Jack Ma's successful life story

So 25 years old

Don't worry any

Mistake is that income is a wonderful revenue for you

so I tell myself and

told my young people

Before 20 years old be a good student

Where do intrapreneur just to learn some experience before 30 years old?

Follow somebody

Go to a small company

Normally in a big company. It is good to learn processing you are a part of a big machine

But when you go to small company, you learn the passion you learn the dreams

you learn how to do a lot of things at one time

So before 30 years old it's not which company you go-it's which boss you follow.

It's very important a good boss teach you differently and

Before from 30 to 40 years old you have to think very clearly

Were you working for yourself?

if you really want to be interpreted when you're 40 to 50 years old you

Have to do all the things that you are good at don't try to drop into the new area

It's too late you may be successful, but the rate of dying is too big so 40 to 50

think about how can focus on things that you are good at

but when you are 50 to 60 years old work for the young people

Because young people can do better than you so rely on them invest on them making sure they're good

So when you're over 60 or so spend time for yourself on?

the Beach sunshine

Right it's too late way to change normally but I visit by by a device to the young people tWenty-five years old

Make enough mistakes. Don't worry you fall

You stand up you fall your step enjoy it. I'm it's only five years. Oh it. Enjoyed. The show in do it I?

Didn't have a rich father tried three times for university all filled I

Apply for however for ten times all filled. They'd only want to see me

for the last time I went to the teachers college which was

Considered the third or four class of my fitting

To apply jobs of Thirty times I'll reject it. It was so difficult at that time

I was so frustrated because I taught in the university my pain was ten dollars a month

Because I could not find a good job in 1990 foot

Discussed that I'm going to do something called internet and 23 of them

I guess that they said this is stupid idea we have never heard by the internet and you know nothing about computer

and I never thought I was smart nobody believed that I could be successful

Because everybody said well this guy thinks differently singer crazily you know they think about something never worked

I try to borrow

3,000 us daughter from the banks took me three months

But I still cannot get it we talked over 30 or 40 venture capitalists. Everybody said no forget it a

Lot of people said Alibaba is a terrible model

As I said I believe it. I think this thing could be big I never thought you will be that big like today

I believe that something, something is waiting for me there and I have to work hard to prove myself

That was the tough experience

so we gather

50,000 us dollars from 18 fighters we started

For the first three years we do not have even one dollar revenue from our business. What's not easy?

Why it keeps the going ahead?

going forward because I

received lots of email of thanks from the customers

They say this is such a great thing we cannot obtain you

But this thing's helped us if you keep on helping us one day you will be successful

And I believe this little by little we build up our business little by little we're good about

Ecosystem of the Infrastructure and now after 16 years we have a alibaba group who have a team or group?

We have a tarball group where we pay and people said you are so smart, how could you make a company like that?

Bill Gates Warren Buffet the Jack Welch

Very page mark Zuckerberg the difference between those people and other people. They are always

Optimistic for the future they never complained they always tried to solve the problems of the others

When you're up to Mr.. It's always opportunity

People same here today, Jeff. Where is the opportunity I don't have a job

I don't have this I don't have a debt

We are at them back to time of the century the best assets. You have is that you are young

Don't complain let the other people complain

The opportunity Lie always lies where people complain think about how you can make things different

is there anything I can do that make the difference and

Then when you think about this study do it I saw a lot of people young people have a fantastic ideas every evening

But in the morning they go to the opposite again being entrepreneur you have to do the things before the other people

Do you have to wake up before the other people wake up you have to be more brave than the others?

Use your instinct everything you do is to the need of the customer

To everybody to any person tomorrow is new

Make the move make the action

Whether investors believe it is or not whether your friends believe it or not whether your parents believe it or not

That's not important. You believe it your team believe it and work day and night on this that's how the things happens

Make enough mistakes. You fall you stand up any mistake. Is that income is a wonderful revenue?

Don't worry about the money money follow the people people should follow the dreams

If you have a dream just to go ahead

I

Think nobody can conquer the world we only can serve the world

Either work for the others or work for yourself, and I choose the way work might for myself

Working for myself that means working for the society if you really want to work with yourself

Think about the others because only when the other people are successful when the other people are happy you'll be successful

You will be happy I

think today people worry a lot about the world about the economy China economy in the world and

I'm a very optimistic

When people start to worry that that is the opportunity is but I worry about the blood testing and she created

Good things and I think great innovations

Great Company's always happening in the tough times

Lives like the music you have a pivot down you have a longer shot nodes

And I like the American movie life life is like a box of chocolate you never know what you're going to get right?

