DOCSLIB.ORG

Alibaba Series 2: a Case Study on Tmall and JD.Com Alibaba Series 2: a Case Study on Tmall and JD.Com

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Alibaba Series 2: a Case Study on Tmall and JD.Com Alibaba Series 2: a Case Study on Tmall and JD.Com Home Commentaries Macroeconomics Market Reviews Research Reports Company reports About me Resources & References Search Bill Guo Bill Guo’s Linkedin The Curious Analyst from the East 2016 January Alibaba Series 2: A case study on Tmall and JD.com Alibaba Series 2: A case study on Tmall and JD.com billgore January 10, 2016 0 Company Background (JD.com) JD.com Inc. (Chinese: Ղӳࠟउ, hereinafter as JD), formerly 360buy, is a Chinese electronic commerce company. It is one of the largest B2C online retailers in China by ୩ӳ) inڝ :transaction volume. The company was founded by Richard Liu (Chinese 1998. Its B2C platform went online in 2004. JD started as an online magneto-optical store, but soon diversiOed by selling electronics, mobile phones and computers. With its headQuarters stationed in Beijing, JD also operates subsidiaries in Shanghai, Guangzhou, Chengdu and Wuhan, located in East, South, West and Mid China. JD is a pure internet retailer, with a self-operated online business. The company ranks second in value terms in China’s online retailing (Euromonitor, 2014), combined with running a third-party platform for other merchants. JD continually seeks to diversify its products to appeal to its target customers. As of 2014, there were over 60,000 third- party sellers on JD’s online marketplaces; but the sales revenue from those third-party merchants accounts for a small proportion of the total sales (JD.com, Inc., 2015). JD runs a nationwide logistics network, operated by its own staff instead of a third- party logistics Orm, to achieve same-day and next-day delivery services for customers in different areas, with a real-time package tracking service and reliable service stan- dards. The national fulOlment infrastructure consisted of a network of 124 warehous- es, with an aggregated gross \oor area of approximately 2.2 million sQ. meters in 40 cities and 3,201 delivery stations and pick-up stations in 1,862 districts and counties across China as of December 2014 (JD.com, Inc., 2015). Company Background (Tmall.com) Tmall.com (Chinese: ॠሞ, literally translated “sky cat,” hereinafter as Tmall), a sub- sidiary of China’s largest online retailer Alibaba Group, focuses on business-to-con- sumer (B2C) online retail. Tmall was Orst introduced by Alibaba in April 2008 as Taobao Mall, a dedicated B2C platform within Alibaba’s consumer e-commerce web- site. In 2010, Alibaba launched an independent web domain, Tmall.com, to differenti- ate listings by its merchants, who are either brand owners or authorized distributors, from Alibaba’s consumer-to-consumer (C2C) merchants. In 2014, Alibaba launched Tmall Global, a platform for international brands which of- fers products directly to consumers in China. Tmall Global allows Chinese consumers access to branded products sourced and fulOlled directly from overseas. In addition, consumers may directly settle payments with the international merchant in Renminbi through Alipay, Alibaba’s international settlement service, which is the Chinese eQuiva- lent of PayPal. Tmall ranked number one among all Chinese B2C retailers in 2014 in terms of transac- tion volume, with a gross merchandise volume of 30 billion yuan – about four times the amount facilitated by JD, its closest competitor. Tmall accounts for a 61.4% share of the B2C online retail market in China, followed by JD’s 18.6% and 3.2% of Suning (iResearch, 2015). International brands that set up online stores on Tmall Global beneOt from the expo- sure to the hundreds of millions of visitors on Tmall and Taobao Marketplace (Aliba- ba’s C2C website), enabling them to establish their brand awareness in China without the need for a physical presence in China. International merchants can register, set up an online store through Tmall Global, and be able to use registered trademarks from jurisdictions of their home countries. Foreign brands on Tmall Global consist of brands from the whole world, including Costco from the U.S., Countdown from New Zealand, Lottemart and e-Mart from South Korea, RT-Mart from Taiwan, Fresta from Japan, and King Power from Thailand. Financials JD was listed in 2014 in NASDAQ. From 2010 to 2014, its revenue increased from 8,583 million yuan to 108,549 million yuan ($17,495 million) with an annul growth rate of 88.68%. During the same period, even though the net loss widened from 412 million yuan to 4,996 million yuan ($793 million), the net-loss-revenue ratio remained stable: 4.8% in 2010 and 4.6% in 2014. It is common in the e-commerce industry for start-ups to lose money for a couple of years when they Orst attempt expanding their customer bases. For example, Amazon was founded in 1994 and Orst traded publicly in 