thank you so much yeah a lot of people
say Jack your time is so precious and
that not necessarily if your time to not
expand on the things that you feel
important or same thing that you are you
extremely loved to do it or you’re not
spending time for the future that time
normally in New Year’s so be spending
time with the students with the
schoolmates and discussing young people
is when I look at the young people your
eyes it reminds me my my past so I think
a spending time with you it’s my honor
discover discuss about the dreams I
think like any kids I had a lot of
dreams when I young and most of the
dreams never came true now I’m trying to
I tried to make that when I’m 53 years
old I I’ve been working very very
extremely hard in the pasture 30 years
35 years now I think it’s time to think
about my yonder your childhood dreams to
sing songs and be an actor and painting
everything I want to try everything that
I know so you have to work hard they can
realize a lot of dreams that sounds
stupid or crazy when you were young let
me say this when I started out well by
the way I said I worked very hard when I
was a student universe in the university
even I was the chairman of the Students
Union of my University and for my city I
spent I would say 70% of my time serving
in the students unit supporting young
people that gives me a lot of lot of
experience that working with the people
the people relationship helping people
by helping people I get a lot of fun
and get out when I get a more fun and
happy more people so this is why when I
never got a even one day of training to
do business when I set my my company I
know how to deal with the other people
so it’s not on the knowledge that as the
student they should alert you should
learn how to surf people how to work
with people how to team up with the
people so in the future remember one
thing that we know IQ EQ if you want to
be successful you have to have great EQ
because EQ knows how to work with people
if you no matter how smart you are but
you never know how to how to work with
people you will never succeed your dream
whenever it’s just your dream and then
IQ is a make you not make stupid
mistakes you wouldn’t make you live
longer not and the other thing in the
future if you want to be respected
you should have al Q the Q of love is
also very important so these are the
things when you have these skills EQ IQ
and lq most the students pay streamlet
attention to the IQ but they don’t pay
attention to the EQ if you don’t have
the lq you go nowhere so all the dreams
you have but based on these things and i
never know that I was I would I would be
jumping to the internet time and when I
drop at the internet time when I started
my career are the 1995 I study internet
China and terrible years for four years
made a lot of mistakes and you know
stupid mistakes and popular and all in a
wrong way 1999 was when I started
Alibaba I told my team that we may not
succeed but somebody will and we I never
know and we never realized after 18
years we can achieve that much so if it
is your your
dream you can never go for if it is a
group stream I can go further so I make
our ally puppetry not my dream is a
dream of 18 founders later it become a
dream today become a dream of 60,000
people and we make the dream trailer
making sure that everybody we will try
our dream is to enable everybody can
realize their intrapreneur dreams
through the internet so young people
remember don’t worry about it you know
you know is that a silly dream no if you
really believe it it’s a it’s a great
dream so believe something that you’re
really passionate about don’t believe it
because the other people think it is
important I never think when most people
like it I don’t like it when most people
don’t like it I will think about it this
is that you’ll make yourself unique you
are you and doing business is about do
anything is bad be because you are so
unique there about seven billion people
in the world but there’s only one you
that’s worth it yeah so dr. MA a lot of
young people and a lot of students have
a hard time sort of sticking to their
dreams so after one failed class or one
failed acting audition they immediately
get discouraged so what advice can you
give the young people so that they can
continue sticking towards their dream
even in spite of all the obstacles yeah
one thing where you have a dream you
have to sing one thing the dream is
great the thing behind the dream is
tough right so when you want to dreams
that you have to ask yourself what you
want to sacrifice not say I want to do
anything to get my dream but you know
what are the things you want really want
to do you have a failure your mistakes
people don’t like to you people don’t
team with you and all the stuffs when
you have a dream you have to think the
backside of the dream very clearly so
everybody asked yourself
what do you have right and what do you
want a very important what will you give
up if you don’t think about what will
give up you will not have what you have
so when I start my business I know
internet 90 95 99 that 9 9 90s nobody
believed Internet in China what happened
so if I want to sell my products I know
today as a salesman I go out 10 people
if I talk to 10 business people 10
business people always say know why
people want to help you people say help
me why people should help you people
help you that is extremely your lucky
people don’t help you it’s very common
so when you go out nobody nobody have a
deal with you you say yeah I’m right
nobody do with this if you got a 1 deal
you should be honored extremely happy
because you’re actually a coronary so
don’t be discouraged when people don’t
help you why people should help you
you should have earned the right to be
helped right this is so when you have a
dream you have asked what other things
you want to pay for the trees so that’s
a very interesting perspective doctor my
really understanding what you’re willing
to give up now we want to talk about
this role model that you’ve always often
taught them rather often talked about in
a lot of your interviews Forrest Gump
often times you cite this quote from
that from that movie life is a box of
chocolates but with that we wanted to
know more about how you stumbled upon
Forrest Gump and what kind of what kind
of different perspective in the world
has watching that movie given to you
yeah that’s a very interesting question
the day I watch the for scam was in
France home in Seattle and that week was
my most frustrating
dismay period I was so upset I was
cheated too by my friends and I felt
like five projects all failed
so I almost to say well you know cuz
the people I work with they are very
smart and we know that internet was not
easy 1995 1996 907 but when we do not
realize it’s so tough then I was
happened to be in Seattle in my friend’s
home and he had a video the Forrest Gump
with watch that that evening and I I
watched the movie I they we have to stay
foolish with our dream don’t think we
are smart we had to stay foolish with
our dreams and we have to continue be
simple like Forrest Gump is a very
simple he’s not smart guy it continued
it to running round Ryan he thinks that
he said nobody you know he will only
want to make business been affirmed but
catches shrinks a lot of people want to
make visited make money by catching
wills shocks you know you gotta do
business who was a big companies so I
thought that time yes he’s right we
should serve normal people we should
catch shrimps we should have supporting
small business so be simple stay foolish
and no matter what you know say just to
continue and do not complain others only
complete or self-checking what’s the
problem with me did I change myself
later I found a lot of people fail
because when they fail they always
complain about the others that’s his
fault that’s that problem that that
problem and only those people always
check their own problems these people
survive these people succeed for years
for path 8 18 years
I don’t think Alibaba may complain a lot
if you complain you have to have a
solution if there’s no solution for
that’s it so in the movie forrest gump
you talked about the shrimp right there
were basically days before they finally
caught that big hall of shrimp
so first had to go through a lot of
failure before he got success with that
you’ve always said the young people that
they should be able to learn more from
their failures rather than their
successes what do you think the types of
failures young people make that they
should learn the most from oh yeah let
me tell you that one day I was reading
of reading that a biography of general
in the set of the Second World War and I
feel impressed not is how much victories
successful battlefield that he achieved
I think you know if I were better if I
was a young man at that time I could do
better but I was impressed by how many
suffers the terrible experience that he
survived that surprised me the grand the
grand grandfather always tell us you
know jack I’ve been doing that much I
made a lot of mistakes I still surviving
I said Wow
but if he say you know I’ve been
achieved that much and say hey you know
if I were your age ever at that time I
could do better so people will feel
proud when the day when you tell your
grandson about how much tough days you
have gone through I think one day I
share with my kids my grandchildren how
much Alibaba have gone through the tough
days the mistakes doing business they
just like that go to the battlefield the
survivor wings no matter how brief you
are you’re dead people forget again
within three days but if you survive you
always have chance and go to battlefield
is that I experienced the soldier know
that held to hit himself
and then fight young soldiers just to go
out to fight there are different of
reasons for sex there are various
reasons too for one person to be
successful but there are almost the same
reasons for people who fail greedy right
round team round too fast with too much
money by the way you will never make big
mistakes ‘we don’t have money right but
people say if I have money I’m gonna do
a big business no no no remember that
all the mistakes the other people made
you were making so you have to learn if
you want to be successful learn the
mistakes the other people learn learn
from the mistake the other people made
not because you will avoid these
mistakes because you know how to face
these mistakes and travels when these
things come we have a lot of our
mistakes we say wow these guys coming
these mystic come how the jicama did how
Bill Gates did it how Obama did it you
know when the tough day comes it’s not
because you can’t avoid it because when
the problem comes how you face it with
great attitude then you succeed yeah dr.
