I was sitting there listening and I forgot I'm going to speak I'm getting so excited when we talk about Innovation it's something that in the past 20 years people say Jack what are you doing I call myself Innovation but most people say you're crazy you are doing something never exist and I I'm very very honored to be invited here today visited the government companies Venture capitalists a lot of entrepreneurs we learn two things first is innovation second is who's the courage to challenge Innovation is everywhere and just like people it's just like a water it's
just like a food it's so natural in the past 70 years for my experience for what we learned that is real people proved one thing even you have nothing you have anything or you don't have anything but if you have brain if your heart you can make everything possible from my understanding brain is the place where you hold the knowledge education training the heart is the place where your heart the wisdom and IQ is the brain and EQ is the heart if you have a strong EQ you may be easy to be successful but people
like you you have a valley you have a friendship you have trust but if you have great IQ it's very difficult for you to fail quickly a lot of people easy to get success but losing very quickly that because they don't have enough IQ when IQ and EQ connected that means when brain and heart connected that is the knowledge and wisdom connected that is called innovation and I believe that if you want to be successful you should have the good EQ if you don't want to feel quickly you should have IQ but if you want
to be respected you should have lq the cue of love today I come here to discuss by Innovation where the idea come from and people say Jack after 19 years and you know pain and Alibaba found in the CEO what what you've got people say you got rich I think the wealth I've got is that I've known and seen met so many great people in the world I remember one story after second World War a grandson asked grandfather grandfather you joined the war so are you a hero in the world the Grandfather said no I'm
not the hero but I have the honor to work with and fight together with all the heroes I'm lucky enough in the past in 19 years I have the honor to meet so many great leaders and make so many great entrepreneurs innovators I think from them I have the honor this is my wealth and today a lot of people say oh young people have no opportunities I think that that thing I've heard for 40 years when I was young I oh I hated Bill Gates because I think Microsoft take all the opportunity IBM article they
take all the opportunity when people start to complain that is the opportunity most people keep on complaining if you can solve the complaining if you've solved the problems and that is the opportunity Innovation is the way to solve anxiety worries unto satisfaction Innovation is for happier life so We Believe through the Innovation you can grasp the opportunity of the grasp the opportunity for success the First Technology Revolution release the physical power of human beings the second technology Revolution release the distance and this is the third technology Revolution release the human brains human beings like uh
prime minister said yes last night we never satisfied with today and the the way to make yourself to change to change yourself to embrace this challenge is called innovation and I would like to say who are those kind of innovation Innovative people who are these kind of people I would say those innovators they look like crazy stupid lazy and evil Liars when we started Alibaba I tell the story about I went to Silicon Valley raising font I talked to over 30 Venture capitalists they say ah crazy Alibaba stupid crazy name and e-commerce in China won't
work because China has no International censorship nor credit card no deliver nothing else so they think it's impossible to make I think Jack you're coming here to to to tell a lie but we believe China has the future we believe internet is going to change the China and at that time e-commerce in America style is only supported big companies We Believe small business and people say small business they don't make money how could you make money from them they're right we say if small business in America e-commerce for big companies helping big companies to cut
the cost we think helping small companies not to teach them how to cut the cost because they know better than you do you should help them how to make the money and washing machine a lot of a lot of things are designed for lazy people where people don't want to wash they have a washing machine people don't want to climb they have the elevators even the iPhone came a lot of Experts of telephone said how could this stupid thing there's no even press buttons when Bell start to sell his telephones a new famous newspaper in
America tell the policeman please arrest that guy because he's cheating the people so Innovation Innovative people are believers most of people seeing is believing people like us we believe and we seal it Innovation innovators they are not one person they are group of people so when you invest in money in somebody you should see do this guy does this guy have followers if you have a group of people who are crazy like him that would be great I remember early 2000 I went to the United States to talk about and make my speech about internet
in the future in China I believe internet population in China will be bigger than the USA people say ah that is not true my reason was very simple China have 1.4 billion people USA have only 300 million people make everybody online you know 300 million right so China has a huge potential for that but one of the guys said Jack what you're talking about internet competition of values and Mission that is crazy and I say sir please come to my company so I came to Hanzo my company spent one week and the day he left
is a jet I know you're crazy but I found 100 people in your companies they're all crazy crazy people don't think they're crazy they take people outside they're crazy so and most of the innovators are not very success people because successful people very difficult to change I never try to convince successful people they will tell you how they succeed they will continue to do this those people who don't succeed they always want to success so one of the reasons why Alibaba succeed 20 years ago we never try to convince those people who are successful we
