Registration was successful!
Please follow the link from the email sent to

Jack Ma Reveals Secret of Alibaba's Astounding Success

© REUTERS / Ruben Sprich Jack Ma, Founder and Executive Chairman of Alibaba Group, speaks during the session 'An Insight, An Idea with Jack Ma' in the Swiss mountain resort of Davos January 23, 2015
Jack Ma, Founder and Executive Chairman of Alibaba Group, speaks during the session 'An Insight, An Idea with Jack Ma' in the Swiss mountain resort of Davos January 23, 2015 - Sputnik International
Jack Ma, the founder of Chinese e-commerce giant Alibaba, has revealed the secret of his astonishing success at the World Economic Forum in Davos, Switzerland. Meanwhile, gossips say the Chinese magnate is considering purchasing Sony Pictures, which was struck by a notorious cyber-attack.

Alibaba will block the sales of products considered to be dangerous and illegal to the United States - Sputnik International
Alibaba to Block Sales of Unsafe, Illegal Products to US: Safety Commission
MOSCOW, January 24 (Sputnik), Ekaterina Blinova – Jack Ma, the founder of Alibaba Group, a Chinese e-commerce giant, has divulged the secret of his astounding success at the World Economic Forum in Davos, Switzerland.

"One of secret sauces of Alibaba is we have a lot of women. Women think about others more than themselves," said Ma, as quoted by the Hollywood Reporter.

Indeed, in the prosperous company which raised more than $21 billion during its IPO on the New York Stock Exchange (NYSE) last September, women account for 47 percent of its overall staff, while 33 percent of female workers hold senior ranks in the e-commerce giant.

The Chinese businessman has also revealed his global ambitions, stressing that his company was still in its early stages of development. "Compared to 15 years ago, we are big. But compared to 15 years [from now], we are still a baby," he said in an interview with Charlie Rose, an American talk show host and journalist.

Ma emphasized that he was planning to make Alibaba a truly global e-commerce platform.

Alibaba, the billion-dollar Chinese e-commerce company, is likely to deal a crushing blow to American local retailers - Sputnik International
Alibaba to Deal a 'Crushing Blow' to US Retailers: US Conservative
"What I am thinking about: how we can make Alibaba a platform for global small business," Jack Ma told the World Economic Forum, as cited by Agence France Presse, adding that he viewed the new platform as a version of the World Trade Organization (WTO) for e-commerce.

"Today, the Internet can help small businesses sell things across the oceans, across nations. And I hope we can serve two billion consumers. We can help ten million small businesses outside China," the magnate said.

Curiously, Jack Ma has also shown his interest in the entertainment industry: the Chinese businessman has already launched a project at its Alibaba Pictures film unit and made a business trip to Hollywood.

One of the most intriguing rumors surrounding the e-commerce giant, according to Deadline Hollywood, is that Alibaba may buy Sony Pictures, which "is still licking its wounds" after the notorious cyber attack. The media outlet hinted that the deal is quite possible, citing an unnamed industry source: "If you're Sony Corp, you've probably made $200 million on the film business for each of the last 10 years. So if someone gives you $5 billion…" Deadline Hollwood underscores that if Alibaba Group purchased the Japanese company, it would not face "tough scrutiny" from the United States, pointing out that the potential deal could turn Alibaba into a "world class player."

To participate in the discussion
log in or register
Заголовок открываемого материала