本字幕由QQ音乐独家AI字幕技术生成
Ah my great honor and I was invited to Yahoo bought only by any question I will answer every question re sou r and I plan to spend one year here
Ah just people ask why you are here are you ready for you know everybody here and I just come here I m tired
To tie in the past or sixteen years I start my business about 的
And we put up a Ali BABA we are lucky enough To Be Chao we have to Ali pay we have only cloud computing and for many things are after twelve years I c I need some time to rest especially these year
搜difficult for me I dont expect ion to prepare for twelve year was the in China court 本命年
Dis is our twelve year for Ali BABA
Wherever 的Ali ty how are separated for par to sew many think that really make me feel type
And I said well why not give up when you because next year is my personal
本命年
The top and difficult I believe next year is gonna be tough er and more and more compact size I got ready for them
And I ne think I need a rest so in order to foreign other three four years here is not my job is something wrong critic ise the President of pa pap c of Alibaba and Ali p f ore three years three years or something wrong my fault 搜I come here
And I will spend most of time in the states and n sync ing relaxing and yes the two days ago I picked up my girlfriend here and just relax nothing the things people think about so we are very lucky company
And there is no chance that we survive
A I dont have any sofa background rich fathers strong Co so and nineteen ninety nine I came to silicon valley
Looking for a venture capital I talk a lot of match a cap ul a stand I remember a few days that I drive by by a man man lo park our our rejected by I talk
I I went back to China with nothing no money nobody investing me but I full of confidence I saw the American dreams
At that time nineteen ninety nine I work on a hike the press would no doubt I express we every evening full of cars and in de parts of d the companies and sound a weekend full of cars and people working day and night I know there is something I believe is gonna happen but I think I went back China America
And we started a business there and after twelve years you know a lot of things happen we put up To Bea toby nobody believed To Be To Be worthy To Be To Be at that time was good but I river I wanna steal their
Everybody everybody I Kan fishing in commerce one and these a very famous big companies people see how can you tobe in China
Because 的To B d USA to focus on big companies do focus on by or
And we believe there is no big companies in China
And I dont see there are big companies in in a short time that China will have a lot of become big companies only so so we do not need e commerce
Day need a government policy right 搜
A focus on small business because we believe China the small business the private sector s ard a future you focus on that
And b To B d u s a focus of buyers do you want help
The buyers to save the cost to save time we believe the cost because de no much better than you do you should help them Hao to make money
搜
A focus on helping small business we focus on helping them to make money the cells in the broad very difficult to do business at that time after twelve years we got more than fifty eight minutes small business around the world using our services that model is not very sexy compared to tens n bi do we do not make that much money like all like online games that we can sleep well in the evening the money we may not online games the many may help the small business to survive To Get business opportunities which I feel very proud of
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Today s always I never feel proud how much money we may impact we can help d other suspect a small business Ford a history s m es today we are trying and part of that this is the first company and
People say Jack if you make all Li be successful that means you you are pulling a minute I say yes we will carry that thing down
Are we good
Everybody c oh my god are competing with ebay
我是Y 2
China needs and e commerce sites
And root of the China market
Takes effort takes time
If you really want so that time people c there s no chance well if you never try to notice no chance I I and I said he d even our be shocked to never fight in d ocean the yellow river
It is difficult a lot of fun
Ah we survive
De ga to ninety percent market or at that time today for c to c p s one would like ninety percent market share and lucky just lucky a lot of things can be discussed in the future today people always right about a successful stories about Alibaba
哎
那
And I really dont think were so smart
We made so many mistakes
Were so stupid so I think sunday the book I personally really want to write about s I 阿里巴巴I remember
If you wanna learn how do people d other people succeed is very difficult
A lot of lucky things that you want to learn if you learn how people feel you will benefit a lot and I always like to read those books talking about how people feel
Le Le into it ne comma the reasons why d fill almost c
搜淘宝sixty and the only pay because every birthday China or no credit system banking is terrible a just is terrible and how I can do e commerce