try to spend time on the people who are 18 years ago 20 years old they are not successful so 20 years later they become successful we become successful that is how we did it now most of the people who buy online they are 35 to 40. 10 20 years ago they only spent two dollars now they spend three thousand dollars that is the difference innovation has nothing to do with the technology technology is just a way to do when we talk about Innovation everybody say ah high technology it's not about that techno innovation everybody can
do it right those people who do not know anything like technology like me we can find those people rely on these people try those people who have the technology in our sight Alibaba said there's a one guy selling shoes 48 inches only and I say how can this guy sell shoes for 48 inches and we find out he's very Innovative because people with 48 inches of feet difficult for him to buy shoes in the shops there's only one on the online and there are a lot of innovative ways those guys design lazy guys you know
they watch TV lying on the sofa so they designed a specific glass that you can lie on the on the sofa watch the Oz TV they sell perfectly and there are also some guys helping people to write letters to say goodbye to boyfriends and girlfriends and write the resign letters to bosses there are a lot of great crazy interesting ideas they are all wonderful sellers and most of the Innovations today I only talk Innovation they think is an idea entrepreneurs make the Innovation reality so we have to share a real entrepreneur have to believe in
the future have to suffer have to be ready for the terrible lives in the future so we think I believe everybody has the ability of innovation but you just don't spend the time to discover that and the lastly very important is the government now we are entering into a new world this world is going to be very complex very disrupted and every technology Revolution caused World problem the First Technology Revolution caused the world war one the second technology Revolution caused World War II now we are in the third technology Revolution we don't we should not
have a third world war but there is a third world war should be the war against poverty disease and environment these are the things that human beings should fight together and work together a government should to lead not to govern the government should Empower and protect the Innovation not control the innovation and I think the best investment for tomorrow is education in the past 20 years we make thank you in the past 20 years we make people like machines next 20 years we will make mushing like a people you like it don't like it we
have to change ourselves this thing is coming how what we should do to change our education systems to teach our kids they can do the things the machine cannot do this is the thing it's concerned to every family and every government should pay attention to that and I think government should also encourage entrepreneurships I really appreciate prime minister yes to talk about entrepreneurship it's the entrepreneurships that make ideas reality Innovation is always going to destroyed of yesterday A lot of people who successful yesterday were not like it so government should know what not to do
let me tell you one story in 19 in 1860s when UK had the first the cars the cars came in automobile coming they destroy a lot of jobs of this Horseman Horsemen at that time are the main jobs of the society these are white collar people they went to the government pushed the government say you should stop this cars because they're going to kill people on the road it's going to destroy the jobs so the government passed a law called red flag bill they do not allow any car drive faster than seven miles seven miles
per hour and they should always follow behind the causes that stopping protect the people for some group of people's interest but destroy the whole industry and the other thing Innovation is interesting and it's also going to stop by a lot of people who don't like it I went to the Museum of basketball you know basketball used to have a basket people threw the ball inside and with a ladder to take the ball out this thing has been last for 18 years and there's one guy said why not cut the bottom and it could be easier
it's a great idea much possible become more competitive but people hate it it's the people who hate it the most were the guy who wears the leather he said I'm losing my job so this is what I want to say people start to worry artificial intelligence robots jobs but don't worry about it human beings are much smarter than machines machine can never control because machine only have chips human beings have their hearts I remember 1995 when I studied Ali or started internet in China there is a big meeting there is a small mean amount 24
people in Beijing in the evening for discussing for three hours there are a lot of experts start to discuss about the internet they think internet is going to destroy this destroy that a lot of worries they think government should control it almost 22 years passed those things rewarded never come up those things we do not worry all came up and I want to say don't worry about the future young people don't worry of the future and don't worry about the the size of the machine I think small business don't worry about because small businesses believe
small is powerful small is beautiful using Innovation small business can compete anybody in the world and this is just like Israel the small is beautiful and small is powerful so my rules is that relying on the young people rely on the small business believe the future be optimistic the world is beautiful today is just a beginning but anything remember this is my philosophy of Life the past 20 years today is difficult tomorrow is much more difficult the day of tomorrow is beautiful most people die tomorrow evening thank you very much foreign [Music] [Music]
