China’s technology firms are stepping up their efforts to expand into Southeast Asian markets with home-grown capital, even as funding from private equity and venture capital giants has plunged this year amid uncertainties caused by the US-China trade war. They are bringing their industry know-how and experience to seize untapped businesses in the region while opportunities at home diminish, according to Michael Zhu, a Shanghai-based managing partner at Gobi Partners, which manages about US$1.1 billion of assets.
