Jack Ma shares his wisdom at the WIC

Jack Ma Yun, lead founder and executive chairman of Alibaba Group, said at World's Internet Conference that he credits the success of the company as holding onto the vision for the future.

Positioned as an e-commerce enabler other than an e-commerce company itself, Alibaba has envisioned China's small business to be play an important role in the future economy since its founding 15 years ago and has been choosing to partner with them, said Jack Ma.

The World Internet Conference in Wuzhen, an ancient town in Zhejiang province, has attracted China's Internet tycoons and officials together with foreign cyberspace titans, including participants from Apple, Facebook, Cisco, and China's top three Internet companies, namely search engine Baidu, e-commerce Alibaba, and instant messaging provider Tencent.

The conference, held between Nov 19 and 21, carries the theme "a interconnected world shared and governed by all." It's the first time that China's is holding such a conference.

Talking about fake goods, Jack Ma said only Internet can solve the problem of counterfeit production.

"After some research among fake goods producers in Guangdong and Fujian provinces, you may find that they are now afraid to sell their products on Taobao, as we can track them down easily and report to the police," he said.

When asked about competition between Alibaba and Amazon, Ma said that there's difference in management philosophy between the east and the west.

"In the east, Taoism stresses on connection between human and nature, Confucianism focuses on the connection between human and society and Buddhism seeks connection between human and their inner heart," said Jack Ma.