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Harbinger Asia and Adam Bao에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Harbinger Asia and Adam Bao 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
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Harbinger Asia
모두 재생(하지 않음)으로 표시
Manage series 3039317
Harbinger Asia and Adam Bao에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Harbinger Asia and Adam Bao 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
Your gateway to Asia's innovation economy. We interview Asia's top founders and investors to translate their stories for the world. Originally created in 2017 by Adam Bao at Shunwei Capital (founded by Lei Jun).
…
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44 에피소드
모두 재생(하지 않음)으로 표시
Manage series 3039317
Harbinger Asia and Adam Bao에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Harbinger Asia and Adam Bao 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
Your gateway to Asia's innovation economy. We interview Asia's top founders and investors to translate their stories for the world. Originally created in 2017 by Adam Bao at Shunwei Capital (founded by Lei Jun).
…
continue reading
44 에피소드
모든 에피소드
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Harbinger Asia

1 Kai Huang – From selling dance pads to rock stardom: bootstrapping Guitar Hero to $1B 1:22:54
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Today we sit down with Kai Huang, co-founder of RedOctane and the iconic game Guitar Hero. Kai shares his journey, from growing up in Silicon Valley as the child of Taiwanese immigrants to creating one of the most legendary music game franchises of all time. He reflects on key lessons from building RedOctane, including an early pivot from renting video games (like Blockbuster) to selling high-margin dance pads — a move that helped them bootstrap growth despite early struggles raising venture capital. Kai reveals the inspiration behind Guitar Hero, their immediate and explosive growth, and the challenges of forecasting demand. He also shares clever strategies for managing retailer demand that fueled their rapid rise, ultimately leading to a $100m exit to Activision (all in stock) just eight months after launch. Activision’s stock went on to 10x (not a bad return!), while Guitar Hero generated billions more for the company. Kai also reflects on the role of luck, the importance of survival, and other key lessons learned along the way. Finally, he shares what he’s spending time on today, including with 886 Studios, a venture studio helping founders in Taiwan build for the global market. Show Notes (00:02:54) — Growing up in Silicon Valley and early influences (00:09:20) — Jumping into start-ups during the internet boom, Adux Software, early lessons (00:13:15) — Launching RedOctane: from video game rentals to dance pads. The importance of pricing (00:37:10) — Transitioning into music games and seeing the Guitar Hero opportunity (00:41:38) — Launching Guitar Hero, early success, managing retailers, and scaling up (00:59:41) — $100M acquisition by Activision and navigating post-acquisition growth (01:09:35) — Reflections on luck, survival, and entrepreneurship (01:17:55) — Building 886 Studios and supporting start-ups in Taiwan ----------------------------------------------- Subscribe on Spotify: https://open.spotify.com/episode/0wTzRhxv1K7UogRzXxllhz?si=OK3QErmaSjmp2zj1E3uYtg Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/kai-huang-from-selling-dance-pads-to-rock-stardom-bootstrapping/id1271715066?i=1000702678710 Visit our Website: https://harbingerpodcast.substack.com/ Visit 886 Studios: https://886studios.com/…
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Harbinger Asia

1 Building off the Beaten Path in Asia – with Metatheory COO Adam Bao 1:22:28
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Hi folks, welcome back! Today Sandy Diao (Director of Growth at Descript) joins us to guest host and interview Adam Bao, founder of The Harbinger and COO at Metatheory. Since 2017, Adam took the path less traveled to explore business model innovation and venture deals across China, Taiwan, and SEA. Adam double clicks into startups he evaluated alongside Hurst Lin (Cofounder at Sina and DCM Ventures) during the Covid years. It’s a roving discussion that highlights the importance of unconventional thinking and competitive differentiation across categories ranging from e-bikes to K12 dance networks to selling upcycled trash products. Adam also describes his early entry into the world of Web3, building games + new IPs at Metatheory with Kevin Lin (Twitch cofounder) and the team. To date, Metatheory has launched the DuskBreakers IP collection, raised $24m+ from lead investors including a16z, Pantera, Dragonfly, Breyer Capital, Sfermion, and Merit Circle, and is currently building out its flagship games. Finally, Adam shares hard earned lessons about scaling high quality teams and organizations, and how he manages (and leverages) chronic pain as a lever. Show Notes (00:00:00) — An early education on the value of differentiation (00:04:40) — Insights into Chinese startups at Shunwei Capital (Xiaomi CEO Lei Jun’s fund) (00:07:35) — Building out The Harbinger podcast and network (00:14:05) — Generating 100m+ views for The Harbinger while on Chinese dating show 非诚勿扰 (If You Are The One) (00:18:33) — Segue to Segway-Ninebot (Loomo, delivery robots, and e-scooters!) (00:22:42) — Launching Beam, Asia Pacific’s largest shared micro-mobility company (00:27:32) — Moving to Taiwan during COVID, sniffing out unconventional opportunities and hidden gems with Hurst Lin (Cofounder at Sina and DCM Ventures) (00:41:28) — Taiwan the “recycling kingdom” and a business in upcycling trash! (00:47:52) — K12 dance education to power the next vertical social network? (00:53:03) — But what about manufacturing opportunities in Taiwan? (00:56:53) — The wacky world of games, Web3, and building with Kevin Lin (Twitch cofounder) (01:06:32) — Lessons learned while building Metatheory & DuskBreakers (01:11:53) — Managing chronic pain and finding strength in vulnerability Medium post here: https://medium.com/the-harbinger-china/building-off-the-beaten-path-in-asia-with-metatheory-coo-adam-bao-a31f16c750eb.…
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Harbinger Asia

1 Hunting for Chinese Cloud Unicorns – with Eminence Ventures Founder Peter Cheng 51:45
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Today we have joining us Peter Cheng, who is founding partner at Eminence Ventures. Eminence just raised $120m for its second fund focused on backing Chinese enterprise software and cloud start-ups. After a decade of torrid start-up growth driven by mobile and consumer internet, China’s enterprise software market is poised for a breakout and expected to reach $40bn in revenue in 2025. Peter shares with us his formative experiences across eBay, AdChina (adtech start-up he founded that was acquired by Alibaba), and Tencent (as GM of ads products), before launching his career as a venture capitalist. Peter provides an overview of China’s cloud market, key opportunities across horizontal and vertical software, AI, and IT infrastructure. He describes key success factors and go-to-market strategy for such companies, including for portfolio companies Tsign and Recurrent.ai. Finally, Peter illustrates key differences between the US and Chinese environments and how that impacts the development trajectory of software companies.…
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Harbinger Asia

