i recently interviewed robin leigh and asked him what a successful ipo would mean for china. at what he had to say. >> it is always good to see chinese companies become more successful. ipo means more successful, i would be happy to see that. but the chinese market is already very large. good companies are coming out every day. more interesting on that market, what kind of new opportunities are out there. i pay more attention about that. less attention about these big gigantic companies going public area >> it is interesting because these guys are friends but also fierce competitors. >> friends or find a means -- friendamies. founder of tents and and jack, they're going well. their businesses have become much more competitive over each other. we have a balkanization emerging. >> it sounds -- you are describing what i think we saw in nearly days of the internet. it really was a small group of people who kind of knew each other, had personal relationships, not just in the.com day in san francisco, a small group of people intended to know each other and go off in their own direc