Jack Ma, Executive Chairman of Alibaba Group | Interview | VivaTech

Jack Ma shares insights on entrepreneurship, resilience, and future vision in a VivaTech interview.

Key Takeaways

Success comes from perseverance and believing in the future despite criticism.
Entrepreneurs should prioritize their teams and customers over competitors and investors.
Learning from failure and rejection is crucial for growth and innovation.
Smart policies are needed to navigate rapid technological changes.
Continuous learning and adaptability are essential in a fast-changing world.

What the video covers

Jack Ma discusses his journey from a humble beginning in Hangzhou to founding Alibaba in 1999.
He emphasizes the importance of believing in the future despite criticism and rejection.
Ma highlights the value of perseverance, learning from 'no's, and proving oneself to customers and investors.
He advises entrepreneurs to focus on their teams and customers rather than competitors or investors.
Jack Ma stresses the significance of smart policies and adapting to technological revolutions.
He encourages continuous learning and embracing challenges as part of business growth.
Ma reflects on the role of governments and the unpredictability of the future.
He shares thoughts on the importance of innovation, teamwork, and customer satisfaction for success.
Jack Ma discusses cross-cultural learning and the global business environment.
He offers advice to young entrepreneurs and stresses the need for courage and wisdom.

Chapters

What inspired Jack Ma to start Alibaba despite many rejections?

Jack Ma was driven by his belief in the future and the opportunity to prove that his team could succeed, despite lacking money, technology, and strong relationships.

How does Jack Ma suggest entrepreneurs handle criticism and rejection?

He advises entrepreneurs to get used to being told no, learn from complaints, have a good rest, and try again with perseverance and determination.

What is Jack Ma's advice regarding focus for business success?

Jack Ma recommends focusing on your team and customers rather than competitors or investors, as customer satisfaction and team happiness are key to winning.

Full Transcript — Download SRT & Markdown

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For sure, we have a legend, a legend with us, Jack Ma. Thank you. [Applause] The first thing that I have to say is that you will have the possibility of putting some questions to Jack by using Slido.com, and I think that you will get on the screen the address, so you can send your messages. It is a formidable honor for me to welcome Jack. He is, as I said, a true legend. He probably doesn't remember, but the first time we met was some 15 years ago in Beijing, and we were sitting on the same panel, what became later the New Champions Forum organized by the World Economic Forum. In those days, there were very few people believing in Alibaba, and the first question I have to ask Jack is,

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the screen the address so you can you can send your messages it is a formidable honor for me to welcome Jack he is as I said a true legend it probably doesn't remember but the first time we met was some 15 years ago in

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How come this little boy born in Hangzhou, grown up in Hangzhou, who is not an engineer, who's not a geek, who had this formidable intuition of what technology would become, has moved from this origin to building what is today

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how come this little boy born in Hangzhou grown up in Hangzhou who is not an engineer who's not a geek who had this formidable intuition of what technology will become has moved from this origin to building what is today

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one of the most powerful companies in the world? Well, if everybody agrees, then there is no opportunity. When people criticize you, now you have to think, and I spend most of my time thinking about the future. I spend most of my time listening to the

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complaints because people like me we don't have money would have technology we don't have a strong relationship the only thing we competed with the others is that how we see the future if I believe the future like this way and

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complaints because people like me, we don't have money, we don't have technology, we don't have a strong relationship. The only thing we compete with others is how we see the future. If I believe the future like this way and

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successful if you really try try hard I started Alibaba 1999 in my apartment I talked to the 18 founders that one thing we want one of the things we want to prove if Jack - team can be successful

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those people believe that way, of course, we are different. And when we believe that is the future, we start to do it. Instead of spending time, we start to gather people. We said, do little by little, and I think everybody can be

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are getting used to be criticized we're getting used to be said no people say no to you when people say yes to you we're really appreciate because it's not you know why people should say yes to you you have to prove so as the entry

