so I want to talk about his personal story how many times he tried and failed
story how many times he tried and failed
story how many times he tried and failed and what kept him going I want to talk
and what kept him going I want to talk
and what kept him going I want to talk about where he is today and how he got
about where he is today and how he got
about where he is today and how he got here so many ideas and for the first two
here so many ideas and for the first two
here so many ideas and for the first two three four years I’ve learned what what
three four years I’ve learned what what
three four years I’ve learned what what does what does the globalization mean
does what does the globalization mean
does what does the globalization mean what is the copper to citizenship me
what is the copper to citizenship me
what is the copper to citizenship me what about social responsibility me all
what about social responsibility me all
what about social responsibility me all of these new ideas and I see so many
of these new ideas and I see so many
of these new ideas and I see so many great leaders talking about leadership
great leaders talking about leadership
great leaders talking about leadership and I’ve benefit a lot we grow from 18
and I’ve benefit a lot we grow from 18
and I’ve benefit a lot we grow from 18 people to 30,000 people meeting people
people to 30,000 people meeting people
people to 30,000 people meeting people in might apartment – now we have a
in might apartment – now we have a
in might apartment – now we have a four-bit campers compared to 15 years
four-bit campers compared to 15 years
four-bit campers compared to 15 years ago we were big look compared to 15
ago we were big look compared to 15
ago we were big look compared to 15 years later with – a baby a big will you
years later with – a baby a big will you
years later with – a baby a big will you be 15 years from them I think 15 years
be 15 years from them I think 15 years
be 15 years from them I think 15 years ago I told my team that 15 years in the
ago I told my team that 15 years in the
ago I told my team that 15 years in the past 15 years we grow from nothing to
past 15 years we grow from nothing to
past 15 years we grow from nothing to this size and 15 years later I wanted
this size and 15 years later I wanted
this size and 15 years later I wanted people see know about Alibaba know tap
people see know about Alibaba know tap
people see know about Alibaba know tap out because it’s already everywhere I
out because it’s already everywhere I
out because it’s already everywhere I want 15 years ago when we talk about
want 15 years ago when we talk about
want 15 years ago when we talk about what is ecommerce why small business can
what is ecommerce why small business can
what is ecommerce why small business can using this ecommerce those internet can
using this ecommerce those internet can
using this ecommerce those internet can do business cross the nation
do business cross the nation
do business cross the nation and I hope 15 years later people forget
and I hope 15 years later people forget
and I hope 15 years later people forget about e-commerce because they think it’s
about e-commerce because they think it’s
about e-commerce because they think it’s like electricity nobody think is a high
like electricity nobody think is a high
like electricity nobody think is a high tech today now this is something that I
tech today now this is something that I
tech today now this is something that I don’t want 15 years later we still walk
don’t want 15 years later we still walk
don’t want 15 years later we still walk on the street talking about why and how
on the street talking about why and how
on the street talking about why and how ecommerce can help people we’re just a
ecommerce can help people we’re just a
ecommerce can help people we’re just a company 15 years old average age is 27
company 15 years old average age is 27
company 15 years old average age is 27 28 years old young people we’re doing
28 years old young people we’re doing
28 years old young people we’re doing something that human being have never
something that human being have never
something that human being have never tried so we’re the headquarters still
tried so we’re the headquarters still
tried so we’re the headquarters still are yeah and your campus is they don’t
are yeah and your campus is they don’t
are yeah and your campus is they don’t have a loo dum-dum move your loot you
have a loo dum-dum move your loot you
have a loo dum-dum move your loot you have poorest area yeah you’re fond of
have poorest area yeah you’re fond of
have poorest area yeah you’re fond of their loot there you grew up in the 60s
their loot there you grew up in the 60s
their loot there you grew up in the 60s 64 that was the time of the Cultural
64 that was the time of the Cultural
64 that was the time of the Cultural Revolution yeah it was the end of the
Revolution yeah it was the end of the
Revolution yeah it was the end of the Cultural Revolution
Cultural Revolution
Cultural Revolution was I I know how tough it was when I was
was I I know how tough it was when I was
was I I know how tough it was when I was kid you tried to get into three colleges
kid you tried to get into three colleges
kid you tried to get into three colleges each time they rejected you know I tried
each time they rejected you know I tried
each time they rejected you know I tried there is a examination that young people
there is a examination that young people
there is a examination that young people if you want to go university or high
if you want to go university or high
if you want to go university or high food or three times but a lot of fill I
food or three times but a lot of fill I
food or three times but a lot of fill I fail for funny things that I food a key
fail for funny things that I food a key
fail for funny things that I food a key primary school tests for two times and I
primary school tests for two times and I
primary school tests for two times and I filled like a three times for the middle
filled like a three times for the middle
filled like a three times for the middle school middle schools
school middle schools
school middle schools you were never believed in ching Hanzo
you were never believed in ching Hanzo
you were never believed in ching Hanzo my city there’s only one middle school
my city there’s only one middle school
my city there’s only one middle school that lasts only one year it was changed
that lasts only one year it was changed
that lasts only one year it was changed from primary school middle school
from primary school middle school
from primary school middle school because our graduates of our our Alice
because our graduates of our our Alice
because our graduates of our our Alice school no universe you know middle
school no universe you know middle
school no universe you know middle school except us because we were too bad
school except us because we were too bad
school except us because we were too bad they would become a what effect did it
they would become a what effect did it
they would become a what effect did it have though being rejected well I think
have though being rejected well I think
have though being rejected well I think we have to get used to it we’re not that
we have to get used to it we’re not that
we have to get used to it we’re not that good even today we still have a lot of
good even today we still have a lot of
good even today we still have a lot of people reject us I think by the way I
people reject us I think by the way I
people reject us I think by the way I told you that I would I apply for
told you that I would I apply for
told you that I would I apply for Harvard for ten times rejected I know
ten times you wrote them and said I’d
ten times you wrote them and said I’d like to come to Harvard yeah and then I
like to come to Harvard yeah and then I
like to come to Harvard yeah and then I told myself somebody I should go teach
told myself somebody I should go teach
told myself somebody I should go teach their baby I think that can be arranged
their baby I think that can be arranged
their baby I think that can be arranged like the I don’t know why in at twelve
like the I don’t know why in at twelve
like the I don’t know why in at twelve thirteen years old that time I saw they
thirteen years old that time I saw they
thirteen years old that time I saw they fell love into the language the English
fell love into the language the English
fell love into the language the English and there’s no place you can you can
and there’s no place you can you can
and there’s no place you can you can learn English at that time there’s no
learn English at that time there’s no
learn English at that time there’s no books English books so I went to the
books English books so I went to the
books English books so I went to the council hotel now called House of
council hotel now called House of
council hotel now called House of shangri-la hotel because that was the
shangri-la hotel because that was the
shangri-la hotel because that was the Kotel can receive the foreign visitors
Kotel can receive the foreign visitors
Kotel can receive the foreign visitors so every morning for nine years I showed
so every morning for nine years I showed
so every morning for nine years I showed them Iran as a free guide and they
them Iran as a free guide and they
them Iran as a free guide and they taught me English and I think that
taught me English and I think that
taught me English and I think that changed to me when people talk to him
changed to me when people talk to him
changed to me when people talk to him say Jack how can you speak English like
say Jack how can you speak English like
say Jack how can you speak English like that why sometimes you you talk like an
that why sometimes you you talk like an
that why sometimes you you talk like an American Western guys I think that was
American Western guys I think that was
American Western guys I think that was the nine years these Western for
the nine years these Western for
the nine years these Western for tourists opened
tourists opened
tourists opened mind because everything they told me are
mind because everything they told me are
mind because everything they told me are so different from the things I learned
so different from the things I learned
so different from the things I learned from the schools and from my parents so
from the schools and from my parents so
from the schools and from my parents so now I have a habit whatever I see
now I have a habit whatever I see
now I have a habit whatever I see whatever read are used by mine first
whatever read are used by mine first
whatever read are used by mine first visit to America in 1995 1995 yeah I
visit to America in 1995 1995 yeah I
visit to America in 1995 1995 yeah I come here for a project helping the
come here for a project helping the
come here for a project helping the local government to building up highway
local government to building up highway
local government to building up highway how did you create trust I think because
how did you create trust I think because
how did you create trust I think because we start about it doing business
we start about it doing business
we start about it doing business internet I don’t know you you don’t know
internet I don’t know you you don’t know
internet I don’t know you you don’t know me so how can you do things online
me so how can you do things online
me so how can you do things online unless you have trust
unless you have trust
unless you have trust so for e-commerce the most important a
so for e-commerce the most important a
so for e-commerce the most important a thing was trust I think whenever I first
thing was trust I think whenever I first
thing was trust I think whenever I first went to USA for raising money talked to
went to USA for raising money talked to
went to USA for raising money talked to the venture capitalist a lot of people
the venture capitalist a lot of people
the venture capitalist a lot of people say oh Jack no no China doing business
say oh Jack no no China doing business
say oh Jack no no China doing business by the wine she how came to a business
by the wine she how came to a business
by the wine she how came to a business or Internet and I know that without the
or Internet and I know that without the
or Internet and I know that without the trust the system
trust the system
trust the system the credit system it’s impossible to do
the credit system it’s impossible to do
the credit system it’s impossible to do business so we with every in the pastor
business so we with every in the pastor
business so we with every in the pastor for 14 years
for 14 years
for 14 years everything we do is trying to build up
everything we do is trying to build up
everything we do is trying to build up the trust the system the record system
the trust the system the record system
the trust the system the record system well Charlie you know I I’m so proud of
well Charlie you know I I’m so proud of
well Charlie you know I I’m so proud of today when I I talk to young padang
today when I I talk to young padang
today when I I talk to young padang China and in the world people don’t
China and in the world people don’t
China and in the world people don’t trust each other the government and
trust each other the government and
trust each other the government and people and the media and everybody god
people and the media and everybody god
people and the media and everybody god this guy’s cheating but because of
this guy’s cheating but because of
this guy’s cheating but because of e-commerce we finish 60 million
e-commerce we finish 60 million
e-commerce we finish 60 million transactions every day people don’t know
transactions every day people don’t know
transactions every day people don’t know each other I don’t know you
each other I don’t know you
each other I don’t know you I sent products to you you don’t know me
I sent products to you you don’t know me
I sent products to you you don’t know me you why the money to me and I don’t know
you why the money to me and I don’t know
you why the money to me and I don’t know you I give a person a package I don’t
you I give a person a package I don’t
you I give a person a package I don’t know him he took something too so cross
know him he took something too so cross
know him he took something too so cross the ocean cross the river understand
the ocean cross the river understand
the ocean cross the river understand this is the trust so you keep the money
this is the trust so you keep the money
this is the trust so you keep the money until they got the product yeah and then
until they got the product yeah and then
until they got the product yeah and then you release the money that’s true I mean
you release the money that’s true I mean
you release the money that’s true I mean the escrow service is about Ali pay and
the escrow service is about Ali pay and
the escrow service is about Ali pay and it was a big decision because for thirst
it was a big decision because for thirst
it was a big decision because for thirst for three years Alibaba is just like a
for three years Alibaba is just like a
for three years Alibaba is just like a marketplaces for for info
marketplaces for for info
marketplaces for for info what you have what I have we talked a
what you have what I have we talked a
what you have what I have we talked a long time but don’t do any business
long time but don’t do any business
long time but don’t do any business because there is no payment I talked to
because there is no payment I talked to
because there is no payment I talked to the banks no banks want to do it banks
the banks no banks want to do it banks
the banks no banks want to do it banks are now this thing never work so I don’t
are now this thing never work so I don’t
are now this thing never work so I don’t know what to do because if I start to
know what to do because if I start to
know what to do because if I start to launch a payment system it’s against the
launch a payment system it’s against the
launch a payment system it’s against the financial legal laws because you have to
financial legal laws because you have to
financial legal laws because you have to have a license but if I don’t do it
have a license but if I don’t do it
have a license but if I don’t do it emo ecommerce would go nowhere so then I
emo ecommerce would go nowhere so then I
emo ecommerce would go nowhere so then I went to Davos I listened to a leadership
went to Davos I listened to a leadership
went to Davos I listened to a leadership of discussion leadership is about
of discussion leadership is about
of discussion leadership is about responsibility
responsibility
responsibility and after I listened to that panel
and after I listened to that panel
and after I listened to that panel I give a call to my friends my
I give a call to my friends my
I give a call to my friends my colleagues in the my apartment say do it
colleagues in the my apartment say do it
colleagues in the my apartment say do it now and people people don’t like it so
now and people people don’t like it so
now and people people don’t like it so many people I talk to at that time for
many people I talk to at that time for
many people I talk to at that time for all they pay they say this is the
all they pay they say this is the
all they pay they say this is the stupidest idea you have ever got but I
