The latest Sunday Edition of CBS News' 60 Minutes featured a very revealing and interesting interview with Jack Ma. Lara Logan's interview was very revealing in many respects that underscored the drive and desire of someone who truly lived up to the Japanese Admonition to fall down seven times and stand up the eight. The idea that someone was able to insure that within a span of 15 years be involved with almost 40 percent of the Chinese Population and be able to keep the Government of China at bay is just heartening. He also underscored his bluntness when he noted his admonition to the Government: Create Jobs or you're in trouble.
Jack Ma's bravado does mask some of the inherent challenges faced in China Today. The Government in Beijing can take Alibaba over tomorrow and all that hard work will dissipate in a heartbeat. The current Chinese Leadership, though, is not that much of a fool to do something as Alibaba begins its journey to dominate the World. One other thing that US Companies should embrace was this; Jack Ma's priorities. He noted three key priorities: customers, employees and Shareholders. He was blunt: If you don't like our philosophy, don't buy our shares. It is a philosophy that is refreshing to hear which should be embraced by US Companies.
Beyond Alibaba, though, there is the plight of the company that also bought into Alibaba where few others did: Yahoo. Yahoo is staying in the game partly as a result of Alibaba and the successful IPO. It made 6 Billion Dollars--but it is still trying to figure out how it lives on in the shadow of Google & Facebook. This chart published by the Business Insider Team underscores the extent of the challenge being faced by Yahoo right now: