Yu Minhong: If I had met Jack Ma earlier, I would have been a major shareholder of AlibabaOn April 11, 2016, Yu Minhong, while giving a speech at the Three Gorges University in Yichang, reminisced about the founding of Alibaba by Jack Ma in 1999, his fifth entrepreneurial venture. At the time, Jack Ma was struggling to raise the 500,000 yuan needed to establish the company, while New Oriental, led by Yu Minhong, had 50 million yuan in cash on hand...

In the current era of digitization, the internet not only greatly promotes information dissemination, but also profoundly changes people's living habits, including the way they buy and sell goods. Online trading platforms are in full swing, and a certain fish has attracted a large number of domestic users with its unique charm and functions...