1997, but it didn’t turn a proOt until 2001. Tie back into your discussion of JD here (one summa- rizing sentence). Established in 1999, Alibaba Group turned a proOt in 2005. During the past Ove years, its revenue increased from the 2011’s 7,665 million yuan to 2015’s 62,937 million yuan ($10,153 million) with an annual growth rate of 69%. More remarkably, the net proOt increased by 15 folds to 2015’s 24,320 million yuan ($2,923 million) during this same period. Since Alibaba never disclosed the revenue earned from Tmall, Tmall’s revenue and proOt can only be estimated based on the share of its gross merchandise value (GMV) in the whole Alibaba group. Based on Alibaba’s 2014 annual report, Tmall’s rev- enue and net proOt are around 15,143 million yuan ($2,403 million) and 7,852 million yuan ($1,246 million) respectively. Products & Customers JD sells a large variety of products with 15 categories, from the common merchandise most online retailers provide, such as home appliances and books, to products and services most American online retailers don’t sell, such as insurance Quotes, fund, lot- tery tickets, fresh fruits and travel plans. JD targets young and middle-age customers who are accustomed to shopping through mobile platforms and computers. Unlike America’s established retail market, China’s modern retail market formed as late as the 1990s; as a result, there are no established retail brands like Wal-Mart, Macy’s and Nordstrom in the market. Due to the short his- tory of Chinese retail markets, Chinese customers easily embraced online shopping when e-commerce emerged in the 2000s. If comparing the penetration rate and the transaction value of online shopping between China and the United States, China’s on- line shopping market is larger and more advanced. Give example (JD). Tmall caters to online and mobile consumers looking for branded products and a pre- mium shopping experience. It is a trusted platform for consumers to buy both home- grown and international branded products unavailable from traditional retail outlets. Brands and retailers operate their own stores on Tmall’s platform with uniQue identi- ties, enabling sellers to control their own branding and merchandising. As of March 2015, there were over 140,000 brands on Tmall (Alibaba, 2015). Because of the large number of global brands and the stringent reQuirements for merchants to operate on Tmall, an online store on Tmall has become a validation of Quality, allowing merchants to take advantage of Tmall’s signiOcant trafOc to build brand awareness. Operation & Marketing Unlike Tmall, JD focuses on a self-operated online retailing business although it pro- vides an online platform for third-party merchants. By comparison, the revenue from its self-operated sector accounts for over 90% of its total revenue; although the rev- enue from the third-party merchants is increasing at an accelerated rate, it only ac- counts for less than 10% of its total revenue (JD.com, Inc., 2015). JD takes the lead in China’s Internet retailing in terms of advanced logistics system built up and operated by its own staff members; this is Quite different from Tmall, which mainly relies on third-party logistics companies. To remain competitive, JD has been improving its fulOlment infrastructure and technology platform, enriching its product offering and enhancing customer satisfaction so that it can attract new cus- tomers and new orders from existing customers. The company boasts the largest warehousing system among all Internet retailers, running seven large-scale logistics centers and 124 regional warehouses across China, with a total area of 2.2 million sQuare meters as of December 2014 (JD.com, Inc., 2015). In 2009, Tmall pioneered November 11th, known as “Singles Day” in China, as an annu- al promotional shopping day. Singles Day was established as an annual promotional event on Tmall to reward consumers through discounts. On November 11, 2014, Tmall and Alibaba’s other retail marketplaces generated a Gross Merchandise Volume (GMV) of 57 billion yuan ($9 billion) via Alipay within 24 hours. 43% of the total GMV settled through Alipay that day was attributable to mobile platforms. Sellers on Tmall and Tmall Global pay commissions based on a pre-determined per- centage of GMV for Alipay transactions that vary by product category and typically range from 0.3% to 5%. Tmall sellers also pay an annual upfront service fee—up to 100% of which may be refunded, depending on sales volume achieved by the seller within each year. Sellers also pay a security deposit to back-stop potential claims un- der Tmall’s consumer protection programs (Alibaba Group, 2015). Resources Tmall’s most important resource is its brand loyalty which is associated with Alibaba Group, China’s largest online retailer and one of the top ten global Internet enterprises. Backed by Alibaba’s aura, Tmall has rapidly increased brand awareness and won a re- markable market share.
