GGV Capital Tong Shihao: Chinese Internet era coming cross-border investmentQiming leave last August, after the October to GGV, GGV Capital Management Partners Tong Shihao identity across the United States and China into a local investor. To simultaneously across the United States and China market, which had lived in the US for 16 years, and in China made him 8 years of investment, it does not seem difficult. \u0026 Ldquo; I went outside to see the full opportunity, as long as they are willing to fight, really are you, feeling very free, investment banking from 1993 to the present, until a great era and Air Jordan 5 Retro do not grasp the number of lifetime too much. \u0026 Rdquo; Tong Shihao excitedly told reporter, \u0026 ldquo; like the 15th century is a century Air Jordan 4 Retro opening up new routes, is now a good time coming, and obviously feel the next 10 years is a big trend of globalization. \u0026 Rdquo; this year, Tong Shihao has completed three business investment, there are a few of the projects are in communication. According to his estimates, the annual investment projects in the 7 to 8, the United States two basic projects in half, which is the largest investment career since he was a year of investment projects. Dunes on the way the Internet is never a shortage of globalization Silicon Valley star investors, Tong Shihao may feel the lack of the ability to see a trend. So he decided to carry out investments in the two countries is rooted in Chinese Internet companies have increasingly highlighted the competitive advantage in overseas and US companies interested in the Chinese market. Has been steeped in the field of Internet investment Tong Shihao see, PC era and the mobile Internet era has a significant difference in the PC era a country to go to another country business development, to build an additional site traffic to find time to spend relatively speaking a lot more. But now, with the popularity of Facebook and LinkedIn, plus a variety of APP's appearance, making a new application to enter new markets much lower threshold of globalization significantly faster. Meanwhile, the Chinese Internet company after 10 years of brutal competition, has formed a complete value chain, these companies out of the country after seeing worldwide except China, the United States, no other market can have so many local local Internet companies, competition is very weak. The BAT series of cross-border M \u0026 A activity Tong Shihao even been seen as a weathervane. 'First Financial Daily' reporter read previous public information found Ali Baba (scroll Information) in 2010 to open its overseas investment acquisition mode, from the earliest acquisition of US e-commerce company Vendio, to invest in the US this year, the luxury e-commerce site 1stdibs, while combined with other consortia, shares American car applications Lyft, the latest is the investment of the US mobile gaming company Kabam. Tencent pace of overseas then go far earlier, in 2005 completed Korea Tencent GoPets Ltd. Company mergers and acquisitions, and Tencent in the US market from 2011 to 2013 and has acquired equity stake in gaming company Riot Game and Epic Games Fab's electricity supplier. \u0026 Ldquo; Tencent and Alibaba increase in overseas investment, the odd tiger and cheetah and other companies are actively involved in overseas expansion, such as UCWEB is the largest US mobile browser, clean master cheetah is the Air Jordan Others world's Top 5 most popular of APP, something like 3 to 5 years is unexpected, apparently Chinese companies now have a competitive advantage abroad. \u0026 Rdquo; Tong Shihao said. In his view, the reason for this situation is that Internet companies overseas team is a combination of a few people, but China is often a corps, so Chinese companies, whether the speed Air Jordan 1 of development, integration capacity or speed of an on-line App all foreign companies can not match. American VC 'attitudes show everything, to the United States shortly after Tong Shihao in contact with some of the local VC counterparts in the United States found that many people are aware of millet, Ali Baba, but how successful is not very clear, they want to listen to, Learn more. Tong Shihao said: \u0026 ldquo; China's Internet development to a critical point in time, over the past 12 months as millet, Ali Baba, the odd tiger, cheetah, companies such as Tencent's movements are caused by the US investor's attention, they have produced them cast off or sell the company to Alibaba, Tencent and other companies of the idea. \u0026 Rdquo; at the same time, the United States, founder of start-up companies is changing background. Tong Shihao mentioned, before the US start-up companies almost all of them major schools of the United States people, but now a lot of first-generation immigrants to the United States in the field of mobile Internet venture has begun to emerge. Tong