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Alibaba IPO: Jack Ma's Original Sales Pitch in 1999

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Sept. 8 (Bloomberg) -- In this clip from 1999, Jack Ma delivers a speech to 17 friends in his apartment to introduce Alibaba and lay out his plan to compete with U.S. internet titans. For more, check out "Crocodile in the Yangtze: The Alibaba Story," premiering on Bloomberg Television Monday Sept. 8 at 9pm EDT. -- Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.
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Text Comments (269)
MD Sadaquat hussain (3 hours ago)
We can just break each and every sentence of the speech and every sentence will be better than the other sentence.😊how can someone have that great vision
lapan gomok (7 hours ago)
Holishit. Jack Ma is my new idol
Juan Ramón Silva (7 hours ago)
It's not the words it's the spirit and the energy.
Cuewars Taner (17 hours ago)
you know what? he reminds me of my goal, my dream. When I was 16 or 18, I only knew HID products like Taobao and Alipay(Taobao is like Ebay and Alipay is like Paypal) And now, there so many services THEY provide, like what I am using now, the Aliyun, or Alibaba-Cloud
Planet SA tours (22 hours ago)
Jack Ma is a vissionary
Yuzhen Wang (1 day ago)
马爸爸 当年就有这等觉悟 我亲爸爸 那年还在十四冶当临时电工 我还那是只有8岁 家里人也没人想到第二年 原本平静地生活会被2000年的下岗打破 全家回到农村呆了10几年 人要改变 先变的得是思想
wz Z (1 day ago)
Jack Ma, legendary charismatic leader + Joe Tsai, best “second in command” guy+ Masayoshi Son, Angel Investor= success of Alibaba
Ray Mak (1 day ago)
Even back then, he was so clear and so passionate
Danny Sullivan (1 day ago)
The Red Dragon awakens
Gosyorenta (1 day ago)
I love seeing on process more than just seeing on somebody succeed on the top. It's give us more in my opinion.
66 6 (1 day ago)
In 1999, China were incredible poor, and he still saw the future!
God (1 day ago)
yusuf Tuna (1 day ago)
Such a great and inspirational man
Jignesh Kharwa (1 day ago)
Guy with spec look like kim jong at 1:12
Fran Cky (1 day ago)
20 years later and Jack still have the same fighting spirit👏👏👏
Steven Lee (3 days ago)
Find a great idea within your capability
314asaable (3 days ago)
I watched this several times and I keep coming back to it from time to time ..
robert lee (2 days ago)
See you again in 2019
Lau Thomas (7 days ago)
刘晟 (7 days ago)
A legend
Sean Song (10 days ago)
He looks a lot better when young. :)
kiran gurung (10 days ago)
Nyt Properties (21 days ago)
inspiring great video post
Gary Maximus (1 month ago)
Those were the days ,nobody even heard about Google yet....
Thu (1 month ago)
right thing in 1999, it's should is a vision under 2016. Now stage is the time must limit global trade in goods. domestic production for every average countries is right way now. just globalization on technology, importing and exporting component parts for manufacturing.
Gao Haiwang (2 months ago)
abdulkadir aadan (2 months ago)
Ram Jajal (2 months ago)
Im from Vietnam and this video makes me cried
Steve Chaszar (3 months ago)
we are one
tarun sk (3 months ago)
He made his team see the bigger idea, the bigger goal. They were not just another company. They were competing against the best of Silicon Valley.
Rudra Biswas (3 months ago)
I can hear this one 10 times a day ,so much spirit !!!!
Ken (3 months ago)
What's he talking about when he said they will have to 'pay a painful price in the next 3-5 years'? Is he talking about the dot com bubble?
水昆 (3 months ago)
no chance, give up, ugly man
Alex K. (4 months ago)
This guy was 10 years ahead of everyone else in China.
Harry Uy (4 months ago)
dogecoin digger (5 months ago)
Think big!
Trader Jedi (5 months ago)
And the rest is history..
Purpose Creates Impact (5 months ago)
Truly an inspiration. He did not give up.
siyuan li (5 months ago)
Amazing Titicaca (6 months ago)
Wow amazing and totally captivating motivational speech👏👏✌✌
guitarhamster (6 months ago)
America is full of entitled white boys. Chinese minds are definitely smarter
Atasi Bhoumik (6 months ago)
He looks soo hot....
Maur (6 months ago)
anyone knows? how many of those 17 friends that stayed in his side until now?
Maur (5 months ago)
Yikai Ma Yikai Ma really, not a single one isnt billionare?
Yikai Ma (5 months ago)
Maur all of them are billionaires now
EndeavorPioneer (6 months ago)
StockerFinance (6 months ago)
He told the future....
TheRomitz (6 months ago)
Crazy how he predicted the dot com bubble and Yahoo's failure!
