时间：02-12 21:12 阅读：4222次 转载来源：弘毅投资
John Zhao: Well, by numbers, that seems to be the case. But it really suggests something that is much deeper than the number that started to show. First of all, it shows the interdependency that the world has built with each other, certainly, the world’s No.1 – the U.S., and the No.2 economy by size. But it also suggests that, while there are some short-term pains to be resolved, we really need to have a long-term view. The Huawei event or other events are reminders – how much dependency and how much we all benefited while there are some problems, we probably need a long-term view based still on, you know, negotiations, collaborations and improvements.
Q: In the current environment, are you feeling more pressure to invest in China?
John Zhao: Well, we’ve always invested in China, especially SOE restructuring, reform, making them more market-driven. And we’ve always focused on cross-border (investment), knowing the globalization trend. We are still seeing deals like that, but they are all very different. Obviously, the world is changing, and we are seeking for new orders to be built, new rules to be completed. China is getting into deeper-level reform, so while the themes are similar, growth and restructuring, as a PE fund, but the methodology and priorities are shifting very quickly.
Q: Can you give us a better idea about what looks attractive to you as an investment as part of this shift?
John Zhao: We are focusing on two areas, one, for still fast-growing Chinese economy- digitization. Digitization is changing every aspect of consumers’ life, hence, calling for radical changes of all business models. China actually is very unique, because over the years, China has built, I think, one of the best digital infrastructure in the world - number of internet users, number of smart phones per user holds, time they spent. So, everything that is digital economy is good.
Q: You’ve also invested in China WeWork, WeWork has been touted as a potential company that might IPO this year. I mean, it hasn’t been an easy time for listings last year, many are concerned about just what’s going on in the global market environment. You were a bit on the late side getting in on WeWork, would you like to see them IPO?
Zhao: Well, you know IPO is only a way of demonstrating and supporting the ongoing growth of a company, so IPO or not is the company’s decision. Adam Neumann’s team is doing a wonderful job. We actually invested in WeWork Global first, one thing we did is that Adam and I discussed about is that China is a big part of the business and business model, but China, given its societal trend, would require massive localisation of the spirit and business model of WeWork, hence, we created WeWork China. So, the creation there is we have invested in Global which is the part that is developing, we also established the separate entity called WeWork China. We are actually attracting local investors with that part.
Q: Have you been satisfied with the progress of China WeWork ?
Zhao: Absolutely. You know, WeWork is growing leap and bounces while continuing to tune its business model. China WeWork is growing faster than that.