A leader who is humble, easily related, has a clear vision, honest, know what his employees wants, admit deficit, high awareness of where the company is. No delusional thoughts like Musk. Hope BaBa will turn around soon.
I like this frank and honest interview very much down to earth. I remembered in 2018 when I visited Alibaba’s head office to meet VP for beauty and skin care division she gave me only 10 mins and asked money upfront RMB 200,000K without even understanding how my niche product could be a winner for the Chinese market. I left disappointed. Fast forward today we are one of the top men’s skin care niche brand in China. I am so glad Alibaba has now realized and restarted focusing on main driver of its business that is merchants and consumers.
How did this channel manage to invite such important individuals with fewer than 100,000 subscribers? I suppose Norges must also be someone important in the business world. Great interview, great information, very intelligent entrepreneur. Good job!!! For that, I subscribed 🥰🥰🥰
Hi and thanks for the subscription! We are the largest single owner in the world’s stock markets. We are as of April 2024 a 1.7 trillion dollar fund, safeguarding the financial wealth of current and future generations of Norwegians. We are one of the largest funds in the world. Our investments are spread across most markets, countries and currencies to achieve broad exposure to global growth and value creation, and ensure good risk diversification. The fund has a small stake in about 9,000 companies worldwide, including the likes of Apple, Alibaba, Nestlé, Nvidia, Microsoft, McDonald's, Tesla, and the list goes on. On average, the fund holds 1.5 percent of all of the world’s listed companies. The aim of the fund is to ensure a long-term management of revenue from Norway’s oil and gas resources, so that this wealth benefits both current and future generations. The fund’s formal name is the Government Pension Fund Global. Transparency is key for us, so this podcast is actually for all of you to learn more about the companies we own. You can view every single company we're invested in, and by how much, on our website here: www.nbim.no/en/the-fund/investments/#/ And feel free to read more about the fund here: www.nbim.no/en/ Wish you a great day and hope to see you in the next podcast too! Best regards, Halvor
@@norgesbankinvestmentmanagement Nice interview, but you should have asked, "what happened to our money?" I've never seen a company with the FCF of Alibaba trade this low for this long. It's quite something.
@@chrisfinseth9911 i think Norges Bank is uninvestable... Lame joke, but it's not a public company but a state bank/fund managing the huge wealth from Natural Resources (mainly oil) in Norway.
Speaking of professionals, have you guys heard of RPC Wealth? They've been managing my portfolio for the past couple of years, and I've seen significant growth in my investments.
Well, for starters, RPC Wealth takes a personalized approach to wealth management. They tailor their strategies to fit each client's unique financial goals and risk tolerance.
Plus, they have a team of seasoned professionals who are experts in their field. They use a combination of traditional investment strategies and cutting-edge technology to maximize returns for their clients.
Great interviw! A lot of things in life are about timing. Great things can happen at a right time and opportunities can be missed.Only principles and laws endure and will lead BaBa to another greatness!
Excellent excellent interview. Joe was a class act and came off as genuine. Some great advice as well. The interviewer was great as well. He really covered all of the boxes people have been wondering about Competition, AI, Cloud, etc. I loved the “Do you read?” question. Important to know!
The issue with Alibaba isn’t solely related to its company structure; it’s also about the business model. Alibaba’s Taobao platform heavily relies on advertising for revenue. When you visit the website, you’re bombarded with flashing ads everywhere, which can be distracting. This poses a significant challenge.
Trustworthy customer reviews are important to any marketplace, especially online marketplace. Taobao has a lot to improve in this area. Fake,and exaggerated reviews are too widespread in taobao, you literally can’t trust reviews there.
Great interview. I do hope Tsai has quality direct reports and teams for all the key parts of the company cause they are in some businesses that require high intensity, hand-to-hand combat skills and in depth knowledge of the local market.
Me too. Been playing China lightly in 2024 because the valuations seem unrealistically low. I've noticed a sort of mob mentality with big money, and like being contrarian.
