Jerry Yang of Yahoo: Why I Believed in Alibaba

Sinica Podcast

Kaiser Kuo

Culture, China News, Hangzhou, Chinese, International Relations, Chongqing, Beijing, Sichuan, Currentaffairs, China, Politics, Chengdu, Shanghai, Guangzhou, China Economy, News, China Politics, Business, Film, Shenzhen

4.8 • 676 Ratings

🗓️ 17 January 2018

⏱️ 84 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week on Sinica, we bring you a special preview of a new podcast called 996 Podcast with GGV Capital, which we are very excited to co-produce. Subscribe to the 996 Podcast here on iTunes, and here on Stitcher. GGV Capital’s Hans Tung and Zara Zhang interview Jerry Yang, the founder and former CEO of Yahoo, who orchestrated arguably the best deal in tech history: In 2005, he arranged for Yahoo to invest $1 billion for a 40 percent stake in fledgling Chinese ecommerce site Alibaba at a post-money valuation of $5 billion. Today, Alibaba is worth almost half a trillion dollars. During the interview, Jerry conducts a postmortem for Yahoo’s China strategy, and offers advice for U.S. tech companies looking to expand into China. We’d love to hear your feedback! Please send comments and suggestions to [email protected]. GGV Capital also produces a weekly email newsletter in English, also called “996," which has a roundup of the week's most important happenings in tech in China. Subscribe at 996.ggvc.com. The 996 podcast is brought to you by GGV Capital and co-produced by the Sinica Podcast. On this show, we interview movers and shakers of China's tech industry, as well as tech leaders who have a U.S.-China cross-border perspective. GGV Capital is a multi-stage venture capital firm based in Silicon Valley, Shanghai, and Beijing. It has been partnering with leading technology entrepreneurs since 2000 from seed to pre-IPO. With $3.8 billion in capital under management across eight funds, GGV invests in globally minded entrepreneurs in consumer internet, ecommerce, frontier tech, and enterprise. GGV has invested in over 200 companies, including Airbnb, Alibaba, Ctrip, Didi, Domo, HashiCorp, Hellobike, Houzz, Keep, Slack, Square, Toutiao, Wish, Xiaohongshu, YY, and others, with 29 IPOs and 22 unicorns to date. Find out more at ggvc.com. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	Hey there, cynical listeners. We are very excited to bring you today a new podcast that I'm co-producing with our friends at GGV Capital. GGV is a Sandhill Road VC with a long history of very successful investing in China. The podcast is called 996, and you'll understand why shortly. It's hosted by Hans Tong, a partner at GGV and a super knowledgeable technologist himself,
0:23.9	and by Zara Zhang, who is an investment analyst at the firm and a former tech reporter who is
0:29.8	very, very smart. The show is going to be out every other week, but this week we are launching
0:35.0	the first four episodes. First up is Jerry Yang,
0:39.2	co-founder and former CEO at Yahoo, who has been actively involved in the China tech scene
0:44.3	for a very long time. He, of course, was the person who engineered the deal with
0:48.4	Alibaba. It's an extraordinary interview, and whether you are a techie yourself or an entrepreneur
0:53.6	or a China watcher or an investor, you're going to get a techie yourself or an entrepreneur or a China
0:54.3	watcher or an investor, you're going to get a lot out of this one, I promise. And stay tuned for more.
0:59.3	We've got Li Wujun, who headed strategy for Uber in China and is now a senior VP at Bight Dance,
1:05.8	the company that produces the AI-powered news provider Tautiao. We've got the AI Maven, Andrew Eng,
1:11.9	who used to be at Baidu,
1:13.1	and the eminence Greece of the China tech world,
1:16.7	the legendary Kai Fu Li.
1:18.8	Enjoy the podcast.
1:19.8	And if you like it, please subscribe.
1:22.3	Take care.
1:31.9	Ladies and gentlemen, welcome to your Beijing.
1:34.3	Hello to your podcast.
1:41.5	Now the local time is 6 o'clock in the Newland.
1:43.1	Hi there.
1:49.7	Welcome to the 996 podcast, brought to you by GGB Capital and co-produced by the Seneca podcast.
	...

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