35 Burst results for "Alibaba"
Elagabalus: The Roman Emperor Who Wasn't Truly Roman?
"By two hundred twenty one. Ad room was under the rule of one of its strangest emperors and his short ruled run until two hundred and twenty two eighty. When surprise surprise he would be assassinated. The rule of emperor elegant gablers is interesting to look into however as it shows us. Just how much rome was starting to sink from the days of the pax romana so you want to share a bit of ground rules and of the origins of elegant. 'cause it's kind of important today. This fame and alibaba is believed to be born circa two hundred and free. Ad so you can already gob as quite young. By this time he was born the name of various of its yes us and he was a native over rome. of course native. Improves want a new thing by now he was born in. Msa in syria and this is the modern city of homes. Which is the still in syria to this day. And he came from a family of high priest to didn't worship the funeral roman gods greek goats but they worshiped aluko sunguard who was known as ball. But this doku go. But this god was awesome locally as eligible and from his name allegations bolus and his name abou shriek on the way he got that title from and despite being so far removed from he had connections to the city and to the upper crust over roman society. Something i'm curious about. How much do you know about this religion. That he was a part of not really much came up on the subject. I imagine we probably already know of it from others. Writings not much up about it. Just it was different. Is seems that sent it around this one god as opposed to a pattern of goats. I roam did okay. I was curious about that. There was any additional information to kind of get an idea to see more where this guy was coming from the but they but they are monotheistic. I think they might have been to an extent. Yes well and these guys worship. Just the one god. The mob moguls into wider religion. Alibaba's came from this one from a family that worship just deliver who sunguard eligible as i said that he did have connections to the roman empire and most noticeably decant mp at the time and pra caracalla was his cousin. An in two hundred and seventeen eighty caracalla was of course
Alibaba Hit With $2.8 Billion Antitrust Fine DTH
"China's state administration for market regulation issued. A two point. Eight billion dollar fine against alibaba for antitrust violations finding the company prevented merchants from selling goods another shopping. Platforms outside of the fine alibaba. Stop the practice and submit compliance reports. Every three years
"alibaba" Discussed on Wall Street Breakfast
"Today's news alibaba relief. Shares of alibaba are rising in china after the government's decision to find the company four percent of twenty nineteen revenues allows it to move forward the state administration for market regulation or s. a. m. said saturday that it had determined that alibaba had been abusing market dominance since two thousand fifteen by forbidding its merchants from using other online ecommerce platforms alibaba statement that it accepts the penalty and quote will ensure its compliance with determination and quote the two point seven. Five billion dollar. Fine was the highest ever antitrust penalty imposed by china but investors are bidding the stock higher with the fine not material to the company's finances and the cloud regulatory action now removed alibaba shares are up eight percent in china despite the record amount. We think this should lift a major overhang on baba and shift. The market's focus back to fundamentals. Morgan stanley wrote in a note on sunday. According to reports and cnbc quote the final ruling lean significantly towards what investors had been considering the best case outcome and quote. That is macquarie bullish for. Us tax us make a cap tech. Companies are also facing investigations into their practices with the department of justice. Filing an antitrust suit against alphabet google in october. The ftc and state attorneys generals have filed against facebook in december and the ftc also launched an inquiry into texts over privacy and data protection in december last week data trek research listed tech regulation as one of five scenarios that could be the catalyst for a bear market. Data trick noted that alibaba and tencent haven't really underperformed the broader chinese market but rather a quote. The chinese government's sudden increase in tech sector regulatory scrutiny is hitting overall investor confidence and quote. The relatively benign alibaba could increase confidence for us big tech to whether any political storm from washington. These mega cap stocks enjoyed strong. Gains last week led by apple which rose eight percent amazon and alphabet each gained more than six percent. Alibaba also notched a win as authorities declined to demand any divestiture of non-core assets. But the all clear may not have been sounded just yet seeking alpha contributor alter perspective writes quote. There is no guarantee that alibaba can make adjustments to the satisfaction of the regulators. Sim aren't might also find issues with e. self-generated compliance reports nonetheless. Suffice to say be greatest heat on the company has been alleviated and quote. Powell sees inflection point yields dip federal reserve chair. Jerome powell sound a little bit more optimistic on. Us economic prospects in his interview on sixty minutes but was also cautious enough to keep a lid on any pop. In treasury yields. The economy seems to be at an inflexion point with strong growth and employment prospects. Starting right now. He said private forecasters are seeing between six percent and seven percent. Gdp growth this year with growth in the second half of the year being very strong. That's not to say the fed's key interest rate will be increased anytime soon when asked about the possibility that rates could be increased. This year powell answered that it is quote highly unlikely such an action would be taken this year quote. It's going to take some time and quote for the part of the economy hurt most by the pandemic such as restaurants hotels and travel to recover completely and for all those jobs to return. He said treasury yields are lower in early trading the benchmark ten year treasury yield is down one basis point to one point six five percent while the five year yield more closely associated with fed rate. Forecasts is down one basis point two zero point eight six percent powell also said the collapse of our k goes capital raised concerns about one firm causing so much damage but he didn't think it raised questions about financial stability quote. We're determined to understand what happened and make sure that whatever happened doesn't happen again and quote microsoft sets sights on nuance microsoft is in advanced talks to by nuance communications. That is according to a bloomberg report. Those talks could value the company at.
Alibaba Faces $2.8 Billion Fine From Chinese Regulators
"Tech giant Alibaba's being fined $2.8 billion for what Beijing calls monopolistic behavior, NPR's Emily Fang says the fine comes is Chinese leaders reportedly are investigating how the company and its charismatic founder Became so powerful Alibaba's troubles really began after its founder, Jack Ma, I'll give a speech criticizing Chinese financial regulators from Muslim on Turner's like him. The I. P O of a second company of financial technology firm called Aunt Group was then abruptly canceled, and his executives called into meetings with regulators. Ma has now not been seen in the public eye since last October.
Alibaba Faces $2.8 Billion Fine From Chinese Regulators
"Alibaba has been slapped with a nearly $3 billion fine for anticompetitive behavior. Chinese regulators say the company violated anti monopoly rules and abused its dominant market position. Windsor Johnston. NPR
Alibaba Hit With Record $2.8 Billion Antitrust Fine
"Defect. China's lap to record $2.8 Billion fine on Alibaba Group holding and this is after an anti monopoly probe found Alibaba abused its market dominance. Beijing remains intent on reining in its Internet and fin tech giants. It's said to be scrutinizing other parts of billionaire founder Jack Moss
Alibaba Faces $2.8 Billion Fine From Chinese Regulators
"Tech giant Alibaba has been slapped with a nearly $3 billion fine. Chinese regulators say the company has engaged in anticompetitive behavior. NPR's Emily Fang reports. The fine comes as Chinese leaders are reportedly investigating how Alibaba and its founder became so powerful Alibaba's troubles really began after its founder, Jack Ma, give a speech criticizing Chinese financial regulators from Muslim entrepreneurs like him. Hypo of a second company financial technology firm called Aunt Group was then abruptly canceled, and his executives called into meetings with regulators. Ma has now not been seen in the public eye since last October.
China slaps Alibaba with $2.8 billion fine in anti-monopoly probe
"Slapped a record $2.8 billion fine on Alibaba Group holding and this is after an anti monopoly probe found Alibaba abused its market dominance. Beijing remains intent on reining in its Internet and Fintech giants. It's said to be scrutinizing other parts of billionaire founder Jack Moss empire.
