Good entrepreneurs & companies all have their times of difficulties: Jack Ma

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Good entrepreneurs & companies all have their times of difficulties: Jack Ma

Giving his point of view on the problems and bad times each company goes through, Alibaba chairman Jack Ma said that good entrepreneurs and companies all have their times and difficulties.

Alibaba has always worked toward the goal of “making doing business easy and fun.” Against the backdrop of rising trade protectionism and anti-globalization, Ma said the goal has become even more relevant.

He said the younger generation and new leadership in Alibaba will go straight ahead toward the goal, even after he steps down.

“Good entrepreneurs and companies all have their times of difficulties, and the best companies are often born in difficult times or have gone through such times,” Ma said.

He said business opportunities are still bountiful in the world, such as in Europe, South America, Russia and Africa. China is also furthering its reform and improving the business environment.

“There are still many things that Chinese companies should and can do. They still have many opportunities despite the trade frictions between China and the US,” Ma said.

Ma also stayed confident about the company’s future after announcing his plan of stepping down.

Ma announced in an open letter on Sept 10 that he would retire as the chairman of the board on Sept 10, 2019.

Alibaba’s 20th anniversary, adding that the company CEO Daniel Zhang will take over as the chairman of the board.

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Giving his point of view on the problems and bad times each company goes through, Alibaba chairman Jack Ma said that good entrepreneurs and companies all have their times and difficulties. Alibaba has always worked toward the goal of "making…