You've to make consumers smart. An e-commerce portal doesn't sell a product at cheaper rates, instead an offline shop sells it at a costlier prices.

If Alibaba cannot become a Microsoft or Walmart, I will regret it for the rest of my life.

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

I don't want people in China to have deep pockets but shallow minds.

When we have money, we start making mistakes.

I absolutely don't have $20 billion. But I'd love to, right?

I would love to, if someone would lend me the money.