Growing up, I was quite inspired by Christine Lagarde, so I became a swimmer and studied finance. Later I learned ice skating since skiing was too expensive and it is a hobby I still love. Interesting to note so many sports people amongst leaders. I suppose discipline and a tolerance for pain may help
Thanks for the interview. 1 question regarding his quote “you can’t bet against the Chinese people”. I don’t doubt the Chinese economy could grow but unfortunately their had been no evidence of their stock market growing with their economy (GDP). Why hasn’t there been stock market growth in China given their huge amount of economic growth? Will this trend change? And why?
Chinese stock market lacks necessary regulatory rules in place, making it a shithole for Shell companies & their founders to rob investors' wealth through IPOs. Fortunately that trend is begining to change. The Chinese SEC is currently going through a series of regulatory actions to crack down such scames. Let's see whether it will eventually help build a normal stock market for China.
it is ok. I just read the Chinese part news about this interview yesterday and then I saw this interview today and found it is exactly where the news I watched from yesterday.
13:00 is the best point. Make your employees happy and promote that and the overall sentiment will improve. We need to hear that the inside of the company is stable.
@@yixianli2700 In fact, this is exactly like 阿里's culture. Our leaders always ask us to work happily and live seriously. This is the advocated values, although not every department executes it well.
Life is all about making decisions. Joseph chose to join Alibaba from Investor AB which basically made him from earning 5M RMB per year to only 500 RMB a month at the first place. People thought he was crazy at the time but you know what? The rest is history.
Since the Alibaba IPO in 2014, the stock is down -19%. The S&P 500 has returned 164% without dividends. There has been a great wealth creation for management, but shareholders have been destroyed.
One has to see the whole picture. One has to understand China under XJP. In this interview they could not directly address this issue for obvious reasons. You have to pay attention to Chinese politics. It is constantly changing. It was great to see this interview however. This could be the bottom, but it could also be a head fake if XJP moves in on Taiwan in a few years. If Trump is elected then things could get really wide all around the world. Trump could also go to jail lol.
Chinese companies listed in the US will always have a hard time in the US due to the inherent competition. Anytime there is a risk of surpassing a US company, the US will act to target them and stop them.
Hei Tangen. Gleder meg til Elon intervjuet og håper at det blir spørt litt rundt dogecoin og hva som menes med at dogecoin er lagt til i koden til Tesla biler og venter på å bli tatt i bruk. Vil dogecoin en gang i fremtiden bli brukt for betaling til tjenester i Tesla appen?
Unfortunately China is flooding the world with cheaper goods and other countries are looking to increase import tax etc to balance things out with expensive American products. BABA may further decrease the with these challenges and the economic crisis in the far east. Hold for dear life.
youtube is flooded with chinese bots lol this video has already more comments then the microsoft ceo video which has way more views and is already up 3 weeks
He is a strong competent man, I am proud to be a part of Alibaba.
Joe Tsai is a great humble leader!
💯 agree
Confident, humble and debonair, Mr. Tsai deserves his reputation and position.
Joe’s Transparency is so refreshing especially coming from him as a CEO
This is the best time to invest in BABA. Look forward to 5-10 years. A lot of leadership lessons in this interview. Thanks for sharing the video.
Alibaba owes this man a great deal.
One of the few podcasts where I listen at normal speed instead of double speed playback.
The legendary man behind Jack ma
A leader who is humble, easily related, has a clear vision, honest, know what his employees wants, admit deficit, high awareness of where the company is. No delusional thoughts like Musk. Hope BaBa will turn around soon.
I like this frank and honest interview very much down to earth. I remembered in 2018 when I visited Alibaba’s head office to meet VP for beauty and skin care division she gave me only 10 mins and asked money upfront RMB 200,000K without even understanding how my niche product could be a winner for the Chinese market. I left disappointed. Fast forward today we are one of the top men’s skin care niche brand in China. I am so glad Alibaba has now realized and restarted focusing on main driver of its business that is merchants and consumers.
Not often to hear Joe share stories about himself and his views on things in general. So refreshing and insightful ❤
Thank you!
Legendary. Good man in a tough place
Great interview! It is great to hear they acknowledge that they had lost their way and is correcting it, that is half the battle right there!
Thanks a million for the kind feedback!
