Want China Times, Xinhua 2014-11-22
Jack Ma, founder of Alibaba group, described on Thursday how the company is exploring ways to help small businesses not only in China, but all around the world.
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| Jack Ma speaks at the opening of the First World Internet Conference, Nov. 19. (Photo/Xinhua) |
Jack Ma, founder of Alibaba group, described on Thursday how the company is exploring ways to help small businesses not only in China, but all around the world.
The
three-day First World Internet Conference opened on Wednesday in the scenic
river town of Wuzhen with roughly 1,000 internet professionals in attendance,
representing more than 100 countries and regions. It was in this beautiful
setting that Ma said, "traditionally, all we think about is how to sell
products to others and how to get money out of the pockets of consumers."
"The
internationalization of Alibaba's business requires us to ponder the issue of
how to help others sell their products to us. China's rapidly rising middle
class is posting a huge demand for foreign products." In February Alibaba
launched Tmall International, dealing mainly in commodities produced or sold in
overseas markets.
Ma believes
that in the global village, old trade modes will be transformed, and, within
the WTO framework, the rules of game are set by governments. The market is
frequently at the mercy of international relations. The internet has made it
possible for a business world built by the entrepreneurs to evolve on the basis
of the market economy and unencumbered by political squabbling.
In
September, Alibaba was the source of the world's biggest initial public
offering.
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