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.
The most valuable assets of a 20th-century company were its production equipment. The most valuable assets of a 21st-century institution, whether business or nonbusiness, will be its knowledge, workers, and their productivity.
Each individual should work for himself. People will not sacrifice themselves for the company. They come to work at the company to enjoy themselves.
We are not influenced by the techniques or fashions of any other company.
Simply put: we don't build services to make money; we make money to build better services.
Consistent alignment of capabilities and internal processes with the customer value proposition is the core of any strategy execution.
The best client is a scared millionaire.
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