here in Asia Jack Ma is the hero: alibaba is a mixture of ebay and Amazon and has revolutionized on line sales here in Asia.
when I moved here, we could only get some supplies in Manila. Recent prosperity gave us a mall so we now can get a lot locally, but with the virus, again on line buying is jumping by leaps and bounds... not just Alibaba but Lazada....now if I only could TRUST them I might even do it myself.
and it also will help us: Joy is looking into making our gourmet organic rice brand on line...because, like Amazon and Ebay, these companies sell from small vendors.
Jack Ma has promoted his way of selling not just in Asia, but in Africa where reports say it is growing by leaps and bounds.
there was once a "cheap computer" initiative in Africa that I supported 20 years ago, but since then what has happened is the smart phone revolution, where you can buy and sell and do your bank transfers on line. Jack Ma is one of those at the forefront of this revolution.
when Covid hit, and we needed test kits, Jack Ma donated quite a few to the Philippines to help screen folks so they could go in and out of Manila (which was very hard right after the virus hit... our food deliveries were hard to do because it might take hours to get screened. Now it only takes an hour or two, and the screening is done locally and you get an official paper pass).
So where is he now and why was he canceled?
NPR link. points out their cash system was replacing cash. So the excuse is "corrupution investigation" (cough cough cough /s) but the real problem is that he told off some big shots.
And then he ... not only he initially launched into an attack on the global financial regulatory system of banking, but then he kind of moved his topic to China and said ... that he thought they were out of touch and that, you know, there was a new revolution coming. It was actually almost a call for revolution in terms of the finance sector.
read the whole thing which explains why he is so important.
and then remember: Corruption is rampant in China.
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