Interview With Ma: Ali Does Not Follow The Imperial Mode.

Q: what are the principles and directions and advantages of Alibaba internationalization?

Ma Yun: we must promote the development of the ecosystem around the world by small and medium-sized enterprises.

We will continue to unswervingly follow the path of SMEs and continue to help consumers unswervingly.

If we deviate from this direction, Ali will be finished.

If we cooperate with our big customers, our aim is to get their money to help small businesses.

Globalization of Alibaba does not have much advantage because our road is just beginning.

Globalization does not mean simply building a factory abroad. It is the boss of the soil.

The core idea of globalization is to create value for other countries and small and medium enterprises in order to change and help others in a globalized value system.

This is globalization.

We don't have a single person in Russia, but it is Russia's largest e-commerce website, and so is in Brazil.

You change and help others. That's the real globalization.

We have never thought of entering a country as the eldest brother to hold others, and I have only 7% holdings in Ali.

You can't control a company by shares. It's imperial thinking.

Ali's road to globalization must stick to its courage, vision, mission and values.

Q: in the face of shareholders' expectations, how will Ali continue to grow in the future?

Ma Yun: we want long-term strategic investors, and we will always look for long-term investors.

They will pay attention to the development of Ali in the next three, five and ten years.

They are not too concerned about today's share price inflation.

In their minds, they should be happy to see the share price slide, because there is another opportunity.

What we say to investors is that you are willing to play with us for five or ten years. Welcome to join us.

If you only value the next quarter, I'm sorry, you are not our partner.

Ali is from China, not an American company like Amazon, so our stock is sold to institutions more and can not be retail investors.

We are not selling yesterday's performance to sell stocks, but that is proof of the past.

Moreover, an enterprise does not depend on how big the stock price is, but how healthy and durable it develops.

A business must have a future philosophy.

Today, the whole world is looking at Ali. We are talking about what we should do.

That year

Hongkong listed, I sold HK $13.5, in fact, even if the price of more than 20 is no problem, but I think we were worth that price.

Then the price went to more than 40 yuan, the market went crazy, and then prices fell, and they complained.

In the process of privatization of Ali B2B, we also communicated with shareholders. Some shareholders are supporting us this time.

I remember a small investor telling us, "I buy this stock to make a dowry for my daughter. I will forget this stock."

I was very moved and stressed when I heard this.

But we can't do anything now. If we only care about the next fiscal year next year, that's not true. Ali promises ten years is ten years.

Q: what is the strategy of Alibaba's future M & A?

Ma Yun: the Alibaba board of directors has strict standards about mergers and acquisitions. I only value whether our mission coincides with the development of small businesses, consumers and future Chinese industries, such as health.

Before we buy, we will have professionals to do due diligence, and after buying, there are professionals to integrate.

My duty is to determine whether this acquisition is consistent with our mission.

We can not afford to be unaccountable.

Instead of buying our empire, we buy companies for the ecosystem.

If we want to invest in those companies on Ali platform, we can make a huge profit, but this is a mess.

We invest in you not because you can make money, but because you can help others earn money in the future.

People outside do not understand our investment, but they did not understand Ali in the first ten years.

Q: what is the inspiration of Ali's successful listing in the us to Chinese enterprises in the future?

Ali: it is not representative of Chinese enterprises to come to the market today, but it represents China's economic growth, huge market and innovation ability.

Ali's success is an individual case, but our duty is to help others to improve this personal case.

Others say Ali has many government relations behind him, but what are the advantages of Ali and senior officials? What are we going to do? Are we going to take it, or is it a bank loan, or a tax concession, or a government subsidy? We don't want anything.

Ali did not find the bank and the government to spend a penny, did not find the government to land, did not want to get a tax preference.

We have no motive and never want to rely on corruption and bribery.

Ali did not come out of a relationship.

Anyone in Ali dare to do so, I will expel him right away.

Don't talk about the government. If Ali has any economic bribe between anyone and enterprises, I want to cook him.

We hate injustice, and we will never do so.

We just want to prove that if Ali can succeed, 80% of the people will be successful. As long as you work hard, study hard and learn, you are willing to change yourself and think for others.

Ali is only a pioneer in China. We can go to the present in fifteen years, which proves this value.

There are also garbage companies in the United States, and there are good enterprises in China.

We only said that in the twenty-first Century Internet era in China, everyone had the opportunity.

Whether we can continue to grow continuously is not overvaluation. This is a challenge.

No one can promise to succeed.

Ten years ago, Microsoft, who heard all the names, felt like a proverb, but now they have their own problems.

IBM is also true.

No one can be successful, but you must have the concept of your own efforts to attract young people. We must be able to afford the responsibility and resources and talents we have on hand.

Luck is not something we can control. We have been very lucky in the past fifteen years, so we can only rely on greater efforts in the future.

Success is indeed fortunate, but we must be humble and have a sense of crisis for the future.

It is not worrying that there will be no opportunity in the future, but worrying about whether we can achieve everyone's expectations and fulfill our commitments to everyone.

We are full of awe.