Sino Indo Tekno Special: The China relationship with Helen Wong of Qiming Ventures
"Sino Indo Tekno" is a new collaboration with leading China technology authority Art Dicker and his Shanghai-based Gan Bei podcast. Sino Indo Tekno will air regularly to address the growing interconnectedness of the China and Indonesia technology worlds.
In our first instalment of Sino Indo Tekno, we feature Helen Wong, Partner at leading Chinese VC Qiming Ventures. Qiming is one of China's first major venture investors into Indonesia. Helen compares and contrasts Indonesia today with the early days of the China internet, when internet platforms such as Sina and Sohu first disintermediated the media industry, while their peers eventually went on to change the face of banking, healthcare and other verticals in China. Helen sees a different evolution for Indonesia. She goes on to profile a number of China-Indonesia synergies that have emerged in the internet space, but at the same time Helen expects Indonesia to produce its own champions in areas such as AgriTech, Muslim fashion and Sharia finance.
We discuss with Helen common mistakes in blindly copying China models to Indonesia. Helen also addresses major questions such as: Using China as a guide, when will the Indo subsidy wars end? Will Indonesian consumers become good paying subscribers? Will Sino-US tensions benefit the Indonesian tech ecosystem? Will the Alibaba-Tencent rivalry spill over into Indo? How will early stage Indo start-up valuations trend?
Please tune this new sub-series of the Indo Tekno podcast!