2. #asiamatters ASIATECHRESEARCH
Graham D Brown
Report Author
Thanks for reading my #asiamatters Report
“The Asian Century”.To learn more about
what I do, and get regular updates and
insights from my Asian research, connect
with me on Linkedin.
Connect with me on Linkedin
3. ASIATECHRESEARCHASIATECHRESEARCH
“If you were smart in 1807
you moved to London,
if you were smart in 1907
you moved to NewYork City,
and if you are smart in 2007
you move to Asia.”
- Jim Rogers
#asiamatters
ATP ATP ATP ATP
4. ATP ATP ATP ATP
ASIATECHRESEARCH#asiamatters
Acknowledgements
Go follow the people featured in this 4 part report
to learn more about why #AsiaMatters
@grahamdbrown
@michaelwaitze
@casey_lau
@gloomboomdoom
@tonyverb
@garrett_geoff
@moodyrain
@sbabones
@ukinburma
@pingroma
@McKinseyChina
@anu_china
@airlinequality
@david_drvr
@sgblank
@kaifulee
@pomeranian99
@StartUp_AB
@faldesai
@tvmohandaspai
@jamesgiancotti
@mobikeflo
@joshsteimle
@visionthing
@yourchinaguy
@michaeltegos
@JLLResearch
@vlauria
@chakraberty
@jonrussell
@startupgenome
@mikaalabdulla
@benjaminjoffe
@ikkai_app
@waltersimmx
@taispy
@ginnyeckblad
@williambaobean
@AGraylin
@gimmeausername
@JeromeNSC
@gregdomo
@tianglim
@betabay
@noktonlux
@kyleellicott
@stevenliewsg
@robzepeda
@openportmax
@marty_roberts
@jacqui_hocking
@dreampipe
@Guy_He
@leannebeesley
@ashleydudarenok
@toft_martin
@Chris_Mischler
@YodWongnai
@djoannfal
@timmyruss
@matthewmayer
@jun_omise
@jaysonhoasia
@nomadcapitalist
@tak_lo
@junyamadera
@neohrina
@asiatechpod
@harpremd
@charlesdhaussy
@tspouplin
@sartorialsingh
@alexduncan
@bobgallagheruk
@kepios
@BrookingsInst
@BartBellers
@nutonomy
@rosieperper
@dunneautomotive
@OutOnALumb
@yueyueyuewang
@the_finlab
@vuulr_official
@mukeshbubna
@collectionist
@iam_preethi
@michellekatics
@jonathanwoetzel
@bicaho
@sankalpshangari
@jakoblykkegaard
@simondixontwitt
@matveevp
@surasitsachdev
@carson_mckelvey
@praveenvelu
@HelloFrankLavin
@PaulWBradley
@bambu_life
@azmulhaque
@shaunrein
@marcojelli
@danablouin
@bernardleong
@salsabeela
@belinkarena
@michelini
@steven_okun
@stevefeiner1
@Chilco
5. ATP ATP ATP ATP
ASIATECHRESEARCH#asiamatters
TIP: Save time by clicking the twitter icon
on a slide to tweet a ready-made insight,
data point or quote
try it now…
click here
6. ASIATECHRESEARCH#asiamatters
The world is going to wake up
one day and ask,
“when did that happen?”
“…how come nobody told me
about this?”
#asiamatters
ATP ATP ATP ATP
33. ASIATECHRESEARCH#asiamatters
“This is the Asian Century.
The region is changing faster than
arguably anywhere at any time in
history, and innovation is at the
heart of this transformation.”
