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.
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The 996 podcast is brought to you by GGV Capital and co-produced by the Sinica Podcast. On this show, we interview movers and shakers of China’s tech industry, as well as tech leaders who have a U.S.-China cross-border perspective.
GGV Capital is a multi-stage venture capital firm based in Silicon Valley, Shanghai, and Beijing. It has been partnering with leading technology entrepreneurs since 2000 from seed to pre-IPO. With $3.8 billion in capital under management across eight funds, GGV invests in globally minded entrepreneurs in consumer internet, ecommerce, frontier tech, and enterprise. GGV has invested in over 200 companies, including Airbnb, Alibaba, Ctrip, Didi, Domo, HashiCorp, Hellobike, Houzz, Keep, Slack, Square, Toutiao, Wish, Xiaohongshu, YY, and others, with 29 IPOs and 22 unicorns to date. Find out more at ggvc.com.