Uber faces an uphill task in Uber China especially since Didi Chuxing is multiple times larger by transaction value and city coverage, this will lead to favorable outcomes for both companies. The biggest benefit is cost savings, they no longer have to give out subsidies to drivers and passengers. It will give pricing power as the new entity will become the dominant player. That means profitability will come sooner than later.

Richard Ji

Categorized in : Mergers & Acquisitions

First-tier (technology) names still retain their valuation due to... by Richard Ji

First-tier (technology) names still retain their valuation due to a capital flight to safety.

China has the world's largest tourist population...and the largest number of vacant houses in its domestic market, which form a fertile ground for the house sharing market.

The past couple of weeks was a big wake-up call to everyone, this... by Richard Ji

The past couple of weeks was a big wake-up call to everyone, this will serve as a big lesson.

This is a quick and cost-effective way to help grow your young businesses without relying on the main listed company for funding needs, these young businesses are usually loss making but once you become part of a listed entity in Hong Kong, it makes it easy to raise capital to finance future growth.

As a fund, we focus on late-stage opportunities, or companies that are 2-3 years away from potential IPO, if you focus on growth-stage companies, chances are you'll pick the wrong horse.

These companies have a disruptive product or business model, and... by Richard Ji

These companies have a disruptive product or business model, and they are the winners of tomorrow.

I was a victim of the previous technology crash, and so we're extremely cautious about the (current) bubble. But there are key differences between the 2000 boom and now.