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#32 Alibaba: The House That Jack Ma Built
Founders
The Last Man Standing
Son interrupted Jack's presentation to tell him to take Softbank's money. Son invested in Jack based on his sense of smell. They met in Tokyo to negotiate, with Jack using martial art imagery to describe their meeting. Goldman had invested $5 million, which increased in value. Jack turned down $40 million and offered $20 million for 30%. Son replied with two words: go ahead. Alibaba faced troubles in 2001 and 2002.
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