Trading Concept
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Trading Concept
No Result
View All Result
Home Trading News

‘Tip of the spear:’ Venture capitalist says Chinese tech companies are just starting to go global

by
December 6, 2021
in Trading News
0
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Energy agency chief warns transition to renewables is off track, issues warning on stranded assets

Buying the dip on energy stocks? Wall Street pros name their top picks

Ben Harburg, managing partner at MSA Capital speaks to CNBC’s Evelyn Cheng at the annual East Tech West retreat in the Nansha district of Guangzhou, China on Dec. 1, 2021. Harburg discussed Chinese tech companies’ ambitions to go global.

CNBC

GUANGZHOU, China — Chinese technology companies are considering expanding overseas much earlier in their lifecycles, a venture capitalist told CNBC — marking a shift in attitude among firms in the world’s second-largest economy.

That shift has been prompted in part by China’s tighter regulatory scrutiny on technology as well competitive pressure in certain sectors, according to Ben Harburg, managing partner at venture capital firm MSA Capital.

“It’s also forcing Chinese companies much earlier in their lifecycle to think about going global,” Harburg said at CNBC’s annual East Tech West conference in Nansha, south China.

Harburg said that a few years ago, his venture capital firm was working with social media or cross-border e-commerce companies that were more mature. But today, early-stage companies in sectors from artificial intelligence to health care are going global or “thinking about plotting their globalization strategy,” he said.

Such Chinese firms could find that their business models work in emerging markets, in particular, Harburg said.

“Our view was that Chinese business models are global best practices, especially for emerging markets, because the way that Chinese consumers have evolved with technology is much more reminiscent of the way the next wave of consumers in India and Pakistan and Egypt and in Nigeria, and Brazil, will engage with technology,” he said.

There are only a handful of examples of Chinese technology firms finding success overseas in the past. But in more recent times, there has been a rise in China-based tech companies growing their international businesses.

Beijing-based Xiaomi is now the third-largest smartphone player by market share globally — thanks to big gains in India. Chinese tech giant ByteDance’s short video app TikTok has a billion monthly users globally.

Chinese fashion brand Shein has also caught on with young Western consumers.

Meanwhile, giants like Alibaba and Tencent continue to expand their overseas businesses.

“I think maybe there’s the perception that this is, you know, this is kind of the pinnacle of China’s expansion into these markets,” Harburg said.

“But our view is that this is just the tip of the spear, and that there is a long tail of Chinese built companies addressing financial services, education, health care, and other social applications in both emerging markets and even in more mature markets.”

ShareTweetPin

Related Posts

Energy agency chief warns transition to renewables is off track, issues warning on stranded assets

by
March 28, 2023
0

The current German coalition government is seeking to accelerate the country's transition away from fossil fuels and nuclear to renewable...

Buying the dip on energy stocks? Wall Street pros name their top picks

by
March 28, 2023
0

Energy was the second-best-performing sector of the S & P 500 last week, as investors flocked back into the stocks...

Most Americans think Trump did something illegal or unethical, poll finds

by
March 28, 2023
0

Former US President Donald Trump speaks at a campaign event in Waco, Texas, US, on Saturday, March 25, 2023. Brandon...

Chipotle to pay ex-employees $240,000 after closing Maine location that tried to unionize

by
March 28, 2023
0

In this article CMG Follow your favorite stocksCREATE FREE ACCOUNT Chipotle Mexican Grill has agreed to pay $240,000 to the...

4G internet is set to arrive on the moon later this year

by
March 28, 2023
0

In this article NOKNOKIA-FI Follow your favorite stocksCREATE FREE ACCOUNT Nokia hopes to install a data network on the moon...

Next Post

European stocks head for higher open as omicron variant, bitcoin volatility watched

One U.S. state consumes half the oil from the Amazon rainforest, report finds

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • WHO says Covid vaccine booster programs will prolong pandemic

    0 shares
    Share 0 Tweet 0
  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Spin or Split? AT&T Has a Big Decision to Make on Discovery Stake.

    0 shares
    Share 0 Tweet 0
  • Here’s how Carl Icahn is positioning for a possible recession in America

    0 shares
    Share 0 Tweet 0
  • Some lawmakers and their families are betting thousands of dollars on crypto

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by tradingconcept.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.tradingconcept.net