Newsletter | September 2023

4 September 2023





Gobi Partners Hits US$256 Million Milestone for Greater Bay Area Fund
The Alibaba Entrepreneurs Fund Greater Bay Area (AEF GBA Fund) commits investments to the GBA, encompassing Hong Kong, Macau, and nine cities within China's Guangdong Province. With a scale double that of its predecessor, the fund surpasses the $127.9 million Alibaba Hong Kong Entrepreneurs Fund (AEF), a 2016-launched VC fund targeting Hong Kong.
Gobi Partners Expands HealthTech Portfolio to US$11.8 Million in 'Greater Bay ASEAN'
Gobi has fortified its HealthTech portfolio with investments across 12 pioneering startups operating in the HealthTech domain across both China's GBA and the burgeoning Southeast Asian region referred to as 'Greater Bay ASEAN.' Gobi Partners spearheads the Series A funding for ImmunoCure, a Hong Kong-based BioTech company, and participates in the Series A funding round for ORA, a Malaysian telehealth platform.

Sandbox VR Hit Experience Deadwood Valley Surpasses US$23 Million in Ticket Sales
This remarkable success stems from the ticket sales of the cinematic game "Deadwood Valley" over the past year, across 30 locations, and is projected to make US$100 million in lifetime sales.

Gobi Partners Onboards CompAsia, Southeast Asia's Largest Integrated Recommerce Platform
From 2019 to 2022, Malaysia-based CompAsia facilitated transactions for more than 2.1 million pre-owned mobile devices. Noteworthy achievements encompass a reduction of 420 tonnes of e-waste, preservation of 46 billion gallons of water, and avoidance of 181 thousand tonnes of carbon dioxide emissions.


Eleven Gobi-Backed Companies Listed in Forbes Asia's 100 to Watch 2023 List 
The Forbes Asia 100 to Watch showcases emerging small companies and startups focused on underserved markets or applying new technologies, from generative AI to blood-based cancer diagnostics.

Gobi Partners Portfolio Companies featured:
Aerodyne | Care Concierge | Dash Living | Good Food Tech | HonestDocs | Lapasar | Panoptic AI | PolicyStreet | Qupital | Telefield | Wristcheck
HSBC and WeLab Join Forces to Elevate Customer Experience and Drive Innovative Digital Products in Asia
WeLab aims to leverage its FinTech expertise alongside HSBC's worldwide influence and local insights to expand into a larger market, with a vision set on a Pan-Asian future. The initial market launch is slated for Malaysia, following a recent memorandum of understanding (MoU) signed in the country.


Thomas G. Tsao Envisions a Promising HealthTech Future
Tech Collective SEA spoke to Gobi Co-founder and Chairperson, Thomas G. Tsao, on the company’s plans for the region and what the future of HealthTech holds in Southeast Asia.
Capturing Your Next Million Digital Customers - Increasing Category Penetration
In their recent AI Moment newsletter, Eureka Ai Chief Data and Insights Officer Michael Hawkins sheds light on how a company can strategically boost its digital brand in Indonesia.


GoGoX's Steven Lam on the Mindset Shift That Changed His Life
Steven Lam has a unique way of looking at the world. Not only when he discusses the success of his billion-dollar logistics platform GoGoX – Hong Kong’s first tech unicorn after its 2017 merger with Chinese freight giant 58 Suyun – but also in life.


Asia PE-VC Summit 2023: Greater Bay Area Startups – "Can They Build Bridges to Asia and Other Parts of the World?" Panel Session
In a challenging global environment and an ongoing US-led decoupling from China, this panel session presents three top investors and one unicorn business leader from the GBA to share their insights into how to weather storms with carefully crafted investment and business strategies and stay on top of the going-global game.

The panel session will feature:
- Benny Chen, Managing Partner, BAce Capital
Chibo Tang, Managing Partner, Gobi Partners GBA
Cindy Chow, Executive Director, Alibaba Entrepreneurs Fund
Dr. Frank Pun, Head of Hong Kong Office, Insilico Medicine
Eudora Wang, Deputy Editor, Greater China, DealStreetAsia (Moderator)


TechSauce Global Summit 2023 
The panellists for "VC Radar: Emerging Trends and Investment Opportunities," which included Gobi-Core Philippine Fund Partner and Gobi Head of ESG and Circular Economy Carlo Chen-Delantar, Lauren Blasco, Head of ESG at AC Ventures Indonesia, Vorapol (Brook) Supanusonti from Asia Partners Fund Management, and Paul Ark (Polapat Arkkrapridi) from The Radical Fund,  shared their insights on the evolving Southeast Asian venture capital landscape.
PETRONAS FutureTech 3.0 Masterclass and Panel Session
The panel discussion featured Gobi Co-founder and Chairperson, Thomas G. Tsao500 Global Associate Director of Investments, Amanda Cham, Antler Associate Partner, Frank Kang, and Plug and Play APAC VP of Investments APAC and Head of Singapore, Wayne Soh.

The discussion, guided by Joyce Tay, Chief Strategy Officer at StartupX explored fundraising for Pre-Series A to Post-Series A startups, providing practical inspiration and knowledge.
2023 Commerce Frontiers Forum 
Gobi Co-founder and Chairperson, Thomas G. Tsao participated in an engaging panel at the "2023 Commerce Future-Proof" Forum at the Asia School of Business, titled, “Innovation and Digital Frontiers of Asia’s Commerce.”

Moderated by GUIDE Founding Managing Director, Neil Cheong,  the panellists included TechNode Group Founder, Dr. Gang LuBOXS Limited Co-founder, Roman Podkorytov, Kairous Capital Managing Partner, Adrian Hia, and Crusade Partners Founding Partner, Nicholas Hung.