When Jack Ma and Pony Ma shared a stage at the 2010 IT Leaders Summit in Shenzhen, the two hugely influential Chinese technology tycoons were asked what they thought of the still-nascent field of cloud computing. The men, who are not related, gave starkly different answers.
Jack, who built Alibaba Group Holding, called the cloud a lifesaver for the future of his e-commerce conglomerate. “If we don’t do this, we will die,” he said. Pony, the chief of online entertainment giant Tencent Holdings, conceded that businesses might someday want to run their operations on third-party servers but argued it “would take centuries, if not a thousand years…to materialize.”
“It is simply too early” to explore the opportunity, he said. READ MORE
Similar Posts:
- China Definitively Reins In Jack Ma’s Ant Fintech Empire – Agreement Reached On “Restructuring” (ZeroHedge)
- Asia300: Chinese Companies Face Surging Write-offs (Nikkei Asian Review)
- After Jack: Alibaba Searches for New Growth in the Post-Ma Era (Nikkei Asian Review)
- China Seeks to Dominate Industries of the Future (WP)
- Billion-dollar Tech Startups Hold Promise for China’s Economy (Nikkei Asian Review)
- Chinese Tycoons Plant Money Management Flags on Wall Street (Bloomberg)
- Why Alibaba’s Jack Ma Can’t Seem to Win Over the U.S. (WSJ)
- PwC China Unicorn Survey 2019: Harnessing Innovation For Hypergrowth (PwC)
- How Huawei Grew and Its Prospects in the US (WSJ)
- The Strengthening Case for Investing in Asia
- How Does Tencent Compare With World’s Tech Titans? (Forbes)
- Bairong Inc (HKG: 6608 / FRA: 6B5): AI/Digital Transformation Services for Chinese Banks
- China’s Great Leap Forward in Biotech (Nikkei Asian Review)
- China Internet Flash Report: 2015 & Beyond + an Overview of 2014 Results (KraneShares)
- Alibaba Reorg (Interconnected)
