The Ledger, every show
Every statement that passed quotation and attribution checks, across all 44 shows. Pick shows below, then mix any filter with any other.
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every show 44 of 44
Liu: Automated e-commerce price arbitrage remains viable across platforms today
“You can still do that today, and you can do, like, even more, right? So now there are, like, cross-border companies. You can actually scrape those companies and list down on eBay.”
Liu: Goodwater Capital owned over 50% of Weee! by late 2018
“So, so by the end of 2018, they ended up owning more than 50% of the business.”
Liu: Typical E-Commerce Companies Spend $50 to $100 Per Customer on Ads
“People, other e-commerce companies spend probably 50 to a hundred dollars to Google and Facebook to acquire a new user, right?”
Liu: EachNet Was the Only E-Commerce Platform in Early 2000s China
“We have never seen this kind of thing before, and there was no e-commerce in China. Only each net.”
Liu: Automated arbitrage side venture reached $2M in sales with >10% profit
“So at its peak, we were doing about two million dollars in sales and a little more than 10% net profit.”
Liu: A WeChat mom generated $10,000 overnight in seafood group orders
“I remember one night, a mom in the group posted some information. She said, oh, I went to this harbor called Half Moon Bay. There was a fisherman's market, right? She said, I talked to this fisherman because I really liked the fish, the Pacific black cod. And …”
Liu: US Chinese immigrants organically organized WeChat grocery group buys in 2014
“So, so first of all, I saw this happening in many different groups, right? Not just this one group. And also, I talked to my friends in other cities in the US. People were doing this in Boston. People were doing this in Seattle. So Chinese immigrants were doin…”
Liu: Weee! reached tens of thousands of users by mid-2015
“So we released the software. I remember it's January of 2015. By mid-two 1015, we had tens of thousands of users already using our software to organize group buys.”
Liu: Hotmail co-founder Jack Smith wrote Weee!'s first $250,000 check
“He committed to write the first check we ever received, a 250,000 dollars, because he really liked the scrappiness and the creative ways that we approach this.”
Liu: Over 99.5% of early Weee! users used Chinese language app
“More than like, 99.5% of the users actually use Chinese language on our application, so almost all Chinese immigrants.”
Liu: Weee! had under $1 million left by mid-2017
“By mid of 2017, we were running out of money. We had less than one million dollars left.”
Liu: Personally Delivered Over 1,000 Orders to Build Weee!'s Logistics Software
“I delivered more than a thousand orders myself. Because I had to figure out how to do delivery, how to write the software that, how to design the driver experience, and how to figure out the delivery part.”
Liu: Weee! Reached $500,000 Per Week in Sales by Late 2018
“A year and a half later, we were doing half a million dollars a week in sales.”
Liu: The Three Early EachNet Sellers Became Weee!'s Co-Founders
“At the time, three of us, actually all, now they are all the co-founders of We. So that was like more than 20 years ago. Three of us, we were just having fun.”
Liu says eBay side business made $30K to $50K annual profit
“It's probably between 30 to 50 grand a year at the time.”