4/24/2017 JackMaseesdecadesofpainasinternetupendsoldeconomyTheEconomicTimes

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JackMaseesdecadesofpainas
internetupendsoldeconomy
BYBLOOMBERG|UPDATED:APR24,2017,12.51PMIST PostaComment

AlibabaGroupHoldingLtd.Chairman
JackMasaidsocietyshouldpreparefor
decadesofpainastheinternetdisrupts
theeconomy.

Theworldmustchangeeducation
systemsandestablishhowtoworkwith
FutureProofyour robotstohelpsoftentheblowcausedby
enterprisewithNextGen automationandtheinterneteconomy,Ma
UCaaS
saidinaspeechtoanentrepreneurship
conferenceinZhengzhou,China. FifteenyearsagoIgavespeeches200or300
Takingcloudtothenext timesremindingeveryonetheInternetwillimpactall
level industries,butpeopledidntlistenbecauseIwasa
Inthenext30years,theworldwillsee
nobody,"JackMasaid.
muchmorepainthanhappiness,Ma
saidofjobdisruptionscausedbythe
KnowMore
internet.Socialconflictsinthenextthree CompanySummary NSE BSE

decadeswillhaveanimpactonallsorts
Like Share Ravindra Parse and 4M others like this. extol
ofindustriesandwalksoflife.

ItwasanunusualspeechfortheAlibabacofounder,whotendstoembracehisroleas
visionaryandextol BSE4.89% thepromiseofthefuture.Heexplainedattheeventthat
Tinsel County at hehadtriedtowarnpeopleintheearlydaysofecommerceitwoulddisrupttraditional
retailersandthelike,butfewlistened.Thistime,hewantstowarnagainsttheimpactof
Hinjawadi - 1/2 BHK newtechnologiessonoonewillbesurprised.
Starts from 31.92 Lacs
FifteenyearsagoIgavespeeches200or300timesremindingeveryonetheInternet
Book your Dream House with Luxury
willimpactallindustries,butpeopledidntlistenbecauseIwasanobody,"hesaid.
Amenities @ Hinjawad in Kohinoor
Tinsel County
MamadethecommentsasAlibaba,Chinaslargestecommerceoperator,spends
quikr.com billionsofdollarstomoveintonewbusinessesfromfilmproductionandvideo
streamingtofinanceandcloudcomputing.TheHangzhoubasedcompany,considered
abarometerofChineseconsumersentiment,islookingtoexpandabroadsincebuying
controlofLazadaGroupSAtoestablishafootholdinSoutheastAsia,potentiallysetting
SPOTLIGHT upaclashwiththelikesofAmazon.comInc.
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4/24/2017 JackMaseesdecadesofpainasinternetupendsoldeconomyTheEconomicTimes

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Carmakerstolaunchhalfa
dozensedansthisyear
AmongthenewmodelsareMarutiSuzuki's
newgenDzire,Hyundai'sallnewXcent,
TataMotors'Tigor,Chevrolet'stheBeat
Essentia,andFord'sfaceliftedAspire.
JLRcutspricesoftwomodelsbyupto
Rs4.08lakhinIndia
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forsmallcars
Ma,52,wasalsocriticalofthetraditionalbankingindustry,sayingthatlendingmustbe
availabletomoremembersofsociety.Thelackofarobustcreditsystemdrivesupthe
costsforeveryone,hesaid.
World'slargestandmost
powerfulwarshipsofalltime
TheChinaEntrepreneurClubeventishosttomanyofthecountrysstartupfounders,
Inthemilitaryworld,nationsseektobuild
butevenhereMagotacelebritysreception.Ashetookthestage,thecrowdsurged
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marvelattheopportunitytotalkwithhim.
Apeekintosevenoftheworld'smost
exquisitelibraries
9factsthatmaketheAK47theworld's
Mawasattimesbrutalinhiscriticismofcompaniesthatwontadapt.Atonepoint,he
favouriteweapon
saidcloudcomputingandartificialintelligenceareessentialforbusinessandif
leadersdontgetthat,theyshouldfindyoungpeopleintheircompaniestoexplainitto
them.Anothertime,hecalledfortraditionalindustriestostopcomplainingaboutthe
internetseffectsontheeconomy.HesaidAlibabacriticsignorethatTaobao,itsmain
onlinemarketplace,hascreatedmillionsofjobs.

Alibabashareshaveoutperformedthisyearonexpectationsitcanwithstandeffortsby
rivalssuchasTencentHoldingsLtd.tocapturedigitaladspendingandmuscleinonits
turf.Thecompanyismovingintountappedruralmarketsandinvestinginnewsources
ofincome,suchasonlinemediaandcloudcomputingoneofitsfastestgrowing
businessesin2016.

Healsowarnedthatlongerlifespansandbetterartificialintelligencewerelikelytolead
tobothaginglaborforcesandfewerjobs.Machinesshouldonlydowhathumans
cannot,hesaid.Onlyinthiswaycanwehavetheopportunitiestokeepmachinesas
workingpartnerswithhumans,ratherthanasreplacements.

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