Gaorong Zhang Zhen on Consumer Trends

The transcript discusses investment focuses in China, highlighting new consumption trends and core technologies like AI. It addresses challenges in venture capital, citing unsuccessful models like Hightown and self-service goods shelves. The success of Pinduoduo is explored, along with its competition with Alibaba and JD.com. The coffee market's growth potential is analyzed, emphasizing the need for local brands. The transcript concludes with insights into the fintech sector and IPO prospects, predicting a positive outlook for compliant companies.

What are the two main areas of focus for investment according to the transcript?

• New consumption trends and core technologies

• Real estate and healthcare

• Tourism and agriculture

• Education and manufacturing

Why did the speaker decide not to invest in the self-service goods shelves model?

• It was not popular among consumers

• It was already dominated by a single company

• It lacked a viable business model

• It was too expensive to maintain

What is the main reason for investing in Coffee Box despite competition from Luckin Coffee?

• It has a strong online presence

• It is backed by a major international brand

• The market demand for local coffee brands is high

• It has a unique business model

What is the expected trend for fintech companies in the next 6 to 12 months?

• Strong performance in the capital market

• Increased regulation challenges

• A decline in profits

• A shift towards traditional banking

How many IPOs are expected from the speaker's portfolio companies this year?

• One to two

• Three to five

• Six to eight

• Nine to ten