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Alex Moazed – Building Modern Monopolies - [Invest Like the Best, EP.25]
Invest Like the Best with Patrick O'Shaughnessy
The Lessons From Ali Baba's Model in China
In the chinese market, when you're talking about connecting buyers and sellers, the idea of haggling on price is pretty much table stiks. Ali baba kind of stumbled upon this idea of saying, let me just let my sellers advertise to my buyers. And they actually created kind of like agogle edward's esk model, which was much more profitable than what ebe or even amazon had by taking a cut of the transaction. But it all really started with saying, i'm going to make this simple. I want people to transact and just keep coming back again and again.
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