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04-09-2016, 01:20 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
When Chinese internet tycoon Jack Ma was starting his career, he reportedly got rejected by dozens of employers, among them Kentucky Fried Chicken, which had recently entered China at the time. He later went on to become China’s richest person, founding e-commerce giant Alibaba. Now Alibaba’s financial affiliate Ant Financial will become part owner of KFC in China through an investment in the soon-to-be spun off Yum China.
What would a financial company want with fried chicken? Customers. Ant Financial’s Alipay product is the leading mobile payments app in China. It and Alibaba also have a joint venture food delivery service called Koubei, into which KFC and Pizza Hut’s many locations can be plugged. Ant gains an observer role on Yum China’s board. Sometimes a job rejection sets the table for future success.
http://blogs.wsj.com/moneybeat/2016/...of-it-instead/ (http://blogs.wsj.com/moneybeat/2016/09/02/jack-ma-rejected-for-job-at-kfc-buys-piece-of-it-instead/)
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?235160-Jack-Ma-Rejected-for-Job-at-KFC-Buys-Piece-of-It-Instead&goto=newpost).
When Chinese internet tycoon Jack Ma was starting his career, he reportedly got rejected by dozens of employers, among them Kentucky Fried Chicken, which had recently entered China at the time. He later went on to become China’s richest person, founding e-commerce giant Alibaba. Now Alibaba’s financial affiliate Ant Financial will become part owner of KFC in China through an investment in the soon-to-be spun off Yum China.
What would a financial company want with fried chicken? Customers. Ant Financial’s Alipay product is the leading mobile payments app in China. It and Alibaba also have a joint venture food delivery service called Koubei, into which KFC and Pizza Hut’s many locations can be plugged. Ant gains an observer role on Yum China’s board. Sometimes a job rejection sets the table for future success.
http://blogs.wsj.com/moneybeat/2016/...of-it-instead/ (http://blogs.wsj.com/moneybeat/2016/09/02/jack-ma-rejected-for-job-at-kfc-buys-piece-of-it-instead/)
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?235160-Jack-Ma-Rejected-for-Job-at-KFC-Buys-Piece-of-It-Instead&goto=newpost).