Best quotes by Jack Ma on Money

Checkout quotes by Jack Ma on Money

• ‟ I call Alibaba '1,001 mistakes.' We expanded too fast, and then in the dot-com bubble, we had to have layoffs. By 2002, we had only enough cash to survive for 18 months. We had a lot of free members using our site, and we didn't know how we'd make money. So we developed a product for China exporters to meet U.S. buyers online. This model saved us.

  - Jack Ma
  

• ‟ My job is making money, helping other people make money. I am spending money, trying to make sure more people get rich, because you cannot spend a lot of money, right? So my job is spending money, helping others. This is a headache.

  - Jack Ma
  

• ‟ If we work so hard and put all the money in the hospital to buy medicine - it will be a disaster. Why we should work? So without a healthy environment of this Earth, no matter how much money you make, no matter how wonderful you are, you have a bad disaster.

  - Jack Ma
  

• ‟ Spending money is much more difficult than making money.

  - Jack Ma
  

• ‟ My dream was to set up my own e-commerce company. In 1999, I gathered 18 people in my apartment and spoke to them for two hours about my vision. Everyone put their money on the table, and that got us $60,000 to start Alibaba. I wanted to have a global company, so I chose a global name.

  - Jack Ma
  

• ‟ Alibaba spends money on improving the products and services, not on kickbacks. That's a good thing. It's called a value system, and because of that, we get more and more small- to medium-sized companies to support us in China.

  - Jack Ma
  

• ‟ Year 2008 wiped out $19.2 trillion in US income... What if the money was spent on the Midwest of the United States?

  - Jack Ma
  

• ‟ People say, 'Well you know the economy's bad, so China consumption will be low. No, totally different. You Americans love to spend tomorrow's money, and other people's money maybe... We Chinese love to save money.

  - Jack Ma
  

• ‟ IBM, Microsoft, the profit they made was larger than the top four banks in China put together... But where did the money go?

  - Jack Ma
  

• ‟ China is still the fastest growing economy in the world, but we need to learn how to use money in a better way, and it's about quality, not quantity.

  - Jack Ma
  

• ‟ The competition between me and Bill Gates, probably: Who can spend money more effectively that can do better philanthropy.

  - Jack Ma