I think because China is not a good 的logistic na GE credit system banking system thats why we need that s why we go we should go w to map
So I believe it there is no you build it up later does become the stand of China
And I believe China need that
I told you s a n c I believe five years later China will have more you know I think well you have only three hundred million population China right for you guys to four hundred
Million Internet users without anybody die keep on happy babies to take fifty years the right way to see the day with more uses
And today people say while your bank ability slow at c by five years later
Five years later today people but only spend two hundred r m b per day come out five years later these guys will spend two thousand
And we have patience we are yung you know I m boat that my people only twenty six average there yung is wait for that each er sew or Li Pei
It s just like a very
That time people say it is a stupid s core services right John John if you happy happy return products model is well
We dont care care where the custom wanted na weather really need a need a customer
It is stupid but after seven years we have more than six hundred million users registered users in China using them so stupid thing if you improve that every day is gonna be very smart
And we believe that today it is good and is growing and
Its like a paper that we are bigger than paper right now and important is only cloud computing and not like other companies to talk about all the data talk about cloud computing d want to sell you 的hardware software is we have nothing to sell you we just want
Computer our own data because the data from d SM es because the consumers from Taobao data 啊
呸
In a great way re sou to think that the business about a it snap them that
A good year it is very possible the whole company looks healthy so we are we are a company from thanks there is no chance we can win now we survive I think
We always ask our own question why we still working so hard I talked to my colleague and a in these a Jack
I never know that in my life
I can though that much
Second I never know that things I m doing that meaning for to the society
And for I never know that life is than that har
We work day and night even now
Work day and night I get so fin er in the e z
With you proud because we are changing China
Its not how much money you make when you c I think the ten years ago when I walk on the street people second my Alibaba 的to help him To Get orders cross the ocean today when I walk industry the young people say Jack thank you very much I open my wife and I opened a small shop on top we may we may the surviving we are a great in common
No is meaningful thing we make the credit means money
Years ago if you have a great record or credit trust each day you feel good that code you get rich because people do business well those people report a jacket I bought some sou cheap and our products
Yes we do
Fake products everywhere but we spend most of the efforts in China
Sixty percent of the people on top of the focus in on checking d intellectual property
The bottle of wine the cost is only nine dollars the people by industry
Is three hundred dollars why that the channels the advertisement the TV shows
Why consumers should pay that much so we put that
And we make things change so tell that consumers c teacher you by on top maybe thirty fifty dollars you by and a shop ah hundred fifty dollars not because top style and cheaper because that shop sells a consumer To Be smart
And third very important
I saw so many factors in China especially cant do that our company
The even a factory day just a o e m s l think I dont know who are selling for them and they dont know who are the customers so anything come they are in trouble so we should tell them and you have to contact the consumers yourself yet to sell yourself to serve your self den Dis is a real business or otherwise it just a workshop
I will change that and I que prop
And we are its not our money
We believe when you have one minute m bi or one million years are you rich man when you hat ne u s dollars you are in trouble you were trouble when you have one billion thats not your money
The society the trust
The share holder the people believe you can spend these money you can spend money Hao can you Li Hao can you you know keep Dis trust well
And I think we are facing this challenge
And a part for everybody in other people the people the employees Li ka Li the average age of the company
Is twenty six years ago I will face to so many challenges sight
I never realize that
One of the key government offices offer and other countries visited Mr Jack oh my god you have three hundred million users is difficult any policy making
We get in a big trouble because people c rises pretty good some people complain its just like a government policy making and those people who are making policies their average age twenty six
We have never met this kind of thing if we change you know like the the changing
The hoop a star or who looks on atop we believe we should put the trust record the credit record on that and then we put a lot of people c well I m a straight
To hundred people last year the company that c you changed a policy you got up a little
