Very proud of
@manukumarjain
@leijun
@XiaomiIndia
@Xiaomi
. Almost all of Xiaomi Phones and TVs sold in India are mfg locally:
🏭 99% phones
#MadeInIndia
📱 65% parts locally sourced
👨🔧 35,000 workforce in factories
👷♀️ 95% of the workforce are women!
No. 1️⃣ for 1️⃣1️⃣ quarters! 🚀
@XiaomiIndia
is once again the
#1SmartphoneBrand
-
@IDC
! 🥳
🏆
#1
for 11 quarters in a row
🚀 31.2% market share
🖥️
#1
Online brand for 14 quarters
⭕️ 45. 8% online share
📱 Redmi 8 series: best selling phones in India 🇮🇳
Thank you all.
#Xiaomi
❤️
Pinduoduo is one of the fastest-growing e-commerce companies in China & just filed for a US IPO, but is still poorly understood in the West. We made a detailed deck explaining how it works and why it grew so fast. With
@zarazhangrui
@ggvcapital
To Day 1 again 🙏🚀💗. Thank you all for sending me and my partners your well wishes throughout the day today, 3/29/2024. excited about whats ahead and the opportunity to back notable founders, ideas, and causes who make positive differences in our lives.
It’s official. We are now Notable Capital. 😀 We chose the name Notable for the founders we invest with, the ideas they pursue, the causes they champion, and the remarkable companies they build.
Find us at
1/ Today, We
@GGVCapital
are thrilled to see
@Affirm
trading on the
@Nasdaq
as $AFRM 🎉
Working with
@mlevchin
is a masterclass in the success that comes with being authentic and working at what you love.
A thread 🧵
1st invested in
@leijun
&
@xiaomi
in late Jan 2010. His disruptive ideas then: 1) smartphone will replace pc 2) world class design at % of price will mkt itself 3) iterate fast to incorporate user demands 4) android compatible OS + own ecommerce channel + internet services = KSF
As
#AmazonGo
opens, we compared the spheres of influence of Amazon ($658 B) & Alibaba ($502 B). Though Alibaba had a later start, it is in quite a few more than sectors than Amazon, and actually went into offline grocery retail earlier than Amazon.
1/ We condemn racism, bigotry and hate.
We act in solidarity with the Black community.
We act in solidarity with all communities that work for positive change and against racism. But words aren’t enough: action must follow. We have work to do and we’re going to do it.
One of my favorite things about being a VC is helping someone pursue their dreams. Today, my former team member
@MadhuYalamarthi
launched his new company
@modakmakers
, a web3-based platform for teens with big dreams.
@BloombergLinea_
(translated):
Still remember 8 years ago, when I first heard the initial pitch, w no ppt and a very “ambitious” idea, on a cold winter night, in Beijing in Jan 2010.
I get why tech gets a lot of bashing these days. But when you listen to this made back in the mid 1990s, it is hard not to marvel at the clarity & depth of the analysis. This is why
@GGVCapital
we are grateful to be able to back visionaries worldwide and why i love what we do
This brought tears... It is a little easier to be a parent today for many: character matters, being a good person matters, a little safer to go out & see less hatred & racism.
I had great fun hanging out with
@garrytan
on our podcast recently. We talked about how the SLE program at Stanford shaped the way we do venture capital, big bets he's making, and advice for recent grads deciding between startups and big tech. Enjoy!
How did Douyin (Tik Tok), the short video app made by $30B Chinese media startup ByteDance, reach 150M daily active users in less than 2 yrs & became the world's most downloaded iOS app? with
@zarazhangrui
1/ As a Taiwanese American who has lived and worked in 9 cities and 4 countries, understanding the journey of how a person got to where they are today is very important to me. In celebration of
#AAPIHeritageMonth
, here are stories from the GGV community.
Excited to announce that
@GGVCapital
is launching a new podcast, 996, where I and
@zarazhangrui
interview movers & shakers of US-China cross-border tech. 1st episode: Yahoo!'s Jerry Yang on why he invested in Alibaba. A must-listen!
This is an extremely insightful piece from my partner
@glennsolomon
. Buy these developer-driven software stocks: Twilio, Atlassian, Datadog, Okta, Crowdstrike, MongoDB & (to come: Stripe, Snowflake, HashiCorp). All of us
@GGVCapital
@jrichlive
r bullish on this $trn category
16 years ago today, Salesforce went public with a $1.1B valuation -today its worth $160B. The SaaS industry it pioneered is now $1.7Tr in value; the top 3 public clouds are also worth over $1Tr; what's the next Trillion dollar market in software?