Shihao Wish quite proud of the investment project is an example, this is the first project to the United States last year after he invested, the founding team of Jews in Eastern Europe, and the other was born in China and abroad to attend university and work. They were both in the United States spent 20 years on the US market is very understanding. Tong Shihao believe that this team fight to get to the international market competitiveness will be stronger than the general US local indigenous people, and they are more willing to try. Wish list recently published in the C round of investment, GGV Capital to continue to invest in, and jun of capital also appears in the new round of investment on the list. \u0026 Ldquo; at least from the Internet industry, the future trend will be no boundaries, is a whole trend of integration, and China began to notice more and more VC investment opportunities in the United States Internet. \u0026 Rdquo; globalization is based on these trends play judge, \u0026 ldquo; I play is globalization, and will continue to strengthen. \u0026 Rdquo; Tong Shihao summarize their investment strategies. For example, he, like his watch chain will not look at one country or industry chain. In particular, he mentioned that in the innovative ideas of US Internet will be more, but the implementation of a combination of hardware and software will find that they are not proficient in hardware, can complement each other, many Chinese hardware talent, but they may own The idea is not particularly much, so Tong Shihao think how can combine these two sides together resources are best suited to do their own thing. \u0026 Ldquo; The more clear understanding of global change, each country do not know what to do, long, weaknesses of each where reaction speed will make decisions much faster than others. \u0026 Rdquo; he stressed. Tong Shihao still Wish example. \u0026 Ldquo; I do not think the Internet development speed is dazzled me, so I do not know how to go, in fact, a lot of tactics, to see whether they have opinions. \u0026 Rdquo; he said, \u0026 ldquo; China has 8 million on Taobao seller, of which 10% is good quality sellers, most of them are only domestic, do not export much, after the competition will certainly be more intense, But in fact they SKU line than in any store including Wal-Mart should be more, so these sellers must expand overseas market, then who can help them go abroad, and this is where the opportunity Wish. \u0026 Rdquo; the Nike Air Yeezy main mode of Wish is to Taobao, Lynx and sellers on eBay to go overseas, and this is the Chinese model Tong Shihao output of the first US investment case. He recalls the first time he met Air Jordan 3 Retro with Wish team asked five questions, the products come from? Is not famous? Who is buying? How many users? How many overseas? When he learned that many domestic eBay sellers sell on his platform products, most of which currently comes from China, and provided the goods are manufacturers of Nike Shoes their products, while 60% of buyers in the United States Cock wire user, he decided to invest immediately closed. \u0026 Ldquo; because I know I can help you integrate into China's 800,000 sellers, foreign customers to pay high degree of competition is no less intense environment in China, the same product can sell a higher price. \u0026 Rdquo; Tong Shihao more optimistic about the future of Taobao sellers will use various channels to do export. In fact, Wish growing evidence of his views. According to him, from the end of December last year to now, Wish from $ 50,000 a day in the water, and now has more than 20-fold increase, but only took eight months. Currently, Wish of APP ranking in Spain, France, Germany and other countries of lifestyle applications in the first three, the US top ten. Tong Shihao that when a country's economic status, demographic Learn more time to spend a long time, it will determine whether it is good or bad a company or industry factors company factors. \u0026 Ldquo; I see this company did not do a good job, not because the industry is not good, but because the company itself is a problem, because in other places I've seen this kind of model of the company, they do better. \u0026 Rdquo; Tong Shihao told reporters, \u0026 ldquo; in fact, the idea or model can succeed is still relatively small, a good idea if you can copy it to each country to do, and then do the localization process, in fact, its chances for success than complete many more have not been tested ideas opportunities. \u0026 Rdquo; he felt that, if we can have in-depth look at the project in the two countries, it can increase the likelihood of success of judgment. \u0026 Ldquo; a lot of ways, data collection, build more capable data analysis and understanding of the different countries will allow you to see more clearly what the opportunity is worth, what chance is not worth watching. \u0026 Rdquo;