When Jack Ma was being interviewed by CNBC about the biggest IPO in the world, something struck me that I wanted to share. America is an already established, well-oiled machine, in terms of infrastructure, as opposed to China who has not had that for the last 20 years. Even today, China is still trying to establish the infrastructure and systems to be more like a modern country.
One thing that really stood out in that interview was the discussion about trust. Alibaba got a lot of money and a lot of trust from the shareholders, many of whom are actually small business owners.
Blog by Savio Chan 