Ming Maa of Grab: How We Grow a Super App in a Highly Diverse and Competitive Region
1 hr 9 min

This show is previously known as 996 with a specific focus on tech in China. You can access all the previous 996 episodes in this same feed. Today on the show we have, Ming Maa, President of Grab, Southeast Asia's leading super app, providing the everyday services that matter most to consumers. The conversation covered a wide range of topics; how Grab thinks about expansion (markets vs verticals), the tension between product development and scaling, what are the right kinds of high frequency use cases for a Super App, the Uber deal, best piece of advice he's ever been given and what it is like to work with Masayoshi Son from Softbank.

This episode also features a bonus interview with GGV Managing Partner, Jixun Foo, who led GGV's investment into Grab in 2014. Jixun shared how he met Grab's founder Anthony, the reason behind the different growing paths of Didi and Grab, and what he looks for in mobility startups. Grab offers transport, food and package delivery, mobile payments and financial services to over 36 million users across eight countries in the region. Launched in 2011, it is now reportedly valued at $14 billion, making it Singapore's first "decacorn", and a GGV portfolio company. Ming has over 12 years of finance and investment experience across the U.S. and Asia. He joins Grab from SoftBank, one of Grab's key strategic investors, where he played a key role in overseeing SoftBank's investments in SoftBank's Series D and F investment in Grab. Ming received his Bachelor of Science and Master of Science degrees from the Massachusetts Institute of Technology. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community.

Analyse Asia with Bernard Leong
Analyse Asia with Bernard Leong
Carol Yin and Bernard Leong
The SCMP China Fintech Report 2020 with Eugene Tang
In episode 336, Eugene Tang, business editor from the South China Morning Post (SCMP) joined us to discuss the China Fintech Report 2020 where he dissect the latest important trends in the fintech market. Eugene started the conversation with a story of his career and interesting learnings in his journey. From there, he dived into the key themes of the China Fintech Report 2020, from explaining how the fintech space in China are currently dominated by the tech giants in China, the impact of AI in the industry and most important, what the new digital cryptocurrency launched by China would mean for its domestic economy and the rest of the world. Here are the interesting show notes and links to the discussion: * Eugene Tang (LinkedIn), Business Editor, South China Morning Post (or SCMP in short) * What is your current role and responsibilities as the business editor for South China Morning Post? * How did you get started in your career? * In your career journey, what are the key learnings you can share with our audience? * China Fintech Report 2020 by SCMP (Promo Code for 20% off: ANALYSEASIA) * What are the key themes for the China Fintech Report 2020? * What is the intended audience for the report? * Let’s start with the key observations, in the report, the tech giants in China for example, Alibaba Group, Tencent and Baidu and JD and Ping An are currently leading in the fintech race. Can you explain how these companies have built their digital only banks and help to broaden economic development with micro loans to customers and extending credit to SMEs? * What are the underlying technologies in China Fintech that have helped to propel their advances in the past few years, for example in the payments space? * How do you see artificial intelligence (AI) influence fintech growth? Can you provide any examples that are stated in the report (for example MYBank and Daokou Fintech)? * Global expansion for Chinese fintechs has been ongoing in the recent years. Can you expand on how fintech in China can help different parts of the world, specifically in broadening financial inclusion? * Can you discuss the state of blockchain technology in China and the vision for China to establish the first central bank issued digital currency? * What are the implications for the Chinese economy as of when and if the digital currency is launched? * What are the regulatory shifts for Chinese fintechs? * What are the new rules in play that will change the landscape in the next year? * Recently, the Ant IPO has been delayed because of the clash with the financial regulatory body in China. Can you offer your perspectives on