's Hans Tung and Rita Yang interviewed Renee Wang (王小雨), the founder and CEO of CastBox, a global podcast platform often referred to as the "Netflix for podcasting". It uses natural language processing and machine learning to power unique features like personalized recommendations and in-audio search. According to a report from Sensor tower in April 2019, Castbox is now the biggest 3rd-party pure-play podcast app.   Before launching CastBox in 2016, Renee worked for Google in China, Japan, and Ireland. She holds a bachelor's degree in Peking University in psychology and mathematical statistics. While in college, she taught herself coding and became one of the earliest Android developers in China.    On the show, Renee discussed user acquisition in international markets with a cross-cultural team, integrating Chinese social app features into its global podcasting platform, the landscape of consumer-facing audio apps in China and her strategic decision for not entering the Chinese market. She also shared her journey of landing a job at Google without speaking a word of English, selling her apartment in Beijing to fund her startup and leading a diverse team spread across the US and China.   Join our listeners' community via WeChat/Slack at 996.ggvc.com/community.  The 996 Podcast is brought to you by GGV Capital, a global venture capital firm that invests in local founders. As a multi-stage, sector-focused firm, GGV focuses on seed-to-growth stage investments across Consumer/New Retail, Social/Digital & Internet, Enterprise/Cloud and Frontier Tech sectors. The firm was founded in 2000 and manages $6.2 billion in capital across 13 funds. Past and present portfolio companies include Affirm, Airbnb, Alibaba, Bitsight, ByteDance, Ctrip, Didi Chuxing, Grab, Gladly, Hello Chuxing, HashiCorp, Houzz, Keep, LingoChamp, Namely, Niu, Nozomi Networks, Opendoor, Peloton, Poshmark, Slack, Square, Wish, Xauto, Xiaohongshu, Yellow, YY, Zhaoyou and more. The firm has offices in Beijing, San Francisco, Shanghai and Silicon Valley. Learn more at ggvc.com, or “GGVCapital” on WeChat.

On this episode, we interviewed Brian Gu (顾宏地), the vice chairman and president of XPENG Motors, also known as Xiaopeng Motors, a Chinese electric vehicle company and a GGV portfolio company. The company designs and manufactures what it calls "Internet cars" which has AI technology integrated into the vehicles. Prior to joining XPENG Motors in March 2018, Brian was the Chairman of Asia Pacific Investment Banking at J.P. Morgan. He holds an MBA from Yale University, a Ph.D. in Biochemistry from the University of Washington Medical School and a bachelor's degree in Chemistry from the University of Oregon. At XPENG, Brian leads the company's global strategy, finance, fundraising, investments and international partnerships. Brian discussed his journey from an investment banker to a tech company executive, why China's EV market excites him, and how XPENG differentiates itself from its competitors. This episode also features a bonus interview with GGV Managing Partner, Jixun Foo, on why we invested in XPENG Motors. Join our listeners' community via WeChat/Slack at 996.ggvc.com/community. The 996 Podcast is brought to you by GGV Capital, a global venture capital firm that invests in local founders. As a multi-stage, sector-focused firm, GGV focuses on seed-to-growth stage investments across Consumer/New Retail, Social/Digital & Internet, Enterprise/Cloud and Frontier Tech sectors. The firm was founded in 2000 and manages $6.2 billion in capital across 13 funds. Past and present portfolio companies include Affirm, Airbnb, Alibaba, Bitsight, ByteDance, Ctrip, Didi Chuxing, Grab, Gladly, Hello Chuxing, HashiCorp, Houzz, Keep, LingoChamp, Namely, Niu, Nozomi Networks, Opendoor, Peloton, Poshmark, Slack, Square, Wish, Xauto, Xiaohongshu, Yellow, YY, Zhaoyou and more. The firm has offices in Beijing, San Francisco, Shanghai and Silicon Valley. Learn more at http://ggvc.com/, or "GGVCapital" on WeChat.

On a special "AMA" (Ask Me Anything) episode, GGV Managing Partner Hans Tung answers questions posed by our listeners on a wide range of topics. How did Hans break into the VC world? What made he move to China and then come back to Silicon Valley afterwards? How does he deal with failures as an investor? What does it take for non-Chinese entrepreneurs to succeed in China? What motivates him to wake up and work hard every day? Join our listeners' community via WeChat/Slack at 996.ggvc.com/community. The 996 Podcast is brought to you by GGV Capital, a global venture capital firm that invests in local founders. As a multi-stage, sector-focused firm, GGV focuses on seed-to-growth stage investments across Consumer/New Retail, Social/Digital & Internet, Enterprise/Cloud and Frontier Tech sectors. The firm was founded in 2000 and manages $6.2 billion in capital across 13 funds. Past and present portfolio companies include Affirm, Airbnb, Alibaba, Bitsight, ByteDance, Ctrip, Didi Chuxing, Grab, Gladly, Hello Chuxing, HashiCorp, Houzz, Keep, LingoChamp, Namely, Niu, Nozomi Networks, Opendoor, Peloton, Poshmark, Slack, Square, Wish, Xauto, Xiaohongshu, Yellow, YY, Zhaoyou and more. The firm has offices in Beijing, San Francisco, Shanghai and Silicon Valley. Learn more at ggvc.com, or "GGVCapital" on WeChat.

