The start of Alibaba

This is a great speech from Jack Ma, founder of Alibaba speaking to a group of friends in 1999. Recently, Alibaba shares closed at $93.89 at the largest IPO ever for the US stock market. At $231 billion Alibaba is now worth more than Facebook, Amazon and Ebay. In this short presentation from 1999, Alibaba's CEO Jack Ma outlines his vision of internet and his plans to take on Sillicon Valley. Ma is right about every single thing he says, except the prediction of the IPO date.