Never ever compete on prices, instead compete on services and innovation.
Alibaba is an ecosystem that helps small business to grow.
I don't shop online, but my wife buys everything at home. We buy sea crabs, fresh crabs, all kinds of things.
If we are a good team and know what we want to do, one of us can defeat tons of them.
I absolutely don't have $20 billion. But I'd love to, right?
Nobody wanted to believe Jack Ma.