So I'm pretty optimistic

The opportunity in the future for equality is huge because in the in in the last

Century the it is for big companies the globalization is for big companies

But now with the technology we can serve those 80% of the companies that never been served

We can serve the 80% of the young people that never serve

Technology for internet is so cheap so easy to use one of the reasons

why we grow in China e-Commerce so fast much faster than the us because our

Infrastructure of Commerce in China was too bad

Why it is too bad something happening goes today? We are working on the rural areas of China. I can never imagine that

China But 800

million people still live in the rural areas of Farmers and

They're about close to 200 million people

they are incomes less than one dollar per day and

before the internet it's

Impossible for these guys to reach the PC because it's so difficult even people like me

I don't know how to use in PC

But now 80 stand up the farmers those will be using mobile phones when have the mobile phones the internet

The Data things change it a lot, so I'm excited about the future

people always worry

That's the you know

I love the young kids sitting there and talking about the dream their hopes because if they have the hope we have the hope

That's what I believe

and

Let's just take

What you do?

And I loved every description. I've ever heard you about how you serve people and

Your story about the Bamboo farmers and your wife and her friends. It's tagless, but where's this going?

What are you going to do? What are your plans?

To maximize the use that people in remote rural areas of China

Can make of their cell phones besides ordering your projects, how are you going to get it?

Are you going to get them in the banking system through cell phones?

how well

We we never know that we can't grow so fast the path to five miles we covered

4500 Villages and

These people not only they a using very

Traditional way that it takes them like two of we went to the rural area it took them the farmers two hours to work

to the downtown in in the middle of the town and buy things but today

Because the mobile phone and we deliver we can deliver things to their home to their Village within 72 hours

I remember there's a, well, last week. I read a very interesting if this is chant amazing

There is a girl she told me a story

She said her grandfather 92 years old birthday and for his life. He always wanted to try one

Western-Style food

But he lived in the rural areas. There's no such restaurant food. So she said I tried on the internet booked a

restaurant dinner for Western food delivered to that village

And finally, immediately find one restaurant there are three guys

they took like a three-day bus from the from Shanghai to that Village made a

italian spaghetti and beef for them for the

92 Years old birthday

And whole Village was excited everybody says wow you can order food, West--

Western-style food so [you can] buy almost everything and also we are helping there a lot of

Farmers they plant love apples Great apples

But 90% of the apples route it because there's nobody by allah they normally buy

by track you know if you sell the the apples this our whole track and

using a traditional way, they can they can sell by whole basket of the

apples, but now because of the internet the sell by one by one each apple to sell $1 o in a

190 or 200 for each so the farmers of the using internet they can buy and sell

Using a mobile phone that change their lives, and I think it's exciting

And people need examples when they see well the other my neighbor's maker

made money through online to selling things my neighbor made you know by much interesting things online people start to learn and

More people started by the mobile phones we cannot have we cannot make all the factory the mobile factories

To sell phones to them only they know the mobile phone really works helping change their lives is to divide Mobile phones

Just one more question and then do you think this will make?

the current problems like a current problem in China less likely that is if

We'll have more market information in the market will drive where the investment goes

Instead of the government trying to make judgments about I better build another

housing development, or office development here there yonder

And you wind up with a bubble well it comes from the bottom up is it more likely that fewer bad things will happen

yeah, they know, I think the

Last week I was in Seattle discussing about the China ah nummy. I think the you american people worry too much about the China economy

well, you see

Every time where you start to worry about the china China goes better every time you think Chinese are in problem

You know we're good. You know we'll get better, but we never say however you have a high expectation er trying to always a problem

Like a parents of the expectation of the kids you know at the same

But there's a big difference between the American consumption because people say wow you know the economy is bad

So China consumption will be good look no totally different. You American love to spend it tomorrow's money and

The other people's money maybe all maybe the Kudus money we chinese love to save money

We are probably the largest

Country under the safe deposit in the whole world that will people because we've been poor for so many years when we meet money

We're put in the banks because Sunday

We know the disaster is coming so we can spend the money. So when the economy's bad

We still have the money to spend you guys probably don't you worried?

and

The second thing is the China being if marketing China being focusing on developing for path to 30 years

China government, so strong on

Investment so strong on exporting but they are too weak on the domestic consumption

domestic consumption is not driven by governments driven by entrepreneurship

Driven by the market not the government, so in the past two years past 20 years government is so strong

Now they get a week. It's our opportunity

It's our show time

To see the market economy

Entrepreneurship how we can develop the real?

consumption I think we're if the China developed a great consumption we have a

300 million Middle class in next 15 to 20 years

We're going to have been a middle class. We need to import a lot

So when we start to import?

