3 drives and 3 opportunities Jack Ma cannot only imagine sales of $9 billion in one day, but he achieved it. Alibaba, the business he founded is now the biggest retailer in the world and it has no shop front anywhere. Alibaba is now 3 times bigger that Amazon and E bay combined. When asked […]

3 drives and 3 opportunities Jack Ma cannot only imagine sales of $9 billion in one day, but he achieved it. Alibaba, the business he founded is now the biggest retailer in the world and it has no shop front anywhere. Alibaba is now 3 times bigger that Amazon and E bay combined. When asked why Alibaba was so successful, Ma pointed to three critical factors: It was an idea that’s time had come There was limited physical alternatives in China He provided a world class eco system Certainly online retailing is in a growth phase and ma predicts it will rsie to 50% of all retailing. I agree with him. China does not have the bricks a mortar retailers throughout the country that we have in the west and this has no doubt aided growth in China. Ma is not a retailer. He leaves retailing to the retailers. He…