This past week, we concluded our inaugural “GGV Fellows” program, where 34 global-minded young leaders completed a 1-week intensive training on tech and entrepreneurship in China.
This program, which took place in Beijing, is designed for “sea turtles” — Chinese people who left China at a young age to attend higher education abroad — to get re-acclimated to the Chinese startup ecosystem and business environment.
Our 34 Fellows were carefully selected from over 400 qualified applicants. They come from top institutions around the world…
Today, we are excited to announce that Yellow, a leading micro-mobility platform based in Brazil, has raised $63 million in series A led by GGV Capital. Yellow launched Brazil’s first dockless bike-sharing service in Sao Paulo in August 2018. It has also begun piloting e-scooters and developing e-bikes to provide a comprehensive micro-mobility solution to users in Brazil and beyond. Additionally, Yellow offers digital payments through its Yellow Pay platform. We are thrilled about the partnership and wanted to share our thoughts on why we made the investment.
First, Yellow fits with…
Pinduoduo is China’s most valuable private e-commerce company that just filed for a US IPO, less than 3 years after it was founded. With over 300 million active buyers, it has risen to become one of China’s top 3 shopping apps. In this deck, we explain how Pinduoduo works and what led to its rapid growth.
Click here for a downloadable PDF version of the deck.
Meituan-Dianping is a $30 billion Chinese company that wants to be the “Amazon for services”. In this deck, we show that providing a multitude of services as a “super app” allows Meituan to generate significant revenues from merchants and avoid using capital-intensive subsidies to lower prices for consumers — a sound business model that will be hard to beat. For more on Meituan, read our article Why Meituan-Dianping’s Expansion Makes Sense.
Written in collaboration with Zara Zhang
Last month, the Chinese content giant Bytedance announced that it has signed an agreement for short-form video app Musical.ly to merge with Bytedance. The deal was closed last week.
As one of the major investors in Musical.ly, GGV Capital co-led the company’s Series B and C. I have been a board member of Musical.ly since 2015. Upon the closing of this merger, GGV Capital has become a shareholder of Bytedance.
My colleagues at GGV and I have all known Bytedance’s founder Zhang Yiming for years. I remember first having a conversation with Yiming in…
Written in collaboration with Zara Zhang.
When I saw the Tokyo subway map during my first trip to Japan in 2008, I was filled with optimism for China’s tech sector. Why?
History has taught us that explosive growth in transportation systems is often followed by periods of economic boom. During the American Civil War, the number of miles of railroad track in the U.S. more than doubled, which ultimately helped to fuel the dramatic expansion of the steel and iron industries. The resultant post-war economic boom helped to transform the U.S. from an agricultural to an industrial society.
By Hans Tung & Robin Li
Silicon Valley has long been the center of the universe for tech companies that disrupt the status quo. But a confluence of trends — the geographic diffusion of engineering and product management talent, millennial purchasing power, and the rise of e-brands via social media — are creating new opportunities around the country.
In the past year, New York has reached a tipping point as consumer-facing startups proliferate and, similarly, Los Angeles is getting noticed for the success of Snap and Dollar Shave Club (among others).
Silicon Valley’s absolute monopoly on tech talent is shifting…
Marketers love slicing and dicing by region: APAC, NorAm, LatAm, MENA, ANZ, etc. But what if the best way to slice is no longer by geography, but by age?
Marketers may need to geo-locate for one-off campaigns, but as technology adoption influences our daily routines, forward-thinking entrepreneurs and investors can look to how generations across geographies are more similar than different for new opportunities.
Take millennials in China and the United States. If you want insight into Chinese millennials, you’re better off looking to their American peers than their Chinese parents. This wasn’t always the case: a Chinese person in…
This article originally appeared in TechCrunch on Oct 7, 2015.
A generation ago, well-known Internet and tech giants with global ambitions tried to break into the Chinese market but often failed.
Those attempts have been well-documented, but conditions change when a country like China goes through its own mobile revolution.
Fast-forward to 2015, and times have changed drastically. Today, startups around the world have a real chance to break into China, no matter how global financial markets are behaving.
That generational change is a big deal — in a world where startups are judged by how fast they grow —…
Global VC. GP@GGV. Lived in 10 cities. Travel b/w SF/China. Proud #Stanford alum & #Lakers fan. Served on BOD of Xiaomi, eHi, Fanli, Wish, Curse, RED, Misfit