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I don't think any foreign Internet company can effectively compete against Chinese companies in the Chinese market. The regulatory environment is so difficult that it's almost impossible for foreigners to have an advantage over locals who have better political connections and who can manipulate the regulatory system much more effectively.

The easier question might be, 'What isn't Alibaba?' The company is only 15 years old, but it has gotten so big over that timeframe that it basically touches every single part of the Chinese economy. I think the simplest comparison to draw is that it is like eBay and Amazon combined.

But I believe in fair trade, and I will tell you, I have many, many friends heading up corporations, and people that do just business in China, they say it's virtually impossible. It's very, very hard to come into China. And yet, we welcome them with open arms.

If you are only big in China, you are only a local Chinese company.

With its population making up one fifth of the world's total, China offers a market with enormous potential.

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

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.

China is an area where we need to be present. Lots of companies want to supply their products to China.

All foreign companies registered in China are Chinese enterprises. Their innovation, production and business operations in China enjoy the same treatment as Chinese enterprises.

The Chinese government still would like to see U.S. Internet companies explore the Chinese market, providing they are willing to abide by Chinese law. I think companies like Facebook should think about the Chinese market.