Alibaba, an internet company that focuses on B2B, complete its IPO in New York America. Meanwhile, the founder of this internet company, Ma Yun, has become the richest man within China. Shortly after that he gave a speech on his opinions to success. There is one part that the public found controversial. The translated version is basically “you are poor because you do not have the courage to begin, you are poor because you do not have the ambition to success, you are poor because you have wasted your youth. If you are still poor at the age of 35, you deserve it.” However, Regardless of how encouraging or biting the speech is, I found this is actually a veiled strategic movement. People who disagree with him might be furious but will still use Taobao, which is the online market that Alibaba gain profit from. Because it is absolutely dominating the Chinese market, there are no any substitutes that can provide such diverse services like Taobao does. However, people who find it encouraging will be inspired trying to start a business when they are young. But starting a business in the cruel competition in China is hard and establishing a small scale shop on Taobao has been one of the easiest ways for the past ten years. That really helps Alibaba survive longer, because the online transactions is the core of their revenue stream.
The speech of the China’s richest man –“If you are still poor at the age of 35, you deserve it.”
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