1 Ice Cream, Masa Son, and Bringing Wireless to China – with UT Starcom Founder Hong Lu 1:15:48
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Today we have a special episode with Hong Lu, founder of UT Starcom, one of the pioneering telecom companies in China. Hong is widely respected not only as a tech entrepreneur, but also as founding chairman at SoftBank China Venture Capital (which wrote an initial $18m check for Alibaba), and for his close friendship and successful collaboration with Masayoshi Son, founder of SoftBank Group and the Vision Fund. The story goes, while working the night shift at an ice cream shop near UC Berkeley, Hong met Masa Son, who refused to pay for a milkshake unless it was made extra thick. The two Japanese speakers became fast friends and eventual business partners on Masa’s first start-up, an electronic translator that would sell to Sharp for $1.7m, and the rest is history. Hong shares with us his personal story, what it was like partnering with Masa on multiple ventures over the years, bringing wireless services to China, and key lessons learned along the way. Enjoy! Link to write-up: https://www.theharbingerchina.com/blog/ice-cream-masa-son-and-bringing-wireless-to-china-with-ut-starcom-founder…
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Harbinger Asia

1 NFTs and the Metaverse - with Axie Infinity Cofounder Jeff Zirlin 41:03
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Hi folks, welcome back to the Harbinger VC podcast. Today we have a conversation with my old friend from college, Jeff Zirlin, who is one of the founding members of Axie Infinity and runs their global growth efforts. In short, Axie Infinity created a Pokémon-inspired universe where players can earn tokens through gameplay, and in a just few years has become the #1 Ethereum game with over $1bn token market cap. Today’s interview is spontaneous, but I had to get Jeff on since NFTs (non-fungible tokens) and the Metaverse are white hot conversation topics these days, especially after Beeple’s $69 million NFT sale and Roblox’s IPO. We cover Jeff’s initial foray into the world of crypto starting with Ethereum and CryptoKitties, which eventually led to Axie Infinity. We talk through NFT technology in practical terms… what ownership over digital assets enables, starting with collectibles and brand IP but moving into games and virtual worlds. In particular, Jeff highlights the strength of the Axie Infinity community. While Axie is a fun game, it has also created a social network (and jobs platform!) based on play to earn opportunities and community engagement across its players globally, from the US and Europe to Japan and Southeast Asia. Write up: https://www.theharbingerchina.com/blog/nfts-and-the-metaverse-with-axie-infinity-cofounder-jeff-zirlin…
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Harbinger Asia

1 Three Decades of VC/PE Investments in Asia – with Axiom Asia Founding Partner Edmond Ng 1:11:37
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Hi everyone, welcome back to the Harbinger VC podcast. Today we have joining us Edmond Ng, who is a founding partner at Axiom Asia, one of the top performing private equity fund-of-funds (FoF) that invests across venture, growth equity, and buyouts in the greater Asia region. Axiom has had a stellar run since 2006, recently closing $1.8 bn for their Fund 6 (managing $7bn AUM overall), so they’re well capitalized to continue backing growth in the region. Edmond shares with us his formative experiences, including what it was like to join GIC at the height of the Asian Financial Crisis in 1997 and lessons learned. Edmond describes the founding of Axiom Asia, what it took to survive in the early days, and some of Axiom’s best investment decisions. At the same time, Edmond discusses challenges and tough decisions that FoFs must make with regards to their managers, as well as the differences in PE investing across stage and region. Finally, we cover some of the shifting market dynamics in China, from key technological and commercial trends to financial liberalization and the growing attractiveness of Chinese stock exchanges. Link to write-up: https://www.theharbingerchina.com/blog/edmond-axiom-asia-1…
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Harbinger Asia

1 HTC, VR, & the Future of the Internet – with HTC Product Executive & Race Capital Partner Phil Chen 1:05:13
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Today we’re recording at the KKBOX studio in Taiwan, big thanks to the Firstory team for setting this up. We have joining us Phil Chen, founding partner of Race Capital and product executive at HTC, whom I can only describe as a basketball loving, deep tech investing, future building nerd of a modern Renaissance man. While at HTC, Phil led product management for the first ever Android phone, founded Vive VR, and launched the world’s first blockchain phone (HTC Exodus). At the same time, Phil ran HTC’s corporate development efforts, where he invested in KKBOX and SoundHound, and also led HTC’s acquisition of Beats Electronics, which was eventually acquired by Apple. As a VC and advisor at Horizon Ventures (Li Ka-Shing’s venture fund), Phil managed their deep tech investments, where he served as a board director for over fifteen companies globally including Improbable, Soul Machines, Kneron, Scopely, Sentient, Fano Labs, Amper and 88Rising. On today’s podcast, Phil shares the insider scoop on HTC’s incredible rise and eventual decline that hasn’t been heard before, including an early opportunity to invest in Xiaomi when it was worth only $150m. Phil describes his investments in VR, especially as it pertains to health and how VR hacks the visual cortex to reduce pain, improve mental wellness, etc. Phil speaks to the potential of a blockchain powered future, as well the opportunity for Taiwanese start-ups to build world-class companies, especially as so many successful entrepreneurs return from Silicon Valley during the COVID era. Lots to cover on today’s podcast, enjoy! Link to write-up: https://www.theharbingerchina.com/blog/phil-chen-htc-vr-blockchain-1…
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Harbinger Asia

1 A Sniper’s Approach to Tech Growth Capital – with WestSummit Capital’s Founding Partner Raymond Yang 1:00:10
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Raymond Yang is founding partner of WestSummit Capital, a leading technology growth equity fund that primarily invests in the US and China. Since 2010, the team has led investments into defining unicorns including Unity (~$41bn mobile game and real-time 3D development engine), Segway-Ninebot (~$8bn mobility + robotics platform), Twitch (gaming live video platform leader acquired by Amazon), GigaDevice (~$15bn NOR flash storage chip design), and more. Before his investment career, Raymond led the turnaround of Linktone and its successful IPO on NASDAQ in 2004. He also founded RivalWatch (retailer market intelligence) and Saratoga Technology (voice messaging services equipment). Today, Raymond shares with us his fascinating story, from growing up in Beijing and attending Tsinghua University to moving to Silicon Valley, launching his entrepreneurial career. Raymond then describes WestSummit Capital’s investment strategy in more detail, and shares more insights and lessons learned from key portfolio companies such as Unity. Raymond also shares key success factors for Segway-Ninebot and explains the significance of its IPO on the Shanghai STAR board (issued first CDRs in China). Hope you enjoy! Link to write-up: https://www.theharbingerchina.com/blog/westsummit-capital-raymond-yang-snipers-approach-to-tech-growth-capital…
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Harbinger Asia