Load more

Recommended publications
  • ICBC, Alibaba, and Ant Financial Enter Comprehensive
    ICBC, Alibaba and Ant Financial Form Comprehensive Strategic Partnership Bringing enhanced fintech and financial services to users Beijing, China, December 16th, 2019 – Industrial and Commercial Bank of China (“ICBC”), Alibaba Group (“Alibaba”), and Ant Financial Services Group (“Ant Financial”) today entered a comprehensive strategic partnership to enhance the services available to users by deepening their level of cooperation in the key areas of fintech and financial services. Under the partnership agreement, parties will work together more closely, improving the quality of fintech offerings by using smart technologies and product innovation. To take financial services forward, the partners will use their collective experience and expertise to focus on areas that include electronic payment settlement, cross-border finance, and scenario-based financial services. “Complementing each other’s strength, ICBC and the Alibaba digital economy have been working together to build a range of products. Our cooperation expands beyond payment and e-commerce to more areas including global corporate finance, scenario-based finance and financial innovation. We hope to generate more chemistry to promote innovations in Chinese finance industry and further improve the quality of finance services in the coming future,” said Chen Siqing, Chairman of ICBC. The collaboration started as early as March 2005 when Alipay and ICBC joined hands to offer online payment services to users. ICBC was the first bank in China to partner with Alipay to deliver online payments, demonstrating the bank’s innovation and inclusivity. “Alibaba Group and Ant Financial highly value our long-standing relationship with ICBC. Their commitment to building a better future has helped fuel the rapid growth of Alipay as well the broader digital economy in China,” said Daniel Zhang, Chairman and CEO of Alibaba Group.
    [Show full text]
  • The Data Behind Netflix's Q3 Beat Earnings
    The Data Behind Netflix’s Q3 Beat Earnings What Happened -- Earnings per share: $1.47 vs. $1.04 expected -- International paid subscriber additions: 6.26 million vs. 6.05 million expected -- Stock price surged more than 8% in extended trading Grow your mobile business 2 Apptopia’s data was a strong leading indicator of new growth -- Netflix increased new installs of its mobile app 8.4% YOY and 13.5% QOQ. -- New international installs of Netflix are up 11.3% YOY and 17.3% QOQ. -- New domestic installs of Netflix are down 3.6% YOY and 8.3% QOQ. Grow your mobile business 3 Other Indicators of Netflix’s Q3 2019 performance Netflix Domestic Growth YoY Netflix Global Growth YoY Q3 2018 - 19 Q3 2018 - 19 Netflix +6.4% Netflix +21.4% Reported: Paid Reported: Paid Subscribers Subscribers Apptopia +7.2% Apptopia +15.1% Estimate: Time Estimate: Time Spent In App Spent In App Apptopia +7.7% Apptopia +16% Estimate: Mobile Estimate: Mobile App Sessions App Sessions Grow your mobile business Other Indicators of Netflix’s Q3 2019 performance -- Netflix reported adding 517k domestic paid subscriber vs. 802k expected -- Its growth this quarter clearly came from international markets -- More specifically, according to Apptopia, it came from Vietnam, Indonesia, Saudi Arabia and Japan Grow your mobile business We’ve Got You Covered Coverage includes 10+ global stock exchanges and more than 3,000 tickers. Restaurants & Food Travel Internet & Media Retail CHIPOTLE MEXICAN CRACKER BARREL ALASKA AIR GROUP AMERICAN AIRLINES COMCAST DISH NETWORK ALIBABA GROUP AMBEST BUY
    [Show full text]
