Alibaba
By Duncan Clark
The House That Jack Ma Built. Ecco, 2016.
Summary of Alibaba book by Duncan Clark
The inspiring, thought-provoking, and complete story of Jack Ma, founder of global shopping network Alibaba, and his rise from modest English teacher to technology genius and financial magnate.
Chapters in Alibaba book summary
What do you get from this book? The inspirational, motivational, and compelling story of Jack Ma’s rise to financial success
Alibaba rises to the top of e-commerce due to a shift in Chinese spending and the “Iron Triangle”
“Free” basic service draws in new customers and creates a virtual marketplace that transforms online shopping
Jack Ma’s big secret is that he is a “nice guy” who never gave up even when faced with adversity
A failed company and a trip to America introduce Ma to the internet
Ma’s business gets overtaken, but he finds inspiration in Yahoo and financial support from Goldman Sachs
China’s government worries about foreign influence, and the dot-com “bubble” finally pops
Alibaba markets to Chinese consumers, fights eBay, and makes a billion-dollar contract with Yahoo
Ma’s company successfully goes public but feuds with Yahoo and the Chinese government
Summary of the key insights
Selected critiques in brief
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Alibaba — Book Summary Snapshot
Who should read Alibaba book
- Entrepreneurs
- technology experts
- e-commerce vendors
- finance managers
About the author of Alibaba
Duncan Clark
British-born author Duncan Clark has dedicated his professional career to the research, study, and development of finance with a special emphasis on Chinese investment. Clark has utilized his fluency in Mandarin to build connections with top-level Chinese executives and open his own Beijing investment firm. He currently lives and works in China.
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