Alibaba Share Fall Under Regulatory Pressure
"Alibaba shares falling today. After the company's web browser was pulled from app stores and china the move follows comments from chinese president. Xi jinping calling for increased scrutiny on big tech she sang regulators. Need to fill in gaps and loopholes when it comes to chinese tech companies dan. You're saying that one of the worst looking charts and the market is of h chinese tech company. And it's alibaba. I mean the news flow has been downright horrible for months now the stock has been very volatile If you look at it right here down from i think about two seventy five to just about two twenty six to twenty seven right here sitting right on a massive technical support. Look at that chart. It's a massive head and shoulders formation. Here really has to hold here. The news flow has gone from bad to worse. I'll leave that For tim but it seems like the chinese government is seriously looking to clamp down on this company and some of their entities. And i just think you want to be careful below those recent lows below two twenty. I get that really clamping down a harshly would be cutting off your nose to spite your face in way because these are these are national champion companies. Tim at the at the same time. They are requiring alibaba to do things like divest. Some of its businesses like ant financial that could really transform these businesses. And how they're valued. Yeah i actually more worried about this I you know alibaba media assets including what they hold in some american companies like twitter. But also billy billy which is a online video gaming platform it's a forty billion dollar company mean. The these are part of the nuggets of value. That i i actually like in owning alibaba so i'm not surprised that the regulator actually needs to do their job. I'm not surprised that they're they're doing. They're they're slapping on the risk. Call it the companies that have been front running the government. But it's the entire china tech sector. That's under pressure and the irony of this is is that this. Is you know where we were fighting. Many of our kind of geopolitical wars over the last couple years with china really control the internet called the next wave of technology companies which china wants to put them out there. I i don't run to the door at these levels. I gotta tell you to twenty very big support on bobbled
Chinese Regulators Call for Alibaba to Divest Media Interests
"China's government has been tightening. Its control over. Its big homegrown. Tech companies and in recent days its biggest alibaba has gotten the attention of regulators now. We report exclusively. That china is asking alibaba to of its media assets which include print broadcast digital social media and advertising people familiar with the matter. Say officials are concerned about the company's sway over public opinion in china alibaba declined to comment on discussions with regulators about its media assets. But it said it's a passive investor in those holdings. The chinese communist party's propaganda department. Didn't respond to a request for comment.
Coupang Is the Amazon.com of South Korea, but Maybe Even Better.
"Natasha. We finally have pricing news on coupon. The south korean e commerce giant that had kick butt twenty twenty. What's latest coupon is the largest ipo by a foreign company that we've had at least in the last seven years so big news. It priced one dollar above its raise range and has raised four point. six billion. it's fully diluted. Market value is sixty two point nine billion but of course it's not trading yet so the story is still going miserable training. Well we record this on thursday so if that happens we'll update you. But you are the south korean expert on the show. I'm very curious if you're surprised by the enthusiasm from american investors for a south korean company. Maybe the irony is was the largest ipo before this one was alibaba is commerce logistics for china so clearly when comes to companies doing well and the nyc is e com in asia. But no i look. I think we've talked about coupons in the past. i think it's a really strong debut. Catherine shoe from our team wrote a really great piece. About how coupon is out amazon. Amazon and one of the details in her piece was that a lot of success was due to in early and heavy aggressive investment in logistics when it was founded in two thousand nine there were no major logistics providers in south korea out similar to what we have in the us fedex or ups so it built its own infrastructure so now to take out coupon. A company needs to do that and that's not simple to
China Finalizes Internet Antitrust Rules
"China has been stepping up its antitrust enforcement and recent months even forcing the fintech giant and group to call off its planned. Ipo and restructure. its business. Now we report. They've turned their attention to another company affiliated with the billionaire. Jack ma alibaba. According to people familiar with the matter regulators are considering measures that could include a record fine over concerns about the ecommerce science alleged anticompetitive behaviour but officials familiar with the government's. Thinking say alibaba could get softer treatment than and group. Dead given the popularity among both chinese households and global investors china's antitrust regular didn't respond to requests for comment and representatives for alibaba. Declined to comment
Farfetch Founder José Neves Unpacks His Newest Partnership with Alibaba and Richemont
"Stick investment was theme seven in this year's report on the state of fashion 2021 it offered a prediction that companies will begin maneuvering for the post pandemic reality to grow market share and expand their capabilities. But in fact it is already happening. The recent landmark deal with far fetch alibaba richemont and carrying is a case in point. I it brings together two rival luxury goods groups respond carrying who both invested in farfetched. But there's also added interests because riche mont is also the owner bucs neta portait group a major rival too far fetch. Now i'm joined by josie neva's founder and chief executive of farfetched. Who's in some paolo today. As well as mike evans president of alibaba who joins us mexico in this their first joint conversation. They'll help us to understand the anatomy of this megadeal and what it portends for the global luxury e commerce space. Welcome to you. Both josie and mike josie. I wanted to start with you. I you know this is a deal that really took the industry by surprise. Some of our reporters kind of dropped the mic on slack and other places like where did this deal come from. So in the first instance can you just give us a sense of the genesis of this megadeal. How did it happen sure Think the channels of the deal was compensation which you i will never forget about the station with daniel jank and the conversation just understand the chinese online luxury market In both electric pavilion was doing private. China was doing and we ended up staying for a long time much longer than what we expected and what what was clear was while three things first. We think as tech businesses we add technology bathrooms not retailers. And and we really are at the service of the best brands and the best relates to really enable them. We're here to enable industries and that ito's was very very striking because we're not here to replace physical rebuilt for example firefights spotted with physical retail. That's that's what we did since they when we continue to have. We started the future new retail. Very much believe in in how we reinvent the magic Physical retail and. It's the same with alibaba. actually so they. they add enabling tens of thousands of physical retailers in china knocking luxury but in other countries with went single platform. So that was when the second walls china and how combined shining. Fox's we could have a win win proposition for consumers and also for brands and retailers in that in that market and said when whilst the global nature of this deal that we should really join forces to create this vision of luxury new retail new retail his alibaba strategy out mentors retail whilst fash strategy luxury new retail is the combination of
Stay-At-Home Mom Starts Bamboo Baby Biz
"Thicky weinberg is a momma to based in the uk used to have a corporate job but suffered from post natal depression. After our first child was born she then retrained as a children's yoga teacher in cape local class during her second pregnancy picky had some issues with her hip and back then she couldn't teach anymore. It had to find someone to cover her classes but by the time the baby was born she was ready to do something anything even though she didn't know what one dave vicky was listening to pat plans smart passive income. Podcasts she heard a story about two guys selling products on amazon. The idea of living on the beach with laptop wasn't her kind of lifestyle but having the freedom to work whenever and wherever she wanted that was being an idea sparked to create a brand of high quality baby products that can be used reused and gifted to other families and so when our second baby was only six weeks. Old tiny chipmunk came to life as well. Vicki knew she wanted to create a range of bamboo baby products and use google's keyword tool to research. What would come first. She leaned on baby swallows and used ninety nine designs to find a logo design by. She went to alibaba dot com to search for a supply at the same time. She ordered samples of similar products from amazon to scope out. The existing market wants. Her product was ready. Vicky place the order spent time building her website making an amazon listing. She worked whenever she could which was mostly when the kids snapped and even though it took her about eight months to get to launch. She's glad she did. Tiny chipmunk has become vicki's main work. Bogus bring at least twenty five thousand dollars a year in profit. She doesn't have to work set hours because the business mostly runs itself in fact even though she had to homeschool her kids and cut back on her hours over the past year sales remained steady. Still there have been some challenges. at first. she had no idea what legal disclaimers and other information. She had to put on your packing so she went back to google and ninety nine designs to find a packaging designer but she never received a sample from her chosen supplier before placing the full order. This turned out to be a big mistake because the quality was poor. The cardboard was way too thin and kept ripping which led to products getting damaged luckily option by the time she restocked she could go back in time. Vicky also says she wouldn't have tried to do everything herself nor tried to be everywhere at the same time. Most of the marketing strategy she tried didn't work ended up costing her money and time a better approach would have been for her to focus on one sales channel for example one social media platform and build from there. Fortunately as her business has grown vicky has to nowadays. She doesn't just sell products online. She also coaches other people who want to sell products. She's happy to work on both projects. They feel good. They fit in with your family life. She chooses what she does. She does it for as well as where when. And how as a bonus she's also gained confidence and new connections going forward. The plan is to launch more of her own products while helping other people create and sell. There's no plans to do less one on one coaching. Instead move towards more group. Coaching and courses it all starts with baby steps.
Should I get a prototype made and how do I do it?