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successful if you really try, try hard. I started Alibaba in 1999 in my apartment. I talked to the 18 founders that one thing we want, one of the things we want to prove is if Jack's team can be successful,

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chance we're only a few people believe it you believe it you prove it that's your chance zillions - the fact that people are starting to say no the first one who said no to you and ten times I have

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80% of the people in the world can be successful because we don't have money, we don't have technology, we have almost nothing. The only thing is that we believe in the future instead of doing little by little. So people like us,

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yeah I wish people can say yes to me but if they say yes I have no choice I have to accept it and of course you're not happy when people say no have a good sleep wake up try it again

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we are getting used to being criticized, we're getting used to being told no. People say no to you. When people say yes to you, we really appreciate it because it's not, you know, why people should say yes to you. You have to prove it. So as the entrepreneur,

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you they trust in you and they believe the things we agree together and second is your customers they really love your products and investors it's okay investors it's okay yeah you cannot make every investors investing you don't believe investors

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you have to get used to being challenged, have to get used to being told no by other people, by the fact, by the investors, by your customers, by the people. But this is the opportunity. When everybody believes it, you have no

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time on your people on your own team don't spend time i investors don't spend time on your competitors when you look at the people you want to serve we look at the people you work together if they're happy you will win that's the

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chance. We're only a few people who believe it. You believe it, you prove it. That's your chance. Zillions. The fact that people are starting to say no, the first one who said no to you, and ten times I have

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and you deliver one of the most inspiring speech I had the chance to listen to and with the vision regarding the future and also this idea that one of the things which is taking us back is the fact that most of the time we are

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understood all nine of ten times is the Harvard Business School. KFC has refused to hire you. So with all these no's, how at the end of the day, what has been the driver which has made you who you are?

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sentences summarize your thoughts on this yeah I think my advice to the government's many current officers you know government official love to make policies and rules and regulations but nobody is an expert of the future we are all we human being only have the experts

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Yeah, I wish people could say yes to me, but if they say yes, I have no choice, I have to accept it. And of course, you're not happy when people say no. Have a good sleep, wake up, try it again.

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make everybody in trouble and and I think that we should always think about the future think about how we think there is very little can do to change yesterday there's very little we can do to change today but there's a lot of

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It's always my fault, not the other people. Spot why you can convince people if you cannot prove it. But the thing is that very important, there are two groups of people you have to convince. First group of people, your team. They believe in

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have the solutions somebody have the solution we never I see so much worries today in Europe in the world the thing worries me is the worry itself why worry you started protective and I think I think people worry about jobs today we

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you, they trust in you, and they believe the things we agree together. And second is your customers. They really love your products and investors. It's okay, investors, it's okay. Yeah, you cannot make every investor invest. You don't believe investors.

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opportunity let's learn it let's learn how to do it solve the problems and then in the future when we got experience share with the others that's the whole thing so I want to get encouraging everybody look at the future we cannot

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There are long-term investors. They have to sell, you know. When they want to invest in you, they say, I'm a long-term investor. When you're in trouble, they're also fast. That's the advice: spend time on your customers, spend

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many jobs can be created president Mike home has mentioned the two very important powerhouses of power countries which are the United States of America and the China of the other world and when you look at China what we how would

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time on your people, on your own team. Don't spend time on investors. Don't spend time on your competitors. When you look at the people you want to serve, we look at the people you work together. If they're happy, you will win. That's very

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in China if you've walked on the street you pick up a 100 young Chinese young people you will find 990 of them can speak at least 30 or 40 English words but when you go to New York where you go to Washington

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simple because I wish, I wish it is that simple because it looks simple, very difficult to do, but you have to do it. I was yesterday with you at the dinner which has been offered by President Mike Pompeo,

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coming and America is coming Wow nothing to do with you my view is that I have the same problem early days say Microsoft is coming Oracle's coming IBM is coming you should think about your neighbor George is coming it's more important because the

