Jack Ma - Views

Views

On November 6, 2007, at a press conference at the Ritz-Carlton Hotel in Hong Kong, called to discuss the highly successful Hong Kong Stock Exchange IPO, when asked whether Alibaba.com was an ethical trading company, Ma responded by announcing to the assembled journalists - and reiterating when queried - that he and his family have "sworn off Shark Fin Soup now and forever" (echoing elite basketballer Yao Ming's famous declaration, which angered Guangzhou's fin traders), which he said was a result of finding out what the problems are. In January 2009, Alibaba Group revised its listing policy and banned the sale of shark fin products on all of its e-commerce platforms.

At the Alibaba.com Annual Shareholders Meeting in May 2009, Ma, who is chairman and non-executive director of the publicly traded arm of the group, encouraged those in attendance, including shareholders, customers and students from two Hong Kong universities, to take matters into their own hands and take action in the form of starting businesses to cope with the economic downturn rather than waiting for government or business to help them. He reminded everyone that the great fortunes of the world were made by people who saw opportunities that others didn't, and he noted that the aftermath of the recent global recession would be no different in terms of exposing new ways of doing business.

At the annual general meeting of shareholders for Alibaba.com in May 2010, Ma announced Alibaba Group will begin in 2010 to earmark 0.3 percent of annual revenue to environmental protection, particularly on water and air quality improvement projects.

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