Are Line and Naver Durable? Can They Survive and/or Thrive Between the Digital Giants? (Jeff’s Asia Tech Class – Daily Update)

Korean Naver corporation is a confusing digital company. It’s great and it’s messed up. That makes it an interesting target for investing. There is the possibility of seeing something that others are not. On one hand, it is the leading search engine in South Korea, with +75% market share. That is fantastic. This is the […]

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Introduction to Learning Platforms, Computer Vision and Megvii (Jeff’s Asia Tech Class – Daily Update)

I have listed 5 types of platform business models: Marketplace and transaction platforms (e.g., Taobao, Meituan, Lazada) Innovation and audience-builder platforms (e.g., YouTube, TikTok, Android) Collaboration / coordination and standardization platforms (e.g., Slack, Microsoft Teams, Adobe) Payment platforms (e.g., MasterCard, Alipay) Learning platforms Here are examples of the first two. But I have not really […]

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4 Strategy Lessons from the Spectacular Rise of Sea / Shopee / Garena (Jeff’s Asia Tech Class – Daily Update)

Singapore-based Sea Limited, which runs Garena, Shopee and AirPay, is one of the biggest tech investment stories of 2020. In the first quarter of 2020, the company was trading in the $40 price range. It is now around $180, with a market capitalization approaching $100B. It has been a rocketship for investors this year. But […]

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What Ant Financial Tells Us About the Future of Square. Plus, Why The External View Is So Hard in Digital. (Jeff’s Asia Tech Class – Podcast 61)

  This week’s podcast is on Ant Financial vs. Square. And has an introduction to the inside vs. outside view and base rates. You can listen to this podcast here or at iTunes, Google Podcasts and Himalaya. Key question: What will drive Square’s growth? Common metrics for base rates: Sales growth Gross profitability (gross profits […]

What Ant Financial Tells Us About Square’s Future. (Jeff’s Asia Tech Class – Daily Update)

The market capitalization Square has exceed $100B, which makes it about 1/3 of what Ant Financial / Group was expected to list at (prior to delay). Both companies are using platform business models to invade and expand the payment and financial services space. Fortunately, Ant is further along this trajectory and offers some interesting insights […]

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The Pros and Cons of Farfetch’s Global Luxury Marketplace (Jeff’s Asia Tech Class – Daily Update)

In my previous article on Farfetch, I asked the question of whether Alibaba or another Chinese company might buy the company – and at what price. And I did a brief introduction on Private Market Value (PMV). Which is basically a take-over price. Is Alibaba (or Another Chinese Company) Going to Buy Farfetch? (Jeff’s Asia […]

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Airbnb’s Valuation Depends on Asia and Its Super-Apps (Jeff’s Asia Tech Class – Daily Update)

Airbnb is heading for its IPO. Their numbers are public and it’s pretty much what we expected. Airbnb is a simple marketplace platform that is growing and close to operating profitability (pre-Covid). And lots of people are having fun doing valuations this week. If you’re curious, here is NYU valuation professor Aswath Damodaran’s valuation. His […]

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