My advice to the young people 25 years old, make enough mistakes, don't worry You fall you stand up.
You fall, you stand up Enjoy it, I mean, 25 years old
enjoy the show, enjoy the show. From 30 to 40 years old, you have to think very clearly Were you working for yourself if you really want to be entrepreneur. So 40 to 50 think about, how can you focus on things
that you are good at But when you are 50 to 60 years old work for the young people because young people
can do better than you. So rely on them, invest on them
making sure they're good. So 25 years old Don't worry Any mistake is an income,
is a wonderful revenue for you. In the future, it's not about
the competition of knowledge. It's the competition of creativity, it's a competition of imagination, it's a competition of learning, it's a competition of independent thinking. If you think like a machine
the problem will come. In the past 20 years,
we make people like a machine in the next 20 years,
machines will look like people. So in the future
it's not knowledge driven, it's the wisdom driven, it's the experience driven. In the past it's the knowledge driven
and it's the manufacturing driven and in the future
it's the creativity driven. I think next 30 years
the world is going to change a lot. The new technology is going to
change every aspect of the world So this is what we think
the world should be focusing on not only the IQ, EQ but also focus on LQ the Q of Love. Because only when you care for
the others, only when you care for the others that succeed
and are more successful than you are you have the chance. 10 years ago internet was so good when nobody believed internet was so good. Now internet is so tough because
all the smart people go to internet. So you should go to the off ground. I fail for... Funny things like I failed in
a key primary school test for two times and I failed like three times for
the middle school, middle schools. No I tried, there is an examination that
young people if you want to go university you have to take, take the examinations. So I failed three times. When I graduated from university, and before I, you know, for three years I tried
and failed in the universities. So I apply for jobs for 30 times, got rejected. I went for police,
they say “No, you’re not good” I went to even the KFC, when KFC came to China, come to our city - You applied?
- 24 people went for the job 23 people were accepted,
I was the only guy. And we went for the police,
5 people, 4 of them accepted. I was the only guy they're not receiving. So to me, being turned down, rejected Oh, by the way, I told you that I applied
for Harvard for 10 times, rejected. I learned so much
about the Hollywood movies especially the- Forrest Gump - You love Forrest Gump?
- I love Forrest Gump. Why do you like him? Simple. Never give up. People- people thinking he's dumb but he knows what he's doing. And I was very depressed the day... the year 2002 or 2003 in the States I was very depressed when I could not
find out a way for the internet and then I watch the movie
in my friend's home Forrest Gump when I see him I think, "This the guy we should learn from." Believe in what you're doing. Love it whether people like it
or don't like it, be simple. And like the words,
"Life is like a box of chocolates" you never know what you can get, right? I never knew
I would be here talking to you, I never know. But today I made it. I told my people in my apartment 18, 15 years ago "Guys we have to work hard not for ourselves, if we can be successful 80% of the young people
in China can be successful. We don't have a rich father, a powerful uncle,
we don't get one dollar from bank, one cent from government. Just work as a team. I worry about it today, young people,
a lot of young people lose hope, lose vision and start to complain. We also have the same problem,
when I got... It's not a good feeling being
rejected by so many people We also depressed but at least later we find... that the world has a lot of opportunities. How you see the world? How you catch the opportunity? So... and Hollywood
gives me a lot of inspiration. I, at the beginning I never thought... I thought when I was young I said, "Everything is possible". Now I know not everything is possible. When you have something
you have to think about you have to consider about the others,
you have to consider about the customer, society, your employees, the shareholders. There are so many things that I think if you continue
to work hard there's... there's possibility. It's not... if you don't do it nothing is possible. If you try to do it
at least you have the hope. Calm down, there's always a way out. And keep yourself balanced. And meanwhile, don't try to... because business is a compt...
Competition is fun. Business is not a battlefield,
you die or I win Business... even if you die I may not win right? So it's about, it's about fun. - Yeah,
- Tell them the story, and tell them that if Jack... I don't think in this world a lot of people
be rejected more than 30 times If we, you know,
the only thing we never give up, the only thing like,
we’re like Forrest Gump. We keep on fighting,
we keep on changing ourself. We don’t complain. Whether you are
successful or not successful. I find that when people,
when they finish the job, if they make a mistake and they fail, if they always complained to others, this guy will never come back. If the guy only check himself, Yeah. Something wrong with me here,
something wrong with me there. This guy has hope. So many people I talked to
at that time for AliPay, they say "this is the stupidest idea
you have ever got." But I say, "I don't care if it's stupid
or clever as long as people use it" Now we have 800 million people using this AliPay. 1999, year 2000 and even at the Yahoo time a lot of people say, "This Jack is crazy. He's- he's doing something
that we don't understand." And a lot of venture capitals
give you money because there is such
a American model already there. But they say, Alibaba
we don't see this kind of model, right? - They say Jack's crazy
- yeah this is crazy guy I mean I remember
my first time in Time magazine they call me crazy Jack and I, I think crazy is good we are crazy but we're not stupid. We know what we are doing but if everybody agree with me,
if everybody believed my- our idea is good we have no chance. So that's... the money we raised,
we're very thankful. So, when our investors
make a lot of money, I feel proud and honored. Everybody is made unique and different so you must have
a unique and different way. A lot of people today
have a lot of complaints say, "I don't have opportunity." I complained a lot when I was young And suddenly I realized
complaining does not solve any problem where the opportunity always
in the place where people complain there are so many, if there are so many
opportunities in the world in this world because there are so many complaints. If you can solve the complaint,
one of the complaints that’s the opportunity so this is what we- we made I think young people
if my advice is to be an entrepreneur don't be scared of failure, of setbacks and don't give up. When we start the business, we had 18 founders including me 17 of them, most of them my students and most of them... Well, today people think,
these 18 people, the smartest people in China We don't think we were smart. Honestly, we all graduate from
the very poor schools. The only thing we did we were very united,
we all believed in the future, we are all optimistic, and we learn through mistakes, we never give up. If you graduate from famous university please, respect the people who graduate
from the poor schools. Those people like us graduate
from poor universities please respect yourself. We have chance we came today to...now We made so many mistakes people say, "You are lucky"
Yes, we are very lucky. We took only 19 years to today's size But we have gone through
so many tough situations. We made so many mistakes that people cannot even imagine. In probably 19 years, you have gone
through so many tough experiences and that will make you different.