1 Pioneering Live Stream and Social Entertainment in Asia – With 17LIVE Founder Joseph Phua 56:20
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Joseph (Jo) Phua is non-executive chairman of 17LIVE Inc, a company he cofounded and ran as CEO until June 2020. 17LIVE operates the largest live streaming platform in Asia (ex-China) with over 50m global users, led by its flagship app 17LIVE, as well as Meme Live and live stream eCommerce solutions HandsUP and FBBuy. Today, Jo shares with us his fascinating story, from selling watches in China to building Paktor (Tinder of Southeast Asia) and eventually merging it with 17 Media, resulting in one of the few and most notable internet unicorns that grew out of Taiwan + Japan. Jo discusses the operational challenges of running an online dating and live stream business, a fundraise strategy unique to Southeast Asia, and the importance of product-market fit and execution. He also shares his approach to growth, both in terms of M&A as well as market entry. Hope you enjoy! Link to write-up here: https://www.theharbingerchina.com/blog/pioneering-live-stream-and-social-entertainment-in-asia-with-17live-founder?categoryId=23497…
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Harbinger Asia

Today we have joining us Faisal Galaria, CEO of Blippar, a pioneer in augmented reality (AR). Now Blippar has a roller coaster of a story… the one-time unicorn raised $100m+ in venture funding but struggled to find a sustainable business model, burned through its cash and entered bankruptcy proceedings, before returning as a new business based on its drag-and-drop AR content creation tool (think WordPress for AR). Faisal joins to guide Blippar’s relaunch and set it on a sustainable growth track, leveraging experiences from his time scaling Skype as an early executive, and Spotify as SVP of International. Faisal shares with us what Blippar is working on these days, key drivers for AR adoption (from COVID-19 to 5G), what developments he sees in the AR/VR space, as well as examples of what Blippar is working on with clients, including with key clients in China and Asian markets. Link to write-up: https://www.theharbingerchina.com/blog/ar-s-comeback-kid-with-blippar-ceo-faisal-galaria?categoryId=23497…
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Harbinger Asia

1 Investing in Chinese Enterprise and Core Technology - with Oak Seed VC Founding Partner Chee-We Ng 46:32
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The Harbinger interviews Chee-We Ng, founding partner of Oak Seed Ventures. Chee-we invests solely in early-stage enterprise and core technology startups, and offers strategic advice and his network in order to help them succeed. Chee-We studied Electrical Engineering and Computer Science at MIT and has been programming in C and C++ since he was fourteen. Prior to founding Oak Seed, he was a managing partner at CRCM, a venture partner at Redpoint, led Cisco Investments in China and was a McKinsey consultant. He was the seed investor in many enterprise and core technology startups including Kyligence, Fastone, Oushu and Shangyong/Xinji. With Chee-we, we talk through several developments in China’s enterprise and cloud market, including trends across SaaS, data analytics and AI, data infrastructure and more. We also discuss the impact of geopolitics that has brought about an opportunity in “import substitution” away from global chipsets and core enterprise software. Finally, Chee-we shares his views on how to assess technical deals and founders, and offers advice to aspiring technical entrepreneurs. Link to write-up: https://www.theharbingerchina.com/blog/investing-in-chinese-enterprise-and-core-technology-with-oak-seed-vc?categoryId=23497…
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Harbinger Asia

1 Digitizing Logistics Infrastructure – with Kargo Founder and CEO Tiger Fang 50:30
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The Harbinger interviews Tiger Fang, cofounder and CEO at Kargo Technologies, a Jakarta-based startup that aims to digitize trucking and freight logistics in Indonesia before expanding to other markets in Southeast Asia. Kargo counts among its investors Sequoia Capital, ZhenFund, Intudo Ventures, ATM Capital, Coca-Cola, as well as Uber cofounder Travis Kalanick. Kargo recently raised $31m in its Series A led by Tenaya Capital. With Tiger, we cover his journey over the past decade, initially as Managing Director at Lazada Thailand before joining Uber to manage Western China and Indonesia as General Manager. We then examine Kargo’s solution, discuss how it incorporates into the logistics supply chain, how to develop route and pricing optimization, before shifting to competition and opportunity in the market, and the impact of China on Kargo and the broader SEA ecosystem. Link to write-up: https://www.theharbingerchina.com/blog/digitizing-logistics-infrastructure-with-kargo-founder-and-ceo-tiger-fang?categoryId=23497…
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Harbinger Asia

1 A Review of Enterprise, Tech, and the Chinese Consumer – with Lightspeed Assoc Partner Zac Pan 45:14
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Zac (Xiang) Pan is Associate Partner at Lightspeed China Partners (LCP), one of China’s top early stage VCs managing $2 billion USD. Zac joined LCP in January 2013, after having worked at Steamboat Ventures (Disney corporate VC) and China Renaissance. Since then, Zac has invested in some of Lightspeed’s top deals, including QingCloud, Spark Education, Full Truck Alliance (Manbang), IfChange, PeerSafe and more. With Zac, we hop on a Zoom call (while the coronavirus epidemic rages on), to explore LCP’s investment strategy, team structure, and how it collaborates with its sister funds around the world. We also touch on consumer, enterprise, deep tech, and macro trends as Zac shares what he’s looking at and what he finds interesting in the China market. The zoom call quality came out ok, apologies for some any disclarity in the audio! Link to write-up: https://www.theharbingerchina.com/blog/a-lightspeed-review-of-enterprise-tech-and-the-chinese-consumer-with?categoryId=23497…
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Harbinger Asia

1 Enabling Content Discovery and Sharing for the Next Billion Users – with SHAREit COO Jacky Wang 49:07
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Jacky Wang is COO of SHAREit, a platform that provides global users with high-quality digital content simply and quickly. Its basic file transferring function is over 200x faster than Bluetooth and enables sharing of files, photos, videos and music of any format. SHAREit has served emerging markets since 2015 and now has 1.8 billion installs and 600 million MAUs. Jacky previously worked at Google, Zynga, and Pinterest, before moving back to China to lead SHAREit. Jacky shares how SHAREit stumbled into the emerging market opportunity, deeply understanding and then serving core user needs, riding viral growth to capture a huge user base, and future monetization methods. Link to write-up: https://www.theharbingerchina.com/blog/enabling-content-discovery-and-sharing-for-the-next-billion-users-with?categoryId=23497…
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Harbinger Asia

