Name: Insights: How the Richest Man in China Is Taking on Amazon
Uploaded: 2020-01-30
Duration: 2 min 44 s
Description: Alibaba Founder Jack Ma is investing in small business and tech. (March 2017)

[MUSIC PLAYING] Jack Ma is the executive chairman and co-founder of a Chinese company called Alibaba. People like to call it the "Amazon of China" or the "eBay of China." It's really that and many, many more things. As I write in my article, in which we named Jack Ma, the number two on our world's greatest leaders list for 2017, he's somebody who can lower the tension a little bit in trade relations between the United States and China because he plays so well to different audiences. Jack Ma is somebody with international connections. He's the richest man in China and is extremely well-connected, both in the Chinese government and outside of it. He solidified this by showing up for a meeting with President-elect Trump in Trump Tower just a few weeks before his inauguration. [MUSIC PLAYING] Jack Ma and Alibaba are in a very interesting place right now. It's a company that is extremely successful in China and also fairly well-known in business communities outside of China, in particular because of its blockbuster IPO in 2014 in the United States. But it's still very much a Chinese business wanting to move outside of its home markets. Jack Ma 52 years old and has been running Alibaba for 18 years. He's not the CEO anymore. He has delegated the responsibilities for most things that happen at Alibaba to very capable executives. He leads the company. He guides its direction and its strategy. He also is the kind of figure that a Western audience would understand, in that he's very interested in philanthropy. He began his career as a teacher, and so he helps teachers and principals in China. He's interested in the environment. He's interested in the health and well-being of his employees, which is not what we typically associate with a hard-driving entrepreneurial executive in China. Westerners don't know much about Alibaba, despite having heard the name, because they typically are not customers of the company. This is a company that generates the vast majority of its revenues in China. That said, it's a company that is going to continue moving outside of China. It's investing heavily in other places, including India, Southeast Asia, and even in technology companies in the United States. So what people will need to keep in mind is that this is a company that's going to increasingly be on their minds in years to come-- and not just as an investment, but increasingly as a business partner for Western business people. [MUSIC PLAYS]

Insights: How the Richest Man in China Is Taking on Amazon

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Alibaba Founder Jack Ma is investing in small business.

How the Richest Man in China Is Taking on Amazon

Alibaba Founder Jack Ma is investing in small business and tech. (March 2017)

Jack Ma is the executive chairman and co founder of a Chinese company called Ali Baba. People like to call it the Amazon of China or the eBay of China. It's really that and many, many more things, as I write in my article, in which we named Jack Model number two on Our World's greatest leaders list for 2017. He's somebody who can lower the tension a little bit in trade relations between the United States and China because he plays so well. It's a different audience, Jack, mind somebody with international connections, the richest man in China and extremely well connected both in the Chinese government and outside of it. He solidified this by showing up for a meeting with President elect Trump in Trump Tower just a few weeks before his inauguration. Jackman, Ali Baba are in a very interesting place right now. It's a company that is extremely successful in China and also fairly well known in business communities outside of China, in particular because of its blockbuster I Po in 2014 in the United States. But it's still very much a Chinese business wanting to move outside of its home markets Jack Mind, 52 years old and has been running Ali Baba for 18 years. He's not CEO anymore. He has delegated responsibilities for most things that happened at Alibaba, two very capable executives he leaves, the company guides its direction and its strategy. He also is the kind of figure that a Western audience would understand and that he's very interested in philanthropy. He began his career as a teacher, and so he helped teachers and principals in China. He's interested in the environment. He's interested in the health and well being off his employees, which is not what we typically associate with a hard driving entrepreneurial executive in China. Westerners don't know much about Ali Baba, despite having heard the name because they typically are not customers of the company. This is a company that generates vast majority of its revenues in China. That said, it's a company that is going to continue moving outside of China, is investing heavily in other places, including India, Southeast Asia and even in technology companies in the United. So what people will need to keep in line is that this is a company that's going to increasingly be on their minds in years to come, and not just as an investment but increasingly as a business partner for Western business people.