Tommy Herman (7 days ago)
He said "Everybody knows the internet is a bubble". Looks like at that time everybody who works around that thing knows that it is already at bubble
WELEH TV (6 months ago)
it seems the other people at the meeting do not believe Jack yet, but now they will not regret it
Captain Planet (6 months ago)
Jack Ma visited Silicon Valley (US where Americans live) then went back to China and started Alibaba. Those here who are ignorant to accept the truth are in denial of life itself. Now we got 50 cent trolls here disrespecting Americans as if the top 10 most valuable companies ‘in the world’ aren’t from US. Don’t bite the hands that feed you! Say what you will but the truth is the truth!!
John Luo (6 months ago)
not silicon valley - he referenced Google
jwang604 (6 months ago)
Wow...I wish I was in that room.
HugeGAMER (6 months ago)
did he just predict the tech bubble???
Yanglin Wu (7 months ago)
what? In 1999, he predicted the dot-com bubble? And the Yahoo failure and Ebay rise?! What a visionary man
Media Appraiser (7 months ago)
it's like he's preparing his men for war.
Alex Shi (5 months ago)
is the world market any less intense than war?
Deez Yusof (7 months ago)
Song (7 months ago)
I wished i had seen this video..
sandeep saggu (7 months ago)
That man there had a vision and he proved it right
ashutoshb (7 months ago)
*HE COULD PREDICT THE .COM BUBBLE.* just see, this speech was made in 1999, 3 years before the crash!
Feldenkrais with Alfons (7 months ago)
“work much much harder than 9 to 5" in Europe at least 10 people would have left the room (with no regrets, never looking back)
Yash RK (2 days ago)
Lets be human nah mate not so soon the majority of China’s GDP contribution comes from manufacturing and trade that comes from USA. Without massive companies like Apple and HP their people won’t have jobs. Also when it comes to the natural resources they require to run their country they take aid from countries like Australia which are close allies of the USA. So we do know China isn’t really a country that can rely on itself. USA on the other has tonnes of massive companies tonnes of natural resources like the number producers of oil.
Gamingsites (3 days ago)
Those lazy fucks
Stone H (3 days ago)
+Lets be human "trying to go there?" They may want to work on overpopulation and pollution before that will happen
Lei Wu (3 days ago)
the average working hours in China is over 50.. many people die of over work.
tokgr0k (9 days ago)
And rightfully so. An overworked society eventually breaks. See USA and Japan for examples, same will happen to China.
MICHAEL CRASH (7 months ago)
He is so fucking terrifying
Satish K (7 months ago)
Emotional presentation at its best. Nice video.
furqon lanang (7 months ago)
China rising, They will konw our greatness whowhowhwoo
Mike Lee (7 months ago)
Doesn't matter where you are in this planet. It's all about the work.
Melvin Jansen (7 months ago)
Where did he learn to talk like that.. communist propaganda training?
kaneda956 (3 months ago)
These ppl arent like us americans.. When it comes to business... They are cutthroat... Exactly why they are successful 9 out of 10 times unlike us.
Daisy June (6 months ago)
You've never had a inspirational person in your life before? They all talk like that; full of confidence and passion. It is nothing communist propaganda. In the end Jack Ma is one of the richest guys in the world now.
Melvin Jansen (6 months ago)
Mustafa Baris Maybe you are even proving my point by saying all Chinese behave this way.
Melvin Jansen (6 months ago)
Mustafa Baris or the rentable bikes
Philipp Blum (7 months ago)
smart man. Currently its the crypto bubble. It will burst, but it will, like the internet, change the world. You also see how china changed. There are more and more companies who cares about quality and customer happiness. Like Alibaba, Xiaomi, Oneplus.
Tommy Herman (7 days ago)
Crypto currency is not going anywhere. Blockchain is the key, all big bank were trying to implement blockchain to their system. Cryptocurrency is blockchain, but blockchain is not cryptocurrency.
NostalgiaGaming (7 months ago)
Pfft they banned all the main stream websites in China and alibaba just took over he was in the right place at the right time.
Shovelware (7 months ago)
GMH2016 holden (7 months ago)
like a tiger
Only successful due to China's protectionist policies that favor Chinese companies over foreign ones. Should be a banned practice under WTO rules.
pussy hunter (7 months ago)
you are totally wrong, ebay and amazon have never been banned in china but they ware beat by alibaba business mode, educated yourself firstly,idiot
hello dixon (7 months ago)
Independence City Motoring You should see James Clerk Maxwell's comment and answers above.
RU5T3Y SH4CKL3F0RD (7 months ago)
Wrong choice of words on the internet 'being a bubble' im sure he didnt mean it like that
Motorrad xyz (7 months ago)
in 1999 he knew yahoo will fail, crazy
Bharathi K Thevar (13 hours ago)
Ebay also
ZL fox (2 months ago)
Lets be human (3 months ago)
he is from illuminati.
ade omara (7 months ago)
Motorrad xyz yeaa ikr?!