We interviewed Hao Wu, a Chinese American film director, producer and writer to discuss his recent work "People's Republic of Desire", a documentary about the live streaming industry in China. Originally trained as a molecular biologist, Hao worked in tech before becoming a full-time filmmaker. He held various management positions at technology companies including Excite@Home, Yahoo China and Alibaba. From 2008-2011, he was the China Country Manager for TripAdvisor. As his career progressed, so did his passion in more artistic and creative endeavors. In 2012 he decided to pursue documentary filmmaking full time. His latest work, which is the subject of this episode, is a documentary called "People's Republic of Desire", a journey into the live streaming industry in China, where Hao follows a few top streamers on YY to document their lives behind the screen. The film has won the Grand Jury Award at the 2018 South By South West, among many other awards, and has screened at over 40 film festivals worldwide. The New York Times calls the film "hypercharged," while The Los Angeles Times says it's "invariably surprising and never less than compelling." If you haven't watched the film, we highly recommend doing so. It is available on Vimeo, iTunes, Amazon and Google Play; just visit desire.film for the links. Hao has produced two other documentaries, The Road to Fame, and Nowhere to Call Home. Hao holds a bachelor's degree in biology from the University of Science and Technology of China, a master's degree in molecular and cell biology from Brandeis University, and an MBA from the University of Michigan's Ross School of Business. Join our listeners' community via WeChat/Slack at 996.ggvc.com/community. The 996 Podcast is brought to you by GGV Capital, a global venture capital firm that invests in local founders. As a multi-stage, sector-focused firm, GGV focuses on seed-to-growth stage investments across Consumer/New Retail, Social/Digital & Internet, Enterprise/Cloud and Frontier Tech sectors. The firm was founded in 2000 and manages $6.2 billion in capital across 13 funds. Past and present portfolio companies include Affirm, Airbnb, Alibaba, Bitsight, ByteDance, Ctrip, Didi Chuxing, Grab, Gladly, Hello Chuxing, HashiCorp, Houzz, Keep, LingoChamp, Namely, Niu, Nozomi Networks, Opendoor, Peloton, Poshmark, Slack, Square, Wish, Xauto, Xiaohongshu, Yellow, YY, Zhaoyou and more. The firm has offices in Beijing, San Francisco, Shanghai and Silicon Valley. Learn more at ggvc.com, or "GGVCapital" on WeChat.

GGV Capital's Hans Tung and Zara Zhang interview Tao Peng (彭韬), the president of Airbnb China. Prior to joining Airbnb in Sept 2018, Tao has founded a number of companies in the travel space including Breadtrip, a social app for recording and sharing trips, and more recently, CityHome, a management platform for short-terms rentals across China. Before founding Breadtrip, Tao has worked at the network security provider IntelliGuard and has also worked for McKinsey for two years as a management consultant. Tao graduated from the University of Melbourne with Ph.D degree in computer networks and the Huazhong University of Science and Technology with a bachelor's degree in communication engineering. He is also an avid traveler and has been to over 50 countries across seven continents. Earlier on the 996 Podcast, we have interviewed Nathan Blecharczyk, Airbnb's co-founder and chief strategy officer as well as the chairman of Airbnb China. If you haven't listened to that episode, we highly recommend checking it out; it was released around exactly a year ago on April 11th, 2018. Airbnb is a GGV portfolio company and our managing partners Hans Tung and Glenn Solomon actively works with the company especially with regards to its China strategy. Join our listeners' community via WeChat/Slack at 996.ggvc.com/community. The 996 Podcast is brought to you by GGV Capital, a global venture capital firm that invests in local founders. As a multi-stage, sector-focused firm, GGV focuses on seed-to-growth stage investments across Consumer/New Retail, Social/Digital & Internet, Enterprise/Cloud and Frontier Tech sectors. The firm was founded in 2000 and manages $6.2 billion in capital across 13 funds. Past and present portfolio companies include Affirm, Airbnb, Alibaba, Bitsight, ByteDance, Ctrip, Didi Chuxing, Grab, Gladly, Hello Chuxing, HashiCorp, Houzz, Keep, LingoChamp, Namely, Niu, Nozomi Networks, Opendoor, Peloton, Poshmark, Slack, Square, Wish, Xauto, Xiaohongshu, Yellow, YY, Zhaoyou and more. The firm has offices in Beijing, San Francisco, Shanghai and Silicon Valley. Learn more at ggvc.com, or “GGVCapital” on WeChat.

