Podcasts about meituan dianping

• จากสถิติพบว่าในช่วง 3ปี ระหว่างปี 2013 ถึง 2015 Meituan มีส่วนเกี่ยวข้องในธุรกิจหลายแขนง มากกว่าสิบประเภท ไม่ว่าจะเป็น ภาพยนตร์ การรับประทานอาหารนอกบ้าน การจัดเลี้ยง โรงแรม ตั๋วสถานที่ท่องเที่ยว ครอบครัว งานแต่งงาน และอีคอมเมิร์ซ และช่วงที่ธุรกิจ O2O เติบโตอย่างคาดไม่ถึง แม้แต่การให้บริการแบบ door-to-door เช่น ทำเล็บ ทำความสะอาด บริการช่างเปิดประตู ล้างและดูแลรถยนต์ ก็ถูกจัดหมวดหมู่ไว้ในนี้ • คู่แข่งก็ขยายตัวเช่นกัน Alibaba ก็วางแผนที่จะชุบชีวิต Koubei.com ด้วยเงิน 6 พันล้านหยวน และไป่ตู้ประกาศว่าจะใช้เงิน 2 หมื่นล้านหยวน ในอีก 3 ปีข้างหน้าเพื่อท้าทายตำแหน่งทางการตลาดของ Meituan • ภายในกลางปี 2015 Meituan ก็ประกาศอีกครั้งว่า ปริมาณธุรกรรม ในครึ่งปีแรกของ 2015 อยู่ที่ 47,000 ล้านหยวน ซึ่งเกินยอดปริมาณธุรกรรมทั้งหมดของปี 2014 (ทั้งปี 2014 อยู่ที่ 45,000 ล้านหยวน) • Meituan ต้นปี 2015 ได้ระดมทุนไป 700 mill USD Valuation บริษัทตอนนั้นอยู่ที่ 7,000 ล้าน USD ส่วน Dianping เองก็ระดมทุนไป 850 ล้าน USD มูลค่าบริษัทอยู่ที่ 4,050 ล้าน USD ซึ่งตอนนั้น Dianping มี MAU อยู่ที่ 190 ล้านบัญชี Meituan ก็มีประมาณ 200 ล้านบัญชี สองบริษัทก็ยังคงเป็นผู้เล่นหลักในตลาดนี้ แต่สำคัญคือ จำนวนเงินทุนที่ถูกเผาไปมากเหลือเกิน อีกทั้งมีผลประโยชน์ทับซ้อนของนักลงทุนหลักอีกด้วย • สุดท้ายข่าวที่ทุกคนรอคอยคือการ Merge กันระหว่าง Meituan กับ Dianping เมื่อวันที่ 8 ตุลาคม 2015 Meituan-Dianping ประกาศการควบรวมกิจการอย่างเป็นทางการ กลายเป็นแพลตฟอร์มสำหรับบริการด้านไลฟ์สไตล์ที่ใหญ่ที่สุดในจีน • หลังจากการควบรวมกิจการ โครงสร้างบุคลากรของทั้งสองฝ่ายจะยังคงไม่เปลี่ยนแปลง และแบรนด์และธุรกิจของทั้งสองฝ่ายจะได้รับการดำเนินการอย่างอิสระ ช่วงแรกของการตั้งบริษัทใหม่จะใช้ระบบเป็น CO-CEO การตัดสินใจที่สำคัญจะทำในระดับ CO-CEO แต่สุดท้ายก็ไปไม่รอดในการคงระบบ CO-CEO เพราะเสือสองตัวอยู่ถ้ำเดียวกันไม่ได้ แล้วยิ่งเป็นคู่แข่งกันมาก่อน • ผลลัพธ์จะเป็นอย่างไรต่อ รายละเอียดทั้งหมดติดตามรับฟังได้ใน EP 38 เลือกฟังกันได้เลยนะครับ อย่าลืมกด Follow ติดตาม PodCast ช่อง Geek Forever's Podcast ของผมกันด้วยนะครับ ========================= ร่วมสนับสนุน ด.ดล Blog และ Geek Forever Podcast เพื่อให้เรามีกำลังใจในการผลิต Content ดี ๆ ให้กับท่าน https://www.tharadhol.com/become-a-supporter/ ——————————————– ติดตาม ด.ดล Blog ผ่าน Line OA เพียงคลิก : https://lin.ee/aMEkyNA ——————————————– ไม่พลาดข่าวสารผ่านทาง Email จาก ด.ดล Blog : https://www.getrevue.co/profile/tharadhol ——————————————– Geek Forever Club พื้นที่ของการแลกเปลี่ยนข้อมูลข่าวสาร ความรู้ ด้านธุรกิจ เทคโนโลยีและวิทยาศาสตร์ ใหม่ ๆ ที่น่าสนใจ https://www.facebook.com/groups/geek.forever.club/ ========================= ช่องทางติดตาม ด.ดล Blog เพิ่มเติมได้ที่ Fanpage : www.facebook.com/tharadhol.blog Blockdit : www.blockdit.com/tharadhol.blog Twitter : www.twitter.com/tharadhol Instragram : instragram.com/tharadhol TikTok : tiktok.com/@geek.forever Youtube : www.youtube.com/c/mrtharadhol Linkedin : www.linkedin.com/in/tharadhol Website : www.tharadhol.com

• Wang Xing เชื่อว่าในปีแรกของอีคอมเมิร์ซแบบดั้งเดิม (Traditional eCommerce) คือปี 1998 แต่สำหรับปี 2010 ถือเป็นปีแรกของการให้บริการอีคอมเมิร์ซของจีน (Service eCommerce) และปี 2012 จะเป็นจุดผกผันใหม่ของ Services ECommerce สำหรับ Meituan • 95% ของธุรกิจแพลตฟอร์มคือบริการ และเป้าหมาย Meituan คือการเป็นองค์กรอีคอมเมิร์ซที่ดีที่สุดในอุตสาหกรรมบริการ • ดังนั้น Wang Xing จึงวางกลยุทธ์รูปตัว T ( T-shaped strategy) สำหรับแผนงานในอนาคตโดยมี Group-buying อุตสาหกรรมในแนวนอน (horizontal) และแนวดิ่ง (vertical) เช่น ภาพยนตร์และโรงแรม เป็นต้น • Maoyan Film (猫眼电影) จึงบังเกิดในปี 2012 และถือเป็นก้าวแรกของกลยุทธ์ T-shape • ในปี 2013 ก็ได้เปิดตัว 美团酒店 (Meituan Hotel) อย่างเป็นทางการ เพราะในขณะเดียวกัน ธุรกิจ Group-buying ของโรงแรมระดับล่างและระดับกลางก็มีการเติบโตอย่างต่อเนื่องแต่ Meituan พบว่าตลาดส่วนนี้เป็นตลาดที่ถูกละเลยโดยแพลตฟอร์ม OTA หลัก (Ctrip/Qunar) • Wang Xing รู้สึกว่าในปี 2013 Group buying (团购) จะไม่ได้รับความสนใจมากนัก ไม่ใช่เพราะมันไม่สำคัญ แต่เป็นเพราะมันเป็นเรื่องธรรมดามาก และได้กลายเป็นส่วนหนึ่งของการบริโภคตามปกติมากขึ้นเรื่อยๆ • นอกจากนี้ การเข้าใจ local needs ของ user ถึงความสะดวกสบายของการมี application แบบครบวงจร (综合应用) มากกว่าการมี application แยก (独立应用) เป็นจุดสำคัญมากในการกำเนิดเป็น SuperAppในประเทศจีน • ในเวลานั้นนายทุนใหญ่ที่อยู่เบื้องหลัง Meituan ส่วนใหญ่เป็น Alibaba, Tencent, Sequoia, Boyu Capital เป็นต้น และนักลงทุนของ Dianping ได้แก่ Alibaba, Tencent, Sequoia, TRUST และ Capital Today • เมื่อมองในระดับผู้ถือหุ้นด้วยกันนั้น ทั้งสองบริษัทมีนักลงทุนผู้ถือหุ้นทับซ้อนกัน และประกอบกับสถานการณ์ปัจจุบันของการเผาเงินอย่างมหาศาลของ Meituan • ดังนั้นเหตุการณ์ต่อมาจึงเกิดขึ้น นั่นคือ การคลุมถุงชน (ควบรวมกิจการ) ระหว่าง Meituan – Dianping จนกลายมาเป็น Meituan Dianping ในปี 2015 เลือกฟังกันได้เลยนะครับ อย่าลืมกด Follow ติดตาม PodCast ช่อง Geek Forever's Podcast ของผมกันด้วยนะครับ ========================= ร่วมสนับสนุน ด.ดล Blog และ Geek Forever Podcast เพื่อให้เรามีกำลังใจในการผลิต Content ดี ๆ ให้กับท่าน https://www.tharadhol.com/become-a-supporter/ ——————————————– ติดตาม ด.ดล Blog ผ่าน Line OA เพียงคลิก : https://lin.ee/aMEkyNA ——————————————– ไม่พลาดข่าวสารผ่านทาง Email จาก ด.ดล Blog : https://www.getrevue.co/profile/tharadhol ——————————————– Geek Forever Club พื้นที่ของการแลกเปลี่ยนข้อมูลข่าวสาร ความรู้ ด้านธุรกิจ เทคโนโลยีและวิทยาศาสตร์ ใหม่ ๆ ที่น่าสนใจ https://www.facebook.com/groups/geek.forever.club/ ========================= ช่องทางติดตาม ด.ดล Blog เพิ่มเติมได้ที่ Fanpage : www.facebook.com/tharadhol.blog Blockdit : www.blockdit.com/tharadhol.blog Twitter : www.twitter.com/tharadhol Instragram : instragram.com/tharadhol TikTok : tiktok.com/@geek.forever Youtube : www.youtube.com/c/mrtharadhol Linkedin : www.linkedin.com/in/tharadhol Website : www.tharadhol.com

Even with rampant inflation and rapidly accelerating interest rates, household borrowing climbed to start 2022 and hit a new record, the Federal Reserve reported Tuesday.Consumer debt and credit rose 1.7% in the first quarter to $15.84 trillion. The rise in total household credit was propelled largely by a $250 billion increase in mortgage debt, which now stands at $11.18 trillion, an increase of 10% from the first quarter in 2021.Consumers are returning to their previous habits with the balance between goods and services (Restaurants and dining out) spending back to where it stood in May 2020, according to data adjusted for inflation from Flexport, a freight forwarder. A separate metric cited by Goldman Sachs shows goods consumption about 5 percent higher from before the pandemic.Follow the Amazon TrendsInvestment firms noted that macro indicators appear to be deteriorating at a faster pace in a significant development for Amazon (AMZN)."The resulting negative sentiment across both consumers and businesses is likely to result in more cautious spending patterns, with headwinds worsening as the economic slowdown deepens. For consumers, that means less discretionary spend on pricier physical goods and more price sensitivity to service items like dining out."Will China boost spending with a Digital Yuan airdrop?The airdrop is a joint effort between the city of Shenzhen and Meituan Dianping, China's leading food delivery app. As per instructions, users would need to first log in to the Meituan app, sign up for the incentive, and then potentially receive the e-CNY rewards as part of a lottery draw.If chosen, the e-CNY is then dispensed to users and can be spent at more than 15,000 in-app merchant terminals that accept the state-owned digital currency. Previously, the People's Bank of China had identified the e-CNY as a potential tool for advancing regional economies and improving the efficiency of select financial services. Meanwhile, sources at Meituan say that the e-CNY plays a vital role in boosting spending and revitalizing local businesses. Shenzhen is also currently one of three cities in China where residents can pay municipal taxes and charges with the e-CNY.

European bourses are firmer, extending on overnight futures performance, shrugging off a downbeat APAC handover amid COVID concerns.Stateside, futures are contained/marginally softer ahead of a quiet schedule and after a mixed close on Friday; NQ, -0.3%, modestly lags amid yield action.Russian Kremlin said face-to-face talks in Turkey with Ukraine are unlikely to commence on Monday, may start on Tuesday.AAPL intends to make ~20% less iPhone SE's next quarter than was originally planned, via Nikkei; while TSLA is seeking a stock split.DXY surpasses 99.00 while JPY lags amid BoJ JBG intervention, core-debt pulls back with curves flatter or more inverted pre-supply.WTI and Brent are clipped amid COVID measures from China and progress on the JCPOA; currently, off lows of USD 108.28/bbl and USD 115.32/bbl respectively.Looking ahead, highlights include the ASEAN summit, US Auctions & a speech from BoE Governor Bailey.As of 11:15BST/06:15EDTLOOKING AHEADASEAN summit, US Auctions & a speech from BoE Governor Bailey.Click here for the Week Ahead preview.GEOPOLITICSRUSSIA-UKRAINENEGOTIATIONS/TALKSUkrainian President Zelensky said he would like an all for all prisoner exchange with Russia and that they have handed over a list to Russia. Zelensky added that they will not sit down for talks with Russia if discussions are about "demilitarisation and some kind of denazification". Zelensky stated that Ukraine is ready to discuss neutrality and non-nuclear status if backed by security guarantees, while he added that a deal is only possible with a troop withdrawal and that he wants a compromise with Russia regarding Donbass.Ukrainian Interior Ministry Advisor says he expects no major breakthrough at peace discussions.Turkish President Erdogan told Russian President Putin in a call that there needs to be a quick ceasefire with Ukraine and that they need to improve the humanitarian situation in the region, while it was also reported that the next round of face-to-face talks between Russia and Ukraine will be held in Turkey on March 28th-30th.Senior Turkish official says that talks between Ukrainian and Russian negotiators will begin in Istanbul later today. However, the Russian Kremlin said talks are unlikely to commence on Monday, may start on Tuesday. No substantial achievements/breakthroughs in talks, no progress re. a potential Putin-Zelensky meeting.Russian Foreign Minister Lavrov says President Putin never refuses to meet with Ukrainian President Zelensky, but since meetings must be well prepared, a (presidential) meeting to exchange views at this time would be counter-productive.Ukraine's Deputy PM says that no humanitarian corridors will be opened today as intelligence suggested potential Russian provocations on corridor routes.OTHER OFFICIALSUS President Biden said NATO is a defensive alliance and it has never sought Russia's demise and that “swift and punishing” costs are the only things that will influence Russia to change course. Biden added that US forces are in Europe to defend NATO allies, not to engage with Russian forces and stated that Russian President Putin cannot remain in power, although Biden later said that he was not calling for a regime change in Russia.White House official said President Biden was not calling for a change of regime in Russia and the US envoy to NATO also commented that the US does not have a policy of regime change in Russia. In relevant news, a Kremlin spokesman responded that it is not for US President Biden to decide and said the President of Russia is elected by Russians.German Chancellor Scholz said a regime change in Russia is not NATO's goal. Furthermore, Scholz said that Germany is considering purchasing a missile shield.US Secretary of State Blinken said Israeli efforts to mediate on Ukraine-Russia are important and closely coordinated with the US.DEFENCE/MILITARYRussia launched 70 missiles on targets in Ukraine on Saturday which was the largest daily amount since the war began, although reports added only 8 of the 70 missiles reached the target, according to Pravda with most shot down by Ukrainian defence.UK Ministry of Defence said Russia is maintaining a distant blockade of Ukraine's Black Sea coast and effectively isolating Ukraine from maritime trade, while it noted that Russian naval forces are continuing their sporadic missile strikes against targets throughout Ukraine. UK Defence Ministry also said Russia is stepping up attempts to encircle Ukrainian forces directly facing the separatist regions in the east, advancing from the direction of Kharkiv in the north and Mariupol in the south, according to Bloomberg.US is to provide an additional USD 100mln in civilian security assistance to Ukraine, according to the State Department.Ukraine's Deputy Defence Minister said that Russian forces are regrouping but not able to advance anywhere within Ukraine, via Reuters. Subsequently, reports suggest that Russia is attacking to the east and northwest of Kyiv, trying to take key roads and settlements, according to a war reporter based in UkraineENERGY/ECONOMIC SANCTIONSUS is to sanction companies providing technology for Russian military and intelligence services, according to a WSJ report late on Friday.Japanese Finance Minister Suzuki said the government cannot confiscate foreign central banks' reserves parked with the BoJ under current laws, while Chief Cabinet Secretary Matsuno said they will revise FX control laws swiftly to strengthen sanctions against Russia and hope to submit a bill at the current parliamentary session.Russian Kremlin says President Putin has instructed the CBR and Gazprom to use the RUB in gas sale transactions to unfriendly nations by March 31st, via AJA Breaking.OTHERIranian Foreign Minister said that France, Germany and UK agree on the text and that the US ‘accepts' it must address some remaining issues, while he also stated that a deal hinges on the US removing the IRGC from the terror list, according to Bloomberg. Furthermore, Iran's Foreign Minister said Tehran welcomes normalisation of ties with Saudi Arabia and is determined to expand cooperation with Syria, according to state TV.EU's Borrell said a nuclear agreement with Iran is very close.US Special Envoy for Iran Malley said he can't be confident that a deal is imminent and said they also thought they were close a few months ago.US Secretary of State Blinken said a return to the JCPOA is the best way to put Iran's nuclear program back in the box and that US commitment to the principle of Iran never acquiring a nuclear weapon is unwavering, while he added the US will continue to stand up to Iran if it threatens the US and its allies.Israeli PM Bennett said that he hopes the US will heed calls against the delisting of the IRGC from its terrorism blacklist, while Israel's Foreign Minister said Israel and the US will continue working together to prevent a nuclear Iran.Two police officers were killed and four people were injured during a shooting attack in Israel's Hadera, which ISIS claimed responsibility for.North Korean leader Kim said North Korea will keep developing formidable striking capabilities and their self-defence force cannot be bartered nor be bought according to KCNA, while it was separately reported that North Korea is to accelerate the restoration of its demolished nuclear test site, according to South Korea press.EUROPEAN TRADEEQUITIESEuropean bourses are firmer, extending on the pre-open futures performance, shrugging off a downbeat APAC handover amid COVID concerns.Sectors are primarily in the green though Tech and Energy names lag amid Apple and crude benchmark action, respectively.Stateside, futures are contained/marginally softer ahead of a quiet schedule and after a mixed close on Friday; NQ, -0.3%, modestly lags amid yield action.Apple (AAPL) intends to make ~20% less iPhone SE's next quarter than was originally planned, via Nikkei; reducing iPhone and AirPods output amid Ukraine war uncertainty. -1.8% in pre-marketTesla (TSLA) is to ask shareholders to vote on more shares for a stock split, according to Bloomberg. +3.6% in pre-marketClick here for more detail.FXBoJ intervenes to curb JGB yield but waves green light to further Yen weakness, USD/JPY breaches barriers from 123.50 all the way up through 125.00 before easing back.DXY tops 99.000 and mid-March high to expose Y-T-D peak as US Treasuries continue to sink and the curve flattens or inverts.Aussie maintains momentum on commodity related grounds, while Kiwi is hampered by less hawkish RBNZ outlook from Westpac; AUD/USD approaches 0.7550, NZD/USD hovers under 0.6950 and AUD/NZD tests 1.0850.Euro underpinned by EUR/JPY cross demand, EUR/USD recovers from sub-1.0950 to get close to 1.1000 at best.Loonie and Nokkie undermined by hefty retreat in WTI and Brent, USD/CAD circa 1.2485 and EUR/NOK around 9.4700.Franc softer after SNB President repeats that nominal value is not the same as real and inflation differentials are impacting moves, USD/CHF circa 0.9350 and EUR/CHF above 1.0250.SNB Chairman Jordan said Swiss inflation is high for Switzerland but low in international comparison, while they will make policy adjustments to keep inflation under control if needed and consider the inflation difference between Switzerland and other countries when deciding on currency interventions. SNB Chairman Jordan added that the nominal value of CHF is different to its real value and businesses can cope with a stronger nominal CHF due to higher inflation abroad. Furthermore, he added that CHF remains highly valued and that they are ready to intervene to prevent it from becoming too strong, while parity with EUR is symbolic but not economically important and they look at all currencies and inflation differences not just at the euro.Japanese Former currency diplomat Sakakibara (aka Mr Yen) says that the current weak JPY benefits the Japanese economy but further advances beyond 130 vs. the USD would cause issues, via Reuters.Click here for more detail.Notable FX Expiries, NY Cut:USD/CAD: 1.2545-55 (1.0BN), 1.2650 (336M)Click here for more detail.FIXED INCOMEBonds buckle again as the bear trend continuesCurves flatter or more inverted amidst a front-loaded and shorter-dated supply scheduleJGBs hold up a bit better as BoJ offers to buy unlimited amounts in defence of its YCT through to month/fy-endClick here for more detail.COMMODITIESWTI and Brent are clipped amid COVID measures from China and progress on the JCPOA; currently, off lows of USD 108.28/bbl and USD 115.32/bbl respectively.Saudi-led coalition said it began an operation to neutralise the targeting of oil facilities with the goal to protect global energy sources from hostile attacks and ensure supply chains, while it carried out airstrikes against sources of threats in Yemeni cities of Sanaa and Hodeidah, according to Al Arabiya.SGH Macro Advisers noted on Friday that Russia is in active talks with Asian partners about the possibility of sending further oil supplies to the Asian market, while SGH Macro understands that China will import at least 10mln tons of Russian oil on top of its original import plan for this year and Beijing sources said the price that Russia offered is equivalent to about USD 70/bbl which is to be settled directly in CNY and RUB.Qatar's Foreign Minister said the conflict in Ukraine and its geopolitical ramifications, is spurring some countries to explore new ways of pricing oil outside of the dollar, according to CNBC.UAE Energy Minister says everyone is saying to raise production, but financial institutions are hesitant to finance many oil/gas projects globally.US, UK and Japanese banks are considering jointly extending USD 1bln in loans to Kuwait Petroleum Corp to help in increasing oil production, according to Nikkei.Spot gold/silver are hampered amid broader price action and as other havens, particularly JPY and core-debt, experience marked weakness.Click here for more detail.NOTABLE EUROPEAN HEADLINESUK PM Johnson is expected to hold discussions with senior cabinet ministers this week regarding plans to address rising bills and bolster the country's energy security, according to The Observer.UK Chancellor Sunak is considering proposals for a new council tax rebate after his Spring statement failed to ease panic in Downing Street regarding the spiralling cost of living crisis, according to Sunday Times.German Chancellor Scholz said the ruling coalition has an agreement on debt brake and tax hikes, while he added that all parties will stick with them.ECB President Lagarde said euro area growth could be as low as 2.4% this year in a severe scenario due to the war and that inflation is expected to decrease and settle at levels around the 2% target in 2024 in all their scenarios, while she also commented that they stand ready to revise the schedule for net asset purchases in terms of size and duration.NOTABLE US HEADLINES:White House Principal Deputy Press Secretary Karine Jean-Pierre tested positive for COVID-19 and last saw President Biden in a socially-distanced meeting on Saturday, but added that the President is not considered a close contact.Click here for the US Early Morning NoteCRYPTOExxon is reportedly utilising excess natural gas to mine Bitcoin.Florida Governor DeSantis said the state should allow businesses to pay tax in crypto.UK is to disclose cryptocurrency regulations proposals in the coming weeks, according to CNBC.APAC TRADEEQUITIESAPAC stocks traded mostly lower with the region cautious heading into month-end and this week's various risk events, while higher yields and a lockdown in Shanghai contributed to the headwinds for risk sentiment.ASX 200 shrugged off weak business confidence and was kept afloat by strength in mining stocks and financials.Nikkei 225 is set to snap its 9-day win streak and tested the 28,000 level to the downside.Hang Seng and Shanghai Comp. were mixed with early weakness in the mainland amid a two-stage lockdown in Shanghai after asymptomatic cases in the city rose to a record high and with data also showing a slowdown in Industrial Profits for February YTD. However, the PBoC's liquidity boost eventually helped stem some of the losses in China, while the Hong Kong benchmark recovered into the green with advances led by Meituan Dianping and Sinopec post-earnings.NOTABLE APAC HEADLINESPBoC injected CNY 150bln via 7-day reverse repos with the rate at 2.10% for a CNY 120bln net injection.PBoC set USD/CNY mid-point at 6.3732 vs exp. 6.3719 (prev. 6.3739)Shanghai announced a four-day lockdown of its financial district and nine other areas, in which it is to lockdown each half of the city in turns for mass COVID testing beginning on Monday after the city reported a new record high of asymptomatic COVID-19 cases.US FCC designated China Telecom Corp and China Mobile International USA as a threat to national security.BoJ offered to buy an unlimited amount of 5yr-10yr JGBs at a fixed rate of 25bps although no one took up the central bank's offer for unlimited 5yr-10yr JGBs. BoJ said it made the offer in light of recent moves in long-term rates and that they need to guide 10yr yield around 0%, while it later announced a second similar operation.BoJ is to conduct bond buying operations for consecutive days; March 29th to 31st, to conduct unlimited fixed-rate purchase operations for 10yr JGBs at a yield of 0.25%.DATA RECAPChinese Industrial Profits YTD YY (Feb) 5.0% (Prev. 34.3%)Australian NAB Quarterly Business Confidence (Q1) 9 (Prev. 18, Rev. 14)

