

Evolving for the Next Billion
Notable Capital
Evolving for the Next Billion interviews local champions and global giants who are reshaping the lives of the next billion internet users. Hosted by Managing Partner Hans Tung
Episodes
Mentioned books

Jun 10, 2020 • 54min
Achmad Zaky of Bukalapak: Why Now is the Best Time to do Startups
On this episode, we have Achmad Zaky, the founder and former CEO of Bukalapak, one of Indonesia's largest eCommerce site and the newest unicorn in Indonesia. The name Bukalapak means "open a market stall" in Indonesian. It reflects the company's vision of building an online marketplace for SMEs in Indonesia. We covered his founder journey as a fresh graduate, empowering small business owners in Indonesia with technology and his view on the evolution of the tech scene in Indonesia for the past 10 years. *The conversation was recorded last year when Zaky was still the CEO of Bukalapak. Since January. 2020, he has left the CEO role and started his investment fund Init 6. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community

May 29, 2020 • 28min
Jenny Lee of GGV: Why We Invested in Agora, post-Covid Tech Trends, and Advice for Technical Founders
As a bonus episode, we also caught up with Jenny, who led GGV's investment in Agora. We covered how she first met Tony, the future GGV was betting on and advice for technical founders. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community.

May 28, 2020 • 49min
Tony Zhao of Agora: Building a PaaS Company that Connects Everyone in Real Time
For this episode, we have Tony Zhao, founder, and CEO of Agora.io. Agora is the only real-time engagement platform designed to cross borders and reach users on low-bandwidth networks and lower-powered devices. It currently serves over 40 billion minutes of voice and video on its network, supporting a wide range of industries including social, gaming, education, IoT, finance, healthcare, enterprise training, and much more. As a response to the recent outbreak of the coronavirus, Agora.io teamed up with New Oriental, one of the largest providers of private educational services in the world to launch the "New Oriental Cloud Classroom," bringing more than one million students into virtual classrooms in just seven days' time. Tony is a serial entrepreneur. He founded Agora.io in 2014, with a vision to provide high-quality voice and video as a ubiquitous platform to developers and businesses around the world. Before Agora, he was CTO and board director at http://YY.com/ (NASDAQ: YY), one of the world's first video-based social network and live streaming apps with over 300 million users. He was also a founding engineer at WebEx, which was acquired by Cisco in 2007 for $3.2 billion. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community.

May 20, 2020 • 1h 6min
Cecilia Sun of Miss Fresh: The Economics of Online Grocery in China
This episode is the recording of a private webinar we recently organized for GGV portfolio companies working to improve the supply chain of food in different markets. Online grocery is one of the most throat-cutting sectors in China. A study shows that with over 4,000 online grocery companies, only 1% is profitable, 4% can break even, and the overwhelming majority is burning money. Miss Fresh is among the rare ones that have survived and thrived after waves of competition. Miss Fresh is China's leading online grocery retailer that offers 1-hour instant delivery services across 16 cities in China, including first-tier cities such as Beijing, Shanghai, Guangzhou, and Shenzhen. The company has 1,000 distributed micro warehouses that fulfill up to 2,000 orders per day with over 3,000 SKUs. Its GMV tripled during the height of COVID-19 in China. Cecilia is a partner and the COO at Miss Fresh. She joined the firm in 2015. Prior to Miss Fresh, she was a private equity investor at Baring Asia, an investment banker at Deutsche Bank. She holds dual bachelor's degrees in economics and statistics, a master's degree in finance from Peking University, and is a member of Forbes 30 under 30 list. On the show, we covered the impact of COVID-19 had on the eGrocer business, the innovative model Miss Fresh came up with, and how it competes and collaborates with tech giants in the grocery delivery business. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community.

May 1, 2020 • 59min
GGV Live Special: Mobilizing Distributed Teams in Crisis - featuring HashiCorp and HelloBike
This episode is the last of our 3-part-webinar series on how founders and leaders are dealing with the current global crisis. It was hosted by GGV's Head of Talent Jennifer Holmstrom and featured Dylan Tey, Senior VP of HelloBike, one of China's biggest mobility service platforms, which manages a 30,000 flexible ground operators and Jeff Harper, Chief People Officer at HashiCorp, an enterprise software company that has its entire engineer team distributed across the world. We covered 3 key decisions each company made in the wake of COVID-19, the systems put in place to mobilize a big team in crisis, and the long-term impact this virus have on their industries. *HelloBike and HashiCorp are both GGV portfolio companies For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community for future webinars, go to nextbn.ggvc.com/community.

Apr 15, 2020 • 1h 17min
GGV Live Special: How Alibaba Survived SARS and Thrived afterwards - featuring its then-President and COO Savio Kwan
When the SARS pandemic struck in 2003, Savio was working as president and COO of an internet startup named Alibaba. Not only did the startup survive SARS, it launched a new business called Taobao and emerged as one of the most valuable companies in the world. On a special live podcast session, former President and COO of Alibaba (from 2001-2003) Savio Kwan joined GGV Capital Managing Partner Hans Tung to share the key learnings from Alibaba's SARS experience and answered live questions from founders in GGV's global network. Savio Kwan - Former President and COO of Alibaba Savio Kwan is best known for his time as president and COO of Alibaba from 2001 to 2003. He later took on the chief people officer role in 2004. He has more than 30 years' global management experience, including 17 years at the medical systems division of General Electric, where he was responsible for sales, marketing, operations, business development and establishing joint venture companies in Asia. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community for future webinars, go to nextbn.ggvc.com/community.

