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Who the heck is Jack Ma? Meet the man who built Alibaba
- Thread starter krafty
- Start date
he did not build alibaba....he is a con man,he doesnt even know how to configure his router to surf the internet.
Just a copy cat, protected by the Chinese market. Look at the UI of the website. Complete shit.
馬雲辭職後留下14個金句
1、馬雲：我最遺憾的錯誤
01年，我犯了一個錯誤，我告訴我的18位共同創業同仁，他們只能做小組經理，而所有的副總裁都得從外面聘請。
現在十年過去了，我從外面聘請的人才都走了，而我之前曾懷疑過其能力的人都成了副總或董事。
我相信兩個信條：態度比能力重要，選擇同樣也比能力重要！
2、馬雲：不能統一人的思想，但可以統一人的目標
千萬不要相信你能統一人的思想，那是不可能的。
30%的人永遠不可能相信你，不要讓你的同事為你幹活，而讓他們為我們的共同目標幹活。
團結在一個共同的目標下，要比團結在一個人周圍容易的多。
3、馬雲提醒：細節好的人格局一般都差
①有人覺得我牛，6分鐘説服了孫正義，其實是他説服了我。見孫正義之前，我在矽谷至少被拒絕了40次。
②做企業贏在細節，輸在格局。
③格局，“格”是人格，“局”是胸懷，細節好的人格局一般都差，格局好的人從來不重細節，兩個都幹好，那叫太有才！
4、馬雲：領導比員工多什麼？
領導永遠不要跟下屬比技能，下屬肯定比你強；如果不比你強，説明你請錯人了。
①要比眼光：比他看得遠；
②要比胸懷：領導的胸懷是委屈撐大的，要能容人所不容；
③要比實力：抗失敗的能力比他強；一個優秀的領導人的素質就是眼光、胸懷和實力。
5、馬雲：中國商人千萬別在“紅道”上混
①人一輩子要明白錢和權兩個東西是絕對不要碰在一起，當了官永遠不要想有錢，當了商人千萬別想權；
②錢和權這兩個東西碰在一起就是炸藥和雷管碰在一起，必然要爆炸；
③胡雪岩的悲哀就在於他是紅頂商人；
④中國商人千萬別在“紅道”上混。
6、馬雲：年輕人必須思考的4大問題
①什麼是失敗？放棄就是最大的失敗。
②什麼叫堅強？經歷許多磨難、委屈、不爽，你才知道什麼叫堅強。
③你的職責是什麼？比別人多勤奮一點、多努力一點、多一點理想，這就是你的職責。
④傻瓜用嘴講話，聰明人用腦袋講話，智者用心講話。
7、馬雲：人生在世在做人，不是做事
我跟自己講我們到這個世界上不是來工作的，我們是來享受人生的，我們是來做人不是做事。
如果一輩子都做事的話，忘了做人，將來一定會後悔。
不管事業多成功、多偉大、多了不起，記住我們到這個世界就是享受經歷這個人生的體驗。
忙著做事一定會後悔。
8、馬雲：高手的競爭論
①一定要爭得你死我活的商戰，是最愚蠢的。
②眼睛中全是敵人，外面就全是敵人。
③競爭的時候不要帶仇恨，帶仇恨一定失敗。
④競爭樂趣就像下棋一樣，你輸了，我們再來過，兩個棋手不能打架。
⑤真正做企業是沒有仇人的，心中無敵，天下無敵。
9、馬雲：別把抱怨當習慣
人是退化最嚴重的動物。跟獸比人很“弱肢”，和狗比人很“聞盲”，但人類“進化”了抱怨。
偶爾為之無大礙，但當抱怨成習慣，就如喝海水，喝的越多渴得越厲害。
最後發現，走在成功路上的，都是些不抱怨的“傻子們”。
世界不會記得你説了什麼，但一定不會忘記你做了什麼！
10、馬雲給初創企業者的忠告
①大家看不清的機會，才是真正的機會。
②讓員工笑著幹活。
③客戶第一、員工第二、股東第三。
④搶在變化之前先變。
⑤忘掉money，忘掉賺錢。
⑥小聰明不如傻堅持。
⑦心態決定姿態，姿態決定狀態。
11、馬雲談創業
①一個好的東西往往是説不清楚的，説得清楚的往往不是好東西！
②創業要找最合適的人，不一定要找最成功的人。
③這世界最不可靠的東西就是關係。
④免費是世界上最昂貴的東西。
⑤今天很殘酷，明天更殘酷，後天很美好。
12、馬雲“四不”創業智慧
①創業最怕就是看不見，看不起，看不懂，跟不上；
②看不見對手在哪，看不起對手，看不懂對手為什麼可以變得那麼強，然後就跟不上了；
③即使對手很弱小，也一定要把對方看的很強大，即使對手很強大，也不一定要把自己看的很弱小。
13、馬雲當你決定要創業時
便意味著：
①沒有了穩定的收入；②沒有了請假的權利；③沒有了得紅包的機會。
然而卻更意味著：
①收入不再受限制；②時間運用更有效；③手心向下不求人。
想法若不同，結果便不同；選擇不一樣，生活才變樣。
14、馬雲談機會
如果一個方案有90%的人説“好”的話，我一定要把它扔到垃圾桶裏去。
因為這麼多人説好的方案，必然有很多人在做了，機會肯定不會是我們的了。
1、馬雲：我最遺憾的錯誤
01年，我犯了一個錯誤，我告訴我的18位共同創業同仁，他們只能做小組經理，而所有的副總裁都得從外面聘請。
現在十年過去了，我從外面聘請的人才都走了，而我之前曾懷疑過其能力的人都成了副總或董事。
我相信兩個信條：態度比能力重要，選擇同樣也比能力重要！
2、馬雲：不能統一人的思想，但可以統一人的目標
千萬不要相信你能統一人的思想，那是不可能的。
30%的人永遠不可能相信你，不要讓你的同事為你幹活，而讓他們為我們的共同目標幹活。
