Jack Ma, the Chinese billionaire and Co-founder of Alibaba is not relenting in his argument of 9am to 9pm working day, and a six-day week.
His stance is currently generating heated debates all over the Chinese media. With some people supporting his argument while others called for his head.
Jack Ma On Economy
Jack Ma last week wrote that without the system, China economy was “very likely to lose vitality and impetus.”
This means that if the current working system is allowed to go on, then the Chinese economy will bear the brunt.
This position held by Mr.Ma was backed by the founder of JD.com, Richard Liu when he said that rapid years of economic growth in China had boosted the number of “Slackers.”
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If there is one thing to learn from Mr.Ma’s comment on Friday it is that he called the opportunity to work 996 hours a “blessing”.
China as a country has enjoyed economic growth averaging 10% up to three decades. From the late 1960s up to the mid 2000s. But has slowed to 6% in subsequent years.
The entrepreneurs’ comments come amid reports this week that JD.com is cutting jobs.
MR. Liu Comment
Mr Liu, who started the company that would become JD.com in 1998, recently wrote about his attitude to work, saying he used to set his alarm to wake him up every two hours to make sure he could offer his customers a full, 24-hour, service.
He wrote: “JD in the last four, five years has not made any eliminations, so the number of staff has expanded rapidly, the number of people giving orders has grown and grown, while the those who are working have fallen.
“Instead, the number of slackers has rapidly grown! If this carries on, JD will have no hope! And the company will only be heartlessly kicked out of the market! Slackers are not my brothers!”
Mr Ma co-founded Alibaba, sometimes called China’s eBay, in 1999 and has seen it become one of the world’s biggest internet companies.
The company’s market value is now approximately $490bn (£374bn), and Mr Ma’s personal wealth is estimated at around $40bn.
Last year, he announced that he would step down as executive chairman in the near future.