stupidest idea you have ever got but I
stupidest idea you have ever got but I say I don’t wear the stupid club as long
say I don’t wear the stupid club as long
say I don’t wear the stupid club as long as people use it now we have 800 million
as people use it now we have 800 million
as people use it now we have 800 million people using this alley pay a lot of
people using this alley pay a lot of
people using this alley pay a lot of venture capitals give you money because
venture capitals give you money because
venture capitals give you money because there is such a American model already
there is such a American model already
there is such a American model already there but they say Alibaba we don’t see
there but they say Alibaba we don’t see
there but they say Alibaba we don’t see this kind of model right name Jack’s
this kind of model right name Jack’s
this kind of model right name Jack’s crazy yeah this is crazy guy I mean I
crazy yeah this is crazy guy I mean I
crazy yeah this is crazy guy I mean I remember my first time in Time magazine
remember my first time in Time magazine
remember my first time in Time magazine they call me crazy Jack and I think
they call me crazy Jack and I think
they call me crazy Jack and I think Chris is good we are crazy but we’re not
Chris is good we are crazy but we’re not
Chris is good we are crazy but we’re not stupid we know what we are doing but if
stupid we know what we are doing but if
stupid we know what we are doing but if everybody agree with me if everybody
everybody agree with me if everybody
everybody agree with me if everybody believe my our idea is good no chance
believe my our idea is good no chance
believe my our idea is good no chance and this is something that you know that
and this is something that you know that
and this is something that you know that it’s not amazing if you don’t do it
it’s not amazing if you don’t do it
it’s not amazing if you don’t do it nothing is possible if you try to do it
nothing is possible if you try to do it
nothing is possible if you try to do it at least you have the hope the revenue
at least you have the hope the revenue
at least you have the hope the revenue comes from advertising and a smaller
comes from advertising and a smaller
comes from advertising and a smaller amount from transactional – yes most of
amount from transactional – yes most of
amount from transactional – yes most of it from advertising tiny tiny from
it from advertising tiny tiny from
it from advertising tiny tiny from advertising tiny from advertising tiny
advertising tiny from advertising tiny
advertising tiny from advertising tiny from transactions because we need big
from transactions because we need big
from transactions because we need big mess when we now we have more than 10
mess when we now we have more than 10
mess when we now we have more than 10 million small business power sellers
million small business power sellers
million small business power sellers selling our site to everywhere so the
selling our site to everywhere so the
selling our site to everywhere so the big trends the transactions we have a
big trends the transactions we have a
big trends the transactions we have a second after warm
second after warm
second after warm so tiny of the transact about the money
so tiny of the transact about the money
so tiny of the transact about the money already make us make us big the senior
already make us make us big the senior
already make us make us big the senior management of warmer guys came to town
management of warmer guys came to town
management of warmer guys came to town so five years ago he said Jack you know
so five years ago he said Jack you know
so five years ago he said Jack you know you did a great job in Bubba
you did a great job in Bubba
you did a great job in Bubba so we I said maybe in ten years we’ll be
so we I said maybe in ten years we’ll be
so we I said maybe in ten years we’ll be bigger than Walmart you say young man
bigger than Walmart you say young man
bigger than Walmart you say young man you have a good hope so we sever make a
you have a good hope so we sever make a
you have a good hope so we sever make a map but I think in 10 years we’ll be big
map but I think in 10 years we’ll be big
map but I think in 10 years we’ll be big the Walmart on the cells because if you
the Walmart on the cells because if you
the Walmart on the cells because if you want have 10,000 and new customers you
want have 10,000 and new customers you
want have 10,000 and new customers you have to build a new warehouse and this
have to build a new warehouse and this
have to build a new warehouse and this that for me to service what’s your
that for me to service what’s your
that for me to service what’s your market cap versus Wahlstrom Walmart
market cap versus Wahlstrom Walmart
market cap versus Wahlstrom Walmart today hi I don’t know yeah some it’s
today hi I don’t know yeah some it’s
today hi I don’t know yeah some it’s close I think so maybe we should check
close I think so maybe we should check
close I think so maybe we should check later I think because the name for
later I think because the name for
later I think because the name for Alibaba we are internet company happened
Alibaba we are internet company happened
Alibaba we are internet company happened to be in China we have the same spirit
to be in China we have the same spirit
to be in China we have the same spirit and an entrepreneur spirit like every
and an entrepreneur spirit like every
and an entrepreneur spirit like every great entrepreneurs in the world I
great entrepreneurs in the world I
great entrepreneurs in the world I cannot define out a way for the internet
cannot define out a way for the internet
cannot define out a way for the internet and I watch the movie my friend’s home
and I watch the movie my friend’s home
and I watch the movie my friend’s home forced a gun when I see him I think this
forced a gun when I see him I think this
forced a gun when I see him I think this is the guy we shall learn from believe
is the guy we shall learn from believe
is the guy we shall learn from believe what you’re doing love it whether people
what you’re doing love it whether people
what you’re doing love it whether people like it don’t like it be simple and like
like it don’t like it be simple and like
like it don’t like it be simple and like the word life is like a box of chocolate
the word life is like a box of chocolate
the word life is like a box of chocolate you never know what you can get all
you never know what you can get all
you never know what you can get all right I never know I would be here
right I never know I would be here
right I never know I would be here talking to you and talking to Charlie
talking to you and talking to Charlie
talking to you and talking to Charlie Rose I never know but today I made it I
Rose I never know but today I made it I
Rose I never know but today I made it I told my people you might apartment 18 15
told my people you might apartment 18 15
told my people you might apartment 18 15 years ago where she won Fanta
guys we have to work hard not for
guys we have to work hard not for ourselves if we can be successful 80% of
ourselves if we can be successful 80% of
ourselves if we can be successful 80% of the young people in China can be
the young people in China can be
the young people in China can be successful we don’t have a rich father
successful we don’t have a rich father
successful we don’t have a rich father powerful uncle we don’t have one
powerful uncle we don’t have one
powerful uncle we don’t have one daughter from bank when San Fran
daughter from bank when San Fran
daughter from bank when San Fran government just work as a team because
government just work as a team because
government just work as a team because we also have the same Pyrrhus when I got
we also have the same Pyrrhus when I got
we also have the same Pyrrhus when I got it’s not a good feeling being rejected
it’s not a good feeling being rejected
it’s not a good feeling being rejected by so many people
by so many people
by so many people we also depressed though at least later
we also depressed though at least later
we also depressed though at least later we find that the world has a lot of
we find that the world has a lot of
we find that the world has a lot of opportunity how you see the world how
opportunity how you see the world how
opportunity how you see the world how you catch the opportunity Tai Chi is a
you catch the opportunity Tai Chi is a
you catch the opportunity Tai Chi is a philosophy about in any young Tai Chi is
philosophy about in any young Tai Chi is
philosophy about in any young Tai Chi is about how you balance how you work like
about how you balance how you work like
about how you balance how you work like a competition people say when I compete
a competition people say when I compete
a competition people say when I compete with eBay see you hate even no no no I
with eBay see you hate even no no no I
with eBay see you hate even no no no I don’t anything it’s a great company you
don’t anything it’s a great company you
don’t anything it’s a great company you know they come I go you know Tai Chi’s
know they come I go you know Tai Chi’s
know they come I go you know Tai Chi’s like you fight here I go over there you
like you fight here I go over there you
like you fight here I go over there you put on the top
put on the top
put on the top I go to down right
I go to down right
I go to down right balance right you are happy on a small
balance right you are happy on a small
balance right you are happy on a small you know what else more I can’t jump
you know what else more I can’t jump
you know what else more I can’t jump your have you cannot Jack there Taji is
your have you cannot Jack there Taji is
your have you cannot Jack there Taji is better philosophy I use integer
better philosophy I use integer
better philosophy I use integer philosophy in the in the business calm
philosophy in the in the business calm
philosophy in the in the business calm down there’s always we out and keep
down there’s always we out and keep
down there’s always we out and keep yourself balanced and meanwhile but
yourself balanced and meanwhile but
yourself balanced and meanwhile but competition is a fun business and I got
competition is a fun business and I got
competition is a fun business and I got better few to you you die or I wink
better few to you you die or I wink
better few to you you die or I wink business even if you die I mean either
business even if you die I mean either
business even if you die I mean either win right so it’s about it’s better fun
win right so it’s about it’s better fun
win right so it’s about it’s better fun so Taichi give me a lot of inspirations
so Taichi give me a lot of inspirations
so Taichi give me a lot of inspirations I think what I fifteen years ago my
I think what I fifteen years ago my
I think what I fifteen years ago my apartment my wife or was that time one
apartment my wife or was that time one
apartment my wife or was that time one of the 18 founders I asked her do you
of the 18 founders I asked her do you
of the 18 founders I asked her do you want your husband to be a rich person
want your husband to be a rich person
want your husband to be a rich person I never said rich person China rich
I never said rich person China rich
I never said rich person China rich person han Solo
person han Solo
person han Solo oh you want to be your husband to be
oh you want to be your husband to be
oh you want to be your husband to be respected a person she said of course
respected a person she said of course
respected a person she said of course respected because she’d never believed
respected because she’d never believed
respected because she’d never believed and I don’t believe would be rich
and I don’t believe would be rich
and I don’t believe would be rich beautiful which is the water survive
beautiful which is the water survive
beautiful which is the water survive only thing we never give up the only
only thing we never give up the only
only thing we never give up the only thing like we’re like a forest to God
thing like we’re like a forest to God
thing like we’re like a forest to God will keep on fight we keep on change
will keep on fight we keep on change
will keep on fight we keep on change ourselves we don’t complain whether you
ourselves we don’t complain whether you
ourselves we don’t complain whether you were successful not successful I find a
were successful not successful I find a
were successful not successful I find a one people when they finish the job if
one people when they finish the job if
one people when they finish the job if they make the mistake of it a film if
they make the mistake of it a film if
they make the mistake of it a film if they always complained the others
they always complained the others
they always complained the others this guy will never come back if the guy
this guy will never come back if the guy
this guy will never come back if the guy only check himself
only check himself
only check himself yeah something wrong with me here’s
yeah something wrong with me here’s
yeah something wrong with me here’s something want me there there this guy
something want me there there this guy
something want me there there this guy has it hope
just like Open Sesame the secret code
just like Open Sesame the secret code for Alibaba the secret code for
for Alibaba the secret code for
for Alibaba the secret code for everybody’s keep your dream alive
everybody’s keep your dream alive
everybody’s keep your dream alive because it might come true someday this
because it might come true someday this
because it might come true someday this is what the Siri cookies to Madonna and
is what the Siri cookies to Madonna and
is what the Siri cookies to Madonna and I not sure about that so Nigel Miriam so
I not sure about that so Nigel Miriam so
I not sure about that so Nigel Miriam so go on and got so go on it’s homey so am
go on and got so go on it’s homey so am
go on and got so go on it’s homey so am ia neo you can put sources on a sir that
ia neo you can put sources on a sir that
ia neo you can put sources on a sir that wasn’t working hard she children hate
wasn’t working hard she children hate
wasn’t working hard she children hate old and I’m at 1 yen our church is a
old and I’m at 1 yen our church is a
old and I’m at 1 yen our church is a half water
half water
half water I wasn’t Union Jordanian switches in ENT
I wasn’t Union Jordanian switches in ENT
I wasn’t Union Jordanian switches in ENT or Jocasta so who I want some what she’s
or Jocasta so who I want some what she’s
or Jocasta so who I want some what she’s angling yo so whoever wants on your
angling yo so whoever wants on your
angling yo so whoever wants on your wedding a sativa what being high which
wedding a sativa what being high which
wedding a sativa what being high which is a banyan tree honey you go would you
is a banyan tree honey you go would you
is a banyan tree honey you go would you wait shitty who donates all animal yet
wait shitty who donates all animal yet
wait shitty who donates all animal yet was it you the second I guess today
was it you the second I guess today
was it you the second I guess today Julian Wow Candida lose some Honduran
Julian Wow Candida lose some Honduran
Julian Wow Candida lose some Honduran gonna Puyo talent Rebecca and this
gonna Puyo talent Rebecca and this
gonna Puyo talent Rebecca and this Silicon Valley killewarren daughter
Silicon Valley killewarren daughter
Silicon Valley killewarren daughter inspiration she could system she won
inspiration she could system she won
inspiration she could system she won cotton p.m. a canal oppa take a chunk
cotton p.m. a canal oppa take a chunk
cotton p.m. a canal oppa take a chunk ishiwan what to ensue young Tony she
ishiwan what to ensue young Tony she
ishiwan what to ensue young Tony she doesn’t know what young yummy trans of
doesn’t know what young yummy trans of
doesn’t know what young yummy trans of God
God
God Warren we put ransom Jessica treat other
Warren we put ransom Jessica treat other
Warren we put ransom Jessica treat other gentle tara misu was the jakkuman
gentle tara misu was the jakkuman
gentle tara misu was the jakkuman so the so far off was it suits a higher
so the so far off was it suits a higher
so the so far off was it suits a higher your suggestion a time that guy said
your suggestion a time that guy said
your suggestion a time that guy said what she had just watched what well
what she had just watched what well
what she had just watched what well that’s this year i yeah you know it some
that’s this year i yeah you know it some
that’s this year i yeah you know it some quick evaluation copy Roger haha and
quick evaluation copy Roger haha and
quick evaluation copy Roger haha and there’s a to top and he said Amato cray
there’s a to top and he said Amato cray
there’s a to top and he said Amato cray yeah into some what the patient is
yeah into some what the patient is
yeah into some what the patient is saying so good piano others today needs
saying so good piano others today needs
saying so good piano others today needs Yoshimi minutiae PMOI poet automata new
Yoshimi minutiae PMOI poet automata new
Yoshimi minutiae PMOI poet automata new pearpod
pearpod
pearpod it is maybe when you pee on herniation