  • Chinese Makers Roll out Wave of Apple Watch Lookalikes 12 March 2015, Byjoe Mcdonald
    Chinese makers roll out wave of Apple watch lookalikes 12 March 2015, byJoe Mcdonald taking steps to reduce the problem. The flood of "me too" smartwatches reflects China's mix of skilled electronics manufacturers and a growing consumer market for bargain-price style. Most of the world's personal computers and mobile phones are assembled in China. But this country's own companies are only starting to develop design skills and the ability to create breakthrough products. That has led to the rise of an industry known as "shanzhai," or "mountain forts"—hundreds of small, anonymous manufacturers that quickly copy the An e-commerce website with a vendor selling the "Apple design or features of popular foreign mobile phones Smart Watch Bluetooth Bracelet" starting from 288 yuan or other products at a fraction of the price. (US$45) is displayed on a computer screen in Beijing Thursday, March 12, 2015. A month before Apple Inc.'s At least eight vendors on Taobao advertised smartwatch hits the market, China's thriving copycat watches as "Apple Watch" or "Apple Watch manufacturers are selling lookalikes, some openly lookalike." Most said they were compatible with advertised as Apple copies. (AP Photo/Ng Han Guan) Apple's iOS or Google Inc.'s rival Android operating system. A month before Apple Inc.'s smartwatch hits the market, China's thriving copycat manufacturers are selling lookalikes, some openly advertised as Apple copies. "Apple Smart Watch with Bluetooth Bracelet," says one vendor on Alibaba Group's popular Taobao e- commerce website. Photos on the vendor's page appear to be the real Apple Watch.
    [Show full text]
  • 1 Skydance Media and Alibaba Pictures Join Forces To
    SKYDANCE MEDIA AND ALIBABA PICTURES JOIN FORCES TO FINANCE AND PRODUCE FLYING TIGERS FEATURE FILM Oscar-Nominated Writer Randall Wallace to Script _____________________________________________________________________________ Santa Monica, CA and Beijing, China – April 6, 2016 – Skydance, a diversified media company that creates elevated, event-level entertainment for global audiences, and Alibaba Pictures, Alibaba Group’s entertainment affiliate, today announced that they will join forces to finance and produce a Flying Tigers feature film for global release. It has been designated by Skydance Media and Alibaba Pictures as a high-priority development project. The screenplay will be written by Oscar-nominated writer Randall Wallace (Braveheart) and the film will be produced by David Ellison and Dana Goldberg of Skydance together with a team from Alibaba Pictures. The Flying Tigers – formally known as the 1st American Volunteer Group of the Chinese Air Force – was a group of volunteer pilots from the U.S. Air Force, Navy and Marine Corps. Led by Captain Claire Lee Chennault, the group fought alongside the Chinese during World War II. The Flying Tigers project will tell the story of the unique brotherhood formed by these intrepid soldiers. “This production partnership with Alibaba Pictures on Flying Tigers marks an important next step in our strategy to expand the reach of the Skydance brand on a global basis,” said David Ellison, Chief Executive Officer of Skydance Media. “We could not be more excited to work with the incomparable Randall Wallace to bring to life the extraordinary, untold story of the great commitment and sacrifices made by this courageous group of pilots.” “Flying Tigers carries with it a rich legacy and a movie about this subject matter has been highly anticipated for a very long time,” added Zhang Wei, President of Alibaba Pictures.