團結在一個共同的目標下，要比團結在一個人周圍容易的多。
3、馬雲提醒：細節好的人格局一般都差
①有人覺得我牛，6分鐘説服了孫正義，其實是他説服了我。見孫正義之前，我在矽谷至少被拒絕了40次。
②做企業贏在細節，輸在格局。
③格局，“格”是人格，“局”是胸懷，細節好的人格局一般都差，格局好的人從來不重細節，兩個都幹好，那叫太有才！
4、馬雲：領導比員工多什麼？
領導永遠不要跟下屬比技能，下屬肯定比你強；如果不比你強，説明你請錯人了。
①要比眼光：比他看得遠；
②要比胸懷：領導的胸懷是委屈撐大的，要能容人所不容；
③要比實力：抗失敗的能力比他強；一個優秀的領導人的素質就是眼光、胸懷和實力。
5、馬雲：中國商人千萬別在“紅道”上混
①人一輩子要明白錢和權兩個東西是絕對不要碰在一起，當了官永遠不要想有錢，當了商人千萬別想權；
②錢和權這兩個東西碰在一起就是炸藥和雷管碰在一起，必然要爆炸；
③胡雪岩的悲哀就在於他是紅頂商人；
④中國商人千萬別在“紅道”上混。
6、馬雲：年輕人必須思考的4大問題
①什麼是失敗？放棄就是最大的失敗。
②什麼叫堅強？經歷許多磨難、委屈、不爽，你才知道什麼叫堅強。
③你的職責是什麼？比別人多勤奮一點、多努力一點、多一點理想，這就是你的職責。
④傻瓜用嘴講話，聰明人用腦袋講話，智者用心講話。
7、馬雲：人生在世在做人，不是做事
我跟自己講我們到這個世界上不是來工作的，我們是來享受人生的，我們是來做人不是做事。
如果一輩子都做事的話，忘了做人，將來一定會後悔。
不管事業多成功、多偉大、多了不起，記住我們到這個世界就是享受經歷這個人生的體驗。
忙著做事一定會後悔。
8、馬雲：高手的競爭論
①一定要爭得你死我活的商戰，是最愚蠢的。
②眼睛中全是敵人，外面就全是敵人。
③競爭的時候不要帶仇恨，帶仇恨一定失敗。
④競爭樂趣就像下棋一樣，你輸了，我們再來過，兩個棋手不能打架。
⑤真正做企業是沒有仇人的，心中無敵，天下無敵。
9、馬雲：別把抱怨當習慣
人是退化最嚴重的動物。跟獸比人很“弱肢”，和狗比人很“聞盲”，但人類“進化”了抱怨。
偶爾為之無大礙，但當抱怨成習慣，就如喝海水，喝的越多渴得越厲害。
最後發現，走在成功路上的，都是些不抱怨的“傻子們”。
世界不會記得你説了什麼，但一定不會忘記你做了什麼！
10、馬雲給初創企業者的忠告
①大家看不清的機會，才是真正的機會。
②讓員工笑著幹活。
③客戶第一、員工第二、股東第三。
④搶在變化之前先變。
⑤忘掉money，忘掉賺錢。
⑥小聰明不如傻堅持。
⑦心態決定姿態，姿態決定狀態。
11、馬雲談創業
①一個好的東西往往是説不清楚的，説得清楚的往往不是好東西！
②創業要找最合適的人，不一定要找最成功的人。
③這世界最不可靠的東西就是關係。
④免費是世界上最昂貴的東西。
⑤今天很殘酷，明天更殘酷，後天很美好。
12、馬雲“四不”創業智慧
①創業最怕就是看不見，看不起，看不懂，跟不上；
②看不見對手在哪，看不起對手，看不懂對手為什麼可以變得那麼強，然後就跟不上了；
③即使對手很弱小，也一定要把對方看的很強大，即使對手很強大，也不一定要把自己看的很弱小。
13、馬雲當你決定要創業時
便意味著：
①沒有了穩定的收入；②沒有了請假的權利；③沒有了得紅包的機會。
然而卻更意味著：
①收入不再受限制；②時間運用更有效；③手心向下不求人。
想法若不同，結果便不同；選擇不一樣，生活才變樣。
14、馬雲談機會
如果一個方案有90%的人説“好”的話，我一定要把它扔到垃圾桶裏去。
因為這麼多人説好的方案，必然有很多人在做了，機會肯定不會是我們的了。
need to configure router to build a tech business? what logic is this?
then how u build a tech business when ur computer illiterate?fucking hell thats like asking a bus driver to do brain surgery.im no computer expert but IT,software,microsoft,google all these industries are extremely knowledge intensive industries....having jack ma as ur ceo is like asking ur dog to run Temasek Holdings.
At that level you only need to see the big picture. Understand market trends, technology trends etc.. configure router is only for technical staff.
i agree,jack ma only needs to know how to bullshyt and entertain people,everything else has been done for him.configure router is only an example,hes totally computer illiterate,even a 10 year old kid probably knows more about PCs than him.