GGV Capital's Hans Tung and Zara Zhang interview Jane Sun (孙洁), the CEO of Ctrip, the largest online travel platform in China which is listed on the NASDAQ. It's current market cap (at time of recording) is around $23 billion. Jane has been at Ctrip for 13 years. Prior to becoming CEO in Nov 2016, Jane served as COO of Ctrip for four years and CFO for seven years. Before joining Ctrip, Jane worked at Applied Materials in the US as the head of SEC and External Reporting Division. Prior to that, she worked with KPMG as an audit manager in Silicon Valley for five years. Jane received her bachelor's degree from the business school of the University of Florida, and LLM degree from the Peking University Law School. Jane discussed her journey from studying abroad in the US to one of the one of the top female leaders in Chinese tech, her daily routine as the CEO of a New York-listed Chinese tech company, and her advice for young people with cross-cultural backgrounds. This episode also features a bonus interview with GGV managing partner Jixun Foo, who led the firm's investment in the online travel search company Qunar, which merged with Ctrip in 2015. Join our listeners' community via WeChat/Slack at 996.ggvc.com/community. The 996 Podcast is brought to you by GGV Capital, a global venture capital firm that invests in local founders. As a multi-stage, sector-focused firm, GGV focuses on seed-to-growth stage investments across Consumer/New Retail, Social/Digital & Internet, Enterprise/Cloud and Frontier Tech sectors. The firm was founded in 2000 and manages $6.2 billion in capital across 13 funds. Past and present portfolio companies include Affirm, Airbnb, Alibaba, Bitsight, ByteDance, Ctrip, Didi Chuxing, Grab, Gladly, Hello Chuxing, HashiCorp, Houzz, Keep, LingoChamp, Namely, Niu, Nozomi Networks, Opendoor, Peloton, Poshmark, Slack, Square, Wish, Xauto, Xiaohongshu, Yellow, YY, Zhaoyou and more. The firm has offices in Beijing, San Francisco, Shanghai and Silicon Valley. Learn more at ggvc.com, or “GGVCapital” on WeChat.

GGV Capital's Hans Tung and Zara Zhang interview two “GGV Fellows,” David Sun (a data scientist on Apple's Siri team) and Bo Ning Han (a recent Harvard grad working on a startup in Beijing), on their life stories and their takeaways from the GGV Fellows program. What is the GGV Fellows program? Read this blog post to find out more: https://hans.vc/why-we-organized-ggv-fellows/ If you are interested in applying to future batches of GGV Fellows or our other events, please join our listeners' community via WeChat/Slack at 996.ggvc.com/community, where all related announcements will be posted. The 996 Podcast is brought to you by GGV Capital, a global venture capital firm that invests in local founders. As a multi-stage, sector-focused firm, GGV focuses on seed-to-growth stage investments across Consumer/New Retail, Social/Digital & Internet, Enterprise/Cloud and Frontier Tech sectors. The firm was founded in 2000 and manages $6.2 billion in capital across 13 funds. Past and present portfolio companies include Affirm, Airbnb, Alibaba, Bitsight, ByteDance, Ctrip, Didi Chuxing, Grab, Gladly, Hello Chuxing, HashiCorp, Houzz, Keep, LingoChamp, Namely, Niu, Nozomi Networks, Opendoor, Peloton, Poshmark, Slack, Square, Wish, Xauto, Xiaohongshu, Yellow, YY, Zhaoyou and more. The firm has offices in Beijing, San Francisco, Shanghai and Silicon Valley. Learn more at ggvc.com, or “GGVCapital” on WeChat.

