CHIEF executives of the worlds banginggest companies will meet Apec leaders at Suntec direct to begin discussions on ways to rebuild the global economy.
nevertheless yesterday, Chinese entrepreneur Jack Ma of alibaba.com had a diverse message for 700 bosses of small and medium-sized enterprises (SME) attending the Apec SME Summit at nigh Raffles City: Small is beautiful.
In the last century, risky was better, verbalise the China-based e-commerce companys founder. But in the 21st century, I believe small is beautiful because it is not about how a good deal equipment you have, it is about how quickly you atomic number 50 change yourself to meet the market.
Giving a rousing tonic address at the event - regarded as a sideshow to todays Apec chief executive officer Summit - Mr Ma took a poke at larger corporates that suffered beatings during the financial crisis.
Speaking to a packed ballroom, he verbalise the crisis had been disastrous for many risky names in the West. All the big companies which we all wishinged to be like - today, they have all died. But we SMEs - yes we felt the pain - but we are happier now because we survived.
Mr Ma, who trained as a high school teacher in Hangzhou, founded the Alibaba Group in 1999 after successfully jump China Pages, widely believed to be the mainlands first dot.
com, in 1995.
A popular speaker at global business conferences, he also gave his take on government bailouts offered to larger companies and financial institutions.
We have heard so many stories about big companies in trouble... They are the troublemakers, we should not give them so much support, let them die, it is time for them to die, he said, to loud applause.
Mr Ma added that if governments want strong economies, they should turn their attention to SMEs and give incentives to individuals starting their deliver businesses.His reason: SME owners may start small, but they dream big: We believe we are tomorrows Google, we believe we are tomorrows...If you want to trip up a full essay, order it on our website: Ordercustompaper.com
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