wrong.....that may be true if ur a ceo that got parachuted into the company.....this company was built from the ground up,surely jack ma has to know something,but he doesnt......i think theres more than meets the eye.....hes the kind of smooth talker that knows how to bullshyt and get business deals and curry favour with important people and officials.....other than that i can tell u hes no bill gates or elon musk or larry ellison.
World's biggest IPO. Not too bad for a bullshitter.
---------------------
China's Alibaba files in U.S. for what may be biggest tech IPO
BY ALEXEI ORESKOVIC AND DEEPA SEETHARAMAN
SAN FRANCISCO Mon Jul 14, 2014 1:22am EDT
(Reuters) - (This story corrects paragraph seven of May 6 story to reflect Ma's apartment had more than one room)
Alibaba gave investors a closer look at the scale and growth of the Chinese e-commerce juggernaut in an initial public offering (IPO) prospectus filed on Tuesday, the first step in what could be the largest technology debut in history.
Alibaba Group Holding Ltd, which powers 80 percent of all online commerce in the world's second-largest economy, is expected to raise more than $15 billion, and could top the $16 billion pulled in by Facebook Inc when it listed in 2012.
The bulk of the proceeds will go to Yahoo Inc - which bought a 40 percent stake in Alibaba in 2005 for $1 billion and which must sell more than a third of its current 22.6 percent stake through the IPO. Alibaba also plans to sell new shares, people familiar with the plans have said, to bulk up a cash war chest depleted by a rash of recent acquisitions.
While the Alibaba brand is less well known in the United States than Internet companies such as Amazon.com and Facebook, the Chinese company's listing has stirred the most excitement in Silicon Valley and Wall Street since Facebook's record IPO. Alibaba will become the largest Chinese corporation to list in the U.S. - on either the New York Stock Exchange or the Nasdaq.
Alibaba will debut later this year in a market where high-flying tech stocks like Twitter and Amazon have fallen in recent weeks in a sell-off that has divided analysts and investors, reviving doubts about soaring tech valuations.
Still, estimates of Alibaba's market value have soared in recent months, to even beyond $200 billion, underscoring Wall Street's eagerness to take a crack at a massive Chinese company with robust growth.