APAC stocks traded mostly lower with the region cautious heading into month-end and following the Shanghai lockdown announcement.The next round of face-to-face talks between Russia and Ukraine will be held in Turkey on March 28th-30th.US President Biden stated that Russian President Putin cannot remain in power; White House official later said Biden was not calling for a change of regime in Russia.European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 future up 0.2% after the cash market closed higher by 0.1% on Friday.DXY climbed back above 99.0, EUR/USD is back on a 1.09 handle, USD/JPY rose above 123.00.Looking ahead, highlights include ASEAN summit, US 2yr and 5yr supply, Speech from BoE Governor Bailey.US TRADEUS stocks finished mixed on Friday with trade choppy as yields surged on hawkish Fed calls.S&P 500 +0.5% at 4,542, Nasdaq 100 -0.1% at 14,754 , Dow Jones +0.4% at 34,861, Russell 2000 +0.1% at 2,077.NOTABLE US HEADLINESWhite House Principal Deputy Press Secretary Karine Jean-Pierre tested positive for COVID-19 and last saw President Biden in a socially-distanced meeting on Saturday, but added that the President is not considered a close contact.GEOPOLITICSRUSSIA-UKRAINENEGOTIATIONS/TALKSUkrainian President Zelensky said he would like an all for all prisoner exchange with Russia and that they have handed over a list to Russia. Zelensky added that they will not sit down for talks with Russia if discussions are about "demilitarisation and some kind of denazification". Zelensky stated that Ukraine is ready to discuss neutrality and non-nuclear status if backed by security guarantees, while he added that a deal is only possible with a troop withdrawal and that he wants a compromise with Russia regarding Donbass.Turkish President Erdogan told Russian President Putin in a call that there needs to be a quick ceasefire with Ukraine and that they need to improve the humanitarian situation in the region, while it was also reported that the next round of face-to-face talks between Russia and Ukraine will be held in Turkey on March 28th-30th.US President Biden said NATO is a defensive alliance and it has never sought Russia's demise and that “swift and punishing” costs are the only things that will influence Russia to change course. Biden added that US forces are in Europe to defend NATO allies, not to engage with Russian forces and stated that Russian President Putin cannot remain in power, although Biden later said that he was not calling for a regime change in Russia.White House official said President Biden was not calling for a change of regime in Russia and the US envoy to NATO also commented that the US does not have a policy of regime change in Russia. In relevant news, a Kremlin spokesman responded that it is not for US President Biden to decide and said the President of Russia is elected by Russians.German Chancellor Scholz said a regime change in Russia is not NATO's goal. Furthermore, Scholz said that Germany is considering purchasing a missile shield.US Secretary of State Blinken said Israeli efforts to mediate on Ukraine-Russia are important and closely coordinated with the US.DEFENCE/MILITARYRussia launched 70 missiles on targets in Ukraine on Saturday which was the largest daily amount since the war began, although reports added only 8 of the 70 missiles reached the target, according to Pravda with most shot down by Ukrainian defence.UK Ministry of Defence said Russia is maintaining a distant blockade of Ukraine's Black Sea coast and effectively isolating Ukraine from maritime trade, while it noted that Russian naval forces are continuing their sporadic missile strikes against targets throughout Ukraine. UK Defence Ministry also said Russia is stepping up attempts to encircle Ukrainian forces directly facing the separatist regions in the east, advancing from the direction of Kharkiv in the north and Mariupol in the south, according to Bloomberg.US is to provide an additional USD 100mln in civilian security assistance to Ukraine, according to the State Department.ENERGY/ECONOMIC SANCTIONSUS is to sanction companies providing technology for Russian military and intelligence services, according to a WSJ report late on Friday.Japanese Finance Minister Suzuki said the government cannot confiscate foreign central banks' reserves parked with the BoJ under current laws, while Chief Cabinet Secretary Matsuno said they will revise FX control laws swiftly to strengthen sanctions against Russia and hope to submit a bill at the current parliamentary session.OTHERIranian Foreign Minister said that France, Germany and UK agree on the text and that the US ‘accepts' it must address some remaining issues, while he also stated that a deal hinges on the US removing the IRGC from the terror list, according to Bloomberg. Furthermore, Iran's Foreign Minister said Tehran welcomes normalisation of ties with Saudi Arabia and is determined to expand cooperation with Syria, according to state TV.EU's Borrell said a nuclear agreement with Iran is very close.US Special Envoy for Iran Malley said he can't be confident that a deal is imminent and said they also thought they were close a few months ago.US Secretary of State Blinken said a return to the JCPOA is the best way to put Iran's nuclear program back in the box and that US commitment to the principle of Iran never acquiring a nuclear weapon is unwavering, while he added the US will continue to stand up to Iran if it threatens the US and its allies.Israeli PM Bennett said that he hopes the US will heed calls against the delisting of the IRGC from its terrorism blacklist, while Israel's Foreign Minister said Israel and the US will continue working together to prevent a nuclear Iran.Two police officers were killed and four people were injured during a shooting attack in Israel's Hadera, which ISIS claimed responsibility for.North Korean leader Kim said North Korea will keep developing formidable striking capabilities and their self-defence force cannot be bartered nor be bought according to KCNA, while it was separately reported that North Korea is to accelerate the restoration of its demolished nuclear test site, according to South Korea press.APAC TRADEEQUITIESAPAC stocks traded mostly lower with the region cautious heading into month-end and this week's various risk events, while higher yields and a lockdown in Shanghai contributed to the headwinds for risk sentiment.ASX 200 shrugged off weak business confidence and was kept afloat by strength in mining stocks and financials.Nikkei 225 is set to snap its 9-day win streak and tested the 28,000 level to the downside.Hang Seng and Shanghai Comp. were mixed with early weakness in the mainland amid a two-stage lockdown in Shanghai after asymptomatic cases in the city rose to a record high and with data also showing a slowdown in Industrial Profits for February YTD. However, the PBoC's liquidity boost eventually helped stem some of the losses in China, while the Hong Kong benchmark recovered into the green with advances led by Meituan Dianping and Sinopec post-earnings.US equity futures were subdued overnight with price action rangebound at the start of a risk-packed week.European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 future up 0.2% after the cash market closed higher by 0.1% on Friday.FXDXY climbed back above the 99.00 level amid the cautious risk tone and the recent hawkish Fed calls.EUR/USD retreated further beneath 1.1000 but eventually found a floor around 1.0950.GBP/USD remained weak with the government expected to consider proposals to address higher costs of living.USD/JPY rose above 123.00 after the BoJ intervened to protect its yield cap.Antipodeans were mixed with underperformance in NZD/USD after Westpac noted that financial markets seem to be overpricing the extent of RBNZ rate hikes during the next couple of years.SNB Chairman Jordan said Swiss inflation is high for Switzerland but low in international comparison, while they will make policy adjustments to keep inflation under control if needed and consider the inflation difference between Switzerland and other countries when deciding on currency interventions. SNB Chairman Jordan added that the nominal value of CHF is different to its real value and businesses can cope with a stronger nominal CHF due to higher inflation abroad. Furthermore, he added that CHF remains highly valued and that they are ready to intervene to prevent it from becoming too strong, while parity with EUR is symbolic but not economically important and they look at all currencies and inflation differences not just at the euro.FIXED INCOME10yr USTs were subdued on hawkish Fed calls, while the 5yr/30yr yield curve inverted for the first time since 2006.Bunds prodded Friday's lows and fell below 158.00.10yr JGBs were lacklustre as the 10yr yield approached the BoJ's yield cap which prompted the BoJ to step in with an offer to buy an unlimited amount of JGBs at a yield of 0.25%, although no one took up the central bank on its offer, while the 10yr yield later reached 0.25% which prompted the BoJ to announce a second special operation for today.COMMODITIESWTI and Brent futures were pressured at the open amid a lockdown in Shanghai and as reports suggested an Iranian nuclear deal is close with Iran's Foreign Minister stating that France, Germany and the UK agreed on the text.US Baker Hughes Rig Count (w/e Mar 25th): Oil +7 at 531, Nat Gas unch. at 137, and Total +7 at 670US officials are considering another US SPR release but nothing has been decided yet, while it could be more than the 30mln bbls released earlier in the month, according to a Reuters source.Saudi-led coalition said it began an operation to neutralise the targeting of oil facilities with the goal to protect global energy sources from hostile attacks and ensure supply chains, while it carried out airstrikes against sources of threats in Yemeni cities of Sanaa and Hodeidah, according to Al Arabiya.SGH Macro Advisers noted on Friday that Russia is in active talks with Asian partners about the possibility of sending further oil supplies to the Asian market, while SGH Macro understands that China will import at least 10mln tons of Russian oil on top of its original import plan for this year and Beijing sources said the price that Russia offered is equivalent to about USD 70/bbl which is to be settled directly in CNY and RUB.Qatar's Foreign Minister said the conflict in Ukraine and its geopolitical ramifications, is spurring some countries to explore new ways of pricing oil outside of the dollar, according to CNBC.US, UK and Japanese banks are considering jointly extending USD 1bln in loans to Kuwait Petroleum Corp to help in increasing oil production, according to Nikkei.Spot gold marginally declined with the precious metal subdued by a firmer greenback.Copper was subdued amid the cautious risk tone.CRYPTOBitcoin took a breather overnight after it gained throughout the weekend and briefly pared all its YTD losses.Exxon is reportedly utilising excess natural gas to mine Bitcoin.Florida Governor DeSantis said the state should allow businesses to pay tax in crypto.UK is to disclose cryptocurrency regulations proposals in the coming weeks, according to CNBC.NOTABLE APAC HEADLINESPBoC injected CNY 150bln via 7-day reverse repos with the rate at 2.10% for a CNY 120bln net injection.PBoC set USD/CNY mid-point at 6.3732 vs exp. 6.3719 (prev. 6.3739)Shanghai announced a four-day lockdown of its financial district and nine other areas, in which it is to lockdown each half of the city by turns for mass COVID testing beginning on Monday after the city reported a new record high of asymptomatic COVID-19 cases.US FCC designated China Telecom Corp and China Mobile International USA as a threat to national security.BoJ offered to buy an unlimited amount of 5yr-10yr JGBs at a fixed rate of 25bps although no one took up the central bank's offer for unlimited 5yr-10yr JGBs. BoJ said it made the offer in light of recent moves in long-term rates and that they need to guide 10yr yield around 0%, while it later announced a second similar operation.DATA RECAPChinese Industrial Profits YTD YY (Feb) 5.0% (Prev. 34.3%)Australian NAB Quarterly Business Confidence (Q1) 9 (Prev. 18, Rev. 14)EUROPENOTABLE EUROPEAN HEADLINESUK PM Johnson is expected to hold discussions with senior cabinet ministers this week regarding plans to address rising bills and bolster the country's energy security, according to The Observer.UK Chancellor Sunak is considering proposals for a new council tax rebate after his Spring statement failed to ease panic in Downing Street regarding the spiralling cost of living crisis, according to Sunday Times.German Chancellor Scholz said the ruling coalition has an agreement on debt brake and tax hikes, while he added that all parties will stick with them.ECB President Lagarde said euro area growth could be as low as 2.4% this year in a severe scenario due to the war and that inflation is expected to decrease and settle at levels around the 2% target in 2024 in all their scenarios, while she also commented that they stand ready to revise the schedule for net asset purchases in terms of size and duration.

O2O, online to offline, är trenden där det pumpats in mer pengar än något annat område. Det här avsnittet är del 2 i berättelsen om hur hela offlinevärlden digitaliseras och skapar både nya techgiganter och konsumentbeteenden. Tillsammans med våra gäster Eva Xiao, Nicholas Young och Tim He tittar vi lite djupare på Meituan-Dianping som börsnoterades med en värdering på över 50 miljarder dollar samt hela O2O-marknaden. På några fåtal år har den kinesiska konsumenten vant sig vid en värld där man kan beställa i stort sett vad som helst närsomhelst och få det levererat till dörren på mindre än en timme. Fysiska butiker och restauranger flätas ihop med digitala beställningar och skapar helt nya beteende-mönster. Men är det komfortabla livet med O2O- appen som levererar på studs via stressade gigarbetare hållbart i längden? Och vad händer med all data som samlas in om användarna - både online och offline? Meituan Dianping - Kinas tredje största företag och frontrunner i O2O-racet - gick nyligen till börsen med en värdering på 40 miljarder dollar. Vissa experter har påpekat att det här bara är ytterligare ett exempel på Kinas uppblåsta techsektor medan andra siar om att det här är företaget som faktiskt lyckats utmana Alibaba.

