Jack Ma Quotes
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- News Quotes
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You should learn from your competitor, but never copy. Copy and you die.
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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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Never give up. Today is hard, tomorrow will be worse, but the day after tomorrow will be sunshine.
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I don't want to be liked. I want to be respected.
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I don't care about revenues.
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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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Every technological revolution takes about 50 years.
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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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The name Jack was given by an American tourist.
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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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When I was 12 years old, I got interested in learning English.
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I think Yahoo is a great company, with great assets.
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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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Alibaba is an ecosystem that helps small business to grow.
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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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Every time there's an election, people start to criticize China.
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Asia is changing, and China is changing. The 'Post' will have great opportunities. With its access to Alibaba's resources, data, and all the relationships in our ecosystem, the 'Post' can report on Asia and China more accurately compared with other media that have no such access.
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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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What kind of business world are we living in?
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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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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 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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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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IBM, Microsoft, the profit they made was larger than the top four banks in China put together... But where did the money go?