Alibaba handled more than 1.5 trillion yuan - about $248 billion - of transactions for 231 million active users across its three main Chinese online marketplaces in 2013, more than Amazon and eBay Inc combined. It did so with 20,884 full-time workers, fewer than eBay. "If it's able to transport that kind of power to outside China, it has the potential to become a true global e-commerce powerhouse," said Roger Entner, lead analyst and founder of Recon Analytics. "Everybody thought Amazon could do it, but now we have to re-think Amazon in the light of being the most successful company in that field in the U.S. - but not in the world."
Alibaba did not give any hints in its IPO prospectus about potential plans for the U.S. e-commerce market. Analysts said it was unlikely Alibaba would adopt the model favored by Amazon, which sells goods directly to consumers using a sprawling network of warehouses.
AT LEAST 102 YEARS
Alibaba, founded 15 years ago in an apartment in Hangzhou and controlled by a 28-member partnership, boasts of building a company that will last "at least 102 years."
After the IPO, Alibaba said, the partnership will have the exclusive right to nominate a simple majority of the members of its board of directors.
Alibaba operates an online messaging service as well as a cloud computing business, but more than 80 percent of its revenue comes from its Taobao, Tmall and Juhuasuan online marketplaces. Top items sold on Taobao include prepaid phone and game cards as well as lottery tickets, home furniture and baby products, the company said.
Total revenue increased 62 percent to 18.75 billion yuan ($3.01 billion) in October-December of 2013 from a year earlier, while net income more than doubled to 8.27 billion yuan, according to the prospectus.
Some analysts say Alibaba's rapid pace of revenue growth may be unsustainable.
"They got into the e-commerce space when there weren't any other players in China," said Forrester analyst Kelland Willis, adding Alibaba has been "losing market share year over year."
By 2020, online retail sales in China will reach $420-$650 billion, as much as the United States, Japanese, UK, German and French markets combined, according to a recent analysis by McKinsey Global Institute.
MOBILE FUTURE
Alibaba said China's mobile Internet arena, where it is battling Tencent Holdings for supremacy, is the next growth industry. China will have an estimated 750 million mobile Internet users by 2017, according to data from China-based consultancy iResearch.
Roughly one-fifth of all purchases in the last quarter of 2013 were made on mobile devices, up from 7.4 percent a year earlier. But Alibaba added that for now these sales were less profitable than those made on its website.
Already this year, Ma has been involved in acquisitions worth more than $3.5 billion - buying a stake in department store operator Intime; a majority shareholding in movie producer ChinaVision Media; control of online mapping firm Autonavi; a stake in China's Wasu Media Holding Co Ltd for online content and internet TV; and a stake in Youku Tudou Inc, an online video business akin to Google Inc's YouTube.
Alibaba is also launching a U.S. e-commerce website, 11 Main, and has taken stakes in U.S. retail site ShopRunner Inc, Lyft, a U.S. ridesharing service, and 1stdibs, an online market place for antiques and luxuries.
Also this year, Ma has set up a charitable trust estimated to be worth $3 billion, potentially Asia's biggest, focusing on the environment and health. "It's impossible for me to be a doctor, but I can have my own way to save lives," Xinhua quoted Ma as saying.
OWNERSHIP AND RISKS
Some analysts have pointed to a less-than-transparent decision-making process after Alibaba spun off fast-growing Alipay in 2010 - a move that caused consternation at major shareholders Yahoo and Japanese telecoms firm SoftBank Corp.
Alibaba's prospectus also laid out a raft of regulatory risks it faces at home. The company stressed that Beijing could impose additional restrictions on the use of Alipay, the payment service that powers the majority of its online transactions.
Unlike many prominent U.S. tech IPOs of recent years, Alibaba's list of significant shareholders is short. By contrast, Facebook and Twitter each broke out shareholdings from more than a half dozen individual principal shareholders.
Former English schoolteacher and lead founder Jack Ma owns 8.9 percent of Alibaba. Joseph Tsai, a co-founder and executive vice-chairman, is the only other individual with a disclosed shareholding, of 3.6 percent. Yahoo and SoftBank, respectively, own 22.6 percent and 34.4 percent of Alibaba on a fully diluted basis.
The proposed IPO of $1 billion in the filing is an estimate for calculating exchange registration fees.
FAIR VALUE
Alibaba estimated its fair value as of this month could reach $50 per share, an increase of more than six times from the $8 a share value estimated in June 2011, according to the prospectus. This calculation helps determine employee compensation and does not necessarily represent a likely IPO price.
