Tuesday, September 30, 2014

Another reason America's economy never fails!

When my talented nephew Min introduced me a company called Alibaba few years ago, I was not so excited of it's business scope. But it surprised me when I found more than a dozen trading Burmese companies were being listed with their products on it's website. The name alibaba itself is not so appealing to me since it seems associated with "theft", don't you? Today Alibaba enters the legendary New York stock exchange, where heavyweight businesses haboured. Jack Ma, who crafted 'Alibaba' from his tiny apartment in China in 1999, is the founder of today's $231 billions worth online trading business. According to NYSE, Alibaba is the first ever company with the biggest asset that entered in the history. Believe it or not, it's asset is now larger than eBay and Amazon combined!
Jack Ma is smart! He makes money from the third world like Burma and knows very well his asset value cannot be stable in the volatile third world. He makes sure his wealth stays in the solid financial world, which is not even in Europe; it is United States! How the hack of this guy who was born and raised in capitalism-prohibited communist country China knows how to grow business and find the financial safe haven?
In any given corner of any part of the world, Chinese and Indians are historically the leaders in shaping business and economy. This tradition will continue indefinitely; whether you agree/like it or not. Moreover they are smart in where to keep their money!
Decades ago, my classmate murmured the America 's economic leadership would go down in the history. It turned out that's not true when looked it it's tracking. Jack Ma has proven it!
This is another reason America 's economy never fails!

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