Manage episode 244427730 series 108224
When Shenzhen-based Transsion Holdings IPO'd last month no one predicted that it would surge a stunning 64% on its opening day of trading in Shanghai, pushing the company's valuation to around $7 billion.
But it really shouldn't have come as a surprise given that Transsion's suite of mobile phone brands is now dominant in Africa with more than 50% of the market.
But Transsion isn't some kind of outlier. Beijing-based StarTimes has tens of millions of PayTV customers across the continent, Huawei, of course, built 70% of Africa's 4G network and Transsion-Netease joint venture Boomplay is the top mobile streaming music service on the continent.
And, of course, then there's eCommerce behemoth Alibaba who's just now starting to ramp up its engagement in Africa by making it easier for traders to sell goods on their platform to buyers in China.
There's a lot going on in this space and it feels like the pace is picking up very fast. No one follows the tech trends in Africa more closely than Andile Masuku, co-founder/Executive Producer/host of the popular African Tech Roundup Podcast.
Andile joins Eric & Cobus to talk about the huge opportunities and the potential risks that come with China's surging presence in the African technology sector.
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