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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.
Jack Ma
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"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."
— Jack Ma #moneywealth

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I call Alibaba '1,001 mistakes.' We expanded too fast, and then in the dot-com bubble, we had…

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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. — Jack Ma

About Jack Ma

Jack Ma was a Businessman from People's Republic of China (1964–present).

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Frequently Asked Questions

Who said "I call Alibaba '1,001 mistakes.' We expanded too fast, and then in the dot-com…"?
This quote is attributed to Jack Ma, a Businessman from People's Republic of China.
When did Jack Ma live?
Jack Ma lived from 1964 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.