Translation Results Requested Through Conyac Made Public

SGE: So, what about Asia? What did you feel about the market and environment there?

Let me ask you a question, in the next few years, will a Facebook and Instagram come out of Asia? My view is that there isn’t an ecosystem conducive enough for guys to work hard for your company without revenue. Facebook didn’t have revenue for a long time. Instagram did not.
I would suspect that — now with all the buzz about Rocket Internet right now — if the CEOs from the Samwer brothers’ companies just ran with the idea and business model behind it themselves, which is basically pumping in lots of money, getting the hockey stick, and scaling aggressively, I’m not sure how much money they would have raised on their own accord.

E-commerce took off in the US but not among smaller mum-and-pop stores here. We found a very strange thing about how people behave in the Asian market. It’s not the value proposition we provide but the behavior. People here are not that ready to take a step onto the Internet.