Jack Ma praises Chinese government, says the era of ‘guanxi’ is over in China

Alibaba’s Jack Ma is propagating the new testament of business in China saying that the age of shady relationships, referred to as “guanxi” (关系) in China, is over.

“Today’s China, today’s age, this is the optimal age for doing business,” said Ma (in Chinese) during the recently held 4th World Zhejiang Entrepreneur Convention. Talking about the new circumstances defining this age, Ma said that in order to be an entrepreneur today there is no need to bribe anyone or get things done through “inexplicable relationships.”

The reason behind this is the shining example of China’s government:

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom