G4-Jack Ma - On 60 Minutes CBS (2.Alibaba (Counterfeiting and fake…
G4-Jack Ma - On 60 Minutes CBS
Customer is much more important than employee and shareholder
Make employees happy in the way of mass weddings
The name,Jack,was given by an American tourist
Offering free tours in exchange for free lessons in English
Failing the college entrance exam twice makes him be rejected when he went to job interview
Entering college successfully on his third try and became an English teacher
No computing or engineering background
a third-party mobile and online payment platform
an escrow service
provides multiple security mechanisms to make sure that user accounts are safe
It's a online shopping behemoth, a collection of online marketplaces where buyers and sellers connect to do business.
The online world looked nothing 1999, when Ma started to dream up Alibaba.
Most of its income is advertising and small transaction fees.
At first, it does not profit. Now, it became the most valuable company in the world.
It created a whole new social class in Communist China.
Counterfeiting and fake products
Counterfeiting is like cancer, company have to deal with it.
Ma's group are still improving. The only way they can do is close those shop selling the fake.
There are 500 registered users. It's more than 40% of China population
Never do business with government
Provide personal info to the government
Most popular website in Alibaba
First trading platform for users talk to each others