1 Blitzscaling Hotels in China – with OYO JiuDian CTO Zou Jia 40:37
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Zou Jia is CTO of OYO JiuDian (OYO China), a Chinese hotel chain operator that since November 2017 has scaled to over 500,000 rooms on its platform by February 2019 and raised over $800 million from Softbank’s Vision Fund. OYO JiuDian partners with fragmented hotel owners in China by aggregating them onto its platform through leases or franchises and through renovations, standardizes the user experience. Jia shares insights on why he moved back to China from SF, OYO JiuDian’s consumer product philosophy, how they manage supply, the fragmented Chinese hotel marketplace, and how he’s applied blitzscaling learnings from Uber China and Mobike to OYO JiuDian and more. Link to write-up: https://www.theharbingerchina.com/blog/blitzscaling-hotels-in-china-with-oyo-jiudian-cto-zou-jia?categoryId=23497…
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Harbinger Asia

1 Pioneering China Seed Investing – with ZhenFund Managing Director Yuan Liu 43:52
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Yuan Liu is a managing director at ZhenFund, one of China’s top seed funds founded by Xu Xiaoping (Bob Xu) and Wang Qiang (Victor Wang), cofounders at NYSE listed New Oriental Education, along with Sequoia Capital China. While at ZhenFund, Yuan has invested in some of their top deals, including autonomous driving unicorn Momenta, Yi23, Castbox, 12 Sigma, and more. With Yuan, we’ll learn more about ZhenFund’s investment focus, fund strategy, and how it differentiates against other funds. We’ll explore best practices when it comes to deal sourcing and portfolio management. Yuan also shares with us what trends he’s looking at in China, and some of the advantages and disadvantages of Chinese teams building start-ups tackling global markets. Link to write-up: https://www.theharbingerchina.com/blog/pioneering-china-seed-investing-with-zhenfund-managing-director-yuan-liu?categoryId=23497…
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Harbinger Asia

1 Digital Asset Management with Chinese Characteristics – with Tezign Founder and CEO Dr Fan Ling 37:38
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The Harbinger interviews Dr. Fan Ling, founder and CEO of Tezign. We had our initial conversation with Dr. Fan back in fall 2017, and his company has since grown from 30 to nearly 200 people, so we’re quite excited to dig in and understand what’s changed at Tezign and in the broader China market since that time. As a refresher – Tezign is a digital platform for creative talent and content resources based in Shanghai. It provides two primary solutions for large global brands: a creative supplier platform (match projects and companies with the right designers and creatives) as well as a digital asset management, data intelligence solution. With Dr. Fan, we discuss Tezign’s growth, evolution in its business model, key client pain points, a competitive landscape ranging from freelance platforms and SaaS solutions to agency models, the importance of culture and talent development, and more. Link to write-up: https://www.theharbingerchina.com/blog/digital-asset-management-with-chinese-characteristics-with-tezign-founder…
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Harbinger Asia

1 Who Needs an AI Teacher? – with Liulishuo (LAIX) Founder & CTO Ben Hu 42:43
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We interview Ben Hu, Cofounder and CTO at Liulishuo, an AI-powered English learning solution with nearly 100 million registered users that IPOed in September 2018 (as LAIX). On Liulishuo’s platform, AI technologies are integrated with learning content, well-established language learning pedagogies, gamified features and social elements to deliver an interactive and adaptive learning experience. Ben shares his perspective on a number of topics, including: his journey from China to NYC/SF and back, what is Liulishuo and how does its AI work, the importance of integrating cutting-edge tech with a keen understanding of consumers and quality education content, how Liulishuo compares to other edtech giants in China, Liulishuo’s growth strategy, and more. Link to write-up: https://www.theharbingerchina.com/blog/who-needs-an-ai-teacher-with-liulishuo-founder-cto-ben-hu…
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Harbinger Asia

1 How the China-US Relationship Evolved – with Howard Chao, Founding Partner of Doon Capital 41:29
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Today we have the pleasure of interviewing Howard Chao, an active cross-border investor and advisor to entrepreneurs. Howard began his career as a corporate lawyer with O’Melveny & Myers, helped found the firm’s offices in Tokyo, Shanghai, Hong Kong, and Beijing, practiced law for many years as a cross-border investment specialist, and was chair of O’Melveny & Myers’ Asia practice. In the past six years, Howard has moved to the principal side of investing, and now makes angel and other VC investments in earlier stage companies through his personal vehicle, Doon Capital. Howard invests primarily in startups located in the US and China, including fintech, mobility, agtech, foodtech, and other verticals. Howard shares his perspective on a number of topics, including: the development of Chinese trade and investment flows since the 1990s, the progression of VC investment into China beginning in the mid-2000s, Chinese outbound capital, the role of CFIUS in monitoring Chinese investment into US companies, and the beginnings of not only a trade war, but potentially an economic cold war between China and the US, and what this can mean for investors and founders. Link to write-up here: https://www.theharbingerchina.com/blog/china-us-investment-and-how-it-evolved-with-howard-chao-founding-partner…
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Harbinger Asia

1 Where are the Most Promising VC Investment Opportunities in China? - with Tina He and Adam Bao 48:38
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Rapid fire Q&A with Tina He and Adam Bao. Covers China VC trends and opportunities across consumer internet, education, enterprise, AI, China <> US, and more. Full transcription at: http://www.theharbingerchina.com/blog/where-are-the-most-promising-vc-investment-opportunities-in-china TL;DR 👇🏻 - Wechat's ecosystem offers a new playground where customer acquisition cost is extremely low, so there's a lot of new opportunities here to leverage this distribution channel. - Ed tech in China is booming with people's eagerness to learn as well as the companies' capability to monetize through paid content. Accessibility of knowledge and information becomes huge because more and more people feel anxious that they'd be left behind. - Mobile first payment has made transactions within products extremely seamless and easy. - Enterprise software is still in its early stage because companies are unwilling to pay, but tons of opportunities in the future as small companies are undergoing rapid growth. - Competition is super fierce in China with major big players (counterparts of FANG in the US)... incumbents have a lot of power! There are so many peeps in China that a specific TAM can be a lot larger than people expect— serving a targeted niche market or coming up with a creative business model are great ways to stand out. - The startup ecosystem is truly becoming global — more VCs are coming to China and Chinese VCs are also encouraging talents in the US to found companies in China.…
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Harbinger Asia

1 Understanding Xiaomi’s Global Strategy – Donovan Sung, Xiaomi Global’s Head of Product & Marketing 37:03
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We recently visited the Xiaomi office to chat with Donovan Sung, Director of Product Management and Marketing at Xiaomi Global. Over the past few years, Donovan has led not only product development, but also helped build the global team at Xiaomi responsible for launching in dozens of new markets around the world and turning Xiaomi into a truly global brand. We discuss Xiaomi’s global product and business strategy, how this varies by market (e.g. China vs. developing markets vs. developed markets), key channels and partners, and how Xiaomi has been able to achieve incredible international success in such a short period of time. Link to write-up here: https://www.theharbingerchina.com/blog/understanding-xiaomi-s-global-strategy-with-donovan-sung-xiaomi-global-s…
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Harbinger Asia

