Jack Ma: From "Entrepreneurial Hero" to "Capitalist"?
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Jack Ma: From "Entrepreneurial Hero" to "Capitalist"?Jack Ma, a leading figure in the internet era, led Alibaba to go global and achieve international success. His story has inspired countless entrepreneurs
Jack Ma: From "Entrepreneurial Hero" to "Capitalist"?
Jack Ma, a leading figure in the internet era, led Alibaba to go global and achieve international success. His story has inspired countless entrepreneurs. However, as time has passed, the public's perception of Jack Ma has shifted. The once "entrepreneurial hero" is now labelled a "capitalist," even facing public criticism from Peoples Daily. What is the reason behind this change?
"996" is a blessing? Jack Ma's double standard statements
In recent years, the "996" work system has become prevalent in the internet industry, sparking widespread controversy. This work system requires employees to work from 9 am to 9 pm every day, with six working days a week, severely infringing upon employees' rest time and violating the "National Labor Law." In a 2019 live speech, Jack Ma publicly stated that "996" is a blessing, an opportunity that young people should cherish.
However, in an interview in 2015, Jack Ma choked back tears as he confessed that he rarely had time to spend with his family due to his busy work schedule. He expressed guilt about this. This contradictory statement has made many question Jack Ma's true intentions, believing he is imposing his values on his employees and seeking excuses to evade responsibility.
The entrepreneurial hero's success story
Jack Ma's success is not accidental. He wasn't exceptionally intelligent, his math scores were so poor that he took the college entrance exam three times before being admitted. However, he possessed extraordinary English skills and harbored a dream of entrepreneurship.
In 1992, Jack Ma founded a translation agency. Despite initial difficulties, he persevered and ultimately achieved success. He then traveled to America for research, witnessing the potential of the internet and recognizing that a new era was dawning in China.
Upon returning, Jack Ma established China's first commercial website, "China Yellow Pages." However, disagreements with Hangzhou Telecom forced him to leave. Despite this early entrepreneurial failure, Jack Ma didn't give up. He eventually founded Alibaba in 1999.
Alibaba faced numerous challenges in its early stages: a shortage of funds and frequent technical issues. Jack Ma sought investment everywhere, but was repeatedly rejected. It was only with an investment from Masayoshi Son that the company survived.
In 2003, the launch of Taobao completely ignited the Chinese e-commerce market. Under Jack Ma's leadership, Alibaba continued to grow and dominate various sectors. Jack Ma's success story inspired countless entrepreneurs, making him a "hero" in the hearts of many.
The inflation of capital and Peoples Daily's criticism
However, as Alibaba continued to grow, Jack Ma's ambition became increasingly evident. He shifted his focus to the financial sector, founding Ant Group with the aim of monopolizing the market through capital.
On the surface, Ant Group is a convenient financial platform. However, it is actually a business based on high-leverage loans. Ant Group offers loans to users through its online platform and earns high interest rates in return. Jack Ma bears minimal risk, should any problems arise, the ultimate loss will be borne by the nation and its people.
In 2020, Ant Group was preparing for its IPO, but it was halted by the state. Peoples Daily's criticism of Jack Ma became even more pointed, stating that as a leading figure in the internet sector, he should focus on technological innovation rather than solely seeking "traffic" from the public.
Peoples Daily also pointed out that advocating for effort does not equate to forced overtime, efficiency is key. Jack Ma's promotion of the "996" work system, is not so much a pursuit of effort, as it is an exploitation of employees.
Did the era create the hero or did the hero create the era?
Jack Ma's success cannot be separated from the context of the times, but he is not the only protagonist of this era. The development of the internet is an inevitable result of the progress of the era. Jack Ma, with his business acumen, was simply one of the first to enter this field and achieve success.
Therefore, it was a great era that made Jack Ma and not Jack Ma who created the era.
Conclusion
Jack Ma is a complex individual, both his successes and failures deserve discussion. He transformed the lifestyle of Chinese people, but also attempted to utilize the power of capital to monopolize the market, which has sparked societal controversy.
As an entrepreneur, Jack Ma should bear in mind his social responsibilities. He should not only consider his own interests, but also make greater contributions to society. Ultimately, history will render a fair judgment on him.
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