Founders

#32 Jack Ma (Alibaba: The House That Jack Ma Built)

Episode Summary

What I learned from reading Alibaba: The House That Jack Ma Built by Duncan Clark.

Episode Notes

What I learned from reading Alibaba: The House That Jack Ma Built by Duncan Clark.

Crazy Jack (0:01), The internet is filling the void created by state planning (6:59), Jack has made a career out of being underestimated: “I am a very simple guy. I am not smart. I might have a smart face but I’ve got very stupid brains.” (20:35), Jack’s early life / Discipline and Curiosity (24:43), Jack Magic: “ Nobody saw the opportunity in this business. We didn’t make much money at first, but Jack persevered…I respect him tremendously for he has a a great ability to motivate people and he can invest things that seem hopeless with exciting possibility. He can make those around him get excited about life.” (40:00), Jack’s first time on the Internet (47:06), Another lucky break: Meeting Yahoo Founder Jerry Yang (55:45), Making money from shrimp (57:02), The worst deal he ever made (1:00:43), Masayoshi Son: Founder of Softbank (1:04:45), Be the last man standing (1:10:16), Ebay vs Alibaba: A case study in what not to do (1:13:32), Yahoo’s billion-dollar bet (1:23:00), Jack’s unique reaction to the financial crisis (1:27:00), Alipay’s ownership changes / One of the craziest stories I’ve read (1:33:12), If I had another life, I would keep my company private (1:46:10)

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