Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

Alibaba's Jack Ma says 12-hour working day is a “blessing”

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Sinopsis

How many hours a week do you work? The outspoken Chinese billionaire, co-founder of the online giant Alibaba supports a 9am to 9pm working day, six days a week. While European countries moves towards shorter working hours – I’m not sure they can get much shorter in France - and more time off, Jack Ma calls for a "996 system", which he describes as an opportunity and a “blessing”. Mr Ma recently wrote that without this formula, China's economy was "very likely to lose vitality and impetus". Fellow superrich tech entrepreneur Richard Liu, the boss of ecommerce giant JD.com, supports Ma’s 12-hour-a-day system. Mr Liu said decades of unprecedented economic growth in China had created more "slackers". The two entrepreneurs do not appear to care much about their employees having a life outside of work, especially when you add up to two hours uncomfortable commuting time to his “996” formula, which probably ends up closer to 7-11-6. The communist state has seen economic growth averaging 10% for more than 25 years, f