it is maybe when you pee on herniation
it is maybe when you pee on herniation you achieve win so it was again here the
you achieve win so it was again here the
you achieve win so it was again here the girl yeah which is that Yoda so who
girl yeah which is that Yoda so who
girl yeah which is that Yoda so who doesn’t desire can tap on the word on
doesn’t desire can tap on the word on
doesn’t desire can tap on the word on such a jagged sing engine gun so you
such a jagged sing engine gun so you
such a jagged sing engine gun so you want your the Chester are in uncoated
want your the Chester are in uncoated
want your the Chester are in uncoated surf with the chimp ooh cotton zone so
surf with the chimp ooh cotton zone so
surf with the chimp ooh cotton zone so again woman and other searching then the
again woman and other searching then the
again woman and other searching then the Commission’s require totally shocked
Commission’s require totally shocked
Commission’s require totally shocked Gina Gaston je crois en su Jin LUN shuo
Gina Gaston je crois en su Jin LUN shuo
Gina Gaston je crois en su Jin LUN shuo as we remember 20 years ago when a
as we remember 20 years ago when a
as we remember 20 years ago when a Seattle for discovering
Seattle for discovering
Seattle for discovering and ninety years ago first trip to come
and ninety years ago first trip to come
and ninety years ago first trip to come to the Silicon Valley and I was so
to the Silicon Valley and I was so
to the Silicon Valley and I was so excited by people and especially in the
excited by people and especially in the
excited by people and especially in the evening
evening
evening all the roads traffic jam I’m excited by
all the roads traffic jam I’m excited by
all the roads traffic jam I’m excited by that especially in the sounding sound a
that especially in the sounding sound a
that especially in the sounding sound a and a Saturday weekends all the parking
and a Saturday weekends all the parking
and a Saturday weekends all the parking laws there’s no place to parking car I
laws there’s no place to parking car I
laws there’s no place to parking car I think this is so exciting which Chinese
think this is so exciting which Chinese
think this is so exciting which Chinese should have that and I go back and
should have that and I go back and
should have that and I go back and that’s right now we have a traffic jam
that’s right now we have a traffic jam
that’s right now we have a traffic jam but we so we went back and instead the
but we so we went back and instead the
but we so we went back and instead the the business and for twenty years
the business and for twenty years
the business and for twenty years survived to today still surviving but we
survived to today still surviving but we
survived to today still surviving but we want to make this company lost 102 years
want to make this company lost 102 years
want to make this company lost 102 years so we finished her only 16 years there
so we finished her only 16 years there
so we finished her only 16 years there are 86 years to go so I hope that 86
are 86 years to go so I hope that 86
are 86 years to go so I hope that 86 years explain why 102 so you start in
years explain why 102 so you start in
years explain why 102 so you start in 1999 yeah because in China everybody
1999 yeah because in China everybody
1999 yeah because in China everybody wanted to be make company for last a
wanted to be make company for last a
wanted to be make company for last a hundred years that this become a slogan
hundred years that this become a slogan
hundred years that this become a slogan nobody take it seriously if you want to
nobody take it seriously if you want to
nobody take it seriously if you want to give you know the KPI to your people
give you know the KPI to your people
give you know the KPI to your people should be very specific then people know
should be very specific then people know
should be very specific then people know it’s a series 102 years that we were boy
it’s a series 102 years that we were boy
it’s a series 102 years that we were boy in 1999 Alibaba so last a century we had
in 1999 Alibaba so last a century we had
in 1999 Alibaba so last a century we had one year and this century want to have a
one year and this century want to have a
one year and this century want to have a 100 years next century one year 102
100 years next century one year 102
100 years next century one year 102 cross three centuries so very specific
cross three centuries so very specific
cross three centuries so very specific it’s a within our company we never
it’s a within our company we never
it’s a within our company we never talked to your succeed successful not
talked to your succeed successful not
talked to your succeed successful not because we think they’re 86 years next
because we think they’re 86 years next
because we think they’re 86 years next to 86 years there are many chances that
to 86 years there are many chances that
to 86 years there are many chances that you will fill so that’s why we say don’t
you will fill so that’s why we say don’t
you will fill so that’s why we say don’t talk about your successful 86 years
talk about your successful 86 years
talk about your successful 86 years today they would talk about it you were
today they would talk about it you were
today they would talk about it you were a kind of a serial entrepreneur maybe
a kind of a serial entrepreneur maybe
a kind of a serial entrepreneur maybe you can talk a little bit about what did
you can talk a little bit about what did
you can talk a little bit about what did you see when you were at the government
you see when you were at the government
you see when you were at the government you were coming off of another startup
you were coming off of another startup
you were coming off of another startup that part of it was was very important
that part of it was was very important
that part of it was was very important to you because then then you went back
to you because then then you went back
to you because then then you went back to Hangzhou and started I went back to
to Hangzhou and started I went back to
to Hangzhou and started I went back to China was the Seattle dream of Internet
China was the Seattle dream of Internet
China was the Seattle dream of Internet I believe this thing is gonna change the
I believe this thing is gonna change the
I believe this thing is gonna change the world I believe this thing will be good
world I believe this thing will be good
world I believe this thing will be good big but where the Alibaba where the Jack
big but where the Alibaba where the Jack
big but where the Alibaba where the Jack Ma and his team can be successful I
Ma and his team can be successful I
Ma and his team can be successful I dunno I told her team somebody will be
dunno I told her team somebody will be
dunno I told her team somebody will be successful but not
successful but not
successful but not not be us who have to working very hard
not be us who have to working very hard
not be us who have to working very hard so what tough days in China a year 2009
so what tough days in China a year 2009
so what tough days in China a year 2009 sake ah 1996 1997 and then or go nowhere
sake ah 1996 1997 and then or go nowhere
sake ah 1996 1997 and then or go nowhere because we only I borrowed the 2000
because we only I borrowed the 2000
because we only I borrowed the 2000 daughters from my friends and families
daughters from my friends and families
daughters from my friends and families and relatives together so we compete
and relatives together so we compete
and relatives together so we compete with the China Telecom they have money
with the China Telecom they have money
with the China Telecom they have money that was a mob SOE their state on the
that was a mob SOE their state on the
that was a mob SOE their state on the business they’re competing with us
business they’re competing with us
business they’re competing with us finally you know they cannot kill us
finally you know they cannot kill us
finally you know they cannot kill us because we want to survive and we of
because we want to survive and we of
because we want to survive and we of course cannot kill a China Telecom so we
course cannot kill a China Telecom so we
course cannot kill a China Telecom so we had a joint venture they have a 70% we
had a joint venture they have a 70% we
had a joint venture they have a 70% we have 30% and I was so stupid I think
have 30% and I was so stupid I think
have 30% and I was so stupid I think they really love us but they got us beat
they really love us but they got us beat
they really love us but they got us beat they want to kill us
they want to kill us
they want to kill us a57 boss seats they have a 5 gotta to
a57 boss seats they have a 5 gotta to
a57 boss seats they have a 5 gotta to everything without even say our idea to
everything without even say our idea to
everything without even say our idea to say we don’t like it so so I say maybe I
say we don’t like it so so I say maybe I
say we don’t like it so so I say maybe I should go into Beijing go to Beijing
should go into Beijing go to Beijing
should go into Beijing go to Beijing join the government maybe they can help
join the government maybe they can help
join the government maybe they can help us promoting the internet so we went to
us promoting the internet so we went to
us promoting the internet so we went to Beijing join the moth tech Ministry of
Beijing join the moth tech Ministry of
Beijing join the moth tech Ministry of Foreign Trade as a part-time job
Foreign Trade as a part-time job
Foreign Trade as a part-time job contract for 14 months a working side a
contract for 14 months a working side a
contract for 14 months a working side a fun government can never ever promote
fun government can never ever promote
fun government can never ever promote the internet up you know make internet
the internet up you know make internet
the internet up you know make internet business something they are smart
business something they are smart
business something they are smart they’re good people but they think how
they’re good people but they think how
they’re good people but they think how can I make it using Internet to manage
can I make it using Internet to manage
can I make it using Internet to manage and control but we think we should have
and control but we think we should have
and control but we think we should have make not control making other people
make not control making other people
make not control making other people develop so different philosophy I think
develop so different philosophy I think
develop so different philosophy I think everyone work so I left and then during
everyone work so I left and then during
everyone work so I left and then during these day I met Jerry yen all right and
these day I met Jerry yen all right and
these day I met Jerry yen all right and then I think well you know no chance in
then I think well you know no chance in
then I think well you know no chance in the government no chance net and then I
the government no chance net and then I
the government no chance net and then I believe we should I give up
believe we should I give up
believe we should I give up so I was in a desperate I think a lot of
so I was in a desperate I think a lot of
so I was in a desperate I think a lot of sure let’s go do it again so we went
sure let’s go do it again so we went
sure let’s go do it again so we went back to hangs up stat I invited the 18
back to hangs up stat I invited the 18
back to hangs up stat I invited the 18 found you know my students and friends
found you know my students and friends
found you know my students and friends in my apartment
in my apartment
in my apartment year to 1999 most people cannot find
year to 1999 most people cannot find
year to 1999 most people cannot find jobs so say well if you have idea let’s
jobs so say well if you have idea let’s
jobs so say well if you have idea let’s do it it’s not where you are I don’t see
do it it’s not where you are I don’t see
do it it’s not where you are I don’t see it’s where your heart is where your
it’s where your heart is where your
it’s where your heart is where your vision is
vision is
vision is I remember seven years ago the senior
I remember seven years ago the senior
I remember seven years ago the senior management that like the vice chairman
management that like the vice chairman
management that like the vice chairman something time to hound so we have a
something time to hound so we have a
something time to hound so we have a warm up we have a drink and laugh sake
warm up we have a drink and laugh sake
warm up we have a drink and laugh sake but Dragan is that I said sir in ten
but Dragan is that I said sir in ten
but Dragan is that I said sir in ten years we will be bigger than Walmart
years we will be bigger than Walmart
years we will be bigger than Walmart globally you look at me say young man
globally you look at me say young man
globally you look at me say young man very good vision but I said you know but
very good vision but I said you know but
very good vision but I said you know but you you’ve always had this relentless
you you’ve always had this relentless
you you’ve always had this relentless focus around SMBs as your course into a
focus around SMBs as your course into a
focus around SMBs as your course into a sea that’s right it has that change and
sea that’s right it has that change and
sea that’s right it has that change and this is that’s what about answering is
this is that’s what about answering is
this is that’s what about answering is that we will be bigger than Walmart this
that we will be bigger than Walmart this
that we will be bigger than Walmart this year but that’s not mean that we are
year but that’s not mean that we are
year but that’s not mean that we are good guess we don’t want to the world
good guess we don’t want to the world
good guess we don’t want to the world has another company who can who are very
has another company who can who are very
has another company who can who are very able of selling things we don’t think we
able of selling things we don’t think we
able of selling things we don’t think we should buy itself we should enable so
should buy itself we should enable so
should buy itself we should enable so now there are 10 million small business
now there are 10 million small business
now there are 10 million small business power sellers in our sight we give them
power sellers in our sight we give them
power sellers in our sight we give them traffic we give them the new knowledge
traffic we give them the new knowledge
traffic we give them the new knowledge we give the data we help them deliver
we give the data we help them deliver
we give the data we help them deliver you know using a third party so that is
you know using a third party so that is
you know using a third party so that is it’s the 10 minute small business
it’s the 10 minute small business
it’s the 10 minute small business combined together they are the most
combined together they are the most
combined together they are the most powerful economy in the world and we’d
powerful economy in the world and we’d
powerful economy in the world and we’d never change I think we love small
never change I think we love small
never change I think we love small business will love young people or will
business will love young people or will
business will love young people or will love women talk about that why don’t you
love women talk about that why don’t you
love women talk about that why don’t you talk about the way I never know before
talk about the way I never know before
talk about the way I never know before the IPO there is American media big
the IPO there is American media big
the IPO there is American media big media came to us a chat why so many
media came to us a chat why so many
media came to us a chat why so many women your company I see anything wrong
women your company I see anything wrong
women your company I see anything wrong because we never know something wrong
because we never know something wrong
because we never know something wrong and then we find more than 52% of our
and then we find more than 52% of our
and then we find more than 52% of our colleagues a woman in the past 20 years
colleagues a woman in the past 20 years
colleagues a woman in the past 20 years we never got even one cent from
we never got even one cent from
we never got even one cent from government one cent from the China banks
government one cent from the China banks
government one cent from the China banks you know a friend of mine she write so
you know a friend of mine she write so
you know a friend of mine she write so that you just have to do from scratches
that you just have to do from scratches
that you just have to do from scratches training people develop people how to
training people develop people how to
training people develop people how to manage the money how to manage the
manage the money how to manage the
manage the money how to manage the projects how to do things better so when
projects how to do things better so when
projects how to do things better so when we build up this infrastructure talents
we build up this infrastructure talents
we build up this infrastructure talents and the policy and I think the coming so
and the policy and I think the coming so
