Jack Ma Quotes
- All Quotes
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My job is to help more people have jobs.
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The very important thing you should have is patience.
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China is still the fastest growing economy in the world, but we need to learn how to use money in a better way, and it's about quality, not quantity.
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Never give up. Today is hard, tomorrow will be worse, but the day after tomorrow will be sunshine.
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You should learn from your competitor, but never copy. Copy and you die.
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I don't want to be liked. I want to be respected.
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The lessons I learned from the dark days at Alibaba are that you've got to make your team have value, innovation, and vision. Also, if you don't give up, you still have a chance. And, when you are small, you have to be very focused and rely on your brain, not your strength.
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If you're doing business, not that simple to only buy. You have to create something. You have to create something that never exist for the future.
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I don't care about revenues.
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I think globalization is a great thing. And now a lot of people complain about globalization; a lot of people don't like, you know, the globalize of the concept, the idea of the results. I think the globalization is a great idea and to create a lot of jobs.
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I call Alibaba '1,001 mistakes.' We expanded too fast, and then in the dot-com bubble, we had to have layoffs. By 2002, we had only enough cash to survive for 18 months. We had a lot of free members using our site, and we didn't know how we'd make money. So we developed a product for China exporters to meet U.S. buyers online. This model saved us.
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Consumption is still going up on Alibaba. This is because when the economy goes down people look online to Alibaba to buy cheaper things.
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I think Yahoo is a great company, with great assets.
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When I was 12 years old, I got interested in learning English.
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My dream was to set up my own e-commerce company. In 1999, I gathered 18 people in my apartment and spoke to them for two hours about my vision. Everyone put their money on the table, and that got us $60,000 to start Alibaba. I wanted to have a global company, so I chose a global name.
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The big businesses are less willing to take risks. I talked to some young people in Hong Kong, and they said they are lost. Young people indeed have fewer opportunities than before. But is it true that there are no more opportunities for them? No!
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My job is making money, helping other people make money. I am spending money, trying to make sure more people get rich, because you cannot spend a lot of money, right? So my job is spending money, helping others. This is a headache.
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I'm not a tech guy. I'm looking at the technology with the eyes of my customers, normal people's eyes.
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I am going to enjoy some other things apart from business.
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IBM, Microsoft, the profit they made was larger than the top four banks in China put together... But where did the money go?
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I don't shop online, but my wife buys everything at home. We buy sea crabs, fresh crabs, all kinds of things.
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Our focused customers are small business and young people. We did a great job in China. How can we help those young people in India, in Pakistan, in Africa. If they can use in the same ways.
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When we first started our internet company, 'China Pages', in 1995, and we were just making home pages for a lot of Chinese companies. We went to the big owners, the big companies, and they didn't want to do it. We go to state-owned companies, and they didn't want to do it. Only the small and medium companies really want to do it.
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What kind of business world are we living in?