- Jack Ma, the man behind the largest IPO
in Wall Street history.
Is Alibaba one step closer to global domination?
(upbeat hip hop music)
What do you guys think?
- I think he is.
Jack Ma now is becoming a role model for young Chinese.
- I happen to be a huge fan of Jack Ma.
I actually studied Jack Ma,
I have a lot of his books,
and I watch a lot of his interviews.
I love his insights and the way that he thinks.
He is very articulate.
He used to be an English Teacher,
so as a speaker I can relate to that.
He can take his thoughts and ideas,
and communicate that in a very compelling way.
Versus, there are a lot of Chinese billionaires
but very few is able to do that.
I think most of that, is also what helped him
to have that successful IPO,
because he is a master salesman, right.
He's always selling himself, he's always giving talks,
sharing his philosophies with other people.
And I think that is very powerful.
And didn't he just do a deal
and then bought one company in Kenya,
or something like that?
- Definitely.
Very recent news, just invested or bought out,
Taxify in Kenya in Africa.
And his goal, his vision
is to be able to get a bigger market share in the world,
and possibly try to compete and take out Uber.
- So Taxify is kind of like an Uber App in Kenya?
- [Short Haired Woman] Exactly.
- Interesting.
Now why do you think he's investing in Kenya?
Like, there's so many places that he can invest,
that's kinda interesting move on his part.
- Well Jack Ma is such a visionary.
He loves talking about the future,
every time he goes to do public speaking,
he does a lot of speculation.
And when people look at a visionary, like himself,
maybe he has the foresight to tap into a country
or an area where other people haven't.
And he's all about getting ahead of the game.
- Yes.
- Right, and that's really where his strength is,
to be able to have that growth.
- What he talks about,
he doesn't just talk about a 10 year plan,
he talks about 100 year plan.
- Exactly.
- And people were...
I think a reporter was asking him about,
"Are you like, are you afraid of Amazon,"
and "Are you trying to become Amazon?"
And he said, very confidently,
"Well I'm not trying to be Amazon,
"I'm trying to help all these people become Amazon."
Right, "I'm not Amazon."
And that's a pretty powerful thing to say
because as you know Amazon is becoming pretty big right now.
And a lot of these companies,
is actually kind of a form on monopoly.
Which to me there's nothing wrong with that
in the business world.
You actually want monopoly
because that's how you dominate market place.
You don't want a lot of competition, right.
And that's what their trying to do.
Also, he meet with Donald Trump.
And talks about creating a million jobs in the states.
What are your thoughts on that?
- I know he did successfully (mumbles) Alibaba
and also the Taobao,
which is the Chinese version of Amazon.
- Ebay, kind of EBay-Amazon.
- Yeah, Ebay-Amazon.
And he did create probably more than a million jobs.
- Yes.
- And then I know, you know, the fact that the whole City
which is Alibaba's City.
It's like there's a (mumbles) Alibaba's City there.
- Almost everybody works for Alibaba
one way or the other, right?
- Yes, and then also I think right now,
Alibaba is trying to do kind of like a supermarket,
like with Amazon Go,
something like that.
It just open the first one in Alibaba City
and then it seems like it's a pretty big success.
- What are your thoughts?
- Yeah, definitely.
Jack Ma, you know, again being the visionary
that he is,
he has looked through the different opportunities.
He's also very good at beating you at your own game.
He takes a look at what other people have done,
and he just goes, "you know what I can do better,
"and let me do better,
"let me outrun you in a shorter period of time."
So that's also one of his success formulas.
And also Jack, his vision is to empower humans,
to empower people in general.
And that's really what makes him special,
then you can really compare him to likes of Steve Jobs,
to Bill Gates, where...
- Elon Musk, yeah.
- Elon Musk.
Where they're not just about their wealth.
It's way beyond that,
it's about how can we better...
You know globally do better.
How can we improve our own country.
They're also...
Each one of them are also very patriotic, as well.
How can we make...
So Jack is very patriotic,
and how can we make China better?
- Correct.
- How can we make the citizens enjoy their work,
have them not be replaced by robots.
So those are kind of the visions
that he's always maintained.
- I think I saw a talk that he gave on YouTube,
and he was talking about, "Money And Wealth"
and what motivates him now,
and he said if he was just motivated by money
he could've stopped a long time ago,
because he's made enough money
that he couldn't spend in 10 lifetimes.
He was joking about how he's always wearing
this yellow sweater.
(laughs)
Right, like it's very cheap, he got from Taobao
or something like that.
He said, "Hey, I'm just wearing these like sneakers,
"it's not expensive at all."
He doesn't spend a lot of money.
And he's not quite... he's not interesting in that.
But he is interesting in...
I don't necessary...
I think Elon Musk is more interesting
in sovereign global issues.
Jack Ma has a different vision,
he wants to do things his way.
But you're right he does beat people at his own game,
just like Uber was trying to get into China,
but Jack Ma dominated that with his App, right.
- Well you know WeChat had that function as well.
Yeah, yeah.
- So Uber had a very very tough time.
Google, trying to get into China,
also very tough time.
Because in China,
we have the three big, kind of, online monopoly.
We have it called the BAT, right?
B-A-T, right?
Baidu, Alibaba and Tencent,
so those big three, that they kind of dominate.
And pretty much one way or another,
if you want to sell online in China,
it's some kind of E-Commerce social marketing
you gotta do business with them one way or the other, right.
- Yes.
- It's even more monopoly than North America, for sure.
Bat, B-A-T.
So that's Jack Ma, the man behind Alibaba.
I think let's keep an eye on him,
he's always interesting,
always fascinating to watch and to follow.
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