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and you delivered one of the most inspiring speeches I had the chance to listen to, and with the vision regarding the future and also this idea that one of the things which is taking us back is the fact that most of the time we are

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company the powerful company this century from now a good company is more important a powerful company where you compete to is become I think in past 20 years with in competing with any company lots of companies in China but I learned

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too much attached to the past. Maybe you can share some of those views with the audience because it was so impressive, and I think it is what is leading the world. So can you maybe in a few

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European startups when they are looking at China yeah III think that I be so fascinated by so many great European small business you have such a high quality products greatest services hi great stylish tasty sell to China instead of waiting China

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sentences summarize your thoughts on this? Yeah, I think my advice to the government's many current officers, you know, government officials love to make policies and rules and regulations, but nobody is an expert of the future. We are all, we human beings only have the experts

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roughly in a certain way 14 million people a year yeah we created close to directly own direct 40 million jobs in China which is an an impressive number how this is happening yeah I think in China cuz I'm

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of yesterday. When we make the future, especially this technology revolution is so overwhelming, so changes everybody, everything. So the policy we make have to be smart policies at a smart time. We should not because of one problem, we

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how excited they are I would be the person to test it if I can I use it just throwing the ball in a garbage because 80% people don't like it so if I can use it last people can use it so I think

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make everybody in trouble. And I think that we should always think about the future, think about how we think. There is very little we can do to change yesterday. There's very little we can do to change today, but there's a lot of

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is that China don't have a lot of big companies so we should not help become become please don't need us they always want to do something themselves we should help small companies by helping small companies is nothing about that

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things we can do to change tomorrow. If we do a little bit today, we can change the future. So I think that government should rely, everybody in the world should embrace the change, embrace the technology. You don't have the solutions or we don't

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a little cheaper supplies so everything we do is try to make insure small business easy to do business that they're easy to access financing easy to have logistic easy to find the buyers and supplies so that is what we do and I

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have the solutions. Somebody has the solution. We never, I see so much worries today in Europe, in the world. The thing that worries me is the worry itself. Why worry? You start protective. And I think, I think people worry about jobs today. We

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people but the passion the young people there and reminds me because you know just now when the president talking to the entrepreneurs I was sitting there I was so touched and moved it looks like you know I don't like talking to the big

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people worry about artificial intelligence. Well, don't worry too much about that. People are improving, and people worry about security, a leap about God. In the past five years, every day we got 300 million attacks per day, but we think the

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are the same animals but in Africa I found a lot of these kind of same animals like me they love they never fear they want to change so I I think we're talking about inclusiveness if every guy is not a development and

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opportunity. Let's learn it. Let's learn how to do it, solve the problems, and then in the future, when we got experience, share with the others. That's the whole thing. So I want to get encouraging everybody to look at the future. We cannot

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how to use the computers but today a lot of people have a mobile phone and mobile phones much more powerful than a computer the next the thing I find that Africa there should be three es e government entrepreneurs and education

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avoid it. We have to embrace it. We have to live it. Think about the future, and there are a lot of things my grandfather would never be surprised. We will be so

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education Africa will have a lot of people so what we see today in Africa was much better than 20 years ago and Alibaba started and because at that time nobody was believing internet nobody very few people using computer in China

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surprised today. Human beings have so many jobs can be created. President Mike Pompeo has mentioned the two very important powerhouses of power countries, which are the United States of America and China of the other world. And when you look at China, what we, how would

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attack and by the way we will have tomorrow a conversation with President Kagame and President Sall President Kagame from Rhonda presents are from Senegal and we will discuss how they are transforming their countries you mentioned dreams and I do believe yes that we have we need to

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you describe the ecosystem of China? What is making it so successful? Won't the quality of, obviously, first China in the past 40 years, we're very hot. Chinese people very hardworking. Second, we learn, we keep on learning. Well, one thing very interesting

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you ever thought that Ali Baba will agree come when you started in 1999 in your apartment would become what it is today no I never thought about that 1999 in my apartment 18 founders the only purpose that time we survived with 19

