The uncertainties brought about by the COVID-19 pandemic have prompted investors to “hedge their risks” by investing in businesses with a global footprint, according to panelists who spoke at the Asia PE-VC Summit 2020 organised by DealStreetAsia in November.
Many investors are trying to reach out to founders who have “a global mindset” and who have managed to expand their businesses across different markets, said Wallace Guo, managing partner of Taihecap at the panel discussion titled ‘Global investors’ take on SE Asia’ hosted by managing director of Fosun Rebekah Woo.
“The human needs that have given rise to an online used car portal or an online telemedicine portal [in China] are the same needs that a family in Indonesia or Malaysia might have,” said Donald Lacey of Ping An Global Voyager Fund.
They were joined by Soo Boon Koh, the founding managing partner of iGlobe Partners that invests in smart city, fintech, and synthetic biology.
Watch the video of their discussion here: