5th Annual China Internet Report 2021 by Edith Yeung at Web Summit 2021. Download full report here > https://multimedia.scmp.com/infographics/china-internet-2021/

1. LET’S BEGIN!
Edith Yeung
Race Capital
China Internet
Report 2021

2. Edith Yeung
GENERAL PARTNER, Race Capital
@edithyeung
2
Edith is a General Partner at Race Capital - an early-
stage Silicon Valley venture capital fund. A few
sectors we are particularly interested in
infrastructure, fintech, and deep tech verticals. She
has invested 3x Decacorns (FTX, Solana, Stellar), 1
Unicorn (Agora.io) and 60 other amazing startups.
Prior to Race Capital, Edith was a partner at 500
Startups, the world's most active early-stage fund
and incubator invested in Twilio, Credit Karma, Grab,
and 2000 more companies. Before 500, Edith was
the general manager at Dolphin Browser, a Sequoia-
backed mobile browser with over 150 million installs
worldwide. Edith also worked with many Fortune 500
companies such as Siebel, AMS, AT&T Wireless, and
Autodesk.
She frequently speaks on China and Silicon Valley
technology and investment landscape. She is also a
frequent guest lecturer at Berkeley and Stanford and
commentator on BBC, CNBC, Wall Street
Journal, Bloomberg, SCMP, Techcrunch, etc.

3. China Internet Report 2021 - Top 10 Themes
1. China is Second Biggest Market in the World
2. Venture Investing in China is Going Strong.
3. Chinese Government is Increasingly Heavy Hand on all
Things Internet.
4. Edtech Almost Disappeared Over Night.
5. China’s Love / Hate Relationship with Crypto.
6. Healthcare and Semiconductors will Stay Strong.
7. “Made in China” Brands are Taking Over
8. China Fintech Sector is Opening up.
9. Geopolitics is Impacting Global growth for Chinese Startups.
10.Hong Kong is the Hot Spot for Chinese IPOs

4. 4
China is Second Biggest Market in the World

5. 5
China is 2nd biggest market in the world with over 1.4 billion
people and $15 trillion GDP
Source: CIR 2021

6. 6
China is 2nd biggest market in the world with over 1.4 billion
people and $15 trillion GDP
Source: CIR 2021

7. 7
China is 2nd biggest market in the world with over 1.4 billion
people and $15 trillion GDP
Source: CIR 2021

8. 8
Venture Investing in China is Going Really
Strong

9. 9
Source: CIR 2021
1843 Startups Raised Over $41 Billion in 2020

10. 10
Sequoia China Made 96 Investments in Q3 2021

11. 11
Tencent Made 168 Investments in 2020
Source: CIR 2021

12. 12
Chinese Government is Increasingly Heavy
Hand on all Things Internet.

13. 13
Source: Quartz

14. 14
Source: New York Times

15. 15
Source: Google

16. 16
Everyone in China need to play by the rules. Doesn’t matter
whether you are Alibaba, Meituan or Didi
Source: CIR 2021

17. 17
Edtech Almost Disappeared Over Night.

18. 18
Source: SCMP

19. 19
Source: Google

20. 20
Source: Google

21. 21
China’s Love / Hate Relationship with Crypto

22. 22
Source: CIR
China is No Longer the Leader in Crypto Trading and Bitcoin
Mining

23. 23
Source: FT

24. 24

25. 25
Source: CIR
China’s Digital Currency Electronic Payment (DCEP) Trials
Under Way with Over 24M Wallets Opened

26. 26
Healthcare and Semiconductor Industry Will
Stay Strong

27. 27
Over 1600 Internet Hospitals Have Been Setup
Source: CIR

28. 28
AliHealth, JD Health and Ping An Good Doctors All Went IPO in
Hong Kong
Source: CIR

29. 29
Li Auto, Xpeng and Nio are Catching up While Tesla’s
Shipments Tumbled in July 2021
Source: CIR

30. 30
Over $7 Billion Invested in Smart and Connected Car Section in
2021
Source: CIR

31. 31
China is expected to have 822M 5G connections by 2025, more
than those in the EU, the US, Japan, and Korea combined.
Source: CIR

32. 32
“Made in China” Brands are Taking Over

33. 33

34. 34

35. 35

36. 36
Rising Nationalism and Exacerbated by Geopolitical Tensions
Makes it Tricky for Foreign Brands to Compete.
Source: CIR

37. 37
China Fintech Sector is Opening up.

38. 38
PayPal, HSBC, Allianz, UBS are Operating in China
Source: CIR

39. 39
Geopolitics is Impacting Global Growth for
Chinese Startups.

40. 40

41. 41
India Bans 59 Chinese Apps including TikTok, Baidu, Shein, etc

42. 42
Hong Kong is the Hot Spot for Chinese IPOs

43. 43
$35.3 Billion Worth of IPOs in Hong Kong in 2021, of which
Chinese companies accounted for 96.3%
Source: Nikkei Asia

44. China Internet Report 2021 - Top 10 Themes
1. China is Second Biggest Market in the World
2. Venture Investing in China is Going Strong.
3. Chinese Government is Increasingly Heavy Hand on all
Things Internet.
4. Edtech Almost Disappeared Over Night.
5. China’s Love / Hate Relationship with Crypto.
6. Healthcare and Semiconductors will Stay Strong.
7. “Made in China” Brands are Taking Over
8. China Fintech Sector is Opening up.
9. Geopolitics is Impacting Global growth for Chinese Startups.
10.Hong Kong is the Hot Spot for Chinese IPOs

45. 45
• Follow me on Twitter @edithyeung
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• Download 2021 China Internet Report https://
multimedia.scmp.com/infographics/china-
internet-2021/
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