Summary of Alibaba
The House That Jack Ma Built
Copyright © 2016 by Duncan Clark. Published by arrangement with Ecco, an imprint of HarperCollins Publishers
How Jack Ma, schoolteacher turned billionaire, built Alibaba into much more than the “Amazon of China.”
Calling Alibaba “the Amazon of China” understates its influence. Chinese shoppers visit Alibaba’s Tmall and Taobao sites for everything from groceries to SUVs to fake girlfriends. Alibaba has more customers than the US has citizens. The heart of the Alibaba story is founder and CEO Jack Ma. Author Duncan Clark, an American working in China, notes that he foolishly decided not to invest in Alibaba, a move he figures has cost him some $30 million. Clark also offers useful commentary, particularly about Alibaba repelling eBay’s incursion into China. From his not-quite-insider’s perch, he engagingly conveys Alibaba’s rise. getAbstract recommends the Alibaba story to investors and managers seeking insight into China’s economy.
In this summary, you will learn
- How Alibaba grew from modest roots into an online giant;
- How Alibaba defeated eBay in China; and
- How founder Jack Ma leads according to his “Six Veins” of corporate success: “customer first,” “teamwork,” “embrace change,” “integrity,” “passion” and “commitment.”
About the Author
Mandarin speaker and former Morgan Stanley investment banker Duncan Clark founded an investment advisory firm in Beijing. He has lived and worked in China for more than 20 years.
Comment on this summary
2 weeks agoits a nice read, nicely planned for success.
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