Global venture capital firm GGV Capital has offices in China, Singapore, and Silicon Valley has seen its 200-plus portfolio companies through the fallout of the pandemic.
Jenny Lee, a Singaporean managing partner at the firm, says short-term impact for startups is unavoidable but long-term outlook can be positive.
The Southeast Asian bloc of countries, of which Singapore is currently seen as the leader in investment activity, will see accelerations in 5G, communication technology and fintech, while online education and health could experience a boost.
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To Jenny Lee, a managing partner at private equity firm GGV Capital (GGV), there’s no ‘post-COVID-19’; only a new normal to reckon with.