So four years ago, there was a problem in China.
If you wanted to see a doctor, it would take you six hours, two hours to travel, four hours
to wait for the doctor.
And they said, we could do a lot of stuff by telemedicine.
Right?
Do I actually need to see a doctor if you have a rash or your child has an ear infection?
You just get the antibiotic.
And they said we'll do telemedicine.
So they started this company.
And the genius of it was they branded it Ping On, the biggest insurance company, number
one brand in the world, Ping On Good Doctor.
And over the four years, they've hired 61,000 health care workers, part time.
This is genius too.
They hire people.
My daughter is a nurse.
She works three to four shifts a week, which means she has three to four days off.
So she could work for them part time and get paid to see patients online.
OK?
Now, she couldn't do it because she's in America.
But they do this in China with nurses and doctors in China.
So they built a business.
It went from nothing four years ago to $250 million of revenue.
350 million patients signed up to use this app in the last four years.
That just went public last week at a $5 billion market cap.
Wow.
You can't get that kind of growth anywhere else in the world.
Do you still see big growth for that company?
Oh huge.
OK.
So we'll still get it now.
Think about it.
I mean, it's now, it almost doubled.
So maybe you want to wait a little bit and let it come back to Earth.
But over the long term, that company will grow like crazy.
But there are other businesses.
I mean, we had this other silly company.
It's called Fruit Day.
I like the name.
Almost a silly name.
Well, it's kind of a fun name.
And why it is called that?
It's because there's a food safety problem in China.
As people get wealthier, they say, well, I don't want to eat my food that's grown next
to the coal plant.
So they will pay extra for fruit that isn't grown in China.
So this company promises in one day, hence the name Fruit Day, to get you fresh fruit
from Malaysia, Thailand, Japan, to your house.
But they charge you a premium.
They went from nothing to $60 million in revenues in one year.
This company called Kascend, so do you know Twitch?
You have— Yeah.
An online gaming platform.
Yeah.
So gamers.
So e-sports, big thing now.
People say, why would anyone pay $1,000 to sit in the audience of a stadium and watch
people play games?
That's what happened at the world championships last year, Korea versus the US.
Sold out, 80,000 people, $1,000 a ticket.
Winning purse $20 million.
OK?
Team that won got $20 million.
There's this guy, Ninja, at Ninja.
He's a streamer.
Streamers are people who wear a headset.
They play video games, take a video of themselves and then stream it.
And they get paid by the video companies, video game companies, to teach people how
to play their game.
But they also get paid by the kids.
If I teach you something, you send me a token.
But that's fiat currency turned into a virtual currency.
And then I get 40% of it.
And the company keeps 60%.
So this guy's making $500,000 a month as a streamer for a company called Twitch.
Now, Twitch was bought by Amazon for a billion dollars, OK, a few years ago.
The runner up in that transaction was Google.
So Google went to China and found this company that we own a little piece of called Kascend
and just paid $300 million valuation to get in.
And we're already right there.
They have twice as many daily active users as Twitch.
Wow.
And the thing is, I don't need Kascend to go public.
I don't need to wait in line for an IPO on the A share market, because I'm pretty sure
Google's just going to buy them.
And we'll probably make three, four, five, six times our money, which is a really good
return.
And we won't get all the growth, but that's OK.
We can own it when it's public or we can hold Google stock.
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