Startup general interest

Alibaba’s amazing job creation

The FT had an article over the weekend about the job creation in China that has come off the back of Alibaba’s amazing success. According the Chinese Ecommerce Research Centre in the last year alone the Chinese ecommerce industry created more than 12m jobs directly and more than 12m indirectly, and Alibaba controls over half of the market, implying they deserve credit for 7m new jobs last year.

The stats are a little woolly, but even if they are out by a factor of 10 this is a pretty remarkable achievement for a single company in a single year. And they were reported in the FT….