MA other than that I think one time you
also mentioned that giving up is
possibly one of the biggest failures
that the person can do but I think when
it comes to young people often times you
have our crazy dreams and we try to seek
advice from older people or more
experienced people who sometimes tell us
that’s not gonna work or this is how you
make it work how do we make it happen
such that we still continue our dreams
but at the same time we take criticism
but we don’t give up because more often
than not that’s what happens yeah if you
have a crazy dreams don’t talk to your
grandfather
if you have a crazy cream very important
is that you have to find the people
around you well when we invest a company
I want not only looking at the founder I
want to see the people who work with the
founder whether did you believe him if
he is the only person that believing the
dream that’s very dangerous he’s not a
crazy dream is a crazy person but you
have to find a group of people who are
off believe they’re all crazy
something interesting then right because
it’s easy to make one person crazy but
if you make the whole team crazy
something interesting this is what I did
early days of Alibaba I made a speech in
America to talk about the valley mission
and management way of running in an
Internet company that was very early
2001 – there is a guy in American guys
sitting there say this is a crazy guy
Internet at the survive first to make
profit revenue for get back out of a
valley amazing and team working you know
this is all this is all lies he said
you’re crazy I say sir welcome to
Alibaba someday so he came to Alibaba
spent a few days the day when he left he
said Jack I thought you are crazy now I
found a 100 crazy guys in your company
because we believe what we are doing
it’s easy to make you believe but if you
can make a group of team belief and
there if it’s crazy or not but only
testing is the idea if you want to make
a company it sounds crazy your customer
love it if the customer like it your
team like it you know it’s not a crazy
if the custom does not like it do not
like it your team don’t like it
forget about it you have to change
yourself
dude even if you have a crazy ideas
don’t believe you are always right you
have to learn all about by the past 18
years we have changed at least the 18
big major changes we are not the Alibaba
last year every one every year we are
different company right so this is you
have to change all the time
to be sure that we don’t care about it
how the other people say you’re crazy we
care about is this something really
different really make the make the
difference that’s what we care about so
a lot of the students here are young
entrepreneurs themselves and they have a
lot of crazy ideas and they want to make
those ideas happen since you’re the on
that special advisor for young
entrepreneurship and small businesses
what do you think the role of young
entrepreneurs and small businesses are
in the country and help making the
country grow good wave I do you want to
do it the first thing I’d advice I give
you is think about what will you give up
right and next thing I want to give
advice is how many years you want to
reach for that goal a lot of people have
this idea I want to be 16 next mouth or
next year or next week forget about
there’s no such opportunity in this
world that you can succeed next week
there’s no better opportunity that can
sit next a year because young people
most people like the main right 18 years
ago we don’t have money we have
technology we don’t have a relationship
we don’t have any powerful person
supporting us I started my business 18
people we only get the 50,000 us
daughters 18 people together in my
apartment so we don’t have anything and
when I study Alibaba when I said to my
internet business you’re 1995 I started
with two thousand US dollars
follow the money from my relatives in
France now we started but I know one
thing people like us don’t have money
technology don’t have any relationship
or any things we know we wing for the
future I know if I
I started doing 10 years later our wing
and in the 10 years what I would give up
who our partner is what the things will
be differently
how can I live longer and instead of
live happier so the world is very
interesting if you want to live happier
you may live very shot if we want to
live longer life is a very tough you
have to exercise every day right so this
is this is the life balance so young
people when you have a dream you want to
do is think about how many years you
wanted to make this thing happen if you
think it’s about 3 years I can be
successful prepare for 10 years if you
think I have a five year succeed prepare
for 15 years and then if you think 10
years will succeed me succeeded in eight
years
so you should have a long preparation
determination and these are all the
things they have to think about there is
no great opportunity that make you
succeed next to be next Mouse next a
year there’s no such that’s fancy great
idea that’s really crazy
I think I speak for Mikey and everyone
here this might have been 20 of the most
insightful minutes of my life and our
lives so thank you very much for sharing
your knowledge and experience with us
thank you on behalf of everyone
thank you very much so we’ll remember
that to find out what we’re willing to
give up make sure you’re not just IQ but
EQ and lq as well and lastly never ever
stop believing in our dreams so thank
you very much mr. MA for your time and
thank you on behalf of the students of
that assignment thank you very much
[Applause]
hello Jackman
now dr. jack first of all I’d like to
thank dr. Jack for an insightful
discussion earlier we were talking about
a framework that I’ve been doing with
the government for the past so many
years which focuses on money I mean
mentorship money and market the three
most powerful aims in really helping our
micro and small entrepreneurs and I
invited about 50 intrapreneurs here most
of them from the brick and mortar
business a number of them are digital
economy three of them are quite
successful and they will share their
insights and questions with you and I
think the brick and mortar are here
because they’re scared of the changing
landscape the destruction is happening
in way things are happening so I wanted
to ask you do redo the old economy or
the brick and mortar businesses have to
fear that much what is their solution to
preventing themselves from disappearing
yeah I think the the old economy should
not fear but they should have change
immediately the past 20 years internet
technology changed the world but this it
was speed up next 30 years and every
three years it’s just like 30 years so
if you do not start a change it’s going
to be tough it’s going to be really
tough I’m not scaring people because
I’ve been doing that in China for years
telling people that the new business
model so how it just like older days if
you’re using horses and buffaloes too
and the other guy uses electricity you
don’t have channels at all if you are
doing biz
do you think about I design and I make
and I sell called b2c
but the other guys because the new
technology they become consumer to be
consumer to be become see to be they
become a tailor-made they using the
logistic system such as social justice
to network they reach the market a
quicker faster than you are now they
usually internet to find the customers
abroad cross the board they using I
dated technology magic cheaper you don’t
have chance to win so I think please
change quickly it’s not competitor
killing you it’s the future kill you if
you kill yourself and how you can change
embrace the change do not be scared by
technology technology I would say today
is so simple and easy
the only thing spend time on that I
think because your entrepreneur you’re
smart enough if you really sit down
together for three hours deep learning
it would change a lot of people just
don’t like it I I think I don’t it the
world is so dis world is so difficult to
change your successful people people
have a millions of ways to tell you I
succeed yesterday so you guys forget so
let us learn from young people today
technology internet technology are so
simple so easy and most of the internet
companies like us we give you free
technology free services why not try
free young people because we try free
they succeed so I would say don’t be
scared don’t be feared here just go
ahead if you don’t use it it’s just like
last century you refuse to use
electricity it’s gonna be dangerous and
by the way
it only takes about first as three years
you were totally different we talked
about the three M’s one of the three
aims was mentorship LaSalle is a great
school great wonderful school I still
have to get my diploma I studied in
LaSalle but I still should finish one
more subject that’s the irony of all
things and I agree with dr. Maia because
you need EQ more than IQ in a sense all
my life my passion is to help many more
micro entrepreneurs and we discussed the
level of poverty here is the cause for
our drug problem and for us to enable
our small entrepreneurs many of them are
survival entrepreneurs to lift up from
poverty we have to create the next part
of the 2ms which is the money side in
the marketplace
what are you views to enable these
people to cross and be able to access
the money in the market yeah I think
first small business must must have big
dreams and big companies should have
small steps big company always think of
big Yogi’s will fall down big companies
should have small steps every week every
day every year I must reach this money
but small dreams small companies have
big dreams I’m now today serve twenty
customers how can I serve 200 customers
in two years how can I serve 2000
customers what are the ways that I can
serve two thousand customers how can I
make this ten customers who using my
services that be happier healthier and
continue to be we try to make every
customer of my company to be the
advertisers or salespeople of our
company because in this way you have to
make sure your your products good but
the government should build up the
infrastructure of Commerce
what is the infrastructure of Commerce
at the mentorship we should have a lot
of business schools not necessary MBAs
I’m not a particular fan of the
traditional MBA the MBA they make people
sometimes very stupid because business
is you have to be flexible you have to
change yourself to me now it’s it’s not
me it’s not everything can be standard
right so we have the mentorships and we
also have the money reaching market
reaching and also I think the technology
region so what we call is that this
country I cannot see I know a lot about
a fillip thing but when I see over a
hundred million people 99 percent of the
business of this country as small
medium-sized companies we should build
up the infrastructure of supporting
small business making sure that every
small business are able to reach the
money and today it’s impossible to let
the big banks to do it we should use a
new technology to do it which I call
increase of financing KB down by the
internet technology today Alibaba in
China a leap a we serve more than half
billion people young people in China
using mobile phone payment we don’t have
so many credit card system cracker China
people say a jack you know it’s
impossible to the payment in China in
the past 15 years people keep on
criticize us say how can you do payment
online you don’t have a check you don’t
have a credit card system you’d have a
credit system you don’t have enough
banks how can you do great because we
don’t have the check because we don’t
have the credit card system we make the
most advanced payment system in the
world
so Philippine I think you have the
opportunity to make the world the best
tech thing of FinTech in the world
because you have so many mobile phones
you have set more than 7,000 Islands
it’s impossible for banks to have
offices in 7,000 covering everywhere but
mobile phone covering everywhere we
shouldn’t make Philippine a cashless
society when you have cashless society
everyone rich my way Cassius I didn’t
know no corruption and life is easier
totally agree
we have basically the to tell Co guys
here are in a school globe Erik Alberto
smart and PL DP blame them for the slow
honestly honestly it’s unfair to blame
anybody let me see this
where is the opportunity opportunity
exists in the areas most people complain
if you can solve the complaint you have
the chance when we started Alibaba
the speed of Internet in China was
terrible much worse than today’s
Philippine Oh much worse right at that
time not even 3G and but that’s not an
excuse for mobile phone companies to to
let slow speed has slowed it services
faster speed has fastest speed services
but it’s a great opportunity for for the
telecommunication companies to invest
this investment I’ll guarantee you will
get the return back they’re going into
the 4G now so that’s going to speed up
the internet I think it’s this is this
is the opportunity for everybody if the
4G 5g s continue to it’s going to make
the country good make everybody good and
finally will be good before we go to the
students to ask questions I wanted to
just call two successful tech pioneers
Robby Antonio briefly can you ask a
jacket on question
hello morning mr. ma the smartest people
in the world seems to be very divided in
the issue of blockchain technology what
is your current stance towards this I
seem to have research that you’re
predisposed to audit and how does that
conflict with the overarching goal of
China banning ik the exchange in the
technology say that again blockchain
Jane and bitcoins and cryptocurrency
again bitcoins right well I’m I’m a
believer
the blockchain technology and we have a
specific a team in the company ally and
the financing focus on researching on
that because we are believer of
globalization
we’re believer of free trade in the
future the global trade global business
globalization there are a lot of money
transferring what is the safe the way
what is the most efficient way that to
do that so we put a lot of the efforts
on that so I would say let me say this
about technology general wise company
like us we should not have wing our
market by advertising dollars we should
wing our market by innovation Alibaba
should not go get our profit from the
size of the business we should get our
profit from the technology that would be
invested in site we invested heavily
nine years ago study on cloud computing
and big data’s now for financing we
invested heavily on bracha chain but
Bitcoin and this I’m not big fan of that
yet let me say this company like us I
think lastest entry if you have a
technology you want to keep it to
yourself today
in 21st century if you have a technology
the only way to make you powerful is
enable others even enable your
competitors so we Alibaba will spend
billions of dollars on technology and
when we spend the money on the
technology we were making sure this
technology is inclusive to the others so
Brockton technology is the big
investment that we invest in on that but
we as I say we also would love to
partner with others others
okay Robbie basically raised money on
his company called revolution he this is
the first Filipino company who valued it
at 1 billion u.s. dollars or
congratulations to this guy thank you I
have another very successful tech
company your next early ed of surpass
NYX can you ask your question quickly hi
good morning job my question is around
the ewt P initiative that Alibaba has
taken what are the implications of this
for Southeast Asia and I guess more
importantly for traditional businesses
and retailers how should they view the
e/wd be knowing that it can be very
disruptive to their current business
models thank you so much for this
question for you WT PS stands for
electronic world trade platform a lot of
people don’t like globalization
I think globalization did a fantastic
job in a past of 30 years they pop up
the global trade but it’s a growing pain
it’s a stew a baby only 30 years old the
thing the problem is that it benefit 20%
of the development of countries 80% of
developing countries don’t have chance
young people don’t have chance the
globalization the past of 30 years was
controlled by 60,000 big companies we
think should Elise the 16 million or 30
million or 60 million small business
young people should be able to sell
small business like anybody sitting here
intrapreneurs Phillip ping think about
how you can sell your small business
here can sell products to China to
career to Europe as long as your service
is good products good you should be able
to compete with any big companies this
is my belief so ewt P is try to build up
a platform not organizing I feel sorry
for WTO
when you put 200 government ministers in
their one room to agree on something
impossible right but if we put the two
thousand business people in a one room
we can’t agree on something the only
thing we want to do business so II WTP
we work with WTO is this is the 2.0
version of WTO supporting small business
young people that we encouraging every
government to set free trade zones for
small business there are so many free
trader zones in any country but all
these free trade zones are designed for
big companies for small business if you
want to sell things outside the country
the government will never give you 24
hours custom decrees big company can you
cannot so we want a beaut up a process a
platform a way of doing business then
every small business you can global sell
global by global peg global delivery and
global travel and you can have a
marketplaces online and this is what we
believe
I we come here Alibaba come here to fill
up in last night I arrived like a 10
o’clock we had a meeting dinners we had
a meeting until later 12:00 for two
hours discussing how we can build up the
infrastructure of doing business in
Philippine the payment system the
marketplace system the logistics system
when we build up that the purpose is to
making sure these small business can
sell their things to China to the other
part to Malaysia
now the ewt be the first project we
launched is in Malaysia and we hope that
every country in Southeast Asia can join
the e WTP every country have a free
trader zones for small business
entrepreneurs there are a market place
rich their money rich
justic reach mentorship training rich
and IT rich so they can do business this
is what I want anywhere in the world any
young people in any country open a
mobile phone you care all the products
from everywhere in the world and then
get products within 72 hours and this is
the goal that we want to reach in 20
years and ewt today the first example
we’re testing in Malaysia very good so
fast very good so when we have that
model we will bring to Asia any
countries if we are interested in thank
you
and the last year I should from mr.
