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#32 Alibaba: The House That Jack Ma Built

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The 1001 Mistakes of Alibaba

In Beijing, Alibaba's water cube turned into a mission control for the Chinese middle class during the 1111 Global Festival Shopping Gala. Within 24 hours, shoppers made over $14 billion in purchases, surpassing Cyber Monday. Despite starting with no money, technology, or plan, Alibaba's success today is attributed to its competitive edge in e-commerce, logistics, and finance. Unlike Amazon, Alibaba's consumer websites carry no inventory, making buying easy and worry-free.

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