Jack Ma should have become the world's richest man, but he died because of these four mistakes

Especially the last one became the biggest regret of his life.

As a person in the currency circle, do you know about Jack Ma's entanglement with blockchain?

Four regretful decisions in Jack Ma's career

1. The Bund speech storm

On October 24, 2020, Jack Ma's speech on the Bund in Shanghai became a turning point in his career. After that speech, he gradually faded out of the public eye and almost disappeared. The chain reaction caused by his remarks caused the Hangzhou real estate market to experience huge fluctuations overnight, and many real estate developers suffered huge economic losses. Thousands of wealthy people who were originally expected to be born also became a bubble.

2. Zhang Yong's failure to steer

In 2019, when Zhang Yong took over Alibaba, the company's market value was as high as 600 billion US dollars. However, by 2023, when he left office, the market value had shrunk significantly to 200 billion US dollars. Jack Ma once expressed his concerns about CFO serving as CEO, because such management often pays too much attention to financial statements and lacks control over the overall situation of the company. This concern was confirmed under Zhang Yong's management, resulting in Alibaba's market value being surpassed by other companies, and Taobao Tmall's market position was also seriously challenged.

3. Sun Tongyu's regretful departure

Excluding Sun Tongyu from Alibaba is undoubtedly a big regret in Jack Ma's career. Sun Tongyu, a technical genius known as the "father of Taobao", once stepped forward when Alibaba was in a loss dilemma and led the company out of the quagmire. He is also one of the founders of Alipay and an indispensable figure in Alibaba. However, for various reasons, Sun Tongyu eventually left Alibaba. Surprisingly, in 2015, he joined Pinduoduo and helped the company surpass Alibaba in just 6 years.

4. Like Buffett, he was timid in his later years and did not dare to enter web3 and ai, and even rejected blockchain.

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