Alipay (the subsidiary of Ant Financial Group) is probably the most well-known name in China. Chinese use this application several times a day: they pay through its QR scanning payment or manage their asset through its mutual fund – Yue’bao. But unlike its hot creation, Ant Financial was pretty much forgotten by the public. Born in 2004, it evolved from a small department of Taobao that housed only a handful of employees doing settlement work using the simplest spreadsheet of those days. Within a decade, it has established itself as the most valued internet finance enterprise in China transforming the entire financial industry with its massive data and powerful technology. The book tells of Alipay’s journey from “nobody” to the most widely-used payment system, and also records significant stages in its evolutionary history. The book also provides abundant reference and inspiration on entrepreneurial thinking, business concept, corporate culture, operating mode and personnel philosophy.
Jack Ma said Alipay’s independence from Taobao was an imperfect but correct decision. Its story of development not only mirrors Jack Ma’s transformation from a start up beginner looking for an angel investment to an entrepreneur who values independent business, but also traces all the steps of innovation and experimentation of the Alipay team – looking ahead and fearless as their leader Jack Ma. When the fast-growing internet market has cultivated mighty participants in the industry such as Wechat and JD.com, Alipay is urged to think hard about how to get ahead. With the launch of Alipay, Ant Financial has crossed borders in recent years – bringing to market products that are suitable for the average person, such as Zhima Credit and small loans for rural areas, so that they could gain access to the financial world; it exported a payment technology to keep track of the long-term development on the globe. Admirable, however, is that in the ever-changing environment, it has never lost the original dream that everyone should enjoy the convenience of the internet.
Jack Ma is definitely one of the most successful entrepreneurs in the world and he is also seen as a global ambassador for Chinese business. He spent 20 years building Alibaba into the biggest Chinese Internet tycoon, which has now been one of the world’s most admired companies. A number of entrepreneurs have been following in his footsteps enthusiastically, and people have been trying to discover those amazing features of this so-called “alien entrepreneur”.Dating from his first start-up experience of establishing Hope Translation Agency in 1992 to the listing of Alibaba in 2014, the book portraits the life story of Jack Ma’s 22 years of start-up journey and records every critical moment in Alibaba’s development history. Besides, the book will serve as a window for you to acquire a comprehensive understanding of China’s e-commerce development.The full edition is coming soon.
Double 11 (November. 11th) is an online shopping festival first created by Alibaba. Known as the biggest shopping carnival in China, it was born in Hangzhou, then flourished in the Internet and came with the new economy, and it is now making a significant contribution to the whole world.Since Taobao Mall was established in 2009, Double 11 has been developing for more than 8 years, and saw amazing achievements in both technological innovation and business mode upgrade. It seems that November 11th has been a symbol for the end of a year while a start for the forthcoming future. This book gives a full picture of the technology and commercial development of Double 11 throughout the past 8 years. There is story of how the Alibaba engineers had strived to keep the infrastructure stable under tremendous traffic and how the group had advanced in mobile terminal and energised the merchants. It not only encompasses abundant researches on the leading-edge technologies such as cloud computing, big data, artificial intelligence and Internet of Things, but also provides a deep insight into the business domain ranging from e-commerce, financial, customer service to logistics. It is sure that both Internet amateurs and business practitioners will feel great harvest after reading the book.The full edition is coming soon...