Ep. 779: Ming Zeng Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 730 Ratings
🗓️ 12 July 2019
⏱️ 40 minutes
🧾️ Download transcript
Summary
My guest today is Ming Zeng. He was chief strategy officer of Alibaba Group from January 2008 to 2019. He joined the company in August 2006 as executive vice president of strategy, and served as acting president of China Yahoo! from November 2006 to December 2007.
The topic is his book Smart Business: What Alibaba’s Success Reveals about the Future of Strategy.
In this episode of Trend Following Radio we discuss:
- He explains how Alibaba and companies like them are using these technologies to automate decisions, develop new products, and plan strategic positioning.
Jump in!
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I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.
To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/
You can watch a free video here: https://www.trendfollowing.com/video/
Can’t get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast
My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel
Hope you enjoy my never-ending podcast conversation!
Transcript
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| 0:00.0 | This is trend following radio where great thinking comes alive. |
| 0:10.9 | Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings. |
| 0:21.2 | I am your host, Michael Coval. |
| 0:24.0 | Not filtered, raw, honest. |
| 0:27.4 | That's my passion. |
| 0:33.4 | In my hands, I currently hold a new book, Smart Business, what Alibaba's success reveals about the future of strategy. |
| 0:43.8 | Now, I have to give this author some credit. |
| 0:47.2 | The endorsements on the back of this book. |
| 0:50.5 | As a fellow author, I'm jealous. |
| 0:53.5 | Eric Schmidt, former chairman, chief executive officer of Google, |
| 0:58.6 | Michael Spence, Nobel Prize winner, Chan Kim, who wrote the great book Blue Ocean Strategy, |
| 1:06.5 | Peter Thiel, no introduction needed. Those are some fabulous names. |
| 1:12.6 | And on top of that, Jack Ma wrote the forward. |
| 1:16.4 | My guest today is Ming Zing. |
| 1:17.7 | He was the chief of staff and strategy advisor to won Mr. Ma at Alibaba for over a decade. |
| 1:25.3 | He was right there, involved directly as this company grew to a decade. He was right there involved directly as this company grew to a $400 billion company. |
| 1:33.6 | Now for me, I find it just absolutely fascinating how this company put things together because |
| 1:39.8 | there was no infrastructure in China to build something that combines Amazon, eBay, PayPal, FedEx, |
| 1:52.0 | all of these operations, all of these big companies in America, there were some toehold, |
| 1:57.7 | some understanding. |
| 1:59.6 | I mean, even if PayPal came from the banking industry concept, |
| 2:03.1 | there was some understanding. Everything in China, these guys at Alibaba had to put it all together |
... |
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