GGV Capital's Hans Tung and Zara Zhang discuss the opportunities and challenges faced by Chinese overseas returnees (“sea turtles”, or 海归) who are interested in working in China's tech industry. These are people who were born and raised in China, completed their high education outside of China or have worked overseas, and then have returned to China for opportunities. There has been a growing number of sea turtles in recent year as China's tech economy boomed and the US immigration policies became less friendly to foreign talent. We addressed questions including: What are the common pitfalls that sea turtle entrepreneurs run into? In an age where the premium of an overseas education is arguably declining in China, how can sea turtles make the most of their global experience? For aspiring sea turtle entrepreneurs, which verticals should they spend time on? If you're an aspiring or current Chinese overseas returnee, we have a special resource for you: we recently compiled a list of 10 Chinese books on tech & entrepreneurship in China that we recommend all sea turtles read before going back to China. These include books on China's tech giants Tencent, Alibaba, JD, and Meituan, books on practical aspects of running a startup in China such as growth and marketing, as well as books on general Chinese business history. To read the book list, please follow GGV's WeChat official account by searching "GGVCapital" in WeChat, and then message the word "sea turtle" to that account. We also have a lucky draw for you: If you comment on that article with your story of coming back to China as a sea turtle before April 10th, you can enter a lottery to win a bundle of these 10 books, which will be mailed to you. We look forward to hearing your story. And, here's a list of news outlets and resources that can help you stay in touch with what's going on in tech in China: https://zarazhang.com/2018/03/25/how-to-keep-up-with-whats-happening-china/ Join our listeners' community via WeChat/Slack at 996.ggvc.com/community. The 996 Podcast is brought to you by GGV Capital, a global venture capital firm that invests in local founders. As a multi-stage, sector-focused firm, GGV focuses on seed-to-growth stage investments across Consumer/New Retail, Social/Digital & Internet, Enterprise/Cloud and Frontier Tech sectors. The firm was founded in 2000 and manages $6.2 billion in capital across 13 funds. Past and present portfolio companies include Affirm, Airbnb, Alibaba, Bitsight, ByteDance, Ctrip, Didi Chuxing, Grab, Gladly, Hello Chuxing, HashiCorp, Houzz, Keep, LingoChamp, Namely, Niu, Nozomi Networks, Opendoor, Peloton, Poshmark, Slack, Square, Wish, Xauto, Xiaohongshu, Yellow, YY, Zhaoyou and more. The firm has offices in Beijing, San Francisco, Shanghai and Silicon Valley. Learn more at ggvc.com, or “GGVCapital” on WeChat.

GGV Capital's Hans Tung and Zara Zhang interview Wang Yu (王宇), the co-founder and CEO of Tantan (探探), China's leading dating app. Tantan is social app that help young people in China connect with one another. It has a slide-left slide-right interface. Only when two users both slide right on each other can they start a conversation. The company was founded in 2014 and has helped users make over 10 billion matches to date. In 2018, Tantan was acquired by Momo (陌陌) for $735 million. Momo is a top location-based social networking platform in China that help people meet strangers around them. It is also one of the leading live streaming platforms in China. It is a public company on the NASDAQ and its current market cap is around $6.8 billion. Wang Yu was born in Beijing and grew up in Sweden. He holds two master's degrees, one on computer science and one in industrial economics. In 2007, he moved back to China and started his first business P1, a fashion community, before founding Tantan in 2014. During this episode, Yu discussed how the failure of his first startup P1 proved crucial to the success of Tantan, why flawless execution is more important than flawless product in China, whether any social apps in China will be able to challenge WeChat, and the advantages and disadvantages of being an overseas Chinese returnee entrepreneur. Join our listeners' community via WeChat/Slack at 996.ggvc.com/community. The 996 Podcast is brought to you by GGV Capital, a global venture capital firm that invests in local founders. As a multi-stage, sector-focused firm, GGV focuses on seed-to-growth stage investments across Consumer/New Retail, Social/Digital & Internet, Enterprise/Cloud and Frontier Tech sectors. The firm was founded in 2000 and manages $6.2 billion in capital across 13 funds. Past and present portfolio companies include Affirm, Airbnb, Alibaba, Bitsight, ByteDance, Ctrip, Didi Chuxing, Grab, Gladly, Hello Chuxing, HashiCorp, Houzz, Keep, LingoChamp, Namely, Niu, Nozomi Networks, Opendoor, Peloton, Poshmark, Slack, Square, Wish, Xauto, Xiaohongshu, Yellow, YY, Zhaoyou and more. The firm has offices in Beijing, San Francisco, Shanghai and Silicon Valley. Learn more at ggvc.com, or “GGVCapital” on WeChat.