@forbes
Companies who can master WFH will have a competitive advantage. It is not abt change in tech, but also in work processes, ways to collaborate, and culture.
Congrats
@sfpiotr
and
@WishShopping
team on your IPO. All of us
@GGVCapital
are honored to have been a part of your special journey over the last 7 years. You made shopping fun for mass mkt value-conscious consumers who are underserved. More to come!
Last week we announced our first deal in Vietnam. Telio is the largest B2B eCommerce platform that empowers small retailers. At GGV, we believe if you deliver value and make a positive impact on society, good things will come over time. Here's their story
1st US-China collaboration in internet sector...to Go Global together. More alliances to come? At
@GGVCapital
we have been predicting
#covergence
for yrs, NOT separate walled gardens
from GGV annual meeting in Beijing:
@joetsai1999
eloquently articulating in 20 years,
@AlibabaGroup
will serve 2 Bn+ consumers worldwide & ~50% of biz to come outside of China
So happy for my
@Stanford
classmate Brent Bellum & team
@BigCommerce
. Kudos to my partner
@jrichlive
for encouraging everyone
#golong
. Another successful collaboration with
@gcvp
who is in early. Congrats to all!!
Get tears in my eyes reading this. Tnx for sharing
@robin_p_li
@GGVCapital
. Proud to be 1st gen immigrant in this land of opportunities, great state of
@Stateofcali2213
& amazing univ
@Stanford
. to help others 2 rise 2
"My journey with Zoom began with a desire for the independence to build something that would make users happy, a true video-first unified communications platform. This
#IPO
is us shouting out loud to the world ..." -
@ericsyuan
[Blog Post] >> <<
#MeetHappy
The average Chinese user has a lot more apps on their phone than the average American user. 43% of apps in China are used only once.
View my full deck on China Internet trends at
Last week, Tencent acquired 12% of Snap. As Snap shares plunged due to subpar Q3 performance, Tencent soared to become the first Chinese company worth over $500B. Here are 4 ways in which Tencent could help Snapchat.
#Tencent
#Snapchcat
A year ago,
#telehealth
was a small-but-growing segment of the overall US healthcare market. Then came
#COVID19
. We
@GGVCapital
are excited to announce our investment in
@khealth
, a data-driven healthcare company with over 4 million users. cc:
@robin_p_li
Rep. Lieu asks Republicans to stop using ethnic identifiers to describe Covid: “I am not a virus. And when you say things like that, it hurts the Asian American community.”
On top of the encouraging numbers from
@snapdeal
recently, here's a conversation I had with
@1kunalbahl
and
@rohitkbansal
earlier this year on the hard choices that made their comeback possible.
To solve the inefficiency of offline retail, the "Alibaba" of other emerging markets might look very different than what we know. from our latest newsletter. Subscribe at
China's Meituan ($30B) is trying to be the "Amazon for services." Being a "super app" allows Meituan to generate significant revenues from merchants—a business model that US companies can learn from. with
@zarazhangrui
@GGVCapital
Congrats to
@GGVCapital
's newest portfolio company,
@Slintel_Inc
, for their $20 million Series A fundraise, which we led.
@MadhuYalamarthi
& I are proud to back
@DeepakAnchala
+ Rahul Bhattacharya as they scale Slintel into the
#1
global sales intelligence leader.
This bike is cool - been waiting for my Superstrata. finally got it on Saturday. gorgeous & rides great (in parking lot of our sand hill rd office). Of course I am biased as I am an investor (since misfit days) in
@sonnyvu
@ledktrang
. 👍team
@ArevoLabs
from
@GGVCapital
Before Amazon Go opened to the public, China's BingoBox (a cashier-free convenience store) already had hundreds of stores across China. Listen to our interview with its founder on the latest episode of 996 Podcast by
@GGVCapital
We are deeply saddened by the news of our former partner, Rob Chandra, who unexpectedly passed away earlier this week. He was a teacher, mentor, and friend, who left an indelible mark on the firm.
We are excited to partner with Yellow, a leading micro-mobility platform based in Brazil which launched the country's first dockless bike-sharing service in Sao Paulo. Here's why. w/
@robin_p_li
@zarazhangrui
@GGVCapital
@Yellow_app
Mind boggling...from 180Mil dollars in 2003 (16 yrs ago) to half a trillion dollars in mkt cap today on NYSE. Who knew BABA would be this massive and transformational?
