A Quote by Adam Lashinsky
As China's retailing champion, Alibaba makes Amazon look like a company that carefully picks its spots. Sure, Amazon does e-tailing. So does Alibaba.
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Amazon does online application hosting. So does Alibaba.
Alibaba is Alibaba. We are going to keep on, you know, having Alibaba as our core company in our family.
Amazon and Alibaba are changing retail for everybody. These are two incredible companies.
The easier question might be, 'What isn't Alibaba?' The company is only 15 years old, but it has gotten so big over that timeframe that it basically touches every single part of the Chinese economy. I think the simplest comparison to draw is that it is like eBay and Amazon combined.
Consumption is still going up on Alibaba. This is because when the economy goes down people look online to Alibaba to buy cheaper things.
People tend to wonder when Alibaba will enter the U.S. market. But those people are asking the wrong question. Alibaba reckons that, in 2010, China and the U.S. had an equal number of online shoppers, about 140 million.
There are lots of retailers that are now scrambling to emulate the Amazon model, so Amazon does not have a monopoly on same-day distribution or broad selection or low prices. All that said, there are advantages that accrue to the largest player, so I don't see much in the way of Amazon slowing down.
When I started in e-commerce, there was not a lot of clutter because there were not a lot of companies. Nowadays, you have to have a pretty serious moat around your business to compete with Amazon, Wal-Mart, and even Alibaba online.
Amazon and Snap both have stories that are compelling for many investors: Amazon has transformed retailing and is destined to dominate it. Snap is reinventing communication, at least for millennials and those even younger.
Helping doing business easier, we choose the name Alibaba because it is a global company. It is founded in China, but it was created for the world.
A company doesn't have to compete with Amazon. A company can instead innovate in sectors Amazon doesn't presently care about.
I think China thinks information technology is less important than we think it is in the US, economically, and more important politically. And so Chinese internet companies are extremely political, they're protected behind the great firewall of China, and investment in Alibaba is good as long as Jack Ma stays in the good graces of the Chinese communist party. Alibaba is largely copying various business models from the US; they have combined some things in interesting new ways, but I think it's fundamentally a business that works because of the political protection you get in China.
I've drunk Amazon's free Diet Coke. Nothing makes more sense to me than a company trying to make bookselling into a profitable business. I'm not anti-Amazon, and I'm not pro-publishers either. I'm pro-books.
We don't believe the market can be dominated by one company in e-commerce in China - namely Alibaba. The Chinese market is very wide and deep, with a huge population.
I think the company that has the clearest set of values is Amazon. That company knows what it is. It may be that it's not your cup of tea, but every single person at that company knows what the Amazon values are.
Like many Americans, our family is concerned about how Amazon has so negatively affected the country. The more we learn about how Amazon does business, the more it repulses us.
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