LaVista the youngest entrepreneur we
have here here he dreamed of putting
solar panels in everybody’s rooftop and
how old are you 20 24 24 just 24 years
old and he’s just finish my University
of Louisville go ahead your mission sir
to use technology to uplift developing
countries is so inspiring and apart from
the slowest internet the Philippines
also has the most expensive electricity
the worst traffic and many other wursts
so I’d like to ask what are your other
ideas
apart from e-commerce and FinTech to
solve developing world problems in
energy infrastructure and agriculture so
end poverty in the developing world
thank you thank you so much well let is
this say this people consider Alibaba is
an e-commerce company first when I eat
carbons company we’re ecommerce enabler
we do not to buy in a cellar ourselves
it’s a first we are different from
Amazon Amazon they buy their sell their
e-commerce we make other we help other
company to be ecommerce second ecommerce
is less than 20% of our business so
Alibaba listed in New York steak stocks
that’s only 20% of our business we ask
eighteen years ago in my apartment our
dream is to survive our dream is to
making sure
Alibaba will survive and be us their
business and today we have six close to
60,000 employees we have so much cash
we’re the greatest technology of the
internet e-commerce we have all the
resources we have what we want
now we want to make more money we think
we should be the engine of innovation of
the world of this century we should be a
company of the century not company of
China of company of Hangzhou which is
using all the resources data’s people we
have to enable the if you want to be
same company of the century you have to
make different so we think we want to
build up using this resources we have to
build up the infrastructure there every
young people every small business every
woman can you leverage this technology
and infrastructure to do business to
culture so this is our dream and this is
a few more excited about our revenue
income a profit income although we have
a good revenue good profit we love the
things we care about the job of
creations we care about the efficacy of
people doing we care about young people
have opportunities we care about women
leadership’s
these things will care about but if you
really ask us what we would do for
sustainable growth growth what’s the
meaning of life is happy and healthy we
think after internet we should making
people that be happy be healthy so happy
and healthy industries something that we
want to do if you want to be healthier
healthy food healthy environment healthy
water healthy air if you want to be
happier you should have the belief
you have the valley you have the dreams
I don’t want make this our company
become a company a machine of making
money and this is how we do it and I to
sustainable growth is that when you are
healthy and happier you can be happy you
can be sustainable and if you want to be
healthy environment water food and
psychological Europe should have a
belief religion culture and education
these are the things that using
technology if we can empower these
things we are the company that are you
proud for working day and night that it
worth it otherwise it does not make any
sense for making more money I cannot
spend out of money this is a tie up I’ve
given by you know I don’t dress like I
don’t wear watch you know rings no that
class I think how much money can say can
only sleep one bad you can only eat have
three dinners it’s so that’s the meaning
of life and this is what we want to do
we have a couple of questions from
students are you ready well you guys
ladies and gentlemen yeah so our
esteemed guest dr. Mann has been most
kind to me agreed to answer some
questions for our students so for the
students please introduce yourself and
tell us your year and major before you
ask your questions okay students hi mr.
Jack Ma I’m a third-year industrial
engineering student my question is what
would you consider to be your biggest
failure in life and what did you learn
from this experience that you can share
to us students the
my biggest mistake that I don’t want to make is the day when I retire the
make is the day when I retire the company claps right this is what I don’t
company claps right this is what I don’t want to see because everybody was sick
want to see because everybody was sick everybody will get out everybody would
everybody will get out everybody would die we’ve been working hard for 18 years
die we’ve been working hard for 18 years at this company won the last 102 years
at this company won the last 102 years so we would never see Alec Alibaba is
so we would never see Alec Alibaba is successful because we’re only 15 18
successful because we’re only 15 18 years there 84 years to go in the last
years there 84 years to go in the last next 80 84 years we may have a hundred
next 80 84 years we may have a hundred times or maybe one minute chance would
times or maybe one minute chance would disappear so my job as a spanner see you
disappear so my job as a spanner see you how can I keep this company growing when
how can I keep this company growing when I retire when I leave this company it
I retire when I leave this company it still continued to grow this is why I
still continued to grow this is why I don’t want when I’m 80 years so 70 years
don’t want when I’m 80 years so 70 years so I’m sitting still working the company
so I’m sitting still working the company I thought I should die and the beaches
I thought I should die and the beaches in the Filipino muffin not into my
in the Filipino muffin not into my office because you don’t want to see an
office because you don’t want to see an older guy is sitting 18 years so stupid
older guy is sitting 18 years so stupid the chairman that won’t work so every
the chairman that won’t work so every day I’m thinking about is what if I
day I’m thinking about is what if I leave the company the company gonna
leave the company the company gonna continue to grow and if I cannot make
continue to grow and if I cannot make that thing happen this is the Miss
that thing happen this is the Miss bixton mistake then I would make and a
bixton mistake then I would make and a lot of mistakes I do is that I can share
lot of mistakes I do is that I can share a lot of idea the day when I retire May
a lot of idea the day when I retire May 5 if I’m a good at the writing I would
5 if I’m a good at the writing I would write a lollipop up 1000 were mistakes
write a lollipop up 1000 were mistakes any mistakes or for example when you
any mistakes or for example when you have when you raise money a lot of
have when you raise money a lot of people in the Richmond the first thing
people in the Richmond the first thing they were they were looking for a fancy
they were they were looking for a fancy office building and decorated
office building and decorated wonderfully and stacked high great
wonderfully and stacked high great people especially high people from
people especially high people from multinationals that’s a big mistake I’ve
multinationals that’s a big mistake I’ve made when I when I have the first a
made when I when I have the first a five-minute US dollar foundation I start
five-minute US dollar foundation I start hi people who used to work in the vice
hi people who used to work in the vice president of big companies well when
president of big companies well when they came the destroy us because when
they came the destroy us because when you attract them you borrow a Boeing 747
you attract them you borrow a Boeing 747 engine putting inside you’re going to
engine putting inside you’re going to destroy your tractor
destroy your tractor you should not find the best of people
you should not find the best of people you should find right people and working
you should find right people and working them develop with them make your team
them develop with them make your team the best of people there’s no best
the best of people there’s no best people in the market the best people is
people in the market the best people is always in your own company that’s the
always in your own company that’s the mistake I learned and I wanna share with
mistake I learned and I wanna share with you thank you next okay hello good
you thank you next okay hello good morning my name is Fallon Lefou I’m a
morning my name is Fallon Lefou I’m a third year entrepreneurship student
third year entrepreneurship student firstly welcome to our University and
firstly welcome to our University and thank you for visiting us my question is
thank you for visiting us my question is based on your experiences what are the
based on your experiences what are the friendships that enjoy time in the ups
friendships that enjoy time in the ups and downs in life
likewise my question is based on your experiences what are the friendships
experiences what are the friendships that enjoy time and the ups and downs in
that enjoy time and the ups and downs in life okay the friendships right well I
life okay the friendships right well I think this thing that makes me go
think this thing that makes me go through all the tough days are the
through all the tough days are the friendships they let me see in this way
friendships they let me see in this way I don’t invite any of my friends join my
I don’t invite any of my friends join my company from the first day but when they
company from the first day but when they join my company I make friends with them
join my company I make friends with them this is a vizag if you don’t invite your
this is a vizag if you don’t invite your best friend to form a company with you
best friend to form a company with you don’t totally we don’t I see so many
don’t totally we don’t I see so many tragedies there are cases may succeed
tragedies there are cases may succeed but most possibly you fail it’s better
but most possibly you fail it’s better to make friends when they join the
to make friends when they join the company
company treat them but when the company’s that
treat them but when the company’s that big you cannot make friends with anybody
big you cannot make friends with anybody we can make colleague friends with that
we can make colleague friends with that so friends makes when I’m in trouble I
so friends makes when I’m in trouble I talk to them I talked to my I talked to
talk to them I talked to my I talked to my friend are my colleagues
my friend are my colleagues troubles even to today early days
troubles even to today early days whatever problems I have the company
whatever problems I have the company have I tell them openly for our trust
have I tell them openly for our trust them right what’s the wrong we don’t
them right what’s the wrong we don’t we’re gonna run out of money in weeks
we’re gonna run out of money in weeks so what I’m gonna do though shop them by
so what I’m gonna do though shop them by problems so friendship means based on
problems so friendship means based on trust my team trusted me and I trust
trust my team trusted me and I trust them I know my team can’t do better than
them I know my team can’t do better than I do than I am and I know they can
I do than I am and I know they can survive they will they when they are in
survive they will they when they are in trouble I spent time with done when I’m
trouble I spent time with done when I’m trouble I found many of my friends came
trouble I found many of my friends came to talk to me they helped me yeah
to talk to me they helped me yeah friendship well the difference between
friendship well the difference between as let me take this business is about a
as let me take this business is about a friendship beauty friendship is about
friendship beauty friendship is about trust a building where you don’t have
trust a building where you don’t have friends you don’t business we don’t have
friends you don’t business we don’t have trust you don’t have friends that’s all
trust you don’t have friends that’s all the things very simple thank you thank
the things very simple thank you thank you thank you very much next students
you thank you very much next students okay
[Music] so hello dr. Jack good day I’m Gio and I
so hello dr. Jack good day I’m Gio and I am a third year psychology majors too
am a third year psychology majors too then so and here’s my question so the
then so and here’s my question so the plan today is that there are many young
plan today is that there are many young people who do things simultaneously
people who do things simultaneously so there are they have their full-time
so there are they have their full-time jobs while doing their studies or doing
jobs while doing their studies or doing part-time work well there are others who
part-time work well there are others who also wanted to pursue their plants our