How did this channel manage to invite such important individuals with fewer than 100,000 subscribers? I suppose Norges must also be someone important in the business world. Great interview, great information, very intelligent entrepreneur. Good job!!! For that, I subscribed 🥰🥰🥰
Hi and thanks for the subscription! We are the largest single owner in the world’s stock markets. We are as of April 2024 a 1.7 trillion dollar fund, safeguarding the financial wealth of current and future generations of Norwegians. We are one of the largest funds in the world. Our investments are spread across most markets, countries and currencies to achieve broad exposure to global growth and value creation, and ensure good risk diversification. The fund has a small stake in about 9,000 companies worldwide, including the likes of Apple, Alibaba, Nestlé, Nvidia, Microsoft, McDonald's, Tesla, and the list goes on. On average, the fund holds 1.5 percent of all of the world’s listed companies. The aim of the fund is to ensure a long-term management of revenue from Norway’s oil and gas resources, so that this wealth benefits both current and future generations. The fund’s formal name is the Government Pension Fund Global.
Transparency is key for us, so this podcast is actually for all of you to learn more about the companies we own. You can view every single company we're invested in, and by how much, on our website here: www.nbim.no/en/the-fund/investments/#/
And feel free to read more about the fund here: www.nbim.no/en/
Wish you a great day and hope to see you in the next podcast too!
Best regards,
Halvor
@@norgesbankinvestmentmanagement Nice interview, but you should have asked, "what happened to our money?" I've never seen a company with the FCF of Alibaba trade this low for this long. It's quite something.
I enjoyed the video. Looking into investing in Alibaba and also Norge Bank I. M.
@@chrisfinseth9911 i think Norges Bank is uninvestable...
Lame joke, but it's not a public company but a state bank/fund managing the huge wealth from Natural Resources (mainly oil) in Norway.
Investment banking can be quite lucrative if you know what you're doing, but it also comes with its fair share of risks
That's true. I've dabbled in investment banking myself, but I prefer to leave the heavy lifting to the professionals
Speaking of professionals, have you guys heard of RPC Wealth? They've been managing my portfolio for the past couple of years, and I've seen significant growth in my investments.
RPC Wealth, you say? I haven't heard of them before. What sets them apart from other advisory firms?
Well, for starters, RPC Wealth takes a personalized approach to wealth management. They tailor their strategies to fit each client's unique financial goals and risk tolerance.
Plus, they have a team of seasoned professionals who are experts in their field. They use a combination of traditional investment strategies and cutting-edge technology to maximize returns for their clients.
I last owned Alibaba stock quite a number of years ago when it was almost 200 but I think it's time to look at them again.
Thanks Mr Joe..Here hoping for Alibaba to rise up again under your guidance..
Great interviw! A lot of things in life are about timing. Great things can happen at a right time and opportunities can be missed.Only principles and laws endure and will lead BaBa to another greatness!
very insightful for baba investors,
How so?
@TheMightyAbs I dunno, maybe like all of the insights about BABA. 😅 You stick around longer than the first minute?
Its a crime this channel only has 40k subscribers
OMG, Nicolai, I just learnt that you're the CEO of Norges Bank Investment Management! With humble beginnings too! You da man! Cheers!
Excellent excellent interview. Joe was a class act and came off as genuine. Some great advice as well.
The interviewer was great as well. He really covered all of the boxes people have been wondering about Competition, AI, Cloud, etc.
I loved the “Do you read?” question. Important to know!
Thank you for such nice feedback! Nicolai loves to to ask that, so if you listen back through all our past episodes, you'll hear different answers :)
Very surprisingly candid interview. Loved it.
Very informative, thanks Joe, you are very generous.
Thank you for the kind words!
Being humble and have the character to admit when you're wrong are keys to be a good leader.
💯
Great pod, didn't know anything about Joe before this, very down to earth guy. Was surprised to see his net worth was $8.5 billion
Would love to see another pod with him!
So cool to hear, thanks!
The issue with Alibaba isn’t solely related to its company structure; it’s also about the business model. Alibaba’s Taobao platform heavily relies on advertising for revenue. When you visit the website, you’re bombarded with flashing ads everywhere, which can be distracting. This poses a significant challenge.
