Speaker 1: My advice to the young people, 25 years old, make enough mistakes. Don't worry. You fall, you stand up. You fall, you stand up. Enjoy it. I mean, 25 years old, enjoy the show, enjoy the show. From 30 to 40 years old, you have to think very clearly when you're working for yourself. If you really want to be an entrepreneur. So 40 to 50, think about how can you focus on things that you are good at. But when you are 50 to 60 years old, work for the young people. Because young people can do better than you. So rely on them, invest in them. Invest on them, making sure they're good. So 25 years old, don't worry. Any mistake is an income, is a wonderful revenue for you. In the future, it's not about the competition of knowledge. It's the competition of creativity. It's a competition of imagination. It's a competition of learning. It's a competition of independent thinking. If you think like a machine, a problem will come. In the past 20 years, we'll make people like a machine. In the next 20 years, machine will look like a people. So in the future, it's not knowledge driven. It's the wisdom driven. It's the experience driven. In the past, it's the knowledge driven. And it's the manufacturing driven. And in the future, it's the creativity driven. I think next 30 years, the world is going to change a lot. The new technology is going to change every aspect of the world. So this is what we think. The world should be focusing on not only the IQ, EQ, but also focus on LQ, the Q of love. Because only when you care the others, only you care the others that succeed and more successful than you are, you have the chance. 10 years ago, internet was so good. When nobody believed internet was so good. Now internet is so tough because all the smart people go to internet. So you should go to the off ground. I failed for funny things that I failed a key primary school test for two times. And I failed like three times for the middle school, good middle schools. I tried, there's an examination that young people, if you want to go to university, you have to take the examinations. So I failed three times. When I graduate from universities and before I, you know, for three years, I tried to fail in the universities. I failed jobs for 30 times, got rejected. I went for a police. They said, no, you're not good. I went to even the KFC. When KFC come to China, come to my city, 24 people went for the job. 23 people accepted. I was the only one guy. And we went for police. Five people, four of them accepted. I was the only guy that I received it. So to me, being turned down, rejected. Oh, by the way, I told you that I would, I applied for Harvard for 10 times, rejected. I learned so much about the Hollywood movies, especially the Forrest Gump. You love Forrest Gump. I love Forrest Gump. Why do you like him? Simple. Never give up. People, people thinking he's dumb, but he knows what he's doing. And I was very depressed the day, year 2002 or 2003 in the States. I was very depressed when I could not find out a way for the Internet. And then I watched the movie in my friend's home, Forrest Gump. When I see him, I think, this is the guy we should learn from. Believe what you're doing. Love it. Whether people like it, don't like it, be simple. And like the word, life is like a box of chocolate. Yeah. I don't know what you can get, right? I never know I would be here talking to you. I never know. But today I made it. I told my people in my apartment 18, 15 years ago, guys, we have to work hard, not for ourselves. If we can be successful, 80% of the young people in China can be successful. We don't have a rich father, powerful uncle. We don't have one dollar from bank, one cent from government. Just work as a team. I worry about it today, young people, a lot of young people lose hope, lose vision instead of complain. Because we also have the same period. Because when I got, it's not a good feeling being rejected by so many people. We also depressed. But at least later we find that the world has a lot of opportunity. How you see the world, how you catch the opportunity. So, and the Hollywood gives me a lot of inspiration. I, at the beginning, I never thought, I thought when I was young, I said everything's possible. Now I know not everything's possible. When you have something you have to think about, you have to consider about the others. You have to consider about the customer, society, your employees, your shareholders. So society. There are so many things that I think if you continue to work hard, there's, there's possibility. It's not, if you don't do it, nothing's possible. If you try to do it, at least you have the hope. Calm down. There's always a way out. And keep yourself balanced. And meanwhile, don't try to keep, because business is a, competition is a fun. Business is not like a battlefield. You, you die or I win. Business, even if you die, I may not win. Right? So it's about, it's about a fun. Yeah, tell them the story and tell them that if Jack, I don't think in this world there are a lot of people be rejected more than 30 times. If we, you know, the only thing we never give up. The only thing like, we're like a forest gone. We keep on fight. We keep on change ourself. We don't complain. Whether you are successful or not successful. I find that when people, when they finish the job, if they make the mistake, if they fail. If they always complain the others, this guy will never come back. If the guy only check himself. Yeah, something wrong with me here. Something wrong with me there. This guy has the hope. So many people I talked to at that time for Alipay, they say, this is the stupidest idea. You have ever got. But I say, I don't wear the stupid club as long as people use it. Now we have 800 million people using this Alipay. 1999, year 2000. And even at the Yahoo time, a lot of people say this Jack is crazy. He's, he's doing something that we don't understand. A lot of venture capitalists give you money because there is such a American model already. But they say Alibaba, we don't see this kind of model, right? They say Jack's crazy. Yeah, this is crazy guy. I mean, I remember my first time in Time magazine. They call me crazy Jack. And I think crazy is good. We are crazy, but we're not stupid. We know what we are doing. But if everybody agree with me, if everybody believe my idea is good, we have no chance. So that's the money we raised. We're very thankful. So when our investors makes a lot of money, I feel proud and honored. Everybody is made unique and different. So you must have a unique and different way. A lot of people today have a lot of complaints. Say, I don't have opportunity. I complained a lot when I was young. I suddenly realized complaint does not solve any problem. Where the opportunity always in the place where people complain. There are so many opportunities in this world because there are so many complaints. If you can solve the complaint, one of the complaints, that's the opportunity. So this is what we made. I think young people, if my advice to be an entrepreneur, don't be scared of failure. Don't be scared of setbacks. And don't give up. When we start the business, we had 18 founders including me. 17 of them, most of them my students. And most of them... Well, today people think these 18 people, they smash the people in China. We don't think we are smart. Honestly, we all graduate from the very poor schools. The only thing we did was that we are very united. We all believe the future. We are all optimistic. And we learn through mistakes. We never give up. If you graduate from famous university, please respect the people who graduate from the poor schools. Those people like us graduate from a poor universities, please respect yourself. Have chance. We came today to now. We made so many mistakes. People say, you are lucky. Yes, we are very lucky. We've been only 19 years to today's size. But we've gone through so many tough situations. We made so many mistakes that people cannot imagine. Probably 90 years. You have gone through so many tough experiences. And that will make you different. From the childhood to the present. You don't want to do bad things. You want to learn homework that let you have easy access to remember things. Life is not all array, not only basic knowledge. There is more to life. God. This is not when it used to be. It's now. You don't really want to be the same. It is a game. Think your life, It's okay to be closed-minded. Take selection. Thanks for watching.