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The Party: The Secret World of China's Communist Rulers (2012)

In an interview with Vox, Bernie Sanders covers how powerful the pharmaceutical industry are, how they are a source of high medical costs in US, and how prices should be regulated. He makes an interesting point on how while many of his colleagues push for free trade (e.g. lettuce and tomatoes from Mexico), we cannot import name brand drugs from around the world. https://youtu.be/S5vOKKMipSA?t=3m20s

This is definitely a defensive move against Tencent, who is using Wechat as their weapon for global penetration. Tencent must be seen as a threat, given their ability to monetize their userbase drastically better than Facebook or Twitter. There are rumors that Tencent is also a covert investor in Snapchat as well.

GGV Partner and China VC Hans Tung makes the argument that Tencent's market cap will overtake Facebook's in 3-5 years. http://www.bloomberg.com/video/could-chinese-competition-bea...