Friday, Sep 19, 2014Friday, Sep 19, 2014
Business
 

Alibaba's Jack Ma: Investors, entrepreneurs are like husbands and wives

Published on May 13, 2014 3:12 PM
 
An employee is seen behind a glass wall with the logo of Alibaba at the company's headquarters on the outskirts of Hangzhou, Zhejiang province, April 23, 2014. Mr Jack Ma, the founder and executive chair of Alibaba Group Holding, said investors and entrepreneurs can fall out like domestic couples squabbling over their children in a blog post published late on Monday as the Chinese e-commerce juggernaut prepares for its blockbuster initial public offering. -- PHOTO: REUTERS

BEIJING (REUTERS) - Mr Jack Ma, the founder and executive chair of Alibaba Group Holding, said investors and entrepreneurs can fall out like domestic couples squabbling over their children in a blog post published late on Monday as the Chinese e-commerce juggernaut prepares for its blockbuster initial public offering.

"The relationship between investors and entrepreneurs is like a couple's, nobody can say who is taking advantage of the other," Mr Ma said in an emoticon-filled post, written on Alibaba's mobile social networking app Laiwang.

"Also, it is common for them to quarrel and break up because they have different opinions over how to raise and educate their child," he said.

Alibaba, the world's biggest e-commerce company, is preparing for its US IPO after filing its prospectus last week . This has the potential to be the biggest tech company listing yet, according to analysts, surpassing Facebook's US$16 billion filing in 2012. "Investors know they aren't your guardian angel," Mr Ma continued. "The reason they invest in you isn't because they're kind-hearted."

 
If you are not a subscriber, you can get instant, unlimited access here

Videos