and the policy and I think the coming so these are the areas I’m doing that this
these are the areas I’m doing that this
these are the areas I’m doing that this is our hope
is our hope
is our hope make these people successful make these
make these people successful make these
make these people successful make these people good and then they will attract
people good and then they will attract
people good and then they will attract more people going up right if the people
more people going up right if the people
more people going up right if the people who are online or poor and then nobody
who are online or poor and then nobody
who are online or poor and then nobody will good
will good
will good I like the Chinese I don’t like Chinese
I like the Chinese I don’t like Chinese
I like the Chinese I don’t like Chinese movie all the movies Chinese movies the
movie all the movies Chinese movies the
movie all the movies Chinese movies the heroes are
heroes are
heroes are died nobody want to be the hero in
died nobody want to be the hero in
died nobody want to be the hero in American movies all the heroes survived
American movies all the heroes survived
American movies all the heroes survived that’s what he want to be a hero making
that’s what he want to be a hero making
that’s what he want to be a hero making those people using Internet successful
those people using Internet successful
those people using Internet successful the language those small business using
the language those small business using
the language those small business using Internet if they’re successful our
Internet if they’re successful our
Internet if they’re successful our business was successful more people
business was successful more people
business was successful more people moving online so the other thing is that
moving online so the other thing is that
moving online so the other thing is that we should working with the government
we should working with the government
we should working with the government and lower you know more infrastructure
and lower you know more infrastructure
and lower you know more infrastructure lower the cost of the using they are
lower the cost of the using they are
lower the cost of the using they are they they did the broadband yeah I mean
they they did the broadband yeah I mean
they they did the broadband yeah I mean there are a lot of things can be done
there are a lot of things can be done
there are a lot of things can be done but aliento financing was coming from a
but aliento financing was coming from a
but aliento financing was coming from a leap a is a payment system because this
leap a is a payment system because this
leap a is a payment system because this was we found this company year 2004
was we found this company year 2004
was we found this company year 2004 because people in China talked a lot on
because people in China talked a lot on
because people in China talked a lot on the e-commerce they negotiate they talk
the e-commerce they negotiate they talk
the e-commerce they negotiate they talk but they don’t buy because they worry
but they don’t buy because they worry
but they don’t buy because they worry about the money give him and he this guy
about the money give him and he this guy
about the money give him and he this guy run away I went to all the banks and
run away I went to all the banks and
run away I went to all the banks and tried to convince the banks can you help
tried to convince the banks can you help
tried to convince the banks can you help him he’s the payment the bank’s a your
him he’s the payment the bank’s a your
him he’s the payment the bank’s a your business is too small we don’t want it
business is too small we don’t want it
business is too small we don’t want it so we have to we build up a very stupid
so we have to we build up a very stupid
so we have to we build up a very stupid service called a leap a is escrow
service called a leap a is escrow
service called a leap a is escrow services if you want to buy things from
services if you want to buy things from
services if you want to buy things from me you why the money to Jerry and Jerry
me you why the money to Jerry and Jerry
me you why the money to Jerry and Jerry let me know I got a product you’ve got
let me know I got a product you’ve got
let me know I got a product you’ve got money so I I send the products if you’re
money so I I send the products if you’re
money so I I send the products if you’re happy pay me not happy return the money
happy pay me not happy return the money
happy pay me not happy return the money return products that people say year
return products that people say year
return products that people say year 2003 they say this is the most stupid
2003 they say this is the most stupid
2003 they say this is the most stupid idea I’ve ever heard because why you
idea I’ve ever heard because why you
idea I’ve ever heard because why you don’t use credit card guys we don’t have
don’t use credit card guys we don’t have
don’t use credit card guys we don’t have credit cards so we made that today
credit cards so we made that today
credit cards so we made that today register users I mean just to register
register users I mean just to register
register users I mean just to register users close 1 billion people using that
users close 1 billion people using that
users close 1 billion people using that and active you know I don’t tell the
and active you know I don’t tell the
and active you know I don’t tell the number right we’re so big today on that
number right we’re so big today on that
number right we’re so big today on that and later becomes the standard payment
and later becomes the standard payment
and later becomes the standard payment for China and then based on that we all
for China and then based on that we all
for China and then based on that we all have all the data wherever the data’s we
have all the data wherever the data’s we
have all the data wherever the data’s we have to build up the credit system for
have to build up the credit system for
have to build up the credit system for each individual so today my Jim fool
each individual so today my Jim fool
each individual so today my Jim fool Omega is a private company
Omega is a private company
Omega is a private company it’s so big it’s almost if not big thing
it’s so big it’s almost if not big thing
it’s so big it’s almost if not big thing Alibaba the same size and I’m happy
Alibaba the same size and I’m happy
Alibaba the same size and I’m happy because this thing is changing China
because this thing is changing China
because this thing is changing China financial system and we are going we are
financial system and we are going we are
financial system and we are going we are also applying for licenses in the States
also applying for licenses in the States
also applying for licenses in the States we are going to the to a career Japan
we are going to the to a career Japan
we are going to the to a career Japan and the Indian and we think this is
and the Indian and we think this is
and the Indian and we think this is going to help millions of people in the
going to help millions of people in the
going to help millions of people in the world I think the seven years going we
world I think the seven years going we
world I think the seven years going we set up the audio our company was very
set up the audio our company was very
set up the audio our company was very difficult it was very very difficult to
difficult it was very very difficult to
difficult it was very very difficult to find a talents first it difficult to
find a talents first it difficult to
find a talents first it difficult to find a people to believe in the idea and
find a people to believe in the idea and
find a people to believe in the idea and the second you know i remember year 2002
the second you know i remember year 2002
the second you know i remember year 2002 we were trying to hi people being
we were trying to hi people being
we were trying to hi people being working or will being put advertised on
working or will being put advertised on
working or will being put advertised on the newspaper and going asking friends
the newspaper and going asking friends
the newspaper and going asking friends to join us it was difficult but i
to join us it was difficult but i
to join us it was difficult but i invited 18 friends including me well
invited 18 friends including me well
invited 18 friends including me well together 18 people 18 founders and some
together 18 people 18 founders and some
together 18 people 18 founders and some of my students some of my friends some
of my students some of my friends some
of my students some of my friends some of my you used to be my colleagues so
of my you used to be my colleagues so
of my you used to be my colleagues so it’s it’s just a normal people and i do
it’s it’s just a normal people and i do
it’s it’s just a normal people and i do not i would not say that at that time
not i would not say that at that time
not i would not say that at that time they were so talented or so great but
they were so talented or so great but
they were so talented or so great but after seven years these people i think
after seven years these people i think
after seven years these people i think most of them are really great and there
most of them are really great and there
most of them are really great and there could be see use of many companies like
could be see use of many companies like
could be see use of many companies like me and everybody know very little we
me and everybody know very little we
me and everybody know very little we just have a dream we believe the idea we
just have a dream we believe the idea we
just have a dream we believe the idea we believe the mission or we started and
if for the past seven years I never
if for the past seven years I never tried to convince if somebody wants to
tried to convince if somebody wants to
tried to convince if somebody wants to leave and I never tried to say sit down
leave and I never tried to say sit down
leave and I never tried to say sit down together with him say please stay no if
together with him say please stay no if
together with him say please stay no if he wants to leave and Elissa understand
he wants to leave and Elissa understand
he wants to leave and Elissa understand and I come back and check the current
and I come back and check the current
and I come back and check the current system what I should do to stop this
system what I should do to stop this
system what I should do to stop this kind of thing happen to the rest of
kind of thing happen to the rest of
kind of thing happen to the rest of people because of a guy he is really
people because of a guy he is really
people because of a guy he is really decided to leave it is very difficult to
decided to leave it is very difficult to
decided to leave it is very difficult to convince his must been thinking that for
convince his must been thinking that for
convince his must been thinking that for a long time I’ll be spent will be spend
a long time I’ll be spent will be spend
a long time I’ll be spent will be spend a lot of time building the culture that
a lot of time building the culture that
a lot of time building the culture that the great environment that people really
the great environment that people really
the great environment that people really love you know the value system so make
love you know the value system so make
love you know the value system so make people feel that this is the company I
people feel that this is the company I
people feel that this is the company I want to stay it’s transparent it’s open
want to stay it’s transparent it’s open
want to stay it’s transparent it’s open it is the place that I can develop
it is the place that I can develop
it is the place that I can develop myself and then of course the package
myself and then of course the package
myself and then of course the package the financial package and and also the
the financial package and and also the
the financial package and and also the company that it’s unique from others
company that it’s unique from others
company that it’s unique from others because it’s such a new thing you can
because it’s such a new thing you can
because it’s such a new thing you can create it’s not something you’re
create it’s not something you’re
create it’s not something you’re following somebody everything we’re
following somebody everything we’re
following somebody everything we’re doing that we are changing China as I
doing that we are changing China as I
doing that we are changing China as I mean you are changing the girl we’re
mean you are changing the girl we’re
mean you are changing the girl we’re sending you know we’re changing the
sending you know we’re changing the
sending you know we’re changing the internet so it’s the future I the the
internet so it’s the future I the the
internet so it’s the future I the the job I’m doing is full of meshing is full
job I’m doing is full of meshing is full
job I’m doing is full of meshing is full of meaning which I can change ten years
of meaning which I can change ten years
of meaning which I can change ten years later what China would look like on that
later what China would look like on that
later what China would look like on that on the e-commerce and a second they have
on the e-commerce and a second they have
on the e-commerce and a second they have a very being vironment it’s a simple no
a very being vironment it’s a simple no
a very being vironment it’s a simple no too bureaucratic no politics it’s just a
too bureaucratic no politics it’s just a
too bureaucratic no politics it’s just a it’s it’s a it’s a it’s a valley system
it’s it’s a it’s a it’s a valley system
it’s it’s a it’s a it’s a valley system they are believing and next definitely
they are believing and next definitely
they are believing and next definitely they have a good package well I asked
they have a good package well I asked
they have a good package well I asked them when they join are you happy with
them when they join are you happy with
them when they join are you happy with the pay with we paid you but because of
the pay with we paid you but because of
the pay with we paid you but because of the tough years we we start to think
the tough years we we start to think
the tough years we we start to think different today we start to do things
different today we start to do things
different today we start to do things differences that make us sort of unique
differences that make us sort of unique
differences that make us sort of unique and funny thing is a property every year
and funny thing is a property every year
and funny thing is a property every year we have a crazy target and every year we
we have a crazy target and every year we
we have a crazy target and every year we we reach the crazy target and then
we reach the crazy target and then
we reach the crazy target and then people say oh yeah we can make it so
people say oh yeah we can make it so
people say oh yeah we can make it so that that’s what happening I I don’t
that that’s what happening I I don’t
that that’s what happening I I don’t know but we have very few people say
know but we have very few people say
know but we have very few people say Jack I want to leave
financially we are not very competitive
financially we are not very competitive at the beginning even to today when
at the beginning even to today when
at the beginning even to today when people join us we usually get like 80%
people join us we usually get like 80%
people join us we usually get like 80% discount or 70% us these are the people
discount or 70% us these are the people
discount or 70% us these are the people that I believe in the dream believe the
that I believe in the dream believe the
that I believe in the dream believe the mission believe we can change the future
mission believe we can change the future
mission believe we can change the future and believe that we will gather well
and believe that we will gather well
and believe that we will gather well compensated so they join us that make
compensated so they join us that make
compensated so they join us that make the company change if people want to
the company change if people want to
the company change if people want to come to China they should have a
come to China they should have a
come to China they should have a multinational company I always give the
multinational company I always give the
multinational company I always give the advice to the mountain national company
advice to the mountain national company
advice to the mountain national company when they come to China set up a
when they come to China set up a
when they come to China set up a business they should find the talents
business they should find the talents
business they should find the talents which the entrepreneur spirit not the
which the entrepreneur spirit not the
which the entrepreneur spirit not the professional managers no pip is any
professional managers no pip is any
professional managers no pip is any business to be managed you come here you
business to be managed you come here you
business to be managed you come here you should find the people like startup
should find the people like startup
should find the people like startup sprit do from little beginning to
sprit do from little beginning to
sprit do from little beginning to everything and just do want to want to
