Michael and Johnny continue their International Technology Tour still in the Asia-Pacific region. Specifically, we look at the largest companies in the internet industries - E-Commerce, Messaging, Payments, as well as the large financial institutions that fund them.
Recorded Date: Sunday, August 23, 2020
Time Stamps
- 00:00:21: E-commerce
- 00:13:24: The "WeChat" Companies
- 00:24:57: SoftBank
- 00:29:21: APAC Conclusion
Highlights
- While the traditional industries have started leaving the U.S., the internet industry is still dominated by the U.S. with China starting to rival them now
- JD Worldwide had its start in the analog world much like Netflix before pivoting to be an e-commerce offering
- Southeast Asia with a population of over 600 M is an interesting area to look at for tech
- There is no direct equivalent U.S. company to China's Tencent
- Is WeChat the most successful social media company in the world?
- Can any other company reach parity or near parity with what Tencent has built with WeChat?
- SoftBank's Vision Fund has investments across the following categories - Consumer, Enterprise, Fintech, Frontier Tech, Health Tech, Real Estate, Transportation + Logistics
- Is the U.S. the world leader in technology for those starting their career today?
- How come Australia is not playing a more prominent role in tech compared to China and India?
- Michael always assumed his internet experience was THE experience on the internet - he no longer believes that - his is only one of the many internet experiences out there
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