[3/3] Alibaba: The House That Jack Ma Built (Alibaba. The history of the world ascent from the first person) (Category Management)

This is a book about Jack Ma, who started his career. first and second Here are some recent chapters that are very interesting:)

9) Birth again: Taobao and the twists and turns with eBay eBay entered the Chinese market through the purchase of a popular local company, but a couple of years later Jack launched Taobao. Interestingly, eBay was gradually losing out on the entire market due to clumsiness. And Taobao allowed Alibaba to diversify the market and start working on the domestic market and on the b2c model. 10) Yahoo: a billion-dollar bet - but eBay finally gave up because of Yahoo's billion-dollar bet on Alibaba. This chapter briefly talks about both Tencent and Baidu, but the bottom line is that Yahoo gave Yahoo China and a billion dollars to Alibaba for a fee. 40Percentage of shares. After that, eBay pulled out of the budget race and Taobao won at B2C. 11) Growing pain - 2007 The IPO 1.0 b2b parts of Alibaba without Taobao and Alipay:) Then came the financial crisis. 2008 It survived the year due to the presence of Taobao and the reorientation to the domestic market. Then the lawsuits began. 40Percentage of shares held by Yahoo:) Yahoo was rapidly losing ground at the time, and it was almost bought out by Microsoft, which would certainly have gotten into the management of Alibaba Group more seriously and successfully than Yahoo did. But 2014 All disagreements were resolved and the company was ready for a second IPO. 12) Icon or Icarus The IPO was a success, but the ownership scheme was very ephemeral. This went further when dealing with Alipay, a payment system that Jack had taken out of the company’s loop before the IPO and re-registered in his name. This led to long disputes with investors, which seemed a dubious decision, since the financial part of Alibaba Group was one of the pillars of this business. Jack had an argument as to why it was done. (Reference to National Bank of China requirements)But it was all forks on the water written.

In fact, this ends the substantive part of the book, but the author finally tells about Jack’s purchase of the South China Morning Post, the main English daily newspaper in Hong Kong. And then the gun hangs about Jack's controversy with the Chinese government. And now 2020 This gun will be fired in October and will result in 2020 Jack Ma will slam China’s financial system for reform. The Chinese authorities will not like this behavior of the billionaire and will come into conflict with Alibaba Group.

#Management #Leadership #Bigtech #BusinessStory #Processes