Jack Ma is China’s most illustrious e-commerce businessman. Ma founded China’s answer to Amazon and Google in 1999, and he named his company, Alibaba after the character Ali Baba in the Arabian tale One Thousand and One Nights. Alibaba provides business-to-consumer, business-to-business, and consumer-to-consumer sales and services via the Internet. The company also has an electronic payment arm, a data-centric cloud computing service, and a shopping search engine. The Alibaba.com website also connects Chinese manufacturers to foreign buyers. Ma’s company is now the largest retailer in the world. The company does business in more than 190 countries, and it surpassed Walmart, Amazon, and eBay in sales and profits in 2015.
Recently Ma expressed his concern for the future of the global economy. He said the world will experience a lot of pain over the next 30 years because of the Internet and the advancements in business technology. Ma believes social conflicts will have a negative impact on all businesses. He is also critical of the banking industry. He said banks should make lending available to more members of the global society. Jack also believes cloud computing and artificial intelligence are essential for future business transactions, and if business leaders don’t understand that fact, they should hire more Millennials that understand the importance of these new technologies.
There are 644 million active websites on the Internet, and new websites are added to the Internet every day. Many of those websites are business related sites and they are having a major impact on brick and mortar businesses and retailers. Other people who want to establish a presence on the Internet usually view this website, in order to build a website, or take advantage of their hosting, registration, domain names, and web marketing services.
Thanks to that website, Millennial entrepreneurs are impacting … Read More ...