1 A Lean Startup Approach To Hardware – with Indiegogo Head of Global Growth Sandy Diao 39:56
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The Harbinger recently spoke with Sandy Diao, Head of Global Growth for Indiegogo, a leading crowdfunding platform that has raised over $1b for makers. In this interview, Sandy shares her insights on how Indiegogo differentiates in building up a suite of services that addresses the entire lifecycle for hardware companies, how to leverage Indiegogo for product tests and pre-sales, and the role of Shenzhen and Chinese manufacturing in accelerating price, product, and business model innovation. Link to write-up here: https://www.theharbingerchina.com/blog/enabling-a-lean-startup-approach-to-hardware-with-indiegogo-head-of-global…
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Harbinger Asia

1 Unlocking Immersive VR Consumption For Everyone – with CEO of Veer VR Ayden Ye 37:29
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The Harbinger recently spoke with Ayden Ye, Co-Founder & CEO of VeeR, which connects creators and users of VR content though a combination of social-following and algorithm-based recommendation. In this interview, Ayden shared his insights on the rapidly changing landscape of VR, and the unique position of Veer that allows it to participate in the entire lifecycle of VR content creation and consumption. Link to write-up here: https://www.theharbingerchina.com/blog/unlocking-immersive-vr-consumption-for-everyone-with-ceo-of-veer-vr-ayden-ye…
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Harbinger Asia

1 ofo and the Future of Urban Transportation - With ofo SEA GM Alan Jiang 25:59
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Today we are joined by Alan Jiang, Head of Southeast Asian business for ofo, the world’s leading station-free bike sharing company. Alan oversees the company’s strategy and operations in Southeast Asia. Previously, Alan worked at Uber for four years, helping to launch Uber’s business in China, Malaysia, Vietnam, and Indonesia. Today, Alan starts by first sharing his story at Uber, before transitioning to ofo. Alan tells us more about how bike sharing is drastically different from ride sharing, and the impact that companies like ofo have on cities where these programs are located. Alan also talks about ofo’s global strategy, particularly in Southeast Asia. Link to write-up here: https://www.theharbingerchina.com/blog/ofo-and-the-future-of-urban-transportation-with-ofo-sea-gm-alan-jiang…
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Harbinger Asia

1 Innovating in the “On-Demand” Creative Economy- with Tezign CEO Dr. Fan Ling 35:59
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The Harbinger recently interviewed Dr. Fan Ling, founder and CEO of Tezign. Tezign is a Sequoia-backed startup that creates platform-based design and creative talent solutions. In this interview Dr. Fan shares insights on what led him to start his company, the unique cloud-based solution Tezign offers and the role of AI, different trends in the “On-Demand” creative economy, and how Tezign plans to continue to innovate. Link to write-up here: https://www.theharbingerchina.com/blog/innovating-in-the-on-demand-creative-economy-with-tezign-founder-and-ceo…
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Harbinger Asia

1 The Future of Big Data Storage - With PingCAP CTO Ed Huang 31:05
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Edward (Ed) Huang developed a keen interest in engineering at the age of 12. After college, he worked for Netease and Wandou Labs, two large Internet companies in China, as an infrastructure engineer. After working for Wandou Labs for about 3 years and witnessing first-hand the difficulty in scaling the database manually as data grew, Ed saw the huge pain point in big data storage. With the vision that there should be a new kind of database to tackle this problem, Ed co-founded PingCAP in 2015 as the CTO. Besides his day job, Ed is a passionate open-source advocate and tech blogger. Link to write-up here: https://www.theharbingerchina.com/blog/revolutionizing-infrastructure-software-a-conversation-with-ed-huang…
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Harbinger Asia

1 The New Chinese “Inter-sumer” - with Qiming Principal Stella Zhou 43:20
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We sit down with Stella Zhou, Principal at Qiming Venture Partners in Shanghai. Since joining Qiming from GE Capital in 2010, Stella has focused on “Inter-sumer” - Internet and consumer - companies like Musical.ly and Mogujie. We'll start today's episode by first talking a little more about Qiming's investment coverage by geography and by sector. Then we'll tackle some of the major trends within Inter-sumer, including the sharing economy, entertainment, consumer applications of AI, and consumer upgrade. Lastly, we'll cover cross-border investment opportunities, the growth and prevalence of social video, and also have a discussion around how niche social networks and platforms can generate tremendous value, despite the interference of large existing players. Link to write-up here: https://www.theharbingerchina.com/blog/the-new-chinese-inter-sumer-with-qiming-principal-stella-zhou…
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Harbinger Asia

1 Closing Frontier Tech Deals in China - With Linear Venture Founding Partner Harry Wang 40:41
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Harry Wang is the founding partner of Linear Venture, a $100m VC fund that specializes in early-stage technology investments related to China and greater Asia area. Harry has led investments into more than 40 technology companies, mainly focusing on data and AI-related firms. Harry has served as a CEO advisor to Baixing, Dianping & CSDN. Prior to founding Linear Venture, Harry was head of Facebook’s risk engineering team and led efforts on payments fraud control, and was one of the first engineers working on social ads and newsfeed. Harry received his MSE from Stanford and has a CS degree from Zhejiang University. With Harry we first discuss his personal story, including moving from China to the U.S. and working at Facebook during its early years, to why he returned to China as a venture investor. Harry shares his insight into Linear Venture’s core investment areas, its sourcing and deals strategy, his views on Chinese vs. US tech leadership and strengths, and of course – if and how might Facebook enter the China market. Link to write-up here: https://www.theharbingerchina.com/blog/a-cross-border-perspective-on-frontier-tech-investing-with-linear-venture…
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Harbinger Asia

1 How China's Internet Economy Evolved - with Chinaccelerator MD William Bao Bean 32:18
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William Bao Bean is General Partner at SOSV, a $300m venture capital fund known as “the Accelerator VC” with a >30% net realized IRR. He is also the Managing Director of Chinaccelerator, SOSV’s global Internet accelerator and the first accelerator in China, as well as MOX, the mobile only accelerator platform with 130m smartphone users in SE Asia. William has spent the past two decades in Asia \and has a breadth of experience that covers not only the rise of China's original tech giants (BAT), but also core movements including: O2O, entertainment, sharing economy, social commerce and more. We'll cover all of these major trends, William's Chinaccelerator investment experience, and his views on cross-border developments in the future. Link to write-up here: https://www.theharbingerchina.com/blog/how-china-s-internet-economy-evolved-with-chinaccelerator-md-william-bao-bean…
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Harbinger Asia