EP38 China Internet Landscape and Digital Giants Part 33   จากสถิติพบว่าในช่วง 3ปี ระหว่างปี 2013 ถึง 2015 Meituan มีส่วนเกี่ยวข้องในธุรกิจหลายแขนง มากกว่าสิบประเภท ไม่ว่าจะเป็น ภาพยนตร์ การรับประทานอาหารนอกบ้าน การจัดเลี้ยง โรงแรม ตั๋วสถานที่ท่องเที่ยว ครอบครัว งานแต่งงาน และอีคอมเมิร์ซ  และช่วงที่ธุรกิจ O2O เติบโตอย่างคาดไม่ถึง แม้แต่การให้บริการแบบ door-to-door เช่น ทำเล็บ ทำความสะอาด บริการช่างเปิดประตู ล้างและดูแลรถยนต์ ก็ถูกจัดหมวดหมู่ไว้ในนี้ คู่แข่งก็ขยายตัวเช่นกัน  Alibaba ก็วางแผนที่จะชุบชีวิต Koubei.com ด้วยเงิน 6 พันล้านหยวน และไป่ตู้ประกาศว่าจะใช้เงิน 2 หมื่นล้านหยวน ในอีก 3 ปีข้างหน้าเพื่อท้าทายตำแหน่งทางการตลาดของ Meituan ภายในกลางปี 2015 Meituan ก็ประกาศอีกครั้งว่า  ปริมาณธุรกรรม ในครึ่งปีแรกของ 2015 อยู่ที่ 47,000ล้านหยวน ซึ่งเกินยอดปริมาณธุรกรรมทั้งหมดของปี 2014 (ทั้งปี 2014 อยู่ที่ 45,000 ล้านหยวน) Meituan ต้นปี 2015 ได้ระดมทุนไป 700 mill USD Valuation บริษัทตอนนั้นอยู่ที่ 7,000 ล้าน USD ส่วนDianping เองก็ระดมทุนไป 850 ล้าน USD มูลค่าบริษัทอยู่ที่ 4,050 ล้าน USD ซึ่งตอนนั้น Dianping มีMAU อยู่ที่ 190 ล้านบัญชี Meituan ก็มีประมาณ 200 ล้านบัญชี สองบริษัทก็ยังคงเป็นผู้เล่นหลักในตลาดนี้ แต่สำคัญคือ จำนวนเงินทุนที่ถูกเผาไปมากเหลือเกิน อีกทั้งมีผลประโยชน์ทับซ้อนของนักลงทุนหลักอีกด้วย    สุดท้ายข่าวที่ทุกคนรอคอยคือการ Merge กันระหว่าง Meituan กับ Dianping เมื่อวันที่ 8 ตุลาคม 2015  Meituan-Dianping ประกาศการควบรวมกิจการอย่างเป็นทางการ กลายเป็นแพลตฟอร์มสำหรับบริการด้านไลฟ์สไตล์ที่ใหญ่ที่สุดในจีน หลังจากการควบรวมกิจการ โครงสร้างบุคลากรของทั้งสองฝ่ายจะยังคงไม่เปลี่ยนแปลง และแบรนด์และธุรกิจของทั้งสองฝ่ายจะได้รับการดำเนินการอย่างอิสระ ช่วงแรกของการตั้งบริษัทใหม่จะใช้ระบบเป็น CO-CEOการตัดสินใจที่สำคัญจะทำในระดับ CO-CEO  แต่สุดท้ายก็ไปไม่รอดในการคงระบบ CO-CEO เพราะเสือสองตัวอยู่ถ้ำเดียวกันไม่ได้ แล้วยิ่งเป็นคู่แข่งกันมาก่อน ผลลัพธ์จะเป็นอย่างไรต่อ รายละเอียดทั้งหมดติดตามรับฟังได้ใน EP 38

EP37 China Internet Landscape and Digital Giants Part 32 •  Wang Xing เชื่อว่าในปีแรกของอีคอมเมิร์ซแบบดั้งเดิม (Traditional eCommerce) คือปี 1998 แต่สำหรับปี 2010 ถือเป็นปีแรกของการให้บริการอีคอมเมิร์ซของจีน (Service eCommerce) และปี 2012 จะเป็นจุดผกผันใหม่ของ Services ECommerce สำหรับ Meituan •  95% ของธุรกิจแพลตฟอร์มคือบริการ และเป้าหมาย Meituan คือการเป็นองค์กรอีคอมเมิร์ซที่ดีที่สุดในอุตสาหกรรมบริการ •  ดังนั้น Wang Xing จึงวางกลยุทธ์รูปตัว T ( T-shaped strategy) สำหรับแผนงานในอนาคตโดยมี Group-buying อุตสาหกรรมในแนวนอน (horizontal) และแนวดิ่ง (vertical) เช่น ภาพยนตร์และโรงแรม เป็นต้น •  Maoyan Film (猫眼电影) จึงบังเกิดในปี 2012 และถือเป็นก้าวแรกของกลยุทธ์ T-shape •  ในปี 2013 ก็ได้เปิดตัว 美团酒店 (Meituan Hotel) อย่างเป็นทางการ เพราะในขณะเดียวกัน ธุรกิจ Group-buying ของโรงแรมระดับล่างและระดับกลางก็มีการเติบโตอย่างต่อเนื่องแต่ Meituan พบว่าตลาดส่วนนี้เป็นตลาดที่ถูกละเลยโดยแพลตฟอร์ม OTA หลัก (Ctrip/Qunar) •  Wang Xing รู้สึกว่าในปี 2013 Group buying (团购) จะไม่ได้รับความสนใจมากนัก ไม่ใช่เพราะมันไม่สำคัญ แต่เป็นเพราะมันเป็นเรื่องธรรมดามาก และได้กลายเป็นส่วนหนึ่งของการบริโภคตามปกติมากขึ้นเรื่อยๆ  • นอกจากนี้ การเข้าใจ local needs ของ user ถึงความสะดวกสบายของการมี application แบบครบวงจร (综合应用) มากกว่าการมี application แยก (独立应用)  เป็นจุดสำคัญมากในการกำเนิดเป็น SuperAppในประเทศจีน • ในเวลานั้นนายทุนใหญ่ที่อยู่เบื้องหลัง Meituan ส่วนใหญ่เป็น Alibaba, Tencent, Sequoia, Boyu Capital เป็นต้น และนักลงทุนของ Dianping ได้แก่ Alibaba, Tencent, Sequoia, TRUST และ Capital Today •  เมื่อมองในระดับผู้ถือหุ้นด้วยกันนั้น ทั้งสองบริษัทมีนักลงทุนผู้ถือหุ้นทับซ้อนกัน และประกอบกับสถานการณ์ปัจจุบันของการเผาเงินอย่างมหาศาลของ Meituan •  ดังนั้นเหตุการณ์ต่อมาจึงเกิดขึ้น นั่นคือ การคลุมถุงชน (ควบรวมกิจการ) ระหว่าง Meituan – Dianping จนกลายมาเป็น Meituan Dianping ในปี 2015 • รายละเอียดทั้งหมดติดตามรับฟังได้ใน EP 37

Michelle Martin and Derick Tan, Founder of Timing and You use cyclical analysis to analyse the 5 technical charts of Meituan Dianping, the Dow Jones Industrial Average and Dow ETFs, DOG - Pro shares and Bitcoin. See omnystudio.com/listener for privacy information.

This week's episode looks at a Tang Dynasty Poem that cost Meituan Dianping, one of China's unicorn internet companies, 26 Billion dollars off its market capitalization. In this episode, we take a look at the Zhang Jie's "Book Burning Pit" and explore the full story behind the poem that the media is not explaining.

We dive into the history behind Meituan, the juggernaut Chinese "super-app" which dominates China's services economy, offering consumers everything from food delivery, restaurant reviews, travel booking, bike-sharing, movie ticketing, and countless other entertainment and lifestyle services all at the touch of a button. Already China's 3rd largest tech company by market cap (behind just Tencent and Alibaba), Meituan did $15 billion in net revenue in FY2019 and continues to grow rapidly. What makes it so special, and how were they able to become the market leader in such a competitive space? This story is packed with lessons that apply equally beyond China tech to high-growth company building and investing everywhere. If you love Acquired and want more, join our LP Community for access to over 50 LP-only episodes, monthly Zoom calls, and live access for big events like emergency pods and book club discussions with authors. We can't wait to see you there. Join here at: https://acquired.fm/lp/ Sponsors: Thanks to Tiny for being our presenting sponsor for all of Acquired Season 8. Tiny is building the "Berkshire Hathaway of the internet" — if you own a wonderful internet business that you want to sell, or know someone who does, you should get in touch with them. Unlike traditional buyers, they commit to quick, simple diligence, a 30-day or less process, and will leave your business to do its thing for the long term. You can learn more about Tiny here: http://bit.ly/acquiredtiny Thank you as well to Vouch and to Capchase. You can learn more about them at: https://bit.ly/acquired-vouch http://bit.ly/acquiredcapchase The Meituan Playbook: (also available on our website at https://www.acquired.fm/episodes/meituan ) 1. Adding product offerings (post initial product-market fit) isn't losing focus. It's smart business. A huge part of Meituan's success and longterm defensibility versus its literally thousands of past competitors is its ability to cross-sell customers across many different product lines. Meituan can afford to spend much more on acquiring and retaining a new user who'll end up purchasing food delivery, groceries, hotels, travel and more through the platform vs. standalone competitors in each vertical. Most western companies woefully misunderstand this dynamic. (Amazon being a notable exception) Meituan enjoys an average of 26 transactions per user per year (vs e.g. Airbnb users which book an average of 0.5 transactions/year). With each additional offering, Meituan increases the number of revenue streams it can amortize its CAC over, while also offering superior experiences to customers. Key to making this strategy work is having the discipline to follow the same playbook as any startup: launch new initiatives quickly, test and improve based on real customer feedback, don't let perfect be the enemy of shipped, and kill what's not working and move on. Meituan and Amazon's new initiatives often lack polish — but they either quickly bring in $billions of revenue, or they die and the company goes on to the next one. Again with few exceptions, western tech companies completely misunderstand how to execute this playbook effectively. 2. When you spot a market that's both large and growing fast — ride that wave!! Chinese e-commerce was a 20% saturation industry in 2017 and still growing nicely. However real world services was only 5% online, and poised to grow even faster. Staying nimble to capitalize on this online to offline (or "O2O") trend allowed Meituan to accelerate while Alibaba was caught flat-footed. Today Meituan (along with its fellow Tencent portfolio company Pinduoduo) represents probably the biggest threat Alibaba has faced in its entire history. 3. Many still don't realize what a powerful moat (trusted) reviews provide in online platforms. Once it merged with Dianping, review data became Meituan's biggest competitive advantage vs other food delivery (and other product line) competitors. A deep database of reviews creates an incredible barrier to entry: any competitor can standup a set of listings, but without trusted reviews those listings are just "flat". This same dynamic helped Airbnb successfully defend against European clones early in its life. 4. Old news, but always worth repeating: the days of China simply cloning American tech companies are long gone. Today it's China, not the US, that's leading innovation on mobile and the internet more broadly across many categories. Ironically, Meituan's founder Wang Xing started his career as perhaps China's top Web 2.0 company cloner, and Meituan itself began as a Groupon knockoff. But to say the the tables have turned today is a massiveunderstatement, haha. 5. Meituan capitalized on the secular trend of China's growing middle class and mobile-first economy. Meituan's growth followed the growth of China's middle class. They were able to capitalize on the emergence of Tier 2 and 3 cities that provided newly addressable populations. Meituan was smart to pay attention to these non-Tier 1 cities from the very beginning. Founder Wang Xing realized that smaller cities where people were beginning to access the internet via mobile phones and internet cafes were a good fit for their initial group-discount platform. Links: Meituan's English language walkthrough video: https://www.youtube.com/watch?v=5wxgQVjDviQ The Tech Buzz China podcast: https://www.techbuzzchina.com GGV's Evolving for the Next Billion podcast: https://nextbn.ggvc.com/podcasts/ Bernard Leong's Analyse Asia: https://analyse.asia Carve Outs: Extraterrestrial: https://www.amazon.com/Extraterrestrial-First-Intelligent-Beyond-Earth-ebook/dp/B081TTY4NX/ John Luttig's newsletter: https://luttig.substack.com Episode Sources: Episode 258: Meituan Dianping with Liza Lin - Analyse Asia http://meituan.todayir.com/attachment/20180907112826231236667_en.pdf http://meituan.todayir.com/attachment/2020041708160280279238680_en.pdf http://www.yawenlei.com/uploads/4/4/3/4/44340649/asr_lei.pdf http://www.yourtechstory.com/2019/04/06/wang-xing-chinese-billionaire-businessman-founder-meituan/ https://about.meituan.com/en https://analyse.asia/2018/07/28/episode-258-meituan-dianping-with-liza-lin/ 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https://secure.fundsupermart.com/fsm/article/view/rcms204700/meituan-dianping-the-undisputed-king-of-china-s-45-billion-dollar-online-food-delivery-industry https://seekingalpha.com/instablog/49925729-dongtalk/5288005-three-campaigns-of-meituan-dianping-in-2018 https://techcrunch.com/2015/01/19/meituan-700m/?_ga=2.56564267.1010056541.1614018328-150822071.1609868284 https://techcrunch.com/2015/06/30/baidu-offline-to-online-20-billion-cny/?_ga=2.59578797.1010056541.1614018328-150822071.1609868284 https://techcrunch.com/2015/10/08/meituan-and-dianping-chinas-top-group-deals-sites-merge-in-multi-billion-dollar-deal/ https://thehustle.co/01272021-bytedance-valuation/#:~:text=ByteDance is currently valued at,%24800B) https://venturebeat.com/2008/05/26/chinese-local-review-site-dianping-a-lot-more-than-a-yelp-for-china/ https://web.archive.org/web/20170615042020/http://www.fox14tv.com/story/35003690/meituan-dianping-becomes-the-first-worldwide-on-demand-delivery-platform-to-process-more-than-10-million-orders-and-deliveries-per-day https://www.caixinglobal.com/2017-02-22/video-of-brawling-deliverymen-sets-chinese-internet-abuzz-101057682.html https://www.forbes.com/global/2011/0509/companies-wang-xing-china-groupon-friendster-cloner.html?sh=517b2d5955a6 https://www.ft.com/content/05686da9-60f8-4a3a-a5c5-95155bd01ffe https://www.marketwatch.com/story/alibaba-raises-11-billion-in-hong-kong-secondary-listing-2019-11-20 https://www.statista.com/statistics/1155778/china-number-of-wechat-mini-program-daily-active-users/ https://www.techbuzzchina.com/episodes/ep-10-meituan-the-super-app-that-won-against-a-thousand-clones https://www.techbuzzchina.com/episodes/ep-25-the-o2o-local-services-war-alibaba-vs-meituan-part-1-eleme https://www.techbuzzchina.com/episodes/ep-26-the-o2o-local-services-war-alibaba-vs-meituan-part-2-koubei https://www.techinasia.com/5000-group-buy-sites-in-china-but-no-ones-making-money https://www.techinasia.com/china-online-food-ordering-startup-eleme-raises-80-million-dollars https://www.techinasia.com/chinas-successful-founders-afraid-copycat https://www.theworldofchinese.com/2017/08/wheel-life-china-the-fast-and-the-furious/ https://www.wsj.com/articles/BL-MBB-58175 https://www.wsj.com/articles/chinas-dianping-valued-at-4-billion-1427962959 https://www.wsj.com/articles/chinas-meituan-dianping-files-for-ipo-reveals-loss-of-nearly-3-billion-in-2017-1529895226 https://www.wsj.com/articles/chinas-meituan-dianping-raises-3-3-billion-in-biggest-startup-round-ever-1453211614?mod=article_inline https://www.wsj.com/articles/chinese-app-meituan-raises-4-2-billion-in-ipo-1536819691 https://www.wsj.com/articles/chinese-startups-meituan-com-and-dianping-near-multibillion-dollar-merger-1444188561 https://www.wsj.com/articles/investors-gain-billions-from-chinese-tech-ipo-1538041120 https://www.wsj.com/articles/investors-including-tencent-priceline-pump-4-billion-into-online-lifestyle-platform-1508413127 https://www.wsj.com/articles/offering-discounts-and-delivery-meituan-wants-to-become-chinas-next-internet-giant-1529578801 https://www.youtube.com/watch?v=5wxgQVjDviQ https://www.youtube.com/watch?v=ruyCPdUz1J0 https://youtu.be/IgDeiGpmXaQ https://youtu.be/z9NI-UAZDvw

Hayman Capital's founder and CIO Kyle Bass welcomes forensic accountant and Behind the Balance Sheet's founder Stephen Clapham to break down the accounting irregularities peppered throughout the regulatory filings of China’s biggest tech companies. Sharing insights from his proprietary research report on Alibaba, Baidu, JD.com, Meituan Dianping, and Tencent, Clapham shines a light on the ways these companies are using loopholes in order to inflate profits, hide liabilities, and mask the capitalization of questionable assets. Bass frames Clapham's findings through the lens of notable balance sheet disasters and downright frauds, and they explore the jurisdictional risk of investing in Chinese companies in general. Lastly, Bass asks Clapham about his latest book, "The Smart Money Method: How to Pick Stocks Like A Hedge Fund Pro". Key Learnings: Hidden risks lurk within corporate balance sheets, even those of the world’s largest tech companies. Stephen Clapham and Kyle Bass show viewers how to spot those risks before they can inflict major damage to your portfolio. Recorded on November 18, 2020 Learn more about your ad choices. Visit megaphone.fm/adchoices

John Saunders spent more than two decades as a Wall Street Senior Vice President, sales team leader, and award winning sales executive. He followed his passion for helping others grow and founded a coaching and consulting company, Forward Advisory Solutions. Additionally, Saunders is a member of Georgetown McDonough's MBA Alumni Advisory Council, an active angel investor and a formal Executive MBA mentor In The Optimizer, Saunders asserts that we should celebrate and learn from failures instead of condemning them. The book reveals how innovation, albeit frightening, is necessary in today's business world. Developing a team of serial optimizers who seek constant incremental improvement can be just the strategy to drive growth and ingenuity within your team. This book's approach to innovation highlights the importance of managing the emotional hurdles that come when facing change. How innovation has evolved over time and its inextricable link with effective leadership. How to develop trust in order to build and lead a team of serial optimizers, ultimately engaging everyone in your mission to grow and deliver your purpose. About The Motley Fool, Microsoft, a public school principal, the largest food delivery company in the world: Meituan Dianping, and many more who have successfully optimized their organizations. Learn more about your ad choices. Visit megaphone.fm/adchoices

