Showing 10 of 15781 quotes
We are going as fast as we can as soon as we can. We're in a race against time, until we run out of money. ”
Old habits die hard. I don't like spending money willy-nilly. ”
The competition between me and Bill Gates, probably: Who can spend money more effectively that can do better philanthropy. ”
Year 2008 wiped out $19.2 trillion in US income... What if the money was spent on the Midwest of the United States? ”
IBM, Microsoft, the profit they made was larger than the top four banks in China put together... But where did the money go? ”
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. ”
Spending money is much more difficult than making money. ”
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.' ”
On privacy issues, it's just like hundreds of years ago when people said, 'I would rather put my money under my pillow than in a bank.' But today, banks know how to protect money much better than you do. Today, we may not have the answers to privacy issues, but I believe our young people will come up with the solutions. ”
Today the financial market is no good, but the money is there. ”