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  "documentTitle": "Third Point Management | Activist Presentation Deck | 13 slides",
  "authorId": "third-point-management",
  "authorName": "Third Point",
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  "presentationDate": "2011-09-01 00:00:00",
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  "density": "balanced",
  "nDataPoints": 3,
  "notes": "The slide uses a bar chart to visually demonstrate the market dominance of Taobao compared to its peers.",
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      "kind": "chart",
      "text": "2012 Gross Merchandise Value Comparison ($bn)",
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      "text": "Last week, Alibaba Group's CEO, Jack Ma, provided a gross merchandise value target across Taobao Mall and Taobao Marketplaces of $157 billion in 2012. We conservatively estimate a $25 billion value for the entirety of the Alibaba Group. Outsized market growth + dominant market share + margin expansion make for a very intriguing Alibaba Group opportunity",
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      "text": "After tax (35%) eBay GMV based on Piper Jaffray estimate; Amazon GMV based on ChannelAdvisor 2010 estimate and Piper Jaffray Retail Sales growth estimate; Taobao GMV based on Management estimate values",
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      "kind": "title",
      "text": "Alibaba's Taobao = eBay + Amazon on Steroids",
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