Lumost'un 32. bölümünde konuğumuz, 225 milyar $’lık piyasa değeriyle, Alibaba ve Tencent’in ardından Çin’in halka açık en değerli üçüncü şirketi Meituan Dianping. Pandeminin başladığı mart ayından bu yana, piyasa değeri yaklaşık 3 kat artmış bir şirket Meituan Dianping . Son 1 yıl içinde işlem yapan farklı kullanıcısı sayısı 450 milyondan fazla. Bu kullanıcıların ortalama sistemden aldığı servis sayısı ise 25. Platformunda 6,3 milyondan fazla aktif satıcı bulunuyor. Şirket, Çin'de 2.800'den fazla şehir ve bölgede faaliyet gösteriyor. Bu rakamlar karşımızda korkutucu bir devin olduğunu anlatmak adına yeterli muhtemelen. Bu bölümde önce Meituan’ın kurucusu Wang Xing’in hikayesine bakacağız. Meituan öncesi Amerika’dan başarılı olan girişim fikirlerini nasıl Çin’e uyarladığını konuşacağız. Çin’in Yelp’i Dianping ile Meituan’ın birleşmesinin her ikisi için neden bu kadar önemli olduğunu çözümleyeceğiz. Bölümün ikinci kısmında Meituan Dianping için söylenen hizmet sektörünün Amazon’u tanımını açacağız. Meituan Dianping’in gelirlerinin yaklaşık %60’ını oluşturan yemek dağıtım işinde, Dünya’daki benzerlerine göre neyi farklı yaptığını anlamaya çalışacağız. Bölümün son kısmında ise Meituan Dianping’in farklı hizmetleri teker teker platformuna nasıl dahil ettiğine bakacağız. Şirketin gelecek adına taşıdığı riskleri ve buna karşılık sahip olduğu avantajları konuşarak podcast’i kapatacağız.Meituan uygulamasının nasıl çalıştığını anlamak için bu videoyu, şirketin nasıl çalıştığını anlamak için de bu videoyu izleyebilirsiniz.Serinin genelinde ise Çin Teknoloji Dünyası ya da Çin’in devlet politikası üzerine yazılmış 6 kitaptan yararlandım. Bunlar, Rebecca Fannin’in “Tech Titans of China” ve “Silicon Dragon” isimli kitapları, Edward Tse’nin “China’s Disruptors” isimli kitabı, Kai-Fu Lee’nin “AI Super-Powers” isimli kitabı, Elizabeth Economy’nin “The Third Revolution” isimli kitabı ve son olarak da Amy Webb’in “The Big Nine” isimli kitabı. Yine her zaman olduğu gibi podcast’ler ve bloglar da yol gösterici oldu. “Technode” ve “Tech in Asia” da üretilen değerli içeriklerden yararlandım. “Tech Buzz China”, “Inside China Tech”, “Beyond the Valley”, “996” ve “Acquired” da Çin üzerine çok şey öğrendiğim Podcast’ler oldu.

In episode 334, Matthew Brennan returned to discuss his new book "Attention Factory: The Story of Tik Tok & China's ByteDance". Matthew began with the inspiration and the key themes behind the first English book specifically focused on ByteDance, observing the rise of the company. He discuss the backstory of Zhang Yiming, founder of ByteDance and how he learned from his past experiences to build Toutiao first before embarking on Douyin that eventually led to Tik Tok. Last but not least, Matthew debunked the common misconceptions on Tik Tok and ByteDance, explained how their business models work and offered a glimpse to the challenges ahead for the company in the near future. Here are the interesting show notes and links to the discussion: Matthew Brennan, Co-founder of China Channel and author of “ (chinachannel.co, @mbrennanchina , Linkedin, Wechat:Yowdy-CQ) As the highest recurring guest on the podcast, it’s great to welcome you back. First question: what have you been up to since our last conversation? “Attention Factory - The Story of Tik Tok and China’s ByteDance” by Matthew Brennan What is the inspiration behind writing this book? What are the key themes for this book? Who are the major audiences that you want to target in this book? Tik Tok and ByteDance are often characterized by Western commentators and media as a threat to Facebook, Twitter and even to the US government itself. What are the key misconceptions about Tik Tok and ByteDance?  Probably this is the first book which dives in depth into the background of Zhang Yiming, the founder of Bytedance, and the surprise is that he used to work for China’s twitter clone, Fanfou (started by Wang Xing, now founder and CEO of Meituan-Dianping) and was shut down by the authorities. Can you elaborate more on his background and his stint as a CEO with another startup called 99Fang before coming to ByteDance? What has 99Fang taught Zhang Yiming in the process? After he resigned from 99Fang, he started ByteDance and it was not with Tik Tok that he started his foray. He did Toutiao, can you talk about the design concepts and what Toutiao taught the ByteDance team? One can think of the success of Tik Tok in three stages: Douyin in China, acquisition of Musical.ly and then expanding globally across the decade of 2010 to 2020. Let’s start with Douyin first, how did the app cross the chasm to drive users? Tencent has tried to challenge Douyin on the homeground with Weishi, what did they get wrong and why have they failed to challenge Tik Tok?  What are the key business models for Tik Tok and Douyin from ByteDance? How does the app bring revenues to the company? How are the apps localized or globalized to ensure a better user experience?  There are different ways to look at Tik Tok. One interesting insight was from Eugene Wei’s recent article “Tik Tok and the Sorting Hat”, where Tik Tok does not need the social graph but rather rely on the recommendation engine algorithm to push the interests of the user, which makes Tik Tok a more direct competitor to Youtube. What are your thoughts on how one should think of Tik Tok as a mobile app or social network or video network? Probably, we should talk about what happened to Tik Tok in the US this year. They have hired Kevin Mayer, former head of Disney+ and then Donald Trump threatened to shut them down, and first there was supposed to be an acquisition from Microsoft, but ended up with Oracle and Walmart clinching a partnership deal. Can you share your thoughts on what happened and where this is likely to go before & after the US elections? What are the key challenges you see for ByteDance in the coming year? Closing Do you have any recommendations that have recently inspired you? Where can our audience find you and your new book “Attention Factory”? Podcast Information: RSS Feed Apple Podcasts Himalaya Spotify Libsyn Google Play Overcast FM SoundCloud Luminary Twitter Facebook Video Facebook Page Linkedin Stitcher Castbox RadioPublic Acast PodBean ListenNotes TuneIn The show is hosted and produced by Carol Yin (@CarolYujiaYin) and originally created by Bernard Leong (@bernardleong, Linkedin). Sound credits for the intro music: Taro Iwashiro, "The Beginning" from Red Cliff Soundtrack. analyseasia · Attention Factory: The Story of Tik Tok & China’s ByteDance with Matthew Brennan

What can we expect of China in the future? Many economists, CEOs, politicians, and commentators have been pondering this question. This is an interesting subject, particularly in relation to digital products, which have become China’s strong point. What is the economic prognosis for Chinese digital companies? What will future bring to Huawei? Can the Middle Kingdom become self-sufficient as a manufacturer of semiconductors? How will the future of the Chinese digital transformation look like? What changes can be expected in the global supply chain and will China loose in this transformation? Gordon Orr, who has been working with and advising numerous companies, including McKinsey & Company, Lenovo, Meituan Dianping, and EQT, will answer these questions during an upcoming ChinaTalk webinar. The meeting will be hosted by Associate Professor Marcin Jacoby, Head of the Department of Asian Studies at SWPS University, and Zbigniew Niesobędzki, Ph.D., President of the Polish Chinese Business Council - a partner of the ChinaTalk series. About „ChinaTalk” series ChinaTalk is a series of interviews with leading global experts on China and East Asia, produced jointly by the Polish Chinese Business Council (PCBC) and SWPS University. Interviews are hosted by PCBC President, Mr. Zbigniew Niesiobędzki, and Professor Marcin Jacoby, Head of the Department of Asian Studies at SWPS University. ChinaTalk brings you the latest knowledge on the economy, social issues, management, and politics of China and East Asia. Our guest interpret the current developments and trends in the Chinese economy, and predict global, regional and bilateral outcomes of political decisions. Chinese relations with the European Union, and Poland in particular, constitute an important context of these discussions. The expert insights provide valuable input for business practitioners, analysts, as well as researchers and students interested in macroeconomics and global trade. Gordon Orr A Non-Executive Director of Hong Kong listed Meituan Dianping, Lenovo, and Swire Pacific and of Stockholm listed EQT. He is also a Non-Executive Director of several privately held China and UK based tech companies. Beyond these formal roles, he provides counsel to a small number of China focused entrepreneurs. Gordon began his career at McKinsey in London. He moved to Hong Kong in 1993 and to Beijing a year later, opening McKinsey’s practice in China. Gordon led McKinsey’s Greater China practice for many years and was Chairman of McKinsey Asia from 2009 to 2014. He was on McKinsey’s global board of directors from 2003 to 2015 with responsibilities for Asia, Governance and Risk. He retired from McKinsey in 2015 and is now a Senior Advisor. Additionally, Gordon Orr is Vice Chair of the China Britain Business Council, Senior Advisor to Chatham House on China and an Associate of the Oxford University China Centre. Gordon writes regularly on China topics, mainly on LinkedIn, where he has more than 1.7 million followers. Prof. Marcin Jacoby Sinologist, translator, expert on socio-political processes in East Asia, particularly China and Republic of Korea. He is also Head of the Department of Asian Studies at SWPS University, where he teaches literature, art, and cultural diplomacy in China and East Asian. Zbigniew Niesiobędzki, Ph.D. Economist with a career associated with investment funds. Over the years, he worked for Deloitte, and served as board member and member of supervisory boards of many companies in the telecommunications, construction, and furniture sectors. Currently, he is President of the Polish Chinese Business Council.

หวางซิง ผู้ร่วมก่อตั้งของ Meituan Dianping ให้เครดิตกับความสำเร็จของ Facebook ในสหรัฐฯมากกว่าทศวรรษที่ผ่านมา เพราะถือเป็นแรงบันดาลใจที่สำคัญให้เขาเลิกเรียนระดับบัณฑิตศึกษาและหันมาสร้างธุรกิจในประเทศจีน ซึ่งตอนนี้ได้ทำให้บริษัทของเขาอย่าง Meituan Dianping กลายมาเป็นผู้นำในแพลตฟอร์มอีคอมเมิร์ซสำหรับงานด้านบริการในจีนอยู่ในขณะนี้ เลือกฟังกันได้เลยนะครับ อย่าลืมกด Follow ติดตาม PodCast ช่อง Geek Forever’s Podcast ของผมกันด้วยนะครับ =========================ติดตาม ด.ดล Blog ผ่าน Line OA เพียงคลิก :http://line.me/ti/p/~@tharadhol =========================ช่องทางติดตาม ด.ดล Blog เพิ่มเติมได้ที่Fanpage : www.facebook.com/tharadhol.blogBlockdit : www.blockdit.com/tharadhol.blogTwitter : www.twitter.com/tharadholInstragram : instragram.com/tharadholTikTok : tiktok.com/@tharadhol.blogLinkedin : www.linkedin.com/in/tharadholWebsite : www.tharadhol.com

 In today’s episode: viral article highlights the plight of delivery drivers working for the likes of Meituan-Dianping and Ele.me; Impossible Foods’ long wait to tuck into the Chinese market; and more state-owned enterprises are turning to cloud computing as the U.S. gets tough on Chinese tech players. SPECIAL OFFER: Great News! Caixin Podcast listeners can now enjoy a 7-day complimentary access pass to caixinglobal.com and Caixin app. This is a limited-time offer. Get your pass by heading to: https://www.caixinglobal.com/institutional-activity/?code=J3XVJC

August 7, 2020: Learning from a series of episodes from the Tech Buzz China Podcast to learn about Tencent, BABA, Meituan Dianping and Bytedance. Expanding the depth (lack thereof) of my knowledge of the Chinese tech landscape from "1mm to 5cm”. Then, I get some perspective on the Big Tech hearings from Ben Thompson's Stratechery summary.    Find detailed notes of the episode on omdventures.com/omddaily Support the podcast by donating at omdventures.com/stakeholder Music by icons8.com

Overview: Today we’re going to talk about OPay - The African Payments startup, we’ll discuss its early history, initial focus on African payments, blitzscale attempt to become Africa’s Super App & OPay's future outlook. This episode was recorded on August 9, 2020 Companies discussed: Opera Group, OPay (Opera Pay), OCar, OFood, ORide, OExpress, OBus, OTrike, Beijing Kunlun, Meituan Dianping, Tencent (WeChat), Go-Jek, Grab, Jumia (Jumia Pay), AliPay & GTBank. Business concepts discussed: Blitzscaling, Super App strategy, Equity fundraising, Venture Capital (VC) / Entrepreneur risk dynamics, China Tech, Fintech, Betting Technology & Chinese investments in Africa tech. Conversation highlights: (00:40) - Why the OPay story is important (02:39) - Background on Opera and market share in Africa (05:24) - Background on Zhou Yahui and Beijing Kunlun Opera acquisition (08:25) - OPay fundraising (12:40) - OPay Blitzscaling approach, trade offs and other examples (23:15) - Super App strategy discussion: Great and not-yet great examples (32:30) - OPay in Nigeria and multiple business lines (37:22) - OPay refocusing on Fintech and reacting to COVID (43:30) - Bankole’s overall thoughts and outlook (49:00) - Olumide’s overall thoughts and outlook (54:30) - Bankole’s recommendations and small wins (56:07) - Olumide’s recommendations and small wins Olumide’s recommendations & small wins: Recommendation: How Innovation Works (by Matt Ridley) Small win: Good to be back in the gym after 5 months Other content mentioned: Blitzfail: How Not to Go off the Rails (by David Sacks) Bankole’s recommendations & small wins: Recommendation: The Worst Epidemic (from Waking Up Podcast by Sam Harris) Small win: Eloquent Chrome extension Other content mentioned: GTBank Habari - customer review We’d love to hear from you. If you have feedback, topics you’d like to hear, or just want to say hello, please email info@afrobility.com Join our insider mailing list where we get feedback on new episodes & find all episodes at Afrobility.com

Der grösste Lieferservice der Welt: Analyse Meituan Dianping Aktie - Buchungsapp für lokale Services

Robert talks about his China immersion. How he built and scaled Airbnb China and shares his views and frameworks on building a venture in China. Why and How to China. The One Percent Project are conversations that will help you understand how some of the smartest minds build, scale and implement new ideas and ventures. About Robert: My very first guest on The One Percent Project is my ex-colleague, Robert Hao, Co-Founder & COO, HYPE Asia. HYPE is a venture builder that helps startups demystify, unlock, and succeed in Asia. Presently, Robert is heading the expansion of Goat into China. Goat is the world's largest sneakers marketplace. In 2012, he helped form the Asia landing team to expand Airbnb into the APAC region. From 2013-2017, Robert relocated to Beijing to start Airbnb China business, where he led Business Operations & Strategy and Host Community Operations and grew the China team to two hundred strong. Our Conversation: In this conversation with Robert, we speak about the Chinese tech ecosystem evolution and the frameworks to succeed in China. Airbnb growth in China the initial trends and indicators Chinese Vs Western consumers how their consumption and spending patterns differ What made Goat decide to enter China How TikTok became a global sensation How a late entrant Chinese tech startup Meituan Dianping emerged as a super-app while competing against the Chinese tech giants: Alibaba, Tencent, Baidu Chinese technology trends in the next 10 years Quick Fire Questions: Favorite Book/ Blog: The Name of the Wind Hardest Thing about your job: Effective communication What Do I Know Now That I Didn't Know When I Started: Startups really need to get back to basics and build their foundation around monetization and profitability instead of only focusing solely on the hockey-stick growth story. A Recent Startup that has got your attention: Thras.io

Foodpanda is one of the leading food delivery brands in Southeast Asia but how does it compare with the likes of Just Eat Takeaway, Meituan Dianping, and UberEats? We talk about Foodpanda's origin story, growth, and acquisition.  Watch the video version of this episode by subscribing to our YouTube channel Facebook - facebook.com/brandoriginsfm Twitter - @brandoriginsfm Email - contact.partizan@gmail.com This episode is made possible by Partizan

In episode 329, Jon Russell, editor of The Ken Southeast Asia, joined us in a conversation to discuss the continuing epic rivalry between Gojek and Grab in the era of COVID-19 pandemic. Starting from the perspective of Gojek, we discuss the impact and changes made after the founder's departure and how they are re-organizing to tackle Grab's onslaught in Indonesia and expanding out to other parts of Southeast Asia from Indonesia. With new investments from US tech giants, Facebook and Paypal, we discuss how Gojek is shaping itself to be a worthy rival against Grab backed by SoftBank and Alibaba in Southeast Asia. Last but not least, Jon discuss why the media streaming giants of Southeast Asia, HOOQ & iFlix failed to take on Netflix and the key takeaways for unicorn start-ups in the era of COVID-19 pandemic. Here are the interesting show notes and links to the discussion: Jon Russell (@jonrussell, LinkedIn, Newsletter, Personal Site, The Ken Profile) Since we have last spoken, you have moved out of TechCrunch and now joined The Ken. Can you talk about The Ken and what is your new role there? Grab vs Gojek in 2020 Let’s start from Gojek, a lot of things have happened. Their founder and former CEO, Nadiem Makarim has left the company and become a Minister of Education & Culture under President Jokowi’s cabinet in Indonesia. What’s the impact on Gojek after his departure? (Ref: Up for Grab? Gojek after Nadiem Makarim) They have started the expansion to Southeast Asia last year but it has not grown very well. (Ref: Gojek’s stunted SE Asia expansion story), can you talk about their challenges in expanding out of Indonesia while dealing with Grab who is competing in their backyard? That being said, they have been doing well on the fundraising front: Gojek has been invested by Facebook and Paypal (Source: CNBC).  What are the implications to Gojek as Google, Paypal and Facebook are lining up against Grab? (Ref: Facebook, PayPal’s payments play a super app-ortunity for Gojek) The US tech giants are in Indonesia just as the Chinese tech giants, for example, Meituan-Dianping which is a super app entering the market. What can Gojek and Grab learn from Meituan-Dianping? (Ref: The Gojek-Grab SE Asia super app battle with a Meituan twist) What is the impact of COVID-19 on Grab and Gojek? Both Gojek and Grab have done layoffs in the past month. How do you look at the approaches from both companies? (Grab CEO’s memo, Gojek’s layoffs) SoftBank has been taking a hit from Wework and Oyo. What is the downstream impact to Grab based on the current troubles in the Vision Fund? Is the race to dominate Southeast Asia going down to whether Grab or Gojek wins Indonesia and not the other countries (Vietnam, Thailand, Philippines and Malaysia, Singapore)?  What will the key battleground for Grab and Gojek in the coming 2021?  Impact of COVID-19 to Southeast Asia  You have written a lot of media streaming companies similar to Netflix, for example HOOQ from Singapore and iFlix from Malaysia. The COVID-19 pandemic have led to HOOQ being shut down and iFlix being acquired from Tencent. What are the key learnings from HOOQ’s downfall and iFlix’s acquisition?  What are the key takeaways from the COVID pandemic for Southeast Asia? (Ref: 7 takeaways from Covid-time digital winners and losers in Southeast Asia) Closing Can you recommend a book or movie or podcast or anything which recently made an impact to your work and personal life? Jon's recommendation: Sarah Frier, "No Filter: The Inside Story of Instagram" How do my audience find you?  Podcast Information: RSS Feed Apple Podcasts Himalaya Spotify Libsyn Google Play Overcast FM SoundCloud Luminary Twitter Facebook Video Facebook Page Linkedin Stitcher Castbox RadioPublic Acast PodBean ListenNotes TuneIn The show is hosted and produced by Carol Yin (@CarolYujiaYin) and originally created by Bernard Leong (@bernardleong, Linkedin). Sound credits for the intro music: Taro Iwashiro, "The Beginning" from Red Cliff Soundtrack. analyseasia · Gojek vs Grab in Southeast Asia 2020 Edition with Jon Russell