"This is dylan from orlando florida. And i've been listening to this show for almost two years now like a lot of people. I want to make twenty twenty one year. That i get going on my side hustle. I really feel like i'm ready to go. But i have a question regarding prototyping products that you've actually mentioned. in previous episodes. You brought up a company. Called product is being accompanied. Look into forgetting prototypes made. I've also come across. A company called brainchild engine. So my question is what factors should be taken into account in valuated when deciding what company contact about having a prototype mate. I'm unsure of the relative pricing in. Just any red flags to look out for us especially with the goal of getting a well-made prototype. Always appreciate your help. Chris team happy new year. Hey dylan what's up. Thank you so much the question. I'm excited to hear about your big twenty twenty one idea. So let's talk about it. I i learned about product from pat. Flynn pat as a friend of mine who hosts multiple podcasts and youtube channels. He does all kinds of stuff. Amazing guy featured his adventures in designing and manufacturing a physical product or loggers in episode ninety nine. I believe now. When i say product and dylan mentioned that as well. We're not actually mispronouncing it. That's the name of the company. Prouduct dot com. I have no affiliation with them except for various research a big thing that product does. Is they kind of guide you through. The process of working with an overseas factory and their objective is to provide a turnkey service for all parts of that process like all communication points. Everything that needs to happen. So when you think about a prototype there are early. Stage prototypes and going to market prototypes. And an early stage prototype is when you're trying to figure out like what is my idea how represented there's lots of different ways. It could be done. What is the best way. A go to market prototype is what you need right before you commit to making it thousands of them or some other large number that leverages the benefits of overseas manufacturing so. It's almost two different experiences. Although of course they're connected so dylan asks what factors should be taken into account and evaluated when deciding which company to contact about having your prototype made so i think again. Just kind of rewind a bit the three factors i think are not just for your prototype for your whole thing it. How complex the product. How far along are you in the process. And how much help do you need. Those are my three factors. How complex is the product. How far along are you in the process. How much help do you need because for your you know early stage prototype. You might need product or brainchild engineering or any other company. That does something similar in addition to path people. I know who've been successful doing this. They don't just have an idea actually have a clear market. They have a platform what they need help with is the design and engineering their actual product. You know whatever it is so if you're looking for a turnkey solution that does everything for a price and that's kind of the direction to go looking to one of these companies or vendors or do you just need help with one part of the problem that might be a little bit different than you might want to spend some time on alibaba looking at different factories. And maybe going from there. We had a number of episodes of people who've worked directly with factories. So there's many different paths you can take But hopefully those answers those questions. Let's say might help you take the next. Step your answers to those questions. How complex is the product. How far along are you in the process. And how much help do you need.
Why China is Joining the Global Push to Regulate Big Tech
"When it comes to regulating big tack europe has been taking an aggressive stance for a while now and as we talked about on the show. We've seen some action from the us as well but lately china has made moves to join in our reporter. Sam schechner joins me from paris. To talk about why china is getting involved now. What it's doing and what impact could be protect companies. Hey sam thanks for being here. Thanks for having me so before we get to china's action. I wanted to start by bringing us up to speed. European regulators have really been leading the charge when it comes to regulating tack. What have they been focusing on your right. That europe has really been at the leading edge. A lot of these these types of new rules europe's new privacy law the gdp our general data protection regulation was one of the first of the of a new class of transversal privacy laws. And that's actually been emulated in a number of parts of the world. Europe has also been among the first to initiate antitrust investigations into big companies including google and apple amazon and actually has issued decisions against google totaling more than nine billion dollars with fines in recent years and now europe is also helping lead the charge when it comes to coming up with new competition regulations. It's something that's been bubbling in academic circles for quite a while whether or not there's a handful of companies that are so big that they need their own special rules to make sure that they treat everyone fairly to make sure that companies have a chance to rise up and challenge them and the he us antitrust are also in charge of new digital regulation. Here margaret avesta your actually describe it with a metaphor to the automobile. She said that when cars were first invented it a new technology and after some period of time people realize that maybe we need traffic lights right and a lot of action clearly stemming from from that sort of mindset. We've also seen some action in the us as well right. There is indeed some momentum in the us four new competition rules you know given the political environment and some of the differences between democrats and republicans. It's not clear that there'll be an agreement that being said last summer. Democrats in the house. Judiciary committee released a report calling for changes to antitrust laws and creation of new types of obligations and republicans in their own report actually endorsed albeit a narrower set of changes but some areas of agreement such as requirements tech. Giant's make their services interoperable so there is the possibility that some types of legislation might see the light of day in the us dot. So that's sort of the lay of the land but china has also recently joined the push with some new proposals. What do they unveil well. That's right in. November china issued its first draft guidelines for how they want to regulate competitive behavior by digital giants and on paper the guidelines are actually very similar to some of the things that have come out in europe. The uk also has a set of regulations for big tech companies that the proposed and china's proposals include things like blocking companies from crunching consumer data in order to set discriminatory prices or at selling prices below cost to help gain market share. Some of the classic things that might be anti competitive more generally but that big companies are accused of doing and in potentially more difficult to identify with this. And i understand. China has a pretty short history with the sort of regulation. Why are they getting involved now. Well on one hand. China has one of the shortest histories of antitrust regulation of major global economies only adopted its anti-monopoly law in two thousand eight but more cynically. Some people have noted that this push began just slightly after an october speech from alibaba founder. Jack ma who publicly lashed out at the chinese government's tight financial regulations and following that there were a series of regulatory actions against elements of his internet empire. And so the question has been raised when you talk to. Experts is this chinese. Push about really trying to rein in big tech companies to preserve competition. Or is it about taking on people. Like mr ma who they think are challenging the power of the central government. And you know when you talk to when you talk to experts. They say that mon- speech may have been the trigger but that there have been longstanding concerns about increasing concentration among the chinese internet giants including including alibaba but also other companies to rate and since alibaba is one of china's biggest most powerful companies. Making jack ma. One of china's most powerful businessmen. This sort of illustrates broader difference between china and some of the other countries that we've talked about you know. China wants to exert a lot more control over attack and the internet then does the west could barrier in terms of getting different governments on the same page. Well that's a very good question you know we. We really don't know what the long term impacts are going to be of these rules. I mean for one thing. They haven't actually been applied yet. These are proposals and you're right that china's internet is largely dominated by its own set of companies not by global giants and chinese internet. Companies are much less present overseas. So you know it's it's a question. How much one regulatory system or the other will end up prevailing. There are certainly more countries in china's orbit that could end up adopting china's approach to internet regulation but in some cases in some senses that there's similar motivations behind what's going on. I mean whether you're trying to preserve state power for its own sake or because you want to make sure that there can be a new set of companies that come up to challenge. I mean those are still it boils down to saying certain companies have gotten too big and something needs to be done about them and so the more that those sorts of rules are being proposed. It certainly would count as momentum for them. And you know it's not a it's not a given that these things will be done so momentum is meaningful. i mean you. You have free market proponents. Who argue that. These types of proposals go too far that they would hobble digital markets and leave some people worse off so while there is a growing number of experts and competition regulators who say we might need rules like this they certainly aren't unopposed. So china's entry into the fray could potentially impact