Founder of the Chinese e-commerce giant Alibaba, Jack Ma spoke to the group of wealthy and influential executives of New York, and had some interesting insights and answers to their questions, reported BuzzFeed.
When Thomas Farley, New York Stock Exchange's President asked Ma about managing personal wealth, Ma said, “If you have less than $1 mn, you are the happiest person in the world. You know how to use the money,” according to BuzzFeed. Ma added, “If you have $10 mn you start to worry about valuation, where to buy to stocks… When you have $1 bn, that’s not your money. That’s the trust of people on you because people believe you can manage money better than others. You managed money for the others. So I think the money I have got today is the responsibility and the trust of people on me.”
About the US-China relations, Ma is confident. In Chinese philosophy said Ma, they don't need to have competitors, and when Chinese stick to their religious philosophy they don't have any problems, BuzzFeed reported. Ma thinks, the US and China can work together for the same cause such as diseases, climate change, and poverty.
Ma believes, according to BuzzFeed, Women can make a big difference in the company. About 49 per cent of employees are women in Alibaba, and 33 per cent of senior management is women. "Women make us user-friendly," Ma shared.
Ma personally didn't want to make Alibaba public, BuzzFeed reports, he did it for customers, shareholders, and employees. With and IPO Alibaba has become more transparent.
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