Birthday it is right lets do it
And the wall or changing and now we need your program manager what we need is social Allah just the economist the principal policy challenge challenge you proud because I dont leave in a twenty first century if you want To Be a successful company
You have to learn
Hao to solve a problem of the society instead of opportunity and I m not reading I think today after after twelve years jumping around I find a making money is very simple
But making sustainable money and responsible to the society improved a wall mean while making a lot of money is very difficult
And is that we are trying and we think China because of Internet is improving
And three years later
I m preparing for that
Today people c I
China stock Internet starts going down because of the e na I think look at the u s economy
The face a big challenges Europe will know where
China anything that happens in the USA is gonna happen in China three years later
China is gonna face a big challenge of three four years later if you know something is coming
Get ready for instance screaming now in stock company
And the Internet companies we have to take responsibility and my job
I m not politician I m not speak for government I speak for myself for our business stick for my customer
Sixty million s to me
And eight million pop up our sellers Hao de should survive three years later this is something I want to come here how Obama c m he did that any mistake we should learn from it and three years later he stop in our way this is why I m here
So I think you all have a lot of questions I m ready for your own questions and be honest I you gonna buy Yahoo
Yes we are very interested in that we are very interested in 雅虎
Our group is so important to 雅虎雅虎access or so
Very very important to us the Internet uses and to the industry so we are interesting and also called a piece and all that serious virus
De d m u make the initial by ing them I just show that we are very interested
下次再见啊
啊啊啊
Ve mode ask Jack and the questions and o k seriously a s a question that I know that the government has adopted 的a national security review system against the m ne moves and apply of their PR c company by the foreign er foreign companies so my question is how do you view d impact a of the sport an Li bi Li p se government and specifically speaking that s gonna ad ver si Li impact
Ford in the p s a company goes off I d OK sorry I answered this question in Chinese which will be more specific ne English translation probably of people can help the sew many talk people talk about e VI I got confused I spent a lot of time these days understand what the hell is that
OK English right I just described the English
First
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VIA
It is a great innovation
And I believe it is a great innovation ten years ago
Seen a model is a great help China
Grow on the Internet and all d other high Tech industries which we Ali BABA also benefit a lot
And I dont see d government
Is going to take that thing down
I never feel that and I dont know why people worry so much about that
Bye
Some sensitive areas
Some industry some sector like finance
Like I dont know what else these sings the government have concerns
About VI structure
Which I understand
We should support for example
If anybody want To Get a banking license in China like twenty twenty five percent foreign capital on if you cross that any nation against
O v I I cannot see any government c well I m gonna shot that thing thou were about
I read an r 小冈村
小刚村的改革是非常好
说小刚村的改革没没有十一届三中全会的肯定
小刚村的人到今天还活着
痛苦之中还在阴暗之中
We got made s ve really legal transparent
Does the power of Internet
Making sure if it is good after ten years testing it is good why not open if any tiny
Sensitive area it should not comfortable China discuss about that
搜I I dont know people c or something wrong with de Ali pay off
I mon er
Because of that we open VIP tel de truth 问
Government p p o c 人民银行说
Hat do you Ali p so foreign capital I have to tell the truth I si
Do you agree on a c do you have foreign capital I c no but I have
S one work because we are getting bigger
Right
Just like today if I come to c I wanna buy I wanna buy 的
Paper do you think the u s does not at any proof
O there were even the yellow right
So we have To Be there
Its not bad big issue it just it just faces open it and I dont see d government is gonna shut down
Alright I hope I like the question
I believe you went through a lot of difficulties in the past ten years you one day were read book sou my question would you like to share just one thing with us first
And you would do differently ah you know or something one thing okay okay alright thank you Michelle Michelle Chen thank you we are we know
Ten years a yes we go through a lot of
F re er today when something is smooth I just to feel uncomfortable
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Thats true
Ah in d u s a quarter very paranoid m m that de mistakes we made a lot for Yahoo China
I think we a ku I he China
If if people ask me where that we will do it again
Yes I will the weather we will do it in Dis way no I want
