Alibaba Group Holding Ltd founder Jack Ma and Chief Financial Officer Maggie Wu. [File photo] |
7. More pressure comes after the IPO
Jack Ma said spending the capital raised in the initial public offering efficiently is a question for Alibaba. "It adds more pressure," he said, adding that the money reflects the trust of global investors who want the company to do a better job.
"In 10 years, we will be bigger than Walmart." Jack Ma said his goal is to serve 2 billion consumers and to help 10 million small businesses outside China sell their products through the Internet.
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