Here's a recent conversation I had with
@udaandotcom
Co-founder Vaibhav Gupta (VG) for our podcast Evolving for the Next Billion. Udaan is our first investment in
#India
and we're excited about its future!
Had fun appearing on the
@twentyminutevc
podcast w/
@HarryStebbings
, where we talked about why entrepreneurs should think global & go mass market, why I moved back to the US, etc. Take a listen at
Excited to announce our $8.9M Series A led by
@ggvcapital
, along with
@figma
and several key industry leaders who’ve changed software engineering before us.
Alibaba & Tencent are not "startup killers." They're increasingly willing to help startups succeed by strategically investing in them. Chinese startups should learn to leverage them to scale. By me &
@zarazhangrui
"In China, having an idea is not enough. It's about speed and execution." Tao Zhang, founder of Dianping (now part of the $30B giant Meituan-Dianping), on surviving brutal competition & dealing with Tencent & Ali on 996 Podcast with me &
@zarazhangrui
Our fintech team
@GGVCapital
is thrilled to introduce the Embedded Fintech 50!
#EF50
🎉
The Embedded Fintech 50 includes today’s top 50 fintech cos as chosen by 57 investors.
Let’s go fintech innovators!! 🚀
Congrats to
@limebike
for closing $310M in Series D. Highly recommend checking out this convo that I had with Lime CEO
@tobysun
where we discussed scooters, the future of mobility, and what it's like to be immigrant founders in the US. With
@zarazhangrui
Well said.
@zoom_us
is taking rev $ away from business travel spend, including all airlines in star alliance, oneworld, skyteam...etc. + hotels. this is exactly what makes tech innovations so fascinating to track. something new everyday. Congrats
@ericsyuan
Wow! $ZM/
@zoom_us
earnings off the chart. Remember that $zoom is taking share from airlines & hotels. Lots of $$$. Wrote about it 25+ years ago, & somehow still missed
@ericsyuan
as an investment. 🤦♂️ Original post:
2023 will be a year where fintechs invest in product development and partnerships over high-burn hypergrowth, transitioning their offerings from point solutions into all-in-one platforms that keep customers within the same ecosystem.
#bigideas2023
1/ Today,
@GGVCapital
and I are thrilled to see
@Opendoor
trading on the
@Nasdaq
as $OPEN 🎉 We've long admired
@ericwu01
and the Opendoor team for making bold bets and staying true to their mission to empower people to move 🏡
To celebrate, I took a walk down memory lane…
"I learned that the key to success is making others happy." - Eric Yuan, founder of Zoom, on the 996 Podcast with me &
@zarazhangrui
. Eric was recently named Top CEO on Glassdoor. Inspiring story!
@ericsyuan
@zoom_us
@GGVCapital
1/ GRAB! Southeast Asian leader in mobility (~Uber), Delivery (~Dash) and Payments (~Ant) going public at ~$40 B market cap on
@Nasdaq
via Altimeter Capital Markets platform. $AGC
@AnthonyPY_Tan
@Rich_Barton
@GrabSG
@Uber
Poshmark's Push Notifications Are (surprisingly) Intimate! This article captures the beauty of
@poshmark
brand in a beautiful way. Tnx for sharing
@marrc
. Great case study for founders striving for that communal feel w their users
@GGVCapital
Proud to share - an INR 100CR grant created by India’s startup community to give wings to ideas that could help
#India
combat
#COVID19
with immediate impact.
If your idea could act as a force multiplier in today’s situation, apply:
Here's why the merger of our portfolio company
@musicallyapp
& Chinese content giant Bytedance (Toutiao) could usher in a new age for all content companies. w
@zarazhangrui
@GGVCapital
Big thanks to
@johndstoll
for his review in the
@WSJ
of the Peloton Bike+: "The Peloton formula—hardware, classes and social interaction—leads to the thrill and adrenaline of a sport rather than the drudgery and isolation of working out at home."
Kamala Harris has made history.
She brings a legion of firsts to the vice presidency: She will be the first woman, the first Black person, the first Indian American and the first Asian American to hold the office.
1/ Congrats
@Stori_MX
on your $200M Series C! We
@GGVCapital
are thrilled to co-lead this round.
Bin, Sherman, Marlene + team are bringing credit to 400 million+ people in
#LatAm
who have been neglected or turned away by traditional banking institutions.
[Updated] We compared the spheres of influence of the world’s two e-commerce empires. Though Alibaba had a later start, it actually entered a few areas (offline grocery retail, healthcare, financial services, etc.) earlier than Amazon. More on
@GGVCapital