Welcome to East West Hurricane! 🌪We update you on the most essential news from Asia in tech, media, and business—the things you need to know that you probably haven’t heard in Western media.Follow us on Twitter and Instagram! ⚡️TikTok Begins Move Out of Hong Kong 🇭🇰 Many tech companies have responded to the Chinese government’s imposition of a new, controversial national security law in Hong Kong that officially came into effect last week. Facebook, Google, Twitter, and Zoom have all stated that they will refuse processing user data requests for the Hong Kong police, pending a deeper review on the new law. But the most notable news has come from TikTok, who publicly announced that Hong Kong users will no longer be able to access the app within a few days.This is a complicated situation that needs unpacking. TikTok is owned by a Chinese company called Bytedance, with its global headquarters in Beijing. Bytedance owns another mobile app Douyin, that is ‘essentially’ a Chinese version of TikTok. Or depending how you look at it, TikTok is the international version of Douyin since it is a younger app and was the result of Bytedance acquiring the app Musical.ly in 2017. People in Hong Kong use both TikTok and Douyin and Hong Kong users should still be able to access Douyin from now on.It’s unclear to me how exactly this all works, but Bytedance finds itself in a very nuanced position owning both Douyin and TikTok. The parent company has made efforts to separate the two entities and hiring an American CEO for TikTok, Kevin Mayer, has been a big move to indicate their seriousness. With the overall movement towards regulation of social media by governments around the world, it’s in the best interests of Bytedance to ensure Douyin and TikTok are separate.Netflix to Launch First Chinese Production 🎬Netflix is working with China’s Pearl Studio to release an animated Chinese musical film later this year called “Over the Moon.” It will tell the story of a young girl who dreams of traveling to the moon to meet the Chinese goddess of the moon. Pearl Studio co-produced Kung Fu Panda 3 and was created as a Chinese-American joint venture in 2012 with Dreamworks. This is Netflix’s very first big Chinese production, even though Netflix is not available in China. Netflix has been making significant efforts to internationalise their content in order to better appeal to their international audiences, particularly around Asia. Another example is their major push into India last year that included aggressive discounts and local Indian content like Sacred Games. In following the eyeballs of their audience, Netflix is realising that their biggest growth opportunity comes from Asia.Indian Startup Zomato is Cut Off From Chinese Investors 🏦Zomato is a $3 Billion Indian food delivery startup that raised $150 Million in funding earlier this year from Ant Financial, the Chinese digital payments company. However, thanks to increasing tensions between China and India, the Indian government has imposed new laws on foreign investment. One of these laws was announced in April, requiring official approval for investments from countries that share a land border with India. And so around $100 Million out of the $150 Million is currently going through government approval before actually hitting Zomato’s bank account.Historically, Chinese institutional investors have been one of the biggest sources of startup capital for India’s young tech companies, including funds affiliated with Tencent and Alibaba. Ant Financial (owned by Alibaba) has invested around $560 Million in Zomato, which gives it a 25% ownership stake in the company. And Zomato’s biggest rival Swiggy has received major investment from Tencent and Meituan-Dianping. This dynamic has played out for a while and 60% of India’s tech unicorns (startups with a valuation about $1 Billion) have received Chinese funding. If the political tension between the two countries lead to laws that make it more difficult for Chinese investors, that leaves a huge funding gap for Indian companies. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit eastwesthurricane.substack.com

At the end of 2019, Meituan-Dianping recorded close to US$400 million in net profits, with more than half of the company’s revenue coming from food delivery. Seeing as the online food delivery industry is notoriously a loss-making business, this came as quite a surprise. How did Meituan-Dianping succeed, when other players like US counterparts Uber and GrubHub are still struggling? Can other online food delivery players replicate its success? Tech in Asia reporter Putra Muskita answers these questions and more on this month’s Deep Dive. More information on this episode here: https://www.techinasia.com/deep-dive-online-food-delivery-industrys-problem-profitability Episode Sponsor: To better navigate the challenges of humanizing a brand and its customer engagement, Jean Thomas, chief marketing officer at Pomelo Fashion, and Kenneth Soo, Asia-Pacific team lead for customer success at Braze, will share tips and tricks that businesses can use to interact with their customers in a sensitive and efficient manner. Register for our virtual event at https://techin.asia/tiaevent and learn the best ways to retain users, keep messaging personal, and do good in troubled times.

The episode kicks off with a look at Reliance Jio's foray into online grocery delivery and the multiple recent investments the company has received from big tech names. Next, Alex looks at Meituan Dianping's earnings and closes the show with an in-depth discussion on U.S. tech censorship. TIMESTAMPS: 00:20 - Reliance Jio Grocery 04:03 - Meituan Food Results 09:02 - US Tech Censorship Originally Aired: 05/27/20

Our Conversation:In this conversation with Robert, we speak about the Chinese tech ecosystem evolution and the frameworks to succeed in China. Airbnb growth in China the initial trends and indicatorsChinese Vs Western consumers how their consumption and spending patterns differWhat made Goat decide to enter ChinaHow TikTok became a global sensationHow a late entrant Chinese tech startup Meituan Dianping emerged as a Superapp while competing against the Chinese tech giants: Alibaba, Tencent, BaiduChinese technology trends in the next 10 yearsAbout Robert:My very first guest on The One Percent Project is my ex-colleague, Robert Hao, Co-Founder & COO, HYPE Asia. HYPE is a venture builder that helps startups demystify, unlock, and succeed in Asia. Presently, Robert is heading the expansion of Goat into China. Goat is the world's largest sneakers marketplace.In 2012, he helped form the Asia landing team to expand Airbnb into the APAC region. From 2013-2017, Robert relocated to Beijing to start Airbnb China business, where he led Business Operations & Strategy and Host Community Operations and grew the China team to two hundred strong.

Chinese mobile payment app Alipay recently incorporated the features of several apps from Alibaba’s ecosystem to expand its lifestyle service offerings. This move was prompted by the escalating competition with fellow super apps WeChat and Meituan-Dianping, whose recent forays into fintech signal that they also want a share of China’s payments pie. What led to the heightened tension among these players and how will it all play out? Tech in Asia journalist Nicole Jao breaks down the who’s who of China’s super-app race and discusses its impact on the tech ecosystem. More information on this week's episode here: https://www.techinasia.com/deep-dive-race-chinas-top-super-app Episode Sponsor: DigitalOcean is on a mission to simplify cloud computing so developers and their teams can spend more time building software that changes the world. Get started with cloud hosting for free with DigitalOcean at https://do.co/deepdive.

In today’s episode: Internet service giant Meituan Dianping is accused of charging its partners hefty commission fees and pressing them to sign exclusive contracts; China, Australia and the EU join forces to support a new global trade dispute resolution system; and how the nation’s tech industries are holding up amid the pandemic.   Read further coverage at caixinglobal.com

In today’s episode: China’s three largest mobile carriers jointly develop 5G-enabled messaging service; Meituan Dianping clashes with Italian startup Idri BK over Mobike; and behind the central bank’s latest efforts to revive the economy.   Read further coverage at caixinglobal.com

Good morning friends, and welcome back to TechCrunch’s Equity Monday, a short-form audio hit to kickstart your week. Regular Equity episodes still drop Friday morning, so if you’ve listened to the show over the years, don’t worry — we’re not changing it in the slightest. (Here’s last week’s episode, which included our first guest in a bit, NEA's Rick Yang.)We kicked off this morning with the latest economic news relating to the coronavirus outbreak in China, namely that a host of Chinese firms are looking for loans. Inside the group of companies seeking capital that Reuters reported are names that we know, like Didi and Meituan Dianping. At first it appeared that the coronavirus' impact would be a bump in growth; now it appears to be a bit more serious.It's not just big companies that are impacted, mind. Small and private firms with supply chains in China are impacted as well, not to mention the country's entire domestic startup scene.Looking ahead, there are three key earnings reports on the horizon: Lyft, Alibaba and Shopify. Each matters for a different reason. Alibaba will provide a window into China, Shopify a look at how investors are valuing momentum plays, and Lyft a health report for the on-demand world.After Uber's surprising results and ensuing adjusted profit promise (Q4 2020, not calendar 2021), Lyft is under fresh pressure to match the covenant. If it doesn't change its profit forecasts, it could be punished. And that could shift the waters for smaller, private on-demand companies like DoorDash and Postmates, along with other mobility firms like Lime and Bird. On-demand companies have raised billions, so Lyft has more than its own investors riding shotgun for its Q4 2019 report.There are no impending IPOs this week, but there were two rounds that we found interesting:Cherre's $16 million hybrid funding event.Moteefe's $5 million investment.Finally, WeWork wants you to know that it is turning around. If that is the case is not clear, but its folks are back on CNBC to both beat back an activist attempt to push for change and talk up its own book. How close you think WeWork will end 2020 in the black is probably the next question to ask.That's it from us. Stay cool, and we will be back Friday morning with yet another guest from the venture capital world.

Good morning friends, and welcome back to TechCrunch’s Equity Monday, a short-form audio hit to kickstart your week. Regular Equity episodes still drop Friday morning, so if you’ve listened to the show over the years, don’t worry — we’re not changing it in the slightest. (Here’s last week’s episode, which included our first guest in a bit, NEA's Rick Yang.)We kicked off this morning with the latest economic news relating to the coronavirus outbreak in China, namely that a host of Chinese firms are looking for loans. Inside the group of companies seeking capital that Reuters reported are names that we know, like Didi and Meituan Dianping. At first it appeared that the coronavirus' impact would be a bump in growth; now it appears to be a bit more serious.It's not just big companies that are impacted, mind. Small and private firms with supply chains in China are impacted as well, not to mention the country's entire domestic startup scene.Looking ahead, there are three key earnings reports on the horizon: Lyft, Alibaba and Shopify. Each matters for a different reason. Alibaba will provide a window into China, Shopify a look at how investors are valuing momentum plays, and Lyft a health report for the on-demand world.After Uber's surprising results and ensuing adjusted profit promise (Q4 2020, not calendar 2021), Lyft is under fresh pressure to match the covenant. If it doesn't change its profit forecasts, it could be punished. And that could shift the waters for smaller, private on-demand companies like DoorDash and Postmates, along with other mobility firms like Lime and Bird. On-demand companies have raised billions, so Lyft has more than its own investors riding shotgun for its Q4 2019 report.There are no impending IPOs this week, but there were two rounds that we found interesting:Cherre's $16 million hybrid funding event.Moteefe's $5 million investment.Finally, WeWork wants you to know that it is turning around. If that is the case is not clear, but its folks are back on CNBC to both beat back an activist attempt to push for change and talk up its own book. How close you think WeWork will end 2020 in the black is probably the next question to ask.That's it from us. Stay cool, and we will be back Friday morning with yet another guest from the venture capital world.

Gordon Orr is a senior adviser at McKinsey & Company and a non-executive board member at both Lenovo and Meituan-Dianping. In this week’s episode of China EconTalk, he and Jordan examine collateral economic damages as a result of the trade war, take a look at the role of the Committee on Foreign Investment in the United States and how it could change in an era of increasing U.S.-China tensions, and forecast Tesla’s future in China, which could be tied to Huawei telecommunications infrastructure in Germany. 4:16: The economic consequences of the trade war 16:42: Industrial policy in China 24:08: Hong Kong financial markets 29:02: Electronic vehicles and Tesla’s Chinese dream 37:26: Chinese consumers don’t want to buy houses

Gordon Orr is a senior adviser at McKinsey & Company and a non-executive board member at both Lenovo and Meituan-Dianping. In this week's episode of China EconTalk, he and Jordan examine collateral economic damages as a result of the trade war, take a look at the role of the Committee on Foreign Investment in the United States and how it could change in an era of increasing U.S.-China tensions, and forecast Tesla's future in China, which could be tied to Huawei telecommunications infrastructure in Germany. 4:16: The economic consequences of the trade war 16:42: Industrial policy in China 24:08: Hong Kong financial markets 29:02: Electronic vehicles and Tesla's Chinese dream 37:26: Chinese consumers don't want to buy houses Get bonus content on Patreon See acast.com/privacy for privacy and opt-out information.

Business Day TV — Jean Pierre Verster from Protea Capital Management chose Meituan Dianping as his stock pick of the day and Rowan Williams from Nitrogen Fund Managers chose Reinet Verster said: "An offshore share again, this time one listed in Hong Kong. It's called Meituan Dianping share code is (HKG: 3690) and it's basically the Uber Eats of China. They've got the biggest food delivery network in the world, most people in China order their food with this rather than making their own food. There's no space for a kitchen in most places that you live in flats in China. From the food business they've been diversified into ride-sharing and ride-hailing almost like the Uber of China. You can rent bikes and scooters through them, you can do all kinds of local services like book a hairdresser or get your groceries delivered to you or book some travel plans and it really has become a core app for most Chinese. It's dropped a bit in the last week because of the virus issues and as long as this isn't a pandemic that is going to have a permanent impact on the Chinese society, I think they should bounce back and this company is very well positioned is but one of the three biggest companies listed in China." Williams said: "I'm going for Reinet, the exciting thing with them is that Pens Corp, which is the insurance business in the UK is becoming up to 50% of the NAV. We have seen the smoking asset; British American Tobacco declining in value somewhat, they've sold more shares they investing a whole lot more into Pens Corp. We've seen significant growth there as they buy out pension obligations of large corporates and it looks like they're set for further growth so it looks quite interesting."

O2O, online to offline, är trenden där det pumpats in mer pengar än något annat område. Det här avsnittet är del 2 i berättelsen om hur hela offlinevärlden digitaliseras och skapar både nya techgiganter och konsumentbeteenden. Tillsammans med våra gäster Eva Xiao, Nicholas Young och Tim He tittar vi lite djupare på Meituan-Dianping som börsnoterades med en värdering på över 50 miljarder dollar samt hela O2O-marknaden.På några fåtal år har den kinesiska konsumenten vant sig vid en värld där man kan beställa i stort sett vadsomhelst närsomhelst och få det levererat till dörren på mindre än en timme.Fysiska butiker och restauranger flätas ihop med digitala beställningar och skapar helt nya beteende-mönster. Men är det komfortabla livet med O2O- appen som levererar på studs via stressade gigarbetare hållbart i längden?Och vad händer med all data som samlas in om användarna - både online och offline?Meituan Dianping - Kinas tredje största företag och frontrunner i O2O-racet - gick nyligen till börsen med en värdering på 40 miljarder dollar. Vissa experter har påpekat att det här bara är ytterligare ett exempel på Kinas uppblåsta techsektor medan andra siar om att det här är företaget som faktiskt lyckats utmana Alibaba.Medverkande: Jacob Loven, Tom Xiong, Nicholas Young, Eva Xiao och Tim HeMusik: Epidemic Sound (Licens), Artlist (Licens)Produktion: Jacob Loven, Katarina Andersson och Tom XiongMixning och post-produktion: Jacob Loven och PodbyrånHar du funderingar eller tips på ämnen som vi ska ta upp? Kontakta oss i sociala medier eller på digitaladraken.com. Den Digitala Draken är en subjektiv men oberoende skildring av utvecklingen av digitala tjänster i Kina och dess aktörer. I produktionen används ljudklipp från exempelvis nyhetssändningar. Dessa har ej förvrängts ur kontext och innehar relevans för skildringen samt skall anses användas under "fair use”. See acast.com/privacy for privacy and opt-out information.

Costco reports some holiday cheer thanks to the strong trifecta of toys, candy, and alcohol. Bed Bath & Beyond sinks. Lennar raises the roof. And Grubhub delivers a denial. Motley Fool analysts Andy Cross, Emily Flippen, and Ron Gross discuss those stories and weigh in on the latest from Constellation Brands, Luckin Coffee, Pier 1 Imports, Macy’s, Kohl’s, and Taco Bell. Our analysts share three stocks on their radar: Accenture, Livongo, and Meituan Dianping. Plus, The Motley Fool’s Rex Moore shares some insights from CES 2020 and talks 5G, driverless cars, and 3D printing. To get 50% off our Stock Advisor service, go to http://RadarStocks.fool.com.

