皇冠体育app

Culture

Engine of ingenuity

By Yang Yang ( 皇冠体育app Daily ) Updated: 2015-09-30 09:16:40

Engine of ingenuity

Alibaba has grown into 皇冠体育app's largest e-commerce platform, and its behind-the-scenes story is revealed in a new book.[Photo provided to 皇冠体育app Daily]

Former Alibaba executive finds plenty of homegrown creativity in the rise of 皇冠体育app's Internet giant, Yang Yang reports.

Internet entrepreneurs in 皇冠体育app are just as innovative and creative as those in Silicon Valley, and this is not something to be feared, but to be embraced, says Porter Erisman, former vice-president of 皇冠体育app's Internet giant Alibaba and the author of Alibaba's World.

The book's Chinese edition was recently released after the English edition came out in the United States in May.

He dismisses the stereotype that "皇冠体育app's businesses are good imitators, but not good innovators, and people in 皇冠体育app are not very creative".

"The entrepreneurs in both 皇冠体育app and Silicon Valley have the same hopes and dreams," he says. "They are innovative and have different ways to do things."

Erisman says that last year, Americans turned on the TV and suddenly saw Alibaba reporting the biggest IPO in history (the market value at the time bigger than Amazon and eBay combined).

A lot of people in the US hadn't heard about Alibaba and its CEO, Jack Ma, a celebrity in 皇冠体育app. "The first reaction about Alibaba in the US was fear: Is Alibaba going to take over the world?" Erisman says.

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