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in China, if you've walked on the street, you pick up 100 young Chinese, young people, you will find 99 of them can speak at least 30 or 40 English words. But when you go to New York, where you go to Washington,

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everything would think about it to survive but we believe that internet it will change China internet will change the world we believe if we don't succeed somebody will but if we start now and speed smart enough funny right

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DC, pick up 100 American young people, how many of them can speak one Chinese? We keep on learning. You have to keep on learning. Ago, the second thing is that my device, because I hear a lot of entrepreneurs talk about, well, China's

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we help create it 40 million jobs we helped over millions of companies small companies survive why we cannot help a hundred million jobs globally why we can help small business in Africa Middle East developing countries make them successful by the way the difference

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coming and America is coming. Wow, nothing to do with you. My view is that I have the same problem early days. Say Microsoft is coming, Oracle's coming, IBM is coming. You should think about your neighbor George is coming. It's more important because the

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done do you believe that Alibaba is good for the people yeah we try our best because this is this is our culture and this is my way because I'm a founder I know nothing about technology I know nothing

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world, the African desert, every agree is that the ecosystem is not controlled by lions and elephants. The ecosystem is controlled by the insects in the mud. Last century, the company, the big, the better. So everybody want to be a big

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product is your students you wanted this student to be a lawyer that's to become a banker that's to be the anxia premier that Israel mayor you don't want don't want this bankrupt that in the jail that is in trouble so you always wanted

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company, the powerful company. This century from now, a good company is more important than a powerful company where you compete.

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can them collaborate so this is how we do and I find the more you care by a team the team will care about you and the team will care about their customers so I talk to all of my people early days

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don't make me happy don't love me make your customer happy make your customer love you and I will love you any minute that is very simple so everything we do as it sound or make your customer happy gather your team make it team happy and

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you will be happy great jack since I know you I have seen many facets of Jack Ma I have seen imagine somebody who is playing with magic I have seen a great entrepreneur the founder of one of the greatest company in the world and

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there is also a showman and you have built your own Black Friday the singles and when you have this day which is a day where you are doing I don't know how many billion dollar in one single day 30

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30 yeah okay for the people who don't know we are fighting all the year long to do 1 million 30 billion in one day every day I wish every day not every day because you are not doing the show every

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day am i understanding that you are doing the show during 24 hours so explain a little bit this and how you came to this idea of the day of the singles oh yeah first I mean I people say I have a different effaces I don't

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call different phases I think in my heart I'm always curious I'm a curious a lot of things and I know when I study a lee baba I know this is not the thing I want to do in all my life I want to go

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back to teaching so I think life is a shot you should experience all kinds of things I don't want to die in my office I want to die on the beaches we work hard and we spend the money but you

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spend the money should have spend the money smart way to empower more people why we succeed because we're using technology empower lot of people who succeed if won't be most successful empower more people that's very simple so for November 11 the single Earth Day

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was was created by our my successor CEO death Daniel but the idea was this everybody was single when you're single you don't have a boyfriend/girlfriend if you bought so 11-11-11 that november 11th we think you should stop by things

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so we just to make single as happy and then we do not expect that it comes like this it's become the largest err shopping festival and last year we sold 30 billion dollars this year will go up because we only help in Chinese

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singulars we're a lot of single people here in France and great you know there are a lot of things that you have done which are extremely impressive at least for the people who are following you you since many years and before going back

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to the question that they have I would like to share with you a few question that we got from the audience it the first time by the way that we have decided to give the audience the possibility of potential question we

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mentioned a few minutes ago the fact that it has not been completely a fairy tale and that you went through some difficulties at the beginning and Raphael is putting the question which is what was your biggest failure in scaling

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Alibaba and what you did learn from yep well yeah we faced a lot of challenges but I'm sure Alibaba is gonna facing more challenges we worry every day when I was young when company was young we thought well what if when a Leibovich

