Translation: Why have the majority of overseas Internet com… - Jack Mapanje

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Translation: Why have the majority of overseas Internet companies failed? Google fails, Yahoo failed, eBay and the like were all squashed to death by the locals? Is it because none are able to succeed in China? For every loser, excuses are abound, humans always try to search for excuses to justify failing, and tend not to search for direction towards success.

Jack Mapanje

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About Jack Mapanje

Jack Mapanje (born 1944) is a Malawian writer and poet. He was the former head of English at the University of Malawi, and is currently a senior lecturer in English at Newcastle University.

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In 2001, we went to raise some $3 million in venture capital in the U.S. and got rejected. So we’ve come back and raised a little bit more: $25 billion. This is not money; this is trust from the world, trust from the people.

Translation: China's future will be the place to formulate the rules of the next century... Because people from all over the world will be there. Thus doing business in China now is not merely making fortune, or searching for opportunity, but rather it is about being involved in the setting up the future rules of game.

When you have one billion dollars, that's not your money. That's the trust the society gives [to] you.

Translation: Why have the majority of overseas Internet companies failed? Google fails, Yahoo failed, eBay and the like were all squashed to death by… - Jack Mapanje

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