the course of the debate. Yeah and just to take further. What's the outlook for big tech. Now that china's join this push and how are the company is responding. Well i think big tech. Is these big tech. Giants are increasingly aware that they're going to be facing more regulation whether it's about privacy whether it's you know updates to tax rules whether it's about their obligations to other companies in terms of new competition regulations. It's just a fact of life. And so i think at this point. They're they're now down to figuring out how to make sure that these rules are ones that they can live with. You know when you talk to facebook they sort of are perhaps the most acquiescent saying that we acknowledge these types of rules must apply to us. Amazon and google say more that they would hope that rules that would be rules that apply to all companies not trying to focus on a few. But i think it's it's certainly fair to say that these companies are going to find themselves much more regulated and they have at the last couple decades have been a sort of open playing field for them. It seems likely that they're going to find their their field of action more limited. They may have time doing the same kinds of acquisitions that they had done before. Or certainly will face more scrutiny. Before they're able to complete them. Some regulations on the table could in the case of repeated non-compliance go as far as breakup. I think really the us would have to get more into the game for that to to truly be on the table. Indeed the ftc's suit against facebook last year did specifically talk about unwinding some of facebook's acquisitions
The Cut Throat War To Dominate China's Grocery Delivery Industry
"Speaking of china. You had a great story on. I didn't i mean who knew this. This is why. I love rest of world because we're learning about stuff that the cutthroat war dominate china's grocery delivery industry is there a grocery delivery industry in china. I'm kind of. I don't know why i'm surprised to hear that. Yes so follow me for a second. This is a really crazy model. That like a hundred million people plus china right now. So it's really big and it's really really and it's attracting sort of like grandma's almost like aunties You know people are really price conscious so imagine you have a group chat and all of your neighbors or that group chat and you have sort of like you know maybe a local state home mom or someone you know. Maybe the corner store owner Someone who owns a seven eleven and they are the moderator of that group chat every single day they give you some grazie deals for fresh food and all you do is in that group chat. Say what you and the next day the stay at home. Mom we'll get it all delivered to her place and then she'll bring it to you or you go pick it up at the corner store. So they're called group buying groups so she gets everything and then parcells it out to her neighbors the like uber or d. Which is the over of china is invested in this every ten cent. Jd dot com alibaba. All the biggest tech companies are investing in this all over the place. It's a huge frenzy. Just sort of like get all these people because cheer point. These are people who didn't usually virus online. They were just go to the corner store and get stuff previously but what this is doing is leading all those big tech companies. Cut a ton of costs. They get marketing from the stay at home mom. They get logistics. they don't have to go to each person's home right the stay at home. Mom will take care of that for them. So the money to right she gets she gets about five ten percent commission so she's incentivized to get as many people as possible most of these people. Have you know anywhere from a couple hundred to nine hundred. She's all that are managing. It's huge or that and it can be can be a big source of business for them and it's a crazy trend in china and it's become really really wild actually two employees at one of the companies that his invested in this actually died Recently which sort of set off this huge reckoning about like you know are they pushing employees too hard at these companies you know is this frenzy worth it. The government is mad about it. But i love it because it's like stay at home. Mom selling vegetables by everyone in tech is just all over themselves over it. Well as you out It's a in. The article is highly customized. Because this one person who is managing this group note gets to know everybody their interests their tastes what they want what they don't like so it works. It works really well. I have to say come on. If you're like cute little neighbor texas everyday and it was like sale on. Carrots are totally doing. Yeah fifty cents. Bundled carrots come grabbed them tomorrow with your eggs and your milk or whatever. Of course i would do it. This model could work in the rest of the world. I think that. Like when i think about someone like my mom who's like knocking to navigate. Instacart knows how to use. I message the thing is that it's integrated into chat right and we don't really have each year in the same ways. I think we're sort of far off. But i do think you know this super-charged by the pandemic there are way more people anger. She's online than there used to be. And i think that instacart is ripe for disruption. I think like you know whole foods. Delivery is not doing anything particularly Innovative and i think even amazon and these logistics giants are still really struggling with how to make a profit off of this and these chinese companies sort of figured out a way to do it although to be fair. They're offering really really low prices because he's really price conscious consumers and suppliers or getting mad. Because they're like selling a bottle of cooking oil for like less than the actual cost to make it so there are a lot of sort of reminds me of when it was like two dollars. Take an uber anywhere. Because they were just pouring money on it and get a fifty percent off lift ride. If you just open the super happen the lift up notice that you were doing that. We all remember. That's it feels like that. Yeah so i do worry it. Sort of gimmicky.
Jack Ma, Alibaba's Co-Founder, Resurfaces After 3 Months of Lying Low
"Shares of alibaba are up more than five percent because company founder. Jack ma has made his first public appearance in three months. I should point out. This is not an appearance that he made out in public. This is a video filmed tied to an event. But look i think if you're an alibaba shareholder over the last few months wondering legitimately. Where's this guy ben. This if it were moving up dramatically more than that. I would think it was a little overblown a five percent. Tick up seems right to me. It does seem right to me too. And i can't we say not to be too draconian about this but aren't we glad that it's not a hostage video rhyming reasons. We're a number of reasons because we were starting to worry. That jack ma was like something horrible had happened here so he surfaced. It's i mean it really is just kind of a charity event. He's thanking teachers. It's nice it's just it's very kind of it's just a normal thing and it would be. It wouldn't even be news if it weren't for the fact that he'd been missing for three months and let's be clear. You know alibaba. This does not mean that. The scrutiny of alibaba goes away but he's the founder. The chinese government did not like what he had to say a few months ago right before he went underground. The chinese government has since said that they are going to pursue possibly some more strict regulatory oversight of alibaba and that could include breaking up different parts of the company at the very least they are taking some more strident action against ant financial. Which is the payments part of alibaba. So the the regulatory scrutiny doesn't go away but boy yeah. I sigh of relief to see jack. Ma is not completely out
Jack Ma, Alibaba's Co-Founder, Resurfaces After Months of Lying Low
"China's highest profile entrepreneur has appeared in an online video is a parent's ending A 2.5 month absence from public view that prompted speculation about the future of the e commerce billionaire Jack Ma is the multi billionaire co founder of Alibaba, China and the world's biggest online retailer. He disappeared from public view after government regulators sensationally stopped a massive share issue. His finance company and group in the weeks before that, he'd provoked China's Communist Party authorities by saying they stifled innovation. He appeared by video link at an event for rural teacher's China has previously detained prominent executives here who's Cos it believes could pose a threat to stability. That's the
"alibaba" Discussed on CNBC's Fast Money
"Alibaba. Closing the books on a record shattering singles day sales event. The tech giant says gross merchandise value. Seventy four point one billion dollars over the eleven day event but check out what happened to baba shares in hong kong trade. They fell nearly ten percent following a massive crackdown on the company. By the chinese government. Deirdre bosa is here with the very latest on this story. Deebo well in years past melissa. Single day has been all about those huge numbers that show the reach of china's internet giants. This time though that may be seen as more of a riskier. Flex justice singles was getting underway. Beijing's antitrust watchdog put countries tech giant's notice issuing draft rules aimed at rooting out monopolistic practices. Now the news hits the biggest names. Not just alibaba tencent. Jd dot com as well in hong kong by between seven and ten percent in. Just one session now. Alibaba is you know has already been under pressure. Since aunt groups halted ipo. The fintech also faces a changing regulatory landscape. More broadly guys regulatory pressure could be signaling. A new era for chinese tech. Not unlike what we're seeing for our own. American tech companies alibaba president michael evans told me earlier today. That transparency will be key. We need regulatory transparency. So that investors the company regulators. Everyone else can see the transparency and understand the rules by which the game will be played. That's where we're at over the last decade or more. The giants have been seen as national champions evidence of china's tech prowess surpassing even their american counterparts by some measures like users and growth. But now melissa. The