2010
Meituan raised $12 million from Sequoia China in early 2010 and about $50 million from Alibaba in early 2011.
“So right off the bat, they raised $12 million from Sequoia, China when they launched in early 2010.”
Topic
Alibaba Group
9 facts from 5 episodes, in date order. These are what speakers said on the shows, each linked to the moment it was said. They aren't independently verified.
2015
Alibaba sold its entire stake in the merged Meituan-Dianping for $900 million and invested $1.25 billion in Ele.me for a 25% stake.
“So Alibaba sells their entire stake in Meituan Dianping for $900 million”
2015
Brad Stone says Amazon's push to bring Chinese sellers onto its Marketplace was inspired by Alibaba's AliExpress and by Wish.com.
“they are quote-unquote inspired, their eyes opened by two companies. One, Alibaba is expanding AliExpress with this idea that the sellers”
2018
In April 2018 Alibaba acquired the rest of Ele.me for $9.5 billion, which the hosts describe as the largest China tech acquisition at that time.
“Alibaba buys the rest of the company, does a wholesale acquisition of Ulama for $9.5 billion”
2021
Meituan's market cap reached about $300 billion in February 2021, making it China's third-largest tech company behind Tencent and Alibaba.
“By February of this year, just a couple of weeks ago of 2021, hits $300 billion market cap”
2021
Alibaba received a fine of $2.8 billion from Chinese antitrust authorities for abusing its market position, according to Ray Ma.
“some of them, like Alibaba, who recently received the massive $2.8 billion fine, were really abusing their positions.”
2021
Alibaba invested in Xpeng and Meituan invested in Li Auto, and both are among three publicly listed Chinese EV makers alongside NIO.
“Alibaba also invested in Xpeng. And then Meituan invested in Li Auto, which are the three publicly listed Chinese EV companies.”
Undated
ByteDance never took investment from Tencent or Alibaba, unlike many other Chinese tech startups.
“somehow that company has never taken investment from Tencent or Alibaba.”
Undated
Amit Joshi says Alibaba's AI lets vendors on its B2B platform generate marketing images and descriptions for products they could not previously afford to promote.
“What I can now do is I can use Alibaba's AI to create marketing material, images, descriptions, et cetera, for the remaining forty-five.”
Episodes