That's a great. It's going to I worry a lot when we act when we export. We've got a terrible sky

We have a terrible water we have a terrible environment when we start import we got to be better

So that's all the great opportunity guys be happy about that

I'm serious. We're that serious. I'm them

We worry about yourself. Don't worry the reason some of them to worry about China is we depend on you to buy our debt

However, I tried to be more chinese when I was president. I saved a lot of money, so

good, but I

just wanted you to say that because I

Really believe that I mean, I think you're absolutely right the Trend toward greater

internal consumption is

I think will remain unbroken

In spite of whatever the difficulties are in the next few months

I think it's important not to over react you can't break the trend. You've got to clean up the land from Chemical contaminants

You've got to clean up the air you're going to do it and a lot of Chinese will

Make a lot of money out of that there'll be a lot of great new companies

and they'll be opportunities to import from other places yes, so

Can you discuss your theory of?

What you're doing and other things in terms of whether it advances?

equal opportunity and social solidarity tell them what you think is going to happen and

What other kinds of when your opening remarks you just said?

Technology is going to be active in this way in other areas of the economy. What do you think the next big opportunities are?

but first

Tell them just in two sentences what you're doing because Jack and I know and we haven't been clear enough

Explain it and Explain how you think that Advances social solidarity and equality of opportunity

our work is in the belief that access to health information is a basic human right and

that lab

information particularly because Lab data drives seventy percent

of clinical decisions

I'm needs to be accessible to people before they're sick

So if you look at the word diagnosed in the dictionary today

It says to determine the presence of disease from symptoms which means by definition

We're determining that people are sick

Once a disease has already progressed and our work is in being able to

Make lab testing accessible to people in time

for therapy to be effected and

To do that in a way in which every person

Irrespective of their insurance status irrespective of where they live

Can afford the ability to get a test done so that means in our case we've invested the last 12 years in

now developing hundreds of tests many of which are

Less than ten dollars so in two dollar tests in the United States

And I think one of the amazing things about this country is that we have such an incredible

Ecosystem for Fueling creativity and that creativity can create new markets so it answered your question about the market

Being able to conform itself to social good

I think the creativity that goes into creating these new technologies

Creates new markets in and of themselves and and our basic belief that is that those new markets come from?

empowering individuals and in franchising individuals and trusting that individuals have the capability to

engage with information and in accessing that information

beginning to take control of their own outcomes and their own health outcomes and in doing so

Changing the way our healthcare system works. I think

what this could mean

for Rural China, you know for Rural, India

for native American reservations in

America for the Mississippi Delta for the remote areas where all the jobs were lost from culture all of a sudden giving?

people information and

One of the most important things I think we did and my second term as president

And healthcare fund was developed as diabetes self-care program and all of a sudden

You could be Jack's company could be delivering the means to self-care based on your test

I mean, I think that this is really this is a very big deal

We all want to live as long as well as we can and Gregg Benner was here

We were joking about whether we'd make it to a hundred

But in the Meanwhile do you want to keep people healthy and if they're sick you want to intervene early not late? Yeah

well

And if you look at I mean the ability to engage with it's information, we have a four trillion dollar

health care problem in this country

20% of it is type 2 diabetes which is reversible and we have 90 million Americans who do not know they are pre-diabetic

But access to information and the ability to engage

With that information is the foundation for being able to change those outcomes and and cost right?

One more factor than I want to call in Jack you founded this Company twelve years ago

Right tell them how old we were I was 19

so

Don't worry about the future. We're in good hands, okay? I always think of a 19-1 where I am

90 have not the past examination for University yet, I

Filled a free times, but I think it we're done. I'm not a good of schooling

Well, yeah

That's why I give confidence to a lot of young people in China if Jackie Markham's success can be

Successful 80% of that people can be successful

People like her are jealous

well

Equality I I would like to make a little bit cut technology helping because yesterday

I was joining the united un women conference about Gender equality and I think the first a technology revolution

Happened 200 years ago in the uk release the human body their arms stronger

The second technology revolution in the USa for energy you can last long

but this technology of revolution relief release the brain

So this century is not a competition who is strong whose muscles are stronger this who is a smarter?