draft rule suggests that beijing thinks that they have become too big and wants to rein them in perhaps giving a new crop of companies a chance to content back over to you all right deirdre. Thank you deirdre bosa for us tim. I'll go straight to you on this. I mean it was once thought that as national champions firms like alibaba and by intense they were backed effectively by the chinese government. And here we are in a very different position which violators of that. New regulation could be forced to divest of assets of intellectual property <hes>. A whole host of measures. That would be very punitive so <hes>. Deebo brought up a pretty good point also just that this anti regulated. This is the doj quivalent. We should say what that's meant for. Companies in our country mega cap texas <hes>. Largely been nothing. But let's be clear about that <hes>. As a guy that's invested in emerging markets for a long time and has seen governments dismantle companies. It got too big or too influential whether it's oil companies in russia whether it's been power companies in brazil. The national champions in china are just that i think the regulator has to evolve on the fly. I don't think they're gonna be telling these companies apart. And i think this is an opportunity. Remember china wants these companies to be global and dominant and they want them to work with the next wave of chinese tech companies. They're coming and yes they'll be competitive <hes>. Influences but i think this is an opportunity but still the context of this is that these tech regulations came a week after the government forces suspension of the ant financial ipo karen which forced you as an investor in alibaba to actually reevaluate because it. It changed the rules to the point. Where aunt may not be as valuable as it once was. I think that's true. I think aunt will be unlikely in the short term to be as valuables. It was the very best cases. there's no new regulations. I don't think that's the most likely outcome. But you gotta think about how far the stock has fallen. And i think you know i agree with just about everything tim said of them. Being national champions. I think they're trying to this is really a spanking for jack. Ma and i think that ultimately i don't know how much of a difference it'll make in their in how powerful they are so when i look at how much the stock has come down if i own none. I would buy it right here. I don't own none. I own a fair amount. So i didn't add today. My next by next action probably would be to add. And i think that i don't know how long it's gonna take to resolve this but in my experience. Panicking on news like this has never been the right thing to do. So maybe this time it is the right thing to do but we look at what happened with the the internet companies. The gdp are we looked at having the antitrust with google stock traded up. We look what happened with facebook. Stock traded up. So i'm not gonna panic out of it. I may be the last one out when they dismantled the whole thing. But if i owned on abide here
"alibaba" Discussed on Snacks Daily
"Campaign. That says make eleven happened. It's not exactly inspiring but again it gets back to the literal of thing. Yeah the eleven thing like the one in the one and the one and the one and then this really kicked off with a Internet gallon nationwide in China despite on eleven networks live streaming to drive sale. It's like the QVC on every channel driving you to buy stuff and billions of people are watching. We're going to go a little tabloid to Taylor. Swift tipped did a live concert to kick off the event hilariously singing the song in need to calm down multiple times over but t swift fans also remember that she view opened up a concert to kick off Amazon Prime Day to apparently she's got a thing for like big ECOMMERCE holidays and there was such an onslaught of packages being shipped on prime. They already that. Alibaba had to start using Chinese bullet trains to help get these packages to doorsteps. If you need music for a Mega ECOMMERCE shopping frenzy. Dial our one hundred Taylor now. Here's the thing about this year singles day. It happened at a very interesting time because it ended up being mostly not political but it had interesting political article under. They didn't talk about tariffs they didn't talk about the trade war. They actually welcomed Nike as day ladder. Kim Kardashian skin products all of it was included in Alibaba's singles goes to all these American brands are selling stuff. Not even worrying about what's going on in the trade war because there is such a big opportunity on a single day but then we noticed in executive Alibaba made Equa. And we're GONNA do a little too part of here so he said I. We are helping. Chinese consumers upgrade their life. So that's part focuses on Chinese people benefiting from the rising rising Chinese accounts. You wouldn't see this kind of thing on prime day but you would see this in a country like China which is fascinating and the second part of the quote from the Alibaba Exac while also introducing using new users to our digital economy from across China and around the world. The interesting interpretation here is that he's saying the world needs to recognize China as a business businesses power singles days. How you can do that so jack? What's the takeaway for buddies over Alabama so? Why did Alibaba stock fall? The last two days expectation spectate. Exactly sales rose twenty six percent from last year singles day to hit that thirty eight billion dollar number that profoundly affected us but that twenty six percent jump from last year. Sure that was expected. It's actually the slowest growth for singles day in like ten years so when investors see that something expected happen. The stock doesn't right. You need something either either unexpected to happen or better than expectations to happen in order to make the stop go up. That's how stock markets work. I mean think about the Jamaican bobsled team. When am I not thinking about the Jamaican cool runnings? They didn't even win a medal but if they did cross the finish line and that beat expectations and the result you get a Disney movie by the way this is is nick and I own shares of Alibaba Jack Canoe whip up to takeaways for service. Hickok has over a billion users so instagram is moving to copy. Its Core Feature Zach. Just call this thing Dick Doc and get the whole thing over with Dean foods processes milk but Walmart plant based milk trend has led to its downfall. Dean foods could come back after after bankruptcy if it makes them changes to pension plans third and final story. The Chinese bought a titanic number of packages on Monday but Alibaba stock didn't rise because stock prices are based on expectations. Now snacker time for a snack fact from a great snacker Darah from boozed Nigeria. Who Lives Right now? In Cedar Rapids Iowa. Jack what are we got visa. Just invested two hundred million dollars in inter switch which is a payment company and that values interest which at over a billion dollars on. This isn't just any payment company. It's based in Nigeria. That makes these third African Unicorn at four hundred globally. Yeah the other two are a telecom company yet consumer packaged goods right. So Inter switch is based out of Nigeria doing payments which is a true tech Unicorn. Dare would love to cover that inter switch. IPO One day asap on snacks. It's knackers that was a great one. Thanks for spending fifteen minutes. It's felt like really got tonight. Talk to you tomorrow. Can't wait the Robin Hood snacks. podcast you just turn reflects the opinions of only the host who are associated persons of Robinhood Financial Llc and does not reflect the views of robinhood markets inc her any of its subsidiaries or affiliates. It's the podcast is for information purposes only and is not intended to serve as a recommendation to buy or sell any security and is not an offer or sale of a security. The podcast is also also not a research report and is not intended to serve as the basis of any investment decision robinhood financial l._l._C.. Member Finra S._I._P._C...
"alibaba" Discussed on Acquired
"I mean, I can't think of we haven't covered the in the ad of be in China by doing tencent. Yes. So we may, we may. I may revise the statement after doing that, but I don't think so. Like I think you could make an argument that there is no entrepreneur and no company that has ridden a bigger wave better than alley. And that wave is the consumerization of China and. Risa middle class in China from from nothing. And if you think about alley Bob, it went from like. Time this perfectly. They went from capitalizing on businesses being started in China so entrepreneurs. The beginning of this is the beginning of made in China Alibaba, was there for that and helped facilitate made in China getting distributed around the world, then they were there with how to Baden China, what all the entrepreneurs and people who start businesses and people who work in these businesses who's now who've now made money, they want to producing things. Now they wanna consume Alibaba road that better than anybody and be EBay at its own game. Now, what's next is like what happens? All that wealth in China, like who manages it like, you know where these people are going to keep their money, how they're going to manage it, how they're going to grow it, who's best positioned to do that Alibaba and Ali pay, it's incredible. It really is the ultimate marketplace business. I mean, thinking about like the ultimate sort of. Well, there's. Bleeding into mind on page one, thirty, nine of the f. one which is sort of the foreign filing of the s one. They have a sly that's the network affect on across our marketplaces. And there are Disney like amount of euros between all these different properties and how it all fuels each other and David not only did they ride the wave well, but they created it just incredible number of moats around their business and around how it's it's absolutely a no brainer for everyone in the ecosystem to use their infrastructure total. Totally. I mean. I'm so excited the Jack retiring because we're gonna have to call him up at wave and. We business. Yeah. The best marketplace entrepreneur, all time. We'll take basis, but like I think head to head out to Jack here, bold. Another one that I've got is just customer obsessed as Amazon. Jack regularly says, the priorities of.
