Why did Joe Tsai quit his 700,000 salary last year to join Alibaba?

Trust. If there is no basic trust between people, then doing things together is a torture. No one wants to work in an atmosphere of mutual suspicion, vigilance and confrontation.

From the point of view of organizational efficiency, such a tension model is also devoid of combat effectiveness, air-to-air attrition, and has no sustainable development. A plate of loose sand, a rabble.

Therefore, a team can have no money, no resources, and even no business model, but as long as the members of the team can work together and work together, then the team can already grow, even if it is a second-rate thing, it can also make a first-class career.

For example, Alibaba. Before founding Alibaba, we all knew that Jack Ma was an entrepreneur who had repeatedly failed. But there are still 18 people who believe in him and support him, even if they don't know or understand what he's doing.

This touched Tsai Chongxin. In 1999, Tsai Chongxin was already a top talent in the capital field, with an annual salary of 700,000 US dollars, and went to see Ma Yun because his company was preparing to invest in Alibaba. In Jack Ma's words, Tsai's income at that time could buy more than a dozen Alibaba of that year.

However, Tsai Chongxin still devoted himself to Jack Ma's team without hesitation, and only received a monthly salary of 500 yuan. I've seen their 18 founders, all of whom are students of Jack Ma, a group of people who have never been abroad, but all of them are energetic and fierce, and they feel very peculiar. I told Ma Yun, you send me the list of shareholders, I will register the company for you, and Ma Yun sent a fax, and 18 people are on it.

Although they are both students of Jack Ma, Jack Ma sees them as founders and partners. Sharing it with my peers, which is not common among founders, was tempted. ”

A true leader can infect everyone, and Jack Ma's charisma has convinced this Yale top student. "Who to do with, how to feel with people, whether there is integrity, what kind of character, whether it is trustworthy, whether there is friendship. If you feel that the other person will take care of you, you will have the courage to take a leap.

I absolutely believe in the human factor. Later, Tsai Chongxin made a vital contribution to Ali, so that Ali took a lot of detours, Ma Yun sighed, if he had to choose the most grateful person, it was Tsai Chongxin.

Because he has a good relationship with Jack Ma, and Alibaba's prospects are very good.

Because Tsai believes that Alibaba's future development will be very good, he chose to join Alibaba.

Because Alibaba itself is relatively strong, and the future also has unlimited potential, so it is not surprising.

Take a gamble, and if you lose it, you can still earn 700,000 yuan in annual salary without loss....

Winning has made Tsai Chongxin.

Because Alibaba's strength is very strong, she also firmly believes that Alibaba's future is very long-term, and there is a very good future.

I think she probably thinks that Alibaba's market potential is huge and the future is bright.

Fancy the development prospects, has the potential to become China's No. 1 e-commerce enterprise.

Because Tsai Chongxin has taken a fancy to the development of Alibaba, as well as the leadership ability of Jack Ma.

Because after meeting Ma Yun, I have a more accurate vision of people, and I think he will succeed.

Maybe some of Jack Ma's abilities did impress him, and it was worth his gamble.

It may be that I feel that Alibaba's potential is unlimited, so it is more convenient for myself.

Didn't quit, just changed positions.

On June 19 this year, Daniel Zhang announced in an open letter that Alibaba CFO Wu Wei will also serve as the head of the group's strategic investment department, which means that Tsai Chongxin will bid farewell to the work of war investment. However, Tsai Chongxin has not left Alibaba and still serves as the executive vice chairman of Alibaba Group.

Introduction:

Tsai Chongxin, whose ancestral home is Shuanglin Town, Nanxun District, Huzhou City, Zhejiang Province, was born in Taiwan, China. Canadian-Chinese. He received his B.A. in Economics from Yale University and his J.D. from Yale Law School. He is one of the founders of Alibaba Group.

Joe Tsai joined the company in 1999 and established Alibaba Group's Hong Kong headquarters as an advance force that year. He was a non-executive director of Alibaba Health. He is currently the Executive Vice Chairman of Alibaba Group and a member of the Board of Directors of NBA China.