also wanted to pursue their plants our passion in doing business in open up
passion in doing business in open up their businesses so in the perspective
their businesses so in the perspective of prioritization what advice can you
of prioritization what advice can you give to these young people who wanted to
give to these young people who wanted to pursue their dream of doing business
pursue their dream of doing business while doing these other tasks I say that
while doing these other tasks I say that again
again make it simple okay so given that the
make it simple okay so given that the young people of today have a lot of
young people of today have a lot of things that they were really wanted to
things that they were really wanted to do what advice can you give to the young
do what advice can you give to the young people of the day in terms of
people of the day in terms of prioritization what advice can you give
prioritization what advice can you give today alright that’s good first let me
today alright that’s good first let me say a young people have a lot of things
say a young people have a lot of things to do he wants to do loud thing is
to do he wants to do loud thing is better than the young people who is
better than the young people who is there anything you want to do lot of
there anything you want to do lot of things you want to do at least you have
things you want to do at least you have hope I like these kind of people but you
hope I like these kind of people but you have to focus on the things and how to
have to focus on the things and how to folks what’s the payara to my way it’s
folks what’s the payara to my way it’s not maybe not correct you have to pick
not maybe not correct you have to pick up the things that you are really
up the things that you are really passionate about you love to do it where
passionate about you love to do it where you do business you have to do things
you do business you have to do things you believe in you love to do it if
you believe in you love to do it if you’re not like it you don’t like it you
you’re not like it you don’t like it you cannot sustain so you love it and you
cannot sustain so you love it and you have a passion about it this is my
have a passion about it this is my priority do not a pick up the thing that
priority do not a pick up the thing that is important or your father said it’s
is important or your father said it’s important you don’t think so okay go
important you don’t think so okay go nowhere so priority to me is when you
nowhere so priority to me is when you are tiny pick up the things you you love
are tiny pick up the things you you love you’re good at
you’re good at you know that I can last long don’t pick
you know that I can last long don’t pick up things that is a big that will never
up things that is a big that will never last long and the other people think is
last long and the other people think is big so this is something that hours and
big so this is something that hours and by the way the pirate oratory of your
by the way the pirate oratory of your choice of to weather study or work are
choice of to weather study or work are the same learning when you do the
the same learning when you do the business you learn from the business
business you learn from the business where school you have to put the all the
where school you have to put the all the knowledge into practice I a lot of
knowledge into practice I a lot of people wonder why will will leave the
people wonder why will will leave the school without a getting a degree and
school without a getting a degree and then go to go to do business be
then go to go to do business be entrepreneur they say Bill Gates succeed
entrepreneur they say Bill Gates succeed we do not the finishes school in Harvard
we do not the finishes school in Harvard there is only one Bill Gates don’t do
there is only one Bill Gates don’t do that right
that right today it’s much easier your school in
today it’s much easier your school in the daytime in the evening open the shop
the daytime in the evening open the shop online and by yourself step to learn
online and by yourself step to learn it’s a great experience
it’s a great experience all join the students units of other
all join the students units of other people all work in a part on the weekend
people all work in a part on the weekend supported this entrepreneur school
supported this entrepreneur school companies be a you know a person their
companies be a you know a person their work in the weekend you learn so sorry I
work in the weekend you learn so sorry I speak a lot today cuz I I don’t think we
speak a lot today cuz I I don’t think we can speak every year but I want to tell
can speak every year but I want to tell something that is helpful when you have
something that is helpful when you have 20 to 30 years old
20 to 30 years old please find a good boss a good boss is
please find a good boss a good boss is better than a good company a good pass
better than a good company a good pass with discipline you train you develop
with discipline you train you develop you when you have 30 to 40 years old try
you when you have 30 to 40 years old try to do something if you really want to do
to do something if you really want to do something yourself try to do it from 30
something yourself try to do it from 30 to 40 when you’re 40 to 50 years old do
to 40 when you’re 40 to 50 years old do something you are good at don’t do
something you are good at don’t do something you don’t know anything about
something you don’t know anything about but when you’re 50 to 60 years old focus
but when you’re 50 to 60 years old focus on helping young people we’re six over
on helping young people we’re six over 60 years old spent out with your
60 years old spent out with your grandchildren
grandchildren 80% of rocket not everybody but most
80% of rocket not everybody but most people doing that Jack there’s an
people doing that Jack there’s an interpreter here the the woman
interpreter here the the woman intrapreneur a serial entrepreneur her
intrapreneur a serial entrepreneur her name is Maya Villanueva milah you had a
name is Maya Villanueva milah you had a question for jack is there a mic
question for jack is there a mic microphone and after this we have two
microphone and after this we have two questions left for the students so
questions left for the students so please prepare I could good morning dr.
please prepare I could good morning dr. mark your friend masses son has raised
mark your friend masses son has raised and is deploying a hundred billion
and is deploying a hundred billion dollar vision fund around companies
dollar vision fund around companies deploying the power of AI and the
deploying the power of AI and the Internet of Things and talks about
Internet of Things and talks about singularity I wanted to know whether you
singularity I wanted to know whether you agree with him you talked about it and
agree with him you talked about it and what are your thoughts around the area
but on a light yeah I think in turn of the things of the future and artificial
the things of the future and artificial intelligence is such a hot topic this is
intelligence is such a hot topic this is something different from the American
something different from the American Way of artificial I don’t think
Way of artificial I don’t think artificial intelligence is a great is a
artificial intelligence is a great is a good word proper word I believe it’s
good word proper word I believe it’s called a machine intelligence I don’t I
called a machine intelligence I don’t I think human being have wisdoms machine
think human being have wisdoms machine have intelligence an animal have
have intelligence an animal have instinct today the artificial
instinct today the artificial intelligence is trying to make machine
intelligence is trying to make machine think like a people human being human
think like a people human being human beings only know 80% of their brains and
beings only know 80% of their brains and how can you make machine to learn from
how can you make machine to learn from the 80% and for example when we judge
the 80% and for example when we judge people using human eyes we’re taking
people using human eyes we’re taking pictures way we analyze why machine
pictures way we analyze why machine should I take the picture analyze that
should I take the picture analyze that human being machine should have as a
human being machine should have as a machine ways so I think today artificial
machine ways so I think today artificial intelligence in the
intelligence in the yes it’s good direction but the wrong
yes it’s good direction but the wrong way and Alibaba focus on machine
way and Alibaba focus on machine intelligence machine should do things
intelligence machine should do things that human being cannot do well machine
that human being cannot do well machine should learn like a human beings a
should learn like a human beings a machine will never be able to think like
machine will never be able to think like human being human beings have the belief
human being human beings have the belief that the religion had the valley machine
that the religion had the valley machine mean I have so what I would say is that
mean I have so what I would say is that all the University a special primary
all the University a special primary school king of schools we have to be
school king of schools we have to be very careful the way we teach to
very careful the way we teach to delegates today will may make our kids
delegates today will may make our kids 30 years later cannot find the jobs
30 years later cannot find the jobs because machine are much smarter than
because machine are much smarter than human beings they can calculate it
human beings they can calculate it faster
faster remember faster so if we teach our kids
remember faster so if we teach our kids the way we taught in the past of 100
the way we taught in the past of 100 years
years our kids will not find the jobs next 30
our kids will not find the jobs next 30 years because machine would take a lot
years because machine would take a lot of jobs of us what other things the
of jobs of us what other things the machine can never do this is something
machine can never do this is something the education system every country
the education system every country should pay attention to that so this is
should pay attention to that so this is what am i view about artificial
what am i view about artificial intelligence and because of the Technic
intelligence and because of the Technic technology everything most of the
technology everything most of the internet of the things it’s going to be
internet of the things it’s going to be made Internet everything will be
made Internet everything will be connected to internet ok I’m sorry we
connected to internet ok I’m sorry we only have yet one I’m sorry one question
only have yet one I’m sorry one question one final question from the students and
one final question from the students and ok and this will be the last question
ok and this will be the last question I’m sorry we don’t have much time so
I’m sorry we don’t have much time so thank you so hi dr. MA I am Joe Lockett
thank you so hi dr. MA I am Joe Lockett RN third-year industrial engineering
RN third-year industrial engineering from the Conway College of Engineering
from the Conway College of Engineering so my question is what is the one global
so my question is what is the one global issue that you are personally passionate
issue that you are personally passionate in solving yeah
in solving yeah the global issue that the current center
the global issue that the current center made their lot but I think as I say
made their lot but I think as I say sustainable growth that every young
sustainable growth that every young people should have opportunities and how
people should have opportunities and how can we have the young people
can we have the young people opportunities we should enable them by
opportunities we should enable them by technology and we
technology and we should change the education system
should change the education system improve the education system this is
improve the education system this is something worried to me if we check do
something worried to me if we check do anything to control or improve the
anything to control or improve the environment but the way we teach kids
environment but the way we teach kids young people are the same way we don’t
young people are the same way we don’t in industrial time or go nowhere
in industrial time or go nowhere so the thing I concern most is about
so the thing I concern most is about education we are ok now if we do not
education we are ok now if we do not know enough knowledge about what caused
