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Establish leading position in local services in SEA (how big is local…
Establish leading position in local services in SEA
how big is local services?
china
SEA
KEY DIAGRAM! vs ecomm + transportation
snapshot of fave
customers
merchants
financial
synergies
one of the largest use case for digital payments
fave + alipay = local service leader
deals
favepay
alipay first experience
convenient
cheaper
unbanked opp / those without credit card
diagram of how fave fits with alipay platforms
china tourist
login
discover / translated
collections for china tourist
payment
highest chance of success
market leader
growth + profitable
waterfall
operational
unit econs
investing long term in local merchants
people + innovation
local leaders leading local business
regional leaders have local business exp
local merchant tools and innovation
value creation
merchants: ARRR
consumer: savings, local discovery, convenience, social