    [Show full text]
  • FAANG+ UCITS Fund Is a Sub-Fund Within AQA Broad Representation of the Market, the Due to Their High Growth Potential
    + www.castlestonemanagementllc.com Fund Objective The investment objective of the Sub-Fund is to generate capital growth mainly through exposure to the development, advancement and use of technology. The Sub-Fund will be invested in global technology equities some of which are familiarised by the acronym “FAANG” defining the most well-known technology equities. Apart from the FAANG equities, the Sub-Fund will also invest in other large technology stocks. Up to 100% of the assets of the Sub-Fund may be invested in equities. Why invest in FAANG+ UCITS Growth Market Leaders in Inflows from Passive Broad Exposure to Global Story Different Sectors Investors Technology Companies FAANG+ offers exposure UCITS diversified portfolio The S&P 500 is a market FAANG+ holds names to companies that of the leading technology capitalisation weighted Index. diversified across the dominate the stocks in the S&P 500 The market cap of the Information Technology, technology sector and Index and MSCI World FAANG+ stocks represent Communication Services, have a history of strong Index. Exposure to some approximately 23% of the Financial and Consumer growth over the long- of the largest tech S&P 500 Index. This means Discretionary sectors, spread term. companies in the US, that for every $100 being throughout four global China, Taiwan, Korea, invested into the S&P 500 geographic locations. Europe. Index, approximately $23 is being invested into FAANG stocks and Microsoft. Sectors and Weightings (%) SECTORS & WEIGHTINGS (%)* TOP 10 HOLDINGS (%)* INFORMATION TECHNOLOGY
    [Show full text]
  • JD: Envisioning the Future of Retail
    N9-618-051 REV: MAY 18, 2018 FENG ZHU SHIRLEY SUN JD: Envisioning the Future of Retail After celebrating JD’s 13th birthday on June 18, 2017, Richard Liu, the company’s founder, chairman and CEO, observed the construction site outside his office window. JD was the second largest e- commerce company in China by gross merchandise volume (GMV). (See Exhibit 1 on JD’s growth over the years.) The new office building expanded JD’s headquarters in Beijing, China, and symbolized the company’s recent success. June 18 not only marked JD’s founding, it also represented a shopping festival established by the company—and had quickly become one of China’s largest online shopping festivals in addition to the massive Singles’ Day sale on November 11, originally a festival for youths to celebrate their singlehood, as represented by the date’s four single digits “11.11.” From June 1-18, JD offered special promotions followed by other online retailers. In 2017, JD amassed a $17.6 billion in total transaction volume during that period, an increase of over 50% compared to the same period in the previous year.1 As JD challenged Alibaba more directly, Liu had to decide how to generate continued growth. To him, one important competitiveness of JD lay in the company’s self-operated nationwide logistics network and developments in proprietary technologies.2 With control over fulfillment and delivery, JD was able to offer same-or-next-day delivery as a standard service for Chinese consumers, a strategy that had won customers’ hearts over the years.3 This fulfillment capability put JD in the leadership position, even when compared to its US counterparts such as Amazon.
    [Show full text]
  • March Quarter 2020 and Full Fiscal Year 2020 Results
    March Quarter 2020 and Full Fiscal Year 2020 Results May 22, 2020 Disclaimer This presentation contains certain financial measures that are not recognized under generally accepted accounting principles in the United States (“GAAP”), including adjusted EBITDA (including adjusted EBITDA margin), adjusted EBITA (including adjusted EBITA margin), marketplace-based core commerce adjusted EBITA, non-GAAP net income, non-GAAP diluted earnings per share/ADS and free cash flow. For a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measures, see GAAP to Adjusted/Non-GAAP Measures Reconciliation. This presentation contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets,” “guidance” and similar statements. Among other things, statements that are not historical facts, including statements about Alibaba’s strategies and business plans, Alibaba’s beliefs, expectations and guidance regarding the growth of its business and its revenue, the business outlook and quotations from management in this presentation, as well as Alibaba’s strategic and operational plans, are or contain forward-looking statements. Alibaba may also make forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in announcements made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties.