know enough knowledge about what caused the environment problem what caused the
the environment problem what caused the ink now inclusive problems so these the
ink now inclusive problems so these the things that we teach our kids the
things that we teach our kids the education systems that is the priority
education systems that is the priority because I was trained to be a high
because I was trained to be a high school teacher I think a good education
school teacher I think a good education system I mean finally I’m the thank you
system I mean finally I’m the thank you I’m very honored to be given the
I’m very honored to be given the doctoral degree but I was considered to
doctoral degree but I was considered to be a bad student
primary school I never passed examination for Kia primary school never
examination for Kia primary school never got good middle school never got ice
got good middle school never got ice Paris
Paris I try to three years for entering a
I try to three years for entering a university in Hangzhou and never be the
university in Hangzhou and never be the top ten students of my class traditional
top ten students of my class traditional way of Education I was considered being
way of Education I was considered being a failure a loser but the way we do so
a failure a loser but the way we do so what are the things something that we
what are the things something that we can do for the future this is something
can do for the future this is something that I’m thinking a lot about that this
that I’m thinking a lot about that this is something concerning me when we have
is something concerning me when we have a good education system when we train
a good education system when we train our kids better our kids would not make
our kids better our kids would not make the mistakes that our ancestors and our
the mistakes that our ancestors and our generation have made it’s something that
generation have made it’s something that I conserve I want to really want to put
I conserve I want to really want to put efforts on that okay thank you very much
say Jack your time is so precious and
that not necessarily if your time to not
expand on the things that you feel
important or same thing that you are you
extremely loved to do it or you’re not
spending time for the future that time
normally in New Year’s so be spending
time with the students with the
schoolmates and discussing young people
is when I look at the young people your
eyes it reminds me my my past so I think
a spending time with you it’s my honor
discover discuss about the dreams I
think like any kids I had a lot of
dreams when I young and most of the
dreams never came true now I’m trying to
I tried to make that when I’m 53 years
old I I’ve been working very very
extremely hard in the pasture 30 years
35 years now I think it’s time to think
about my yonder your childhood dreams to
sing songs and be an actor and painting
everything I want to try everything that
I know so you have to work hard they can
realize a lot of dreams that sounds
stupid or crazy when you were young let
me say this when I started out well by
the way I said I worked very hard when I
was a student universe in the university
even I was the chairman of the Students
Union of my University and for my city I
spent I would say 70% of my time serving
in the students unit supporting young
people that gives me a lot of lot of
experience that working with the people
the people relationship helping people
by helping people I get a lot of fun
and get out when I get a more fun and
happy more people so this is why when I
never got a even one day of training to
do business when I set my my company I
know how to deal with the other people
so it’s not on the knowledge that as the
student they should alert you should
learn how to surf people how to work
with people how to team up with the
people so in the future remember one
thing that we know IQ EQ if you want to
be successful you have to have great EQ
because EQ knows how to work with people
if you no matter how smart you are but
you never know how to how to work with
people you will never succeed your dream
whenever it’s just your dream and then
IQ is a make you not make stupid
mistakes you wouldn’t make you live
longer not and the other thing in the
future if you want to be respected
you should have al Q the Q of love is
also very important so these are the
things when you have these skills EQ IQ
and lq most the students pay streamlet
attention to the IQ but they don’t pay
attention to the EQ if you don’t have
the lq you go nowhere so all the dreams
you have but based on these things and i
never know that I was I would I would be
jumping to the internet time and when I
drop at the internet time when I started
my career are the 1995 I study internet
China and terrible years for four years
made a lot of mistakes and you know
stupid mistakes and popular and all in a
wrong way 1999 was when I started
Alibaba I told my team that we may not
succeed but somebody will and we I never
know and we never realized after 18
years we can achieve that much so if it
is your your
dream you can never go for if it is a
group stream I can go further so I make
our ally puppetry not my dream is a
dream of 18 founders later it become a
dream today become a dream of 60,000
people and we make the dream trailer
making sure that everybody we will try
our dream is to enable everybody can
realize their intrapreneur dreams
through the internet so young people
remember don’t worry about it you know
you know is that a silly dream no if you
really believe it it’s a it’s a great
dream so believe something that you’re
really passionate about don’t believe it
because the other people think it is
important I never think when most people
like it I don’t like it when most people
don’t like it I will think about it this
is that you’ll make yourself unique you
are you and doing business is about do
anything is bad be because you are so
unique there about seven billion people
in the world but there’s only one you
that’s worth it yeah so dr. MA a lot of
young people and a lot of students have
a hard time sort of sticking to their
dreams so after one failed class or one
failed acting audition they immediately
get discouraged so what advice can you
give the young people so that they can
continue sticking towards their dream
even in spite of all the obstacles yeah
one thing where you have a dream you
have to sing one thing the dream is
great the thing behind the dream is
tough right so when you want to dreams
that you have to ask yourself what you
want to sacrifice not say I want to do
anything to get my dream but you know
what are the things you want really want
to do you have a failure your mistakes
people don’t like to you people don’t
team with you and all the stuffs when
you have a dream you have to think the
backside of the dream very clearly so
everybody asked yourself
what do you have right and what do you
want a very important what will you give
up if you don’t think about what will
give up you will not have what you have
so when I start my business I know
internet 90 95 99 that 9 9 90s nobody
believed Internet in China what happened
so if I want to sell my products I know
today as a salesman I go out 10 people
if I talk to 10 business people 10
business people always say know why
people want to help you people say help
me why people should help you people
help you that is extremely your lucky
people don’t help you it’s very common
so when you go out nobody nobody have a
deal with you you say yeah I’m right
nobody do with this if you got a 1 deal
you should be honored extremely happy
because you’re actually a coronary so
don’t be discouraged when people don’t
help you why people should help you
you should have earned the right to be
helped right this is so when you have a
dream you have asked what other things
you want to pay for the trees so that’s
a very interesting perspective doctor my
really understanding what you’re willing
to give up now we want to talk about
this role model that you’ve always often
taught them rather often talked about in
a lot of your interviews Forrest Gump
often times you cite this quote from
that from that movie life is a box of
chocolates but with that we wanted to
know more about how you stumbled upon
Forrest Gump and what kind of what kind
of different perspective in the world
has watching that movie given to you
yeah that’s a very interesting question
the day I watch the for scam was in
France home in Seattle and that week was
my most frustrating
dismay period I was so upset I was
cheated too by my friends and I felt
like five projects all failed
so I almost to say well you know cuz
the people I work with they are very
smart and we know that internet was not
easy 1995 1996 907 but when we do not
realize it’s so tough then I was
happened to be in Seattle in my friend’s
home and he had a video the Forrest Gump
with watch that that evening and I I
watched the movie I they we have to stay
foolish with our dream don’t think we
are smart we had to stay foolish with
our dreams and we have to continue be
simple like Forrest Gump is a very
simple he’s not smart guy it continued
it to running round Ryan he thinks that
he said nobody you know he will only
want to make business been affirmed but
catches shrinks a lot of people want to
make visited make money by catching
wills shocks you know you gotta do
business who was a big companies so I
thought that time yes he’s right we
should serve normal people we should
catch shrimps we should have supporting
small business so be simple stay foolish
and no matter what you know say just to
continue and do not complain others only
complete or self-checking what’s the
problem with me did I change myself
later I found a lot of people fail
because when they fail they always
complain about the others that’s his
fault that’s that problem that that
problem and only those people always
check their own problems these people
survive these people succeed for years
for path 8 18 years
I don’t think Alibaba may complain a lot
if you complain you have to have a
solution if there’s no solution for
that’s it so in the movie forrest gump
you talked about the shrimp right there
were basically days before they finally
caught that big hall of shrimp
so first had to go through a lot of
failure before he got success with that
you’ve always said the young people that
they should be able to learn more from
their failures rather than their
successes what do you think the types of
failures young people make that they
should learn the most from oh yeah let
me tell you that one day I was reading
of reading that a biography of general
in the set of the Second World War and I
feel impressed not is how much victories
successful battlefield that he achieved
I think you know if I were better if I
was a young man at that time I could do
better but I was impressed by how many
suffers the terrible experience that he
survived that surprised me the grand the
grand grandfather always tell us you
know jack I’ve been doing that much I
made a lot of mistakes I still surviving
I said Wow
but if he say you know I’ve been
achieved that much and say hey you know
if I were your age ever at that time I
could do better so people will feel
proud when the day when you tell your
grandson about how much tough days you
have gone through I think one day I
share with my kids my grandchildren how
much Alibaba have gone through the tough
days the mistakes doing business they
just like that go to the battlefield the
survivor wings no matter how brief you
are you’re dead people forget again
within three days but if you survive you
always have chance and go to battlefield
is that I experienced the soldier know
that held to hit himself
and then fight young soldiers just to go
out to fight there are different of
reasons for sex there are various
reasons too for one person to be
successful but there are almost the same
reasons for people who fail greedy right
round team round too fast with too much
money by the way you will never make big
mistakes ‘we don’t have money right but
people say if I have money I’m gonna do
a big business no no no remember that
all the mistakes the other people made
you were making so you have to learn if
you want to be successful learn the
mistakes the other people learn learn
from the mistake the other people made
not because you will avoid these
mistakes because you know how to face
these mistakes and travels when these
things come we have a lot of our
mistakes we say wow these guys coming
these mystic come how the jicama did how
Bill Gates did it how Obama did it you
know when the tough day comes it’s not
because you can’t avoid it because when
the problem comes how you face it with
great attitude then you succeed yeah dr.
