Jianggan Li

speaker

871 appearances 4 recordings 1 series first heard Sep 2025 last heard 6 Sep

Jianggan Li’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 3 in all, peaking in Sep 2026 with 1.

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BRAVE Southeast Asia Tech: Singapore, Indonesia, Vietnam, Philippines, Thailand & Malaysia Startups, Founders & Venture Capital VC (English) · Jianggan Li: China Price War Chaos, EV Subsidy Battles & Why Firms Flee Abroad – E622 · 2 Sep 2025 podcast

Smart hardware companies doing the same thing.

So if you have some innovation for a fairly large market and the first day you make the innovation and people are like, wow, this is an amazing product.

Then you're going to have like what, 20, 20% net margin.

And within six months, that 20% becomes 5%, within a year that becomes 1%.

So that's basically what's happening across all industries in China.

And that is driving a lot of players to say that, okay, there's too much competition internally and let's get outside.

So that's why you see from brands to internet platforms to retail companies over the last year and a half or two years, so many people are trying to come out.

And I think you will be seeing more of this in the next two years, unless there's a drastic resurgence of consumption in China.

Obviously, there are a few industries which are strategic, which basically grew big because of subsidy.

So I think solar power is one.

But I think that, I mean, just talking about subsidy is not a whole narrative, right?

So what has happened is that the state gave subsidies for this industry to grow.

But at some point in time, it gives the boost to escape the gravity so that, okay, the industry can take off, the whole ecosystem can form.

But afterwards, it's basically ruthless competition.

If you look at the EV industry, right?

So historically, the government gave lots of subsidies, gave lots of sort of incentives for people to adopt EV.

Okay, now it has formed an ecosystem, but what result is also like a dozens and hundreds of brands competing against each other, right?

I think it was the last quarter.

Yeah, BYD, the leading player, slashed the price by 25%.

That caused the government to be in jitters.

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