Sinica Podcast: Jerry Yang of Yahoo on why he believed in Alibaba
This week’s Sinica is now live. Listen to it here.
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.
