Alibaba: The House That Jack Ma Built by Duncan Clark
My rating: 4 of 5 stars
“Most people think of Alibaba as a story, It’s not just a story, it’s a strategy.”
Rarely does the last line of a book carry as intriguing a summary as above. Having taken almost two months to complete the book on Alibaba, you don’t fail to miss out on how Jack Ma has evolved the Company from a B2B business to a conglomerate in various sectors with a clear focus.
For any business to be successful in the long-term, and I resonate with this philosophy, he says always put consumers first, people second and profits third . Without consumers you don’t have a business and without having a happy workforce driving that business you can’t have profits.
Here’s a story of a school teacher from a province in Southern China going strength to strength with his single focus on giving the best to his consumers and workforce without really concentrating on profits.
Inspirational, intriguing and detailed, the book gives a detailed account for those interested in understanding what has shaped the new internet economy of China today. Besides talking about Alibaba, it also reflects on the regulatory and competitive environment of the sector.