Trustworthy customer reviews are important to any marketplace, especially online marketplace. Taobao has a lot to improve in this area. Fake,and exaggerated reviews are too widespread in taobao, you literally can’t trust reviews there.
I can’t believe the chairman is not aware of these two key issues!
Thanks for your podcasts sir
Great interview. I do hope Tsai has quality direct reports and teams for all the key parts of the company cause they are in some businesses that require high intensity, hand-to-hand combat skills and in depth knowledge of the local market.
Hmmm.. Add some position to BABA after listening to this.
Me too. Been playing China lightly in 2024 because the valuations seem unrealistically low. I've noticed a sort of mob mentality with big money, and like being contrarian.
Hmmm still watching what they actually can accompolish. it take a lot to change even though they admit the mistake and promise to act
Good luck
I have one thousand shares, thinking add more ….
Careful... his job is to be a baba hype man .. grain of salt
He just gave a master class on geo politics, retail, China, technology…all in layman terms that we all understand…
Growing up, I was quite inspired by Christine Lagarde, so I became a swimmer and studied finance. Later I learned ice skating since skiing was too expensive and it is a hobby I still love. Interesting to note so many sports people amongst leaders. I suppose discipline and a tolerance for pain may help
Good salesman
I hope Joe could pay more attention to BABA's stock performance
Thanks for the interview. 1 question regarding his quote “you can’t bet against the Chinese people”. I don’t doubt the Chinese economy could grow but unfortunately their had been no evidence of their stock market growing with their economy (GDP). Why hasn’t there been stock market growth in China given their huge amount of economic growth? Will this trend change? And why?
Chinese stock market lacks necessary regulatory rules in place, making it a shithole for Shell companies & their founders to rob investors' wealth through IPOs. Fortunately that trend is begining to change. The Chinese SEC is currently going through a series of regulatory actions to crack down such scames. Let's see whether it will eventually help build a normal stock market for China.
it is ok. I just read the Chinese part news about this interview yesterday and then I saw this interview today and found it is exactly where the news I watched from yesterday.
This video is actually helpful as an example of job interview😂
Very good interviewer i must say kudos
Super happy to hear, thank you!
man, how did I just discover this podcast now.
13:00 is the best point. Make your employees happy and promote that and the overall sentiment will improve. We need to hear that the inside of the company is stable.
Thanks for sharing your favorite moment with us!
He said so, but not sure if his employees feel so 😂😂😂 no offense. I just never heard that was the Ali (what BABA is called within China) culture
@@yixianli2700 In fact, this is exactly like 阿里's culture. Our leaders always ask us to work happily and live seriously. This is the advocated values, although not every department executes it well.
Lovely interview. Thanks for sharing.
Thanks a million for sharing your kind feedback too!
Really good interview
Thank you Joe!
Thanks for sharing. Very informative, impressive and valuable.
Thanks a million for the kind feedback!
22:00 if you stocked up on inventory of Nvidia chips, why is your cloud division is affected in the short term?
Thanks for the interview and sharing. Glad to be invested in alibaba
Glad to hear, thanks!
Why not Tencent too..isn't Tencent a good buy?
Great podcast! Thank you for sharing this with us!
Just found this channel. Superb interview, thank you.
Thanks a million for the kind words!
Our friend bought some shares of Alibaba in the US many years ago, who should they contact to see what is the status of their shares? Thank you!
Wow very impressive individual.
amazing thank for the insights
baba to the moon!
Thanks a million for the feedback too!
Nice interview 👍🏼
Great to hear, thanks!
Nice interview
thank you
I really like the interval training to work
I'm glad i found this channel❤❤
And we're so glad you share the passion with us in the comments too!
Very insightful intervieww!
Thank you so much for the kind words!
Amazing poadcast
Awesome interview
Thanks a million!
Great advice at the end.
Love it, informative interview.
Great to hear, thank you!
Great to see two successful people are talking about success. Not some Ajuhuasca Hippy is talking about how is great to be real G.