At the most recent fair value estimate, Yahoo's stake in Alibaba is worth $26.2 billion and SoftBank's almost $40 billion. Ma's stake would be worth $10.3 billion.
The fair value estimate puts Alibaba's size at $116.1 billion, well below the $152 billion average from 25 analysts in a Reuters survey.
While Yahoo and SoftBank may be among the biggest beneficiaries of the IPO, neither will exercise much control of Alibaba. It has already been agreed that Yahoo Chief Development Officer Jacqueline Reses will resign from Alibaba's board upon the listing, while SoftBank will have the right to nominate just a single director to a new, nine-member board.
Alibaba's decision to list in the United States was a blow to the Hong Kong stock exchange, which was initially its preferred IPO venue, but the city's regulators balked at any potential violation of the "one-share-one-vote principle."
Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, J.P. Morgan, and Morgan Stanleywill underwrite the Alibaba IPO.
---------------------
China's Alibaba files in U.S. for what may be biggest tech IPO
BY ALEXEI ORESKOVIC AND DEEPA SEETHARAMAN
SAN FRANCISCO Mon Jul 14, 2014 1:22am EDT
(Reuters) - (This story corrects paragraph seven of May 6 story to reflect Ma's apartment had more than one room)
Alibaba gave investors a closer look at the scale and growth of the Chinese e-commerce juggernaut in an initial public offering (IPO) prospectus filed on Tuesday, the first step in what could be the largest technology debut in history.
Alibaba Group Holding Ltd, which powers 80 percent of all online commerce in the world's second-largest economy, is expected to raise more than $15 billion, and could top the $16 billion pulled in by Facebook Inc when it listed in 2012.
The bulk of the proceeds will go to Yahoo Inc - which bought a 40 percent stake in Alibaba in 2005 for $1 billion and which must sell more than a third of its current 22.6 percent stake through the IPO. Alibaba also plans to sell new shares, people familiar with the plans have said, to bulk up a cash war chest depleted by a rash of recent acquisitions.
While the Alibaba brand is less well known in the United States than Internet companies such as Amazon.com and Facebook, the Chinese company's listing has stirred the most excitement in Silicon Valley and Wall Street since Facebook's record IPO. Alibaba will become the largest Chinese corporation to list in the U.S. - on either the New York Stock Exchange or the Nasdaq.
Alibaba will debut later this year in a market where high-flying tech stocks like Twitter and Amazon have fallen in recent weeks in a sell-off that has divided analysts and investors, reviving doubts about soaring tech valuations.
Still, estimates of Alibaba's market value have soared in recent months, to even beyond $200 billion, underscoring Wall Street's eagerness to take a crack at a massive Chinese company with robust growth.
Alibaba handled more than 1.5 trillion yuan - about $248 billion - of transactions for 231 million active users across its three main Chinese online marketplaces in 2013, more than Amazon and eBay Inc combined. It did so with 20,884 full-time workers, fewer than eBay. "If it's able to transport that kind of power to outside China, it has the potential to become a true global e-commerce powerhouse," said Roger Entner, lead analyst and founder of Recon Analytics. "Everybody thought Amazon could do it, but now we have to re-think Amazon in the light of being the most successful company in that field in the U.S. - but not in the world."
Alibaba did not give any hints in its IPO prospectus about potential plans for the U.S. e-commerce market. Analysts said it was unlikely Alibaba would adopt the model favored by Amazon, which sells goods directly to consumers using a sprawling network of warehouses.
AT LEAST 102 YEARS
Alibaba, founded 15 years ago in an apartment in Hangzhou and controlled by a 28-member partnership, boasts of building a company that will last "at least 102 years."
After the IPO, Alibaba said, the partnership will have the exclusive right to nominate a simple majority of the members of its board of directors.
Alibaba operates an online messaging service as well as a cloud computing business, but more than 80 percent of its revenue comes from its Taobao, Tmall and Juhuasuan online marketplaces. Top items sold on Taobao include prepaid phone and game cards as well as lottery tickets, home furniture and baby products, the company said.
Total revenue increased 62 percent to 18.75 billion yuan ($3.01 billion) in October-December of 2013 from a year earlier, while net income more than doubled to 8.27 billion yuan, according to the prospectus.
Some analysts say Alibaba's rapid pace of revenue growth may be unsustainable.