Who is up who can listen you? It's the challenge of a wisdom so men women equal on the internet

You can never see he's a woman a man and on the internet

Women can serve much better than men on the internet and a man talking about a business talking about you know numbers

competition to make business very cold

Women they make business very cozy lifestyle and interesting

50% more than 50% of our shop owners want to have five million shop owners of women and

People looked at me. This is

This is a great thing I see that this century. We see more and more

women leaders

on the state leaders the presidents and in the future we're going to general scepter of your nation shall be a woman leader

and this is the greatest century for equality and I feel excited about that

when they ask you, I'm

We're almost out of time, but I one of the things that we haven't talked enough about here

And I just hear but generally

is whether the leap frogging we saw

with cell phones

Which was instrumental in your phenomenal business?

Success and which will make it possible for you

At the appropriate time to do what you've done on a global scale into

Unimaginable in all of Human history for anybody to have any of their own health data

We haven't we seen examples, but not the kind of dramatic Penetration we need

With energy and clean energy and enough and it's short enough time

To avoid the worst consequences of climate change, so do you believe?

that I

mean your country has done more than anybody else to try to put up solar panels and some of your

Companies when it broke because you overdid it, right?

Beforehand and you got to work out the phase-out of the coal the phasing in the sun and all that Meanwhile

Africa which is growing like crazy because of the cell phone in no small measure and

as six of the fastest growing countries in the world

Still has vast swathes of its land totally dark at night

Do you believe that it's possible for us to?

Scale up with distributed

Solar power is rather than centralized as quick as we did with a cell phone and if so

And if that were your business if you had to quit what you're doing today and start there?

How would you do it and how would you do it?

At first I know that

You know I'm such a huge

Believer in technology, and I think especially right now

We're at an incredible time in terms of new technology and the ability to apply technology in a scalable way

Towards solving some of these problems

so I would look at it in the context of some of the renewable solutions that we already have and

in the context of empowering

Connecting individuals with access to those solutions in the context of creating markets around them

I think that there's real

Opportunity to actually create an Ecosystem in which people can financially benefit from these solutions

And I think that's going to drive an adoption. I think in developing economies

There's a revenue stream associated with that and the more we can

Turn even already some of the technologies that we have

Into markets the more that we can fuel. I believe local growth and individual engagement in in beginning to adopt some of these solutions

Just related it would be jack you answer, and then I'll ask you one final question yeah

I must don't believe it. The technology can make war much better because people say China economy is getting slower

I'm happy about a 7% even 5%

Even 5% of the GDP of the number of China the second large Economy is big enough

but you don't expect China keep on growing 11% because like a one body one human body when you're

1.8 meters tall you cannot keep on like a 10 percent growth every year

you have to grow the quality your mind of wisdom so I think China needs new technology to solve these problems and

which

Today the Data the the clean technology all these things that China is supposed to do if you keep on the tradition

That the old ways will go nowhere

but this is why I

Feel excited because people ask me what is your dream now because I never thought I would be today I can

Sit here talking to president

I'm like a guy you know on the street and like fill the three times for university five times for high key schools

I applied for 10 times in Harvard school or rejected

I never thought because of the technology because the internet gives me this opportunity, so I think when I retire I

Don't want the Chinese people have a terrible water to drink and a save for food and people the money

We make or spend in a hospital. That's disaster

So how we can using the technology to enable young people the greater chance of this world?

Don't worry about we got

1.4 billion people who are born in 1980s

They are the people of the internet times they are going to have new ways to solve the world problems

The things you are worried about today because of it and a human being have these kind of worries for centuries

And young people can always solve it and today

We have a right direction clean energy. You know the climate change all these issues

They will be solved and these are the great opportunities ahead of us

Anything else I?

Agree with that. I think the more the more we can the more we can enfranchise people the more we can create ecosystems in which

individuals are empowered than where we give rights to individuals to be able to build businesses to be able to

To pursue the economic benefit of technologies the more you see these markets change

before they leave the stage I

Want you to look at them?