"alibaba" Discussed on Acquired
"There's some drama with the Chinese government about piracy on the platform that get settled as a result though, Jack had already step back into the chairman role of Alibaba group. He was no longer CEO of Alibaba or never CEO of tab. Our team alipay Decio valley baba group, though. Jeffrey Lou gets replaced by the Daniels owing who's now still the of valley baba group. Anyway, twenty seventeen yard who gets acquired by Verizon. So now what is horizon going to own? Because Yahoo still owns fifteen percent of Alibaba, which is crazy, right? They sold nine point, four billion and they still own fifteen percent of the public company, bright. So what's going to happen? This is a US telecom company now gonna own fifteen percent of Alibaba. No. So I said, turns out and I remember reading this at the time, but it had completely forgotten about it. What Verizon actually bought was not yahu Inc, but was y'all whose internet presence and their website and the brand and the whole Yahoo business. But they did not buy Yahoo Japan or the stake in Alibaba, which were then transferred to a separate entity, sort of all the remaining pieces of Yahoo that are not Yahoo that went to Verizon and that separate entity is called al-tobgy. I think this is actually like the best part of the whole store for all the craziest. This is the best part of the story. So I'll Taba is. Is a publicly traded company based out of New York. That owns two things. Actually, I think they're about to own one thing because it sounds like they're divesting, Yahoo, Japan, they own a series of of other things actually, including some of seeks of Eastman Kodak. Some of paperless Horton works like they're doing investing. They owned like a six percent stake in snap at one point. Yeah, that which they sold in September twenty seventeen for seventy million dollars. So I'll Taba is this thing that that is worth a bunch because it's it owns fifteen percent of Alibaba, like it's a publicly traded thing with a market cap of thirty. Eight billion dollars that by looking around Lincoln has ten employees, all of which are finance and operations and the CFO is based in Omaha, Nebraska. Yes, yes. Every employee is in is in New York. It's every Cisco except for the phone, Omaha, crazy that this entity exists thirty eight. Billion dollar market cap for al-tabbagh which yeah. Okay. That's crazy. Ten people at this company at thirty billion dollar market cap. The crazy thing is that fifteen percent of the value of their stinking baba is over eighty billion dollars like Alibaba is now a four hundred twenty. Something billion market cap company. I'll Taba market cap is is like thirty eight thirty. Nine billion rent. Yeah. No, it's trading at a significant discount to the value of their. Oh, interesting. Like because they can't get liquid on it. Yeah, I think it's that the market thinks like this is crazy like a Jack Ma and Alibaba probably hate this and so they'll do anything as they have done in the past transfer, Allie share tenders for lower prices. Who knows what's gonna like there's just risk here of what's going to happen. But like that's serious serious discount to the value of the shares that they have to get away to get potentially high risk exposure to the Alibaba upside and did indeed, or you could just by. Alibaba stock. The end of the story here I promise is just this week Alibaba, announced Jack Ma an ounce that he is going to fully retire one year from September tenth. So September tenth, twenty nineteen. He is going to fully remove himself from the company. He will no longer be chairman, Daniels ING, currency yo is going to also assume the chairman title, and he's going to turn himself fulltime to fully similar to Bill Melinda gates. Pretty cool, pretty cool. It's amazing. Now that you know is story listener, is he? He is a just absolute icon and hero in China. I mean, you think basis and gates and Alon musk kind of combined, he's inspired the masses, and what's so cool historians so unique. I mean, he was born right before the cultural revolution happened in a tier two city in China and didn't start his first company until he was twenty nine years old. Was terrible at math, you know, still jokes. He doesn't get technology, but like from that, he has become arguably like. Up for debate, but you could make an argument that Baba's the most important technology company in the world right now has turned it into half a trillion dollars market cap..
"alibaba" Discussed on Acquired
"Anyway. Finally, in two thousand twelve Alibaba's settles the situation with Yahoo, agree that after years of bickering that Alibaba is going to buy back half of Yahoo stakes, twenty percent Ellie baba for seven point. One billion dollars plus an agreement that another twenty five percent of the stake. Yahu will exit either in an IPO or sell back directly to Alibaba, which yeah, who I think does do they twenty seven percent at the IPO they do, but that's not all of Yahoo stay as we'll see in just a second so, but at least it's voting right. So now once that's happened between SoftBank and Yahoo, they no longer control majority ownership in Alibaba. This paves the way for Alibaba group to file to go public, which they do in two thousand fourteen Alibaba group buys back all of the dot com shares pulls that off the Hong Kong. Change so that they can I the whole thing on the US exchange on the new York Stock Exchange, notably not the NASDAQ which tech stocks typically go out on, but Ali baba group sites to bankers. We did not trust the stability of the NASDAQ platform after the Facebook debacle since we're going to be doing a significantly larger and trading was halted for four hours or whatever when Facebook went out. So totally and trading still gets halted when Alibaba comes out, but it wasn't wasn't as bad twenty five billion dollar pew in twenty fourteen the still the largest IPO in history closes up anywhere like period full sun and just to put that in context visa in two thousand eight eighteen billion. Facebook was sixteen billion GM in twenty ten when the government re IPO was only sixteen billion dollars. Goldman Sachs just to give because we're because they're big part of this episode in may of ninety nine, they, they. IPO for three point. Seven billion. So to give you a sense of the true scale of this, there's four ever above fifteen billion dollars, and then they quickly go down into the three, four, five, six range after that. So the end, the first day up twenty five percent at a market cap of just under two hundred and forty billion dollars, which at the time is larger than Amazon and EBay combined. Which is crazy. And again, I remember this happening like most people, you know in the US even tech, they're like, oh, Allie Bubba. Like what that's like the Amazon of China again, right? Like people didn't really understand this, but the institutional community was like, this was the hottest IPO of all time. And finally unwinding this whole crazy structure and getting access to investors in incredible. Yeah, and I've got some good acquired IPO trivia here. So the guidance was sixty to sixty six per share at price to sixty eight. The stock actually opened at ninety two and then went out from there like everything about this was crazy Alibaba, underwriters announced that they had exercised a green shoe option to sell fifteen percent, more shares than originally planned boosting the total IPO to twenty five billion from the originally planned twenty one point. Eight billion. David. Do you know what he green shoe option is white is called that I did actually used to know the answer. Both of those questions. I think I recall that please elucidate. Basically, it's when the underwriters are allowed to support the share price after the offering without putting their own capital at risk. So they're basically allowed to sell more to support the the share price. The reason it's called a greenshoe option was the first company to ever do it and have this written in as a term with their underwriters, green shoe manufacturing, which is now stride, right. What do you know there's trivia for today? I always thought it was like a same as the white shoe law firms of like, you know, I thought that too. Yeah, yeah, green shoes because they're bankers. They make so much more. Only choosing. Good to know in this IPO when Yahoo sold their stake. That was a casual nine point, four billion in cash flowing into an entity that has no cash, no growth, which has just fascinating to think about and how rare that is. Well, let's come back to that. So the IPO happens. There's some downs. We'll just gloss over here as a year later. They're actually trading under the IPO price. Things aren't going well..
"alibaba" Discussed on Acquired
"So Chinese entity cannot be owned by a foreign ownership group, especially to the tune of forty percent of the business. There's something called a variable interest entity or v. i. e. that is set up in the. Cayman Islands that is the entity that yahu and others actually own and their contractual business relationships between the Cayman Islands entity and Alibaba proper that is actually owned by Joseph and Jack Ma. So it's important as we sort of finished here the the story of Ali paid understand exactly what who owns equity in and exactly how that structure works and why it was set up and this all comes to a head pretty much immediately. So the capital that they raised at legacy baba goes back up to the new Alibaba group and is going to be used to fund continuing to build out tab and Allie pay very shortly thereafter in the beginning of two thousand eight Yahoos going through all sorts of struggles, Microsoft offers to buy yahu very publicly and this all plays out in the press. Probably most of our listeners are where we'll have to episode someday and in fact care sweatshirt does the best coverage of this. Part of part of what kind of makes the act two of her career Jack, Joe, though they're like, oh, no. Like if if Yahoo cells to Yata owns forty percent of Alibaba group, like if ya who sells to Microsoft, then what's going to happen, then all of a sudden Microsoft is going to own forty percent of Alibaba. They start freaking out and they started talking to Jerry and trying to find ways to buy back the stake that just two years earlier yacht who had invested in Alibaba. Fortunately for Alibaba, and I got to imagine perhaps it's part of this. Jerry Yang rejects the offer from Microsoft to buy yahu, but shareholders are like getting out the pitchforks. They demand Jerry Yang's resignation because like yahu itself was way overvalued by Microsoft in this position offer, but people didn't quite realize how special Alibaba was yet and how much who owned it. So Yang gets forced out and new CEO Carol Bartz comes into Yahoo and she and Jack do not get along like there's serious serious, bad blood here because Carol's brought into champion of shareholders and realized shareholder value at Yahoo. And now people are realizing through all this, like a big party, whose value is this Alibaba stake and Jackie. Joel, like I'm trying to build a company here. So this does not does not go well, and this is where the drama with Alli pay really starts. So as this is going on in China, remember there are no big consumer banks banks, yes. But like most people in the country do not have traditional consumer Bank accounts, and it becomes pretty clear that Ali pay or any of its competitors like these new pay pal like entities are going to be the way that the majority of Chinese people Bank the government, for example, this. So the government and remember now, Alibaba group is owned mostly by foreign national people and corporations SoftBank in Japan. You've got Yahoo in the US had Goldman Sachs who then sold their stake to GDP and others that Chinese government is like, this isn't gonna fly. So they start talking about passing new regulation that often entities have to be owned one hundred percent by. Chinese nationals both entities and persons which of course Ali pay technically is, but sort of spiritually isn't since they have all these contracts in place to do profit sharing with the ownership group of the Cayman entity. Right, exactly. It was not. Gonna was not gonna fly there. So while this is happening and of course Jack MAs, bickering with Yahoo and Carol Bartz Jack transfers Ali pay outside of Alibaba group into a new entity that he Joe and other other Chinese nationals control, and they transfer it for value of fifty one million dollars by any measure..
