Jack Ma – On the biggest mistake foreign companies make in China

Jack Ma accepted a short interview during the Alibaba IPO.

He was asked why he thought many CEO’s and tech leaders failed in China.

He said this immediately,

“…send the entrepreneurs in there….not only the professional managers.”

What’s the difference between the two?

“…try to make your customers happy instead of your boss happy.”

And he concluded,

“…understand the market, have patience, and have the time to do that.”

Watch this excerpt of his interview by Bloomberg.

 

Jack Ma is well qualified to give these advice.

He is now officially the richest man in China. 

Guess how much his total fortune is?

The answer is in this article.