Jack Ma: Fortunately, I started my business 20 years ago

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The annual Alibaba Cloud Conference attracted more than 20,000 participants, and many cloud-based smart IoT and cloud computing developers and entrepreneurs gathered. Jack Ma came to the scene yesterday and said that he would be excited, panicked and moved every time he came here. He said, "Fortunately, I started my business 20 years ago. If I started my business now, I guess I can't compete with these young people at all."

It's hard to get a ticket on site, and the creative smart products are very fresh

Developers from all over the world flocked to the conference, and the tickets for the Yunqi Conference were in high demand. The conference opened 20,000 seats, but it was still difficult to meet the needs of developers from all over the world. The number of applicants exceeded 24,000, so the registration channel was closed 10 days in advance. The reporter finally lined up to enter the venue. The main venue was already full, and the only way to listen to the speeches at the main venue was on the screens outside.

It is reported that 80% of the applicants are under 35 years old. Among the provinces and cities in China, Zhejiang, Shanghai, Jiangsu, Beijing and Guangdong occupy the top five. Five years ago, the protagonists were grassroots webmasters, and yesterday they were mainly developers of smart IoT and cloud computing. "When the Innovation and Entrepreneurship Conference is as hard to get a ticket as an entertainment star's concert, I think this has proved that this is an era for entrepreneurs."

At the scene, reporters saw that many manufacturers who came to the conference brought creative smart products. There are robots that can help you control your home smart home, smart anti-shake spoons developed specifically for Parkinson's patients, with a shock-absorbing device installed at the end of the spoon, which can effectively prevent the spoon from shaking due to hand shaking; 3D printing pens that can stack three-dimensional patterns for children can print three-dimensional animals; weather bottles that are clear on sunny days, turbid on rainy days, and turn into snowflakes on snowy days; baby milk making machines that automatically make milk in 1 second; smart locks that can send family members' door and door information to mobile phones in real time based on fingerprints; robots controlled by brain waves...

Jack Ma: BAT is not three giants, there are still many opportunities for entrepreneurs

In his speech yesterday, Jack Ma frankly said that although everyone now praises the 18 founders of Alibaba as very great, in fact, the 18 founders of Alibaba started their business 16 years ago because they could not find good jobs. "We did not have good diplomas, qualifications or connections. We came together because of our imagination of the future."

"This technological revolution will also last for 50 years. The past 20 years will actually be the 20 years of rapid development of Internet technology. The next 30 years will be the 30 years of how Internet technology is integrated into all aspects of the applied society. These 30 years will be the huge opportunities for real entrepreneurship." Jack Ma believes that the core resource in the new energy era is no longer oil, but data. Data will become the most important means of production and a public resource like water, electricity, and oil. The productivity of the future is computing power and the innovation ability of all entrepreneurs.

"In recent years, the most common comments I have seen online are that BAT has blocked the door to innovation and entrepreneurship in China. With these three mountains, how can we have a chance? Just like 20 years ago, I blamed Bill Gates and IBM for taking away all the opportunities." He said that farmers will not become rich if the landlords in the village are not killed. BAT will continue to develop, but entrepreneurs have opportunities because the entrepreneurial environment, infrastructure, and financing are much better today than 15 years ago. He said that 15 years ago, he went to Silicon Valley to seek financing more than 30 times and found more than 30 companies, but was rejected by all of them. "Today, many people say that it is difficult to raise funds today. Today's financing has never been so easy. In the past, we raised 20 million and became the company with the most financing of the year. Today, I am embarrassed to tell others that I have raised 1 billion US dollars after raising 1 billion yuan."

Ma Yun encouraged entrepreneurs, "Nowadays, I see a lot of creative ideas that I hardly understand. The more I see, the more panicked I get. I remember thinking on my way home one time that I was lucky that I started my business 20 years ago. If I started my business now, I probably wouldn't even know where I am and I wouldn't be able to compete with these young people at all."