Foreign firms need to be patient when doing business in China: Alibaba's Jack Ma


Dec. 7 (NBD) -- Speaking at the Fortune Global Forum, Jack Ma, founder and executive chairman of Alibaba Group, the world's largest e-commerce platform, gave his advices to foreign companies that want to do business in China. According to him, there are three rules: first, respect the culture, respect the market, respect the consumers, second, have a strong leadership, and third, have patience because China is a huge market.