1 Short Video and Live-Streaming as a Platform – with Yixia Technology Divisional Head Spencer King 19:00
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Today we sit down with Spencer King, who's a divisional head at Yixia Technology. Yixia is the maker of China’s most popular short video app Miaopai (秒拍) and live-streaming app Yizhibo (一直播). We start with Spencer's story and learn more about what it was like starting a company in China that was acquired in just eight months. Key lessons include a different approach to UI/UX, execution and speed as a competitive differentiator, the prevalence of fraud and blatant copy-cats in China, and more. We then cover Yixia Technology and examine the broader online video space in China, discussing not only China specific trends across online video, short video, and live-streaming when it comes to content preferences and delivery approach, but also how they compare to the U.S. Link to write-up here: https://www.theharbingerchina.com/blog/short-video-and-live-streaming-as-a-platform-with-yixia-technology…
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Harbinger Asia

1 A Smart Piano That Teaches You to Play in Minutes - with The ONE’s GM of International Ariel Liu 28:47
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Today we host a Skype call with Ariel Liu, who is the general manager of international growth at The ONE Smart Piano. The ONE develops smart musical instruments, including its flagship digital piano solution with a smart keyboard, associated mobile apps, and other services that can teach anyone to play the piano within minutes. We’ll learn more about how the ONE’s piano solution works, how they were able to raise venture funding from top investors such as Sequoia, and how the ONE piano became a best-seller in both China and abroad so quickly. The ONE has bigger aspirations to build an entire ecosystem around the piano and other musical instruments, so we’ll learn about how they’ll incorporate students, teachers, and parents into this environment, while addressing key pain points of the educational system in China.…
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Harbinger Asia

1 Build Your Own Website, No Coding Required! – with Strikingly CEO David Chen 33:20
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Following the broader trend of modularization, Strikingly abstracts away lower level code and design requirements, allowing any user to build gorgeous, mobile optimized websites in just minutes. On today’s podcast, we sit down with Strikingly’s CEO David Chen to learn more about his website builder product, how it works, and how it is enabling a new generation of entrepreneurs to set up websites quickly and test out MVP products before scaling further. We also learn more about the B2B services landscape in China, how it differs from the U.S., and how to properly incorporate lessons from one market to another. Link to write-up here: https://www.theharbingerchina.com/blog/build-your-own-website-no-coding-required-with-strikingly-ceo-david-chen…
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Harbinger Asia

1 The Modularization of Real-Time Communication – with Agora.io CEO Tony Zhao 30:59
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These days it’s getting increasingly easy for people to build full featured products and companies. Why? Well, fundamental features are becoming modularized and can be readily incorporated into existing software. That way, companies can focus on developing their core capabilities while out-sourcing other requirements to 3rd party providers. For example, use Strikingly to build your own website within an hour, activate payments with Stripe, and host everything on AWS. Or in the case of most mobile apps, incorporate Agora’s SDK or API suite to active voice and video calls over a public internet. Today we have joining us Tony Zhao, who is the founder and CEO of Agora.io. Agora's SDKs enable mobile and web users to make high definition voice & video calls, share screens, whiteboard, and use data channels to exchange files. Tony helps us understand: what are major trends in the global VoIP market and what are key success factors? Who are top competitors in this space and how do they differentiate? Why is Agora rolling out a virtual lens SDK on top of its classic VoIP offerings? Why does Agora have extensive operations in both Silicon Valley and China? What are examples of Chinese innovation, especially around video based social engagement and networking? Link to write-up here: https://www.theharbingerchina.com/blog/the-modularization-of-real-time-communication-with-agora-io-ceo-tony-zhao…
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Harbinger Asia

1 The Do’s and Do Not’s of China Market Entry – with O’Melveny Managing Partner Walker Wallace 30:54
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We sit down with Walker Wallace, managing partner of O’Melveny’s Shanghai office, to discuss how foreign tech companies should think about entering the China market. It’s worth noting that most tech start-ups should not even consider China entry in the early days, as building up tech and achieving a focused product-market fit should be the only priority, and a premature obsession over China could very well be a huge distraction. But for companies that have built up a relatively sustainable business and are looking to scale, a thoughtful, well executed China strategy could create significant value. Today we discuss: what type of tech companies should consider entering the China market? What should their key considerations be before designing a market entry strategy? What are the different options and structures available? How do JVs work, and what is the value exchange between JV partners? Any other best practices to keep in mind? Walker J. Wallace is a leader in O’Melveny’s China practice. He has extensive experience in international transactions and has worked with clients in a wide range of projects across Asia, from multi-nationals seeking to invest in China, to private equity funds pursuing investment strategies in Southeast Asia. In China, Walker has helped clients negotiate the complexities of investing and structuring business operations in numerous industries, including consumer products, healthcare, real estate, software, media and entertainment, retail and education. Walker has been working in the Shanghai office since 1997. He is the former Chairman of the Legal Committee for the American Chamber of Commerce in Shanghai, and is the co-author of “Acquisitions of Companies with Chinese Assets,” “Foreign Private Equity Investment in China: Which Way to the Exit?,” “Onshore Financial Investing in China,” and “Enforcement on Defaulted Loans and Mortgage on Real Property under Chinese Law.” Walker was named as a leading lawyer by Chambers Asia 2016/2017 under the categories “China, Corporate/M&A” and “China, Private Equity: Buyouts (International Firms)”. Walker earned his J.D. from Columbia University, and his B.A., cum laude from Williams College. He is admitted to the bar of New York. Link to write-up here: https://www.theharbingerchina.com/blog/the-do-s-and-do-not-s-of-china-market-entry-for-tech-companies…
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Harbinger Asia

1 “Rent-to-Buy” the Chinese Runway – with YCloset COO Michael Wang 32:55
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Today we catch up with my good friend Michael Wang, who is currently COO of YCloset, an online clothing rental and subscription service that raised $20m Series B in March and has already scaled to 40 cities in China. Before YCloset, Michael was on the other side of the table, having spent a few years at KKR before joining IDG Capital, where he was also the lead investor for YCloset's Series A+ round. As such, Michael offers a unique view, speaking from both an operator and investor perspective, and can help us understand the following: Clothing rental companies only recently became popular in China, whereas comparable companies abroad such as Rent The Runway have been around since 2009… what's different now? How does YCloset compare against global and domestic competitors? What are key success factors in this market, from optimizing logistics to central dry cleaning to capital accessibility? What role do China's tech giants (e.g. Alibaba or JD) play in this arena? What is the "rent-to-buy" model, and what might this market look like in the near to medium term? Link to write-up here: https://www.theharbingerchina.com/blog/rent-to-buy-the-chinese-runway-with-ycloset-coo-michael-wang…
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Harbinger Asia