"They got into the e-commerce space when there weren't any other players in China," said Forrester analyst Kelland Willis, adding Alibaba has been "losing market share year over year."
By 2020, online retail sales in China will reach $420-$650 billion, as much as the United States, Japanese, UK, German and French markets combined, according to a recent analysis by McKinsey Global Institute.
MOBILE FUTURE
Alibaba said China's mobile Internet arena, where it is battling Tencent Holdings for supremacy, is the next growth industry. China will have an estimated 750 million mobile Internet users by 2017, according to data from China-based consultancy iResearch.
Roughly one-fifth of all purchases in the last quarter of 2013 were made on mobile devices, up from 7.4 percent a year earlier. But Alibaba added that for now these sales were less profitable than those made on its website.
Already this year, Ma has been involved in acquisitions worth more than $3.5 billion - buying a stake in department store operator Intime; a majority shareholding in movie producer ChinaVision Media; control of online mapping firm Autonavi; a stake in China's Wasu Media Holding Co Ltd for online content and internet TV; and a stake in Youku Tudou Inc, an online video business akin to Google Inc's YouTube.
Alibaba is also launching a U.S. e-commerce website, 11 Main, and has taken stakes in U.S. retail site ShopRunner Inc, Lyft, a U.S. ridesharing service, and 1stdibs, an online market place for antiques and luxuries.
Also this year, Ma has set up a charitable trust estimated to be worth $3 billion, potentially Asia's biggest, focusing on the environment and health. "It's impossible for me to be a doctor, but I can have my own way to save lives," Xinhua quoted Ma as saying.
OWNERSHIP AND RISKS
Some analysts have pointed to a less-than-transparent decision-making process after Alibaba spun off fast-growing Alipay in 2010 - a move that caused consternation at major shareholders Yahoo and Japanese telecoms firm SoftBank Corp.
Alibaba's prospectus also laid out a raft of regulatory risks it faces at home. The company stressed that Beijing could impose additional restrictions on the use of Alipay, the payment service that powers the majority of its online transactions.
Unlike many prominent U.S. tech IPOs of recent years, Alibaba's list of significant shareholders is short. By contrast, Facebook and Twitter each broke out shareholdings from more than a half dozen individual principal shareholders.
Former English schoolteacher and lead founder Jack Ma owns 8.9 percent of Alibaba. Joseph Tsai, a co-founder and executive vice-chairman, is the only other individual with a disclosed shareholding, of 3.6 percent. Yahoo and SoftBank, respectively, own 22.6 percent and 34.4 percent of Alibaba on a fully diluted basis.
The proposed IPO of $1 billion in the filing is an estimate for calculating exchange registration fees.
FAIR VALUE
Alibaba estimated its fair value as of this month could reach $50 per share, an increase of more than six times from the $8 a share value estimated in June 2011, according to the prospectus. This calculation helps determine employee compensation and does not necessarily represent a likely IPO price.
At the most recent fair value estimate, Yahoo's stake in Alibaba is worth $26.2 billion and SoftBank's almost $40 billion. Ma's stake would be worth $10.3 billion.
The fair value estimate puts Alibaba's size at $116.1 billion, well below the $152 billion average from 25 analysts in a Reuters survey.
While Yahoo and SoftBank may be among the biggest beneficiaries of the IPO, neither will exercise much control of Alibaba. It has already been agreed that Yahoo Chief Development Officer Jacqueline Reses will resign from Alibaba's board upon the listing, while SoftBank will have the right to nominate just a single director to a new, nine-member board.
Alibaba's decision to list in the United States was a blow to the Hong Kong stock exchange, which was initially its preferred IPO venue, but the city's regulators balked at any potential violation of the "one-share-one-vote principle."
Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, J.P. Morgan, and Morgan Stanleywill underwrite the Alibaba IPO.
Like all tiongs he only knows how to copy.....at least the Japs back then copied and value add.
But kudos to him for being about to make billions from copying.....thanks also to chink govt for other copycats like baidu, youku etc.
If he is your idol then you should also idolize lump of turds like Chua thian poh too....they are in the same category.
Like bro mentioned, he is no bill gates, zuckerberg or larry Ellison etc etc....you get the picture
Big picture, people management, leadership skills..whatever you call it, Jack Ma has it.. 'Steel King' Andrew Carnegie had no technical knowledge concerning steel or engineering, yet became one of the richest men ever (about US$300 billion in today's dollars).
Arent these people you mentioned copycats too?
Ditto for Henry Ford.
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