    [Show full text]
  • (2019). Bank X, the New Banks
    BANK X The New New Banks Citi GPS: Global Perspectives & Solutions March 2019 Citi is one of the world’s largest financial institutions, operating in all major established and emerging markets. Across these world markets, our employees conduct an ongoing multi-disciplinary conversation – accessing information, analyzing data, developing insights, and formulating advice. As our premier thought leadership product, Citi GPS is designed to help our readers navigate the global economy’s most demanding challenges and to anticipate future themes and trends in a fast-changing and interconnected world. Citi GPS accesses the best elements of our global conversation and harvests the thought leadership of a wide range of senior professionals across our firm. This is not a research report and does not constitute advice on investments or a solicitations to buy or sell any financial instruments. For more information on Citi GPS, please visit our website at www.citi.com/citigps. Citi Authors Ronit Ghose, CFA Kaiwan Master Rahul Bajaj, CFA Global Head of Banks Global Banks Team GCC Banks Research Research +44-20-7986-4028 +44-20-7986-0241 +966-112246450 [email protected] [email protected] [email protected] Charles Russell Robert P Kong, CFA Yafei Tian, CFA South Africa Banks Asia Banks, Specialty Finance Hong Kong & Taiwan Banks Research & Insurance Research & Insurance Research +27-11-944-0814 +65-6657-1165 +852-2501-2743 [email protected] [email protected] [email protected] Judy Zhang China Banks & Brokers Research +852-2501-2798
    [Show full text]
  • Supreme Court of the United States
    No. 15-1439 IN THE Supreme Court of the United States CYAN, INC., et al., Petitioners, v. BEAVER COUNTY EMPLOYEES REtiREMENT FUND, et al., Respondents. ON WRIT OF CERTIORARI TO THE COURT OF APPEAL OF THE STATE OF CALIFORNIA, FIRST APPELLATE DISTRICT BRIEF OF ALIBABA GROUP HOLDING LIMITED, GOPRO, INC., KITOV PHARMACEUTICALS HOLDINGS LTD., LENDINGCLUB CORPORATION, NOVUS THERAPEUTICS, INC., PACIFIC BIOSCIENCES OF CALIFORNIA, INC., SIERRA ONCOLOGY, INC., SNAP INC., AND XBIOTECH INC. AS AMICI CURIAE IN SUPPORT OF PETITIONERS JONATHAN K. YOUNgwOOD JAMES G. KREISSMAN SIMPSON THACHER Counsel of Record & BARTLEtt LLP SIMONA G. STRAUSS 425 Lexington Avenue STEPHEN P. BLAKE New York, NY 10017 ELIZABETH H. WHitE (212) 455-2000 SIMPSON THACHER & BARTLEtt LLP 2475 Hanover Street Palo Alto, CA 94304 (650) 251-5000 [email protected] Counsel for Amici Curiae i TABLE OF CONTENTS Page TABLE OF APPENDICES ......................iii TABLE OF CITED AUTHORITIES ..............iv STATEMENT OF INTEREST OF AMICI CURIAE .....................................1 SUMMARY OF ARGUMENT .....................1 ARGUMENT....................................4 I. CONGRESS PASSED THE PSLRA AND SLUSA AS A CHECK AGAINST ABUSIVE SECURITIES STRIKE SUITS AND TO PROMOTE UNIFORM AND CONSISTENT ENFORCEMENT OF THE FEDERAL SECURITIES LAWS ......4 II. PLAINTIFFS HAVE FLOCKED TO STATE COURTS TO LITIGATE PUTATIVE SECURITIES ACT CLASS ACTIONS .................................6 III. RESPONDENTS’ INTERPRETATION OF SLUSA HAS PRODUCED RAMPANT ABUSES AND INEFFICIENCIES IN THE LITIGATION OF SECURITIES ACT CLAIMS ............................10 ii Table of Contents Page A. State Court Actions Are Not Subject To Centralization By The Judicial Panel On Multidistrict Litigation, Thus Adding To Issuers’ Burdens .......10 B. The Pleading Standards Applied By Many State Courts Do Not Provide A Meaningful Check Against Frivolous Securities Act Litigation ...............11 C.
