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Evolving for the Next Billion by GGV Capital
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Evolving for the Next Billion by GGV Capital

Author: GGV Capital

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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.
77 Episodes
Today on the show we have Mark Luo. Mark Luo is the founder and CEO of Huohua Siwei (Spark Education). It is a learning app that develops logical thinking, concentration, and other cognitive skills for children aged between 3-12. It offers small live classes in the form of interactive games, with real time guidance from a teacher. The company currently has over 280,000 paid students and boasts a referral rate of 80%. Huohua Siwei is a GGV portfolio company. Mark has extensive entrepreneurial experience. Before Spark, he was part of the founding team at China's earliest classified website and served as the CTO. The company was acquired by in 2015 with 2.6 billion USD. Mark graduated from Singapore National University with master's degree in computer science. We also talked to GGV managing partner Jenny Lee on why she led our investment into Huohua. For the full transcript of the show, go to Join our listeners' community, go to
Making learning fun is hard, especially in this day and age where you have to compete with social media and games for students' attention. What's even harder is to do so and get a better learning outcome. The hardest is to make it into a scalable business. This is what Michael and his co-founder Mads are trying to do with their startup Labster, a leading virtual science lab provider based in Copenhagen. Their vision is to radically improve science education so future scientists can solve big problems that we cannot solve. The startup world is never short of grand vision like this. What's rare is the passion and patience to follow through, which you will hear from Michael's story in this episode. You will also hear Hans and Michael discuss the role Covid played in the company's growth, why science education is actually a global challenge, and what separates a platform business from a content one. Labster is GGV's first investment in Europe. The deal happened during Covid-19 entirely online. Jenny and Hans led GGV's investment into the company. For the full transcript of the show, go to Join our listeners' community, go to
For the first episode of our EdTech series, you will be hearing from the founder of Zuoyebang Hou Jianbin, whose personal belief about education significantly shaped the way he built this company. Born and raised in a small town in China, He was a straight-A student and had his life completely changed by the national college entrance exam. Got into China's top university and a job offer from China's search engine giant Baidu, where he built the product that eventually became one of the world's most valued EdTech startups. Zuoyebang was spun off from Baidu in 2015. For the second part of this episode, you will also be hearing from GGV managing partner Jenny Lee. Jenny led GGV's investment into Zuoyebang in 2016. She shared what made Zuoyebang stood out among all the photo search apps that were out there, and what keeps Zuoyebang competitive as Covid-19 pushed a lot of new capital flowing into the market. For the full transcript of the show, go to Join our listeners' community, go to
2020 is a defining year for many of us. This is a year when 85% of the countries in the world mandated school closure, leaving 1.5 billion students out of school. A year when valuation of EdTech companies are at record high with new money continuously flowing into it. For the EdTech founders, it is the opportunity of a lifetime, also an ultimate stress test for their companies. As a global fund with a handful of EdTech portfolios across the world, we created this special series for EdTech founders to share their stories. Also included in this series is a chat with GGV Partner Jenny Lee on why she first decided to go into EdTech back in 2013 despite all the skepticism, key things she looks for, and what excites her most about the future of learning. For the full transcript of the show, go to Join our listeners' community, go to
Today on the show, we have Peter De Caluwe, the Executive Chairman and CEO of Thunes. Thunes is a B2B cross-border payments network for emerging markets. It provides transfer of funds between payment systems, including mobile wallet providers, money transfer operators and banks, in more than 100 countries and 60 currencies. We recorded this interview a while back, the company recently announced its $60 million Series B, which GGV Capital also participated as an existing investor. With more than 25 years of experience in FinTech, Peter is a specialist in electronic payments, e-commerce, credit cards in emerging markets. He was previously the CEO of Ogone, Naspers Payments and PayU. Having graduated with a Bachelor's in Marketing from Group T Leuven, a Belgium-based college, he has risen through the ranks to become a serial entrepreneur and investor. For the full transcript of the show, go to Join our listeners' community, go to
Interviewed by Hans Tung and Madhu Yalamarthi. On today's episode, we have Siddharth Shah, co-founder and CEO of PharmEasy, India's largest digital health platform. Start with a vision to make health care accessible and affordable to all farmers who supplies medicines to more than 1000 cities and towns in India. The company recently proposed a merger deal with its rival MedLife, creating now India's newest unicorn. Siddharth is focused on bringing radical reforms in the healthcare industry with the help of digital technologies. A graduated from DJ Sanghavi College in Mumbai in computer engineering, and he is an alumnus of the Indian Institute of Management Ahmedabad. For the full transcript of the show, go to Join our listeners' community, go to
This episode is co-hosted by GGV Colleague Dimitra Taslim. It was recorded a while back, so we also caught up with Hendra for an covid update in the second part of the podcast. Today on the show we have Hendra Kwik, Co-founder and CEO of Payfazz, a fintech platform that aims to build a network of distributed banking agents to enable a fully-digital mobile banking & payment solution for 440 million unbanked in Southeast Asia. Their network of agents acts as an intermediary between unbanked users and financial institutions and has served around 10 million people since its founding. The company, which has raised a total $21.3 million in funding, is the first Indonesian company to make it into the Y Combinator, a seed accelerator in the U.S. Prior to starting Payfazz, Hendra worked for Schlumberger as a Wireline Field Engineer in Brazil for two years. He also spent 3 months traveling across the region to learn about the startup ecosystem across Latin America. He holds a bachelor degree of Chemical Engineering from Bandung Institute of Technology. For the full transcript of the show, go to Join our listeners' community, go to
