53 episodes

Evolving for the Next Billion (new Season 2) is an English-language podcast about tech and entrepreneurship in the fastest-growing markets in the world, hosted by GGV Capital. In Season 1, called 996, we focused on the movers and shakers of China's tech industry, as well as tech leaders with US-China cross-border perspectives. In the new Season 2, Evolving for the Next Billion, we interview local champions and global giants who are reshaping the lives of the next billion internet users. From Beijing to Bangalore, Sao Paulo to Singapore, you will hear stories about ambition, passion, ingenuity, and resilience.

Evolving for the Next Billion by GGV Capital GGV Capital

    • Technology

Evolving for the Next Billion (new Season 2) is an English-language podcast about tech and entrepreneurship in the fastest-growing markets in the world, hosted by GGV Capital. In Season 1, called 996, we focused on the movers and shakers of China's tech industry, as well as tech leaders with US-China cross-border perspectives. In the new Season 2, Evolving for the Next Billion, we interview local champions and global giants who are reshaping the lives of the next billion internet users. From Beijing to Bangalore, Sao Paulo to Singapore, you will hear stories about ambition, passion, ingenuity, and resilience.

    Chen Ying of Shihuituan: Why Community Group Buy Works in China

    Chen Ying of Shihuituan: Why Community Group Buy Works in China

    Today on the show we have Chen Ying. Ying is the founder and CEO of Shihuituan, the leading community commerce company in China. The literal meaning of Shihuituan means plenty of things. It's also a pun for value for money.


    With its network of 80,000 community influencers, the company currently serves 20 million households in 60 cities in China. For November of 2019, it recorded a monthly GMV of 500 million RMB (roughly 71 million dollars). Shihuituan is a GGV portfolio.

    Before launching Shihuituan, Ying founded an NGO aimed at helping farmers selling their goods online and another eCommerce company called "The Good Stuff". Ying worked in Bain Consulting and Bain Capital for 5 years before he got his MBA from Harvard Business School. Calling himself an intellectual cowboy, Ying has always been fascinated by the next frontier, which in his mind is the space, Africa and rural China.

    We discussed the ins and outs of how the community group buy model works, including how he found the product market fit, the role social apps play in this business model, the multi-layer delivery system, and the replicability of this model in other markets.

    If you have more questions for Ying, please submit them here.

    For the full transcript of the show, go to nextbn.ggvc.com

    Join our listeners' community, go to nextbn.ggvc.com/community.

    • 54 min
    Jixun Foo of GGV: Why We Invested in Telio

    Jixun Foo of GGV: Why We Invested in Telio

    For this bonus episode, we have Jixun Foo, managing partner of GGV Capital. Jixun recently led GGV's investment in Telio's Series A. Jixun shared with us why he chose to invest in the B2B eCommerce model vs B2C, his advice for founders who are solving the fragmentation of supply chain in different markets, the metrics he tracks for startups in that space and his outlook for Vietnam as a startup ecosystem.


    For the full transcript of the show, go to nextbn.ggvc.com
    Join our listeners' community, go to nextbn.ggvc.com/community.

    • 18 min
    SyPhong and My Linh of Telio: Becoming a Unicorn of Impact by Serving Mom and Pop Shops in Vietnam

    SyPhong and My Linh of Telio: Becoming a Unicorn of Impact by Serving Mom and Pop Shops in Vietnam

    This episode is co-hosted by Dimitra Taslim. Dimi is on the investment team at GGV Capital. 
    Today on the show, we have SyPhong Bui and My Linh from Telio. Founded in 2018, Telio is already Vietnam's largest b2b eCommerce platform. It connects small traditional retailers with brands and wholesalers on a centralized platform using technology and data. Telio is a GGV portfolio. On the show, we discussed how SyPhong got his idea for Telio because of Jack Ma from Alibaba, the lessons he learned from 2 previous failed startup he founded, the challenges facing mom and pop shops in Vietnam and how the tech ecosystem in the market has evolved in the market.


    For the full transcript of the show, go to nextbn.ggvc.com
    Join our listeners' community, go to nextbn.ggvc.com/community.

    • 34 min
    Ankiti from Zilingo: Building an Operating System for Fashion Merchants in Asia and beyond

    Ankiti from Zilingo: Building an Operating System for Fashion Merchants in Asia and beyond

    On the show today, we have Ankiti Bose, the founder and CEO of Zilingo, one of the largest fashion & lifestyle marketplaces in Southeast Asia. According to Bloomberg, the latest financing valued Zilingo is at $970 million. Ankiti is among the youngest female chief executives to lead a multi-million-dollar startup in Asia.

