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Female executives are Alibaba’s ‘secret sauce,’ founder Jack Ma says

Fortune

While Silicon Valley is still chasing its tail when it comes to hiring more women, Chinese e-commerce giant Alibaba’s founder, Jack Ma, thinks they’re his company’s “secret sauce.”

He made the comment during Alibaba’s first Global Conference on Women and Entrepreneurship in Hangzhou, China, where the company welcomed high-profile female speakers like the Queen of the Netherlands, actress Jessica Alba, and Huffington Post founder Arianna Huffington. Alibaba used the event to promote female entrepreneurship and showcase its own gender diversity, which puts most tech companies to shame. As of last summer, women made up almost 34% of Alibaba’s high-level managers, and a third of its founding partners. The company also says that more than 40% of its total workforce are women.

“I feel proud that more than 34% of senior management are women. They really make this company’s yin and yang balanced,” Ma said at the conference, according to

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