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Saturday, June 13, 2015

Jack Ma : Alibaba Allowed Users to Make Money Before He did

Jack Ma interviewed by Charlie Rose.

First break was when he discovered that China was not on the Internet.

Did project for government without charges.

If everybody agrees with your idea, you no have chance, someone else would have done it already.

Doubted initially that it would survive for first 5 years - for first 3 years, made zero revenue.

If you continue to work hard, there is going to be possibilities.

Volume game - tiny transaction and advertising fees generated out of large volume of transaction result in huge revenue for Alibaba - i.e currently having more than 10 millions advertisement publishers.

When you have 1 billion dollar, that is not your money, it is the money entrusted to you to do good for the society, world and humanity.

One day he hopes to go back to teach.



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