51% SE Asia Favor China (vs. USA), Sequoia & GGV VC Decoupling & Mobility Competitor Game Theory with Shiyan Koh

Shiyan Koh, Managing Partner of Hustle Fund, and ​​Jeremy Au talked about three main themes:

1. 51% SE Asia Favor China (vs. USA): Jeremy and Shiyan debated how the region is politically and economically reacting to the China vs. USA's "strategic competition". If ASEAN decision-makers were forced to pick sides, 51% opted for China vs. 49% for USA (ISEAS Institute poll). Pro-China: Malaysia 75%, Indonesia 73%, Thailand 52%, Singapore 39%, Vietnam 21%, Philippines 17%.

2. Sequoia & GGV VC Decoupling: Jeremy and Shiyan discussed how global investment firms are structuring themselves to mitigate US-China risks. Sequoia spun off Peak XV and Hongshan, while GGV announced their split into Granite Asia and Notable Capital (USA). They discuss how Limited Partners (LP) are driving the geographic re-delineation of investment coverage, and why GGV and other funds are exploring more debt instruments.

3. Mobility Competitor Game Theory: Jeremy and Shiyan analyzed the bike-sharing market in Singapore, including public-private partnerships and challenges like weather and infrastructure. They were amused that Anywheel, a bootstrapped (unfunded by VC) company outlasted VC-backed competitors such as Mobike, Obike, and Ofo to win and become the market leader. They discussed how cash efficiency interacted with economies of scale, the promise of winner-takes-all markets, negative blitzscaling, and competitive game theory created the "boom vs. bust" nature of last-mile mobility startups.

Jeremy and Shiyan also replied to listener feedback about overlooking Trump investment links in the TikTok ban issue, the role of public-private infrastructure partnerships in supporting infrastructure projects, and blitzscaling vs. sustainable growth strategies.

Watch, listen or read the full insight at https://www.bravesea.com/blog/sea-favor-china

Nonton, dengar atau baca wawasan lengkapnya di https://www.bravesea.com/blog/sea-favor-chin-in

观看、收听或阅读全文，请访问 https://www.bravesea.com/blog/sea-favor-china-cn

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