Life is all about making decisions. Joseph chose to join Alibaba from Investor AB which basically made him from earning 5M RMB per year to only 500 RMB a month at the first place. People thought he was crazy at the time but you know what? The rest is history.
Guys, from where i can download the whole text of this dialog
Since the Alibaba IPO in 2014, the stock is down -19%. The S&P 500 has returned 164% without dividends. There has been a great wealth creation for management, but shareholders have been destroyed.
One has to see the whole picture. One has to understand China under XJP. In this interview they could not directly address this issue for obvious reasons. You have to pay attention to Chinese politics. It is constantly changing. It was great to see this interview however. This could be the bottom, but it could also be a head fake if XJP moves in on Taiwan in a few years. If Trump is elected then things could get really wide all around the world. Trump could also go to jail lol.
The interviewer needs to allow Joe to finish his answers before moving on.
Thank you for letting us know :)
Wish you a great day!
- Halvor
@@norgesbankinvestmentmanagement The interviewer was interruptive on a few occasions.
Love this guy!
Where is Jack Ma though?
The guy that endorses 996? 12 hours a day six days a week work? yeah, that guy's a douchebag.
Ma grounded by CCP😮
Teaching at a university in Tokyo
Just want to know his opinion on Jack’s speech on the conference just right before the IPO of mayi😢
Chinese companies listed in the US will always have a hard time in the US due to the inherent competition. Anytime there is a risk of surpassing a US company, the US will act to target them and stop them.
Please add time stamps with segments.
Hi and thanks for the feedback!
TH-cam uses AI to make these usually, so this might pop up in due course :)
No wonder he can work side by side with jack ma!
The usual, alibaba Fundamentally strong stocks that drop half half is good for long term,I believe alibaba can recover,time and patience only
Hei Tangen. Gleder meg til Elon intervjuet og håper at det blir spørt litt rundt dogecoin og hva som menes med at dogecoin er lagt til i koden til Tesla biler og venter på å bli tatt i bruk. Vil dogecoin en gang i fremtiden bli brukt for betaling til tjenester i Tesla appen?
This is great, loved it!
Thanks!
Skulle hatt Kyle bass på podcasten her.
Great interview, really appreciate it. Some critical feedback; Nicolai should remember to say 'named' instead of 'called' when introducing a guest.
Thanks for the feedback!
Let him finish his train of thought
Would be great to hear his views on racism in sports especially he also played lacrosse at Yale
❤❤
Say sorry to both baba shareholders
This interviewer really needs to learn how to ask questions in a professional manner. He talked as if he was bargaining in a flea market.
27:00 I think he meant to say dichotomy when he said dialectic 😁
How much did you pay for the BABA shares (average)?
$91:20
$72
$180
160
how can you not be more bullish after listening to this? but still, pdd is coming!
Unfortunately China is flooding the world with cheaper goods and other countries are looking to increase import tax etc to balance things out with expensive American products. BABA may further decrease the with these challenges and the economic crisis in the far east. Hold for dear life.
The time for baba is over and it doesn't matter anymore.
Baba stock is lower than the opening price at the end of the opening day.
Lower ISO to reduce white blowouts as well as a white balance recalibration
Thanks for the feedback :)
Once I was talking to an old Chinese man, he told me Chinese people can have a good life if there are three years’ of peace .
Where is jack ma though😢
👋🏾
I was hoping that he gives me more than just restructuring.
Still have a feeling of “it is what it is. Let’s move on”……
He can actually speak English, unlike Urmama
He's American Taiwanese..don't be judgemental
youtube is flooded with chinese bots lol
this video has already more comments then the microsoft ceo video which has way more views and is already up 3 weeks
it's called bagholders.
Cloud and AI are not the same btw. somthing they need to work on.
He didn't say it was the same. Listen again
He did not say they are the same. You can listen again.
Great life advice! But I feel that he does not know so much about customers and run a giant business any way.
Where’s Jack Ma?
Eating sashimi in Japan
Where is Trump? What is the point of the question?
Tokyo
Where’s Jack? (👇bots incoming!)
Tsai is much better than Jack Ma...
同吃同住同劳动😂