Join GGV 996's anniversary party in San Francisco on Friday, March 8! The event will take the form of a Trivia Night on Chinese tech. Come test your knowledge of China's tech industry, compete to win prizes, and enjoy a great night with friends. RSVP at 996.ggvc.com/sf. Join our listeners' community via WeChat/Slack at 996.ggvc.com/community.   GGV Capital's Hans Tung and Zara Zhang interview Simon Zhang, (张溪梦), the founder and CEO of GrowingIO, a data analytics startup in China that helps product managers and marketers analyze mobile apps and websites without adding manual tracking codes. GrowingIO now counts over 6000 companies as its customers, including the likes of Didi, Momo, Tujia, and others. Previously, Simon was senior director of business analytics at LinkedIn in its Silicon Valley headquarters, and before that, worked as a senior manager of site analytics at eBay. In 2015, he left a decade-long career in Silicon Valley to return to China and started his current startup, GrowingIO. But prior to all of this, Simon worked as a brain surgeon in China, and attended medical school in Tianjin. He also obtained an MBA from Baldwin-Wallace College in Ohio. Simon is also the author of the Chinese book 《首席增长官》 (“Chief Growth Officer”) and is a thought leader in the field of data-driven growth in China. Simon discussed how Chinese engineers in Silicon Valley can crack the “bamboo ceiling”, how Chinese-style growth differs from Silicon Valley-style growth, and why “raising too much money” could create challenges for a startup. The 996 Podcast is brought to you by GGV Capital, a global venture capital firm that invests in local founders. As a multi-stage, sector-focused firm, GGV focuses on seed-to-growth stage investments across Consumer/New Retail, Social/Digital & Internet, Enterprise/Cloud and Frontier Tech sectors. The firm was founded in 2000 and manages $6.2 billion in capital across 13 funds. Past and present portfolio companies include Affirm, Airbnb, Alibaba, Bitsight, ByteDance, Ctrip, Didi Chuxing, Grab, Gladly, Hello Chuxing, HashiCorp, Houzz, Keep, LingoChamp, Namely, Niu, Nozomi Networks, Opendoor, Peloton, Poshmark, Slack, Square, Wish, Xauto, Xiaohongshu, Yellow, YY, Zhaoyou and more. The firm has offices in Beijing, San Francisco, Shanghai and Silicon Valley. Learn more at ggvc.com, or “GGVCapital” on WeChat.

GGV Capital's Hans Tung and Zara Zhang interview David Li (李学凌), the founder and CEO of YY, one of the first live streaming platforms in China. YY went public on the NASDAQ in 2012 and is now a multi-billion dollar company. YY also owns Huya, the leading game streaming platform in China which went public on the NYSE this May. David is also the co-founder and CEO of the Singapore-based BIGO, which is the leading live streaming platform in Southeast Asia. Before founding YY in 2005, David served as the editor in chief at NetEase. David received a bachelor's degree in philosophy from Renmin University of China in 1997. GGV is lucky to count YY as a portfolio company, and our managing partner Jenny Lee was on the board of YY for seven years. David discussed his evolution from a philosophy major to a journalist to an Internet entrepreneur, what it's like to take a Chinese company public in 2012, and how YY came to spearhead innovative features of modern live-streaming products such as in-app tipping and virtual gifts. 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. 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 $6.2 billion in capital under management across 13 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.

GGV Capital's Hans Tung and Zara Zhang interview Toby Sun, the co-founder of Lime, a GGV portfolio company that's disrupting last-mile transportation in the US. A few months ago, we had Brad Bao, the other co-founder, on the show, back when the company was still called "LimeBike." At that time, Lime's operation was still pedal bikes only. A lot has changed since then. In a short span of a few months, LimeBike has expanded into 20 markets in four countries, changed its name to “Lime”, added other transportation modes including e-bikes and e-scooters to its services, and announced a $335 million funding round led by GV with participation from Uber, which will become Lime's strategic partner in the electric scooter space. Lime is currently working with Uber to co-brand its scooters and make them available in the Uber app. In the episode, we discussed why scooters have a future in the US, how Lime envisions its partnership with Uber, and whether Lime sees itself as a “super app” going forward. Join our listeners' community via WeChat/Slack at 996.ggvc.com/community. You can view the full transcript of this episode at 996.ggvc.com. 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 290 companies, with 46 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. We also recommend checking out our 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.

