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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."
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"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.'"
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Personal Development
"Do not waste your life, in search for a job. Use your special gifts to create work for yourself."
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Personal Development
"Start lifting your brand off the ground with an excelling mentality becoming best at what you do. You can't afford to be an average person although you may have begun from a level below average."
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Personal Development
"In business, sport, entertainment and beyond an idea is worth next to nothing. The energy, effort, passion, talent, tenacity, strategy, resilience and resourcefulness to see it through and make something of it is worth everything."
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Personal Development
"DOOR MONEY To focus on door money means one is paying so much attention to the amount of money they are making at the door they do not consider there is much more profit to be made inside a venue."
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Personal Development
"Youngsters want to change world. Elders want to enjoy their works.The entrepreneur sells anything needed by both to win their desires."
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Personal Development
"We all have the DNA of an entrepreneur.Some are building their own dreams.While most are building other people's dreams. Entrepreneurs are Dream Builders. Are you building yours?"
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Personal Development
"We are all not called to be entrepreneurs but we can all be enterprising in our chosen fields."
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Personal Development
"An entrepreneur with strong network makes money even when he is asleep."
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Personal Development
"My job is making money, helping other people make money. I am spending money, trying to make sure more people get rich, because you cannot spend a lot of money, right? So my job is spending money, helping others. This is a headache."
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Personal Development
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"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.'"
Entrepreneurship
"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."
Technology
"The very important thing you should have is patience."
Personal Growth
"I flunked my exam for university two times before I was accepted by what was considered my city's worst university, Hangzhou Teachers University. I was studying to be a high school English teacher. In my university, I was elected student chairman and later became chairman of the city's Students Federation."
Personal Growth
"My vision is to build an e-commerce ecosystem that allows consumers and businesses to do all aspects of business online."
Business Vision
"My job is making money, helping other people make money. I am spending money, trying to make sure more people get rich, because you cannot spend a lot of money, right? So my job is spending money, helping others. This is a headache."
Entrepreneurship
"Trade is a communication of cultures and values."
Globalization
"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."
Entrepreneurship
"Our philosophy is that we want to be an ecosystem. Our philosophy is to empower others to sell, empower others to service, making sure the other people are more powerful than us. With our technology, our innovation, our partners - 10 million small business sellers - they can compete with Microsoft and IBM."
Business Strategy
"The world is getting so small. Young people are mobile; they want to travel around the world. When you travel around the world, you exchange culture, you want to make friends, you want to exchange things."
Globalization
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