Weee!: Larry Liu

How I Built This with Guy Raz

Guy Raz | Wondery

Business

4.8 • 31.1K Ratings

🗓️ 18 March 2024

⏱️ 92 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you told 19-year-old Larry Liu that his hobby re-selling used electronics “for fun” would someday help him build a multi-billion-dollar company, he probably would have laughed. He was an electrical engineering student in Shanghai at the time. His goals were to land a corporate job and go to grad school in the U.S. He did both, starting with a job at Intel. But his passion for e-commerce stayed with him through his MBA and other corporate jobs. And when he moved to Northern California, Larry noticed other Chinese immigrants using WeChat to source what they needed locally - even organizing in groups to buy familiar foods and products. Larry immediately saw this as a business opportunity. And in under ten years, after facing down bankruptcy and re-orienting his business, Larry grew his e-commerce platform Weee! into a company now valued at over $4 billion.

This episode was produced by Kerry Thompson with music composed by Ramtin Arablouei.

It was edited by Andrea Bruce with research help from Katherine Sypher.

Our engineers were Gilly Moon and Josh Newell.

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Transcript

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0:00.0	Wundery Plus subscribers can listen to how I built this early and ad free right now.
0:05.0	Join Wundery Plus in the Wundery App or on Apple Podcasts.
0:10.0	This episode is brought to you by Pipe Drive, the easy and effective CRM for closing more deals and driving small business growth.
0:18.5	We're driven by the search for better.
0:21.0	But when it comes to hiring, the best way to search for a candidate isn't
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0:52.3	jobs more visibility at
0:54.4	Indeed.com slash how I built. Indeed.com slash how I built.
0:59.8	Terms and conditions apply. Need to hire? You need indeed. What do I do? What do I say? What do I say? What do I say?
1:07.4	What do I say? In the McMillan online community we know what it's like to have cancer, because we have it too.
1:15.0	So, whatever you're thinking, whatever you're feeling, whatever you need to ask about
1:22.0	cancer, whatever the time of ask about cancer,
1:22.8	whatever the time of day or night,
1:25.8	we'll do whatever it takes to help you.
1:29.6	To join us, search Macmillan online community.
1:34.0	Hey, it's Guy here, and before we start the show,
1:38.0	I want to tell you about a super exciting thing.
1:41.0	We are launching on how I built this. So if you own your own
	...

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