Woodrow smart way because we had no any experience of a position especially our quiet
An Internet company
We made a lot of mistakes that and that helped us today
Sou ve you asked me by which I m interested yes of course I think we are probably one of Li very few companies really understand the Hu u s very well because of
And people say well Yahoo China is terrible how could use to talk about that
Terrible running its not terrible running
We solve problems for years ago
So we cut e he China
If we do not we would a la er today
走
We would share these mistakes
How we acquire how we treat 的culture think five people we should find some people are Li we should keep some people I believe any companies in the future
And I think today I m not talking about who you said we think about Internet companies in the USA and China should learn from Yahoo
Hi Jack and add three quick questions the first is an Tao has been incredibly successful how do you manage and prevent it from being a victim of its own success had a number you know even itself s tag nate large second is given to competitive landscape for companies like three sixty by will you be forced to do more and will just inside take title will be forced to the force To Build a l just exchange title and therefore that change or model and last is I brought a lot of sings about your kind of went on without a b ish in here if you could do it over again
OK the first 逃包
Yes papa grows so fast and will grow even faster in the future
Big challenges we have never run such a huge
Company and I I dont believe the Internet and or the empire thinking
I hate the empire empire I think it is join me or I kill you
And I dont like a model
I believe the ecosystem m m go on the board members believe that everybody should be connected 搜淘宝搜B 搜Fast and I worry about I should give in d industry some opportunity to compete or some opportunities so in june we separated couple into four past
He got people talk to Mr Jack you been there for nine years its very difficult to compete with you because you already said the p OK I make it smaller you pen
If I were put under three pieces each making sure we run big company small company giving d people the the yung people opportunities
To run a business because their business 淘宝
Like a face book
Like a Google ly Kan said they are not Chinese companies they do not belong China they do not belong belong does time
You have to use a different way to run does somebody honestly c is de best method ah what is the best
Net to thinking to run that company I dont know we are testing and we are ready to make mistakes 搜
We believe the ecosystem we do not believe d m pi thinking so thats why we are testing every week the second question is leaving the competition
啊double trouble
I I dont feel anything wrong with top a mother we are we are growing we are we we can make money very easily and we can get support more people 搜
I dont know we should change our model and I den by his tor ia by sings and selling online is really good model or the Internet and I dont like that and logistics INC
I tell you last year
The total China tax to live on the street is two point one billion packages deliver 超薄created nearly one point one billion
And Dis year will probably create the Bill
Packages delivered a stream
That we do not want have our own logistic system
China probably need ten million people Li Hao can we run a company who ten million employees
Twenty thousand people today we have twenty three thousand people are crazy nobody can do that so we should support logistic companies to serve well
To deliver well
That s what you wanna do never ever so we have the money will the influence which the order how we can improve the society
Answer that many times but I can answer you again
VR
Good friends share good partner
And I understand it begins to Jack l Hao could you
三
Even today de VI stu por about that I got clear
The message is a yes I know
在投单
I think today there happy now I m not happy because I m getting such a big burden for Ali Ali To Grow very fast but its not a big nice model yet
You cannot make money out of
But we are supposed to pay that much money again to the company
S a challenge the challenge you guys lets create a good model for that
So I think its a very healthy discussion between Jerry 嘛
撒unfortunately the rule was out I moved the company out with other board meeting without notice
I tell that tu
I know
And we discussed To Get
And today the problems solved
The happy
I m half bird
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但it challenge
I shall I place a lot of up to you know
他
Face this is one of that I think I have to face
It is easy for the other guys why you should do does you when you know if I 的佩戴
淘宝代
If top by eight million power cell is in trouble
And I cannot do that
HA
Do not follow China law I will drink coffee in Beijing every week
Everybody drinking coffee in trouble be transfer today twenty first century everything should be transparent
Otherwise why we should work so hard
S o m telling I think there is no other way is a reality