GGV Capital's Hans Tung and Zara Zhang interview Jixun Foo (符绩勋), who is a Managing Partner at GGV Capital based in China. Jixun joined GGV in 2006 and has more than 20 years of experience in venture capital investing. He focuses on travel and transportation, social media and commerce as well as enterprise services in China. Jixun has led GGV's investments in Qunar (去哪儿), Grab, Didi (滴滴出行), Youku-Tudou (优酷土豆), UCWeb, Mogujie-Meilishuo (美丽联合集团), MediaV, Full-Truck Alliance (formerly Yunmanman) (满帮集团), Meicai (美菜), and currently serves on the boards of XPeng (小鹏汽车), Hellobike (哈罗单车), Tujia (途家), Xiangwushuo (享物说), Zuiyou (最右) and Kujiale (酷家乐). Jixun played a critical role in many key strategic mergers and acquisitions, such as those of Youku-Tudou, Baidu/Qunar, Ctrip/Qunar, and Mogujie/Meilishuo. Jixun has been recognized by Forbes China as one of the “Best Venture Capitalists” every year since 2006, and frequently appears on the Forbes Midas list. Before GGV, Jixun was a Director at Draper Fisher Jurvetson ePlanet Ventures, where he led the firm's investment in Baidu. Prior to DFJ ePlanet, Jixun led the Investment Group under the Finance & Investment Division of the National Science & Technology Board of Singapore (NSTB) and has also worked in the R&D division of Hewlett Packard. Jixun is from Singapore and graduated from the National University of Singapore with a First-Class Honors degree in Engineering, as well as a Master's in Management of Technology from the university's Graduate School of Business. In this episode, Jixun discusses how he started his career in venture capital, the insider story behind the merger between Youku and Tudou (the largest merger in Chinese tech history at the time), why he invested in the bike-sharing company HelloBike (which overtook Mobike and Ofo to become the top player in the country), and what sectors excite him today. Join our listeners' community via WeChat/Slack at 996.ggvc.com/community. You can view the full transcript of this episode at 996.ggvc.com. We are excited to announce a new program, "GGV Fellows", designed to help "sea turtles" or (海归) and Chinese students studying overseas to get to know the Chinese entrepreneurial landscape better. If you're a Chinese student/professional who is studying/working overseas (or have done so in the past), this is a program designed for you! It's a weeklong program in Jan 2019 in Beijing (during most US college's winter break). You will be able to learn from executives at some of China's most valuable tech companies, and visit some of their offices. You will also participate in mixers with students at top Chinese universities like Tsinghua and Beida to build a local network. Please visit fellows.ggvc.com for the application link and for more information. 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.

GGV Capital's Hans Tung and Zara Zhang interviewed Zilin Chen, founder and CEO of BingoBox, China's first scalable 24-hour cashier-free convenience store and a GGV portfolio company. BingoBox features a smart counter for a staffless check-out experience, and uses RFID and computer vision to keep track of items. Users scan a QR code to enter the store, and pay via Alipay or WeChat Pay. BingoBox is a pioneer in a phenomenon known as "new retail" in China, commonly understood as using technology to transform offline retail. BingoBox was launched to public in August 2016 and now has over 300 boxes in almost 30 cities in China. GGV led BingoBox's series A investment in July 2017. The company raised another $80 million in series B this January, which GGV also participated in. Zilin discussed how the idea for BingoBox came about, how BingoBox differs from Amazon Go, and the technology and unit economics behind the stores. The episode also features a bonus interview with Eric Xu, GGV Capital's managing partner based in China, who led our investment in BingoBox. Eric discussed the meaning of "new retail" and what made him want to invest in BingoBox. The full transcript of this episode is available at 996.ggvc.com/2018/08/15/episode-18-zilin-chen-of-bingobox-on-the-future-of-new-retail-in-china/. 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. 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 290 companies, with more than 45 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. Listen to past episodes of our 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.

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.  

GGV Capital's Hans Tung and Zara Zhang interview serial entrepreneur Justin Kan. In 2007, he co-founded Justin.TV, a website that allowed anyone to broadcast video online. In 2011, Justin.tv spinned off its gaming division as Twitch, which went on to become the leading live streaming platform for video games in the US. Twitch was acquired by Amazon in 2014 for almost a billion dollars. More recently, Justin co-founded Atrium LTS—the “LTS” stands for “Legal Technology Services” - a startup that's building technology to revolutionize the legal industry. GGV is an investor in Atrium. Justin is a true startup veteran—in addition to starting multiple companies of his own, he has worked with hundreds of startups as a partner at Y Combinator, and has also personally angel invested in over 65 companies. Justin grew up in Seattle as a second-generation Chinese American, and graduated from Yale in 2005 with degrees in physics and philosophy. In this episode, Justin recounted the story of how he started to live streaming his life before streaming became cool, the pitfalls he has gone through during his startup journey, whether it was the right decision to sell Twitch to Amazon in 2014, and what gets him excited about his new venture Atrium. 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. 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. Tweets: "I always thought that 'management' was a dirty word. But we could have been much more effective if we had implemented actual management in the early days." - @JustinKan of @Twitch on the 996 Podcast with @hanstung & @zarazhangrui https://itunes.apple.com/us/podcast/996-podcast-with-ggv-capital/id1336107529?mt=2 "I think we [the US] take immigration of skilled labor for granted. We should be trying to get every single engineer from around the world to live here, to stay here." - @JustinKan of @Twitch on the 996 Podcast with @hanstung & @zarazhangrui https://itunes.apple.com/us/podcast/996-podcast-with-ggv-capital/id1336107529?mt=2 @GGVCapital   "The most common mistake I see in founders is that they are not focused enough." - @JustinKan of @Twitch on the 996 Podcast with @hanstung & @zarazhangrui https://itunes.apple.com/us/podcast/996-podcast-with-ggv-capital/id1336107529?mt=2 @GGVCapital

