GGV Capital’s Hans Tung and Zara Zhang interview Jerry Yang, 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% 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 post-mortem for Yahoo!’s China strategy, and offers advice for US tech companies looking to expand into China.
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 US-China cross-border perspective.
GGV Capital also produces a weekly email newsletter in English, also called “ 996,” which has a roundup of the week’s most important happenings in tech in China. Subscribe at 996.ggvc.com.
GGV Capital is a multi-stage venture capital firm based in Silicon Valley, Shanghai, and Beijing. GGV has invested in over 280 companies with more than 30 companies valued at more than $1 billion. Portfolio companies include Airbnb, Alibaba, Ctrip, Didi, Hellobike, HashiCorp, Houzz, Keep, Opendoor, Slack, Square, Toutiao, Wish, Xiaohongshu, and YY. Find out more at ggvc.com.