A Quote by Masayoshi Son
Alibaba is Alibaba. We are going to keep on, you know, having Alibaba as our core company in our family.
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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.
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.
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.
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.
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.
Alibaba is an ecosystem that helps small business to grow.
I think Snapdeal could become the Alibaba of India.
If we go to work at 8 a.m. and go home at 5 p.m., this is not a high-tech company and Alibaba will never be successful. If we have that kind of 8-5 spirit, then we should just go and do something else.
Without internet, there would have been no Jack Ma, and no Alibaba or Taobao.
Amazon and Alibaba are changing retail for everybody. These are two incredible companies.
If Alibaba cannot become a Microsoft or Walmart, I will regret it for the rest of my life.
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.
If Alibaba cannot become a Microsoft or Wal-Mart, I will regret it for the rest of my life.
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.
I'm humble 'cause I think many years ago people say, 'Well, Alibaba's terrible company'. And I know we were not that terrible. We're pretty good; we're better than people thought. But today, when people have a high expectation on you, and I start to worry and nervous because we are not good yet.
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