MA other than that I think one time you
also mentioned that giving up is
possibly one of the biggest failures
that the person can do but I think when
it comes to young people often times you
have our crazy dreams and we try to seek
advice from older people or more
experienced people who sometimes tell us
that’s not gonna work or this is how you
make it work how do we make it happen
such that we still continue our dreams
but at the same time we take criticism
but we don’t give up because more often
than not that’s what happens yeah if you
have a crazy dreams don’t talk to your
grandfather
if you have a crazy cream very important
is that you have to find the people
around you well when we invest a company
I want not only looking at the founder I
want to see the people who work with the
founder whether did you believe him if
he is the only person that believing the
dream that’s very dangerous he’s not a
crazy dream is a crazy person but you
have to find a group of people who are
off believe they’re all crazy
something interesting then right because
it’s easy to make one person crazy but
if you make the whole team crazy
something interesting this is what I did
early days of Alibaba I made a speech in
America to talk about the valley mission
and management way of running in an
Internet company that was very early
2001 – there is a guy in American guys
sitting there say this is a crazy guy
Internet at the survive first to make
profit revenue for get back out of a
valley amazing and team working you know
this is all this is all lies he said
you’re crazy I say sir welcome to
Alibaba someday so he came to Alibaba
spent a few days the day when he left he
said Jack I thought you are crazy now I
found a 100 crazy guys in your company
because we believe what we are doing
it’s easy to make you believe but if you
can make a group of team belief and
there if it’s crazy or not but only
testing is the idea if you want to make
a company it sounds crazy your customer
love it if the customer like it your
team like it you know it’s not a crazy
if the custom does not like it do not
like it your team don’t like it
forget about it you have to change
yourself
dude even if you have a crazy ideas
don’t believe you are always right you
have to learn all about by the past 18
years we have changed at least the 18
big major changes we are not the Alibaba
last year every one every year we are
different company right so this is you
have to change all the time
to be sure that we don’t care about it
how the other people say you’re crazy we
care about is this something really
different really make the make the
difference that’s what we care about so
a lot of the students here are young
entrepreneurs themselves and they have a
lot of crazy ideas and they want to make
those ideas happen since you’re the on
that special advisor for young
entrepreneurship and small businesses
what do you think the role of young
entrepreneurs and small businesses are
in the country and help making the
country grow good wave I do you want to
do it the first thing I’d advice I give
you is think about what will you give up
right and next thing I want to give
advice is how many years you want to
reach for that goal a lot of people have
this idea I want to be 16 next mouth or
next year or next week forget about
there’s no such opportunity in this
world that you can succeed next week
there’s no better opportunity that can
sit next a year because young people
most people like the main right 18 years
ago we don’t have money we have
technology we don’t have a relationship
we don’t have any powerful person
supporting us I started my business 18
people we only get the 50,000 us
daughters 18 people together in my
apartment so we don’t have anything and
when I study Alibaba when I said to my
internet business you’re 1995 I started
with two thousand US dollars
follow the money from my relatives in
France now we started but I know one
thing people like us don’t have money
technology don’t have any relationship
or any things we know we wing for the
future I know if I
I started doing 10 years later our wing
and in the 10 years what I would give up
who our partner is what the things will
be differently
how can I live longer and instead of
live happier so the world is very
interesting if you want to live happier
you may live very shot if we want to
live longer life is a very tough you
have to exercise every day right so this
is this is the life balance so young
people when you have a dream you want to
do is think about how many years you
wanted to make this thing happen if you
think it’s about 3 years I can be
successful prepare for 10 years if you
think I have a five year succeed prepare
for 15 years and then if you think 10
years will succeed me succeeded in eight
years
so you should have a long preparation
determination and these are all the
things they have to think about there is
no great opportunity that make you
succeed next to be next Mouse next a
year there’s no such that’s fancy great
idea that’s really crazy
I think I speak for Mikey and everyone
here this might have been 20 of the most
insightful minutes of my life and our
lives so thank you very much for sharing
your knowledge and experience with us
thank you on behalf of everyone
thank you very much so we’ll remember
that to find out what we’re willing to
give up make sure you’re not just IQ but
EQ and lq as well and lastly never ever
stop believing in our dreams so thank
you very much mr. MA for your time and
thank you on behalf of the students of
that assignment thank you very much
[Applause]
hello Jackman
now dr. jack first of all I’d like to
thank dr. Jack for an insightful
discussion earlier we were talking about
a framework that I’ve been doing with
the government for the past so many
years which focuses on money I mean
mentorship money and market the three
most powerful aims in really helping our
micro and small entrepreneurs and I
invited about 50 intrapreneurs here most
of them from the brick and mortar
business a number of them are digital
economy three of them are quite
successful and they will share their
insights and questions with you and I
think the brick and mortar are here
because they’re scared of the changing
landscape the destruction is happening
in way things are happening so I wanted
to ask you do redo the old economy or
the brick and mortar businesses have to
fear that much what is their solution to
preventing themselves from disappearing
yeah I think the the old economy should
not fear but they should have change
immediately the past 20 years internet
technology changed the world but this it
was speed up next 30 years and every
three years it’s just like 30 years so
if you do not start a change it’s going
to be tough it’s going to be really
tough I’m not scaring people because
I’ve been doing that in China for years
telling people that the new business
model so how it just like older days if
you’re using horses and buffaloes too
and the other guy uses electricity you
don’t have channels at all if you are
doing biz
do you think about I design and I make
and I sell called b2c
but the other guys because the new
technology they become consumer to be
consumer to be become see to be they
become a tailor-made they using the
logistic system such as social justice
to network they reach the market a
quicker faster than you are now they
usually internet to find the customers
abroad cross the board they using I
dated technology magic cheaper you don’t
have chance to win so I think please
change quickly it’s not competitor
killing you it’s the future kill you if
you kill yourself and how you can change
embrace the change do not be scared by
technology technology I would say today
is so simple and easy
the only thing spend time on that I
think because your entrepreneur you’re
smart enough if you really sit down
together for three hours deep learning
it would change a lot of people just
don’t like it I I think I don’t it the
world is so dis world is so difficult to
change your successful people people
have a millions of ways to tell you I
succeed yesterday so you guys forget so
let us learn from young people today
technology internet technology are so
simple so easy and most of the internet
companies like us we give you free
technology free services why not try
free young people because we try free
they succeed so I would say don’t be
scared don’t be feared here just go
ahead if you don’t use it it’s just like
last century you refuse to use
electricity it’s gonna be dangerous and
by the way
it only takes about first as three years
you were totally different we talked
about the three M’s one of the three
aims was mentorship LaSalle is a great
school great wonderful school I still
have to get my diploma I studied in
LaSalle but I still should finish one
more subject that’s the irony of all
things and I agree with dr. Maia because
you need EQ more than IQ in a sense all
my life my passion is to help many more
micro entrepreneurs and we discussed the
level of poverty here is the cause for
our drug problem and for us to enable
our small entrepreneurs many of them are
survival entrepreneurs to lift up from
poverty we have to create the next part
of the 2ms which is the money side in
the marketplace
what are you views to enable these
people to cross and be able to access
the money in the market yeah I think
first small business must must have big
dreams and big companies should have
small steps big company always think of
big Yogi’s will fall down big companies
should have small steps every week every
day every year I must reach this money
but small dreams small companies have
big dreams I’m now today serve twenty
customers how can I serve 200 customers
in two years how can I serve 2000
customers what are the ways that I can
serve two thousand customers how can I
make this ten customers who using my
services that be happier healthier and
continue to be we try to make every
customer of my company to be the
advertisers or salespeople of our
company because in this way you have to
make sure your your products good but
the government should build up the
infrastructure of Commerce
what is the infrastructure of Commerce
at the mentorship we should have a lot
of business schools not necessary MBAs
I’m not a particular fan of the
traditional MBA the MBA they make people
sometimes very stupid because business
is you have to be flexible you have to
change yourself to me now it’s it’s not
me it’s not everything can be standard
right so we have the mentorships and we
also have the money reaching market
reaching and also I think the technology
region so what we call is that this
country I cannot see I know a lot about
a fillip thing but when I see over a
hundred million people 99 percent of the
business of this country as small
medium-sized companies we should build
up the infrastructure of supporting
small business making sure that every
small business are able to reach the
money and today it’s impossible to let
the big banks to do it we should use a
new technology to do it which I call
increase of financing KB down by the
internet technology today Alibaba in
China a leap a we serve more than half
billion people young people in China
using mobile phone payment we don’t have
so many credit card system cracker China
people say a jack you know it’s
impossible to the payment in China in
the past 15 years people keep on
criticize us say how can you do payment
online you don’t have a check you don’t
have a credit card system you’d have a
credit system you don’t have enough
banks how can you do great because we
don’t have the check because we don’t
have the credit card system we make the
most advanced payment system in the
world
so Philippine I think you have the
opportunity to make the world the best
tech thing of FinTech in the world
because you have so many mobile phones
you have set more than 7,000 Islands
it’s impossible for banks to have
offices in 7,000 covering everywhere but
mobile phone covering everywhere we
shouldn’t make Philippine a cashless
society when you have cashless society
everyone rich my way Cassius I didn’t
know no corruption and life is easier
totally agree
we have basically the to tell Co guys
here are in a school globe Erik Alberto
smart and PL DP blame them for the slow
honestly honestly it’s unfair to blame
anybody let me see this
where is the opportunity opportunity
exists in the areas most people complain
if you can solve the complaint you have
the chance when we started Alibaba
the speed of Internet in China was
terrible much worse than today’s
Philippine Oh much worse right at that
time not even 3G and but that’s not an
excuse for mobile phone companies to to
let slow speed has slowed it services
faster speed has fastest speed services
but it’s a great opportunity for for the
telecommunication companies to invest
this investment I’ll guarantee you will
get the return back they’re going into
the 4G now so that’s going to speed up
the internet I think it’s this is this
is the opportunity for everybody if the
4G 5g s continue to it’s going to make
the country good make everybody good and
finally will be good before we go to the
students to ask questions I wanted to
just call two successful tech pioneers
Robby Antonio briefly can you ask a
jacket on question
hello morning mr. ma the smartest people
in the world seems to be very divided in
the issue of blockchain technology what
is your current stance towards this I
seem to have research that you’re
predisposed to audit and how does that
conflict with the overarching goal of
China banning ik the exchange in the
technology say that again blockchain
Jane and bitcoins and cryptocurrency
again bitcoins right well I’m I’m a
believer
the blockchain technology and we have a
specific a team in the company ally and
the financing focus on researching on
that because we are believer of
globalization
we’re believer of free trade in the
future the global trade global business
globalization there are a lot of money
transferring what is the safe the way
what is the most efficient way that to
do that so we put a lot of the efforts
on that so I would say let me say this
about technology general wise company
like us we should not have wing our
market by advertising dollars we should
wing our market by innovation Alibaba
should not go get our profit from the
size of the business we should get our
profit from the technology that would be
invested in site we invested heavily
nine years ago study on cloud computing
and big data’s now for financing we
invested heavily on bracha chain but
Bitcoin and this I’m not big fan of that
yet let me say this company like us I
think lastest entry if you have a
technology you want to keep it to
yourself today
in 21st century if you have a technology
the only way to make you powerful is
enable others even enable your
competitors so we Alibaba will spend
billions of dollars on technology and
when we spend the money on the
technology we were making sure this
technology is inclusive to the others so
Brockton technology is the big
investment that we invest in on that but
we as I say we also would love to
partner with others others
okay Robbie basically raised money on
his company called revolution he this is
the first Filipino company who valued it
at 1 billion u.s. dollars or
congratulations to this guy thank you I
have another very successful tech
company your next early ed of surpass
NYX can you ask your question quickly hi
good morning job my question is around
the ewt P initiative that Alibaba has
taken what are the implications of this
for Southeast Asia and I guess more
importantly for traditional businesses
and retailers how should they view the
e/wd be knowing that it can be very
disruptive to their current business
models thank you so much for this
question for you WT PS stands for
electronic world trade platform a lot of
people don’t like globalization
I think globalization did a fantastic
job in a past of 30 years they pop up
the global trade but it’s a growing pain
it’s a stew a baby only 30 years old the
thing the problem is that it benefit 20%
of the development of countries 80% of
developing countries don’t have chance
young people don’t have chance the
globalization the past of 30 years was
controlled by 60,000 big companies we
think should Elise the 16 million or 30
million or 60 million small business
young people should be able to sell
small business like anybody sitting here
intrapreneurs Phillip ping think about
how you can sell your small business
here can sell products to China to
career to Europe as long as your service
is good products good you should be able
to compete with any big companies this
is my belief so ewt P is try to build up
a platform not organizing I feel sorry
for WTO
when you put 200 government ministers in
their one room to agree on something
impossible right but if we put the two
thousand business people in a one room
we can’t agree on something the only
thing we want to do business so II WTP
we work with WTO is this is the 2.0
version of WTO supporting small business
young people that we encouraging every
government to set free trade zones for
small business there are so many free
trader zones in any country but all
these free trade zones are designed for
big companies for small business if you
want to sell things outside the country
the government will never give you 24
hours custom decrees big company can you
cannot so we want a beaut up a process a
platform a way of doing business then
every small business you can global sell
global by global peg global delivery and
global travel and you can have a
marketplaces online and this is what we
believe
I we come here Alibaba come here to fill
up in last night I arrived like a 10
o’clock we had a meeting dinners we had
a meeting until later 12:00 for two
hours discussing how we can build up the
infrastructure of doing business in
Philippine the payment system the
marketplace system the logistics system
when we build up that the purpose is to
making sure these small business can
sell their things to China to the other
part to Malaysia
now the ewt be the first project we
launched is in Malaysia and we hope that
every country in Southeast Asia can join
the e WTP every country have a free
trader zones for small business
entrepreneurs there are a market place
rich their money rich
justic reach mentorship training rich
and IT rich so they can do business this
is what I want anywhere in the world any
young people in any country open a
mobile phone you care all the products
from everywhere in the world and then
get products within 72 hours and this is
the goal that we want to reach in 20
years and ewt today the first example
we’re testing in Malaysia very good so
fast very good so when we have that
model we will bring to Asia any
countries if we are interested in thank
you
and the last year I should from mr.
