Season 3, Episode 5: Alibaba
Acquired
What's Going on With China Market?
In 97, the Chinese government launched a site that would allow producers of commodities to list their goods for sale on this site. But because it's a government agency, you have to go through both buyers and sellers. Have to go through an insane amount of bureaucracy just to get on to the site. At the same time, yahu, which we referenced earlier, has just gone public. They are like the world, you know, inernet, darling,. everybody in America is crazy about yahu at this point.
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