the issue? * What will be the key challenges for Chinese Fintech in the year ahead? * Closing * Can you recommend a book, movie, podcast or anything which have inspired you recently? * Eugene's recommendation: Investigation of Competition in Digital Markets by US Congress * How can your audience find you? Editor's Note: SCMP has kindly offered a 20% discount for the China Fintech Report 2020 to all listeners of Analyse Asia podcast and please click on this link and enter the promo code: ANALYSEASIA Podcast Information: * RSS Feed * Apple Podcasts * Himalaya * Spotify * Libsyn * Google Play * Overcast FM * SoundCloud * Luminary * Twitter * Facebook Video * Facebook Page * Linkedin * Stitcher * Castbox * RadioPublic * Acast * PodBean * ListenNotes * TuneIn The show is hosted and produced by Carol Yin (@CarolYujiaYin) and originally created by Bernard Leong (@bernardleong, Linkedin). Sound credits for the intro music: Taro Iwashiro, "The Beginning" from Red Cliff Soundtrack. analyseasia · The SCMP China Fintech Report 2020 with Eugene Tang
27 min
Tech Buzz China by Pandaily
Tech Buzz China by Pandaily
SupChina
Ep. 78: China’s Digital Currency Electronic Payment (DCEP) dreams
Episode 78 of Tech Buzz China features our co-host Rui Ma in conversation with Yán Xiāo 肖妍 on the timely topic of China’s proposed national digital currency. Yan is a San Francisco-based Project Lead at the World Economic Forum with deep experience in fintech, having worked as senior legal counsel at Ant Group. She is also a lawyer by training and holds both American and Chinese legal licenses. Her current work focuses on digital payments and cross-border payments. Yan’s opinions on this episode are her own thoughts, and do not reflect those of the Forum in any way.  Rui was an early observer of the cryptocurrency space, and has witnessed the rise of Bitcoin and other technologies unfold concurrently in the U.S. and China. Listen to their conversation to find out: What does Yan think about the prospects for China’s proposed digital currency, which is typically called digital yuan or digital RMB? How are these prospects affected by the existing payments and digital landscape in China? What are the key features of digital RMB? What technologies form its backbone? What are other countries doing -- what is the global landscape for this type of national initiative?  Yup, Rui is still researching and writing on ByteDance for her ebook. You’ll want to get front-row updates on it and to her other work by subscribing to our newsletter, at techbuzzchina.com. You’ll also want to check out the Tech Buzz China YouTube channel, and can view all of our past transcripts on our website, as well as at pandaily.com and supchina.com.
37 min
Wharton FinTech Podcast
Wharton FinTech Podcast
WFT
Entrepreneurship, Stand-up Comedy, & Investing – Eric Satz, Founder/CEO of AltoIRA
Miguel Armaza sits down with Eric Satz, Founder and CEO of AltoIRA, a company on a mission to help individuals in the US access and execute investments in alternative assets using their retirement savings. We cover: - Eric’s journey from investment banker, to coffee shop owner, to venture capitalist, to AltoIRA founder. - What influenced him to pursue entrepreneurship throughout most of his life. - Why he thinks this is now a great time to invest in private companies. - The advantages of launching a fintech startup in Nashville, Tennessee. - Why he thinks the only thing harder than fundraising for startup money is making somebody laugh and why he has so much respect for stand-up comedians. - And much, much more! Eric is also the host of his own podcast, The Altogether Show, which features unfiltered interviews with untraditional entrepreneurs who ignored boundaries and followed their instincts. https://altogether.show/ Eric Satz An entrepreneur and former investment banker, Eric worked for DLJ/Credit Suisse First Boston before co-founding Currenex, Plumgood Food, and Tennessee Community Ventures, a VC firm. Eric served on the Board of the TVA from 2015-January 2019, and he teaches an entrepreneurship class to high school students. A Miami native and diehard 'Canes and Dolphins fan, Eric went to Amherst College. After years in NYC and then San Francisco, he and his wife moved to Nashville, her hometown, to raise their kids. When he's not breathing life into startup companies, Eric loves to ski, play soccer, and practice yoga. About AltoIRA AltoIRA is a financial technology company on a mission to help individuals access and execute investments