1 From Silicon Valley to China to India - with Xiaomi Global Head of Sales & Ops Alvin Tse 35:15
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Alvin's career to date has been an epic adventure, a journey that's taken him across epicenters of technology and the world's three largest internet markets: China, India, and the US. As a Stanford undergrad, he started ThinkBulbs, which developed 2 leading iOS photo apps and amassed over a million users before being acquired by Megatasty Labs. After college, Alvin spent time as EIR at StartX, before joining Flipboard to lead their China entry efforts. That in turn opened his eyes to the torrid growth of China's tech sector, eventually leading to a role as Chief of Staff for Hugo Barra, the legendary Google exec who had been hired by Lei Jun to run Xiaomi Global. Today, Alvin heads up Xiaomi Global's sales operations, and plays a critical role in developing Xiaomi's India business. On our podcast, Alvin talks us through his personal journey, reflecting first on his foundational experiences in Silicon Valley before taking on the Wild Wild West of China's tech sector in the early 2010s. With Alvin, we then conduct a deeper dive on Xiaomi's India strategy. How did Xiaomi grow so quickly in India, reaching #2 market share, with its best selling 'Redmi' shipping over 1m units in just 30 days? What are similarities and differences between China and India? How does Xiaomi approach localization, not only in terms of product but also on its org structure and management approach. Ultimately, what are the keys to success in this market and how will Xiaomi fend off competitors that invariably follow it into an attractive new market? Lastly, Alvin shares his experience on why it's the right time to come out to China (and India), the need for a bridge type leaders between markets, and how to leverage a global perspective to one's advantage. Link to write-up here: https://www.theharbingerchina.com/blog/from-silicon-valley-to-china-to-india-with-xiaomi-global-head-of-sales…
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Harbinger Asia

1 A Gradual, Evolutionary Approach to Disrupting Education - with 17zuoye Cofounder Dun Xiao 41:33
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Dun Xiao's pursuit of a quality education has taken him around the world, from Cambridge University to MIT and Harvard, where he studied electrical and information engineering. Armed with a lifelong passion for education and his technical background, Xiao Dun was inspired to found 17zuoye.com, (a.k.a. Homework Together), the largest online homework platform for K12 students in China. And so today, we explore Chinese Edtech - a market of particular significance in China given its traditional reverence for learning and the lucrative commercial opportunity this yields. With Dun, we explore key topics and trends, including: how do you segment the Edtech market in China (e.g. by learning groups, product and delivery type?) How do you look at future of education… does this involve building disruptive products that can be applied immediately (e.g. Alt School or Minerva in the US), or should it be more of an evolutionary process where technology is used to complement existing models? What drives key stakeholders in education ecosystem, and why is it relatively more difficult to scale a education business that involves working with teachers, students, parents, school systems, and the government? What is the role of data in education? How do you apply customized learning solutions onto the existing education system? And lastly, how do you get teachers to buy in on using new teaching solution and onboard them efficiently? Link to write-up here: https://www.theharbingerchina.com/blog/a-gradual-evolutionary-approach-to-disrupting-education-with-17zuoye…
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Harbinger Asia

1 From Sequoia to Democratizing Consumer Finance For the Underserved - with Omni Prime CEO Dan Hu 38:56
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Dan Hu has seen it all. From leading multiple successful investments for Sequoia China during the 2010-2014 tech boom to helping found ZhenFund (China's top seed fund), Dan has always had an eye for finding the next big thing. That penchant for uncovering opportunities has led him to found Omni Prime, a mobile consumer finance service company that provides payday loans to low income entrants with a complex, app based risk evaluation system. In China, hundreds of millions of consumers still do not have formal credit ratings. In particular, students, farmers, and blue collar workers lack credit scores, not because they are subprime debtors, but rather because they haven't previously borrowed money or needed to make any repayments. That makes it impossible for traditional financial institutions to make assessments, and unlocks an interesting opportunity for internet companies that are more risk taking, that have lower operating costs and an ability to iterate more quickly on risk management. On today's podcast (via skype call), we explore this underserved segment to better understand the market opportunity, competitive dynamics, and commercial applications. Why are blue collars underserved by credit cards? How can 3rd party offerings compete against the consumer finance solutions provided by eCommerce giants (Alibaba and JD)? How do consumer finance players find the right entry point in a fragmented market where 80% of commerce still happens offline. What are the primary consumer scores and how do they differentiate (e.g. Omni Prime's Octopus Credit vs. Alibaba's Sesame Credit)? How will this market evolve in the near and medium term? Link to write-up here: https://www.theharbingerchina.com/blog/from-sequoia-to-democratizing-consumer-finance-for-the-underserved-with…
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Harbinger Asia

1 Introducing the Personal Robot - with Ninebot VP of Robotics Li Pu 29:50
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At Chinese unicorn Ninebot Inc, VP of Robotics Li Pu compares building the Loomo personal robot to that of Apple's first personal computer, with the vision of introducing a robot helper or companion into everyday life. By democratizing the underlying requirements for robotic function (e.g. computer vision, voice recognition, mobility, etc.), Li's robotic platform serves as base infrastructure on which incredible applications and uses cases can be developed. A massive undertaking indeed, but I wouldn't put it past Li and his team to help accomplish this. After all, Li's academic background is incredible. He received a bachelor's degree in engineering from the Beijing University of Aeronautics and Astronautics and a CS Master's from Tsinghua, before receiving his Ph.D. in artificial intelligence from the Swiss Federal Institute of Technology (EPFL). He's won numerous awards, including the China Air Robot contest, and was instrumental in the successful completion of China's first UAV mission (China's 24th Antarctic expedition). Li joins us today to explain the following: Ninebot and Segway originally sold self-balancing scooters, so how and why did they decide to develop robots? After Ninebot acquired Segway in 2015, what was the impact on collaboration and partnership between the two entities? Why is there such a keen focus on personal robots, when other industrial robotic applications currently comprise 75% of revenue in the market? What are the key drivers and barriers in the personal robotics space? Why is it important to create a robotic platform as opposed to a singular product, and how will Ninebot build an ecosystem of developers to come up with killer applications? What is the competitive environment like globally, and what are some major differences between the US sand Chinese robotics ecosystems? Link to write-up here: https://www.theharbingerchina.com/blog/introducing-the-personal-robot-with-ninebot-vp-of-robotics-li-pu…
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Harbinger Asia

