Joe Tsai on Taobao
From Strategic Perspective on the Alibaba Economy - Investor Day 2017 · · Mr Hannibal
“Taobao has transformed from a marketplace to a social commerce platform because of the social because of the fun of discovery because of the experience of exploration so that's why people want to come back again again and spend spend so much time with us on our leading power mobile app”
On , Joe Tsai, Chairman at Alibaba Group, spoke about Taobao during Strategic Perspective on the Alibaba Economy - Investor Day 2017 on Mr Hannibal.
About Joe Tsai
At the World Governments Summit in Dubai in February 2026, Alibaba Chairman Joe Tsai said that there is "no AI bubble" but acknowledged that there is no guarantee that the massive investment in AI will yield a return. He compared the current AI investment to the 19th-century railway bubble, which left a tangible legacy, rather than a "tulip mania" bubble. Tsai also stated that he would not want to be the CFO of an investor company having to explain the return on such investments. He argued that the AI race should be about application and use cases, such as education and healthcare, rather than just building frontier models, and advocated for open-source AI as the most secure way for governments to maintain control. Tsai has also discussed Alibaba's business strategy, stating that the company has streamlined its focus to two core businesses: e-commerce and cloud computing. He noted that Alibaba plans to invest over $50 billion in computing infrastructure and AI over the next three years. On geopolitics, Tsai expressed optimism that the US and China will not devolve into a "race to the bottom," describing their relationship as "hugely symbiotic." He also commented on the importance of a meeting between Chinese President Xi Jinping and entrepreneurs, saying it gave private businesses confidence to invest. In sports, Tsai, who owns the Brooklyn Nets and a stake in the Miami Dolphins, said the NBA's return to China after a five-year absence was a "treat for the fans."