“While China is an emerging market in a traditional sense, when it comes to the smartphone and e-commerce, China’s the most developed country in the world.” – 04:08
Kevin Carter, Founder & CIO of EMQQ Global, joins Remy Blaire to discuss the dynamic landscape of emerging markets, particularly focusing on the impressive performance of international internet and e-commerce companies. The discussion begins by highlighting the recent surge in Alibaba’s shares, which have soared over 120% this year, reflecting the growing potential of global markets. As U.S. tech stocks continue to drive market records, we explore how firms are increasingly looking beyond American borders for investment opportunities.
Kevin shares his perspective on the current state of emerging markets, emphasizing the influx of 6.5 billion new consumers gaining access to technology and the internet for the first time. He draws parallels between the growth trajectories of tech giants in China, India, and Brazil, suggesting that these regions will be the epicenters of tech growth over the next two decades.
The pair discuss the ongoing narrative of U.S. exceptionalism versus the outperformance of international markets. Kevin points out the structural issues within traditional emerging market indexes, particularly the inclusion of state-owned enterprises and inefficient government-owned banks, which often hinder true growth potential. He highlights the fastest-growing companies, such as MercadoLibre and C-Limited, which are frequently overlooked in these indexes due to their listings on U.S. exchanges.