1 Successfully Launching Chinese Start Ups as an Expat - with Vericant CEO Guy Sivan 34:49
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We sit down with Guy Sivan, who - immediately upon graduation from Columbia University - moved to Beijing in 2005 and has since started 4 different companies. In 2010, he sold his third startup’s core technology to a publicly listed company, and today he is CEO of Vericant, a Shunwei backed company that helps US schools better understand their international and Chinese applicants through video interviews and spoken English evaluations. As we know, there are few examples of foreign tech companies entering China and being successful in the long run, and similarly the start-up environment within China is just as tough for expat founders. With over 10 years of experience in Beijing, Guy offers a unique view and shares with us some of his lessons. For example, what are major cultural differences and how do you avoid the classic expat blunders? What advantages (if at all) do you have as an expat founder, and how can you play to your competitive strengths? What are trends in the lucrative Chinese education space that has churned out several unicorns. And lastly, what is like working out of Chinaccelerator, and what is their value proposition? Link to write-up here: https://www.theharbingerchina.com/blog/successfully-launching-chinese-start-ups-as-an-expat-with-vericant-ceo-guy…
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Harbinger Asia

1 Tackling China's Pollution Problem One Solar Panel at a Time - With Xiaosolar CEO Henry Yin 33:09
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Pollution is a real problem in China. So it should come as no surprise that the 13th Five Year Plan includes drastic policy measures, calling for a reduction of emissions from coal burning industries, while showing support for wind, solar and bio power. And beyond policy making or economic restructuring, there is also a call for domestic entrepreneurs who can help develop innovative solutions to mitigate pollution in China's major cities and improve the livelihood for all. Today, we sit down with Henry Yin, founder and CEO of Xiaosolar, which operates a solar sales, installation and financing business that has installed nearly 100 residential and commercial solar projects as of mid-2017. Prior, Henry was also a founding member of Light Chaser Animation and helped produce and market Little Door Gods, Light Chaser’s first animated film. Henry first shares his journey from Harvard to McKinsey to Lightchaser, before conducting a deep dive on Xiaosolar and China's renewables sector, addressing key questions such as: what are the key macro factors driving China's renewables sector? What does the value chain look like, and how do the economics of solar power work? What does the consumer education process look like, and how may this differ residential vs. commercial? What are key success factors in this market? What is the role of consumer financing, and how can Xiaosolar differentiate against other players (traditional, large internet, specialized). Lastly, what are major differences between China vs. the US in this sector, and what is the role of cost in driving innovation? Link to write-up here: https://www.theharbingerchina.com/blog/tackling-china-s-pollution-problem-one-solar-panel-at-a-time-with-xiaosolar…
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Harbinger Asia

1 The Boom Bust Chinese Sharing Economy - With Woo Space CEO Randy Wan 29:56
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The sharing economy is one of the hottest sectors in China, with $250m of seed and Series A capital invested April-May '17, without accounting for the $1 billion+ poured into bike-sharing start ups Mobike and Ofo. While some of these start ups have the potential to create significant businesses (e.g. car hailing and bike sharing), the verdict is still out on others that are peddling shared umbrellas or even basketballs. A more sustainable opportunity in this sector is in co-working space, which is fueled not only by the latest sharing economy craze, but rather built on the solid foundation of continuous growth in start ups and a tangible need for office space. Today we sit down with Randy Wan, CEO of Woo Space, one of the top 5 co-working spaces in China in direct competition with well known unicorns such as Wework. We'll cover a number of areas, including: how do Chinese co-working space offerings differ from that in the US, how do local competitors differentiate, and what is the role of services. We'll also review the sharing economy more broadly to understand what types of business models actually work and how do they make money. Lastly, we'll examine why high growth Chinese start-ups are so diversified, and how this applies to the very VCs that back them. Link to write-up here: https://www.theharbingerchina.com/blog/the-boom-bust-chinese-sharing-economy-with-woo-space-ceo-randy-wan…
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Harbinger Asia

1 Exporting Chinese Business Models: Ofo, Xiaomi, and Beyond - with Shunwei Partner Tian Cheng 23:50
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We sit down with Cheng Tian (or as we call him "Tian Ge"), partner at Shunwei Capital covering TMT and consumer related industries. Previously he held senior positions at Goldman and Temasek, and he has participated in many investments including: Alibaba, Xiaomi, VANCL, Youku-Tudou, Tuniu, Shanda Literature, Mogujie, Momo, Didi, Rong360, Jiuxian, etc. Building on a previous episode about the sharing economy, we examine bike-sharing in more detail, and in particular Shunwei's investment in ofo (小黄车). Tian Ge will cover topics including: how is Chinese bike-sharing different from that in the US, e.g. Citi-Bike in NYC? What are the underlying factors required that enable bike sharing at scale, and is this unique to China or could it be replicated in other markets? Separately, we'll also examine other examples of domestic innovation, and how China is exporting new concepts and business models abroad. Did you know that Musical.ly was created by a Chinese founder? I didn't either… Link to write-up here: https://www.theharbingerchina.com/blog/exporting-chinese-business-models-ofo-xiaomi-and-beyond-with-shunwei…
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Harbinger Asia

1 What's Different About China's Tech Scene and How Are They Innovating? - with Shunwei VP Meng Xing 39:40
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In our first episode, we sit down with Shunwei VP/EIR Meng Xing to explore a broad range of socioeconomic, institutional, and financial factors that shape the Chinese tech environment. For example, why are the Chinese typically fast followers and excel at 1-100 over 0-1? What are primary founder incentives, and why is there a lack of talent in middle management? Why are there so many unicorns in seemingly niche markets, and how come there are so many humongous, diversified platform plays such as the BAT (Baidu, Alibaba, Tencent)? Additionally, we examine frontier technologies such as AI, AR / VR, and provide examples of the Chinese successfully productizing these technologies via innovative business models that we haven't yet seen in the US. Meng Xing is VP/EIR at Shunwei Capital covering frontier-tech, AI, robotics, AR/VR, and more. In the past ten years prior, he also founded two AI start-ups that were acquired by Amazon and a listed Chinese company. In between, he worked as an investment banker at J.P. Morgan Hong Kong and casino giant Caesars Entertainment, on top of getting an MBA from the Sloan School of Management at MIT. Link to write-up here: https://www.theharbingerchina.com/blog/what-s-different-about-china-s-tech-scene-and-how-are-they-innovating-with…
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