1. In this video, Jack Ma (founder of Chinese retailer Alibaba) describes Alibaba's strategy as "global vision, local win," stating "We never copied a model from the U.S., like a lot of Chinese Internet entrepreneurs did." Using a CAGE model, explain why an online retail model that works in the U.S. and what works in China might be different.
2. An investment project costs $20412 and has annual cash flows of $10652 for six years. What is the discounted payback period if the discount rate is 5 percent?