GGV Capital's Hans Tung and Zara Zhang interview Eric Yuan, founder and CEO of Zoom, the leading video conferencing solution for enterprise. Zoom is used by a third of Fortune 500 companies and 90% of the top 200 universities in the US. Eric was recently named the Top CEO on Glassdoor, with an approval rating of 99%, and was the first person of color to win the award. Eric grew up and went to college in China, arrived in Silicon Valley in 1997 and joined WebEx when it was still a small company. In 2007 WebEx was acquired by Cisco and Eric became Cisco's Corporate VP of engineering in charge of collaboration software. Eric spent 14 years in total at WebEx and grew its engineering team from 10 to 800, and increased its revenue from zero to over $800 million. Eric holds 11 patents, plus 20 pending patents in the pipeline. In this episode, Eric shared his story of being rejected a US visa for 8 times while in China, how to overcome the “bamboo ceiling” as a Chinese engineer in Silicon Valley, and what makes Zoom different from its competitors. 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. 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.

Hans Tung and Zara Zhang interview Jenny Lee, a managing partner at GGV Capital based in Shanghai. Jenny joined GGV in 2005 and was instrumental in setting up GGV's presence in China. Forbes recently ranked Jenny as the world's 16th most powerful woman in tech. A self-professed geek who loves new technologies and products, Jenny has been involved with consumer internet, SaaS, and frontier technology companies at GGV, and has helped many go public. Since 2011, Jenny has been recognized by the Forbes Global 100 VC Midas List of top venture capitalists, ranking as the #1 woman and #10 overall in 2015. Jenny grew up in Singapore and was educated in the U.S., where she attended Cornell and Northwestern University. In this episode, we discussed how Jenny rose from a newcomer to one of the most respected VCs in China, how she set up the China presence of a U.S. venture capital firm, how venture deals are done in China, and how U.S. companies can better align themselves with Chinese government's interests. 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. 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.

In the first joint live session of GGV Capital's 996 Podcast and the Sinica Podcast, we interviewed Yasheng Huang, a renowned economist and professor of global economics and management at the MIT Sloan School of Management. GGV Capital's Hans Tung and Zara Zhang were joined by Kaiser Kuo, host of the Sinica Podcast and producer of the 996 Podcast. Huang founded and runs the China Lab and the India Lab, which aim to help entrepreneurs in those countries improve their management skills. He is an expert source on international business, political economy, and international management. In collaboration with other scholars, Huang conducts research on human capital formation in China and India, entrepreneurship, and ethnic and labor-intensive foreign direct investment. In this episode, we discussed the recent trade tensions between the U.S. and China, how geopolitical factors are affecting the global tech industry, and how China's growth story compares with that of India and other developing countries. 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. 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.

GGV Capital's Hans Tung and Zara Zhang interview Yinglian Xie and Fang Yu, the co-founders of DataVisor, a fast-growing startup in Silicon Valley that provides big data security analytics for consumer-facing websites and apps. Its customers include some of the largest companies in the world, such as Alibaba, Dianping, Pinterest, Yelp, and Bytedance (a.k.a. Toutiao), among others. Both Yinglian and Fang have decades of experience in internet security, specifically on fighting large-scale attacks to online services, such as fraudulent online payments, spamming, user hijacking, search-result poisoning, etc. They were both senior researchers at Microsoft for many years before starting DataVisor in 2013, and have filed over 20 patents. Yinglian received her Ph.D. in computer science from CMU and a Bachelor's degree from Peking University. Fang holds a Ph.D. in computer science from Berkeley and a Bachelor's degree from Fudan University. 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. 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.

GGV Capital's Hans Tung and Zara Zhang interview Bertrand Schmitt, the CEO and co-founder of App Annie, the leading global provider of app market data. Bertrand started App Annie in Beijing in 2011 and has since then grown it into a truly global company, with 450 employees across 13 countries today. App Annie is now used by industry leaders all over the world. Customers include Google, Snapchat, and the New York Times as well as Chinese companies like Tencent, Bytedance, and Xiaomi. In this episode, we discuss why Bertrand, a native of France, chose to move to China despite the language and cultural barriers, how a non-Chinese entrepreneur can become successful in China, and why having a multicultural DNA can be the best asset for startup teams today. 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. 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.

On the first live show of the 996 Podcast, GGV Capital's Hans Tung and Zara Zhang interviewed Nathan Blecharczyk, the co-founder and chief strategy officer of Airbnb, and the chairman of Airbnb China. In front of 150 audience members gathered at Airbnb's San Francisco headquarters, Nathan discussed Airbnb's China strategy, how it has evolved over the years, and what lessons he has learned through working with China. He also explained how to build relationships in China, how the company thinks about local competitors, and why Chinese authorities might actually be more open-minded than those elsewhere. GGV Capital is an investor in Airbnb, and managing partner Hans Tung and Glenn Solomon have been advising the company's China strategy. 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. 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.

