China Internet Report 2021 by Edith Yeung at Web Summit
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The China Internet Report 2021 highlights that China is the second-largest market globally, with strong venture investing and significant government regulation over the internet. Key themes include a drop in the edtech sector, a complex relationship with cryptocurrency, and the growth of healthcare and semiconductors. Additionally, Hong Kong emerges as a prominent location for Chinese IPOs amidst geopolitical challenges affecting startup growth.
China Internet Report 2021 by Edith Yeung at Web Summit
- 1. LET’S BEGIN! Edith Yeung Race Capital China Internet Report 2021
- 2. Edith Yeung GENERAL PARTNER, Race Capital @edithyeung 2 Edith is a General Partner at Race Capital - an early- stage Silicon Valley venture capital fund. A few sectors we are particularly interested in infrastructure, fintech, and deep tech verticals. She has invested 3x Decacorns (FTX, Solana, Stellar), 1 Unicorn (Agora.io) and 60 other amazing startups. Prior to Race Capital, Edith was a partner at 500 Startups, the world's most active early-stage fund and incubator invested in Twilio, Credit Karma, Grab, and 2000 more companies. Before 500, Edith was the general manager at Dolphin Browser, a Sequoia- backed mobile browser with over 150 million installs worldwide. Edith also worked with many Fortune 500 companies such as Siebel, AMS, AT&T Wireless, and Autodesk. She frequently speaks on China and Silicon Valley technology and investment landscape. She is also a frequent guest lecturer at Berkeley and Stanford and commentator on BBC, CNBC, Wall Street Journal, Bloomberg, SCMP, Techcrunch, etc.
- 3. China Internet Report 2021 - Top 10 Themes 1. China is Second Biggest Market in the World 2. Venture Investing in China is Going Strong. 3. Chinese Government is Increasingly Heavy Hand on all Things Internet. 4. Edtech Almost Disappeared Over Night. 5. China’s Love / Hate Relationship with Crypto. 6. Healthcare and Semiconductors will Stay Strong. 7. “Made in China” Brands are Taking Over 8. China Fintech Sector is Opening up. 9. Geopolitics is Impacting Global growth for Chinese Startups. 10.Hong Kong is the Hot Spot for Chinese IPOs
- 4. 4 China is Second Biggest Market in the World
- 5. 5 China is 2nd biggest market in the world with over 1.4 billion people and $15 trillion GDP Source: CIR 2021
- 6. 6 China is 2nd biggest market in the world with over 1.4 billion people and $15 trillion GDP Source: CIR 2021
- 7. 7 China is 2nd biggest market in the world with over 1.4 billion people and $15 trillion GDP Source: CIR 2021
- 8. 8 Venture Investing in China is Going Really Strong
- 9. 9 Source: CIR 2021 1843 Startups Raised Over $41 Billion in 2020
- 10. 10 Sequoia China Made 96 Investments in Q3 2021
- 11. 11 Tencent Made 168 Investments in 2020 Source: CIR 2021
- 12. 12 Chinese Government is Increasingly Heavy Hand on all Things Internet.
- 14. 14 Source: New York Times
- 16. 16 Everyone in China need to play by the rules. Doesn’t matter whether you are Alibaba, Meituan or Didi Source: CIR 2021
- 17. 17 Edtech Almost Disappeared Over Night.
- 18. 18 Source: SCMP
- 21. 21 China’s Love / Hate Relationship with Crypto
- 22. 22 Source: CIR China is No Longer the Leader in Crypto Trading and Bitcoin Mining
- 23. 23 Source: FT
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- 25. 25 Source: CIR China’s Digital Currency Electronic Payment (DCEP) Trials Under Way with Over 24M Wallets Opened
- 26. 26 Healthcare and Semiconductor Industry Will Stay Strong
- 27. 27 Over 1600 Internet Hospitals Have Been Setup Source: CIR
- 28. 28 AliHealth, JD Health and Ping An Good Doctors All Went IPO in Hong Kong Source: CIR
- 29. 29 Li Auto, Xpeng and Nio are Catching up While Tesla’s Shipments Tumbled in July 2021 Source: CIR
- 30. 30 Over $7 Billion Invested in Smart and Connected Car Section in 2021 Source: CIR
- 31. 31 China is expected to have 822M 5G connections by 2025, more than those in the EU, the US, Japan, and Korea combined. Source: CIR
- 32. 32 “Made in China” Brands are Taking Over
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- 36. 36 Rising Nationalism and Exacerbated by Geopolitical Tensions Makes it Tricky for Foreign Brands to Compete. Source: CIR
- 37. 37 China Fintech Sector is Opening up.
- 38. 38 PayPal, HSBC, Allianz, UBS are Operating in China Source: CIR
- 39. 39 Geopolitics is Impacting Global Growth for Chinese Startups.
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- 41. 41 India Bans 59 Chinese Apps including TikTok, Baidu, Shein, etc
- 42. 42 Hong Kong is the Hot Spot for Chinese IPOs
- 43. 43 $35.3 Billion Worth of IPOs in Hong Kong in 2021, of which Chinese companies accounted for 96.3% Source: Nikkei Asia
- 44. China Internet Report 2021 - Top 10 Themes 1. China is Second Biggest Market in the World 2. Venture Investing in China is Going Strong. 3. Chinese Government is Increasingly Heavy Hand on all Things Internet. 4. Edtech Almost Disappeared Over Night. 5. China’s Love / Hate Relationship with Crypto. 6. Healthcare and Semiconductors will Stay Strong. 7. “Made in China” Brands are Taking Over 8. China Fintech Sector is Opening up. 9. Geopolitics is Impacting Global growth for Chinese Startups. 10.Hong Kong is the Hot Spot for Chinese IPOs
- 45. 45 • Follow me on Twitter @edithyeung • Join my weekly funding newsletter https:// www.silicon.news/ • Download 2021 China Internet Report https:// multimedia.scmp.com/infographics/china- internet-2021/ Want more?