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Great advice from Jack
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Words of wisdom from Jack Ma.
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Roger James Hamilton added a new photo to the album: Entrepreneur Inspiration.

Today is 11.11. Welcome to Single’s Day!

Singles Day is now the biggest shopping day in the world. And it was created by one man, Jack Ma, just 8 years ago. In ...the first two minutes of the launch event last night, shoppers from 192 countries swamped Alibaba and bought $2 billion of products at prices of up to 50% off.

Within 15 minutes, the number hit $5 billion with over 325,000 transactions per second. The sale continues on throughout today.

How did Single’s Day start? When Jack Ma looked at the largest tech companies in the west, he saw companies like Amazon and Apple profiting from shopping holidays like Thanksgiving’s Cyber Monday and Christmas - Holidays that weren’t celebrated in China.

Saying “You should learn from your competitor, but never copy. Copy and you die”, in 2009, Jack decided to create his own shopping holiday around “Single’s Day” on 11/11 (a day in China for singles to treat themselves). But instead of copying the retail model, he would make his holiday fully online and fully global, with 50% discounts for a full 24 hours.

That year, he convinced 27 merchants to sell their products on the day for up to 50% off, generating $10 million in sales. Then, each year, he repeated the process while growing sales exponentially:

2009 - $10 million
2010 - $140 million
2011 - $820 million
2012 - $3.0 billion
2013 - $5.8 billion
2014 - $9.3 billion
2015 - $14.3 billion
2016 - $17.8 billion
2017 - ???

Last year's sales was a new world record for sales in a day - 300% more than all Thanksgiving’s Black Friday sales ($2.74 billion) and Cyber Monday sales ($3.07 billion) from ALL US retailers put together - for one company: Jack’s Alibaba.

For one company to generate in one day what this year will be over $20 billion in sales is mind boggling. But it started by one man seeing a challenge and turning it into an opportunity.

If you’re waiting for sales, what event could you create to bring the sales to you?

If you’ve got a challenge, how could you think differently to turn that challenge into an opportunity?

“If opportunity doesn’t knock, build a door.” ~ Milton Berle

And if you feel like joining the sale, visit www.alibaba.com and www.jd.com

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China's Mom-and-Pop Stores Go High-Tech
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Alibaba Group

Convenience stores in China are getting a tech makeover, Alibaba-style, as they look to go online and operate more efficiently.

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As part of the rev-up for the 11.11 Global Shopping Festival, L’Oreal teamed up with Tmall on several cutting-edge technologies to engage with Chinese customers. Check it out: https://alizi.la/2iDBNPw

For over a century, L’Oreal has been a standard-bearer for beauty and glamor. Now, it has also stands out as an early adopter of “New Retail” in China–an i
alizila.com
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275,191 Views
275,191 Views
Entrepreneur Mindset

Name: Jack Ma

Occupation: Entrepreneur/Investor

[ Founder of Alibaba Group, one of the world's largest e-commerce businesses ]

...

Estimated Net worth: US $46.9 billion

Credit: Being Guru

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Jack Ma - one of my favorite entrepreneurs.

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CNBC International

Jack Ma may be one of China's biggest success stories now - but he started from humble beginnings. #TheBraveOnes

Jack Ma is full of wisdom.

I would vote for him as president of the world when the day comes for a one world government.

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South China Morning Post

You've heard of IQ and EQ - but what's LQ, and why's it important? Jack Ma explains. http://sc.mp/2lly06

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2,018,113 Views
CNBC International

Alibaba is the first non-American company to be valued at more than $400 billion. Here's how it got there.

HuMa Supermarket - way ahead of Whole Foods that Amazon will acquire.

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Posted by Jack Ma
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Appeal comes during first US-China Business Leaders Summit co-chaired by Alibaba’s Jack Ma and Blackstone CEO Stephen Schwarzman
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Posted by PJ Entrepreneur
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9,754 Views
PJ Entrepreneur

My friend Jack Ma can not sing as well as he can execute his business ideas.

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Posted by Born Realist
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52,207,865 Views
Born Realist

The Greatest Gift you can give Yourself is the Gift of "Hope"

Jack Ma will Forever be an Inspiration for Millions
For more stories: www.bornrealist.com

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South China Morning Post

'Hire as many women as possible' - Jack Ma shares a secret of Alibaba's success.
More: http://buff.ly/2sTdnbx

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Posted by Jack Ma
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Jack Ma’s net worth surged $2.8 billion overnight as Alibaba Group Holding Ltd. forecast sales growth that topped every analyst’s estimate.

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http://www.weforum.org/ A conversation with Alibaba founder Jack Ma on the future of online trade and globalization - Jack Ma, Executive Chairman, Alibaba Gr...
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