Money Out of Nowhere: How Internet Marketplaces Unlock Economic Wealth
abovethecrowd.com
FEBRUARY 27, 2019
Unfortunately, either information asymmetry or physical distances and the resulting distribution costs can both cut against the economic advantages that would otherwise arise for all. Four years later, in May of 2003, they launched Taobao Marketplace, Alibaba’s answer to eBay. This is a major “unlocking.”.
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