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We don't believe the market can be dominated by one company in e-commerce in China - namely Alibaba. The Chinese market is very wide and deep, with a huge population.

Helping doing business easier, we choose the name Alibaba because it is a global company. It is founded in China, but it was created for the world.

Alibaba is an ecosystem that helps small business to grow.

I call Alibaba '1,001 mistakes.' We expanded too fast, and then in the dot-com bubble, we had to have layoffs. By 2002, we had only enough cash to survive for 18 months. We had a lot of free members using our site, and we didn't know how we'd make money. So we developed a product for China exporters to meet U.S. buyers online. This model saved us.

If Alibaba cannot become a Microsoft or Wal-Mart, I will regret it for the rest of my life.

In a couple of years, the Chinese will be seen as regular participants in international industry. Their companies have to report to shareholders as well as to the Chinese authorities. They need to make money, they have to be efficient.

I get the impression that most Chinese entrepreneurs are so focussed on doing what they need to do to succeed in the Chinese market - which is a big enough challenge even for the established players - that nobody is thinking much about the longer run or the bigger global picture.

The Chinese consumer is everybody. It's very simple.

Remember, China is the largest country in the world, so they have the confidence, the capital and resources to create large companies.

I never bought a stock in my life. I don't understand it. To me it is like Chinese.