Axiom Asia sees fund-of-funds strategy gravitate from China to developed Asia

For Edmond Ng, a managing partner at Axiom Asia, shuffled policy priorities and slower economic growth in China are responsible for the most significant about-turn in the firm’s 20-year history. E-commerce is one of several cases in point.

“The rapid expansion of some e-commerce platforms was creating pressure on local jobs and businesses. The Chinese government has taken steps to mitigate this, as they believe capital should not determine the outcome of a certain industry,” Ng said.

“So, the demand for foreign capital by Chinese businesses has dropped substantially. Going forward, it’s not going to be easy to put money to work in China at the same level as they have in the past.” READ MORE