The 3 culture traits that shaped Alibaba's $697 billion business

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These are the 3 culture traits that shaped Alibaba's $697 billion business. (via CNBCMakeIt)

Culture is critical for any company, and often means the difference between a business that inspires and one that simply functions.coronavirus

, Joe Tsai, who recently shared three traits he believes have been instrumental in shaping the culture of his 21-year-old, $697 billion company., the executive vice chairman and director of Alibaba's entrepreneur fund, said those traits could be surmised as mission, vision and values. Joe Tsai, Executive Vice Chairman of Alibaba Group, attends the signing ceremony between Alibaba and Pac-12 on September 10, 2015 in Hangzhou, Zhejiang Province of China."The third is values. What values do you live by? How do you want your employees to live both in and outside of the office? These three things at Alibaba form our culture."

"At Alibaba, we've always said there's no best talent. There's the right talent, in the right place, at the right time," he said.

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