Ranked 147th on the 2019 Forbes Global Billionaires List.

On February 26, 2020, Joe Tsai, Executive Vice Chairman of Alibaba Group and owner of the Brooklyn Nets, announced that he would donate RMB 25 million in the joint name of the Joe Tsai Charity Association and the Nets, focusing on supporting medical staff and institutions.

In the eyes of many people, Alibaba's achievements are second only to Jack Ma for his achievements, because Alibaba was made from scratch by Jack Ma and him. So, what is the talk of Joe Tsai within Alibaba? It is rumored on the Internet that Ma Yun fired Tsai Chongxin, what is the truth?

The relationship between Jack Ma and Joe Tsai.

Tsai Chongxin, this is one of the most trusted men of Ma Yun, he has a very legendary story with Ma Yun, without Ma Yun, there is no Alibaba, but without Tsai Chongxin, there is no Ma Yun. For Tsai Chongxin, in 1999, he could get a job with an annual salary of 700,000 US dollars, which was basically the peak for him at that time, and there would not be much room for further promotion. On the contrary, following Jack Ma, although from the perspective of the environment at the time, Alibaba was still a start-up company that was being favored by investment companies, but Ma Yun's leadership, personality charm and relationship with subordinates, as well as the prospects of Jack Ma's projects, all attracted Tsai Chongxin.

Therefore, choosing to give up your existing high-paying job may be risky, but if you succeed, the reward will be even greater. In fact, it also proves that Tsai Chongxin's choice after careful consideration was right. Tsai Chongxin's choice may be risky in the eyes of many people, but he still has a way out, first, Yale's degree has a high gold content, second, his industry experience allows him to retain his way out even if he tries to fail, and third, the accumulated wealth of his family and individuals is guaranteed for his future life, which is enough to support him to spend more time trying to start a business.

Therefore, this attempt is also worth it for Tsai Chongxin. Tsai Chongxin's giving up a million-dollar annual salary and then joining Jack Ma's team can be said to have become a widely praised thing in Alibaba's entrepreneurial history. Many people admire Tsai Chongxin's vision and courage, and of course, what they admire even more is Jack Ma's personality charm.

How important Tsai Chongxin is to Alibaba can be seen from Alibaba's B2B listing in Hong Kong in 2007. Before going public, Alibaba had four board seats, one for SoftBank, one for Yahoo, one for Jack Ma, and one for Joe Tsai. After the listing, it was also stated in the public prospectus that Tsai Chongxin still occupied a seat on the board.

So there is no doubt that Joe Tsai is Alibaba's No. 2 person. It is not difficult to understand that the appearance of Tsai Chongxin is like a rescue sent by God for Ma Yun, not to make Ali "like a tiger with wings", but to let Ali grow into a "tiger" step by step.

At the beginning, Tsai Chongxin decisively gave up his annual salary of 5.8 million yuan and chose to take a monthly salary of 500 yuan to start a business with Ma Yun, which is also very commendable. At present, Tsai Chongxin has not actually left Alibaba and still serves as the executive vice chairman of the group, so it is obviously a rumor that Ma Yun fired Tsai Chongxin on the Internet.

Why did Tsai Chongxin give up his annual salary of 5.8 million yuan and follow Ma Yun to get a salary of 500 yuan, the ending proves everything.

Tsai Chongxin threw away his million-dollar annual salary to work with Ma Yun, many people have heard of it, but they don't know the real reason behind it.

Mainly at that time, he also saw the hope of the market, although the short-term salary is relatively small, but the long-term salary will be very high, and his vision is also very far-sighted.

I guess Ma Yun's personal charm is greater, or it's better to have a private relationship.

This is the biggest difference between people with vision and us ordinary people, who dare to create a new future.

For him, I think he is a very remarkable person, and he is a person who is indeed visionary.

It is estimated that Ma Yun's idea is relatively good, and it is also very promising.

Because he is engaged in investment, through the survey. For a new product and project, he sees the hope of wireless, for how to plan the future, has a firm belief, for Ma Yun's company, maybe there is a lack of a talent like him, all the coincidences, he followed the right person, and he also played a maximum value.

Even if he fails, it will be easy for him to find a job with an annual salary of one million.

Because he believes in Ma Yun, this is a long-term vision, which is really powerful.

Because he feels that Jack Ma's planning is very well done and promising.

No matter how much you say, it's not the most fundamental reason, the most fundamental thing is that people have the ability, and if they have the ability, they have the confidence, they can afford to play, and Ma Yun succeeded in leaving a name in history, and failure is just a temporary loss of a job for Lao Cai, and people can find another job with an annual salary of 5 million with their ability, and people who want his ability and identity are all on the ranking list of world-class headhunting companies, and they don't worry about failure and no food. Do you dare to give up a stable income to engage in the Internet with an English teacher with no foundation, no capital, no connections, and a group of students?

Maybe it's because I value Ma Yun's talent that I will follow him.

The difference between a person with lofty aspirations and a person who is interested in the immediate good.

That was his vision, otherwise how could he be today?

The key is to have vision and strength.

I have confirmed my eyes and met the right person.

First of all, their three views should be the same, so they can reach an agreement on doing things, they can reach an agreement, and the goal is the same, so they can cooperate for a long time.

Jack Ma's founding of Alibaba has always been a great story in the history of entrepreneurship, from the beginning of its establishment to its development, it has encountered many life and death problems along the way, and it can always be solved at the most important juncture. Among Alibaba's 36 partners, only Jack Ma and Tsai Chongxin are permanent partners, and he is a noble person of Jack Ma and Alibaba.

Tsai did not join Alibaba in 1999 after its initial appearance, but was sent to Hong Kong as an advance force to set up the Alibaba Group's Hong Kong headquarters. Prior to joining Alibaba, Tsai worked for a German investment firm, where he was a vice president and senior investment manager at InvestorAsia Limited, a subsidiary of Investor AB, the largest industrial holding company in the Nordic region, from 1995 to 1995, with an annual salary of $700,000. Prior to that, Mr. Tsai worked as a lawyer in New York for three years.

Ma Yun met Tsai Chongxin mainly to discuss investment matters, but he didn't expect this conversation to talk about Tsai Chongxin. Tsai Chongxin initially negotiated with Jack Ma on behalf of the company, and during the negotiation process, Tsai Chongxin found that Jack Ma's idea was promising, and out of sensitivity to capital, Tsai Chongxin found him the day after negotiating with Jack Ma and said that he wanted to join Alibaba. Tsai's surprise visit took Jack Ma by surprise.

You must know that Cai's assets at that time were able to acquire dozens of companies like Alibaba.

Fortunately, Ma Yun wanted to make Ali bigger, so he did not refuse such a great god, you must know that normal small companies will not do work on listing and equity in the early stage, let alone standardize the operation of enterprises. And Ma Yun, a big Buddha like Cai Chongxin, has the courage to leave him behind, and I have to say that talented and far-sighted people are really terrible. Cai became CFO after joining Alibaba, and his monthly salary at that time was only 500 yuan, less than one thousandth of the original one.

Cai's arrival gave Alibaba a chance to reinvent, and it was with Cai's joining that Alibaba officially became a company, and before Alibaba was just a "three-no team". Although most of the focus was on Jack Ma and Masayoshi Son, Tsai's decision to Alibaba's success was crucial, whether it was leading the acquisition of China's Yahoo or the establishment of the Hong Kong headquarters and later Alibaba's two IPOs.

Some people say that Son Zhengyi is Ma Yun's nobleman, but in fact, Tsai Chongxin is. He is not only a noble man of Jack Ma, but also the planner of Alibaba, without him, I believe that even if there is Son Masayoshi, there will be no current Alibaba.

Maybe the two of them, their personalities are either an attitude towards things, or their business is more compatible.

Because the two have been partners for many years, they also contributed more when they started their business

It's that they think the same way and do things the same way.

I feel that he helped Jack Ma when he was in a difficult situation before.

Because he is the only one who has been working with Jack Ma at the very beginning.

Because the two of them believe in each other, they become permanent partners.

Because both of them are very talented and know how to work better with others.