Tech investors share an optimistic outlook on investing in China again, but investors realized that they cannot put all of their eggs in one basket.
"But we believe now is the time to get back in there. The Internet sector actually has very high correlation with the general momentum of consumption pickup in China and we know that that is about to happen post-covid recovery," said Wang.Quest Ventures' Tan said what happened in China highlights the importance of diversification.
For example, iPhone maker Apple is diversifying its supply chain out of China, following Covid lockdowns and worker protests at its Zhengzhou plant which delayed production. "With the doors now open, smart investors realize that they cannot put all of their eggs in one basket," said Tan. "I think we will see a lot more investments in key new areas strategic to China such as quantum computing, artificial intelligence and semiconductors, because the investments that need to go into the semiconductor industry is necessarily huge," said Tan.
The Netherlands and Japan – two of the world's largest advanced semiconductor equipment makers – are expected to join the U.S. in restricting exports of some chipmaking machinery to China,"There's still a lot to catch up [in semiconductor tech] for China. China doesn't have a lot of semiconductor [manufacturing] equipment and it's also very high tech content.
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