LaVista the youngest entrepreneur we
have here here he dreamed of putting
solar panels in everybody’s rooftop and
how old are you 20 24 24 just 24 years
old and he’s just finish my University
of Louisville go ahead your mission sir
to use technology to uplift developing
countries is so inspiring and apart from
the slowest internet the Philippines
also has the most expensive electricity
the worst traffic and many other wursts
so I’d like to ask what are your other
ideas
apart from e-commerce and FinTech to
solve developing world problems in
energy infrastructure and agriculture so
end poverty in the developing world
thank you thank you so much well let is
this say this people consider Alibaba is
an e-commerce company first when I eat
carbons company we’re ecommerce enabler
we do not to buy in a cellar ourselves
it’s a first we are different from
Amazon Amazon they buy their sell their
e-commerce we make other we help other
company to be ecommerce second ecommerce
is less than 20% of our business so
Alibaba listed in New York steak stocks
that’s only 20% of our business we ask
eighteen years ago in my apartment our
dream is to survive our dream is to
making sure
Alibaba will survive and be us their
business and today we have six close to
60,000 employees we have so much cash
we’re the greatest technology of the
internet e-commerce we have all the
resources we have what we want
now we want to make more money we think
we should be the engine of innovation of
the world of this century we should be a
company of the century not company of
China of company of Hangzhou which is
using all the resources data’s people we
have to enable the if you want to be
same company of the century you have to
make different so we think we want to
build up using this resources we have to
build up the infrastructure there every
young people every small business every
woman can you leverage this technology
and infrastructure to do business to
culture so this is our dream and this is
a few more excited about our revenue
income a profit income although we have
a good revenue good profit we love the
things we care about the job of
creations we care about the efficacy of
people doing we care about young people
have opportunities we care about women
leadership’s
these things will care about but if you
really ask us what we would do for
sustainable growth growth what’s the
meaning of life is happy and healthy we
think after internet we should making
people that be happy be healthy so happy
and healthy industries something that we
want to do if you want to be healthier
healthy food healthy environment healthy
water healthy air if you want to be
happier you should have the belief
you have the valley you have the dreams
I don’t want make this our company
become a company a machine of making
money and this is how we do it and I to
sustainable growth is that when you are
healthy and happier you can be happy you
can be sustainable and if you want to be
healthy environment water food and
psychological Europe should have a
belief religion culture and education
these are the things that using
technology if we can empower these
things we are the company that are you
proud for working day and night that it
worth it otherwise it does not make any
sense for making more money I cannot
spend out of money this is a tie up I’ve
given by you know I don’t dress like I
don’t wear watch you know rings no that
class I think how much money can say can
only sleep one bad you can only eat have
three dinners it’s so that’s the meaning
of life and this is what we want to do
we have a couple of questions from
students are you ready well you guys
ladies and gentlemen yeah so our
esteemed guest dr. Mann has been most
kind to me agreed to answer some
questions for our students so for the
students please introduce yourself and
tell us your year and major before you
ask your questions okay students hi mr.
Jack Ma I’m a third-year industrial
engineering student my question is what
would you consider to be your biggest
failure in life and what did you learn
from this experience that you can share
to us students the
my biggest mistake that I don’t want to make is the day when I retire the
make is the day when I retire the company claps right this is what I don’t
company claps right this is what I don’t want to see because everybody was sick
want to see because everybody was sick everybody will get out everybody would
everybody will get out everybody would die we’ve been working hard for 18 years
die we’ve been working hard for 18 years at this company won the last 102 years
at this company won the last 102 years so we would never see Alec Alibaba is
so we would never see Alec Alibaba is successful because we’re only 15 18
successful because we’re only 15 18 years there 84 years to go in the last
years there 84 years to go in the last next 80 84 years we may have a hundred
next 80 84 years we may have a hundred times or maybe one minute chance would
times or maybe one minute chance would disappear so my job as a spanner see you
disappear so my job as a spanner see you how can I keep this company growing when
how can I keep this company growing when I retire when I leave this company it
I retire when I leave this company it still continued to grow this is why I
still continued to grow this is why I don’t want when I’m 80 years so 70 years
don’t want when I’m 80 years so 70 years so I’m sitting still working the company
so I’m sitting still working the company I thought I should die and the beaches
I thought I should die and the beaches in the Filipino muffin not into my
in the Filipino muffin not into my office because you don’t want to see an
office because you don’t want to see an older guy is sitting 18 years so stupid
older guy is sitting 18 years so stupid the chairman that won’t work so every
the chairman that won’t work so every day I’m thinking about is what if I
day I’m thinking about is what if I leave the company the company gonna
leave the company the company gonna continue to grow and if I cannot make
continue to grow and if I cannot make that thing happen this is the Miss
that thing happen this is the Miss bixton mistake then I would make and a
bixton mistake then I would make and a lot of mistakes I do is that I can share
lot of mistakes I do is that I can share a lot of idea the day when I retire May
a lot of idea the day when I retire May 5 if I’m a good at the writing I would
5 if I’m a good at the writing I would write a lollipop up 1000 were mistakes
write a lollipop up 1000 were mistakes any mistakes or for example when you
any mistakes or for example when you have when you raise money a lot of
have when you raise money a lot of people in the Richmond the first thing
people in the Richmond the first thing they were they were looking for a fancy
they were they were looking for a fancy office building and decorated
office building and decorated wonderfully and stacked high great
wonderfully and stacked high great people especially high people from
people especially high people from multinationals that’s a big mistake I’ve
multinationals that’s a big mistake I’ve made when I when I have the first a
made when I when I have the first a five-minute US dollar foundation I start
five-minute US dollar foundation I start hi people who used to work in the vice
hi people who used to work in the vice president of big companies well when
president of big companies well when they came the destroy us because when
they came the destroy us because when you attract them you borrow a Boeing 747
you attract them you borrow a Boeing 747 engine putting inside you’re going to
engine putting inside you’re going to destroy your tractor
destroy your tractor you should not find the best of people
you should not find the best of people you should find right people and working
you should find right people and working them develop with them make your team
them develop with them make your team the best of people there’s no best
the best of people there’s no best people in the market the best people is
people in the market the best people is always in your own company that’s the
always in your own company that’s the mistake I learned and I wanna share with
mistake I learned and I wanna share with you thank you next okay hello good
you thank you next okay hello good morning my name is Fallon Lefou I’m a
morning my name is Fallon Lefou I’m a third year entrepreneurship student
third year entrepreneurship student firstly welcome to our University and
firstly welcome to our University and thank you for visiting us my question is
thank you for visiting us my question is based on your experiences what are the
based on your experiences what are the friendships that enjoy time in the ups
friendships that enjoy time in the ups and downs in life
likewise my question is based on your experiences what are the friendships
experiences what are the friendships that enjoy time and the ups and downs in
that enjoy time and the ups and downs in life okay the friendships right well I
life okay the friendships right well I think this thing that makes me go
think this thing that makes me go through all the tough days are the
through all the tough days are the friendships they let me see in this way
friendships they let me see in this way I don’t invite any of my friends join my
I don’t invite any of my friends join my company from the first day but when they
company from the first day but when they join my company I make friends with them
join my company I make friends with them this is a vizag if you don’t invite your
this is a vizag if you don’t invite your best friend to form a company with you
best friend to form a company with you don’t totally we don’t I see so many
don’t totally we don’t I see so many tragedies there are cases may succeed
tragedies there are cases may succeed but most possibly you fail it’s better
but most possibly you fail it’s better to make friends when they join the
to make friends when they join the company
company treat them but when the company’s that
treat them but when the company’s that big you cannot make friends with anybody
big you cannot make friends with anybody we can make colleague friends with that
we can make colleague friends with that so friends makes when I’m in trouble I
so friends makes when I’m in trouble I talk to them I talked to my I talked to
talk to them I talked to my I talked to my friend are my colleagues
my friend are my colleagues troubles even to today early days
troubles even to today early days whatever problems I have the company
whatever problems I have the company have I tell them openly for our trust
have I tell them openly for our trust them right what’s the wrong we don’t
them right what’s the wrong we don’t we’re gonna run out of money in weeks
we’re gonna run out of money in weeks so what I’m gonna do though shop them by
so what I’m gonna do though shop them by problems so friendship means based on
problems so friendship means based on trust my team trusted me and I trust
trust my team trusted me and I trust them I know my team can’t do better than
them I know my team can’t do better than I do than I am and I know they can
I do than I am and I know they can survive they will they when they are in
survive they will they when they are in trouble I spent time with done when I’m
trouble I spent time with done when I’m trouble I found many of my friends came
trouble I found many of my friends came to talk to me they helped me yeah
to talk to me they helped me yeah friendship well the difference between
friendship well the difference between as let me take this business is about a
as let me take this business is about a friendship beauty friendship is about
friendship beauty friendship is about trust a building where you don’t have
trust a building where you don’t have friends you don’t business we don’t have
friends you don’t business we don’t have trust you don’t have friends that’s all
trust you don’t have friends that’s all the things very simple thank you thank
the things very simple thank you thank you thank you very much next students
you thank you very much next students okay
[Music] so hello dr. Jack good day I’m Gio and I
so hello dr. Jack good day I’m Gio and I am a third year psychology majors too
am a third year psychology majors too then so and here’s my question so the
then so and here’s my question so the plan today is that there are many young
plan today is that there are many young people who do things simultaneously
people who do things simultaneously so there are they have their full-time
so there are they have their full-time jobs while doing their studies or doing
jobs while doing their studies or doing part-time work well there are others who
part-time work well there are others who also wanted to pursue their plants our
also wanted to pursue their plants our passion in doing business in open up
passion in doing business in open up their businesses so in the perspective
their businesses so in the perspective of prioritization what advice can you
of prioritization what advice can you give to these young people who wanted to
give to these young people who wanted to pursue their dream of doing business
pursue their dream of doing business while doing these other tasks I say that
while doing these other tasks I say that again
again make it simple okay so given that the
make it simple okay so given that the young people of today have a lot of
young people of today have a lot of things that they were really wanted to
things that they were really wanted to do what advice can you give to the young
do what advice can you give to the young people of the day in terms of
people of the day in terms of prioritization what advice can you give
prioritization what advice can you give today alright that’s good first let me
today alright that’s good first let me say a young people have a lot of things
