1) Let's talk about social-commerce, limitations of growth for a community and why there is no good Chinese Instagram equivalent.
In modern China, XiaoHungShu aka Little Red Book aka RED is no longer the Mao manifesto, but rather a shopping app.
1) Perception that foreign goods are of higher quality
2) Cheaper prices for equivalent goods relative to China as no import tax
3) Verified authenticity
1) It's a defensible moat
2) There's enough traffic in Chinese e-commerce to justify the investment
3) It's a more frictionless buying experience
Every Chinese tech companies' core competence is to make money.
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Watch the entire discussion if you have the time to do so. But if not, please make sure to watch Edhem Eldem summarizing ~150 years of democracy in Turkey in 6 minutes (starting on 57'). And if you can't watch it, fear not; I've transcribed it for you (as public service). Thread:
"Let me start by saying that I am a historian, I see dead people. But more seriously, I am constantly torn between the temptation to see patterns developing over time, and the fear of hasty generalizations and anachronistic comparisons. 1/n
"Nevertheless, the present situation forces me to explore the possible historical dimensions of the problem we're facing today. 2/n
"(...)I intend to go further back in time and widen the angle in order to focus on the confusion I believe exists between the notions of 'state', 'government', and 'public institutions' in Turkey. 3/n
"In the summer of 1876, that's a historical quote, as Midhat Pasa was trying to draft a constitution, Edhem Pasa wrote to Saffet Pasa, and I quote in Turkish, 'Bize Konstitusyon degil enstitusyon lazim' ('It is not a constitution we need but institutions'). 4/n
https://t.co/1GtPJaxi1H - Ka\xe7\u0131rmay\u0131n bu muhte\u015fem Bo\u011fazi\xe7i hocalar\u0131 ge\xe7idini !
— dilek cinar (@dlkcinar) February 16, 2021
"Let me start by saying that I am a historian, I see dead people. But more seriously, I am constantly torn between the temptation to see patterns developing over time, and the fear of hasty generalizations and anachronistic comparisons. 1/n
"Nevertheless, the present situation forces me to explore the possible historical dimensions of the problem we're facing today. 2/n
"(...)I intend to go further back in time and widen the angle in order to focus on the confusion I believe exists between the notions of 'state', 'government', and 'public institutions' in Turkey. 3/n
"In the summer of 1876, that's a historical quote, as Midhat Pasa was trying to draft a constitution, Edhem Pasa wrote to Saffet Pasa, and I quote in Turkish, 'Bize Konstitusyon degil enstitusyon lazim' ('It is not a constitution we need but institutions'). 4/n