China is still an important market even if investors diversify from it now, says Peak XV

India and Southeast Asia are benefiting from the China Plus One strategy as businesses diversify operations away from China amid escalating U.S.-China tensions. China will still be an important market in the years to come, said the managing director of Peak XV Partners. He emphasized that China is going to be a huge economy, and good businesses will be built there in the long term. Despite this, the China Plus One strategy is benefiting places like India and Southeast Asia. Peak XV Partners has invested in over 400 companies in various sectors. While India and Southeast Asian countries have been benefiting from diversification efforts, China will still be an important market. It is necessary for everyone to consider how to work well with China in the long term.