Geopolitical divides present opportunities for localisation: panellists

Singapore

WITH geopolitical divides here to stay, the trend is likely to throw up opportunities for entrepreneurs to develop products and solutions that are more localised, said panellists at a virtual event on Wednesday.

The "regionalisation of economic activities" has led to the increasing localisation of capital markets, technology, services and brands", said Foo Jixun, managing partner of venture capital firm GGV Capital. This is in contrast to the older model where typically "US invests, China produces and consumption is back in the US", Mr Foo said.