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Quote by Peter Thiel

“I think China thinks information technology is less important than we think it is in the US, economically, and more important politically. And so Chinese internet companies are extremely political, they're protected behind the great firewall of China, and investment in Alibaba is good as long as Jack Ma stays in the good graces of the Chinese communist party. Alibaba is largely copying various business models from the US; they have combined some things in interesting new ways, but I think it's fundamentally a business that works because of the political protection you get in China.”

Quote by Peter Thiel

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Peter Thiel
Peter Thiel

Peter Thiel is a prominent entrepreneur and venture capitalist, co-founder of PayPal, and a key figure in the tech industry. He is known for his early investment in Facebook and his role in shaping the modern venture capital landscape. more

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