Shai Oster, the Asia Bureau Chief from The Information reviews the year of 2019 on how the technology giants in China and SoftBank have fared and offers his annual predictions to what will be happening in 2020. Shai reviewed his 2018 predictions and ranked how each of them have gone for 2019. In addition, he offered his perspectives on how Huawei and ByteDance will face constant challenges in their overseas expansion and whether SoftBank will raise their 2nd fund and the downstream impact from their debacle with Wework trickling down to Oyo, Didi and Grab in 2020. Last but not least, Shai throws forward what he thinks will happen in 2020. Here are the interesting show notes and links to the discussion (with time-stamps included): Shai Oster (@beijingscribe, LinkedIn, TheInformation Profile), Asia Bureau Chief in The Information  So since your last appearance on the show, what have you been up to? 2018 predictions  Didi to IPO in end 2019. ByteDance will continue to grow and fight Facebook in Southeast Asia, but will not IPO.   Ant Financial’s path to IPO is not clear. What will happen to Xiaomi with their overseas expansion? First-quarter of scary growth in China and followed by the wave of government stimulus in China. State of China and SoftBank for 2019 What are the few events which you feel that 2019 has shifted the trajectory for SoftBank and Chinese tech giants? Event 1: The US and China Relationship: There is obviously a lot of tension between the two countries, and a display of that tension can be seen in what has happened to Huawei in the last year. There was the trade ban that is forcing US companies like Google & Qualcomm to stop providing to Huawei & also the FCC ban that stops the use of government fund to purchase equipment from Huawei. It seems like Huawei is always in the news these days, from their product launches, to their lawsuits, and also the recent employee detainment allegations. How has Huawei been doing and coping with all the challenges they’re facing in the U.S.?  Do you think that the Huawei CEO has been responding well to the critics? What is the future of 5G for Huawei across the world?  Event 2: The SoftBank debacle with Wework and Vision Fund 2 We all know that WeWork is not what used to be, so has Vision Fund 1 reached the peak with Wework’s collapse? How has that changed the way how the public markets have perceived the startup unicorns given that Uber have not performed well for their IPO and Wework failed to even go public?  Will Oyo in India be the next on a similar trajectory with Wework?  Will SoftBank be able to raise the 2nd Vision Fund in 2020? Are the other unicorns backed by SoftBank in danger, for example, Bytedance and Grab?  Event 3: The public markets for Chinese Tech Startups Alibaba has just popped in the Hong Kong Stock Exchange, after Xiaomi and Meituan-Dianping, do you think that HKSE will be the Chinese tech startups’ port of call for IPO? With the chaos in Hong Kong and investors moving their assets from Hong Kong to Singapore, do you foresee that the HKSE will lose its pole position as a financial hub and what it means for chinese tech giants planning to go IPO? Other long term implications & effects to businesses & tech companies?  Event 4: Bytedance Will Bytedance end up in the same predicament similar to Huawei? Bytedance is also getting pushback in India, does that mean that the overseas growth potential for this company will end?  Event 5: Overseas expansion for Chinese Tech Titans Will the Chinese Tech Titans focus on Southeast Asia, India and the rest of the world instead of continuing its trajectory to put a foothold in the US? Can they compete with Google, Amazon and Facebook in these nascent markets?  What will be your predictions for 2020 and what are the key things you will be watching out for? China & US relationship in 2020  China economy Tiktok will retreat from US, scale back & renew their focus on China, India, Southeast Asia & Africa Huawei  Shift of Money out of China and US into Southeast Asia and India from VCs and PE funds. Closing How do my audience find you? Check out the Information's new app: "Tech Top 10"  Podcast Information: RSS Feed Apple Podcasts Himalaya Spotify Libsyn Google Play Overcast FM SoundCloud Luminary Twitter Facebook Video Facebook Page Linkedin Stitcher Castbox RadioPublic Acast PodBean ListenNotes TuneIn The show is hosted and produced by Carol Yin (@CarolYujiaYin) and originally created by Bernard Leong (@bernardleong).  Sound credits for the intro music: Taro Iwashiro, "The Beginning" from Red Cliff Soundtrack.

In this episode, the guys discuss Alibaba’s blockbuster listing in Hong Kong, and why this could impact the future of Meituan-Dianping, who posted their second-straight profitable quarter. James and Elliott also dig into what has made Meituan so special in 2019, and look into Xiaomi’s Q3 earnings as well.  Please note, the hosts may have interest in some of the stocks discussed. The discussion should not be construed as investment advice or a solicitation of services.Get the PDF of the China Consumer Index.Watchlist:TencentAlibabaBaiduiQiyiXiaomiJDPinduoduoMeituan-DianpingHosts:Elliott Zaagman– @elliottzaagmanJames Hull– @jameshullxEditorPeter IsachenkoPodcast information:iTunesSpotifyRSS FeedMusic: “Hey Ho” by Steve Jackson, Royalty Free Music

MaketingOops! Podcast China Market Insights ตอนที่ 8 ทำความรู้จัก “Meituan-Dianping” แพลตฟอร์มแอปพลิเคชันค้นหา และรีวิวร้านอาหาร - โรงแรม – สปา และซื้อคูปองส่วนลด ยอดนิยมของคนจีน ทั้งในประเทศจีนเอง และนักท่องเที่ยวจีนที่เดินทางไปต่างประเทศ จะค้นหาข้อมูลจากแอปฯ นี้ เพราะฉะนั้นผู้ประกอบการที่อยู่ในธุรกิจบริการ และธุรกิจท่องเที่ยวที่ต้องการเจาะตลาดคนจีน ไม่ควรพลาดในการใช้แอปพลิเคชันนี้ เข้าถึงนักท่องเที่ยวจีน

As we continue with the #INSIGHTSPodcast series, on this edition we have with us Hans Tung, Managing Partner at GGV Capital. Hans, who is a seven-time Forbes Midas Lister and has invested in 15 unicorns over the last decade-and-a-half, leads the US operations of GGV Capital. Some of his investments include shopping app Wish, second-hand marketplace OfferUp, Chinese social commerce company Xiaohongshu, workplace tool Slack, electronics maker Xiaomi, Chinese super app Meituan-Dianping, scooter sharing company Lime, among others. On this podcast, Hans shares his journey of witnessing first-hand the three phases of the Chinese startup ecosystem: from PC to mobile phones to high speed internet powered smartphones. Born in Taiwan and having immigrated to the US at 13, Hans went to college at Stanford and took up a career in finance. After stints in banking and growth investing, and spending a few years as an entrepreneur, Hans saw the value in moving to China where he could make use of his understanding of both the East and the West. He joined Bessemer Venture Partners marking the start of his career in venture capital. He went on to spend a few years with QiMing Venture Partners before moving back to the Bay Area with GGV Capital. Recalling his China days, Hans talks about how the time he went to China (mid-2000s) was seen as being either five years too late - as the PC internet era started in 1999 - or five years too early - as the iPhone was yet to be announced. He did learn though that the Chinese startup ecosystem was fiercer in terms of competition than the Silicon Valley, contrary to the popular belief that the discrimination against US companies made China a protective turf for starting up. The Chinese ecosystem grew hand in hand with the consumption pattern of the emerging middle class, urbanisation, and government initiatives focused on improving the infrastructure. By working with internet companies across both the PC era (the likes of Baidu and Tencent) and the smartphone era (the likes of Xiaomi), Hans learnt the importance of providing solutions that are cheap in terms of cost but high quality in terms of customer satisfaction and serving the mass market. While those forming the mass market have lower disposable incomes, they bring in the advantage of having more time on their hands, hence spend more time on a company's services. This was true in the case of Alibaba as well. Jack Ma's belief was that offline marketplaces existed because everyone didn't have everything. He focused hard on getting more suppliers than anyone on his platform so that over time consumers came to his shop not for cheaper prices but for higher choice of selection. Having worked with several successful founders, a common thread that Hans has seen across them is that they are all extremely driven, passionate about things they do, and have a vision that is transformational and inspiring for others to be willing to join the journey.  "They tend to be extremely thoughtful and analytical, are level-headed, and open-minded to try a lot of different things and iterate quickly," he says. On his thoughts on India, Hans shares his excitement for the Indian ecosystem, expecting to see many more companies from India that go global following the lead of OYO. On a closing note, Hans has a movie recommendation for Indian founders in People's Republic of Desire, and quotes Kobe Bryant:  "A lot of people think like 'if I have to choose between vegetables and ice cream'. I love eating vegetables. I don't mind getting up four o'clock in the morning to train for 20 years in a row. That's the fun part and always being in the heat of the NBA championship year after year. That's what makes me happy." The best founder has that characteristic in them.

Invescope Podcast วันนี้จะมาทำความรู้จักกับ Meituan Dianping บริษัทเทคโนโลยี ดาวรุ่งของจีน เจ้ายุทธจักรที่เอาชนะคู่แข่งกว่า 6000 รายจนกลายมาเป็น Lifestyle Application อันดับ 1 ของโลกMeituan Dianping เจ้าของ Application Dazhong Dianping （大众点评）ที่ครองใจชาวจีนอย่างเหนียวแน่น พัฒนาต่อเนื่องโดย WangXing Founder Meituan สายบู๊ ที่เคยอยู่ใต้ปีกของ Alibaba แต่อยู่ไปอยู่มาทัศนคติการทำธุรกิจที่ไม่ต่รงกัน ก็ทำให้สุดท้ายโชคชะตา ก็พาย้ายค่ายมาเติบใหญ่กับ Tencent ผ่านการควบรวมกับเบอร์ 2 อย่าง Dianping จนวันนี้กลายเป็น Lifestyle Application อันดับ 1 ของโลกจุดเริ่มต้นความยิ่งใหญ่ของ Meituan Dianping จะมีที่มาอย่างไร และ เมื่อยิ่งใหญ่แล้วปัจจุบัน Meituan Dianping มีรายได้จากการทำมาหากินอะไรบ้าง และอะไรที่ทำให้ธุรกิจ Food Delivery ของเขาภายใต้ ชื่อ Wai-mai（外卖 ） เป็นผู้ชนะได้ในตลาดจีน และที่สำคัญใหญ่มาขนาดนี้แล้ว โอกาสการเติบโตและมุมมองการลงทุนของ Meituan Dianping （HKG: 3690）จะมีอะไรให้เราร่วมส่องโอกาสการลงทุนกันบ้างติดตามกันได้ใน Invescope Podcast EP 5 โดย พี่บอล ภาคย์ภูมิ (คนสร้างเวลา) / ทีน่า (Made in Tena)Brought to you By: Thaivi.org

In the latest Digitally China we’re looking back on history. Meituan-Dianping is China’s clear market leader within group buying, offline discovery and online-offline services today. But it wasn’t that clear a few years back. In fact, the opposite was true, with the American giant Groupon entering China backed by a powerful partner in Tencent. In a hyper-competitive environment, there were suddenly thousands of group-buying services all fighting for the position that Meituan has today.For a sense of what that time was like, we interviewed Tim He, who was a senior executive of Gaopeng, the Chinese subsidiary of Groupon when they entered the market. Tim, who took a break from Harvard to go back to China to take on the daunting task of trying to win in such an enormous, sprawling market, takes us through some of the incredible stories from that exciting period.As a seasoned investor at one of Europe’s most renowned venture firms, Kinnevik, Tim also reflects on learnings from the Chinese technology sector as well as the success factors behind today's “super apps” of China.Topics covered in this episodeHow Groupon entered the Chinese marketThe group-buying industryHow to operate in a market with thousands of competitorsWhat lessons can you learn from China that are applicable for Western markets?The success factors behind super app companies such as Meituan-Dianping, Alipay and moreGuests:· Tim He, investor at Kinnevik and previous senior executive of Gaopeng, the Chinese Groupon.Host: Tom XiongProducer: Jacob Lovén & Katarina AnderssonDigitally China is a subjective but independent depiction of the tech scene in China. Audio clips used in the podcast have not been distorted nor taken out of context and are included for commentary and educational purposes and thus shall be considered “Fair Use”. Digitally China is powered by RADII (www.radiichina.com), an independent media platform exploring China from all angles. See acast.com/privacy for privacy and opt-out information.

In the latest Digitally China we're looking back on history. Meituan-Dianping is China's clear market leader within group buying, offline discovery and online-offline services today. But it wasn't that clear a few years back. In fact, the opposite was true, with the American giant Groupon entering China backed by a powerful partner in Tencent. In a hyper-competitive environment, there were suddenly thousands of group-buying services all fighting for the position that Meituan has today.For a sense of what that time was like, we interviewed Tim He, who was a senior executive of Gaopeng, the Chinese subsidiary of Groupon when they entered the market. Tim, who took a break from Harvard to go back to China to take on the daunting task of trying to win in such an enormous, sprawling market, takes us through some of the incredible stories from that exciting period.As a seasoned investor at one of Europe's most renowned venture firms, Kinnevik, Tim also reflects on learnings from the Chinese technology sector as well as the success factors behind today's “super apps” of China.Topics covered in this episodeHow Groupon entered the Chinese marketThe group-buying industryHow to operate in a market with thousands of competitorsWhat lessons can you learn from China that are applicable for Western markets?The success factors behind super app companies such as Meituan-Dianping, Alipay and moreGuests:· Tim He, investor at Kinnevik and previous senior executive of Gaopeng, the Chinese Groupon.Host: Tom XiongProducer: Jacob Lovén & Katarina AnderssonDigitally China is a subjective but independent depiction of the tech scene in China. Audio clips used in the podcast have not been distorted nor taken out of context and are included for commentary and educational purposes and thus shall be considered "Fair Use". Digitally China Is powered by RADII (www.radiichina.com), an independent media platform exploring China from all angles.

Fresh out of the studio, Chua Kee Lock, CEO of Vertex Holdings and managing partner of Vertex Ventures, Southeast Asia & India joined us in a conversation together with guest host Charles Reed Anderson of TechBurst Asia podcast about the venture capital firm and its footprint across Southeast Asia globally. We start with Kee Lock's story and how he eventually become a venture capitalist. Following on, Kee Lock discuss Vertex Holdings and Vertex Ventures and how the fund assembles and helps their portfolio of high growth startups such as Grab in the region. Last but not least, Kee Lock discuss the evolution of venture capital in Southeast Asia and India and where it is leading. Here are the interesting show notes and links to the discussion (with time-stamps included): Chua Kee Lock,  CEO of Vertex Holdings & Managing Partner of Vertex Ventures Southeast Asia & India ( LinkedIn) [0:25] How did you start your career? [0:36] In your career journey, what are the words of wisdom you can share with my audience based on your time in Silicon Valley? [2:18] Kee Lock's thoughts on why people are central to building successful technology companies. [3:30] Vertex Holdings and Vertex Ventures [5:00] Can you give a brief introduction to Vertex Holdings and its relationship with Temasek Holdings? [5:10]   What’s a typical day for you like as a VC? [11:07] Can you describe the different funds under Vertex Holdings and their current purposes? Does the different funds reflect the different stages of investment? [12:45] What are the traits of founders and startups which the investment team in Vertex seek? [14:00] What are the interesting companies within the Vertex portfolio? [16:40] Grab Licious Validus Instarem How does the Vertex network help the portfolio companies or companies who might be interested to seek funding? [21:30] Vertex has made very interesting investments globally, for example, Grab, Spacemob (acquired by Wework), Mobike (acquired by Meituan Dianping) and many others, how do you work with the founders and what help do most high growth companies need most in the early stage?  Trends in venture capital across India and Southeast Asia [24:40] What are your thoughts on the investment opportunity in India and Southeast Asia? [25:00] Southeast Asia is not a homogeneous market with different countries at different stages of economic development, how does Vertex see their investments when they do their regional expansion? Do you see India with the same challenge? [26:25] Kee Lock's comments on shortage of tech talent and skills in Asia and how entrepreneurs are solving them. [28:30] Kee Lock's thoughts on returning technology talent to Asia from Silicon Valley and its impact to startup ecosystems in Asia Pacific for the next few years. [30:50] Does the lack of exits in India and Southeast Asia deter the market opportunity for venture capital to thrive? [31:35] With more global funds entering the region, do you see the potential of an overheated market with valuations going up? [33:00] Where do you see the evolution of venture capital in the next few years? [35:30] Closing [37:40] Can you recommend a book or movie or podcast or anything which recently made an impact to your work and personal life? [37:45] Kee Lock's recommendations: Ray Dalio's "Principles" and Simon Sinek's "Start from Why" How do my audience find you? [39:00] Podcast Information: RSS Feed Apple Podcasts Himalaya Spotify Libsyn Google Play Overcast FM SoundCloud Luminary Twitter Facebook Video Facebook Page Linkedin Stitcher Castbox RadioPublic Acast PodBean ListenNotes TuneIn The show is hosted by guest host Charles Reed Anderson (@CRASingapore, LinkedIn) from Techburst Asia Podcast and produced by Carol Yin and are sponsored by Ideal Workspace (Twitter, Facebook and LinkedIn) with their new Altizen Desk (Twitter, Facebook, Medium). Sound credits for the intro music: Taro Iwashiro, "The Beginning" from Red Cliff Soundtrack and this episode is fully produced by Carol Yin (@CarolYujiaYin). Editor's note: We thank Charles for helping us to guest host this episode before Carol starts her new role as the producer and host of Analyse Asia after the live show.

This week's episode is about the End Zone Food Court in the All-Star Sports Resort. Home of the Pineapple (Dole Whip) Cupcake! It is another great spot to snag some food on your non-park Disney days!!! The partner company for the Shanghai Disney Food and Wine is Meituan Dianping! You can find us at the handles below:Instagram: @One_Little_SpiceTwitter: @OneLittleSpiceFacebook: facebook.com/onelittlespice Love our Podcast? Want to learn how to make some of the recipes that we talk about? NOW YOU CAN! Head into The Taste Lab on YouTube and join us as we cook your favorite Disney foods! Subscribe to our channel and you'll be along for the ride! https://www.youtube.com/channel/UCAlAyiv9084suC_q4QuV_xA  Our First Episode: Le Cellier's Cheddar Cheese Soup ---> https://youtu.be/K5HgTDQbrkE Our Second Episode is live now too! It is the Vegetable Terrine from Akershus and it came out AMAZING!!!  ---->  https://youtu.be/QjE2DZCMRr8 We are now on Patreon where you can get exclusive access to the Magical Snack Corner AND our 9 episode series on the Food and Wine Festival, the chance to host Magical Snack Corner with us, an invite to join our monthly Google Hangout, and SO much more! www.patreon.com/onelittlespice   Join our Facebook Group to continue the discussion after the show! We are also on TeePublic if you want some swag of your own! We have t-shirts, sweatshirts, stickers, and MORE! Be sure to check it out! https://www.teepublic.com/t-shirt/2611893-one-little-spice Thanks so much for listening and just remember, every recipe starts with One Little Spice

Asia Insight Circle is a C-Suite membership association based in Hong Kong. Every month members hear from top business and political leaders on issues of the day.  Gordon Orr, former Asia chairman at global management consulting firm McKinsey & Company, recently spoke about "Getting on Boards." He shared his insights into the Board selection process, expected obligations, and how to position yourself for consideration for public, private and pro-bono boards. Following his talk at Asia Insight Circle, he joined us for an in-depth exploration of the board of directors selection process.  Gordon serves as a non-executive director at three companies listed in Hong Kong: Swire Pacific, Lenovo, and Meituan-Dianping. He is also on the board of several private companies in China and in Europe and is Vice-Chair of the China Britain Business Council. Learn first-hand about the Board of Directors selection process, the responsibilities facing Directors today, and how you can be considered for directorships. 

