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Going Global: Internationalizing Asian Growth Companies | The India, Hong Kong, China Experience
04.12.2019, 12:15 pm - 2:00 pm
Asia’s entrepreneurial spirit is rapidly soaring through innovation, technology and rising capital flows. With 38% of the world’s population based in China and India, Chinese tech companies have grown exponentially and many have become global leaders. Leading Indian start-ups have also ventured beyond their borders into China and other international markets. As an international finance center with proximity to China’s Greater Bay Area, Hong Kong is set to develop as an important bridge as these Asian growth companies internationalize. The convergence between these three ecosystems has the potential to unlock massive growth in regional cooperation and further integrate their economies.
The Keynote Luncheon Dialogue will showcase some of the world’s leading business leaders from the innovative and entrepreneurial ecosystems from India, Hong Kong and China. They will discuss how they built, expanded & innovated their businesses and are competing in the rapidly changing ecommerce ecosystem. Alibaba Group, the Chinese multinational conglomerate and the world’s largest retailer and e-commerce company’s financial affiliate, Ant Financial has a valuation of $150 billion. It is the world’s highest valued TechFin company, dominant in mobile payments service, Alipay and in businesses which include credit scoring, wealth management, insurance and lending. Ant Financial has an important partnership with Paytm, India’s e-commerce payment and financial technology company valued at $10 billion and with Zomato, the Indian restaurant aggregator valued at $3.6 billion. Xiaomi, China’s electronics company ranked as the world’s fourth biggest smartphone manufacturer in 2018, leads in both the largest market China and the second-largest market, India. It has become India’s number one smartphone brand and dominates the market. OYO founded in India in 2013, is the world’s third-largest chain of hotels, homes, managed living and workspaces. Its portfolio combines fully operated real estate with more than 23,000 hotels and 125,000 vacation homes. Since entering China in 2017, OYO has rapidly expanded to 338 cities, with over 13,000 hotels and 600,000 rooms. In India it has 300,000 rooms.
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