Apr 2, 2020 • 1h 2min
GGV Live Special: Coronavirus-Proof Your Cash Flow w/ Jixun Foo @GGV and Brian Gu @XPENG
With the escalated spread of the coronavirus, GGV Capital is running a 3-session-webinar series with founders around the world to help them navigate the radical uncertainty ahead. Today's episode is the recording of the first webinar on managing cash flow at this special time, joined by Dr. Brian Gu, President and Vice Chairman from XPeng, and GGV's managing partner Jixun Foo. We covered everything from best practices of cash flow management during an external crisis, tips on alternative funding, to macroeconomic shifts startups must pay attention to in the post-virus world. Jixun Foo is a Managing Partner at GGV Capital and joined the firm in 2006. He is consistently recognized among the top VCs in China and counts 13 of his investments as mega-unicorns or unicorns, including Baidu, Boss Zhipin, Didi, Grab, Hello, Manbang, Meicai, Qunar/Ctrip, Tujia, Mogu, UCWeb, Youku Tudou, and Xpeng Motors. Brian Gu is the vice chairman and president of XPENG Motors, also known as Xiaopeng Motors, a Chinese electric vehicle company and a GGV portfolio company. At XPENG, Brian leads the company's global strategy, finance, fundraising, investments and international partnerships. Prior to joining XPENG Motors in March 2018, Brian was the Chairman of Asia Pacific Investment Banking at J.P. Morgan. He holds an MBA from Yale University, a Ph.D. in Biochemistry from the University of Washington Medical School and a bachelor's degree in Chemistry from the University of Oregon. For the full transcript of the show, go tonextbn.ggvc.com Join our listeners' community for future webinars, go tonextbn.ggvc.com/community.

Mar 25, 2020 • 49min
GGV Fellows: Doing Startups in China as Young Global Talent
For all of our listeners whose life has been disrupted by the coronavirus, we want to let you know that we stand in solidarity with you. We will get through this together. If you are a startup founder, we put together some operational tactics so you can take care of your team and adapt to change and cause the least disruption in the long run. Today's episode was recorded during the GGV Fellows program in Beijing. It is a week-long intensive learning experience for aspiring entrepreneurs who want to get into China's startup ecosystem. This year's 35 fellows came from top institutions around the world. With an amazingly diverse set of backgrounds, we got everything ranging from PH.D. in machine learning to a real estate startup founder who's also a pilot. For this episode, we sat down with 4 GGV fellows on their life stories, takeaways from the GGV Fellows programs, and their experiences of doing startups in China. Wenyou Tan head of Corporate Finance @ OVO, a Fintech Unicorn in Indonesia kuma.nijigen.recruit@gmail.com founder of a gaming startup in Beijing, who used to work on wall street. Get in contact with Raven for his startup at kuma.nijigen.recruit@gmail.com Sophie Luo a Wharton MBA who built a SaaS company in China Yuchen Jiang ex-software engineer at Facebook For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community.

Mar 11, 2020 • 1h 6min
Amit and RK of Yulu: Transforming Urban India with Micro-mobility
Today on the show, we have Amit Gupta and RK Misra, co-founders of Yulu. Yulu is India's ride-sharing startup launched in December 2017. It provides a network of over 10,000 shared vehicles, including bicycles and lightweight electric scooters, in Bengaluru, Pune, Mumbai, and Bhubaneswar. Yulu's vision is to reduce traffic congestion by providing a scalable, affordable, efficient, and clean solution for the short-distance commute. In this episode, we covered why Amit and RK decided to start Yulu after having some successful exits, how shared mobility works in urban India and working with the government to draft India's first micro-mobility policy. Before Yulu, Amit co-founded India's profitable unicorn InMobi - an online mobile marketing and advertising platform. During his 12 years there, he grew the company's business into other markets like China, US, and Western Europe. Amit has a bachelor's degree in engineering from India's top university India Institute of Technology, Kanpur. RK is a serial entrepreneur and a public figure known for his expertise in the nation's urban planning policy. He is an undergraduate from IIT with a Master's Degree from Tokyo University, also an alum of Harvard Kennedy School of Government. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community.

Feb 26, 2020 • 39min
Eric Yuan of Zoom: How WebEx's Unhappy Customers Inspired Zoom (rerun)
Today's episode originally aired in July 2018. The guest is Eric Yuan, the founder and CEO of Zoom. Known for its easy-to-use and reliable video conferencing product, Zoom became a listed company in April 2019 and soon became one of the largest public SaaS companies in the world. The recent outbreak of the coronavirus has made remote working part of many people's new realities. It also puts remote working tools like Zoom under a stress test with the surging needs, which Zoom did incredibly well. It always works. GGV has been a happy customer of Zoom for a really long time and we hope this conversation can give you a hint on how it became successful in the first place. Zoom is used by a third of Fortune 500 companies and 90% of the top 200 universities in the US. Eric was recently named the Top CEO on Glassdoor, with an approval rating of 99%, and was the first person of color to win the award. Eric grew up and went to college in China, arrived in Silicon Valley in 1997 and joined WebEx when it was still a small company. In 2007 WebEx was acquired by Cisco and Eric became Cisco's Corporate VP of engineering in charge of collaboration software. Eric spent 14 years in total at WebEx and grew its engineering team from 10 to 800, and increased its revenue from zero to over $800 million. Eric holds 11 patents, plus 20 pending patents in the pipeline. In this episode, Eric shared his story of being rejected a US visa for 8 times while in China, getting its first paid customer, balancing the needs of SMB and enterprise, and what makes Zoom different from its competitors. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community.