Featuring on the Forbes Midas List every year since 2013, Hans Tung’s portfolio spans three continents and includes breakouts like Airbnb, Coinbase, and Musical.ly (that became TikTok).
Hans Tung is recognised as one of the world’s top 100 venture capitalists. He focuses on early-stage investments in ecommerce, social tech, sharing economy, and so on. The Stanford grad and ex-investment banker has backed 16 unicorns: Affirm, Airbnb, Bytedance, Coinbase, Lime, Meili, OfferUp, Peloton, Poshmark, Slack, SmartMi, StockX, Udaan, Wish, Xiaohongshu and Xiaomi. His India investments include successes like Udaan, Vedantu, Khatabook, Rupeek, and Snapdeal. In his prior role at Bessemer Venture Partners, Hans also helped global players like Skype expand to China. He co-hosts a popular entrepreneurship podcast that covers trends and opportunities in the world’s leading startup economies.
Hans derives a lot of insights from his conversations with founders and investors on the Evolving for the Next Billion podcast. He’s written about early-stage investments in internet economy giants like Airbnb, ByteDance, Grab, and others, and the successful IPOs of some of them. Hans regularly draws synergies between the Chinese startup ecosystem and internet companies in the APAC and Southeast Asian region. In 2020, he wrote about ecommerce giant Alibaba’s fightback during the SARS outbreak in China in 2001-02, and how it had to “figure out a new business model in just 30 days”. Hans highlighted the lessons it offers to present-day businesses that are struggling to stay afloat in the coronavirus pandemic. Closer home, he also delves into India’s ecommerce and payments ecosystems, and how technology can empower millions of small entrepreneurs in the country.
“Much has been written on the growth potential of the Southeast Asia region. A third of the population is under 30, and about 90 percent of internet users are primarily on mobile. The average mobile users in China and the US spend 6.5 hours online per day, and the average Indonesians and Filipinos are online for nine hours per day. As a firm, we have done 10 deals in the region, and more than half of that has come in the last 2.5 years.”