Martin Chorzempa on China’s Cashless Revolution and the Rise of Super Apps
Macro Musings with David Beckworth
00:00
What's So Fascinating About Alibaba?
Jack Moss is one of the most fascinating characters, I think in general. Jack Ma tries a bunch of things and then he starts to get success with commerce. He gets capital for making his new thing free by raising money from foreigners. And it was really risky though because there's only one major payments company in China at the time. It's a state-owned monopoly or pay union? The question is: Is it legal or not to compete with these guys?
Transcript
Play full episode
