Sacks: Harris and Walz couldn't survive 20 minutes of intense media questioning
“I don't think they could survive 20 minutes of harsh questioning the way that the media pitches at JD every time he goes on a campaign stop and takes questions or he goes on a Sunday show.”
Xu: JD moved ahead of Amazon by building proprietary distribution centers
“He's doing e-commerce, but he's one step ahead than Amazon, because when JD started the business, when we give him the money, he did two things. Number one, he expand the category. Number two, he build the distribution center. Amazon didn't have distribution c…”
Xu: 80% of early JD customer complaints stemmed from poor courier delivery
“Like, 80% of customer complaint come from one thing and one thing only. So they didn't trade our parcel nicely. They're very late. So Richard decided to build the distribution center himself.”
Xu: Consumer subsidies fail to build e-commerce loyalty against supply chain excellence
“You burn so much money used for subsidy to the customer. Do you think the customer is going to be royal to you? Of course not. They will choose whoever is the cheaper, better. So at the end of the day, it's a competition of supply chain, competition of logisti…”
Li: Chinese platform fines targeted exclusive vendor lock-in agreements
“So if you're a supplier to Alibaba, you can't go on Pinduoduo or JD. They would sometimes make you sign an inclusive, exclusive agreement with them, which would be very, you know, anti-competitive in most parts of the world. But they've managed to sort of have…”
Hans Tung: Alibaba and JD.com Control Over 90% of Chinese E-Commerce
“I, fortunately we have that perspective being in China where Alibaba with Taobao and Tmall owns 80% of market share in e-commerce and JD has another over 10% market share in e-commerce.”
DST launched in 2009 with Facebook and expanded globally in 2011
“At that time, when, even before I had joined, you know, Yuri already had the vision of being global, which was a crazy idea at the time, and so we got started with DST only in, like, mid-二-thousand-nine or so, with a Facebook investment, and then we truly went…”