Why China’s Next Crop of ‘Techpreneurs’ Are Skipping Home and Eyeing a Fresh Gold Rush in New Markets
Monday, August 12, 2019
By Iris Deng, Jane Zhang
During the past decade of breakneck economic growth, China has been a gold mine for tech start-ups, with the biggest internet user base in the world of 829 million.
But a new wave of Chinese entrepreneurs are now deciding to skip the country in favour of fast-growing markets in Southeast Asia, India, the Middle East and Africa, taking their innovative ideas and cutting edge business models with them.
Whether its e-commerce, short video, live broadcasting or gaming – China’s tech experts are looking to apply the lessons learned from China’s rapid tech development to a range of emerging markets, according to interviews by the Post with analysts, investors and start-up founders.
“We are seeing Chinese tech companies take an increasing presence outside China in short video and social apps, video editing, shopping and gaming categories,” said Nan Lu, analyst at mobile intelligence firm Sensor Tower. “They’re looking at markets in South America and in Asia, such as India for example … territories with large, young populations.”
Photo courtesy of bfishadow.