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#32 Alibaba: The House That Jack Ma Built

Founders

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EBay's Curious Decisions and Jack Ma's Insights on Power and Strategy

Meg Whitman's decision to spend $100 million to upgrade the site and advertise was welcomed by Jack, who jokes that he will cut a hole in eBay's pocket. Jack emphasizes that businessmen understand how to use resources efficiently, and the power lies in the people controlling the capital. He criticizes Whitman's reliance on money as a strategy and explains the importance of having different strategies and tactics when facing rivals.

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