In this episode of the China Tech Investor Podcast powered by TechNode, hosts Elliott Zaagman and James Hull talk about Tencent’s Q4 earnings report, as the company attempts to prepare investors for their shifting business model. This episode also features part 2 of an interview with AgencyChina’s Michael Norris, as they discuss future growth opportunities for companies such as Pinduoduo, Meituan-Dianping, and Didi. Please note, the hosts may have interest in some of the stocks discussed. The discussion should not be construed as investment advice or a solicitation of services. Watchlist: · Tencent · Alibaba · Baidu · iQiyi · Xiaomi · JD.com · Pinduoduo · Meituan-Dianping Guests: Michael Norris – LinkedIn Hosts: Elliott Zaagman - @elliottzaagman James Hull - @jameshullx Producer Peter Isachenko Podcast information: iTunes Spotify RSS Feed Music: “Hey Ho” by Steve Jackson, Royalty Free Music

In this episode of the China Tech Investor Podcast powered by TechNode, hosts Elliott Zaagman and James Hull discuss ByteDance allegedly asked to IPO on Shanghai’s tech board, gaming regulations (again!), Blackrock upping its stake in JD and Baidu & iQiyi’s Q4’2018 earnings. Emma Lee joins to discuss and add Meituan-Dianping (HKEx: 3690) to our watchlist. Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. The discussion should not be construed as investment advice or a solicitation of services. Please note, the hosts may have positions in the companies discussed. Watchlist: Tencent Alibaba Baidu iQiyi Xiaomi JD.com Pinduoduo Meituan Dianping (new!) Guests: Emma Lee - @EmmaLee12345 Hosts: Elliott Zaagman - @elliottzaagman James Hull - @jameshullx Podcast information: RSS Feed Music: “Hey Ho” by Steve Jackson, Royalty Free Music

Welcome to the 75th installment of the Caixin-Sinica Business Brief, a weekly podcast that brings you the most important business stories of the week from China's top source for business and financial news. Produced by Kaiser Kuo of our Sinica Podcast, it features a business news roundup, plus conversations with Caixin reporters and editors. This week: We note that Yang Hengjun 楊恒均, an outspoken writer and former Chinese official who has been an Australian citizen for nearly 20 years, has been detained in Beijing for more than a week. We report that growth in China's personal-consumption spending bounced back last year, as authorities stepped up efforts to encourage consumers to open their wallets. We hear that eight regions in China, including Beijing, are predicting slower economic growth this year, in the latest sign of a worsening economic outlook for the world's second-largest economy. We learn the news that two Chinese farms housing tens of thousands of pigs have been blamed for mismanaging and attempting to conceal African swine fever cases. We discuss Beijing's decision to name 10 of its largest state-owned firms “World Class Enterprises,” a designation that means the government will likely focus resources on them to make them more competitive at home and abroad. We analyze the rebranding of Chinese bike-rental company Mobike after it was bought by internet giant Meituan Dianping. We take a close look at the deal between Alibaba's film unit and Huayi Brothers, one of China's leading independent studios, which is the latest of a growing string of high-profile tie-ups as it tries to claw its way back to profitability. We dive into a recent study that reveals what the average Chinese person does every day. In addition, we talk with Doug Young, the managing editor of Caixin Global, about China's rapid growth in the retail industry. We also chat with Charlotte Yang, a reporter with Caixin Global, about zombie companies in China.

“The U.S.-China equilibrium of the past 20 years has gone,” declares Gordon Orr in his recent piece on what to expect in China in 2019. So what will replace it? What impact will the increasingly activist Chinese government have on the broader economy? And what broader reflections does a 30-year China veteran have about recent changes in China? Orr is currently a director emeritus at McKinsey, having previously helped open the firm's Beijing office and led its Greater China practice. He is also a board member of Lenovo and Meituan Dianping. Check out the new ChinaEconTalk newsletter here. Get bonus content on Patreon See acast.com/privacy for privacy and opt-out information.

“The U.S.-China equilibrium of the past 20 years has gone,” declares Gordon Orr in his recent piece on what to expect in China in 2019. So what will replace it? What impact will the increasingly activist Chinese government have on the broader economy? And what broader reflections does a 30-year China veteran have about recent changes in China? Orr is currently a director emeritus at McKinsey, having previously helped open the firm’s Beijing office and led its Greater China practice. He is also a board member of Lenovo and Meituan Dianping. Check out the new ChinaEconTalk newsletter here.

This week, John and Matt talk with Shai Oster, Asia bureau chief for The Information, about the rash of Chinese IPOs in a down market, looking at Tencent Music, Xiaomi, Pinduoduo, Meituan Dianping. We also talk about the possibilities for Bytedance and Ant Financial IPOs in 2019. Links China Tech Talk 49: The Xiaomi IPO with The Information’s Shai Oster What China’s history of overseas tech IPOs says about the current wave TechNode IPO coverage Sign up for TechNode newsletters Subscribe to The Information Guest Shai Oster - The Information author page, @beijingscribe  Hosts John Artman, @knowsnothing, TechNode Matthew Brennan, @mbrennanchina ChinaChannel Podcast information iTunes RSS feed China Tech Talk.com Music: "Theme from Penguins on Parade" by Lee Rosevere, Music for Podcasts 3  

Market volatility and bearish sentiment is leading Kristal.ai's chief investment officer Arun Pai to tweak his value investment strategy.  Pai also chats with Michael Switow about EPL broadcast rights and Meituan Dianping's poor earnings.

美团八年长跑终上市。掌握着美团外卖和大众点评两大国民级餐饮入口，美团与一日三餐的密切关系，使它逐渐承担起中国最大的「便利店」的职责。便利店是一个高度城市化的产物，日本由于单身比例高，生活节奏快，成为便利店产业最成熟的国家。而国人对于热食的偏爱，以及城市结构对外卖的天然适配，使中国便利店的核心–鲜食业态受到一定程度的挤压。但美团的高客单价、有限品类也注定无法完全取代便利店的存在，同时阿里巴巴也在积极开拓本地生活服务的版图，成为美团的强劲对手。这期节目，Rio 和黄海讨论了美团在餐饮产业链中的角色，和阿里的鏖战，以及上市前景分析。 两位主播开设知识星球【原小密圈】付费社群，用作节目相关内容的讨论和延伸，回答提问，以及和听众的互动。加入疯投圈的知识星球：用微信扫二维码 https://crazy.capital/special/xmq.jpg 加入。在手机上操作可先保存图片至系统相册，然后点击微信扫一扫右上角扫描相册内二维码。入圈价格 ¥199/年。 陈鸣老师在馒头商学院开设的《高效写作实战训练营》。写作能力是最值得投资的职场技能。众多大咖推荐，绝对不容错过。 Rio 和任宁主播的科技播客《提前怀旧》 Rio 和吴涛主播的科技播客《内核恐慌》 推荐阅读 阿里投资未来 本地生活将成阿里“履带战略”的下一战 一只看得见的政策“推手”丨中国便利店26年（一） 餐饮的预包装食品化：源起、发展、启示、创业思考以及未来发展 How Meituan Dianping became China’s super-platform for services A closer look at Meituan-Dianping

In Ep. 25 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about Alibaba's recent moves to firm up its strategy around local services, putting pressure on Meituan-Dianping to defend itself. This war of “O2O,” or online to offline, is shaping up to be intense, with the latest battle round being the recent merger between food delivery rival ele.me (which Alibaba had acquired for $9.5 billion in April of this year) and Alibaba's New Retail subsidiary, Koubei. This episode of TechBuzz is the first in a series of deep dives on the local services space in China. Rui and Ying-Ying begin with some background on Meituan's “unstoppable roll” on its way to becoming the “Amazon of services” for China: the gargantuan super app is currently dominating several verticals including food delivery, movie ticket sales, bike sharing, and travel. However, its dominance is being challenged by Alibaba, and in the food delivery space this shows up in the form of the e-commerce giant's support for and acquisition of ele.me. Rui and Ying-Ying tell the origin story of ele.me. The startup's founder, former CEO, and now-Chairman Zhang Xuhao was a first year graduate student at Shanghai Jiatong University when he started the company with five friends in 2008, back when entrepreneurship was considered rebellious and unconventional. The venture was self-funded for a few years before landing angel investment from GSR's Allen Zhu, one of the best investors in China. Though ele.me grew quickly, it was still fairly small when it got its first big break-- Dianping's investment of $80 million which allowed the startup to embark on an accelerated expansion plan. It went from 300 employees at the end of 2013 to 5000 at the end of 2014. By August 2015, with traffic from shareholder Dianping and additional investment from Tencent, ele.me was feeling like it was on top of the world. The story, however, doesn't end there. Listen to the newest episode of TechBuzz China and join our co-hosts in exploring the rise of ele.me, its sale to Alibaba, and what's happened since. What is in store for the company-- and more importantly, for the future of local services in China? What is New Retail, and why is it bleeding into local services? How do they reinforce each other, or do they? Why is there always a war in Chinese internet, and who is going to win this one? As always, you can find these stories and more at pandaily.com. Let us know what you think of the show by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina to win some swag! Finally, a huge shoutout to our new listeners over at dealstreetasia.com.

In episode 25 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about Alibaba’s recent moves to firm up its strategy around local services, putting pressure on Meituan-Dianping to defend itself. This war of “O2O,” or online-to-offline, is shaping up to be intense, with the latest battle round seeing the merger between food delivery rival ele.me (which Alibaba acquired for $9.5 billion in April) and Alibaba’s new retail subsidiary, Koubei.  This episode of TechBuzz is the first in a series of deep dives into the local services space in China. Rui and Ying-Ying begin with some background on Meituan’s “unstoppable roll” on its way to becoming the “Amazon of services” for China: the gargantuan super app is currently dominating several verticals including food delivery, movie ticket sales, bike sharing, and travel. However, its dominance is being challenged by Alibaba, and in the food delivery space this shows up in the form of the ecommerce giant’s support for and acquisition of ele.me. Rui and Ying-Ying tell the origin story of ele.me. The startup’s founder, former CEO, and now-Chairman Zhang Xuhao was a first year graduate student at Shanghai Jiaotong University when he started the company with five friends in 2008, back when entrepreneurship was considered rebellious and unconventional. The venture was self-funded for a few years before landing angel investment from GSR’s Allen Zhu, one of the best investors in China. Though ele.me grew quickly, it was still fairly small when it got its first big break — Dianping’s investment of $80 million, which allowed the startup to embark on an accelerated expansion plan. It went from 300 employees at the end of 2013 to 5000 at the end of 2014. By August 2015, with traffic from shareholder Dianping and additional investment from Tencent, ele.me was feeling like it was on top of the world. The story, however, doesn’t end there. Listen to the newest episode of TechBuzz China and join our co-hosts in exploring the rise of ele.me, its sale to Alibaba, and what’s happened since. What is in store for the company — and more importantly, for the future of local services in China? What is new retail, and why is it bleeding into local services? How do they reinforce each other, or do they? Why is there always a war on the Chinese internet, and who is going to win this one? As always, you can find these stories and more at pandaily.com. Let us know what you think of the show by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina to win some swag! Finally, a huge shoutout to our new listeners over at dealstreetasia.com.

In Ep. 25 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about Alibaba’s recent moves to firm up its strategy around local services, putting pressure on Meituan-Dianping to defend itself. This war of “O2O,” or online to offline, is shaping up to be intense, with the latest battle round being the recent merger between food delivery rival ele.me (which Alibaba had acquired for $9.5 billion in April of this year) and Alibaba’s New Retail subsidiary, Koubei. This episode of TechBuzz is the first in a series of deep dives on the local services space in China. Rui and Ying-Ying begin with some background on Meituan’s “unstoppable roll” on its way to becoming the “Amazon of services” for China: the gargantuan super app is currently dominating several verticals including food delivery, movie ticket sales, bike sharing, and travel. However, its dominance is being challenged by Alibaba, and in the food delivery space this shows up in the form of the e-commerce giant...

Ist China inzwischen längst das innovativere Silicon Valley? Sollten wir für neue Trends nach Fernost schauen statt in die USA? t3n.de-Chefredakteur Stephan Dörner spricht dazu im Podcast mit China-Experte Tu-Lam Pham.  Insgesamt neun der 20 größten Internet-Unternehmen der Welt kommen aus China. Die Volksrepublik ist ein „Mobile only“-Land, das die Nutzung von PCs und Laptops größtenteils übersprungen hat und bei vielen Themen vom mobilen Bezahlen bis zum Buchen von Arztterminen über das Smartphone sämtlichen westlichen Ländern längst davongezogen ist. Tu-Lam Pham, Berater für digitales Business, kennt durch seine Reisen ins Silicon Valley und nach China beide Welten. Im Gespräch mit t3n.de-Chefredakteur Stephan Dörner spricht er darüber, was China dem Westen voraus hat – und wie die Smartphone-Revolution das Land tiefgreifend verändert hat. Mit welchen harten Bandagen kämpft Alibaba gegen Tencent und umgekehrt? Werden die alten Tech-Größen aus China – Baidu, Alibaba, and Tencent – auch bekannt als BAT-Ökonomie gerade durch ein neues Tech-Triumvirat aus Toutiao, Meituan-Dianping und Didi Chuxing abgelöst, auch bekannt als TMD? Und was können wir von all dem in Europa und Deutschland lernen? Tu-Lam Pham gewährt einen Einblick in die Digitalwirtschaft Chinas, die den Detailgrad der üblichen Presseartikel zum Thema weit übersteigt. Hinweis: Der Podcast wurde bereits am 15. August 2018 aufgenommen, da wir in den vergangenen Wochen immer Podcasts hatten, die einen aktuellen Zeitbezug hatten und daher zeitnah online gestellt werden mussten. Zum Zeitpunkt des Podcasts gab es nur einen Amazon-Go-Store in den USA, inzwischen gibt es drei. Sponsor-Hinweis (Anzeige): Der heutige Podcast wird von Ottonova präsentiert – der komplett digitalen Krankenversicherung: https://www.ottonova.de/lp/ebook-t3n

Happy Holidays, TechBuzz listeners! That's right, it's Mid-Autumn Festival, followed closely by Golden Week for the Pandaily team back in Beijing. In honor of the holidays — and to commemorate *almost* six months since we released our first episode of TechBuzz back in April of this year — co-hosts Rui and Ying-Ying are taking off as well! We will be back with a new original episode on October 9.In order to not leave you hanging, and in recognition of Meituan-Dianping's recent IPO in which it raised a healthy $4.2 billion from investors, we share our first ever replay. If you haven't already, have a listen to Episode 10, which we produced back in back in June when Meituan-Dianping was first rumored to be preparing to go public. We talked about its founder, Wang Xing 王兴, and heard from guest James Hong, an angel investor who has known Wang for decades.Thank you for being a loyal listener, and enjoy!As always, you can find these stories and more at pandaily.com. Let us know what you think of the show by leaving us an iTunes review, like our Facebook page, and don't forget to tweet at us at @techbuzzchina to win some swag!

Happy Holidays, TechBuzz listeners! That’s right, it’s Mid-Autumn Festival, followed closely by Golden Week for the Pandaily team back in Beijing. In honor of the holidays — and to commemorate *almost* six months since we released our first episode of TechBuzz back in April of this year — co-hosts Rui and Ying-Ying are taking off as well! We will be back with a new original episode on October 9. In order to not leave you hanging, and in recognition of Meituan-Dianping’s recent IPO in which it raised a healthy $4.2 billion from investors, we share our first ever replay. If you haven’t already, have a listen to Episode 10, which we produced back in back in June when Meituan-Dianping was first rumored to be preparing to go public. We talked about its founder, Wang Xing 王兴, and heard from guest James Hong, an angel investor who has known Wang for decades. Thank you for being a loyal listener, and enjoy! As always, yo...

Happy Holidays, TechBuzz listeners! That’s right, it’s Mid-Autumn Festival, followed closely by Golden Week for the Pandaily team back in Beijing. In honor of the holidays — and to commemorate *almost* six months since we released our first episode of TechBuzz back in April of this year — co-hosts Rui and Ying-Ying are taking off as well! We will be back with a new original episode on October 9. In order to not leave you hanging, and in recognition of Meituan-Dianping’s recent IPO in which it raised a healthy $4.2 billion from investors, we share our first ever replay. If you haven’t already, have a listen to Episode 10, which we produced back in back in June when Meituan-Dianping was first rumored to be preparing to go public. We talked about its founder, Wang Xing 王兴, and heard from guest James Hong, an angel investor who has known Wang for decades.   Thank you for being a loyal listener, and enjoy! As always, you can find these stories and more at pandaily.com. Let us know what you think of the show by leaving us an iTunes review, like our Facebook page, and don't forget to tweet at us at @techbuzzchina to win some swag!

Welcome to the 63rd installment of the Caixin-Sinica Business Brief, a weekly podcast that brings you the most important business stories of the week from China's top source for business and financial news. Produced by Kaiser Kuo of our Sinica Podcast, it features a business news roundup, plus conversations with Caixin reporters and editors. This week: We note that China's largest ride-hailing platform Didi Chuxing said it will resume late-night ride-hailing service after upgrading its safety measures. We explore the effects of the disappearance of Fan Bingbing, China's biggest female film star, and how the Communist Party of China weighs in on everything from the appropriateness of costumes to the salaries of movie stars. We hear about how the revised tax code has made it easier to levy taxes on foreign employees' offshore income, and what that may mean for China attracting foreign talent. We discuss risk aversion in mainland stocks, as Hong Kong stocks follow their mainland counterparts' fall into bear market territory amid some of the weakest turnover in years. We find out that the operator of Alipay, one of China's two dominant mobile-payment apps, has announced it will spend $150 million over the next three years to speed up the development of “mini apps.” We analyze how China has scrapped several family planning departments, fueling speculation that the country may be on the verge of ending its decades-old restrictions on family size. We dive into a new report from the American Chamber of Commerce in China that says two-thirds of American businesses in the country are feeling a pinch from tit-for-tat protective tariffs in the U.S.-China trade war. We learn that China is investigating a former top lottery official on allegations of corruption — the third misconduct case involving a lottery chief in just over a year. In addition, we talk with Caixin Global reporter David Kirton about petrochemical plants in China. We also chat with Doug Young, managing editor of Caixin Global, about the IPOs of electric car maker Nio in New York, and superapp Meituan-Dianping in Hong Kong. We'd love to hear your feedback on this product. Please send any comments and suggestions to sinica@supchina.com.

Liza Lin from Wall Street Journal joined us to discuss one of the upstart Internet giants from China: Meituan Dianping with their upcoming IPO and described her recent interview with their charismatic founder, Wang Xing and where the company is heading. We discussed the backstory of the company, Meituan till its merger with Dianping, their focus as the "Amazon of Services" in China, their recent foray into ride-hailing taking on Didi and their shifting alliances from Alibaba to Tencent.  