GGV Capital's Hans Tung and Zara Zhang interview Brad Bao, the co-founder and chairman of LimeBike, a fast-growing dockless bike-sharing company in the U.S. based in San Mateo, California. Founded in January 2017, LimeBike is currently in more than 50 different markets in the U.S., and has helped users with more than 2 million trips since it launched. Before founding LimeBike, Brad was an investor at Fosun Kinzon Capital, and previously helped launch and build up Tencent's U.S. operations as Tencent's first employee outside of China. LimeBike is an example of a phenomenon known as “copy from China” — importing innovative business models from China into the U.S. In this episode, we discuss Brad's “pivot” from an investor searching for a bike-sharing deal to the founder of a bike-sharing company, why bike sharing can work in the U.S., and why being cross-border is a crucial advantage in this space. 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. 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.

Miranda Qu is the co-founder of Xiaohongshu (“Little Red Book” in Chinese), the world's largest lifestyle platform that integrates community and content with ecommerce. Over 75 million users spend a total of over 100 million yuan per month on the app to buy fashion, cosmetics, and lifestyle products from both overseas and domestic brands. Xiaohongshu is a pioneer in integrating content, commerce, and community — the “3 Cs” that GGV managing partner Hans Tung thinks today's ecommerce platforms must possess in order to stand out in “the age of Alibaba and Amazon.” Miranda graduated from Beijing Foreign Studies University with a degree in journalism, and left her job in 2013 to start Xiaohongshu. In this episode, Miranda discusses how she met her cofounder, Charlwin Mao, in a shopping mall in Boston; Xiaohongshu's journey from a “Lonely Planet for overseas shopping” to one of China's most popular ecommerce platforms; and why young Chinese consumers increasingly prefer domestic brands over foreign ones. 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. 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.

Yi Wang is the founder and CEO of Liulishuo (a.k.a. LingoChamp), China's leading mobile learning platform for spoken English, with over 70 million users. It uses speech recognition technology to enhance the learning experience and provide learners with measurable and proven results. Within a few months of launching, Liulishuo rose to the top of the Apple app store in China, and was recently ranked by CB Insights as one of the 100 most promising artificial intelligence startups in the world in 2018. Yi is a “sea turtle” (海归, overseas returnee) who returned to China after studying and working in the U.S. He received his Ph.D. in computer science from Princeton University in 2009 and his M.S.E. and B.E. in electronic engineering from Tsinghua University. Before founding Liulishuo in 2012, Yi was a product manager at Google's headquarters in Mountain View, California, from 2009 to 2011. Yi has also worked as a product director at AdChina, responsible for its performance ads platform. In this episode, we discuss questions such as: Why did Yi choose to leave his comfortable job in Silicon Valley to start a new venture in China? What challenges must “sea turtles” overcome to successfully start a company in China? What makes Liulishuo so engaging to its millions of users? Will AI ever replace human teachers? 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. 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.

Lin Bin, the co-founder, president, and head of mobile for Xiaomi, reveals the secret sauce of one of the most valuable private companies in the world, which is reportedly going public later this year. Xiaomi had an unprecedented “comeback year” in 2017. In January 2018, Xiaomi was the third-largest smartphone seller in the world by shipment, the No. 1 smartphone seller in India, and one of the top five sellers in 12 other countries. Lin Bin, an engineer by training, recounts the founding story of Xiaomi, the uniqueness of the “Xiaomi ecosystem,” the phenomenon called “Mi Fans,” how he learned to fall in love with offline retail, and his takeaways from Xiaomi's meteoric rise in 2017 following a sluggish 2016. Prior to Xiaomi, Bin worked at Microsoft for 11 years and Google for 4 years. He served as the engineering director of Microsoft Research Asia, the vice president of the Google China Institute of Engineering, and the engineering director of Google Global. Hans Tung, one of the earliest investors and a former board member of Xiaomi, discusses how he first met the team and why he believed in a company whose success was considered “almost impossible.” 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. 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.

GGV Capital's Hans Tung and Zara Zhang interview Tao Zhang, the founder of Dianping, a lifestyle services company that is often known as “the Yelp of China” but is much more than that. In 2015, Dianping merged with the group buying giant Meituan. The new company, Meituan-Dianping, is now worth $30 billion and is the fourth most valuable startup in the world. Why did Tao want to put restaurant reviews online, before Yelp was even started? How did Tao survive the “thousand-Groupon war” that seized China's internet scene in the early 2010s? How do you approach a merger between two multi-billion dollar companies? How should startups in China think about strategic investments from giants like Tencent and Alibaba? 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. 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.