Alibaba’s billionaire founder Jack Ma: “The world is so cruel that only with much of your own efforts plus a bit of luck can you survive the black forest. Never expect anyone. Count on yourselves. ’

Jack Ma to Set up A College for Entrepreneurs in Two Years

By Chelsea Dong on April 23, 2013

Jack Ma, who is about to resign as CEO of Alibaba Group soon, revealed at an event on the past Sunday that he was planning to found a college for entrepreneurs in about two years in collaboration with some of his friends. He once said he would set up a business school with Feng Tang, a real estate tycoon. He also advised entrepreneurs not to count on big companies to save them. He said, ‘Never dream of saving your lives with help from big companies. The world is so cruel that only with much of your own efforts plus a bit of luck can you survive the black forest. Never expect anyone. Count on yourselves. ’ On May 10, Jack Ma will retire from his post as CEO and become the chairman. He seems to quite look forward that day. He said, he would do what he likes after that day and enjoy the simple relaxing life after resignation. Regarding the dreams other than the business school, he said, “I don’t want to leave much regret when I leave the world.”

 

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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