in alternative assets using their retirement savings. The firm's cost-effective and hassle-free platform streamlines the process for investors, funding portals and issuers alike. Alto currently works with leading platform partners including AngelList, Wefunder and Masterworks, as well as financial advisors, funds and other direct issuers. Launched in 2018, the Nashville-based fintech firm is backed by leading investors including the family office of Tony James, Moment Ventures, Foundation Capital and the Sequoia Scout Fund. For more information, please visit www.AltoIRA.com - https://www.whartonfintech.org/ - https://twitter.com/whartonfintech - https://www.linkedin.com/company/wharton-fintech-club - Host: https://www.linkedin.com/in/armaza/
39 min
The Twenty Minute VC: Venture Capital | Startup Funding | The Pitch
The Twenty Minute VC: Venture Capital | Startup Funding | The Pitch
Harry Stebbings
20VC: Benchmark's Sarah Tavel on Why Chasing GMV Will Lead To The Wrong Direction, The 2 Crucial Tipping Points For Marketplace Adoption, Why UGC Plays Are Like Marketplaces & How To Determine Between Existential and Non-Existential Risk
Sarah Tavel is a General Partner @ Benchmark, one of the most successful funds of the last decade with a portfolio including the likes of Uber, Twitter, Dropbox, WeWork, Snapchat, StitchFix, eBay and many more. As for Sarah, prior to joining Benchmark, she was a General Partner at another globally renowned firm, Greylock, where she led deals in Sonder and Gixo. Pre-Greylock, Sarah was the first PM @ Pinterest where she led three acquisitions, launched Pinterest internationally, and was responsible for closing their $100m Series C financing. 20VC: Benchmark's Sarah Tavel on Why Chasing GMV Will Lead To The Wrong Direction, The 2 Crucial Tipping Points For Marketplace Adoption, Why UGC Plays Are Like Marketplaces & How To Determine Between Existential and Non-Existential Risk In Today’s Episode You Will Learn: 1.) How Sarah made her way from being the first PM at Pinterest to being a General Partner at one of the world's leading venture firms, Benchmark? 2.) What does Sarah mean when she says, "the small things are not the big things"? How does Sarah determine between existential vs non-existential risk? How does this impact the type of board member Sarah is? How has Sarah seen the best board members engage? Who are they? 3.) Why does Sarah believe that in marketplaces, chasing GMV will lead you in the wrong direction? How does Sarah think about good vs great when it comes to 1.) Average order values? 2.) Repeat purchase rates. 3.) NPS? 4.) Net revenue retention? How should they change with time? 4.) In marketplaces, what is a tipping point? What are the 2 crucial tipping points to be aware of? How can marketplaces ensure demand brings further demand? What can they determine from how demand engages with different suppliers? How does Sarah feel about feedback systems? 5.) Why does Sarah believe that UGC plays are like marketplaces? What lessons can be drawn from TikTok to suggest this? How does Sarah think about her biggest lessons when analysing the growth of DoorDash? What do many not see that is important to recognise? Item’s Mentioned In Today’s Episode Sarah’s Favourite Book: Pachinko: The New York Times Bestseller As always you can follow Harry and The Twenty Minute VC on Twitter here! Likewise, you can follow Harry on Instagram here for mojito madness and all things 20VC.
37 min
Acquired
Acquired
Ben Gilbert and David Rosenthal
Virgin Galactic
Live from the 2020 ASCEND Space Conference, Acquired covers the full story behind the most "out there" technology story of the past few years: Virgin Galactic. How did this space tourism company grow out of the winning X Prize team, and catch the eyes and fancy of billionaires like Paul Allen, Sir Richard Branson, and, most recently, company chairman Chamath Palihapitiya who took it public via the first "modern" technology SPAC transaction in history? Tune in to find out!! If you want more more Acquired and the tools + resources to become the best founder, operator or investor you can be, join our LP Program for access to our LP Show, the LP community on Slack and Zoom, and our live Book Club discussions with top authors. Join here at: https://acquired.fm/lp/ Sponsors: * Thanks to Tiny for being our presenting sponsor for all of Acquired Season 7. Tiny is building the "Berkshire Hathaway of the internet" — if you own a wonderful internet business that you want to sell, or know someone