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04/05/20
17:25
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Originally posted by KirbyMuxloe:
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China moves way too fast for you to cruise your way around the mature markets for a decade and then expect to swing into China. If it isn't near the beginning of the roadmap then you can forget China anyhow. India is different and I wouldn't equate the two. Anyone who puts these 2 into the same basket doesn't know China or India or both. Tencent's solution is not like Afterpay - they charge interest, like Affirm does. I can still see an opportunity. More to the point Tencent owns stakes in SEA including Shopee which is Singapore/Malaysia/SE Asia's top eCommerce site. That is definitely an immediate opportunity. Developing world is completely leapfrogging developed world in eCommerce adoption. I understand why some of you might be reticent about prioritising these markets but there are good reasons to consider at least. KM
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I don't want to bet the company on chinese success. There is enough in the rest of world to make money off. Uber had similar issues in China and India. They are more similar than you think. For every Didi there is an Ola. I guess China is a more liberal economy than India.