Alibaba could only happen in China: Bonderman

TPG’s David Bonderman on Alibaba, Modi euphoria and taper tantrums.
David Bonderman, TPG
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 done here. It’s just not possible there is too much infrastructure,” said Bonderman at the SuperReturn private equity conference held in Hong Kong.

“China is second only to the US in...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222