everything and just do want to want to
everything and just do want to want to win and for these people you should give
win and for these people you should give
win and for these people you should give them trust give them the authority give
them trust give them the authority give
them trust give them the authority give them the chin you know just to give them
them the chin you know just to give them
them the chin you know just to give them the freedom to do things if you trust
the freedom to do things if you trust
the freedom to do things if you trust him not even do it and unfortunately I
him not even do it and unfortunately I
him not even do it and unfortunately I saw a lot of multinational companies and
saw a lot of multinational companies and
saw a lot of multinational companies and people here like a most like a
people here like a most like a
people here like a most like a professional guys so for those people
professional guys so for those people
professional guys so for those people who are already stayed here if there
who are already stayed here if there
who are already stayed here if there Forbes entrepreneurships join the
Forbes entrepreneurships join the
Forbes entrepreneurships join the startups if they think I’m a
startups if they think I’m a
startups if they think I’m a professional manager looking for the
professional manager looking for the
professional manager looking for the company like Alibaba today’s stage the
company like Alibaba today’s stage the
company like Alibaba today’s stage the difference stage so you got to find a
difference stage so you got to find a
difference stage so you got to find a different team you know stage it will be
different team you know stage it will be
different team you know stage it will be easier when I see the entrepreneurs when
easier when I see the entrepreneurs when
easier when I see the entrepreneurs when I came to the SMEs I always feel excited
I came to the SMEs I always feel excited
I came to the SMEs I always feel excited because when I joined the SME conference
because when I joined the SME conference
because when I joined the SME conference I see from the eyes the dreams the
I see from the eyes the dreams the
I see from the eyes the dreams the passion the hope it’s not how fast your
passion the hope it’s not how fast your
passion the hope it’s not how fast your machine is it’s not how many equipments
machine is it’s not how many equipments
machine is it’s not how many equipments you have it is how quickly you can
you have it is how quickly you can
you have it is how quickly you can change yourself to meet the market
change yourself to meet the market
change yourself to meet the market because the inflammation time internet
because the inflammation time internet
because the inflammation time internet technology make a difference so the
technology make a difference so the
technology make a difference so the world IT in the last century is designed
world IT in the last century is designed
world IT in the last century is designed for manufacture this entry IT is
for manufacture this entry IT is
for manufacture this entry IT is designed for making to help the
designed for making to help the
designed for making to help the consumers so I think this is a disaster
consumers so I think this is a disaster
consumers so I think this is a disaster for big companies central disaster for
for big companies central disaster for
for big companies central disaster for big companies but it is a great
big companies but it is a great
big companies but it is a great opportunity for small business for this
opportunity for small business for this
opportunity for small business for this financial crisis we see
financial crisis we see
financial crisis we see a lot of big companies we never thought
a lot of big companies we never thought
a lot of big companies we never thought they were to die AIG it to me it’s like
they were to die AIG it to me it’s like
they were to die AIG it to me it’s like Empire how could that happen
Empire how could that happen
Empire how could that happen right all the G you know the the big car
right all the G you know the the big car
right all the G you know the the big car companies which we respect we always
companies which we respect we always
companies which we respect we always want to be there but today they all died
want to be there but today they all died
want to be there but today they all died and look at the SMEs we still feel
and look at the SMEs we still feel
and look at the SMEs we still feel painful but we are helping our heart
painful but we are helping our heart
painful but we are helping our heart because we still survive every big
because we still survive every big
because we still survive every big company they have a different practice
company they have a different practice
company they have a different practice aster different problems but all the
aster different problems but all the
aster different problems but all the SMEs have the same problems they need
SMEs have the same problems they need
SMEs have the same problems they need understanding the support this words not
understanding the support this words not
understanding the support this words not affair I know so that why I want
affair I know so that why I want
affair I know so that why I want encouraging everyone all the SMEs here
encouraging everyone all the SMEs here
encouraging everyone all the SMEs here I still believe I’m a small because when
I still believe I’m a small because when
I still believe I’m a small because when I’m in school I know I can be big and I
I’m in school I know I can be big and I
I’m in school I know I can be big and I hate to be big I’m fortunate today when
hate to be big I’m fortunate today when
hate to be big I’m fortunate today when I was a small company only I returned to
I was a small company only I returned to
I was a small company only I returned to the people I feel so excited
the people I feel so excited
the people I feel so excited well I can call every employs names and
well I can call every employs names and
well I can call every employs names and I know every time everything I want to
I know every time everything I want to
I know every time everything I want to change I can change within half a minute
change I can change within half a minute
change I can change within half a minute now Oh terrible it’s much tougher than
now Oh terrible it’s much tougher than
now Oh terrible it’s much tougher than when you are small so I always believe
when you are small so I always believe
when you are small so I always believe the first day love is very beautiful
the first day love is very beautiful
the first day love is very beautiful believe the first day love believe the
believe the first day love believe the
believe the first day love believe the first when you’re small at least you can
first when you’re small at least you can
first when you’re small at least you can have time when you’re big you always go
have time when you’re big you always go
have time when you’re big you always go to board meetings I give you some today
to board meetings I give you some today
to board meetings I give you some today I come here people say Jack you do not
I come here people say Jack you do not
I come here people say Jack you do not prepare why you don’t have a PPT I never
prepare why you don’t have a PPT I never
prepare why you don’t have a PPT I never prepared TBT I you know I I’m not a good
prepared TBT I you know I I’m not a good
prepared TBT I you know I I’m not a good at the technology I’m a I was trained to
at the technology I’m a I was trained to
at the technology I’m a I was trained to be a high school teacher funny things
be a high school teacher funny things
be a high school teacher funny things I’m a running the one of the biggest
I’m a running the one of the biggest
I’m a running the one of the biggest e-commerce companies in China I believe
e-commerce companies in China I believe
e-commerce companies in China I believe in the world but I know nothing about
in the world but I know nothing about
in the world but I know nothing about computer the only thing I can know about
computer the only thing I can know about
computer the only thing I can know about computer and send receive email and a
computer and send receive email and a
computer and send receive email and a browse that’s it
browse that’s it
browse that’s it because I always add technology for
because I always add technology for
because I always add technology for people people not working for technology
people people not working for technology
people people not working for technology but today I come here as an entrepreneur
but today I come here as an entrepreneur
but today I come here as an entrepreneur and prepare every day and that prepare
and prepare every day and that prepare
and prepare every day and that prepare for the PPT because every time when I
for the PPT because every time when I
for the PPT because every time when I use the PPT something wrong I can I use
use the PPT something wrong I can I use
use the PPT something wrong I can I use it so I come here to tell you my own
it so I come here to tell you my own
it so I come here to tell you my own experience I want to share with you as a
experience I want to share with you as a
experience I want to share with you as a kid’s father what I did when I have
kid’s father what I did when I have
kid’s father what I did when I have trouble when I have trouble I always
trouble when I have trouble I always
trouble when I have trouble I always remind me 1/3 thing focus on your
remind me 1/3 thing focus on your
remind me 1/3 thing focus on your customer serve your employees and learn
customer serve your employees and learn
customer serve your employees and learn from their competitors year 1999 and
from their competitors year 1999 and
from their competitors year 1999 and year 2000 when internet bubble burst we
year 2000 when internet bubble burst we
year 2000 when internet bubble burst we cannot get any money we do not have
cannot get any money we do not have
cannot get any money we do not have revenues we have nothing but everything
revenues we have nothing but everything
revenues we have nothing but everything what I encourage to me go on was a
what I encourage to me go on was a
what I encourage to me go on was a letter of thanks and emails from my
letter of thanks and emails from my
letter of thanks and emails from my customer say Jack Alibaba
customer say Jack Alibaba
customer say Jack Alibaba keep on because you helped us someday we
keep on because you helped us someday we
keep on because you helped us someday we will help you that’s their dream I had
will help you that’s their dream I had
will help you that’s their dream I had so rely on customers because the
so rely on customers because the
so rely on customers because the customers stay with you custom grow up
customers stay with you custom grow up
customers stay with you custom grow up with you custom give you money give you
with you custom give you money give you
with you custom give you money give you the hope give you the support so focus
the hope give you the support so focus
the hope give you the support so focus on customer and second is rely and serve
on customer and second is rely and serve
on customer and second is rely and serve your employees
your employees
your employees it’s your employee it’s your team that
it’s your employee it’s your team that
it’s your employee it’s your team that make the difference that the employees
make the difference that the employees
make the difference that the employees that make all the dreams realized if we
that make all the dreams realized if we
that make all the dreams realized if we say well you know we have so many
say well you know we have so many
say well you know we have so many problems and and you know big companies
problems and and you know big companies
problems and and you know big companies have have a problem in getting the
have have a problem in getting the
have have a problem in getting the innovations how to make things happen
innovations how to make things happen
innovations how to make things happen well because they do not listen to the
well because they do not listen to the
well because they do not listen to the employees they folks too much on the
employees they folks too much on the
employees they folks too much on the shareholders the shareholders they give
shareholders the shareholders they give
shareholders the shareholders they give you this idea their idea and where you
you this idea their idea and where you
you this idea their idea and where you really do that idea they’d gone and they
really do that idea they’d gone and they
really do that idea they’d gone and they change all the time but your employees
change all the time but your employees
change all the time but your employees stay with you I remember the tough days
stay with you I remember the tough days
stay with you I remember the tough days what it was so difficult year 2002 2001
what it was so difficult year 2002 2001
what it was so difficult year 2002 2001 there’s only one group of people that
there’s only one group of people that
there’s only one group of people that stay with me that’s my colleagues and
stay with me that’s my colleagues and
stay with me that’s my colleagues and people say Jack you don’t have to pay me
people say Jack you don’t have to pay me
people say Jack you don’t have to pay me for two years I would still stay the
for two years I would still stay the
for two years I would still stay the company because you respect us because
company because you respect us because
company because you respect us because the custom love us and I’ll tell you one
the custom love us and I’ll tell you one
the custom love us and I’ll tell you one funny thing every it only way you
funny thing every it only way you
funny thing every it only way you believe your employees our talents they
believe your employees our talents they
believe your employees our talents they are talented the people if you don’t
are talented the people if you don’t
are talented the people if you don’t believe them they will never be my
believe them they will never be my
believe them they will never be my mistake I made year 2000 we raised to 5
mistake I made year 2000 we raised to 5
mistake I made year 2000 we raised to 5 million US dollars and that 5 million
million US dollars and that 5 million
million US dollars and that 5 million years from where we have money we start
years from where we have money we start
years from where we have money we start to make mistakes I try to high as many
to make mistakes I try to high as many
to make mistakes I try to high as many talents as a possible those talents our
talents as a possible those talents our
talents as a possible those talents our MBAs those talents our vice president of
MBAs those talents our vice president of
MBAs those talents our vice president of multinational companies because I
multinational companies because I
multinational companies because I believe if you have envy you must be
believe if you have envy you must be
believe if you have envy you must be good right
good right
good right but when I hide these guys oh my god
but when I hide these guys oh my god
but when I hide these guys oh my god it’s a terrible names guy keep telling
it’s a terrible names guy keep telling
it’s a terrible names guy keep telling strategy I only have 5 million dollars I
strategy I only have 5 million dollars I
strategy I only have 5 million dollars I remember one of the vice president
remember one of the vice president
remember one of the vice president marketing said they check this is the
marketing said they check this is the
marketing said they check this is the budget for next two years marketing I
budget for next two years marketing I
budget for next two years marketing I said what is that 12 million US dollars
said what is that 12 million US dollars
said what is that 12 million US dollars I only have five minutes he said I’ve
I only have five minutes he said I’ve
I only have five minutes he said I’ve never done any plan below 10 million
never done any plan below 10 million
never done any plan below 10 million look at your employees develop with them
look at your employees develop with them
look at your employees develop with them only when they are developed your
only when they are developed your
only when they are developed your company will be developed why we are so
company will be developed why we are so
company will be developed why we are so successful when we are 10 tastes will
successful when we are 10 tastes will
successful when we are 10 tastes will become millionaire what will happen are
become millionaire what will happen are
become millionaire what will happen are we we are very hardworking people I
we we are very hardworking people I
we we are very hardworking people I think they’re much more hard-working
think they’re much more hard-working
think they’re much more hard-working people outside do you think we are smart
people outside do you think we are smart
people outside do you think we are smart enough oh I don’t think I’m a smart I
enough oh I don’t think I’m a smart I
enough oh I don’t think I’m a smart I don’t think you as Samarra and at that
don’t think you as Samarra and at that
