Online Class Notes (Nicholas)(S)

The strengths of the company includes – da leading position in the industry – it’s main comeptitor is Tencent – and da total markte share of these two companies is over 90% I think. Da 2nd strength is its straegic importance of to the Alibaba ecosystem and the last is its strong financial profile. The company released over $14B US dollars from equity injection last year and after (P) that is in. a net cash – with a huge equity base. On the other hand, I think the main risks of this main are the regulatory risks (P) the Chinese govt is increasingly (P) uncofmrtaobel with its business scale and has put some limits on its business expansion – and its required to comply with the title capital reserve requirement (sp) but in order to mitigate this risk it has transformed its microlending business from holding to the — from playing a platform business – in this way the company only charged a handling fee and the equity reserve (P) requirement is related to the financial institutions instead of the company itself.

Another is risk of this company is how can the company to expand its business into overseas markets. The company has a huge customer base in China through the Alibaba ecosystem (P) but how to duplicate its successful experience in Chian to the oversees market is a big question now. The company will would like to merge or acquire some payment company in the foreign countries/a foreign country to expand its business and the perfect target is the payment companies that have a strong footprint in the local market especially in the developing countries which have inefficient financial service channels. Currently it has acquired the a payment company in India and also in the south east asian countries – these are the types of the perfect target market. / [this represents the ideal investment target]

In the meantime the company introduced the Chinese tourists and also the cross-border e-commerce business to the target company after completion of the acquisitions.

Vocabulary

When we are talking about a country’s currency in a general way then we add the word “THE” / if we are talking specifically we do not use the word “the” and we add an “s” to the end of the word

$14 billion U.S. dollars / the US dollar

e.g. The dollar’s strength has decreased.

e.g. The US dollar is weakening.

$14 billion Euros / the Euro

$14 billion Australian dollars / the Australian dollar

Pronunciation

Need stronger “R” pronunciation

e-commerce / NOT E-COMMAS / E-COM-ERS

equity / ECK-WITTY

the / NOT DA / THE – TONGUE BETWEEN TEETH

raise / RAYZ / with a Z not an S-sound

e.g. We must raise or increase…

e.g. They must raise capital…the must acquire capital

e.g. The company has raised $XXB dollars

strengths / STRANG-TH-SSS

after / harsh R sound

regulatory risks / REG-YOU-LA-TORY / REG-YA-LA-TORY

increasingly / finish this word through

reserve requirement / RUH-SERVE

ecosystem / EE-CO-SIS-TIM

Grammar

one of my client / clients

150B US dollar / dollars

from the 3rd party … business