Evidence receipt / belief
Published · transcript-backedDavid Rosenthal: belief
16 Jul 2020 Acquired Pinduoduo
“I would say at this point in time, Alibaba’s various properties—the equivalent is Amazon plus eBay rolled together in China.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 16 Jul 2020
- Publisher
- Acquired
- Episode
- Pinduoduo
Transcript context
…We should underscore something that's going to be an important point that we keep revisiting. When you say Taobao and Tmall, those are products by Alibaba. Alibaba started getting this B2B ecommerce and then got into consumer ecommerce where they were selling directly to consumers in China with Tmall. Think about it like a mall with really high-end brands, and they wanted to keep that in its own separate ecosystem. Taobao is more like eBay. Does that seem like the right comp to you? Yeah, that seems right. I would say at this point in time, Alibaba’s various properties—the equivalent is Amazon plus eBay rolled together in China. We're now in probably 2012 timeframe, and people are talking about Alibaba going public, which they would in—was it 2014? And it was the largest IPO of all time. And the largest IPO.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.