Mohammad Arif Anuar (7 months ago)
"yahoo will fall and ebay will rise." :o *take notes to ma financial predictions in 2018*
Rolling Cloud (6 months ago)
thats just an example he gave about the so called internet bubble thing, just saying that maybe a small bubble of the internet dream will burst, but other bubbles will rise because of it, the entire internet will never fail.
igo0di (7 months ago)
This guy will never make it
Alex Shi (5 months ago)
you guys are saying this guy will never make it, what if it turns out hes a famous comedian now? lmfaoo
You should become a full-time comedian. Let's see if non-Asians get your 'jokes'.
Cesar Passmore (5 months ago)
you are nothing
igo0di (7 months ago)
Kaung Zaw Tun Asians are bad at jokes...
Kaung Zaw Tun (7 months ago)
That guy owns 41 billion dollar as of now, how about you?
bedrettin kanlıbıçak (7 months ago)
I am suprised how respectful he is to americans ! That is just pure genius first respect and then take over .
Xochi Pilli (7 months ago)
This man is amazing
Muhammad Ilham (7 months ago)
Truly inspiring
Teen Analyst (7 months ago)
All the people in their room are now rich AF
fat bo (9 days ago)
Not really, If I'm not wrong almost all of them did not want to invest
Ryan Nguyen (11 days ago)
Not all. Convincing friends and relatives happen to be the most difficult task.
Kishan Sri (7 months ago)
Tron trx
Mo Khan (7 months ago)
Thats why he is worth over 40 billion
bryce e (7 months ago)
As an American, I love seeing him use us as a target. I respect that drive and the capitalistic mindset. This is awesome
Bradley Smith (5 days ago)
who said anything about that and why is it a bad thing?
DEVL SLYR (14 days ago)
+cslam0929 yeah right and make chinese language global fuck yall
cslam0929 (3 months ago)
Paul Wu - I am a Chinese. Both United States and China are giants in our world. I believe that if both United States and China cooperate and work with each other, it is going to have a huge potential to make our world a better world.
Paul Wu (4 months ago)
that might have been true some years ago, but not any more.
Rolling Cloud (6 months ago)
well, America is everyone's target, the only super power.
Chubzz Technologies (7 months ago)
Failing and rejection is painful process. Not many people can endure it for long period of time. It takes more then courage and determination to achieve what he'd achieved.
alpo 702 (7 months ago)
Trump 2020 Make America Greater!
alpo 702 (7 months ago)
fuck you, America first.
alpo 702 (7 months ago)
take care of Pakistan first and then we'll talk
Donald John Trump (7 months ago)
India first. Superpower by 2020. Jai Hind
Udeh Ifechukwu Ebenezer (7 months ago)
A T28 (7 months ago)
Best line -If we decide everyone of us can beat 10 of them
Peekaymaja (7 months ago)
Thats powerful
Rohan Yadav (7 months ago)
The way he speaks & demands , I wonder how someone could reject him. He is so passionate about his idea & the company culture. Also said so true about Yahoo's fall.
MyNegativeCreep (7 months ago)
He told 100% the truth about the future lol
sushmita kumar (7 months ago)
Chutiya bloomberge walon.get out
Muyiwa Osifuye (7 months ago)
He said it all... A simple vision and recognition of their present challenges and how to meet their simple goals within a time frame
chinchowpowpook (8 months ago)
I am more interested to know what’s the faith of people who sit there? Are they all millionaires now?
Donald John Trump (7 months ago)
Half of them become alibaba Vice CEO, CFO, CPO, CIO…half of them become to supervisors working in subordinate companies now. 3 of them left completely, like jack's wife, she's counting money in home and take care of family. One dude quitted, has immigrated to overseas.
Glen Maclagan (10 months ago)
I love this video, I just put a link for it on Alibaba Cloud's Facebook Page. When Jack Ma talks about what will be needed to succeed, it's clear what his vision was, and how it's come true!
Finza Soebiakto (11 months ago)
Take over !!!!
Brandon Scientia (11 months ago)
Da Killah (1 year ago)
PandaLivesMatter (1 year ago)
Yuzhen Wang (1 day ago)
挺像的 但是人家是干是实打实的事情的
zs Xie (11 months ago)
PandaLivesMatter 硅谷级别的传销
Juan Manuel (1 year ago)
Spirit of dragon, willing to be in troubles for 3 years, but he know we will put his alibaba in HIg in the world radar
Joe D (1 year ago)
a true visionary man though 99.99% of the people call him nut or crazyman that time
Soul Reaper (1 year ago)
Crazy man...I like him.
lostn65 (1 year ago)
I wish I was in that board meeting. This guy ended up becoming the richest man in China. If I could have just had a 1% stake in the company I wouldn't have to work for the rest of my life.
hello dixon (7 months ago)
lostn65 even Jack Ma is still working today. Knowing your mindset he probably wouldn't include you in that meeting.
LakeSouthTiger (1 year ago)
Alibaba's main share holders: In 1999, Goldman Sachs invested USD 5 M for 50% share, then sold the shares out in 2004 at seven times of the cost; in 2000, Masayoushi gave Alibaba 20 M for 37% share, it is worth 54 B now; a few years later, Gerry Young invested 1 B, reaping 27 B. What does Goldman Sachs think now?

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