'Social Commerce' Is Most Interesting Segment in China, ZhenFund CEO Says

The transcript discusses the current state of the tech market, focusing on social commerce and community buying as emerging opportunities. It highlights the impact of trade tensions on investment strategies and the support for local brands. The AI space is seen as having limited new opportunities due to existing large players. Valuation trends show a slowdown, but top companies still command high prices. Fundraising remains strong in the US dollar market, while the RMB market faces challenges. Consumer trends indicate a segmented approach to product targeting, with growth slowing but still present.

What are the main challenges faced by startups in the current economic climate?

How is social commerce evolving in the current market?

What impact do trade tensions have on local brands?

What are the reasons for the bearish outlook on the AI space?

What factors are influencing the fundraising environment for startups?

How are consumer upgrade stories changing in different city tiers?

What is the expected trend for IPOs in the upcoming year?