Jack Ma: Starting Alibaba Was the Biggest Mistake of My Life

Jack Ma: Starting Alibaba Was the Biggest Mistake of My Life
Jun 22, 2016 By eChinacities.com

Jack Ma said in the Economic Forum held in St. Petersburg on Monday that creating Alibaba was the biggest mistake of his life. Ma said that he regrets founding the company because running it takes up all of his time.

"The biggest mistake I’ve made in my life was establishing Alibaba. I did not expect that it would change my life. I just wanted to set up a small company, but it became so big," said Ma.

Ma said that in his next life, he would not go into business. "I would like to be able to travel to any country in the world and spend my time there, I do not want to talk about business. I do not want to work,” he said. Ma said his dream was to build an “electronics corridor” that would support all the companies in the world.

Source: news.youth.cn

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Keywords: Alibaba Economic Forum Jack Ma

7 Comments

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SenseiSteve

Another unhappy millionaire? Boohoo, anyone got a violin? If I was given $1 every time I heard a millionaire complaining I would be a millionaire by now. China is the only place in the world where you can get rich by copying someone else's idea.

Jun 28, 2016 15:19 Report Abuse

alyu76

This is why I teach.

Jun 26, 2016 20:38 Report Abuse

donluis

Jack Ma is a thief, plain and simple. All he did was copy the Ebay business model and call it Alibaba. Now he's fake whining about how he doesn't want to work anymore. Join the club fruitcake! No one wants to work. Everyone wants a lot of money for as little work as possible. I don't get why everyone makes a big deal about him anyway. First, his business only works in China. In other countries you cant sell fakes. Had he tried to start Alibaba in any other country, he would have failed due to the fact that in other countries he wouldn't have been allowed to copy Ebay or sell fakes. Everything he's done, has been done before. Name one thing he's done that was even slightly creative. Exactly. The only thing special about Jack Ma is that he looks like Gollum's twin brother from Lord of the rings. Every time I see him i keep expecting him to whip out his precious!

Jun 23, 2016 13:23 Report Abuse

Guest2239322

What a liar!!! Just admit that you are still greedy. Just sell your company or find some people who can manage it while you are traveling the world!! Who holds you except your greediness!!!!

Jun 23, 2016 09:47 Report Abuse

dom87

boohoo, just sell the company or even present it to some other turd and keep your money and travel (err just buy the whole dawn country)

Jun 23, 2016 09:09 Report Abuse

ndc1988

Give all your money away then.

Jun 22, 2016 14:17 Report Abuse

Guest14480640

Are his words sincere? So he's saying he doesn't want to be a billionaire? I don't believe it.

Jun 22, 2016 13:13 Report Abuse