Alibaba was built on empowering small sellers. Temu and Shein now undercut them all. Did you build the platform that made them possible?
I built the river, not the dam — water flows where it needs to flow, and anyone can build a boat on it.
In 2003, eBay came to China with a war chest. They charged listing fees. They charged transaction fees. They treated the market like something to extract from. I made Taobao free. Completely free. For three years, we made zero revenue from ...