Helping doing business easier, we choose the name Alibaba because it is a global company. It is founded in China, but it was created for the world.
Interpretation
Jack Ma explains the choice of the name Alibaba for his global business venture, emphasizing its worldwide reach and origins in China.
In this quote, Jack Ma elaborates on the significance of the name 'Alibaba' as it reflects the company's ambition to make business more accessible on a global scale. By choosing a name that resonates universally, he highlights the company's originating from China while aiming to serve customers around the world, thus embodying the spirit of globalization and innovation.
In practice
Using this quote at a business conference to inspire entrepreneurs about globalization.
Hong Kong people say Hong Kong needs to preserve its uniqueness. I say Hong Kong's uniqueness is in its diversity, its tolerance of difference cultures... China does not want to see Hong Kong in decline. I have full confidence in its future.
If we are a good team and know what we want to do, one of us can defeat tons of them.
It's not that other countries steal jobs from you guys. It's your strategy. Distribute the money and things in a proper way.
In the beginning I just wanted to survive. For the first three years, we made zero revenue. I remember many times when I was trying to pay up, the restaurant owner would say, 'Your bill was paid.' And there would be a note saying, 'Mr. Ma, I'm your customer on the Alibaba platform. I made a lot of money, and I know you don't, so I paid the bill.'
Even if your competitor is still small in size or weak, you should take him seriously and treat him as a giant. Likewise, even if your competitor is massive in size, you shouldn't regard yourself as a weakling.
A leader should have higher endurance and ability to accept and embrace failure.
Treat your customers like they own you. Because they do.
As long as you keep doing the right thing and have the best product, you can beat the bigger company.
Why should a manufacturer bet his money, perhaps the future of his company, on your instinct?
Few relationships are as critical to the business enterprise as the relationship to the government. Managers have responsibility for this relationship as part of their responsibility to the enterprise itself. It is an area of social impact of the business. To a large extent the relationship to government results from what businesses do or fail to do.
Greatest risk is not development of new product, but development of customers and markets
Competition should not be for a share of the market-but to expand the market.
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