Chinese - Businessman | September 10, 1964 -
When we started the e-commerce, nobody believed that China would have e-commerce because people believed in 'guang-shi,' face-to-face, and all kinds of network in traditional ways. There's no trust system in China.
Jack Ma
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I don't want to be liked. I want to be respected.
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As a business person, I want the world to share the prosperity together.
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Hong Kong people say Hong Kong needs to preserve its uniqueness. I say Hong Kong's uniqueness is in its diversity, its tolerance of difference cultures... China does not want to see Hong Kong in decline. I have full confidence in its future.
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I want to change history, do something important in my life, and influence individuals like we have with millions of small businesses on Alibaba. Then they love and respect you because you made their life important.
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A trade war would be a disaster for the world. It's very easy to slip into a trade war.
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When I was 12 years old, I went to swim in a lake, and I almost died in that lake because the water was too deep - much deeper than I thought.
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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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It's impossible for China to keep 10 to 15% growth annually. The economy needed to slow down, and we have to learn to slow down.
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People say, 'Well you know the economy's bad, so China consumption will be low. No, totally different. You Americans love to spend tomorrow's money, and other people's money maybe... We Chinese love to save money.
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My vision is to build an e-commerce ecosystem that allows consumers and businesses to do all aspects of business online.
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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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