  This week on TechBuzz China by Pandaily, co-hosts Ying-Ying Lu and Rui Ma tell you how Wang Xing, the legendary Chinese serial entrepreneur who started out with “copy to China,” is now standing behind one of the largest unicorns in the world, Meituan-Dianping. TechBuzz China by Pandaily is a weekly technology podcast focused on giving you a peek into what’s buzzing within the tech community in China. It is co-hosted by Ying-Ying Lu and Rui Ma, who are both seasoned China watchers with years of experience working in the technology space in China. They uncover and contextualize unique insights, perspectives, and takeaways on headline tech news that don’t always make it into English language coverage. Meituan-Dianping has dipped its toes in almost EVERY aspect of any Chinese person’s life — including food delivery, payments, ride hailing, movie tickets sales, and travel booking. The unicorn is the result of a $15 billion merger between the Groupon-clone Meituan and the Yelp-predecessor Dianping, and was last valued at $30 billion, possibly soon to double in valuation if the rumored upcoming IPO comes true. How did Wang Xing create one great venture after another, from the Facebook copycat Xiaonei (now RenRen) to the Twitter clone Fanfo, yet Meituan was his only real success? Why did the the review app Dianping, created a whole year before Yelp, merge with Meituan? And why is Wang Xing now leading Meituan to compete in all these industries? Listen to this week's episode to find out! As always, you can find these stories and more at pandaily.com. Let us know what you think of the show, and don't forget to follow us on Twitter at @techbuzzchina and to like our Facebook page!

This week on TechBuzz China by Pandaily, co-hosts Ying-Ying Lu and Rui Ma tell you how Wang Xing, the legendary Chinese serial entrepreneur who started out with “copy to China,” is now standing behind one of the largest unicorns in the world, Meituan-Dianping. TechBuzz China by Pandaily is a weekly technology podcast focused on giving you a peek into what’s buzzing within the tech community in China. It is co-hosted by Ying-Ying Lu and Rui Ma, who are both seasoned China watchers with years of experience working in the technology space in China. They uncover and contextualize unique insights, perspectives, and takeaways on headline tech news that don’t always make it into English language coverage. Meituan-Dianping has dipped its toes in almost EVERY aspect of any Chinese’s life-- including food delivery, payments, ride-hailing, movie tickets sales, and travel booking. The fifth-largest unicorn is the result of a $15 bil...

This week on TechBuzz China by Pandaily, co-hosts Ying-Ying Lu and Rui Ma tell you how Wang Xing, the legendary Chinese serial entrepreneur who started out with “copy to China,” is now standing behind one of the largest unicorns in the world, Meituan-Dianping.TechBuzz China by Pandaily is a weekly technology podcast focused on giving you a peek into what's buzzing within the tech community in China. It is co-hosted by Ying-Ying Lu and Rui Ma, who are both seasoned China watchers with years of experience working in the technology space in China. They uncover and contextualize unique insights, perspectives, and takeaways on headline tech news that don't always make it into English language coverage.Meituan-Dianping has dipped its toes in almost EVERY aspect of any Chinese's life-- including food delivery, payments, ride-hailing, movie tickets sales, and travel booking. The fifth-largest unicorn is the result of a $15 billion merger between the Groupon-clone Meituan and the Yelp-predecessor Dianping, and was last valued at $30 billion, possibly soon to double in valuation if the rumored upcoming IPO holds true.How did Wang Xing create one great venture after another, from the Facebook copycat Xiaonei (now RenRen) to the Twitter clone Fanfo, yet Meituan being his only real success?Why did the the review app Dianping, created a whole year before Yelp, merge with Meituan? And why is Wang Xing now leading Meituan to compete in all these industries? Listen to this week's episode to find out!As always, you can find these stories and more at pandaily.com. Let us know what you think of the show, and don't forget to follow us on Twitter at @techbuzzchina and to like our Facebook page!

Jon Russell, from TechCrunch joined us in a two episode arc to discuss the major acquisitions that are shaking the Asia landscape from Southeast Asia to China. In the second part of our conversation, we discussed the recent major acquisitions by China technology giants in China. From the acquisition of Mobike by Meituan-Dianping to Ele.me by Alibaba Group, we evaluate their impact to Southeast Asia and India and examine why Amazon is not likely to buy Flipkart in India.

Pandaily.com是一家向世界科技社区介绍中国创新的英文媒体，而TechBuzz China是其旗下向硅谷介绍中国创新的英文播客。 This week on TechBuzz China, Rui and Ying-Ying talked about the recent news involving three Chinese unicorns: Toutiao, Didi, and Meituan. If you are interested in learning more about what’s happening in China’s technology sector, you can also follow us on Twitter @thepandaily and like TechBuzz China on Facebook. TechBuzz 中国将会每周更新，一定要订阅我们哦!

Pandaily.com是一家向世界科技社区介绍中国创新的英文媒体，而TechBuzz China是其旗下向硅谷介绍中国创新的英文播客。This week on TechBuzz China, Rui and Ying-Ying talked about the recent news involving three Chinese unicorns: Toutiao, Didi, and Meituan. If you are interested in learning more about what's happening in China's technology sector, you can also follow us on Twitter @thepandaily and like TechBuzz China on Facebook. TechBuzz 中国将会每周更新，一定要订阅我们哦!

TechBuzz China is a short weekly podcast that talks all about China’s innovation, co-hosted by Rui Ma, who is an angel investor and entrepreneur, and Ying-Ying Lu, who is also an entrepreneur. The two hosts are both China experts who lived and worked in the technology space in China for many years. This week on TechBuzz China, Rui and Ying-Ying talk about the recent news involving three Chinese unicorns: Toutiao, Didi, and Meituan. Toutiao was recently under fire for posting fake ads on their flagship news app, but their punishment came in the form of a permanent ban on their jokes app, Neihan Duanzi, which you can read more about here. Rui compared the Toutiao CEO’s open apology with the Facebook CEO’s congressional hearing happening concurrently in the U.S. Ying-Ying shared news about Didi’s move into food delivery and what it means for the on-demand sector, which you can read about here. She also shared her thoughts and a personal story related to the recent acquisition of Chinese bike-sharing giant, Mobike, by the unicorn Meituan-Dianping, which you can also read more about here. If you are interested in learning more about what’s happening in China’s technology sector, you can also follow us on Twitter @thepandaily and like TechBuzz China on Facebook. If you would like to provide commentaries for the show, you can contact Rui or Ying-Ying on Twitter @ruima and @ginyginy.

At first glance, the investment strategy of veteran private equity manager Cynthia Zhang appears risky. As founder of recently launched private equity firm FutureX Capital, Zhang plans to make mid-to-late stage investments in promising Chinese tech stars, whose valuations are perhaps the highest in the world. China is home to 137 unicorns, or private companies valued at US$1 billion or more, boasting a combined valuation of US$659 billion. It's a concentration  far greater than in any other nation, including the U.S., according to China Money Network's own China Unicorn Ranking. But Zhang, who formerly headed the private equity arm of China Asset Management Co., Ltd., one of China's largest fund managers, believes that it still makes sense to buy Chinese tech stars at what some might consider exhorbitant valuations to achieve returns of "two or three times of investment in one to two years." For example, Zhang reckons that the valuation of Chinese news recommendation and entertainment content platform Toutiao is "quite reasonable, even cheap," she told China Money Network during an interview at Hong Kong's Cheung Kong Center. She noted that Toutiao has a current valuation of US$20 billion, while recorded revenue of nearly RMB16 billion (US$2.55 billion) in 2017, up from RMB6 billion (US$955 million) in 2016. Baidu, by comparison, has a current market capitalization of US$77 billion, even though Baidu recorded revenue of just RMB13 billion in 2017. As such, Toutiao could be worth a lot more than its current price tag after an initial public offering. Another Chinese tech company Zhang feels bullish about is Xiaomi Inc, the Chinese smartphone and smart device maker. Xiaomi, she predicted, could be a more affordable version of Apple for the world's middle class consumers. Given the potential size of the global market, Zhang estimated that once the company starts to monetize its comprehensive and massive user data and generate revenues from other areas such as gaming, "(Xiaomi) could be worth probably over US$100 billion in two year’s time with potential to climb even higher." FutureX Capital has secured initial investor commitment of US$200 million, and Zhang is looking actively to invest into companies similar to Toutiao and Xiaomi. This investment strategy has worked for her in the past. While at the private equity arm of China Asset Management she and her team invested RMB13 billion (US$2.07 billion) across five funds from 2014 to 2018  into companies like Alibaba Group, Chinese photo touch-up app Meitu, Chinese Groupon-like company Meituan Dianping, ride hailing firm Didi Chuxing and Kingsoft Cloud. Most of these companies, despite large valuations, have seen valuations multiply steadily over the past few years. Read an edited interview Q&A below. Also subscribe to China Money Podcast for free in the iTunes store, or subscribe to our weekly newsletter. Q: Can you give us an overview of your past work and why you started your own fund? A: I started my investment career at one of the largest mutual fund managers in China, China Asset Management, and observed big changes in the investment industry and in our portfolio companies. In 2011, I proposed to expand the company's business into private equity. Over the next five years, we made concentrated investment into ten companies including Alibaba, Meitu, Dianping, Didi, Kingsoft Cloud and others, which have all assumed leading position in their respective industries. Out of those ten companies, we have exited from eight with IRR of over 50%. Q: Coming from a public equity mutual fund background, you must have both a public equity and private equity mindset. Can you tell us a little more about your new fund FutureX Capital and its investment strategy? A: When I founded the private equity business in China Asset Management in 2014, I made a very clear strategy to do mid-to-late stage investment, including PIPE (private investment in public equity),

Welcome to the 42nd installment of the Caixin-Sinica Business Brief, a weekly podcast that brings you the most important business stories of the week from China's top source for business and financial news. Produced by Kaiser Kuo of our Sinica Podcast, it features a business news roundup, plus conversations with Caixin reporters and editors. This week, we note that China's legislature elected Yang Xiaodu 杨晓渡, a veteran leader of a Party-based anti-graft organ, as the first chief of the country's newly formed anti-corruption agency created under President Xi Jinping's effort to extend his battle against corruption. We explore the launch of car-hailing services by Meituan-Dianping, one of China's largest online services platforms. We dive deep into China's new efforts to tighten regulations on online videos by calling for local governments to scrub from the web parodies and adaptations that are based on copyrighted content. We hear that profit for Tencent's online publishing unit, China Literature, grew 15-fold last year compared with the previous year. We learn the news that 10 Chinese smartphone makers have vowed to join forces to challenge the growing dominance of WeChat — China's largest social media platform — by creating something called Quick App. We discuss the potential of U.S-listed tech giants Alibaba and JD.com becoming the first companies to make secondary listings on the mainland through the issue of so-called China Depositary Receipts (CDRs). In addition, we talk with Doug Young, managing editor of Caixin Global, about the latest news on the tariff situation between the U.S. and China, and Tencent's biggest shareholder, Naspers, cutting its stake in the company. We also chat with Caixin reporter Poornima Weerasekara about the controversy over China's building of a hydropower dam. We'd love to hear your feedback on this product. Please send any comments and suggestions to sinica@supchina.com.

Eva Xiao, China reporter from Tech In Asia joined us in a two part conversation on the most important events that is rocking the China technology landscape. In the second part of our conversation, Eva discussed the return of China's ride hailing wars and why Didi's dominance in the ride hailing space is now being challenged not just by the bike sharing startups such as Ofo and Mobike but surprisingly from a fellow second generation technology giant, Meituan-Dianping.

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.

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.

Shai Oster, Asia Bureau Chief at The Information, joined us in a conversation to review the state of North East Asia in 2017. We discussed the five major events: SoftBank's Vision Fund, the expansion of Alibaba and Tencent into Southeast Asia and India while battling Google & Amazon in these open markets, China's imposing tougher regulations on both local & foreign tech companies, the ties between US & China tech companies, and the rise of Toutiao, Meituan-Dianping and Didi, with an additional conversation on Xiaomi's upcoming IPO in 2018.

Deals Online services provider Meituan-Dianping has raised an astonishing $4bn in a funding round led by Tencent at a reported $30bn valuation, putting it just outside the world’s five most valuable VC-backed private companies. Uber and Didi Chuxing may be the fundraising kings in the on-demand ride sector, but Lyft is no slouch. It’s closed … Continue reading "23 October 2017 – $4bn for Online Services Provider Meituan-Dianping"

Deals Chinese online services portal Meituan Dianping is reportedly nearing the close of a $3bn round featuring long-term investor Tencent that will value it at up to $30bn. Alibaba has paid approximately $800m to hike its 47% stake in logistics affiliate Cainiao to 51%, as part of a $5bn investment drive to strengthen its logistics … Continue reading "02 October 2017 – Roscosmos Establishes Space Ecosystem Fund"

Venture capitalists around the world are having second thoughts about the value of some of their earlier investments. Over the last year, 102 companies were obliged to raise financing at a lower valuations than during earlier funding rounds, according to CB Insights. While only a few Chinese companies are on the list of so-called down rounds, that will not last long as more Chinese tech firms will be forced to raise money at lower valuations, says Tommy Yip, managing partner at US$210 million-under-management Unicorn Capital Partners. Mr. Yip, founder of the Hong Kong-based fund-of-funds, predicts companies that raised massive series B and C rounds at extremely high valuations, especially O2O (online-to-offline) and P2P (peer-to-peer) start-ups,  may be forced to raise money at reduced prices in order to survive. "I think for companies like Didi Chuxing, they have pressure from existing investors to go public sooner. But if you look at the capital market, it’s not a great time for companies like Didi to go public because an IPO today means a down round from a valuation stand point," Yip said during an interview with China Money Network on the sidelines of the HKVCA Asia Private Equity Forum 2017 in Hong Kong. Chinese on-demand local services provider Meituan-Dianping and Chinese smartphone and smart device maker Xiaomi Inc are in similar situations. The peer review and Groupon copycat Meituan-Dianping raised over US$3.3 billion at a post-money valuation of US$18 billion last January, while Xiaomi's gross worth was set at US$45 billion when it last raised US$1.1 billion in 2014. Investors of both companies have been reportedly seeking to sell shares in private markets at significant discounts. That could hurt other Chinese companies looking to raise money, especially overseas. Qudian, an installment online shopping platform previously known as Qufenqi, last raised money in October at a valuation of RMB7.5 billion (US$1.09 billion), down from a pre-IPO round two month earlier valuing the company at a RMB10 billion (US$1.46 billion). Qudian is now rumored to seek US$500 million to US$800 million through a New York IPO during the first half of this year, at a valuation of US$5 billion. Will U.S. investors buy shares at that price? We will soon find out. You can listen to our conversation above or read a Q&A below. Don't forget to subscribe to China Money Podcast for free in the iTunes store, or subscribe to China Money Network weekly newsletters. You can also subscribe to China Money Podcast's Youtube channel or Youku channel. Q: Why did you leave Emerald Hill Capital Partners to establish Unicorn Capital Partners? A: We believed it was a really good timing. I left Emerald Hill back in the end of 2014 and founded Unicorn Capital Partners with my partners in the beginning of 2015. Over the past few years in China, we actually went through a very interesting period, what we call venture capital 3.0 period, where we see a wave of younger venture capital professionals coming out of top firms to start their own venture funds. At that time I believe China was going through an inflection point in technology, media and telecom (TMT) sector, where the economy is starting to shift from the old economy to the new. I think in the next five to ten years, the new economy, mainly TMT and healthcare, will be driving a lot of the growth. We are currently managing two funds, both U.S. dollar funds. Our first fund, I know this is a bit confusing, is actually called Fund Zero, and our second fund is called Fund I. Together, we manage approximately US$210 million. Q: How’s did your fundraising process go? What was your fundraising target? A: We started the fundraising directly after we established the company back in January 2015, and luckily, it was quite smooth. It was a little bit more than our target of US$200 million. Q: China's venture capital sector has experienced a boom and is perhaps adjusting to...

In this episode of China Money Podcast, guest Andrew Teoh, founding partner of Ameba Capital, spoke to our host Nina Xiang. Teoh shared his views on potential mergers among Chinese tech companies that could take place in 2016, what start-ups China's BAT (Baidu, Alibaba, and Tencent) are looking to acquire right now, and if Chinese venture capital investments will cool further next year. Don't forget to subscribe to China Money Podcast for free in the iTunes store, or subscribe to China Money Network weekly newsletters. You can also subscribe to China Money Podcast’s Youtube channel or Youku channel. Q: Give us a brief introduction of Ameba Capital? A: We were founded in 2011 by three partners, former Kingsoft chief financial officer Kevin Wang, Koubei.com's founder Frank Lee, and myself. We focus on making early-stage investments in the technology sector in China, and have invested in numerous companies. Some of our more well known portfolio companies include Kuaidi, or now Didi Kuaidi, Mogujie, and the merged Meituan Dianping. Q: That's three unicorns right there, but we will talk about that later. You also had an interesting career before co-founding Ameba. Can you tell us a bit more? A: I was born and grew up in Malaysia, but also worked and lived in Australia, Hong Kong and Beijing. I joined Alibaba in 2005, when the company had slightly over 1,000 employees. By the time I left, Alibaba had over 20,000 employees. I was involved in Yahoo's investment in Alibaba, Alibaba.com's Hong Kong initial public offering in 2007, and Alipay's restructuring, during a period of the company's rapid growth. Q: What did that experience teach you about investing as a venture investor? A: I realized that a company is very much like any other living form. It grows and changes. I was dealing with issues and transactions signifying the stage of growth the company was in. Now as an investor in small start-ups, I'm dealing with early-stage growth similar to a child's growth. I was able to use my experience at Alibaba to help start-ups enter their next phase of expansion, and help them solve the challenges in that process. Q: Ameba Capital closed a second fund, bringing total asset-under-management to RMB1 billion (US$160 million). How was the fundraising process? A: It didn't take that long. The fund was filled up just from commitments from existing investors to our first fund. My partners and I are still the single largest group of investors in the fund. Q: Would you consider raising a U.S. dollar fund? A: I will never rule that out, but the capital markets in China have changed a lot during the past year. RMB as a form of investment currency will become more important, especially in the tech world. When I started Ameba, it was rare to see RMB-denominated institutions investing in technologies because a lot of capital was from U.S. dollar funds, and exits were all overseas. But that is changing rapidly. There are more exits domestically, also more M&A happening among domestic firms. Q: So you see more RMB funds to be raised, more domestic listings and deals happening in the future? A: Yes, we will see that both in early-stage and late-stage investments. I think that's very healthy, and it shows that our format has worked. Q: How much do you invest per deal, and how many companies have you invested in total? A: For our second fund, we invest in pre-A and series A rounds, so from a few million RMB to tens of millions RMB. Cumulatively, we have backed around 60 companies. Q: In terms of strategy, will there be any changes from your previous focus on e-commerce, corporate services, advertising, etc.? A: We will continue our strategy to focus on the data aspect of e-commerce, a very niche market of advertising. We also like a few verticals such as healthcare and education. Our sector focus hasn't really changed, but the companies operating in these areas have changed...