"alibaba" Discussed on Acquired
"This is where the video comes in of the top people within the company, and he's like, we're going to go somewhere. We're going to start a new product within Alibaba, where we're gonna go. We're going to go back to the apartment. Okay, that starts to come together. The comes back to the building sixteen one in the MacIntosh total. They're gonna fly the pirate flag. In the apartment complex. I believe there were seven people who started tau what would become tab now with an alley baba in this apartment. He gives this amazing speech and there's a documentary being made. And that's why the video is they're willing to. I think it's called the crocodile in the Yangtze or something like that will link to it and we need to build a official beat ac- marketplace here in China to compete with EBay, they decide that they're gonna call it tau, which literally means treasure hunt and it's completely secret totally clandestine. Nobody at Alabama knows that this is happening except for Jackson and this this skunkworks team. So they start building it and then to test it, they were like, what we can't let anybody know we're doing this, why don't we dislike start buying and selling stuff on the platform ourselves, so Jack gives is needed. He's like everybody's gotta, go home, find four things that they want to sell on the platform, bring it back and then like listen. So the list they find about stuff for sale, then they're just buying and selling stuff themselves. And then they start telling a couple people and then slowly third-party demand comes on the platform. They're still just selling their own stuff. That's kind of like a snowball rolling down a hill. It just starts building and building and building to the point where people start hearing about this new. This new site called tau. People are talking about it in Hangzhou Alibaba. Employees start coming to Jack in the lake. Jack, like we've got a new competitor. Totally totally at ease like people. You all have shares in that competitor. So he does. He finally does a big, a big corporate event doesn't announce it brings the team. Onstage announces that tau is Allie Bava at apparently like people go nuts. Totally. Awesome. Totally awesome. So they start now competing against EBay and like they start winning. So the other important thing about tau is just like Alibaba. They don't have a take rate, so they're not taking a cut of the transaction. One hundred percent of the money goes from the buyer to the seller grow pretty good way to grow. Of course, takes. Has a cut and they're, they're, they're, they're about to be our public company right now. They have pressured to definitely public company have margin here. You know, they're taking a take rate and they're having fees because as based business model and tab houses, we're not doing any of that at least for now. Yup, not doing. And indeed they like EBay goes on a total offensive because Tabas starts taking market share. EBay had basically a hundred percent market share of beat ac- of an EBay lake product in China. It drops to fifty percent within a year tau taking share EBay, Meg Whitman and a whole bunch of the senior executives at EBay. They actually moved to China for several months because they like this is so strategically important that we are going to go all in and turn this around. There's an amazing. There's an HP as case study about this of like ebays complete fiasco in China, and they're pummeling Alibaba, and the press delete. This isn't a business. This is like, you know, you're selling dollars for fifty cents and like we have. Real business. In the meantime, Meg comes over to hug Joe and meets with Jack and tries to buy Alibaba and offers one hundred fifty million for Alabama..
"alibaba" Discussed on Acquired
"Making all these things. Make it easy in China, it's ludicrously difficult to start your own ecommerce company, and so it makes tons and tons of sense to do it on another platform. It's not painfully obvious right away when you're like, oh yeah, they'll just take a cut of revenue that that's the way that these things work. Well, you got to remember to like in the US pretty much everybody at this point knows what the internet is now into the early two, thousands like businesses understand like, oh yes, the commerce platform like this is about. Case in China, like people don't know what it is and so l. liba actually the develop and still have extremely large sales force of these people that are going and knocking on doors of physical, small and medium size businesses throughout the country in the provinces all over and being like, take, we can get you more business via this thing called the internet. Don't even worry about what the internet is. At this point. Everybody knows with internet is, but back then it was like, hey, we'll just get you business. It's a super different like education in value prop sales proposition. It's interesting thing about outbound sales to education around. You should have your business on the internet totally like US based internet marketplaces like the saying is actually not true in practice, but the belief is like, oh, yeah, you don't spend money on it. Quiring supply, like supply comes to the platform because like you know, your EBay or your BNB year, whatever. And you and people like, oh, I can make money doing this. Of course, I'll join the platform and make money and then give the platform cut of the money. That's that's not how it works in China. At least at this time. So it starts working really well. Two thousand three comes around though, and they've got a challenge which is EBay has decided that they wanna be a global company. So Meg Whitman is now CEO v. bay. EBay is gone public there. We know one of these darling internet stocks, even though you know they've, they've kind of made it through the crash. Yahu is in shambles. EBay is is the new Silicon Valley star. They decide they're going to go global. They're going to come to China and how are they going to do it? They end up acquiring a company that was a competitor Alibaba called each net, but they're focused on consumers. Now now the the line in China between consumers at this point and the very small businesses that Alibaba's going after is pretty blurry. And so there's there's, you know, well, Baba's as we've said is always beat up marketplace like is actually not that some of these are very, very small businesses run by indie. Vigil people offering goods and services on the platform. It's not that much of a stretch to say like this kind of looks lake EBay in a lot of ways. Jack is now pretty worried EBay, and each net are going to start coming after them and competing with them. He decides he needs to do something about it. But the main Alibaba platform, he doesn't think is the right way to go about it because it's all the marketing and all the positioning is focused on on BB. So what does he do? He creates a skunkworks team..
"alibaba" Discussed on Acquired
"Our sponsor guest today is Eric Joe, the vice president of Asia link where he leads East Asia strategy and client relationships as open their office in China about ten years ago and. The first fifty fifty joint venture between a US Bank and a Chinese Bank, which I found pretty interesting. Eric, as we'll see on this episode Alibaba, has dramatically changed China's technology ecosystem. Can you go into a bit of detail on exactly how they've changed it and what it means for startups Alibaba sternly has drastically changed how startup ecosystem look like in China, vita means of capital injection, whether it's directly to companies or into venture Flint's, either domestically or globally. Secondly, der creating acquisition channels for early, say, Chinese tech startups. They used to rely on acquisitions by foreign tech route their corporates that is no longer true because by Syria speed, most of the Chinese early stage tech startups would find an acquisition channel that base him as fit for this bid, their business model and and be a potential acquirer down wrote and Alibaba. Certainly a one of the leading factor for that king third Alibaba's creating infrastructures. Like Ali cloud to support the earliest ecosystem and lower their start up costs, which also wasn't there ten years ago. Last Bonelli Alibaba is providing a lot of data supported in resources in connections to players iniquitous, including a government that early stage startups otherwise would not have access to. So from that perspective, they've really changed how the early stage started ecosystem is being operated in China. Thanks, Eric. If you're thinking about doing business in China, either as a fund or as a company is a great place to start. You can reach out to Eric directly by clicking the link in the show notes or in as Carris. Wisher told us, not thus lack, but slack just slack just slack. By the way, if you guys haven't clicked the Lincoln, the show notes from the Recode episode and watched cares interview a store Butterfield when slack was.
