I wanted to have a global company, so I chose a global name. Alibaba is easy to spell, and people everywhere associate that with "Open, Sesame," the command that Ali Baba used to open doors to hidden treasures in One Thousand and One Nights.

If you don't give up, you still have a chance.

Never ever compete on prices, instead compete on services and innovation.

Intelligent people need a fool to lead them. When the team's all a bunch of scientists, it is best to have a peasant lead the way. His way of thinking is different. It's easier to win if you have people seeing things from different perspectives.

You never know that the things you're doing are that meaningful to society.

The opportunities that everyone cannot see are the real opportunities.

A real businessman or entrepreneur has no enemies. Once he understand this, the sky's the limit.