Jack Ma and Alibaba.com
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"For us, the goal has been to build a company that lasts 102 years and a company that changes China. We're only six years old, so while other people may call us a success, we still do not consider ourselves successful yet. We have a long way to go and the intense competition is what keeps us sharp. The success we've had so far has not made us lose our edge."1
- Jack Ma, Founder and CEO of Alibaba.com,
"If there's a company outside of America that can introduce a new business model to the world, it's Alibaba."2
- Masayoshi Son, Founder and CEO of Softbank Corporation3, Japan.
Alibaba strengthened its position as one of the largest Internet companies in China (Refer Exhibit I for Alibaba's businesses). Commenting on the deal, Jack Ma (Ma), Founder, Chairman and CEO of Alibaba said, "With the addition of Yahoo! China to Alibaba.com's business, we're expanding our services to provide a leading search offering to China's Internet users.
1] Chua Chin Hon, "Yahoo! Jack Wants It to be
No.1 in China," www.asiamedia.ucla.edu, April 28, 2006.
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