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become that big my life will be easier then now the companies that the bigger the company the more problems I have so why us too small company in Jordan you will never experience the happiness of operating a small company any life we

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ain't gonna be too big you have so much headaches so many things happening and people say Jack you know there are a lot of books about you but there's none of the books I write myself if there's one

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book I want to write in a future it's called Alibaba 1001 mistakes we made so many mistakes we have so many troubles believing or not China view dub ecommerce company get a internet related company no internet connection at that time nope nope no

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credit cards no deliver system it's so we make big problems all the time it's not easy but we tell our self we will be successful until we make ten thousand mistakes we'll be successful if we survive in any

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crisis so when crisis came we know it's a challenge everybody start be united we solve the challenge that will complain each other before we solve the problem of the crisis we should not complain though I have a problem E in HR I have a

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problem in financing and a problem in technology I have a problem everywhere tell me so that's why I become a mentor in entrepreneurs a program in China the lot of entrepreneurs have questions when I listen to their questions oh my god I

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have this problem too so I would say we have gone through all month almost nine more than 90% of the problems that any entrepreneurs have met this is what we feel proud proud at the end of the day I'm gonna tell my kids my

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grandchildren it's not the thing we feel proud we are we made Alibaba its so many mistakes that we overcome so many challenges we experience that makes me feel proud life is about experience so when you become entrepreneur don't worry about it

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competitors don't worry about mistakes don't worry about the challenges go through them that's the great fun part of your business of your experience and then you got a courage you got a wisdom you got a team follow you Wow

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yeah because you know you don't have a choice you cannot sit there cry right if you cry can solve problems I can cry oceans of tears but we make competitor's crime we don't cry as very often unfortunately Europe with only ten

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mistakes you you are out of job but I consider that is a great lesson and this has been also a lesson of my life I'm always saying that I have made sufficiently mistakes in order to survive so the other question we have is well

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you see Alibaba in five years time well in five years time Alibaba is the vision should be given by Daniel our CEO everybody in our company our our first tier colleagues they look at next month next quarter manager looks at a six

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months vice president looks at three years CEO looks at five years in ten years I look at 20 years year 2036 Alibaba want achieve to build up a digital economy that empower can can help create a hundred million jobs can

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serve two billion consumers in the world and it can create it can support 10 million business be profitable on our platform that is the the thing that we did we decide to do per year 2036 so that's what we were 36 yeah so we want

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to you we want we want to empower everybody every young people every small business where you have a mobile phone you can global by global cell goal over deliver Global pay and global travel and if we can do that we don't know how big

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we will be but we are not interested in we're being like a five trillion dollars company or 10 trillion dollars company we are only interested in five things global by global cell global pay global deliver and grow will travel

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for everybody that's what we want to do great when I invited you it was at the time where you already had a heavy schedule and you were very much easy tent to come because you had to go meeting and you decided by at the end of

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the day to move the ball meeting which is quite impressive and they thank you very warmly for that and what has really prompt your decision it's when I told you that we need you to tell the young people some lessons and there is a

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question which is what advice would you give to the young generation that follows you well I followed young generations I come because there are so many young entrepreneurs I come because it's the opportunity for smoke's there are so many small business in Europe

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excellent and there are so many young people around the world and interpret but let me let me let me share with you my thought if you're an entrepreneur if you want to do some business think about you should never think about succeed

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next mouth should never think about succeed next year if you think about next month you will be successful easy come easy go you will go down very quick you should think about is this thing will be good in 10 years and have

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a patience and the second is that get the good team if somebody in your team did better than you are follow him if you think you are better share with their ideas your trouble your thinking and hard working there's no other

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choices and look your eyes this eye look at the customers this eye look at your team and talking share with the team all the thinking you have making sure we're on the same right I hate a lot of people this eyes US dollar

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this is euro they talk like I'm be you know nobody want to work with these people they only talk about money you have to tell what do you want what we agree how we can do together that's all

