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Jack Ma To U.S. Firms: Quit Complaining About China


(PYMNTS)

With China and the U.S. possibly rolling toward a trade conflict, Alibaba founder and chairman Jack Ma had a defense to offer of his native land and complaints that it makes the barriers to entry too high for outside companies.

Ma posits that perhaps foreign firms find it so difficult to enter because they have not been approaching the nation correctly thus far.

“I gave advice to Jeff Bezos 10 years ago,” Mr. Ma said, referring to Amazon.com Inc.’s chief executive. “I said: ‘Please send people with entrepreneurial spirit, not professional management. Because wherever you go, doing business in another country is very difficult.’”

Ma also noted that outsiders need to come prepared, and then be ready to spend a decade waiting to get the operation really going. Click here to read more.

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