China is still an important market even if investors diversify from it now, says Peak XV
Publishing timestamp: 2024-05-16 03:36:31
Summary
Businesses are diversifying operations away from China to countries like India and Southeast Asia due to escalating U.S.-China tensions. However, China will still be an important market in the long term, according to Peak XV Partners. China has been a technology and innovation powerhouse, but companies like Apple and BMW are diversifying their supply chains. India and Southeast Asia are benefiting from this diversification, but China will remain a key market. India won't replace China in global trade, as their models are different.
Sentiment: NEUTRAL
Tickers: GOTO-ID, GTOFF, 700-HK, AAPL, BABA,
Keywords: apple inc, breaking news: technology, goto gojek tokopedia pt, asia economy, technology, tencent holdings ltd, alibaba group holding ltd, business news, goto gojek tokopedia pt tbk, venture capital,