Thanks thanks very much for wonderful speech my question is how about evaluate international collaboration in technology he says he Taobao now is still not open API for foreign countries I mean on Chinese countries so that means non Chinese country is not able to announce their products with na Taobao platform I wanna hear your thanks okay I love To Be loved to open the APP in on Chinese
Unfortunately it is about the payment
Very difficult
I I have you know when I travel around I soso many overseas Chinese c c or top of the wonderful care by things outside China sell a thing and a lot of foreign
We are tired of our best and
China
It s not belong to China it comes from China belongs to avoid this generation is make sure in the future you can help more people because I think really cool on Taobao
High Jack my question is kind of similar with her a ut ono my want to rise the chief and thank you talk about a improve my life OK 搜呃
My questions that you have said that there is no difficult disease in the world but the truth is for a lot of foreign company is really
Cult to do business in China and we have a lot of clients they want Togo China and luckily
淘宝呃
Ali group can provide a whole solution for them acted from de tai China my lip a from everything that it hard for them to know there there is a choice and it hard for them to kind of cross the policy part of gun parts o wes you 嗯
Do you have any plan to help those foreign companies because Chinese steel has a need for the foreign products
OK thank you very much I think doing business is difficult to anywhere in the world
Foreign companies go to China found problems and I think and I believe Chinese company come to you face a big problem I dont see any very successful Chinese
In USA I mean although we come here in the USA is there any famous Chinese companies that come to u s s a that is very good or I know I know for
Do you call that successful 哦
My my eyes that in China we do have some successful foreign companies right Microsoft is not bad idea is not bad and we have a r UK a lot of great companies and foreign company China very successful guys going anywhere
Doing business takes time
I think my friend Carol you asked me about question in Du Li conference
啊
No mark it well comes campus
高哥
Create value for local people have times you will have chance
So I believe that doing business today in every one world is difficult China my wife 哦
Na u s a b the wall my everything is how can you have a small business
哇哦
Easy for small business to do so there is a professor sit in X s we should have a big debate which country is easy to do business USA or China
And I think
China today if you still think that we should followed a government 关系
呃
Past twelve years every time I speak to China if you need somebody the only 关系的关系With the customer
If the customer love you the government would definitely love you
Trust me de ne that X
Needed jobs you wanna pick around you
因为你全部
搜I dont I dont believe that just my relationship with government so I love every time to come o k one s community To Business sorry
My friend does business was gonna not make
In this way you get respect from them
He la na 干部的关系
So I give you to advise its always
Here looking faraway oh my god that is difficult place
Go there cat
Jumping to you never learn swim until you are in the water
Fat cat people ask me why China has no snow Apple
U s a have capital ISM for more than two hundred years right
That thick fertilizer
People need I ro Di ro 的fertilizer China only thirty years
After
Reform 邓小平thirty years have a company like attention by to Ali BABA s in on bad wait for an other six thirty years we will have them
And that is not China belongs to war because it belongs to the Internet time yung people who were born in nineteen ninety and nineteen eighty nine you choose and these are people going to change the world and a special most of the students here
And a r d feature I agree that
Thank you thank you
阿里巴巴has the more powers to have globalization what is your future plan for the global and growing strategy and the
来给你把菜OK thank you yeah um he he ure right
When we have money we start to make mistakes when we have money we have a beautiful office the happy people with a high p d VP of mountain national competition I will we have a little money only a five minute
Jesus and n
We said let back To Basic be to see back to China
I know we call that time called 的to c to China back To Base and back To Base right back to central China the cost of global vision local when
No matter how wonderful you think you have stepped on the ground and do to think that ah to work everyday 搜
So many years past twelve years passed
We still believe global vision local when
三
We started
It s to Japan it s to the Indian it s to European and it s also possible we will never shut down d u s office
I m now coming out for one year I want to learn one thing
And I want to ask this thing to everyone here sure
Fortune five hundred CEO the world we all believe China the big interesting market but nobody really give up and come to China
The spend one year there
Just if you really want to know China you gotta spend sometime
And me too and I ask you s a European is a big market for us and I just wanna put down everything spend time in u s for one year get feeling how we can help to u s a m e ha we can help d u s a difference we can do between Amazon ebay and the real value can create when you think about that clearly I start to do it
