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Jack Ma, founder of Alibaba Group, is confident that a new era of Chinese globalization begins in Hainan

Jack Ma, Chairman of the China Entrepreneurship Club and founder of the Alibaba Group, turned up in Haikou, Hainan to discuss with entrepreneurs the social responsibility they need to take on in the wake of globalization, digitalization and the epidemic. This is the first time the Green Company Annual Meeting has been held in Hainan, and it is also the first time that so many Chinese Entrepreneurs' Club (CEC) entrepreneurs have come to Hainan collectively.

 

At the meeting, he also expressed a high degree of expectation for Hainan, expressing the hope that Hainan will take on the historic responsibility of exploring a new globalization for the world.

 

Jack Ma said that he has three views on globalization: first, a new true digital era of globalization has just begun; second, the new globalization is driven by China's domestic demand, and China's 1.4 billion people will be the driving force behind the global economy; finally, the new digitalization is the ability to serve the world.

 

Jack Ma believes that the new globalization is very different from the globalization of the past. In the past, globalization has been dominated by developed countries and large enterprises. In the future, the main driving force behind globalization must be developing countries and small and medium-sized enterprises. In the past, trade was the main force of globalization, but in the future technology will gradually become the main force of globalization; in the past, people and goods flowed in a stream; data and services flowed in the future; in the past it was the globalization of traditional enterprises, it was the globalization of enterprises with good Internet technologies.

 

We have the full text of Jack Ma's long speech, but here are the main points that Jack Ma said in Haikou, Hainan: “I think future globalization will be driven by China's domestic demand. In the new round of globalization, China will change from “sell, sell and sell” to “buy, buy and buy”. Globalization was last driven by the consumption of 300 million people in the United States, but in China, domestic demand of 1.4 billion people will be the driving force behind the next round of globalization and will become the driving force behind the world economy. "

 

The historic choice for Hainan to become a free trade port is not just an opportunity for the development of Hainan and not just an opportunity for the development of China, it is an opportunity to take on the historical responsibility of exploring a new globalization for the world. In the past, other countries set the rules of the game in the WTO so that we could participate, but this time, the Hainan Free Trade Port is the Chinese who set the rules of the game and invite the whole world to participate.

 

2020 is special and the future must be a historic watershed; turning Hainan into a free trade port should also be a historic choice; I hope that our CEC meeting in Hainan will also be a post-epidemic meeting After the start of a new globalization, when the digital age begins, we, the CEC entrepreneurs, can create unique value in this story.

 

Yesterday I was in Wuhan and went to Wuhan with more than 30 directors of our CEC. A few months ago it was really difficult to watch Wuhan on TV. When I came to Wuhan this time, I really felt that Wuhan is a heroic city with a heroic character. The epidemic is over, we need to think about how to restore the economy. Economic revival is not a return to yesterday and a return to the past, but for more high level, vision of the future from the epidemic, vision of trends and seizing opportunities.

 

This time I came to Hainan from Wuhan. I don't think this is a coincidence. There seems to be something inevitable. Two years ago, Secretary General Xi Jinping announced a strategy to build the Hainan Free Trade Port and fully reopen it. Two years later, the picture of the world has undergone tremendous changes, but I still believe that we must persist in opening up and continuing to globalize. I believe that all the doors in the world, especially after the epidemic, do not open by themselves. No doors open naturally.

 

Nowadays, insisting on globalization is more important and significant than ever. Hainan is now at the beginning of a new history. The construction of a free trade port is not just an opportunity for the development of Hainan and not just an opportunity for China's economic development; and an opportunity to take on the historic responsibility of exploring a new globalization for the world.

 

I personally think that internationalization and globalization are two different concepts. Internationalization is more focused on Chinese people doing business with foreigners, which is mostly bilateral. Globalization is a serious problem for all countries in the world, and it is a common problem, the original traditional globalization of the industrial age has come to an end. The new true digital era of globalization has just begun.

 

In the past, globalization has been dominated by developed countries and large enterprises. In the future, globalization should include developing countries and small and medium enterprises; in the future, 60 million small and medium enterprises must decide to globalize, this is a new round of globalization driven by China's domestic demand.

 

The Hainan Free Trade Port has its own historical mission and Hainan will play a very important role in history in the future. Suppose we are not satisfied with the rules of the trading game. Today we have an opportunity. Do we have such a mind, such a pattern, such responsibility for the future digital globalization of the world, for more companies, more countries and much more Globalization of many developing countries with the aim of developing fairer, more sustainable and environmentally friendly trade rules. You don't really need to be afraid to go from "sell, sell, sell" to buy, buy, buy. Every time China's door opens, it is a symbol of China's progress. Every time the door opens, China progresses.

 

My opinion about the future is that the long term should be good, the short term should be very difficult, and the medium term should be even more difficult. This is a turbulent period when the plane passes through the clouds, so everyone should hold onto the steering wheel and put on their seat belt, but most importantly, have a perspective for the future. If you've never looked at today, today's difficulties are not difficult. Just look at today and compare with yesterday afternoon, your frustration will get bigger and bigger. Therefore, we must look to the future and use the methods of the future to solve today's problems, instead of using yesterday's methods to solve today's problems. Many people are very optimistic and many are very pessimistic. I think that over-optimism and over-pessimism are caused by not seeing the future clearly.

 

I believe that today, despite the enormous uncertainty, digitalization is evident, and digitalization will definitely completely transform all industries. Not every company needs to transform, but every company needs to modernize and complete a digital upgrade.

 

The next ten years will be the last ten years where traditional industries drive digitalization. In fact, twenty years ago, in many of the provinces I visited, I continued to talk about the impact of the Internet on retail and manufacturing. Everyone didn't take it seriously until Taobao, Tmall, Alibaba and Baidu. After companies like Tencent appeared, everyone suddenly felt the wolf approaching, but in fact, the "wolf" has always been.

 

2020 is destined to be the year that will change history. When we were in Wuhan, our CEC entrepreneurs made the following demands: entrepreneurs are not the same as rich people, and rich people are not are necessarily entrepreneurs. Entrepreneurs are a high-quality asset of a country and nation. When a national crisis is at stake, entrepreneurs don't have to voluntarily give orders and move forward. An epidemic is a sudden disaster and we must take the initiative; entrepreneurs are obliged to rebuild the economy after the epidemic is over. "

 

You can watch hundreds of videos of excursions on the island of Hainan here: https://vk.com/videos-51202698

 

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