In 1989, about a year after we went public, we had a horrible problem related to inventory management.
989年,也就是我们上市的第二年,我们在库存管理方面,遇见了极大的困难。
Moreover, your market is bigger, so public companies have an advantage; so companies don't like to be public, generally.
此外,你的市场更大了,因此上市公司是有一定优势的,但一般来说,很多公司不希望上市
At the time of the IPO, Baidu had about 40% of the traffic share in China for Chinese search.
当百度IPO上市的时候,百度占据了,中国40%的中文搜索量。
He created just about the biggest private equity firm from scratch in 1985 and I guess they just went public and they have a huge market cap.
他于1985年白手起家,创建了最大的私募股权公司,后来公司上市,市值相当可观
So we have a lot of public companies.
因此出现了很多上市公司
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