    Ankiti reveals how she thinks about the nature of Zilingo's business, the growth drivers of a 12x track in a short span of 4 years, being a first-time entrepreneur at 23, building localized teams in different countries and the staples in her wardrobe.

    Prior to launching Zilingo, Ankiti worked at McKinsey as a management consultant and Sequoia as an investment analyst. She holds a bachelor's degree in mathematics and economics from St. Xavier's College in Mumbai.

    For the full transcript of the show, go to nextbn.ggvc.com
    Join our listeners' community, go to nextbn.ggvc.com/community.

    • 41 min
    Jenny, Jixun and Hans on Southeast Asia: Big Opportunities, Aggressive Giants, Advice for founders, and more

    Jenny, Jixun and Hans on Southeast Asia: Big Opportunities, Aggressive Giants, Advice for founders, and more

    This episode is co-hosted by Dimitra Taslim. Dimi is on the investment team at GGV Capital.

    In today's episode for Southeast Asia, we have GGV's managing partners Jenny Lee and Jixun Foo. They shared one thing that excites them as investors about the region, what we learned from being an early investor of Grab, the role of China's tech giants for this fast-growing market, and the implications it has for local founders. We've been getting a lot of questions about Southeast Asia. While we believe the talent to build great companies can come from anywhere, this episode is about Southeast Asia, home to 360 million internet users.

    Much has been written on the growth potential of the region. If you don't have the time to dig deeper, here're some quick facts. A third of the population is under 30, 90% of the internet users are primarily on mobile. They are young, connected, and madly in love with social media. The average users in China and the US spend 6.5 hours online per day. The average Indonesian and Filipinos are online for 9 hours per day.

    Some say if you missed the China train ten years ago, you could not miss this one. Others are more skeptical given the different stages of socio-economic development among various countries in the region.

    As a firm, we have done ten deals in the region. More than half of that comes in the last 2.5 years. We are an early investor of Southeast's leading Super App Grab. We reopened our Singapore office early this year and started spending more time on the ground. My colleague Dimi, who's also the co-host for this episode, is from Indonesia and looks at investments in Southeast Asia.

    For the full transcript of the show, go to nextbn.ggvc.com
    Join our listeners' community, go to nextbn.ggvc.com/community.

    • 35 min
    William and Patrick of Tokopedia: from Selling T-Shirts to Driving 1.5% of Indonesia's GDP

    William and Patrick of Tokopedia: from Selling T-Shirts to Driving 1.5% of Indonesia's GDP

    This episode is co-hosted by Dimitra Taslim. Dimi is on the investment team at GGV Capital. 

    In this episode, we have William Tanuwijaya and Patrick Cao from Tokopedia. Tokopedia is an Indonesian technology company with the largest online marketplace business and its mission is to democratize commerce through technology. The name 'Tokopedia' is a combination of Toko (shop) and encyclopedia.

    It was founded in 2009 by William Tanuwijaya and his best friend Leontinus Alpha Edison. According to the company, the firm’s annual run-rate GMV has reached 222 trillion IDR (15.8 billion in USD), which would be equivalent to 1.5% of Indonesia's GDP. It has significantly impacted the fate of many small-scale entrepreneurs since its launch 10 years ago. 89% of sellers on Tokopedia do not own a physical store and 86% of merchants are first-time entrepreneurs.

    In this hour-long conversation, we covered William's founding journey from working in the internet cafe to meeting Daniel Zhang and Joe Tsai from Alibaba, how to get a great executive team as an Indonesian company, Tokopedia's ambition for the next 10 years, and what it means to achieve work-life harmony while running a big company.

    William Tanuwijaya is the founder and CEO of Tokopedia. He was born and raised in Pematangsiantar, North Sumatera. William has a bachelor's degree in Information Technology from Bina Nusantara University, during which period he worked as an internet café keeper and saw the potential of technology.

    Patrick Cao is the President of Tokopedia, Indonesia's largest online marketplace, a position he has held since October 2016. Previously, Patrick worked at Formation 8 in Singapore and UBS Investment Bank in Indonesia, specializing in M&A and capital markets advisory in the TMT, consumer and industrials sectors. He received a B.S. in Business Administration from Carnegie Mellon University and currently doing his MBA program at Tsinghua University.

    For the full transcript of the show, go to nextbn.ggvc.com 
    Join our listeners' community, go to nextbn.ggvc.com/community.

    • 1 hr 3 min

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