We cannot we never should finish a twenty year program in two years
Life
Is shot the life is long you cannot say I want to finish that in two years we have time
And r old times to n our time goes To Bring out of China were asked
Valley were really can bring to local people
And we have already more than fifty million small business outside China using our services and we do not charge
And freedom free is always the best
我
我是渣男
Thank you thank you
欢迎你来这
呃
我欢迎你来美国
希望你可以在这里好好休息
不一定确定一下子吧
嗯
I I I hope he can have a good rest well here so my question for you s what you think is de biggest misunderstanding that America has about China and converse Li what you think is them is the biggest misunderstanding that China has about America
Honestly
I dont know that question I think there are a lot of misunderstanding
I was thinking about two days ago writing something on my way Bo
Everybody believed that I know that well I know China can see a completely inside out
Know you dont know 毛泽东对na no nobody know China
My c I know you s inside I know you dont know Obama s na pen u s out
Its very difficult to know Li er side but you know yourself what you need
What do you want what will you give up
If I know myself better
I can change myself to meet the outside
There is always mis understand between China u s just like there is always Miss standing between
河南people and Chinese our job is na to stop them is ter sending our job is to change ourselves
To Su qian 遭
I dont know
A lot of Chinese people could critic ise u s d never been to the states
搜if we do not learn to appreciate
The charter to look at their charter
And more I spend a states them or I love you s a
And more I come to China say well you know
It is communication
搜
Political allies the political is very difficult but there is online games I think I believe the best gaming on the world is to make money
Helping small business cross the ocean
Doing business make them understand each other
My grand fa der no news by reading newspaper
My fa der no news by listening to the radio our generation note the world by watching TV our kids snow the world by the Internet is a I want to involve
And I believe this is the time anything happen to you s a we know in China in everything happy China you know very well so love appreciate most of the thing
Appreciate that doing sings there by service important To Get everything one night
Thank you mentioned a you spend sometime here in the early days of Alibaba and you are rejected by a lot of venture capital is to you met with that there was one investor here look and Ali who plays a role in Ali BABA success is Jerry l a and Yahoo invested I believe a billion dollars in tu Ali BABA and two thousand five can you talk about your relationship with Jerry how that investment came about and what your relationship with like with him now and how in trouble that investment has been to a BABA s growth and success
OK ah first
Jerry isa very good friend of my personal friend
Lifetime lifetime friendly our families are good friends
And that
It s nothing personal it so business right
Yahoo is invested us here to five I think a benefit both sides
呃
Without 雅虎
U s is investment we would not be best successful today
We need not need the cast to solve our problem we need that cash to solve to venture capital problem
They did not c Ali BABA s the future do you wanna catch up o d hap us that not on a business I mainly
And without he do we will never learn
Hao to part with a big company whats the big companies problem how it is
Improve our own culture and thanks
饭
In the future if we studied a situation we do not a change we would not have a bright future
We have to do something
So I think there is speaking we are pre she ate yesterday but we are looking for a better tomorrow
Every company should do that and today and Jerry and western
Pretty close friends and we talk that at will take off pretty
In the future the same and we like we like I think this is ah who is a company
At least one of the three companies that
I wake wake me up about Internet
And I appreciate that all my life without Internet there will be no Jack ma
And we know all about out so thats what I my answer
Thank you very quick question so you talk about your interest in buying a Hou Tian district and do how are you gonna buy Yahoo
My question in a very honest way first question no
I been here for fifteen days and most of time sleeping and reading no no I dont have time to sleep is more important than
Long way Togo second
Your question is l jobs how
We are interested in
家庭的后
最后讲
Hou p ho p to your your Yahoo China steak and a whole piece of all those who
OK sorry in my eyes a thank you in all these confusion for the first crystal clear answer about Yahoo the company and appreciate that I dont know honestly I dont know because its more complicated than we thought and there so many people are interested in that
And
We are also talking to them and their talking to us and ah
We think that I was told 搜
Difficult is not money issues and political issue in side so I cross my finger just c our very very OK
