Alibaba could only happen in China: Bonderman

TPG’s David Bonderman on Alibaba, Modi euphoria and taper tantrums.

Alibaba could only happen in China: Bonderman
David Bonderman, TPG

US private equity TPG’s co-founder David Bonderman said Chinese tech start-ups have an advantage due to the country’s huge consumer market and governments should stay out of the way of his US start-up Uber. 

His comments come in the wake of Alibaba’s $25 billion IPO, the world’s largest ever.   

“It is a very very large market, you could not do in the West what Alibaba has...

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