Today's episode is a recording of a founders' dinner we hosted in Jakarta last year. In a short Q&A part of the night, Hans answered a wide range of questions, including absolutes, trade-offs, the power of the mass market, patterns recognition across markets, and more. The dinner was hosted by GGV colleague Dimitra Taslim. Enjoy! For the full transcript of the show, go Join our listeners' community, go
If you have followed our show close enough, you probably know that we have a thesis around backing startups that help small retailers to do better. Better supply chains, operation efficiency, payment infrastructures, bookkeeping, etc. This was reflected through the episodes we did with Udaan from India, Telio from Vietnam, and Shihuituan from China. On today's episode, you will hear a conversation we had with one of the startups that are doing this in Indonesia. The first half of the show was recorded in September last year. But we also caught up with the founder a few weeks earlier on how COVID has changed how he saw the business, enjoy! The guest for today is Agung Bezharie Hadinego, Co-Founder and CEO at Warung Pintar. The name literally means smart kiosk in Indonesian. It is a micro-retail tech startup aimed to digitalize the street vendors in Indonesia. Launched in January 2018, it currently empowers 32,000 warungs in Jakarta and Banyuwangi, whose income has increased by 41% since adopting the system. Agung started Warung Pintar as a special project when he was an investment analyst in a VC firm called East Ventures. He holds a bachelor degree in Intermedia and an MBA from Bandung Institute of Technology. For the full transcript of the show, go to Join our listeners' community, go to
Today's episode originally aired on our previous guest Garry Tan's YouTube Channel. Garry turned the table and interviewed Hans on being a global investor in this day and age, what great founders have in common, and 1 thing he wants to tell his younger self. For the full transcript of the show, go to Join our listeners' community, go to
This episode is co-hosted by GGV Colleague Dimitra Taslim. It was recorded a while back, so we also caught up with George and Gaery for an covid update in the second part of the podcast. In this episode, we have George Hendrata and Gaery Undarsa from is the fastest growing Online Travel Agency platform in Indonesia. The site offers travel and entertainment related products, including flight tickets, hotel booking, train tickets, car renting and events services. Since August 2011, has become the top agent for Indonesian Airlines and an online partner of Indonesian Railways Company. In 2017, Tiket was acquired by Blibli, an ecommerce site backed by Indonesia's conglomerate Djarum. George Hendrata is the CEO of Prior to joining, he was a business development director at Djarum and chairman of BMJ, one of the world's largest specialty paper companies. George has a Bachelor degree from Columbia University and an MBA from the Harvard Business School. Gaery Undarsa is a Co-Founder of He is currently operating as the Chief Marketing Officer. Before founding, He worked at IBM Canada as an IT Analyst & Developer for 4 years. He graduated from Simon Fraser University in Vancouver, Canada with a dual degree in Computing Science and Business. For the full transcript of the show, go to Join our listeners' community, go to
Today on the show we have Garry Tan, the managing partner of Initialized Capital, a venture firm based in San Francisco he started with the Reddit Co-founder Alexis Ohanian. Garry is a designer/engineer turned early-stage investor. He was a partner at Y Combinator for nearly five years where he advised and funded over 600 companies and more than a thousand founders. He was a cofounder of YC-backed blog platform Posterous (Top 200 Quantcast site, acquired by Twitter in 2012). Before that he was employee #10 at Palantir, where he was a founding member of the engineering team for Palantir's financial analysis product, and also designed Palantir's logo. He has a Bachelor Degree in Computer Systems Engineering from Stanford. Garry regularly shares his insights and advice for founders on his Youtube Channel.  This episode is cohosted by GGV Colleague Christine Hinton. For the full transcript of the show, go to Join our listeners' community, go to
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 Join our listeners' community, go to
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 Join our listeners' community, go to
For this episode, we have Tony Zhao, founder, and CEO of 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, 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 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 (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 Join our listeners' community, go to
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 Join our listeners' community, go to
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 Join our listeners' community for future webinars, go to
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 Join our listeners' community for future webinars, go to
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 Join our listeners' community for future webinars, go
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 founder of a gaming startup in Beijing, who used to work on wall street. Get in contact with Raven for his startup at 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 Join our listeners' community, go to
Comments (5)

Lorri Antus

wow! great inspiration!

Apr 23rd
Reply (1)


No doubt the episode of Doris Ke is the funniest ever!

Feb 21st


I’m listening to the Dianping episode and Hans needs to stop cutting off Tao when he speaks. I’m more interested in Taos insight, and would prefer to hear him finish his thoughts.

Apr 20th

Ivan Felipe Pineda

it's like this podcast was made for me

Apr 19th
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