    [Show full text]
  • 2015 NBA ALL-STAR TECHNOLOGY SUMMIT: Gametime the Waldorf Astoria, New York
    2015 NBA ALL-STAR TECHNOLOGY SUMMIT: GameTime The Waldorf Astoria, New York FRIDAY, FEBRUARY 13 7:30 a.m. – 8:30 a.m. Registration for Tech Summit and NBA Cares All-Star Day of Service / Breakfast Buffet 8:30 a.m. – 8:45 a.m. Welcome Ahmad Rashad (Host & Executive Producer; One on One with Ahmad Rashad, NBA TV) Opening Remarks Adam Silver (Commissioner, National Basketball Association) 8:45 a.m. – 9:25 a.m. Panel I: Gaming in a Digital Universe Moderator: John King (Chief National Correspondent; Anchor, Inside Politics, CNN) Panelists Jeanie Buss (President & Governor, Los Angeles Lakers) Simon Denyer (Chief Executive Officer, PERFORM) Nigel Eccles (Chief Executive Officer, FanDuel) Dan Gilbert (Majority Owner, Cleveland Cavaliers; Founder & Chairman, Quicken Loans, Inc.) Ted Leonsis (Founder, Chairman, Majority Owner & Chief Executive Officer, Monumental Sports & Entertainment) Irina Pavlova (President, Onexim Sports & Entertainment; Alternate Governor, Brooklyn Nets) Strauss Zelnick (Chief Executive Officer, Take-Two Interactive Software, Inc.) Description How do video games, fantasy sports and other types of gaming impact fan engagement – and what, if anything, could impede the growth of the gaming industry? 9:25 a.m. - 9:40 a.m. Break 9:40 a.m. – 10:20 a.m. Panel II: The Currency of Sports Moderator: Wolf Blitzer (Lead Political Anchor; Anchor, The Situation Room with Wolf Blitzer, CNN) Panelists James L. Dolan (Executive Chairman, The Madison Square Garden Company; Chief Executive Officer, Cablevision Systems Corporation) Arne Duncan
    [Show full text]
  • Smooth Succession: Jack Ma Eases out of a Thriving Alibaba 8 September 2019, by Kelly Wang, Dan Martin
    Smooth succession: Jack Ma eases out of a thriving Alibaba 8 September 2019, by Kelly Wang, Dan Martin commerce's cutting-edge. Ma was Alibaba's driving force and a frequently irreverent ambassador for the company, known for stunts like a Michael Jackson-inspired dance at an Alibaba anniversary celebration two years ago and starring in his own kung fu short film. 'Gold standard' He is expected to retain some advisory functions. But the transition to figures like CEO Daniel Zhang, and co-founder and executive vice chairman Joseph Tsai—announced exactly a year ago—may Jack Ma is a former English teacher whose often playful prove to be the "gold standard" for tech-company image shattered the stereotype of the drab Chinese succession, said Jeffrey Towson, an equity investor executive and professor at Peking University. "He's succeeded at what Steve Jobs, Bill Gates and (Yahoo co-founder) Jerry Yang failed at, which Jack Ma steps down next week as chairman of is making themselves redundant," said Towson, Alibaba, but the start-up he built into an online who has authored books on China's leading retail behemoth is expected to keep thriving into a companies. new era thanks to a culture of innovation he helped nurture. "He built a really robust culture at Alibaba and they are still just innovating like crazy." A former English teacher whose often playful image shattered the stereotype of the drab Ma was a cash-strapped Chinese entrepreneur Chinese executive, Ma officially leaves on when he convinced friends to give him $60,000 to Tuesday, his 55th birthday.
    [Show full text]
  • From Alibaba to the NBA [Entire Talk]
    Stanford eCorner From Alibaba to the NBA [Entire Talk] Joseph Tsai, Alibaba Group 03-05-2020 URL: https://ecorner.stanford.edu/?post_type=video&p=65337 Joseph Tsai is a co-founder and the executive vice chairman of Alibaba Group, a global Internet technology company based in China. He is also the owner of the NBA’s Brooklyn Nets and the WNBA’s New York Liberty, along with several other sports and sports media companies. In this talk, Tsai tells stories and strategies from a career that has built many important bridges between China and North America. Transcript - [Narrator] Who you are defines how you build.. - I'm Tom Byers and I'd like to welcome you to the Entrepreneurial Thought Leaders Seminar series presented by STVP, which is the entrepreneurship center in the School of Engineering.. And BASES, the Business Association of Stanford Entrepreneurial Students.. We're so excited today to welcome Joe Tsai to ETL.. He's the co-founder and the executive vice chairman still of the Alibaba Group, a global Internet technology company that needs no introduction, but is based in China with a portfolio that includes about everything under the sun, e-commerce, cloud computing, digital media, and entertainment.. He joined Jack Ma and the others to incorporate the company in 1999, just over 20 years ago, and he served in a variety of leadership capacities over the years.. He's now responsible for the company's strategic acquisitions and investments, as the executive vice chairman.. I hope I got that right Joe.. And serves on its board of directors, obviously.
    [Show full text]