Jianggan Li

Founder of Momentum Works, author of “Seeing the unseen: behind Chinese tech giants’ global venturing”, part time linguist & atlas worshipper

[Jianggan Li @jianggan]

Silicon valley believes in Power Law; Southeast Asia believes in Fried Chicken https://t.co/v3vaml1CiY

[Jianggan Li @jianggan]

More and more people I know are adopting a sardine only diet lately

[Jianggan Li @jianggan]

Sea's Q1 2026: The battle that isn't in the earnings release https://t.co/O7fODD7pb6

[Jianggan Li @jianggan]

Get the full Ecommerce in Southeast Asia 2026 by @momentumasia here: https://t.co/0R0wENh6CK

[Jianggan Li @jianggan]

We just released the latest ecommerce numbers for Southeast Asia in 2025 - you can see that TikTok/Tokopedia combined was already 2/3 of Shopee’s GMV. That was annual - a snapshot at the end of the year would show an even closer picture.

[Jianggan Li @jianggan]

Chinese regulators calling an end to the food delivery war again. It might not end. https://t.co/OKT18MdaUI

[Jianggan Li @jianggan]

Sea group shares dropped 16% - what happened to Shopee? https://t.co/TU3VmJHaia

[Jianggan Li @jianggan]

@okassim @awscloud Is seems the strategy there is to disrupt multiple types of infrastructure

[Jianggan Li @jianggan]

Our thoughts on Deliveroo quitting Singapore market https://t.co/vu9ejOnG5O

[Jianggan Li @jianggan]

Meituan shuts down Peppr in the U.S. market https://t.co/pTVBGAT2g9

[Jianggan Li @jianggan]

[Full text] SHEIN founder's rare public speech https://t.co/SSc7WR85R1

[Jianggan Li @jianggan]

@momentumasia @JayC_Investing @GabGrowth In a couple of markets, #tiktokshop already sends more parcels than #shopee. In Indonesia TTS/Tokopedia combined is closing in with Shopee.

[Jianggan Li @jianggan]

@ottavi_ @HaydenCapital @pioseem88 @momentumasia We took a brief look at a few data providers. Interestingly Chinese providers all have very similar in overall market GMV but differ more in category mix. I suspect a reason is they have sources within ByteDance to find out the overall GMV.

[Jianggan Li @jianggan]

@HaydenCapital @ottavi_ @pioseem88 @momentumasia So this is what we are publishing this morning ;) https://t.co/JiG8YTR6A3 The numbers here should be between actual GMV and NMV

[Jianggan Li @jianggan]

@HaydenCapital @ottavi_ @pioseem88 @momentumasia We will publish some numbers about TikTok Shop next Wednesday - stay tuned ;)

[Jianggan Li @jianggan]

Why might Delivery Hero sell its best asset? https://t.co/VRH0SLOTgV

[Jianggan Li @jianggan]

My friend, who runs multiple retail businesses, thinks it is easy to hold the fish this way; I think the otter starts from the part where it can eat the fastest - in nature you never know when you will lose the fish, so might as well catch as much while you can.

[Jianggan Li @jianggan]

On a walk we saw this otter eating a fish it just caught. Why does it eat the fish head not the meat first?

[Jianggan Li @jianggan]

Part of the loan book growth inflection is also because certain businesses needed 2 years to get everything ready from regulators (they deal with a lot of regulators in a lot of countries) and partners (e.g. banks doing co-lending to have systems ready to process 1000s of applications at the same time). We will see more product rollouts from Monee moving forwards that have been months if not years in negotiations

[Jianggan Li @jianggan]

@pioseem88 @HaydenCapital @momentumasia Order growth in 2025 should be higher than 40% yoy methinks