"alibaba" Discussed on Acquired
"Welcome to season three episode, five of acquired the show about technology acquisitions and IPO's. I'm Ben Gilbert, David Rosenthal, and we are your hosts today. We are continuing our quest to more deeply understand China tech with Alibaba. So before we dive in a few fun facts about Alibaba, they had the largest US-based IPO of all time. Alibaba is China's biggest tech company Alibaba market cap, even at their current scale doubled in the last year and they were valued at over half a trillion dollars earlier this year. So you think about only a few companies are racing up to a trillion and that's gotten all the news cycle Alibaba, halfway there growing very quickly, and we, we may see a new trillion dollar company here in the next next year or two. They're the number one retailer worldwide in front of Amazon or WalMart, holy crap. I don't think I knew that before researching this episode and yet through all this there a bit of a 'nigma founder Jack Ma as that we are not an ecommerce company, we enable others to become ecommerce, but they themselves don't feel that they're it's fair to have a direct comparison between them Amazon. If only if only there were like somewhere you could go. Get a really good story and understand the history and how all of this came to be. Yes. It's interesting for me Ali Bob. I think before we started doing the research was the of the big Chinese tech companies. The one that I felt like I understood the least pump to have sort of a little bit more of my hands around who the company is and how they came to be. So super excited to dive into that today. One of the hardest as you say, big Chinese tech companies to understand and yet arguably the most important one. So here we go. Here we go. Well, if you're new to the show, you can check out our slack at acquired dot FM. It's the place where David myself over sixteen hundred of our favorite listeners discuss episodes, right, right after we release them along with real time, hot takes and the biggest tech news of the day. Now before we dive in, I want to thank our fantastic sponsors for all of season three Silicon Valley Bank..
"alibaba" Discussed on HBR IdeaCast
"Economies. Ming sang is the author of smart business. What Alibaba success reveals about the future of strategy Ming. Thanks for coming on the age. It's my pleasure to talk to you as well. You maintain your book that Chinese technology company and internet company is a good place to look at where the future is going to be going and why China specifically, I, the Alibaba story is actually a general story offers a groups into future of this for everywhere. No matter where you are. What it does is right in the middle of the coal of any Konami retailing and tie-sealing logistics, supply chain. Let's all call me is about right, but also a shows how internet can transform a communist has been lacking behind the for a long time. I thought this was very interesting in the book you talked to about how China provided fertile ground for revolutionizing business because the country's business infrastructure was weak and undeveloped, and because of that internet and technology companies in e commerce companies in China, were able to really leapfrog some developments and kind of create a new system that that you say is perhaps a better glimpse of where the economy is going digital than in the United States where so many. Streets were already very mature? Yes. Odorless the forty years. After economic reform, an open door policy, China has become the largest production center for a whole word. In China Awad hand. You have watched number of customers, but only I'll hand you also have the largest.
"alibaba" Discussed on KQED Radio
"Media coverage aside one of the first things i did was restart talks with microsoft this led to an agreement in which yahoo began using microsoft's new search engine thing while being did not officially stand for but it's not google that was the perception so this was a big boost to microsoft in return yahu got favorable commissions on search ads that ran alongside being results yahu investors dislike this new deal right out of the gate they'd been hoping for a cash windfall but microsoft did not pay yahoo a lump sum yahu also lost out on all that user data tied to search and as we now know aggregating user data is really where the industry was headed your whose profits did rise but mostly because of all the layoffs parts making revenues were falling yahu just couldn't sell enough ads and there was another problem when i didn't understand correctly was the influence of alibaba alibaba if you didn't know is a massive chinese ecommerce company yahu thanks to some fortuitous early investments owned a big chunk of alibaba more than forty percent as alibaba grew yok stake in it accounted for a large share of yahoos market value bart's two years into the job got into a huge fight with jack ma the ceo of alibaba she argued that he had diminished your whose investment stake by improperly transferring some assets out of alibaba alibaba was just such a big presence hitting us constantly and that part i totally missed.
"alibaba" Discussed on BizTalk Radio
"Two bad walk once again to invest was edge i forgot to mention ebay that was a could break away gap today ebay off with a three and a half times average volume bought earnings up nine percent revenues up nine percent yeah a kind disorder done float the boats but i'm reporting to was a break away gap not every gap works okay but also of note alibaba bit a leader down twelve today volume was two and a half times average not good but earnings were up twenty five and revenues accelerated but i guess they guided not so great the fifty day moving average is down at one eighty three s so let's see what happens if it gets there are pay powell that's also been strong but that was down seven today to seventy eight bucks finishing on the ve day burnings up thirty one revenues up twenty six but was announced that ebay was no longer going to use pay powell so another big leader let's see what happens if they follow through on the downside for pay pal are and alibaba to be watched closely other areas i just wanna who else popo bitcoin guts to lauded a can today wow one the g btc has now gone from thirty eight in three quarters took thirteen dollars on eleven cents sixty five percent drop let me repeat i don't know how exactly it plays out i don't know where they get a rally it up again just don't be the last one in and if that was the high may i be a little bit blunt would each and every one of vehicles good thank you every one of those freaking asked clowns that was paraded on team the told you to buy bitcoin after was a team fold every one of these leasings slimy comey newsletter clowns.
"alibaba" Discussed on Bytemarks Cafe
"Right and since then because they have about such a captive audience within the one up now that's really where the digital wallet has really exploded right and this is where um check much we himself caught the launch of which have pay the pro harbor attack on analogy pay alley pay was launched on nine two thousand four and it basically dominated the mobile maher payments market those alibaba competitor alibaba maybe maybe give a little bit of media perspective because alibaba is one of the largest players in china and we hear quote a bit about the sort of the rise of alibaba and they have talbot now they have ali pay and hamas hottest where does sort of where does we chat sort of come into the the the picture with this big sort of dominance of alibaba are already there but number one night and as answered a question is at alibaba doesn't really have a messaging type platform more a super app like what ten cent has in we chat that that's the main difference alibaba intense and originally thin skinned look to compete with each other necessary they had their own areas as we start to see even on the western side with facebook and snapchat instagram even with things at yelp everything is starting to converge together and you start to see a lot of these questions i do you want to link this app to that app right well this is all already within we ted you don't need to do anything else right and so it has such a captive audience as very sticky.
"alibaba" Discussed on MacCast - For Mac Geeks, by Mac Geeks
"Of the store or the retailer and i would say yes but they're not doing it and apple has a vested interest in more of us using apple pay and apple pay gaining wide acceptance especially in the us and i recognize that a lot of things that i'm saying over us centric so for those eu outside the us i apologise 'cause i knew in other countries you've been doing nfc for a long time in it's pretty prolific i've also gotten a lot feedback there so we're not talking about that we're talking about the places where apple pay seems to be struggling and actually i in china i had a listener colin who email me that in china it's actually a problem because they have alley pay which is the payment system from alibaba and alibaba the company behind it offers consumers discounts for using alley pace so they they had a financial incentive to use that over another payment system i would assume that part of that agreement is that alibaba is reimbursing the retailers for that lost revenue and gin that's the kind of programme that i think apple needs to put in place they need to incentivise even if it's in the form of kickbacks some things to retailers' so that they will adopt apple pay i think it's a great way to go its part of the marketing budget apple has a ton a hand at this point uh i just question that they really really care about acceptance of aptly i think they had they think it's just going to happen naturally and my feeling is that it really isn't you know that consumer demand is going to make it happen.
"alibaba" Discussed on Quit
"So go check it out gateway one seven gateway '17 dot com enter quit on the payment page thanks very much to get we seventeen ali but baa thank you alibaba alibaba that's a good name alibaba they're huge over there baba now many times i've found something like on pinterest or something else and i'm like oh my god i need this and it's on alibaba and i'm like they have everything they've literally have everything so alibaba is a character from the um from the lake folk story alibaba and the forty thieves yes and i uh this is part of the arabian nights tales those are fun my northern and if you've ever heard the isn't a latin one of them i think it's all mixed into this because this is where our open sesame come late this is all all from that yeah so you've he's like a merchant or something and he had the gold news is open sesame is is how the cave opens up where the forty feves of hidden the treasure inside of it open sesame so the and that's where all e baba comes from i thought i when i first heard alibaba i'm the isn't the spot anymore is talking about a now i was i was i quote isn't that the story so i guess that's where came from that's cool anyway alibaba i don't know i i want to do that i wanna i wanna have a thing where i only need where the computers is tool i use you would think.