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the things and giving yourself some time yesterday you have been seeing a group of people who are working on tech4good and one of the key issues which has been addressed by Ginni Rometty and a group that she was leading with Renault Harbor

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nothing is about education and I have a question which is many recognize you as a great teacher how do you envision the future of Education partly when you know that everything will change in the coming years and a impact of technology

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will be huge on all the jobs how do we prepare the future for the future generations and what would you recommend yeah I feel more comfortable that I work as a teacher I I never thought that I could be a CEO I remember more than 10

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years ago when company was in big trouble one of our investors kindly and very politely say Jack you think that somebody can do better job and he's thinking that you should you should resign and I I heard that and I said I

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cannot resign now because I ever resign the company will collapse I will resign when the company is good so since then I was preparing always finding people better than I am in the company giving them opportunities my position CEO is

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called a chief education of sir in the company so I build up the company more like a university we call our company they decry is called campers it's we learned together we trusted each other students and teachers have to

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trust each other so our always thinking about that now this year September 10th the two new year of the anniversary of Alibaba I kept my promise and I want to go back to teach the things I love to do better I'm

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not going to go just to teach in one class I think they're a very something that we should not worry but something we should change the education system now these are all the impact of 200 years these are the education system for

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industrial period now we are moving to the digital period past is hundreds of years we make people like a machines next 20-30 years we'll make a machine like the people the way we teach our kids the things we teach our kids

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machine can do better machine cap k calculator faster remember everything so I think what we should do change the education system we should not make our kids lose the future we should not make our kids have not jobs so this is why I

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want to go back to education and start to do something on education system the thing they teach the way they teach I think it's a huge opportunity it's I think in this world there's very few people like a mean we do it not because

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I want to make money we do it not because somebody forced me to do I do it because I love it I do it because the money I make in the Alibaba need to spend I don't want to give the money to

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the investors or banks to spend widely I want to spend myself on the education improve change the system and I think 55 years old today it's a bit old for Alibaba CEO but for a new stat about education I'm Corey young so I want to

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spend under 15 years on that doing something that can change a lot of young people yawn of kids make them ready for the future they don't have to worry like their parents worried Corrine has put a question which I

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consider is extremely interesting and I would like to hear you about this is should France and you had the possibility of speaking with president back home yesterday this morning again and you heard him regarding China and the USA so should France and maybe

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Europe gets inspired by the Chinese ecosystem on digital innovation and technology inspired by China yes yeah I think so imagine 20 years ago China you talk about internet you talk about IT how can i tea to the years ago come china

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compete with europe competed with america 20 years later China today people worry about China Europe I was sitting there from China as you as they trying to use it wow I do not know that we are that powerful what happened tell

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us we'd love to learn right people ask me why ecommerce so successful in China our company alone is much bigger than Amazon why ecommerce in China one of the reasons why ecommerce in China success successful because China had a terrible

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infrastructure of Commerce right we don't have to so many retail do we don't have to so many like Walmart Keima everywhere it's it's just a terrible backward retail system in China where Internet it comes come people love it so

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so efficient why China mu by phone and I'll grow much faster than America America and Europe have is such a great such a great system of telephone we don't have a ton of them amount of like 100 family can only have a 1/10 of one

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that days where mobile come we love that which is to go down so there is a leap flock we don't have that lose the loss most of the government offices they don't know how to make rules laws for

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internet because nobody realized what it's an Internet look like so that leave us chance to grow fast Europe they're interesting you have a such a perfectly rules laws they're everything to do let's fold the rules or laws and

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everything we think about this not to worry when they wanted to make a rules laws when we have a problems we start to solve the problems then think about rules laws you have a problems that make rules laws so I worry about a Europe

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I worry I worry about the worries of the Europe if every cut Africa does not worry Asia does not worry why Yoruba worry about right you don't have a solutions for artificial intelligence are you know they're gonna destroy a lot of things too came in life

