Secret formula

Hiring female executives is Jack Ma’s key to Alibaba’s success

SAM YEH/AFP/Getty Images

During Alibaba’s first Global Conference on Women and Entrepreneurship in Hangzhou, China, its founder Jack Ma said that women are the “secret sauce” of his company. “I feel proud that more than 34 percent of senior management are women. They really make this company’s yin and yang balance,” he said. “Women balance the logic and the instinct. I would say this is the ‘secret sauce’ of the company.” He added that while men tend to focus on themselves, women are naturally more caring and thoughtful of others around them — which some might say is sexist. Still, women make up more than 40 percent of his e-commerce company’s workforce, beating Facebook (31 percent), Google (30 percent), and Cisco (23 percent). The conference also featured speakers like the Queen of the Netherlands, Jessica Alba, and Arianna Huffington.

Read the full story at Fortune.

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