- Casey Lau
ATP ATP ATP ATP
34. ATP ATP ATP ATP
ASIATECHRESEARCH#asiamatters
TIP: You can go deeper and listen to podcast
interviews with the experts featured in this
report when you see this button
try it now…
click here
Listen to Casey Lau’s
interview on ATP
35. ATP ATP ATP ATP
ASIATECHRESEARCH#asiamatters
Shift happens…
36. ATP ATP ATP ATP
ASIATECHRESEARCH#asiamatters
Take a fresh look at
the world map…
38. ASIATECHRESEARCH#asiamatters
4 of the World’s 5 Biggest
Economies in 2050 will be inside
that red circle
JP
11
ID
15
IN
64
US
71
CN
106
Economy GDP $US Trillions 2050
SOURCE:ASIA TECH PODCAST BASED ON ECONOMIST
INTELLIGENCE UNIT DATA 2017
ATP ATP ATP ATP
47. ATP ATP ATP ATP
ASIATECHRESEARCH#asiamatters
“I don’t see why in the future
China wouldn’t have
15-20 Silicon Valleys”
- Jonathan Woetzel,
Director McKinsey Global
48. ATP ATP ATP ATP
ASIATECHRESEARCH#asiamatters
“15-20 Silicon
Valleys…”
…and that’s just China
50. ATP ATP ATP ATP
ASIATECHRESEARCH#asiamatters
The Evolution of Asian
Megacities is a Virtuous Cycle
D
em
ographic
A
dvantage
C
om
petitive
A
dvantage
W
ealth
C
reation
Influx
ofTalent
Phase 1: large numbers
of young rural migrants
move to cities
Phase 1: local business
gains significant scale
economies from cheap
labor
Phase 1: evolving
middle class invest
money in assets
Phase 1: wealth
attracts Phase 2 of
skilled migrants from
other cities
51. ATP ATP ATP ATP
ASIATECHRESEARCH#asiamatters
NewYork Harbin Jinan Nanjing Shantou Changzhou Xian Hangzhou Tianjin ChongqingChengdu Wuhan Shenzhen Beijing GuangzhouShanghai
34 mn
25 mn25 mn
23 mn
18.5 mn
17.5 mn
16.5 mn
15.5 mn
13.5 mn13 mn13 mn12.5 mn12 mn
11 mn10.5 mn
8.5 mn
In China, there are 15 cities
bigger than New York
SOURCE: ASIA TECH PODCAST BASED ON OECD DATA 2017
population(millions)
… most of them you’ve
never heard of
NEW YORK
52. ASIATECHRESEARCH#asiamatters
Guangzhou? What?
SOURCE: ASIA TECH PODCAST BASED ON GOOGLE DATA 2018
Google Trends search data by region
Red: most people searched “NewYork”
Blue: most people searched “Guangzhou”
NEW YORK GUANGZHOU
8.5m 25m
53. ATP ATP ATP ATP
ASIATECHRESEARCH#asiamatters
“The political or cultural dominance or authority over
others. e.g.The hegemony of the popular kids over
the other students means that they determine what is
and is not cool. Hegemony comes from the Greek
hegemon ‘leader.’"
Hegemony
how do you pronounce this? (click here)
54. ASIATECHRESEARCH#asiamatters
“What the heck
Let’s go to Asia”
“There are real
opportunities here in
Asia”
“You’re missing
out if you’re not
in Asia”
Pioneers Opportunists Followers
ASIA:
The frontier
ASIA:
The next big thing
ASIA:
The de facto
1980 -1999 2000 - 2019 2020 -
Cultural Acceptance of Asia
by “The West”
ATP ATP ATP ATP
55. ATP ATP ATP ATP
ASIATECHRESEARCH#asiamatters
…so, back to Guangzhou
Allow me to bring you
up to speed…
62. ASIATECHRESEARCH#asiamatters
In this 4 part report we’ll learn how new
Indonesian startups like GoJek are transforming
Jakarta’s traffic challenges…
ATP ATP ATP ATP
64. ASIATECHRESEARCH#asiamatters
ATP ATP ATP ATP
In this 4 part report we’ll learn how new startup
accelerators are transforming Shanghai into a
world-leading hub for entrepreneurship
66. ASIATECHRESEARCH#asiamatters
ATP ATP ATP ATP
In this 4 part report we’ll learn how Singapore is
evolving into a world-leading centre of excellence
for deep tech
68. ASIATECHRESEARCH#asiamatters
ATP ATP ATP ATP
In this 4 part report we’ll learn how Ho Chi Minh
City is home to a high growth economy of
optimistic, world-facing entrepreneurs
72. ASIATECHRESEARCH#asiamatters
ATP ATP ATP ATP
In this 4 part report we’ll learn how Kuala
Lumpur is reinventing itself as a hub for
entrepreneurs by slashing red tape
74. ASIATECHRESEARCH#asiamatters
ATP ATP ATP ATP
In this 4 part report we’ll learn about Beijing’s
rise to become of one of the leading startup
ecosystems in the world.
76. ASIATECHRESEARCH#asiamatters
ATP ATP ATP ATP
In this 4 part report we’ll learn how Taipei aims
to reignite its economy by building a leading
startup hub in Asia.
78. ASIATECHRESEARCH#asiamatters
ATP ATP ATP ATP
In this 4 part report we’ll learn how Bangkok has
become the home to a growing industry servicing
Asia’s rapidly expanding middle classes.
80. ASIATECHRESEARCH#asiamatters
ATP ATP ATP ATP
In this 4 part report we’ll learn about Shenzhen’s
meteoric rise to become one of the world’s
leading business centres.
82. ASIATECHRESEARCH#asiamatters
ATP ATP ATP ATP
In this 4 part report we’ll learn how Hong Kong
continues to lead the world in terms of economic
and entrepreneurial freedom.
84. ASIATECHRESEARCH#asiamatters
ATP ATP ATP ATP
In this 4 part report we’ll learn how Chinese
megacities like Chengdu are investing heavily
unbecoming their own “Silicon Valley” of Asia
86. ASIATECHRESEARCH#asiamatters
ATP ATP ATP ATP
In this 4 part report we’ll learn how China is
establishing itself as a world leader in education,
building centres of excellence in cities like Wuhan
91. ASIATECHRESEARCH#asiamatters
…to name just one of the
50 Megacities in Asia
>5 million population
capable of becoming
world-leading startup
ecosystems in their own
right
93. Megacity GDP Growth
SOURCE:ASIA TECH PODCAST BASED ON
OXFORD ECONOMICS DATA 2016
ASIATECHRESEARCH#asiamatters
Megacities Drive Asian
Economic Growth
Delhi
Chennai
Mumbai
Hyderabad
Kolkata
Bangalore
HCMC
Tianjin
Beijing
Guangzhou
Shanghai
Shenzhen
Manila
Jakarta
Kuala Lumpur
Singapore
Bangkok
Hong Kong
Tokyo 1 %
2.4 %
3 %
3 %
5 %
5.7 %
6.4 %
6 %
6.2 %
6.2 %
6.3 %
6.4 %
7.9 %
6.5 %
6.6 %
7.1 %
7.3 %
7.5 %
8.1 %
GDP Growth for top Asia Pacific Cities to 2021 (CAGR%)
{
{
{The 6 fastest
growing
Megacity
economies
are all in India
ATP ATP ATP ATP
99. ASIATECHRESEARCH#asiamatters
$1.3 trillion Greater Bay area, twice
as valuable as San Francisco
…that would still be only half the
population of the proposed Greater
Bay megacity in China
ATP ATP ATP ATP
100. ASIATECHRESEARCH
“The Greater Bay is 66 million
people and US$1.3 trillion GDP. It’s
not happening anywhere else in the
world, and it won’t happen anywhere
else. It’s a once-in-a-lifetime process.”
~ Tony Verb
#asiamatters
ATP ATP ATP ATP
104. ASIATECHRESEARCH#asiamatters
“With the successful implementation of
the Belt and Road Initiative and the
further integration of Bay area, Hong
Kong has the potential to become a top
global city on par with New York and
London”
- Colliers Report: Greater Bay Area in
New Development Context 2017ATP ATP ATP ATP
107. “The notion of a Greater Bay Area is no coincidence; it signifies
the Chinese government’s ambitions to create an innovation
economy that is “greater” than that around San Francisco Bay.”
- Geoffrey Garrett,Wharton Dean
ASIATECHRESEARCH#asiamatters
ATP ATP ATP ATP
108. ASIATECHRESEARCH#asiamatters
If The Chinese Greater Bay
GDP Caught up with SF Bay…
SOURCE: ASIA TECH PODCAST BASED ON OECD DATA 2017
GDP(TrillionDollars)
0
2
4
6
8
Greater Bay Japan Germany UK France
…it would be bigger than
4 of the world’s 6 largest
economies today
ATP ATP ATP ATP
113. ASIATECHRESEARCH#asiamatters
South Asia
Asia Pacific
Southeast Asia
East Asia
Caribbean
North Africa
Central America
Africa
Aus NZ
Middle East
East Europe
Europe
North America
West Hemisphere
West Europe
South America 1.6 %
1.8 %
2.2 %
2.2 %
2 %
2.4 %
2.8 %
2.9 %
3.7 %
3.9 %
4.1 %
4.4 %
5.1 %
5.1 %
5.4 %
7.1 %
SOURCE: INTERNATIONAL MONETARY FUND 2018
Asia Leads World GDP
Growth in 2018
all Asia
the “West”
ATP ATP ATP ATP
114. ASIATECHRESEARCH#asiamatters
China will Become the World’s
Biggest Economy in 2020
0
12500
25000
37500
50000
2000 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050
China
USA
SOURCE: ASIA TECH PODCAST BASED ON OECD DATA 2018
The “Tipping Point”?
