Alibaba Group Holding Ltd (NYSE:BABA)’s shares are officially available for purchase at a current price of $91.85, but the price might vary significantly as time passes. Jack Ma spoke with CNBC’s team about his company, its values, prerogatives, and future prospects. He said that customers are the main focus of Alibaba Group Holding Ltd (NYSE:BABA), then follow the workers, and only on the third position are the shareholders.
The entrepreneur explained himself that this categorization allowed Alibaba Group Holding Ltd (NYSE:BABA) attain its current status and emerge as a leading company in e-commerce. Thus today’s event did not pressure him from the price’s perspective.
“To me, the price up and down and all, that’s what my people worry about. I worry about whether customers are happy,” stated Jack Ma.
In his view, 80% of the people can follow up and be successful as he does not consider himself much different from the person he was 15 years ago, earning about $20 a month. That is why Jack Ma asks just for trust on the issues of taxation, Alipay and any other future question that might arise along the path. He went through a tough path to get here and accumulated enough knowledge to get it through. As for the way money will be used:
“The instinct of entrepreneur is to try and build the things yourself and I think there are so many things we have to do with our ecosystem. Not only we are helping small business in China, I think small business in Africa, in South-East Asia, in Europe, in the States […] So, I think the money will be spent in there,” said Jack Ma.
Packing all up, Alibaba Group Holding Ltd (NYSE:BABA) grew very fast in China because of its packaging system, that probably wouldn’t have had the same success in the US. However, the company’s website functions like a trading place. Entrepreneurs can find the needed products already off the production line or actual manufacturers that could be willing to quench the demand as a future perspective. Thus Alibaba Group Holding Ltd (NYSE:BABA), besides traffic, gives technology, logistics, and contacts, which taken together are all the mandatory elements of an entrepreneur’s paradise.
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