To help enterprises
May each year, tens of thousands of investors from around the world will be with a ? the annual Berkshire Hathaway shareholders meeting the hearts of many investors, the
are only separated by one week, at 10:00 on May 7, Grand Hyatt Hotel in Hong Kong also held a general meeting of Buffett-style. Ma and his protagonist is Alibaba (China) Network Technology Co., Ltd. (hereinafter referred to Alibaba HK. 1688). From the shareholders of Alibaba, internal staff, the media and other 300 people to attend the general meeting of shareholders. Among them, including 50 University of Hong Kong college students.
investors, the public close contact, make them more intuitive understanding of the company has always insisted on the 'investment in customers, giving benefits to the SMEs' This investment philosophy.
6, Alibaba Network Technology Co., Ltd. announced first quarter 2009 financial results. Showed a profit, benefiting from the market continue to grow the number of buyers and sellers, market Alibaba two net increase in the total number of paying members for the record, reaching 49,544, compared with the first quarter of 2008, an increase of 47% increased to 481,575. The two markets are the user's first quarter growth hit a 10-year high record.
shareholders meeting with Buffett, as the shareholders of Alibaba in this internal affairs of the General Assembly is not just a meeting for the company, shareholders and public shareholders in the open, you can direct operations against the company, earnings, investment, etc. questions. Although, at the shareholders meeting, shareholders of Alibaba question facing the board, some may be beyond the company's own areas of business topics. However, the shareholders of foreign Alibaba exudes the heat of a very strong influence, as the investment community in an abundance of fertile soil garden.
~ 2, Ma speech shareholders Record:
Ma: Alibaba why the reform has won
shareholders become transparent: and SMEs exchange experiences, share experience
the first time last year I was the general meeting, a client representative said the next general meeting of shareholders can share the experience of doing business. After I made a decision, we must reform the shareholders meeting, I met many, many Hong Kong-listed owner of the company, almost every general meeting of shareholders are complaining about the boss is boring, that is, cast votes and then 20 minutes to say goodbye.
this world many people complain about, but few people take action to carry out reforms, and fewer, so from this year to take action to reform our shareholders, we hope to change Alibaba become shareholders Small world, exchange experiences, share experience, to allow shareholders to more transparent understanding of this company, what kind of investment in a company, especially the Americans, I am concerned of particular concern to investors, Buffett teach you how to vote in the United States money, I Alibaba shareholders want to share with you how to do business, how to hire people to share how people do business in the process of how we deal with difficult, do the exchange for such content. We hope that today's shareholders do try, ten years after the general meeting of shareholders in Hong Kong and Alibaba is not only the General Assembly returns for our shareholders, founded to bring more fun.
So this year is the first time, we just started, I hope that through decades of effort to change Hong Kong-listed company in general meeting's agenda. Ten years later we are able to reach 3 million, 50,000 or even 70,000, 80,000, 10 million young start-up companies to share their experiences.
this will I look forward to a year, I think the founders of the company truly feels about the most important, so I mainly did it last year with what I have compared the cruel decision, why do these cruel decision, the entire future of Alibaba Group, what to do, maybe they do business experience of each person present some thought, reflection, hope that the shareholders of the General Assembly to give us some of oscillation of the memories. Ali
investments should be valued the most value: Customer First
always carry a lot here Alibaba customers and small investors, and these investors are believed to be from small businesses start business is extremely difficult. We need to give yourself hope and confidence. Entrepreneurship in Alibaba, we start 1999, 2000, almost three years prior to 2001 not a penny of that income, to encourage us to carry on I received a lot of customers every day of thanks, because looking Alibaba new customers, because Alibaba has hope and confidence, these letters come to support us now.
Today, I want to communicate with you the content, I, as the company's founder and CEO continue to ask ourselves a question, we have for what these people for what we are, Why did the company exist? These two years we will become increasingly more clear and firm, people continue to do business here you need to know why the do business, what is the purpose of running enterprises. There are many investors here, I want investors to share why you invest in this company, the company's value is, why are there the company, the company's operating philosophy is what I want is always Alibaba implement the customer first, employees second, shareholders third this idea of the company.
listed when I tell customers first, employees second, shareholders third, there is an investor I do not understand, the shareholders listed on the third to do? I said a lot of the world's first company shareholders, the company that you should vote; but that the world has convinced companies like Alibaba customers first, because I believe that the customer has given us money, we create value for our society to contribute to contribute to society, we allow customers to grow up customers pay us money, because the customer's money to make us grow. Shareholders money is not our income to our shareholders of the trust money, so I think your company's purpose is to create value for customers, customers give you money. But the staff is to make these goals a reality into the process, no employees of innovation and hard work can have a good income. Of course, the third shareholder, is a result of the interest of shareholders if the company does not make money, it is not charity, it must make money, if a company does not make money, that company is immoral Ye irresponsible, but a companies to make money while alive, I think this company is not much significance. Alibaba
so constantly reflect on such questions, so many years I am increasingly convinced that the world can have a lot more money than a company Alibaba, but more companies to create more for the community more value, create value for society, so many families and businesses grow increasingly able to make such contributions to the social enterprise world, not many want to do an Ali Baba All of our products and services to numerous small and medium enterprises and numerous small and medium enterprises contribute to the family, while adding Alibaba Alibaba young people because the platform has been growing, of course, shareholders also have to make money. I am not against money, I hope that ten years later Alibaba or even the whole of China is the world's most profitable company, but it is not my purpose, it is just my results. Alibaba
so that the purpose of our existence is to help millions of small and medium enterprises, because I was up from the small and medium enterprises, the first company I have 5 people, we borrowed 2 million dollars, how much we care Because accidentally destroyed tomorrow. Alibaba is the same 18 people in a room decided to create a world to be proud of the company founded by Chinese people, ten years since I have never forgotten this. We adhere to this commitment, it is important that you meant it.
What is the greatest company? Of course, do not make money a company is unethical and irresponsible company, shareholders give you the money is to create value for your employees happy, while a good return. This is the firm belief Alibaba, this faith let us for a decade, they have us go the next decade. Let us leave here today, remember that you invest in a company is customer first, employees second, shareholders third. Many analysts Ye Hao, Ye Hao said you were on Wall Street a little evil this company is a shareholder of the third, I then again the first company in the world a lot of shareholders, you can cast those companies, I do not think the world 6.0 billion or so many shareholders, no one is willing to invest in a company to create value. As first established ten years ago Ali Baba, Ali Baba we feel a little funny, people talk about values, mission, and help others grow and service, this is too idealistic, and I said I do not believe that the entire 1.3 billion people can not find We have the same concept with people, and now we find 1.2 million. MNCs multinational corporations to help them, no one to help their small and medium enterprises, we help the most needy people, because we want to create more companies such as Alibaba. This is my point of view about the opening with you.
the next decade or two if you find that changed the purpose of Alibaba, we will reflect on it to change back.
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