【正文】 aid “Jack is telling a lie, because there’s no such network called Internet in 1996.”So one day, later 1996, China was connected to the invited ten media friends to my want to tell them I’m not telling a is a network called waited three hours and a half to see the first – to download the first people said “Is that thing going to work?” And I say “Yeah, it’ll work, but not ten years it’ll work.” But at least it proved that I was not telling a remember when we tried to help our small business to sell want to sell because nobody e to first week we have seven employees, we buy and sell second week somebody start to sell on a buy everything they have two rooms full of things we bought for New Year’s, [all garbage] for the first two order to tell people that it was not 1995 to 1999 we go nowhere, our business, because nothing was 1999 I invited 18 friends of mine who came to my decided to do it call the name people say why Alibaba? We believe Internet is a treasure island which opens sesame for small we used Alibaba because it’s easy to spell, easy to we want to focus on helping small at that time we see [unintelligible 00:04:26] merce [with the] American emerce they focus on helping on big panies, they’re focusing on helping big panies to save the believed China we don’t have a lot of big panies, we have so many small business, and small business it’s so difficult for them to we can using Internet as a technology to help small business it’ll be we start to say if America is good at helping big panies, just like America is good at making basketball we should play pingpong in China, we should help the small we should not helping small guys to save cost, because small business know how to save the cost, but small business should learn how to make our business is focusing helping small business to make money we want to make the pany last for 102 people are curious – why 102 years? Because Alibaba was born in 1999, last year we had – last century we had one year, this century 100 years, next century one across three give a clear goal to any ’t say we are successful, no matter how much money we raised, no matter how much money we make, no matter how much we have ’t forget we want to live 102 , 16 years passed, we have another 86 years to in next 86 years, if any time we die we’re never I heard this club is 108 years old I was surprised and ’s so much we can learn from , today nobody believed that Alibaba could survive, because people say “You are [free], you’re tiny” and, you know, and especially when we talk about – when we IPO’d people say “Ah, you are Alibaba, you are ’re like Amazon.” Because in American point of view Amazon probably is the only business model for no, we are difference between us and Amazon is that we do not buy and sell, but we help small business to buy and have 10 million small business on our site buy and sell every we do not deliver our packages, although – ourselves, though we have more than 2 million people help us to deliver over 30 million packages per do not own warehouses, but we manage tens and thousands of warehouses for other small, medium sized delivery we do not own inventories, but we do have more than 350 million have more than 120 million buyers ing to shop every day on our also, we sell – our revenue last – our sales last year were US$ 390 this year, possibly, we are going to be bigger than Walmart Walmart manage – that size of business have more than million people。s your next? What39。s not only sell more want to make, to globalize the infrastructure of Internet eCommerce grow so fast in China than in the USA? Because the infrastructure of merce in China was too like have [Click] have all the shops offline, Walmart, Kmart, everything in China we have nothing eCommerce in the US is a 39。re shopping online with 72 hours you39。ll give them the 39。ll give them the logistics system so they can do business anywhere easily and we will will have 40 percent of our business outside we only have two percent of our business outside people keep on asking, now you are raised that much 39。s the great opportunity for using the eCommerce for small business to go to the past years we have helped a lot of American farmers selling things to example the Seattle cherries, you will never believe that the ambassador, the American ambassador to China, he came to us say, Jack can you help us to sell the cherries in say how can we sell cherries? The cherries still on the we started place order, 80,000 families booked the when we got the order we ship, we pick up the cherries and ship to China within 24 hours 80,000 families, 160 tons of cherries were last year we sold over 300 tons of I don39。s this year also helped Alaska helped Canada to sell the lobster we sold probably ten years they cannot we also have a lot of American branded panies using our site to the pany, they sold 600 tons of nuts on our site for the first for the first month they39。] make that a shopping year for that day we sold billion US for the first minute shopping we have 24 million people rushed in for the first this year we guess the number was scary, so my purpose ing here that we need more American products to have a hungry 100