Alibaba Launches a Horizontal Attack on Education; Mutual Aid Finally Cracks Digital Health (Jeff’s Asia Tech Class – Daily Lesson / Update)

There was a fascinating announcement from Alibaba. From CX Tech: “E-Commerce Giant Taobao Steps Into China’s Online Education Market” “Taobao, an e-commerce platform owned by Alibaba, is seeking to penetrate China’s already crowded online tutoring market with a massive plan aimed at connecting more than 1,000 online education service providers with 100 million new students […]

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How Should Education Companies Like New Oriental Respond to AI Digital Natives Like LAIX? (Jeff’s Asia Tech Class – Podcast 35)

In this class, I go into the how digital native education companies like LAIX are challenging traditional companies like New Oriental. You can listen here or at iTunes, Google Podcasts and Himalaya. Which of the 6 Digital Superpowers does LAIX have? If any. Dramatically transform the user experience Enable a platform business model Network effects […]

Luckin Coffee Is a Fraud? Why Nobody Is Surprised. (Daily Update – Jeff’s Asia Tech Class)

The big news yesterday was that Luckin Coffee has disclosed an internal investigation into fabricated sales for 2019. From CNBC: Luckin Coffee disclosed Thursday that an internal investigation has found that its chief operating officer fabricated 2019 sales by about 2.2 billion yuan ($310 million).Shares cratered more than 80% in premarket trading after the release […]

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Why Asia and Meituan Are Better At Food Delivery, Tencent’s Awesome Financials (Daily Lesson – Jeff’s Asia Tech Class)

Two topics for Today’s Update / Lesson. Tencent Quarterly Results Are Awesome, Yet Again It’s almost boring how these digital giants keep putting up fantastic numbers. Numbers that any other business would dream of. Most businesses are long, hard slogs where you struggle and struggle. Margins are usually small. And growth is difficult and expensive. […]

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Tencent’s China Literature Biz, UGC as IP, and a Really Clever Audience Builder (Daily Update – Jeff’s Asia Tech Class)

This past week, I’ve been talking about TikTok and Alibaba’s Tudou-Youku as examples of “audience builder” digital platforms. These are +2 sided platform that connect content creators (who want an audience and other things) with viewers (who want entertainment or other types of content.) And I’ve argued that audience builders are actually more fluid and […]

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