He is the executive chairman and founder of Alibaba Group a family of successful Internet-based businesses.
He is the first mainland Chinese entrepreneur to appear on the cover of Forbes.
As of November 2014, he is the richest man in China (Hong Kong not included) and 18th richest person in the world, with an estimated net worth of $24.1 billion according to Forbes.
Here are some of his great advice:
~With regards to your life.
Sooner or later, you’ll regret it if you spend all of your time at work.
I’m always reminding myself that none of us were born in order to work, but instead to enjoy life. We’re here to help make other people’s lives better, and not spend all our time working.
~In your business competition and competitors.
Competition is like a game of chess. If you lose once, you’ll always have another chance to win. And you don’t have to fight about it when you lose the current round.
If your competitor is weaker than you, you should still seem him as an equal. This works the other way, of course: even if you’re opponent is stronger than you, don’t be afraid of him.
A real entrepreneur has no enemies. When you understand this, no one can stop you.
~His Advice to Entrepreneurs and Businessman
Clients are number one. Employees are number two. Shareholders come after both of these categories in importance.
Instead of looking for quick solutions and ready-made schemes, concentrate on establishing stability and promising long-term plans.
Today might be tough, tomorrow might be worse. But the day after will be wonderful.
~When you are Setting up your Own Business.
When you start your own business, this means you’re giving up a stable income, as well as annual bonuses.
On the other hand, your income will be unrestricted, you’ll make use of your time much more effectively, and you won’t have to ask anyone else for permission to do something.
When searching for a partner, you should always look for someone who adds to your abilities and knowledge. You don’t need someone who’s already been successful at anything in particular.
Do your best to make sure your employees come to work every day with smiles on their faces.
~His Advice for Young Generation.
What does real failure mean? It means when you give fighting for what you want.
What does adaptability mean? You’ll understand when you experience failure and disappointment.
What are you obliged to do? You’re obliged to work as hard as you can and be more ambitious than others.
Only fools talk out of their mouths. Intelligent people speak to themselves only in their head; wise people only in their hearts.