who does, you should get in touch with them. Unlike traditional buyers, they commit to quick, simple diligence, a 30-day or less process, and will leave your business to do its thing for the long term. You can learn more about Tiny here: http://tinycapital.com * Thank you as well to Bamboo Growth and to Perkins Coie. You can learn more about them at: * https://growwithbamboo.com * https://www.perkinscoie.com/ Playbook Themes from this Episode: (also available on our website at https://www.acquired.fm/episodes/virgin-galactic ) 1. Prizes can be a great way to generate leverage on innovation. If done right, the X Prize and other industry prizes like it (e.g., Netflix Prize, DARPA Challenge, etc) can bring an order of magnitude more talent to bear on a challenge than what the same dollars alone could hire. * The challenge is to create a prize that inspires and draws in a large enough pool of contributors. The aerospace industry’s “cool” factor may be what allowed the X Prize to succeed and explain why prizes aren't employed as often in other sectors. 2. When trying new things, most people want to go second — but those willing to go first get the best returns.Being first into new markets carries high risk (including/especially reputational), but often also offers asymmetric upside. Investing in a new frontier when others think it’s crazy is a recipe for success — if you’re both contrarian and right. * Chamath took a huge turn from the traditional VC playbook when he created his first SPAC in 2017, years before they went mainstream. He and his investors have generated over $1B in profits from that vehicle (which is now merged with Virgin Galactic), and have since used those proceeds to launch five more. 3. The best time to invest was yesterday, the next best time is today. Great investors don’t miss the chance to invest in big markets because they’ve passed on it before. Sir Richard Branson passed on investing in the X Prize twice before partnering with Burt Rutan's winning team to build Virgin Galactic. 4. Whenever a market's prices aren't being set by supply and demand, there's probably an opportunity to disrupt that market. The traditional IPO pricing process is managed by third parties (investment banks) that represent both sides of the transaction, and also have their own economic interests at play. It's the equivalent of a real estate agent representing both the buyer and seller. As a result, many technology IPOs have left hundreds of millions or billions of dollars on the table. SPACs and direct listings are now solving that problem. Any other market with this dynamic should represent fertile ground for entrepreneurs. Links: * Virgin Galactic's "One Small Step" reservation program: https://www.virgingalactic.com/smallstep/ * The November 2020 launch delay: https://www.virgingalactic.com/articles/virgin-galactic-adjusts-test-flight-schedule-in-response-to-new-state-government-covid-19-restrictions/ Sources: * Black Sky Documentary: https://www.youtube.com/watch?v=cikmdTVFPig * How to Make a Spaceship: https://www.amazon.com/How-Make-Spaceship-Renegades-Spaceflight/dp/1101980494/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=&sr= * http://d18rn0p25nwr6d.cloudfront.net/CIK-0001706946/362d3eae-199a-4995-ab78-232a09ced07d.pdf * http://www.agent4stars.com/virgin-galactic-passenger-list/ * https://abcnews.go.com/Business/story?id=8191703 * https://abcnews.go.com/Business/virgin-galactic-resume-selling-tickets-space-reports-skyrocketing/story?id=69229936 * https://en.m.wikipedia.org/wiki/Virgin_Galactic * https://en.wikipedia.org/wiki/Burt_Rutan * https://en.wikipedia.org/wiki/Richard_Branson * https://en.wikipedia.org/wiki/Scaled_Composites * https://en.wikipedia.org/wiki/The_Spaceship_Company * https://en.wikipedia.org/wiki/Virgin_Galactic * https://investors.virgingalactic.com/news/news-details/2020/Virgin-Galactic-Adjusts-Test-Flight-Schedule-in-Response-to-New-State-Government-COVID-19-Restrictions/default.aspx * https://investors.virgingalactic.com/news/news-details/2020/Virgin-Galactic-Announces-Third-Quarter-2020-Financial-Results/default.aspx * https://open.spotify.com/episode/63gIP0UcvBUyhuf0qz1Rza * https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5mZWVkYnVybmVyLmNvbS9wcm8tcmF0YQ/episode/OTc4MDliM2MtYTI1NS0xMWU5LWJhZjMtMmYxYWQyZTM2ZmM0 * https://sifted.eu/articles/fund-fintech-secret-ian-osborne/ * https://techcrunch.com/2020/09/16/cant-stop-wont-stop-social-capital-hedosophia-just-filed-for-its-fourth-spac-says-new-report/ * https://www.ainonline.com/aviation-news/aerospace/2007-08-28/northrop-grumman-seals-scaled-composites-deal * https://www.bloomberg.com/news/articles/2020-11-05/virgin-galactic-sees-new-ticket-sales-after-branson-s-space-trip * https://www.businesswire.com/news/home/20121005005907/en/Virgin-Galactic-Acquires-Full-Ownership-Spaceship-Company#.VFvXsPnF98E * https://www.forbes.com/sites/daviddawkins/2020/09/06/inside-virgin-orbit-richard-bransons-small-satellite-bid-to-match-musk-and-bezos-in-the-billionaire-space-race/?sh=1d880f577ab9 * https://www.listennotes.com/podcasts/industry-focus/cg-virgin-galactic-prepares-wOHokI4mM06/ * https://www.marketwatch.com/story/abu-dhabis-aabar-boosts-virgin-galactic-stake-2011-10-19 * https://www.renaissancecapital.com/IPO-Center/News/65718/The-Space-SPAC-Everything-You-Need-to-Know-about-Virgin-Galactic * https://www.renaissancecapital.com/IPO-Center/News/72123/Palihapitiya-and-Osbornes-fifth-SPAC-Social-Capital-Hedosophia-Holdings-V-p * https://www.sec.gov/Archives/edgar/data/1706946/000114420417044783/v473766_s1.htm * https://www.sec.gov/Archives/edgar/data/1706946/000119312519215509/d785777ds4.htm * https://www.space.com/31993-stephen-hawking-virgin-galactic-spaceshiptwo-unity.html * https://www.spacedaily.com/upi/2004/0831-091100-us-spacerace2-cashprize.html * https://www.theguardian.com/business/2014/oct/09/virgin-galactic-space-tourism-richard-branson-george-whitesides * https://www.theverge.com/2018/10/13/17967954/virgin-galactic-richard-branson-saudi-arabia-jamal-khashoggi * https://www.usatoday.com/story/tech/talkingtech/2018/05/29/amazons-jeff-bezos-says-we-need-leave-earth-survive/651715002/?fbclid=IwAR0E2z5cBtry3Zy0sNRs9jRFKjE_b-T7N-kN0TQO7MDbWJO-baZKw4ZMZGU * https://www.wsj.com/articles/richard-bransons-virgin-orbit-seeks-1-billion-valuation-in-fundraising-11602403201?cx_testId=3&cx_testVariant=cx_2&cx_artPos=1#cxrecs_s * https://www.wsj.com/articles/richard-bransons-virgin-raises-480-million-with-spac-11601642288
1 hr 45 min
Fintech Insider Podcast by 11:FS
Fintech Insider Podcast by 11:FS
11:FS
482. Insights: Lessons on Lockdown: challenges, changes and opportunities in financial services
In the midst of a second national lockdown in England, Adam Davis and guests take a look back at what's happened during and since the last, larger lockdown and the lessons we’ve learned as an industry that can help us going forward. This week's guests include: Jana Lvova - Head of Fintech Europe, Visa Simon Cureton - CEO, Funding Options James Smith - Director of Digital, Nationwide Building Society This podcast is brought to you by Jack Henry Digital (https://hubs.ly/H0w__kt0) the pioneer and creator of personal digital banking that helps community financial institutions strategically differentiate their digital offerings from those of MegaBanks, BigTechs and FinTechs. This podcast is also brought to you by Pento (https://pento.io/insider) - the UK’s first automated payroll platform. Say goodbye to clumsy spreadsheets, endless emails with external payroll providers and manual payments. Pento lets you run payroll in just a few clicks. It calculates taxes, integrates with platforms like Xero and makes all the payments and reports to HMRC & pension providers for you. Go to pento.io/insider to run payroll for free for the rest of the year. Banking as a Service is deconstructing the banking stack. It's enabling brands to embed finance more easily, and to tailor financial products to specific customer needs. This is presenting new opportunities for specialised providers and offers banks extra revenue streams. Download our report for a comprehensive, no BS view of what Banking as a Service is and what it means for the industry. Head to bit.ly/bankingasaservice (https://bit.ly/bankingasaservice). Fintech Insider by 11:FS is a podcast dedicated to all things fintech, banking, technology and financial services. Hosted by a rotation of 11:FS experts including David Brear, Simon Taylor, Jason Bates and Sarah Kocianski and joined by a range of brilliant guests, we cover the latest global news, bring you interviews from industry experts or take a deep dive into subject matters such as APIs, AI or digital banking. If you enjoyed this episode, don't forget to subscribe and please leave a review Follow us on Twitter: www.twitter.com/fintechinsiders where you can ask the hosts questions, alternatively email podcasts@11fs.com! Special Guests: James Smith, Jana Lvova , and Simon Cureton.
55 min
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