Ant Group, Intimates, & The $1B+ Club: Klaviyo

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 28 December 2020

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This year has been painful for many businesses, but some tech-focused startups have managed to thrive amid the pandemic. In the $1B+ Club series debut, founder and CEO Klaviyo, Andrew Bialecki, shares how his marketing automation platform quintupled its valuation to $4.15B in the last 10 months. Ping Li, venture capitalist who led Accel’s investment in Klaviyo, discusses how Klaviyo joins a healthy cohort of e-commerce platforms, and highlights how Klaviyo has helped many struggling businesses pivot to online commerce after the pandemic closed their brick and mortar locations. Chinese regulators have ordered Ant Group, the world’s largest financial technology company, to rectify its businesses and comply with regulatory requirements amid increased scrutiny of anti-monopoly practices in the country’s internet sector. Plus, 11th hour changes to stimulus plans...and the most *intimate* holiday returns.

Transcript

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0:00.0	This is Squawk Pod. I'm C. NBC producer Cameron Costa. Today on our
0:06.4	podcast we're headed for the unicorn stables. In the roller coaster year that was
0:11.7	2020 some businesses managed to survive and even thrive amid the pandemic.
0:17.0	It's the debut of Squack's Billion-D-plus Club series.
0:21.0	Clay Vio CEO Andrew Bialcky on how his company quintupled its valuation over the last 10 months and how
0:27.3	he's helping brick and mortar businesses pivot for survival.
0:31.4	Between March and the end of the year, a number of customers, a number of brands building
0:35.0	on Caledia doubled.
0:37.0	Chinese regulators are turning the heat up on the world's biggest FinTech firm, Alibaba's
0:42.1	ant group. If you look at the financial technology companies here, they're biggest FinTech firm, Alibaba's Ant Group.
0:42.8	If you look at the financial technology companies here, the payment systems,
0:45.8	they're going around the regulated banks and that's not necessarily well received in China at this point.
0:51.4	Plus, 11th hour changes to the American stimulus
0:54.8	and have you made all your holiday returns yet?
0:58.2	CMBC's Frank Holland says a lot of shoppers have,
1:01.2	but they're not the returns you'd expect.
1:03.5	Sometimes when you get at home, it's just like, eh, it doesn't look the way I thought it was
1:06.6	going to look, it doesn't fit the way I thought it was going to fit.
1:08.6	Joe, I know that you're thinking the furniture and underwear and indemits.
1:11.4	Same problem. It's Monday, December 28th, 2020.
1:15.4	I'm told and you can check my math that 2020 ends this week. We made it.
1:20.6	Squawkpad begins right now.
	...

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