Hey, I don't remember him talking about Meituan but he did invested in Doordash which I guess he is more comfortable with at least from the geographical point of view. This statement certainly fit into the food delivery business. I guess food delivery in China can be very competitive and we will see if BABA or JD can break into Meituan stronghold. （hint: there are some cracks from what i see)
Thanks for sharing. BABA has struggled to replicate those "human, operationally painful to copy" advantages for nearly a decade. Look forward to seeing how this rematch plays out.
You are right. The biggest different this time is that they are more serious and they realised that they could used the food delivery business to supercharge their e-commerce business. We shall see.
"The most durable advantages are slow, human, and operationally painful to copy and that’s exactly why they endure."
Does he share any thoughts about MEITUAN, a food delivery company in China, which sounds like a perfect match to this statement?
Hey, I don't remember him talking about Meituan but he did invested in Doordash which I guess he is more comfortable with at least from the geographical point of view. This statement certainly fit into the food delivery business. I guess food delivery in China can be very competitive and we will see if BABA or JD can break into Meituan stronghold. （hint: there are some cracks from what i see)
Thanks for sharing. BABA has struggled to replicate those "human, operationally painful to copy" advantages for nearly a decade. Look forward to seeing how this rematch plays out.
You are right. The biggest different this time is that they are more serious and they realised that they could used the food delivery business to supercharge their e-commerce business. We shall see.
Thanks for this one, really appreciate reading about lesser-known successful investors.
Glad you like it