One of my friends had a great insight: "I think one aspect of Alibaba's success that has been overlooked is that Jack Ma spread the equity generously amongst the leadership team. It's probably the only internet company that's produced 20-30 billionaires instead of just 2 or 3."

"AMZN which is worth twice the market cap of BABA has only produced two billionaires: Bezos and his ex-wife. If you have 20-30 billionaires that form a small elite and control the company, they will never need to leave and you can actually transition leadership really well."

https://www.bloomberg.com/news/articles/2020-10-28/alibaba-s-early-hr-head-to-get-5-billion-richer-on-ant-ipo

"I think ultimately the best founders understand it's okay to give up a lot of your equity to keep your best people forever. The Huawei founder diluted himself from 100% to 1% to build the partnership. That just goes so much against human nature."

“There is this old Chinese saying - 财聚人散 财散人聚 which roughly translates as: If you keep all the money together, the people will scatter. But if you scatter the money, the people will come together.”