don’t think you as Samarra and at that time in year 2000 it was so difficult
time in year 2000 it was so difficult
time in year 2000 it was so difficult for Ari Papa to hide people if they’re
for Ari Papa to hide people if they’re
for Ari Papa to hide people if they’re not very that much disabled we hide them
not very that much disabled we hide them
not very that much disabled we hide them if they can walk we hide them because no
if they can walk we hide them because no
if they can walk we hide them because no big nobody believed me believe out the
big nobody believed me believe out the
big nobody believed me believe out the internet nobody believed ecommerce will
internet nobody believed ecommerce will
internet nobody believed ecommerce will work inch and nobody believed that you
work inch and nobody believed that you
work inch and nobody believed that you know Internet can happen but these guys
know Internet can happen but these guys
know Internet can happen but these guys because they have no jobs so see well
because they have no jobs so see well
because they have no jobs so see well let’s come here so they joined the
let’s come here so they joined the
let’s come here so they joined the company and then those MBAs those people
company and then those MBAs those people
company and then those MBAs those people who is great you know background they
who is great you know background they
who is great you know background they they they were a lot of counting company
they they were a lot of counting company
they they were a lot of counting company they moved out they start their own
they moved out they start their own
they moved out they start their own business now today they all feel those
business now today they all feel those
business now today they all feel those guys
guys
guys nobody haunting them those guys never
nobody haunting them those guys never
nobody haunting them those guys never sort of have the dreams to build up
sort of have the dreams to build up
sort of have the dreams to build up their own companies stay in the company
their own companies stay in the company
their own companies stay in the company after five years will succeed why we
after five years will succeed why we
after five years will succeed why we keep our dreams we believe it no matter
keep our dreams we believe it no matter
keep our dreams we believe it no matter how big your dream is make small tiny
how big your dream is make small tiny
how big your dream is make small tiny steps ahead and grow with them grow with
steps ahead and grow with them grow with
steps ahead and grow with them grow with the company and the third thing is learn
the company and the third thing is learn
the company and the third thing is learn from your competitors don’t hate their
from your competitors don’t hate their
from your competitors don’t hate their competitors big companies hate
competitors big companies hate
competitors big companies hate competitors I love my competitors
competitors I love my competitors
competitors I love my competitors where’s our competitors we will never
where’s our competitors we will never
where’s our competitors we will never grow that much fast year 2003 when we
grow that much fast year 2003 when we
grow that much fast year 2003 when we start you know terabytes a c2c auction
start you know terabytes a c2c auction
start you know terabytes a c2c auction model ebay my competitor at that time is
model ebay my competitor at that time is
model ebay my competitor at that time is a
a
a eighty billion dollars market cap we
eighty billion dollars market cap we
eighty billion dollars market cap we know small tiny but we start to compete
know small tiny but we start to compete
know small tiny but we start to compete it’s a lot of fun to compete with big
it’s a lot of fun to compete with big
it’s a lot of fun to compete with big guys you know if I start to have a
guys you know if I start to have a
guys you know if I start to have a boxing with Mike Tyson I’m honored you
boxing with Mike Tyson I’m honored you
boxing with Mike Tyson I’m honored you know if you have a chance to compete
know if you have a chance to compete
know if you have a chance to compete with somebody if it is it is a great
with somebody if it is it is a great
with somebody if it is it is a great competitor you learn we learn from our
competitor you learn we learn from our
competitor you learn we learn from our competitors we respect them everything
competitors we respect them everything
competitors we respect them everything they move you grow and all the thing I
they move you grow and all the thing I
they move you grow and all the thing I want to share with you is that
want to share with you is that
want to share with you is that competitors the best laboratory for you
competitors the best laboratory for you
competitors the best laboratory for you because compared instead of you any
because compared instead of you any
because compared instead of you any innovative ideas they can you learn that
innovative ideas they can you learn that
innovative ideas they can you learn that don’t copy them learn from them so I
don’t copy them learn from them so I
don’t copy them learn from them so I love my competitors every time when I
love my competitors every time when I
love my competitors every time when I look at them I was Adam I but I in China
look at them I was Adam I but I in China
look at them I was Adam I but I in China people say Jack yes so crazy because
people say Jack yes so crazy because
people say Jack yes so crazy because four years ago I said when I look at my
four years ago I said when I look at my
four years ago I said when I look at my telescope I never seen my competitors
telescope I never seen my competitors
telescope I never seen my competitors and people say how could you be that
and people say how could you be that
and people say how could you be that palm RL and as you know I’m looking for
palm RL and as you know I’m looking for
palm RL and as you know I’m looking for examples models
examples models
examples models why should I looking for competitors
why should I looking for competitors
why should I looking for competitors competitors are everywhere and when you
competitors are everywhere and when you
competitors are everywhere and when you compete having fun the most interesting
compete having fun the most interesting
compete having fun the most interesting part of the business is competition to
part of the business is competition to
part of the business is competition to make your competitors angry to make your
make your competitors angry to make your
make your competitors angry to make your competitors jumping around that’s the
competitors jumping around that’s the
competitors jumping around that’s the skill you should have not making
skill you should have not making
skill you should have not making yourself jumping around and angry right
yourself jumping around and angry right
yourself jumping around and angry right business is such a great fun where you
business is such a great fun where you
business is such a great fun where you compete when I compete if I got angry if
compete when I compete if I got angry if
compete when I compete if I got angry if I jumping around I know something wrong
I jumping around I know something wrong
I jumping around I know something wrong because this is a wrong strategy to
because this is a wrong strategy to
because this is a wrong strategy to compete where you compete you know not
compete where you compete you know not
compete where you compete you know not not not personally make your your
not not personally make your your
not not personally make your your competitor unhappy if they are unhappy
competitor unhappy if they are unhappy
competitor unhappy if they are unhappy if they jumping around if they try to
if they jumping around if they try to
if they jumping around if they try to use money to clear everything you start
use money to clear everything you start
use money to clear everything you start doing because they start to lose money
doing because they start to lose money
doing because they start to lose money where you compare the study using money
where you compare the study using money
where you compare the study using money to compete with you they start to lose
to compete with you they start to lose
to compete with you they start to lose business is bad wisdom business is about
business is bad wisdom business is about
business is bad wisdom business is about hope business about a courage so these
hope business about a courage so these
hope business about a courage so these are all the skills and I nobody comfort
are all the skills and I nobody comfort
are all the skills and I nobody comfort us I learned to use my right hand
us I learned to use my right hand
us I learned to use my right hand to come from my left hand when I’m in
to come from my left hand when I’m in
to come from my left hand when I’m in trouble you always tell yourself okay
trouble you always tell yourself okay
trouble you always tell yourself okay I’m still surviving I’m still growing
I’m still surviving I’m still growing
I’m still surviving I’m still growing everything’s good at least I’m still
everything’s good at least I’m still
everything’s good at least I’m still surviving right so when you’re big you
surviving right so when you’re big you
surviving right so when you’re big you start to worry about losing something
start to worry about losing something
start to worry about losing something where small is start to grow so I always
where small is start to grow so I always
where small is start to grow so I always believe small keep the hope so
believe small keep the hope so
believe small keep the hope so these are these things I want to share
these are these things I want to share
these are these things I want to share with you and the last and most important
with you and the last and most important
with you and the last and most important thing I want to say is never ever give
thing I want to say is never ever give
thing I want to say is never ever give up your dreams I almost I think so I
up your dreams I almost I think so I
up your dreams I almost I think so I want to tell you that I had problems in
want to tell you that I had problems in
want to tell you that I had problems in the past ten years these days when I
the past ten years these days when I
the past ten years these days when I walk on China when I look at the airport
walk on China when I look at the airport
walk on China when I look at the airport a lot of books about me about the
a lot of books about me about the
a lot of books about me about the Alibaba I feel a few very nervous
Alibaba I feel a few very nervous
Alibaba I feel a few very nervous because these are not of books interview
because these are not of books interview
because these are not of books interview to me these are books that all right we
to me these are books that all right we
to me these are books that all right we are not that good
are not that good
are not that good we’re not that bad but today where
we’re not that bad but today where
we’re not that bad but today where you’re something you know successful
you’re something you know successful
you’re something you know successful they start to write a good things about
they start to write a good things about
they start to write a good things about it we made so many mistakes the only
it we made so many mistakes the only
it we made so many mistakes the only book that I dreamed to write about is
book that I dreamed to write about is
book that I dreamed to write about is Alibaba 1001 mistakes every mistakes I
Alibaba 1001 mistakes every mistakes I
Alibaba 1001 mistakes every mistakes I think you counted I made it when I was
think you counted I made it when I was
think you counted I made it when I was doing business
doing business
doing business everybody said wow this is this is this
everybody said wow this is this is this
everybody said wow this is this is this is the mistake yeah this guy is gonna
is the mistake yeah this guy is gonna
is the mistake yeah this guy is gonna make that guy is gonna I’m never going
make that guy is gonna I’m never going
make that guy is gonna I’m never going to make it I tell you I make it and you
to make it I tell you I make it and you
to make it I tell you I make it and you will make it again again again and when
will make it again again again and when
will make it again again again and when you make it again again don’t lose
you make it again again don’t lose
you make it again again don’t lose confidence make it again you will win
confidence make it again you will win
confidence make it again you will win that’s that’s all we did I mean nobody’s
that’s that’s all we did I mean nobody’s
that’s that’s all we did I mean nobody’s perfect right so I almost lose my count
perfect right so I almost lose my count
perfect right so I almost lose my count for year 2002 I had a big trouble with
for year 2002 I had a big trouble with
for year 2002 I had a big trouble with my team in the USA I learned from a
my team in the USA I learned from a
my team in the USA I learned from a great consultant a guy joined the
great consultant a guy joined the
great consultant a guy joined the company as a jack re papa doing
company as a jack re papa doing
company as a jack re papa doing international trade international trade
international trade international trade
international trade international trade needs English which country has the best
needs English which country has the best
needs English which country has the best English you have is believing USA right
English you have is believing USA right
English you have is believing USA right now internet needs great technology
now internet needs great technology
now internet needs great technology which country has the best technology
which country has the best technology
which country has the best technology we’re saying hmm USA right and we’re in
we’re saying hmm USA right and we’re in
we’re saying hmm USA right and we’re in Silicon Valley so we move our
Silicon Valley so we move our
Silicon Valley so we move our alibaba.com to Silicon Valley
and when I arrived Silicon Valley I we
and when I arrived Silicon Valley I we suddenly realized something wrong we
suddenly realized something wrong we
suddenly realized something wrong we hired people from Miami from New York
hired people from Miami from New York
hired people from Miami from New York and from all the where they all came to
and from all the where they all came to
and from all the where they all came to the the our Silicon Valley and after
the the our Silicon Valley and after
the the our Silicon Valley and after three months a real the problem is that
three months a real the problem is that
three months a real the problem is that nobody’s Silicon Valley no the trade so
nobody’s Silicon Valley no the trade so
nobody’s Silicon Valley no the trade so what’s the point have a good technology
what’s the point have a good technology
what’s the point have a good technology and English
and English
and English we are not English society right all the
we are not English society right all the
we are not English society right all the small medium-sized companies across the
small medium-sized companies across the
small medium-sized companies across the board they know exactly what are you
board they know exactly what are you
board they know exactly what are you talking about no matter how terrible
talking about no matter how terrible
talking about no matter how terrible English is so I’m very mistake and I
English is so I’m very mistake and I
English is so I’m very mistake and I told that people say sorry it’s a
told that people say sorry it’s a
told that people say sorry it’s a mistake let’s move back so after 2
mistake let’s move back so after 2
mistake let’s move back so after 2 months we moved back to China again the
months we moved back to China again the
months we moved back to China again the funny thing is that everybody was happy
funny thing is that everybody was happy
funny thing is that everybody was happy cetera because
cetera because
cetera because Intendant of boosting they get a lot of
Intendant of boosting they get a lot of
Intendant of boosting they get a lot of option shares they got a lot of cash pay
option shares they got a lot of cash pay
option shares they got a lot of cash pay and the fun and of the job is easy and
and the fun and of the job is easy and
and the fun and of the job is easy and nobody wanted the shares a quick give
nobody wanted the shares a quick give
nobody wanted the shares a quick give them one cent for sure
them one cent for sure
them one cent for sure no no no no no she want a catch now you
no no no no no she want a catch now you
no no no no no she want a catch now you know they don’t believe your dreams if
know they don’t believe your dreams if
know they don’t believe your dreams if they believe the dreams give them the
they believe the dreams give them the
they believe the dreams give them the shares one cent if they don’t believe I
shares one cent if they don’t believe I
shares one cent if they don’t believe I want to cash let them go and I was so
want to cash let them go and I was so
want to cash let them go and I was so disappointed a lot of people we hide
disappointed a lot of people we hide
disappointed a lot of people we hide they do not want they want to cash no
