Dec 31, 2019
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):
Oster (@beijingscribe, LinkedIn, TheInformation Profile), Asia Bureau Chief in The
since your last appearance on the show, what have you been up
to IPO in end 2019.
- ByteDance will continue to grow and fight
Facebook in Southeast Asia, but will not
Financial’s path to IPO is not clear.
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.
of China and SoftBank for 2019
are the few events which you feel that 2019 has shifted the
trajectory for SoftBank and Chinese tech giants?
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
has Huawei been doing and coping with all the challenges they’re
facing in the U.S.?
you think that the Huawei CEO has been responding well to the
is the future of 5G for Huawei across the world?
2: The SoftBank debacle with Wework and Vision Fund 2
all know that WeWork is not what used to be, so has Vision Fund 1
reached the peak with Wework’s collapse?
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?
Oyo in India be the next on a similar trajectory with
SoftBank be able to raise the 2nd Vision Fund in 2020?
the other unicorns backed by SoftBank in danger, for example,
Bytedance and Grab?
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
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?
long term implications & effects to businesses & tech
Bytedance end up in the same predicament similar to
- Bytedance is also getting pushback in India,
does that mean that the overseas growth potential for this company
5: Overseas expansion for Chinese Tech Titans
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?
they compete with Google, Amazon and Facebook in these nascent
will be your predictions for 2020 and what are the key things you
will be watching out for?
& US relationship in 2020
- Tiktok will retreat from US, scale back & renew
their focus on China, India, Southeast Asia & Africa
of Money out of China and US into Southeast Asia and India from VCs
and PE funds.
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.