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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.
— Jack Ma
Tags: free, know, mistakes, money

Other Quotes by "Jack Ma"

When I was starting out, I thought about how the Internet is global and that we should have a global name, a name that's interesting. At that time, the best name was Yahoo! Suddenly I thought, 'Alibaba is a good name.'
— Jack Ma
Tags: internet, time, good, best
The name Jack was given by an American tourist.
— Jack Ma
Tags: jack, given, american, name
Every technological revolution takes about 50 years.
— Jack Ma
Tags: years, every, about, revolution
I'm not a tech guy. I'm looking at the technology with the eyes of my customers, normal people's eyes.
— Jack Ma
Tags: looking, people, technology, eyes
I want to change history, do something important in my life, and influence individuals like we have with millions of small businesses on Alibaba. Then they love and respect you because you made their life important.
— Jack Ma
Tags: history, change, life, love
View More by "Jack Ma"
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