Evidence receipt / evaluation
Published · transcript-backedDavid Rosenthal: evaluation
16 Jul 2020 Acquired Pinduoduo
“A major shareholder in Snap, DiDi, and Meituan Dianping. But I think you could make an argument that now it’s about 17% ownership that they have in Pinduoduo is maybe their most important stake in the whole portfolio.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- evaluation
- Recorded
- 16 Jul 2020
- Publisher
- Acquired
- Episode
- Pinduoduo
Transcript context
…It's like navel-gazing research. Yes, seriously. We've now reached the point where one of our sources for Acquired is Acquired. Tencent, if you recall from that episode, are in many ways in such a dominant and good position—not just in China, but around the world—as the owner and operator of WeChat, which is the dominant social platform in China, but also major shareholders in Epic Games, which makes Fortnite. They're one of the largest shareholders in Tesla. They own League of Legends. A major shareholder in Snap, DiDi, and Meituan Dianping. But I think you could make an argument that now it’s about 17% ownership that they have in Pinduoduo is maybe their most important stake in the whole portfolio. Because if you recall back from our old episode, what were their weaknesses? The flanks that were exposed for Tencent were to ByteDance (most specifically) in terms of its social dominance. Who, of course, makes TikTok.…
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