$13 Trillion
difference
ATP ATP ATP ATP
122. ASIATECHRESEARCH#asiamatters
Myanmar Laos Cambodia Philippines Vietnam Indonesia Malaysia Thailand Singapore USA Japan
0.7%
2.3%
2.6%
3.5%
4.8%
5.3%
6.3%
6.7%6.6%
6.9%
7.6%
SOURCE: INTERNATIONAL MONETARY FUND 2018
Asian Emerging Markets
Driving Economic Growth
Asian emerging
market group
Growth in GDP (CAGR %) 2017
ATP ATP ATP ATP
123. ASIATECHRESEARCH#asiamatters
Spotlight: Myanmar
Fastest growing economy in the
world (7.6% CAGR). Growth
rates last seen in the US in the
“Boom” 1984 (7.3%)
Population of 52.9 million, larger
than Spain, described in economic
terms as the “Next Thailand”
ATP ATP ATP ATP
124. ASIATECHRESEARCH#asiamatters
“Myanmar is a country where 52
million consumers are coming
online overnight…
…and no one knows anything
about them”
- Rita Nguyen, Jzoo Myanmar
ATP ATP ATP ATP
126. ASIATECHRESEARCH#asiamatters
SOURCE: INTERNATIONAL MONETARY FUND 2018
Asian Markets Catching Up
Fast on “The West”
Vietnam India China PhilippinesThailand Indonesia UK USA
1.6 x1.7 x
2.6 x2.6 x
2.9 x2.9 x
4 x
4.5 x
Asian emerging
markets inc
China
Total growth of economy (GDP $US) from 2017-2050
ATP ATP ATP ATP
128. ASIATECHRESEARCH#asiamatters
“As China's growth is inevitably
slowing as it reaches the top of the
world's middle-income bracket,
Vietnam's growth seems to be
accelerating as it breaks into the
lower ranks of middle-income
countries.”
- Forbes 9 Nov 2017
ATP ATP ATP ATP
129. ASIATECHRESEARCH#asiamatters
Spotlight: Indonesia
250 million people, 4th most populous
country in the world.Will be world’s 4th
biggest economy in 2050.
Home to one of the world’s youngest
populations, with highest Twitter user base by
city (Jakarta)
ATP ATP ATP ATP
130. ASIATECHRESEARCH#asiamatters
Indonesia Will Eclipse
the UK in the next 20 years
0
1000
2000
3000
4000
5000
6000
7000
2000 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050
Indonesia
UK
SOURCE:ASIA TECH PODCAST BASED ON OECD DATA 2018
Now
In 20 yrs
Indonesia vs The UK: GDP $US Trillion 2000-2050
ATP ATP ATP ATP
133. ASIATECHRESEARCH#asiamatters
“Hailed by Xi as a ‘project of the
century,’ the plan fits into his
bigger narrative that China is
setting an example of globalization,
filling the void left by the US under
Donald Trump’s ‘America First’
policy.”
- Zheping Huang,
Quartz 15 May 2017
ATP ATP ATP ATP
135. ASIATECHRESEARCH#asiamatters
“One Belt One Road is a very
ambitious covering about 65
percent of the world’s population,
about one-third of the world’s
GDP, and about a quarter of all the
goods and services the world
moves.”
- Kevin Sneader, Chairman
McKinsey Asia
ATP ATP ATP ATP
137. ASIATECHRESEARCH#asiamatters
“One Belt One Road is a serious
long-term geo-economic strategy
that will potentially shift the global
economic centre of gravity”
- Jane Golley,
Australian National University
ATP ATP ATP ATP
148. ASIATECHRESEARCH
World’s Top 5 Airports
#1 Singapore Changi SIN
#2 Tokyo Haneda HND
#3 Seoul Incheon ICN
#4 Munich MUC
#5 Hong Kong HKG
Source: Skytrax 2017
#asiamatters
ATP ATP ATP ATP
150. South Korea
Hong Kong
Singapore
Japan
USA 18.7 Mbps
20.2 Mbps
20.3 Mbps
21.9 Mbps
28.6 Mbps
SOURCE: AKAMAI 2017
ASIATECHRESEARCH
Comparable Internet Speeds
Download Speeds: MBps per second
#asiamatters
ATP ATP ATP ATP
152. ASIATECHRESEARCH#asiamatters
“Thailand has first world
infrastructure – the internet speeds
are much higher than Australia for
instance – public transport and
accommodation is of a good
standard.”
- David Henderson, Drvr
ATP ATP ATP ATP
157. ASIATECHRESEARCH#asiamatters
Contrary to popular belief,
the Great Wall of China is not visible from space.
…the only traces of mankind visible from space
are airports, harbours and train lines.
160. ASIATECHRESEARCH#asiamatters
…or one that spends billions
connecting us?
ATP ATP ATP ATP
Picture:
Hong Kong to Macau bridge,
the world’s longest bridge
(due to open 2018)
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162. #asiamatters ASIATECHRESEARCH
Graham D Brown
Report Author
Thanks for reading my #asiamatters Report
“The Asian Century”.To learn more about
what I do, and get regular updates and
insights from my Asian research, connect
with me on Linkedin.
Connect with me on Linkedin