they do not want they want to cash no
they do not want they want to cash no matter how wonderful that at that time
matter how wonderful that at that time
matter how wonderful that at that time it’s easy to raise money people still on
it’s easy to raise money people still on
it’s easy to raise money people still on a cash so I say ok let’s forget it and I
a cash so I say ok let’s forget it and I
a cash so I say ok let’s forget it and I work from a half an hour on the beijing
work from a half an hour on the beijing
work from a half an hour on the beijing street my college was with me and then I
street my college was with me and then I
street my college was with me and then I told myself go to bed sleep tomorrow
told myself go to bed sleep tomorrow
told myself go to bed sleep tomorrow again so we started today things change
again so we started today things change
again so we started today things change so I want to tell you never ever give up
so I want to tell you never ever give up
so I want to tell you never ever give up your dreams and today I encourage myself
your dreams and today I encourage myself
your dreams and today I encourage myself and our team it reminds us one thing
and our team it reminds us one thing
and our team it reminds us one thing that today is very difficult
that today is very difficult
that today is very difficult tomorrow is much more difficult but the
tomorrow is much more difficult but the
tomorrow is much more difficult but the day up tomorrow is a very beautiful most
day up tomorrow is a very beautiful most
day up tomorrow is a very beautiful most people die tomorrow evening
people die tomorrow evening
people die tomorrow evening if you give up the hope you have you and
if you give up the hope you have you and
if you give up the hope you have you and hope you will not seen it if you give up
hope you will not seen it if you give up
hope you will not seen it if you give up an employee you will never see it if you
an employee you will never see it if you
an employee you will never see it if you give up your customers your dad but if
give up your customers your dad but if
give up your customers your dad but if you give up shareholders you will get a
you give up shareholders you will get a
you give up shareholders you will get a better one everybody were very sensitive
better one everybody were very sensitive
better one everybody were very sensitive when I say I’m gonna spend one year
when I say I’m gonna spend one year
when I say I’m gonna spend one year there and I just come here I’m tied to
there and I just come here I’m tied to
there and I just come here I’m tied to tied in the posture 16 years I start my
tied in the posture 16 years I start my
tied in the posture 16 years I start my business when I started 1994-5 internet
business when I started 1994-5 internet
business when I started 1994-5 internet and I got crazy about the Internet give
and I got crazy about the Internet give
and I got crazy about the Internet give up my job in the teaching and like I
up my job in the teaching and like I
up my job in the teaching and like I call myself like a blind man riding on
call myself like a blind man riding on
call myself like a blind man riding on the back of blind tigers jumping around
the back of blind tigers jumping around
the back of blind tigers jumping around Steve kicking and still surviving and
Steve kicking and still surviving and
Steve kicking and still surviving and then joined the government organization
then joined the government organization
then joined the government organization for 16 mouse and not successful is that
for 16 mouse and not successful is that
for 16 mouse and not successful is that Alibaba 1999 and we build up the Alibaba
Alibaba 1999 and we build up the Alibaba
Alibaba 1999 and we build up the Alibaba we are lucky enough to have the Taobao
we are lucky enough to have the Taobao
we are lucky enough to have the Taobao we have the Ali pay we have Ali cloud
we have the Ali pay we have Ali cloud
we have the Ali pay we have Ali cloud computing and so many things are up to
computing and so many things are up to
computing and so many things are up to 12 years I say I need some time to rest
12 years I say I need some time to rest
12 years I say I need some time to rest especially this year was so difficult
especially this year was so difficult
especially this year was so difficult for me I did not expect I prepare for 12
for me I did not expect I prepare for 12
for me I did not expect I prepare for 12 year was in China called up a minion
year was in China called up a minion
year was in China called up a minion this is our 12 year for Alibaba we have
this is our 12 year for Alibaba we have
this is our 12 year for Alibaba we have the the a leap Taobao separated and in a
the the a leap Taobao separated and in a
the the a leap Taobao separated and in a four parts so many things that really
four parts so many things that really
four parts so many things that really make me feel tight and I said well why
make me feel tight and I said well why
make me feel tight and I said well why not give up one year because next year
not give up one year because next year
not give up one year because next year is my personal per minion which is could
is my personal per minion which is could
is my personal per minion which is could be much more difficult
be much more difficult
be much more difficult well this day was very tough and
well this day was very tough and
well this day was very tough and difficult I believe next year is going
difficult I believe next year is going
difficult I believe next year is going to be tougher and more difficult and
to be tougher and more difficult and
to be tougher and more difficult and more complexed so I got ready for that
more complexed so I got ready for that
more complexed so I got ready for that and I knew think I need a rest so in
and I knew think I need a rest so in
and I knew think I need a rest so in order to for another 3-4 years how to
order to for another 3-4 years how to
order to for another 3-4 years how to work it because this three years is not
work it because this three years is not
work it because this three years is not my job if something wrong criticize this
my job if something wrong criticize this
my job if something wrong criticize this president of top of sea of Alibaba and a
president of top of sea of Alibaba and a
president of top of sea of Alibaba and a leap it is their fault because three
leap it is their fault because three
leap it is their fault because three years therefore three years later
years therefore three years later
years therefore three years later something wrong my fault so I’d come
something wrong my fault so I’d come
something wrong my fault so I’d come here and I would spend most of time in
here and I would spend most of time in
here and I would spend most of time in the States and then thinking relaxing
the States and then thinking relaxing
the States and then thinking relaxing and yes the two days ago I pick up my
and yes the two days ago I pick up my
and yes the two days ago I pick up my golf and here and so we are very lucky
golf and here and so we are very lucky
golf and here and so we are very lucky company I don’t have any sort of
company I don’t have any sort of
company I don’t have any sort of backgrounds a rich father or strong
backgrounds a rich father or strong
backgrounds a rich father or strong ankles so and III remember 1999 I came
ankles so and III remember 1999 I came
ankles so and III remember 1999 I came to Silicon Valley looking for venture
to Silicon Valley looking for venture
to Silicon Valley looking for venture capitalists I talked a lot of magic
capitalists I talked a lot of magic
capitalists I talked a lot of magic capitalists and I remember a few days
capitalists and I remember a few days
capitalists and I remember a few days we’re gonna drive by by the map man lo
we’re gonna drive by by the map man lo
we’re gonna drive by by the map man lo park right I was hours rejected by so
park right I was hours rejected by so
park right I was hours rejected by so many venture capitalists when I talk
many venture capitalists when I talk
many venture capitalists when I talk about Alibaba starlets they look at me
about Alibaba starlets they look at me
about Alibaba starlets they look at me strange what Alibaba what they’re
strange what Alibaba what they’re
strange what Alibaba what they’re talking about it well I went back to
talking about it well I went back to
talking about it well I went back to China with nothing no money
China with nothing no money
China with nothing no money nobody invested in me but I full of
nobody invested in me but I full of
nobody invested in me but I full of confidence I saw the American Dreams at
confidence I saw the American Dreams at
confidence I saw the American Dreams at that time 1999 I walked on this high
that time 1999 I walked on this high
that time 1999 I walked on this high expressway every even in full of cars
expressway every even in full of cars
expressway every even in full of cars and in the parks of the other companies
and in the parks of the other companies
and in the parks of the other companies and Sunday weekends
and Sunday weekends
and Sunday weekends full of cars and people working day and
full of cars and people working day and
full of cars and people working day and night and now this is something I
night and now this is something I
night and now this is something I believe it’s going to happening in China
believe it’s going to happening in China
believe it’s going to happening in China without it getting any venture
without it getting any venture
without it getting any venture capitalist but I think I went back China
capitalist but I think I went back China
capitalist but I think I went back China which the American Dreams and we started
which the American Dreams and we started
which the American Dreams and we started the business there and after 12 years
the business there and after 12 years
the business there and after 12 years you know a lot of things happen we would
you know a lot of things happen we would
you know a lot of things happen we would build up the b2b and nobody believed the
build up the b2b and nobody believed the
build up the b2b and nobody believed the b2b would work because the b2b at that
b2b would work because the b2b at that
b2b would work because the b2b at that time was good but our rebar I don’t know
time was good but our rebar I don’t know
time was good but our rebar I don’t know stood there yeah arriba arriba calm
stood there yeah arriba arriba calm
stood there yeah arriba arriba calm broad vision and commerce one you know
broad vision and commerce one you know
broad vision and commerce one you know these very famous b2b companies people
these very famous b2b companies people
these very famous b2b companies people say how can you do b2b in China because
say how can you do b2b in China because
say how can you do b2b in China because the b2b in the USA they focus on big
the b2b in the USA they focus on big
the b2b in the USA they focus on big companies they focus on buyers and we
companies they focus on buyers and we
companies they focus on buyers and we believe there’s no big companies in
believe there’s no big companies in
believe there’s no big companies in China and I don’t see there are big
China and I don’t see there are big
China and I don’t see there are big companies in in a short term that with
companies in in a short term that with
companies in in a short term that with China we have a lot of become because
China we have a lot of become because
China we have a lot of become because big companies only SOE as Zoe they do
big companies only SOE as Zoe they do
big companies only SOE as Zoe they do not need ecommerce
not need ecommerce
not need ecommerce they need as government policy right so
they need as government policy right so
they need as government policy right so we focus a small business we because we
we focus a small business we because we
we focus a small business we because we believe China the small business the
believe China the small business the
believe China the small business the private sectors are the future so we
private sectors are the future so we
private sectors are the future so we focus on that and the b2b in the USA
focus on that and the b2b in the USA
focus on that and the b2b in the USA focus of buyers they want help buyers to
focus of buyers they want help buyers to
focus of buyers they want help buyers to save the cost the save the time we
save the cost the save the time we
save the cost the save the time we believe they’ll teach the SME don’t
believe they’ll teach the SME don’t
believe they’ll teach the SME don’t teach you the small business how to save
teach you the small business how to save
teach you the small business how to save the cost because they know much better
the cost because they know much better
the cost because they know much better than you do you should help them how to
than you do you should help them how to
than you do you should help them how to make money very difficult to do business
make money very difficult to do business
make money very difficult to do business at that time but after 12 years we got
at that time but after 12 years we got
at that time but after 12 years we got more than 58 million small business
more than 58 million small business
more than 58 million small business around the world using our services that
around the world using our services that
around the world using our services that that model is not very sexy compared to
that model is not very sexy compared to
that model is not very sexy compared to ten seven by do we do not make that much
ten seven by do we do not make that much
ten seven by do we do not make that much money
money
money like I like online gaming’s but we can
like I like online gaming’s but we can
like I like online gaming’s but we can sleep well in the evening because the
sleep well in the evening because the
sleep well in the evening because the money we make not online gaming’s the
money we make not online gaming’s the
money we make not online gaming’s the money we make there helping small
money we make there helping small
money we make there helping small business to survive to get business
business to survive to get business
business to survive to get business opportunities which I feel very proud of
opportunities which I feel very proud of
opportunities which I feel very proud of that
that
that today as always I never feel proud that
today as always I never feel proud that
today as always I never feel proud that how much money we make I feel proud how
how much money we make I feel proud how
how much money we make I feel proud how much impact we can help the others
much impact we can help the others
much impact we can help the others especially small business before the
especially small business before the
especially small business before the history of Internet no company can help
history of Internet no company can help
history of Internet no company can help over 50 million SMEs today we are trying
over 50 million SMEs today we are trying
over 50 million SMEs today we are trying and I feel proud of that this is the
and I feel proud of that this is the
and I feel proud of that this is the first company and people say Jack if you
first company and people say Jack if you
first company and people say Jack if you make Alibaba successful that means you
make Alibaba successful that means you
make Alibaba successful that means you you are pulling a million tons of ship
you are pulling a million tons of ship
you are pulling a million tons of ship on the top of the Himalaya and I say yes
on the top of the Himalaya and I say yes
on the top of the Himalaya and I say yes we will carry that thing down and we did
we will carry that thing down and we did
we will carry that thing down and we did the second company is called the Taobao
the second company is called the Taobao
the second company is called the Taobao and everybody say oh my god you’re
and everybody say oh my god you’re
and everybody say oh my god you’re competing with eBay I see why not China
competing with eBay I see why not China
competing with eBay I see why not China needs an e-commerce site and build up
needs an e-commerce site and build up
needs an e-commerce site and build up the China market takes efforts takes
the China market takes efforts takes
the China market takes efforts takes time and takes great effort you really
time and takes great effort you really
time and takes great effort you really want to build up something so at that
want to build up something so at that
want to build up something so at that time people say there’s no chance well
time people say there’s no chance well
time people say there’s no chance well how do you know there’s no
how do you know there’s no
how do you know there’s no so we tried and I said we if eBay are
so we tried and I said we if eBay are
so we tried and I said we if eBay are the sharks in the ocean we are the
the sharks in the ocean we are the
the sharks in the ocean we are the crocodiles in the Yangtze River never
crocodiles in the Yangtze River never
crocodiles in the Yangtze River never fight in the ocean let’s fight a Yangtze
fight in the ocean let’s fight a Yangtze
fight in the ocean let’s fight a Yangtze River
River
River it was difficult it’s a lot of fun and
it was difficult it’s a lot of fun and
it was difficult it’s a lot of fun and we survived they got a 90% market share
we survived they got a 90% market share
we survived they got a 90% market share at that time today for c2c Peters wife
at that time today for c2c Peters wife
at that time today for c2c Peters wife we’re like a 90% market share and lucky
we’re like a 90% market share and lucky
we’re like a 90% market share and lucky just lucky there a lot of things can be
just lucky there a lot of things can be
just lucky there a lot of things can be discussed in the future we made so many
discussed in the future we made so many
discussed in the future we made so many mistakes we were so stupid at that time
mistakes we were so stupid at that time
mistakes we were so stupid at that time so I think someday the book I personally
so I think someday the book I personally
so I think someday the book I personally really want to write about I such that
really want to write about I such that
really want to write about I such that there’s Alibaba 1001 mistakes these are
there’s Alibaba 1001 mistakes these are
there’s Alibaba 1001 mistakes these are the things these are the things people
the things these are the things people
the things these are the things people should remember people should learn if
should remember people should learn if
should remember people should learn if you want to learn how the people are the
you want to learn how the people are the
you want to learn how the people are the other people succeed there are a lot of
other people succeed there are a lot of
other people succeed there are a lot of lucky things right there but if you want
lucky things right there but if you want
lucky things right there but if you want to learn if you learn how people feel
to learn if you learn how people feel
to learn if you learn how people feel you will benefit a lot and I always like
you will benefit a lot and I always like
you will benefit a lot and I always like to read those books talking about how
to read those books talking about how
to read those books talking about how people feel because look if you look
people feel because look if you look
people feel because look if you look into it
into it
into it any company that feel the reasons why
any company that feel the reasons why
any company that feel the reasons why they feel almost the same and that
they feel almost the same and that
they feel almost the same and that really matters so table are sexy and
really matters so table are sexy and
really matters so table are sexy and then we have the alley play because
then we have the alley play because
then we have the alley play because everybody’s in China or no credit system
everybody’s in China or no credit system
everybody’s in China or no credit system banking is terrible logistics terrible
banking is terrible logistics terrible
banking is terrible logistics terrible and how can two e-commerce I think
and how can two e-commerce I think
and how can two e-commerce I think because China is not a good debt
because China is not a good debt
because China is not a good debt logistic not good a credit system not
logistic not good a credit system not
logistic not good a credit system not good at a banking system that’s why we
good at a banking system that’s why we
good at a banking system that’s why we need the Entrepreneurship that’s why we
need the Entrepreneurship that’s why we
need the Entrepreneurship that’s why we go we should go and a beaut the map so I
go we should go and a beaut the map so I
go we should go and a beaut the map so I believe there’s no you bid it up
believe there’s no you bid it up
believe there’s no you bid it up later.this become the standard of China
later.this become the standard of China
later.this become the standard of China and I believe China needs that six years
and I believe China needs that six years
and I believe China needs that six years ago I came to the states I told the USA
ago I came to the states I told the USA
ago I came to the states I told the USA all didn’t say I believe five years
all didn’t say I believe five years
all didn’t say I believe five years later China will have more Internet
later China will have more Internet
later China will have more Internet users than the USA people say no I say
users than the USA people say no I say
users than the USA people say no I say well you have only 300 minute population
well you have only 300 minute population
well you have only 300 minute population China one place 3 billion right
China one place 3 billion right
China one place 3 billion right for you guys to have 400 minute Internet
for you guys to have 400 minute Internet
for you guys to have 400 minute Internet users without anybody dying keep on
users without anybody dying keep on
users without anybody dying keep on having babies you take 15 years when
having babies you take 15 years when
having babies you take 15 years when you’re 5 years it’s just the tiniest
you’re 5 years it’s just the tiniest
you’re 5 years it’s just the tiniest Seuss right so let’s wait and see today
Seuss right so let’s wait and see today
Seuss right so let’s wait and see today with more users and today people say
with more users and today people say
with more users and today people say while you’re buying capability is low
while you’re buying capability is low
while you’re buying capability is low let’s see about 5 years later five years
let’s see about 5 years later five years
let’s see about 5 years later five years later today people bus only span of 200
later today people bus only span of 200
later today people bus only span of 200 MB per month five years later these guys
MB per month five years later these guys
MB per month five years later these guys will spend 2,000 and we have patience we
will spend 2,000 and we have patience we
will spend 2,000 and we have patience we are young you know I’m boat but my
are young you know I’m boat but my
are young you know I’m boat but my people only 26 average age they’re young
people only 26 average age they’re young
people only 26 average age they’re young that’s wait for the future so a leap a
that’s wait for the future so a leap a
that’s wait for the future so a leap a was just a very bad time people say it’s
was just a very bad time people say it’s
was just a very bad time people say it’s a stupid escrow services right john
a stupid escrow services right john
a stupid escrow services right john wants buy things from Steven John does
wants buy things from Steven John does
wants buy things from Steven John does no wonder why the money and Steve does
no wonder why the money and Steve does
no wonder why the money and Steve does not want to give the products so we open
not want to give the products so we open
not want to give the products so we open a can to say why the money to us if
a can to say why the money to us if
a can to say why the money to us if you’re happy with why the money not
you’re happy with why the money not
you’re happy with why the money not happy return products return the money
happy return products return the money
happy return products return the money people see how stupid the model is well
people see how stupid the model is well
people see how stupid the model is well we don’t care where the stupid are not
we don’t care where the stupid are not
we don’t care where the stupid are not stupid we care where the customer wanted
stupid we care where the customer wanted
stupid we care where the customer wanted or not rather really meet the need of
or not rather really meet the need of
or not rather really meet the need of the customers but after seven years we
the customers but after seven years we
the customers but after seven years we have more than six hundred million users
have more than six hundred million users
have more than six hundred million users register users in China using that so
register users in China using that so
register users in China using that so stupider things if you improve it every
stupider things if you improve it every
stupider things if you improve it every day it’s going to be very smart and we
day it’s going to be very smart and we
day it’s going to be very smart and we believe that so today it is good and
believe that so today it is good and
believe that so today it is good and it’s growing and it’s like PayPal but we
it’s growing and it’s like PayPal but we
it’s growing and it’s like PayPal but we have bigger than PayPal right now on
have bigger than PayPal right now on
have bigger than PayPal right now on transaction wise and the last and most
transaction wise and the last and most
transaction wise and the last and most important is ally cloud computing and
important is ally cloud computing and
important is ally cloud computing and not like the other companies stays talk
not like the other companies stays talk
not like the other companies stays talk about a leak they talk about cloud
about a leak they talk about cloud
about a leak they talk about cloud computing they want to sell you the
computing they want to sell you the
computing they want to sell you the hardware software’s we have nothing to
hardware software’s we have nothing to
hardware software’s we have nothing to sell you we just want computing our own
sell you we just want computing our own
sell you we just want computing our own data’s because the data we have from the
data’s because the data we have from the
data’s because the data we have from the SM is because the data so we have the
SM is because the data so we have the
SM is because the data so we have the consumers from Taobao data
consumers from Taobao data
consumers from Taobao data I’ll pay so we want we believe in the
I’ll pay so we want we believe in the
I’ll pay so we want we believe in the future the world is going to be the data
future the world is going to be the data
future the world is going to be the data processing world how we can share the
processing world how we can share the
processing world how we can share the data with the others you know you know
data with the others you know you know
data with the others you know you know in a great way right so that’s the thing
in a great way right so that’s the thing
in a great way right so that’s the thing that’s the business about it’s not that
that’s the business about it’s not that
that’s the business about it’s not that good yet but it is very profitable the
good yet but it is very profitable the
good yet but it is very profitable the whole company looks healthy so we are
whole company looks healthy so we are
whole company looks healthy so we are very preciate we are at the company from
very preciate we are at the company from
very preciate we are at the company from text we always ask our own question why
text we always ask our own question why
text we always ask our own question why we still working so hard I talked to my
we still working so hard I talked to my
we still working so hard I talked to my colleague one day and he said Jack I
colleague one day and he said Jack I
colleague one day and he said Jack I never know that in my life I can do that
never know that in my life I can do that
never know that in my life I can do that much second I never know that the things
much second I never know that the things
much second I never know that the things I’m doing at that meaningful to the
I’m doing at that meaningful to the
I’m doing at that meaningful to the society and third I never know that life
society and third I never know that life
society and third I never know that life is dance at heart we work day and night
is dance at heart we work day and night
is dance at heart we work day and night even now we work day and night
even now we work day and night
even now we work day and night I guess so thinner and stretching
I guess so thinner and stretching
I guess so thinner and stretching understand life is not easy with you
understand life is not easy with you
understand life is not easy with you proud because we are changing China it’s
proud because we are changing China it’s
proud because we are changing China it’s not how much money you make when you see
not how much money you make when you see
not how much money you make when you see I think 7 K years ago when I walk on the
I think 7 K years ago when I walk on the
I think 7 K years ago when I walk on the street people thank me because my
street people thank me because my
street people thank me because my Alibaba b2b helped them to get orders
Alibaba b2b helped them to get orders
Alibaba b2b helped them to get orders across the ocean today when I walk on
across the ocean today when I walk on
across the ocean today when I walk on the street the young people say Jack
the street the young people say Jack
the street the young people say Jack thank you very much I hope my wife and I
thank you very much I hope my wife and I
thank you very much I hope my wife and I open a small shop on top we make we made
open a small shop on top we make we made
open a small shop on top we make we made a surviving we had a great in common you
a surviving we had a great in common you
a surviving we had a great in common you know
know
know this is meaningful thing today if you
this is meaningful thing today if you
this is meaningful thing today if you have a good red coat I’m terrible
have a good red coat I’m terrible
have a good red coat I’m terrible you get rich because people do business
you get rich because people do business
you get rich because people do business with those people with good rap record
with those people with good rap record
with those people with good rap record we’re teaching consumers to smart people
we’re teaching consumers to smart people
we’re teaching consumers to smart people say Jack I bought something so cheap I’m
say Jack I bought something so cheap I’m
say Jack I bought something so cheap I’m terrible is that a fake product we spend
terrible is that a fake product we spend
terrible is that a fake product we spend most of the efforts in China 50% of the
most of the efforts in China 50% of the
most of the efforts in China 50% of the people in Taobao they’re focusing on
people in Taobao they’re focusing on
people in Taobao they’re focusing on checking the intellectual property
checking the intellectual property
checking the intellectual property issues but there’s a
issues but there’s a
issues but there’s a bought of wine the cost is only nine
bought of wine the cost is only nine
bought of wine the cost is only nine dollars but people buy on the street is
dollars but people buy on the street is
dollars but people buy on the street is $300 why is that the channels the
$300 why is that the channels the
$300 why is that the channels the advertisement the TV shows why consumers
advertisement the TV shows why consumers
advertisement the TV shows why consumers should pay that much so we cut that and
should pay that much so we cut that and
should pay that much so we cut that and we make things changing so tell the
we make things changing so tell the
we make things changing so tell the consumers say this t-shirt you buy on
consumers say this t-shirt you buy on
consumers say this t-shirt you buy on top ah maybe 30
top ah maybe 30
top ah maybe 30 Oh $15 you’re buying a shop $150 not
Oh $15 you’re buying a shop $150 not
Oh $15 you’re buying a shop $150 not because top are selling cheaper because
because top are selling cheaper because
because top are selling cheaper because that shop sell too expensive we should
that shop sell too expensive we should
that shop sell too expensive we should teach the consumers to be smart after 12
teach the consumers to be smart after 12
teach the consumers to be smart after 12 years jumping around I find that making
years jumping around I find that making
years jumping around I find that making money is very simple but making
money is very simple but making
money is very simple but making sustainable money and responsible to the
sustainable money and responsible to the
sustainable money and responsible to the society improve the world meanwhile make
society improve the world meanwhile make
society improve the world meanwhile make him a lot of money is very difficult and
him a lot of money is very difficult and
him a lot of money is very difficult and this is what we are trying three years
this is what we are trying three years
this is what we are trying three years later I’m preparing for that and I say
later I’m preparing for that and I say
later I’m preparing for that and I say challenge is a challenge young guys
challenge is a challenge young guys
challenge is a challenge young guys let’s create a good model for that you
let’s create a good model for that you
let’s create a good model for that you go there create value for local people
go there create value for local people
go there create value for local people have time they will have chance because
have time they will have chance because
have time they will have chance because we met we tore ourself global vision
we met we tore ourself global vision
we met we tore ourself global vision local wing no matter how wonderful you
local wing no matter how wonderful you
local wing no matter how wonderful you think step on the ground and do the
think step on the ground and do the
think step on the ground and do the things every day
”
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