Daily Insight Jun 13, 2016

Jack Ma & Joseph Tsai Bring Hope to India’s Startup Dream

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Jack Ma and Joseph Tsai are the latest Chinese investors seeking opportunities in India in hopes of replicating their successes in another populous market. The sources which refused to identify themselves reported that the family offices of Ma and Tsai are in contact with Indian startups via feelers sent through informal networks. These rumors also pushed Jack Ma in the top five of people gaining the most attention on Sentifi screen.

Asia - Jack Ma top (1)

The meetings between emerging pool of Chinese private wealth management advisory firms and representatives of India’s startups are likely to be held in Hong Kong and Singapore. Amid the growing concerns in the lack of funding from the cautious investors in India, Jack Ma’s and Joseph Tsai’s new interests are fresh waves of support to the potential market.

Asia - Jack Ma screen

According to Aashish Bhinde, executive director at Avendus Capital, Chinese investors have the ability to make late-stage venture capital investments of which their huge value of investment can meet the high demand. Sandeep Aggarwal, chief executive of Droom, the online marketplace for used automobiles and auto services, said that the family offices of Ma and Tsai are not likely to lead the funding round, but they remain more financial in nature instead. The investors will not seek active role in running the companies like the strategic investors.

In his latest speech hosted by the Economic Club of New York, Jack Ma revealed that his life’s passion is for the global business to “work together against the disease, the poverty, the climate change,” which can gain support from Alibaba’s mission of globalizing the e-commerce market.

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