A Quote by Adam Lashinsky
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.
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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.
Alibaba is Alibaba. We are going to keep on, you know, having Alibaba as our core company in our family.
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.
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 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 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.
Carefully calculate the potential size of your market to make sure you can grow. Before starting Mint, I knew that there were about 20 million people who had purchased 'Quicken' or 'Microsoft Money' over the years, and 80 million people using online banking in the U.S. alone.
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.
We estimate that by 2010 China will have added another 250 million subscribers, strengthening its position as the single largest mobile market in the world.
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.
Amazon does online application hosting. So does Alibaba.
Alibaba model is the model that I am supporting in China, in India, and even in Japan.
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.
If Alibaba cannot become a Microsoft or Walmart, I will regret it for the rest of my life.
If Alibaba cannot become a Microsoft or Wal-Mart, I will regret it for the rest of my life.
Alibaba spends money on improving the products and services, not on kickbacks. That's a good thing. It's called a value system, and because of that, we get more and more small- to medium-sized companies to support us in China.
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