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forget it let me tell you after fish intelligence I think we only buy using artificial intelligence to arrest and catch a lot of thieves my theory I told my engineers I said now when you love somebody you may not have reasons but

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when you hate somebody you have logic and reasons we have logical reasons machine can always do better than that so we have a trillions of dollars transaction Holly pay every day a lot of people want to steal the money

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how can you oversee when you have like a 1-bit of users using that there are so many cheating's human being cannot do it so we teaching machines to catch all the thieves much you never forget no matter how smart you are one person can create

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it ten ways of cheating you are the smartes of the personal world but we teach the machine every way everything we just discover from the other people the machine can remember over a hundred thousand ways of cheating when you start

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the cheating unless you find you so one way bad guys using artificial intelligence doing bad things other thing we're using artificial intelligence to catch bad guys so there is always in any imbalance how you see the world if you see technology

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revolution is a problem I'm sorry to say the problem just to study if you think is an opportunity the opportunity just to study the only things your mentality if the mentality is about a worry you're worried all the time by the way all the

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intrapreneurs if everything's ready everything is perfect why they need you because there is worries because there's a problems because of there's no this know that that is your opportunity there is our opportunity and keep on that you believing you can do something a little

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by little ten years later you'll be different that's that's that's who you're I you that by inviting you we will have one of the most inspiring conversation that we had at live attack and what happened in this 45 minutes

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it's something which is proven proving that I was right at least for that and I thank you very warmly but you are not done yet you are not done yet because you have decided to retire at age 56

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which is normally the time where in the old continent we are the old continent people are starting to hope to become a CEO I would like to ask you what has led you to make the decision is it just

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because you are fed up with investors and you don't want to have to spend time explaining things is it because of your dreams is it also because you have not only a will to teach and to share but

Speaker A

you have also so many other and top earners idea that you want to achieve yeah I've been thinking about that and preparing for retirement for almost 10 years so yeah sure now I I thought very clearly and when we were young we wanted

Speaker A

for opportunities but all the continent they don't give us opportunity the new continent we should give an opportunity to the others to the people who can do better and I know I was not really trying to be a CEO I was not trying to

Speaker A

be a high tech CEO I was lucky I have a great team I'm great time so 20 years within here so I was thinking about I have to figure out who can do better than I am in my

Speaker A

company if our we want make this company last a hundred two years why a hundred two years we were born in 1999 last century we had a one year this century will one a 100 years plus another year

Speaker A

will cross three centuries that's the goal and then if you want a loss a hundred two years I cannot be that ode to Buddha I have to leave the company so I said when I'm 55 20 anniversary I must have leave the company giving

Speaker A

this opportunity this challenge for people who are better than I am younger than I am more passion than I am so I can do something that I'm good at and I believe I can do much better jobs on

Speaker A

education I can do much better jobs on entrepreneurship I have founded a lot of companies six of them are very successful in China and I figure out because I'm seeing a different view I figured out being entrepreneur there

Speaker A

are a lot of interesting principles no a lot of nose a lot of yeses so I want help entrepreneurs share intrapreneurs what we have gone through in past 20 years what the experience and third thing I want to do is I want fighting for the

Speaker A

women leadership this word if we have a more one the leaders the water be better these are three things why women leadership Alibaba secret sauce is we have a lot of women leaders we have more than 34 percent of senior

Speaker A

management I want women we have more than early before we acquire a lot of companies we have almost close to 49 percent of the employees a woman now we have served more than 35 percent of employees of women but because we just

Speaker A

acquire some big companies they all deliver so we will figure out that but I think these are the things I want to do and always ask yourself and myself my advice to other young people what do you have what do you want and what will you

Speaker A

give up if you do not think about these three questions every time you will get lost so I know what I should give up what I want and what I have and I think I should pick up things I love I'm good

Speaker A

at and I can make people happy and I would be happy that's it simple Wow let's see

Topics:Jack MaAlibabaentrepreneurshipresiliencefuture visiontechnologyVivaTechbusiness adviceinnovationleadership

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