21–30 of 81 posts
Many thanks to the lopsided high skilled immigration rules, combined with China focused VCs, a lot of reverse brain drain to China has lead to this. Imagine if every Masters or a PhD grad was given a green card. US would still have been a leader in tech (at least wrt VC spending metric)
Earlier quoted context omitted.
Why would a company with such massive revenue need to bring in so much external capital? Wouldn't the current stakeholders be better off keeping more of the pie?
Keep in mind $9 billion in sales is not quite massive revenue in the pool that Ant is now swimming. Their financial footing is not nearly so large as their scale of processing, they've only begun generating meaningful profit in the last year or two. Google is at $110 billion in sales, JP Morgan is at $94 billion, those are massive. The dilution of current stakeholders is intentional. I believe it was required by Chin…
For a Westerner, you seem to be rather perceptive of such things. The wording for "instant billionaires" among CCP members is "the new class."
It doesn't take long to guess that they freaking hate and loath anybody passing as a successful person and Jack Ma is the prime example of one. Just how full of bile they are.
Many thanks to the lopsided high skilled immigration rules, combined with China focused VCs, a lot of reverse brain drain to China has lead to this. Imagine if every Masters or a PhD grad was given a green card. US would still have been a leader in tech (at least wrt VC spending metric)
Many thanks to the lopsided high skilled immigration rules, combined with China focused VCs, a lot of reverse brain drain to China has lead to this. Imagine if every Masters or a PhD grad was given a green card. US would still have been a leader in tech (at least wrt VC spending metric)
Earlier quoted context omitted.
Ant Financial has been involved in some very dodgy crowd funding schemes (though it is definitely the least dodgy of the bunch), the government has a right to be weary of them.
Any source? I'm genuinely interested
If it were to be classified as a bank, it will have to be instantaneously closed down for violating just every banking regulation China has.
And this is the true contention point, if they were to close Ant or arrest Ma with his Robin Hood image, it will be extremely unpopular.
Good luck and have fun with that. Double up on your due diligence there, as lies abound and there are no rules.
>>>In early June, news broke that Ant Financial, an electronic payments service company affiliated with Alibaba, had raised a staggering $14 billion in what’s technically a Series C round. To date, it’s the largest venture funding round in history. Led by Temasek Holdings and GIC (a Singaporean sovereign wealth fund), the round reportedly values Ant Financial at $150 billion. For perspective, that’s roughly twice Ube…
One of the reasons US-based startups grow so quickly is that the ones with traction here tap into a (relatively) homogeneous 300+ million market. A Chinese company with similar market share potential has tapped into about 4X that market. Growth rate is much faster in such a market, as opposed to global growth that has to deal with diverse sources of friction (e.g. Uber's challenges in London, Paris, etc. vs in the US…
[1] https://pitchbook.com/news/articles/vision-fund-101-inside-s... //
[2] https://www.nature.com/articles/s41598-018-23948-5.pdf //
Earlier quoted context omitted.
One of the reasons US-based startups grow so quickly is that the ones with traction here tap into a (relatively) homogeneous 300+ million market. A Chinese company with similar market share potential has tapped into about 4X that market. Growth rate is much faster in such a market, as opposed to global growth that has to deal with diverse sources of friction (e.g. Uber's challenges in London, Paris, etc. vs in the US…
I'm curious about how much of the considerable Chinese population is actually available to market tech products to. Something tells me comparing the populations straight up is misleading.
Totally agree: once chosen by the Communist Party, a company is likely to enjoy state-sanctioned monopoly status. Not only will they have access to the entire population, the population may have no access to any other service provider in the same sector.