Tuesday, November 14, 2023

Jack Ma Quotes (Founder of Alibaba)

Never give up. Today is hard, tomorrow will be worse, but the day after tomorrow will be sunshine.

Spending money is much more difficult than making money.

You should learn from your competitor, but never copy. Copy and you die.

We should keep on going along the path of globalization. Globalization is good... when trade stops, war comes.

The very important thing you should have is patience.

I call Alibaba '1,001 mistakes.' We expanded too fast, and then in the dot-com bubble, we had to have layoffs. By 2002, we had only enough cash to survive for 18 months. We had a lot of free members using our site, and we didn't know how we'd make money. So we developed a product for China exporters to meet U.S. buyers online. This model saved us.

Help young people. Help small guys. Because small guys will be big. Young people will have the seeds you bury in their minds, and when they grow up, they will change the world.


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