say a young people have a lot of things to do he wants to do loud thing is
to do he wants to do loud thing is better than the young people who is
better than the young people who is there anything you want to do lot of
there anything you want to do lot of things you want to do at least you have
things you want to do at least you have hope I like these kind of people but you
hope I like these kind of people but you have to focus on the things and how to
have to focus on the things and how to folks what’s the payara to my way it’s
folks what’s the payara to my way it’s not maybe not correct you have to pick
not maybe not correct you have to pick up the things that you are really
up the things that you are really passionate about you love to do it where
passionate about you love to do it where you do business you have to do things
you do business you have to do things you believe in you love to do it if
you believe in you love to do it if you’re not like it you don’t like it you
you’re not like it you don’t like it you cannot sustain so you love it and you
cannot sustain so you love it and you have a passion about it this is my
have a passion about it this is my priority do not a pick up the thing that
priority do not a pick up the thing that is important or your father said it’s
is important or your father said it’s important you don’t think so okay go
important you don’t think so okay go nowhere so priority to me is when you
nowhere so priority to me is when you are tiny pick up the things you you love
are tiny pick up the things you you love you’re good at
you’re good at you know that I can last long don’t pick
you know that I can last long don’t pick up things that is a big that will never
up things that is a big that will never last long and the other people think is
last long and the other people think is big so this is something that hours and
big so this is something that hours and by the way the pirate oratory of your
by the way the pirate oratory of your choice of to weather study or work are
choice of to weather study or work are the same learning when you do the
the same learning when you do the business you learn from the business
business you learn from the business where school you have to put the all the
where school you have to put the all the knowledge into practice I a lot of
knowledge into practice I a lot of people wonder why will will leave the
people wonder why will will leave the school without a getting a degree and
school without a getting a degree and then go to go to do business be
then go to go to do business be entrepreneur they say Bill Gates succeed
entrepreneur they say Bill Gates succeed we do not the finishes school in Harvard
we do not the finishes school in Harvard there is only one Bill Gates don’t do
there is only one Bill Gates don’t do that right
that right today it’s much easier your school in
today it’s much easier your school in the daytime in the evening open the shop
the daytime in the evening open the shop online and by yourself step to learn
online and by yourself step to learn it’s a great experience
it’s a great experience all join the students units of other
all join the students units of other people all work in a part on the weekend
people all work in a part on the weekend supported this entrepreneur school
supported this entrepreneur school companies be a you know a person their
companies be a you know a person their work in the weekend you learn so sorry I
work in the weekend you learn so sorry I speak a lot today cuz I I don’t think we
speak a lot today cuz I I don’t think we can speak every year but I want to tell
can speak every year but I want to tell something that is helpful when you have
something that is helpful when you have 20 to 30 years old
20 to 30 years old please find a good boss a good boss is
please find a good boss a good boss is better than a good company a good pass
better than a good company a good pass with discipline you train you develop
with discipline you train you develop you when you have 30 to 40 years old try
you when you have 30 to 40 years old try to do something if you really want to do
to do something if you really want to do something yourself try to do it from 30
something yourself try to do it from 30 to 40 when you’re 40 to 50 years old do
to 40 when you’re 40 to 50 years old do something you are good at don’t do
something you are good at don’t do something you don’t know anything about
something you don’t know anything about but when you’re 50 to 60 years old focus
but when you’re 50 to 60 years old focus on helping young people we’re six over
on helping young people we’re six over 60 years old spent out with your
60 years old spent out with your grandchildren
grandchildren 80% of rocket not everybody but most
80% of rocket not everybody but most people doing that Jack there’s an
people doing that Jack there’s an interpreter here the the woman
interpreter here the the woman intrapreneur a serial entrepreneur her
intrapreneur a serial entrepreneur her name is Maya Villanueva milah you had a
name is Maya Villanueva milah you had a question for jack is there a mic
question for jack is there a mic microphone and after this we have two
microphone and after this we have two questions left for the students so
questions left for the students so please prepare I could good morning dr.
please prepare I could good morning dr. mark your friend masses son has raised
mark your friend masses son has raised and is deploying a hundred billion
and is deploying a hundred billion dollar vision fund around companies
dollar vision fund around companies deploying the power of AI and the
deploying the power of AI and the Internet of Things and talks about
Internet of Things and talks about singularity I wanted to know whether you
singularity I wanted to know whether you agree with him you talked about it and
agree with him you talked about it and what are your thoughts around the area
but on a light yeah I think in turn of the things of the future and artificial
the things of the future and artificial intelligence is such a hot topic this is
intelligence is such a hot topic this is something different from the American
something different from the American Way of artificial I don’t think
Way of artificial I don’t think artificial intelligence is a great is a
artificial intelligence is a great is a good word proper word I believe it’s
good word proper word I believe it’s called a machine intelligence I don’t I
called a machine intelligence I don’t I think human being have wisdoms machine
think human being have wisdoms machine have intelligence an animal have
have intelligence an animal have instinct today the artificial
instinct today the artificial intelligence is trying to make machine
intelligence is trying to make machine think like a people human being human
think like a people human being human beings only know 80% of their brains and
beings only know 80% of their brains and how can you make machine to learn from
how can you make machine to learn from the 80% and for example when we judge
the 80% and for example when we judge people using human eyes we’re taking
people using human eyes we’re taking pictures way we analyze why machine
pictures way we analyze why machine should I take the picture analyze that
should I take the picture analyze that human being machine should have as a
human being machine should have as a machine ways so I think today artificial
machine ways so I think today artificial intelligence in the
intelligence in the yes it’s good direction but the wrong
yes it’s good direction but the wrong way and Alibaba focus on machine
way and Alibaba focus on machine intelligence machine should do things
intelligence machine should do things that human being cannot do well machine
that human being cannot do well machine should learn like a human beings a
should learn like a human beings a machine will never be able to think like
machine will never be able to think like human being human beings have the belief
human being human beings have the belief that the religion had the valley machine
that the religion had the valley machine mean I have so what I would say is that
mean I have so what I would say is that all the University a special primary
all the University a special primary school king of schools we have to be
school king of schools we have to be very careful the way we teach to
very careful the way we teach to delegates today will may make our kids
delegates today will may make our kids 30 years later cannot find the jobs
30 years later cannot find the jobs because machine are much smarter than
because machine are much smarter than human beings they can calculate it
human beings they can calculate it faster
faster remember faster so if we teach our kids
remember faster so if we teach our kids the way we taught in the past of 100
the way we taught in the past of 100 years
years our kids will not find the jobs next 30
our kids will not find the jobs next 30 years because machine would take a lot
years because machine would take a lot of jobs of us what other things the
of jobs of us what other things the machine can never do this is something
machine can never do this is something the education system every country
the education system every country should pay attention to that so this is
should pay attention to that so this is what am i view about artificial
what am i view about artificial intelligence and because of the Technic
intelligence and because of the Technic technology everything most of the
technology everything most of the internet of the things it’s going to be
internet of the things it’s going to be made Internet everything will be
made Internet everything will be connected to internet ok I’m sorry we
connected to internet ok I’m sorry we only have yet one I’m sorry one question
only have yet one I’m sorry one question one final question from the students and
one final question from the students and ok and this will be the last question
ok and this will be the last question I’m sorry we don’t have much time so
I’m sorry we don’t have much time so thank you so hi dr. MA I am Joe Lockett
thank you so hi dr. MA I am Joe Lockett RN third-year industrial engineering
RN third-year industrial engineering from the Conway College of Engineering
from the Conway College of Engineering so my question is what is the one global
so my question is what is the one global issue that you are personally passionate
issue that you are personally passionate in solving yeah
in solving yeah the global issue that the current center
the global issue that the current center made their lot but I think as I say
made their lot but I think as I say sustainable growth that every young
sustainable growth that every young people should have opportunities and how
people should have opportunities and how can we have the young people
can we have the young people opportunities we should enable them by
opportunities we should enable them by technology and we
technology and we should change the education system
should change the education system improve the education system this is
improve the education system this is something worried to me if we check do
something worried to me if we check do anything to control or improve the
anything to control or improve the environment but the way we teach kids
environment but the way we teach kids young people are the same way we don’t
young people are the same way we don’t in industrial time or go nowhere
in industrial time or go nowhere so the thing I concern most is about
so the thing I concern most is about education we are ok now if we do not
education we are ok now if we do not know enough knowledge about what caused
know enough knowledge about what caused the environment problem what caused the
the environment problem what caused the ink now inclusive problems so these the
ink now inclusive problems so these the things that we teach our kids the
things that we teach our kids the education systems that is the priority
education systems that is the priority because I was trained to be a high
because I was trained to be a high school teacher I think a good education
school teacher I think a good education system I mean finally I’m the thank you
system I mean finally I’m the thank you I’m very honored to be given the
I’m very honored to be given the doctoral degree but I was considered to
doctoral degree but I was considered to be a bad student
primary school I never passed examination for Kia primary school never
examination for Kia primary school never got good middle school never got ice
got good middle school never got ice Paris
Paris I try to three years for entering a
I try to three years for entering a university in Hangzhou and never be the
university in Hangzhou and never be the top ten students of my class traditional
top ten students of my class traditional way of Education I was considered being
way of Education I was considered being a failure a loser but the way we do so
a failure a loser but the way we do so what are the things something that we
what are the things something that we can do for the future this is something
can do for the future this is something that I’m thinking a lot about that this
that I’m thinking a lot about that this is something concerning me when we have
is something concerning me when we have a good education system when we train
a good education system when we train our kids better our kids would not make
our kids better our kids would not make the mistakes that our ancestors and our
the mistakes that our ancestors and our generation have made it’s something that
generation have made it’s something that I conserve I want to really want to put
I conserve I want to really want to put efforts on that okay thank you very much
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