And I want you to think about the time we have had to spend here

dealing with the refugee problems in Syria and Lebanon

stand up Ellis

This is my friend. Elias musab. He's the education minister in Lebanon. He's got to educate all these kids

and

So he left a miracle that very much reflects the lives that

Elizabeth and Jack have lived he was

At a very responsible position at the American University of Dubai. They

Started bringing American scholars over there to live in an an arabic culture

He did all these wonderful things lebanon gotten probably went home to save his country. What is the difference?

how much more could he and every smart lebanese person do if they could focus on these things and

Why can he not?

Because the place is dominated by people who think their differences are more important than their common humanity and their common challenges

You cannot imagine

Jack miles proud of being Chinese. I like that he'd never hit it

He's happy about it out of product to be a global citizen - yeah

and I

Imagine Elizabeth proud to be a

blonde haired Blue-Eyed American Techno Wiz from Northern California

yes, but

They don't

Not a word either one of them has said

Has defined the meaning of their lives or the direction of their work with negative?

reference to someone else

My friend Dikembe Mutombo stand up. No you don't stand up. It hurts too much you're an old man

My 7-foot too rich fall friend was just inducted into the national basketball association Hall of fame

and

the

my family my whole family was and I

Have seen how much he is given back to his native country congo which has been told troubles

I've known him a long time. We both went to Georgetown University I

Did before he was born I think?

I've never heard him say a resentful thing about anybody. I have seen him give and give and give

Try to give the people in his native land

opportunities

Why am I telling you this? He's had a good life because

He never defined his life with negative reference to anybody else

He never regretted anybody else's success

And he thought he had an obligation to help other people. I'm telling you

This is the we are back in a time of collective global

insecurity

Where the main struggle is the oldest one in human history?

just in Modern Techno realities

Meaning if you were trying to build the middle east you would think about our permanent sponsor here the ambassador from Oman?

Who tried to her government tried to help head off a calamitous war in the middle east over the nuclear issue in Iran?

We all pray to God that it will work out on and early to late

You look around all these places

wherever

people are

Putting aside their differences and working together good things are happening

we cannot achieve economic or social equality without living in the

factional realities of the world we face looking at the obstacles looking at the opportunities making the best decisions and

those of us who

Even feel good about ourselves because we think we spend a lot of time giving our whole goal

Should be to work ourselves out of a job

one of the things that

The Bill and tani Austin were sitting there with starkey. They started giving away hearing aids, and then they decided

What we better teach these young people how to speak if they get the gift of hearing?

They'll have to learn that so they got into the education business

sunny varkey got in the education business incited

Somebody ought to do something really dramatic to remind people that the only people that really matter the teachers

so he gave the first global teacher of the year award last year and an

International panel gave the prize to a teacher from Maine who promptly gave the entire million dollars to her school

Woman never made any money in their life. She gave all the money away immediately

The future is going to be forged my people who think of how to use the modern tools

That we are given

as

Elizabeth and Jack have

to create opportunity through empowerment and

It will not be a straight line. It's too too many moving parts

And but I just want you to think about that the reason you feel good looking at them

is that you identify with them even though they're different from you, and

That's basically where we are all over again, and we can't slip back. We can't give up

that's why we had the prime minister of italy and George soros talking about the future of Europe and

George said it was coming apart and the prime minister said no

It doesn't have to come apart if it's about something more than economics. I thought it doesn't have to come apart if you

Will it not to?

And you put yourself on the line for it. There are no guaranteed outcomes today

But you can guarantee that the trend is right?

So go ahead and we're going to say something which I just wanted to add

I mean if we're talking about the future and and from my own experience and looking at all the faces here

I think a huge part of the answer to your question is also to raise our little girls with the stereotype

they can be the best in engineering and science and math because when they do in all of these industries it changes everything and

We need to do that in this country, and we need to do that as parents in other countries

Yeah, I was thinking about if what you say I

think about when you want when you talk about

Problems you normally is like a politician. We talk about opportunity opportunity that the businesspeople. I was thinking about

how we can using you know this all the problems that change the problem to come the opportunity and

I

Don't know. I just feel excited when people talk about problems I

Think that's think about if you can solve one of them

That's the chance and today

Nobody in live in this century has so many opportunities and so many

Tools they can use the change other people's life

And I think in in the last century which I called it time this century is got a dt. Ten Data technology

It is to Empower yourself make yourself strong Dt

Is to empower the others when you empower the others you empower your future yourself?

so

when I listen to talk I

Agree, and I think that's why we were born in this century. That's why we

How we can use the internet to help more people?

It's given my hand. Thank you.