The Rise of Chinese Tech Giants

"When I wrote about it, in addition to assuming that all Asia tech companies, particularly in China, were copycats of Western companies, I think there are also a lot of misperceptions about how easy it is to enter a market, especially when they're an Asian market, especially when there are incumbent players already. For example, Uber failed. Basically, they failed. That's a harsh word, but they failed in both China and Southeast Asia, where they were acquired by Didi in China and Grab in Southeast Asia. And then Facebook really fell flat on its face with a lot of markets with free basics, it undermined Net Neutrality and also assumed that consumers just because maybe they had to be price conscious, were willing to access only a handful of sites as opposed to having access to a free Internet. I think people also underestimate the influence that Asia has had in other parts of the world." - Catherine Shu

Fresh out of the studio, Catherine Shu reflects on her 12 years at TechCrunch, chronicling the evolution of Asian tech from China to India. She highlights the rise of Chinese apps such as WeChat and TikTok's global impact and the shifting international views on Chinese tech. She explores India's rising tech scene, South Korea's startup growth with the rise of Coupang and Southeast Asia's expanding tech influence, with a focus on Grab. Shu offers her advice for journalists covering Asia's dynamic tech landscape and articulating what great looks like for Asia Tech in the future.

Fresh out of the studio, Catherine Shu reflects on her 12 years at TechCrunch, chronicling the evolution of Asian tech from China to India. She highlights the rise of Chinese apps such as WeChat and TikTok's global impact and the shifting international views on Chinese tech. She explores India's rising tech scene, South Korea's startup growth with the rise of Coupang and Southeast Asia's expanding tech influence, with a focus on Grab. Shu offers her advice for journalists covering Asia's dynamic tech landscape and articulating what great looks like for Asia Tech in the future.

Audio Episode Highlights: [0:40] Quote of the Day #QOTD by Catherine Shu. [1:38] Introduction: Catherine Shu, former senior reporter for TechCrunch. [2:50] Her thoughts on the TechCrunch recent layoff. [5:04] Catherine’s future plans. [6:34] Catherine shares lessons from her career journey. [8:07] Inspiration behind her last article on TechCrunch: Don’t Ignore Asia Tech. [9:30] Western Perceptions Change on Asia Tech over the decade. [11:02] Early misconceptions about Asia Tech in the West. [12:44] Evolution of Asia Tech from Catherine’s perspective. [15:14] Tech Coverage in Taiwan. [17:17] The one thing about Asia tech Catherine knows but very few do. [19:41] Why China succeeded with WeChat as the super app. [23:26] The rise in TikTok globally for Chinese Tech. [26:40] Perspectives on TikTok recent potential ban. [27:26] What the West learned from the super app revolution in China. [28:52] Why China was caught flatfooted with OpenAI’s ChatGPT in AI. [30:14] The future of Chinese startups. [34:01] How the Indian tech market evolved over the past decade. [35:58] South Korean Startup Ecosystem. [39:00] Is there really a Southeast Asia tech story? [42:34] Advice for future correspondents covering Asia Tech. [44:32] What does great look like for Asia Tech? [46:30] Closing.

Podcast Information: Bernard Leong hosts and produces the show. Proper credits for the intro and end music: "Energetic Sports Drive" and the episode is mixed & edited in both video and audio format by G. Thomas Craig

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