We are seeing Asian startups expanding globally. This year, most notably Chinese bike rental companies Mobike and Ofo have expanded to Asian, North Americna and European markets. Chinese smartphone manufacturers Huawei and Xiaomi have been also successful in expanding to Southeast Asia and India. So what are the keys for Asian startups to go global?

At Startup Festival 2017 held in Seoul on November 30th, four panelists discussed the difficulties for global expansion and advice for Asian startups to expand their service globally. The panelists were Bryan Chang, Principal at Collaborative Fund, Judy Sindecuse, CEO & Managing Partner at Capital Innovators, Lu Gang, CEO at TechNode, and Michael Chow, General Partner at Radiant Venture Capital. The panel was moderated by Matt Shampine, General Manager at WeWork.

As a part of efforts to bring in global startups, VCs, and media to South Korea, the first Startup Festival 2017 was hosted by Ministry of SMEs and Startups, and organized by 500VOLT TWO and Brandcook in COEX, Seoul for three days.

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Eva Yoo

Eva Yoo is Shanghai-based tech writer. Reach her at evayoo@technode.com