JACK MA: Here's How Alibaba Will Become Bigger Than Walmart


Jack Ma

REUTERS/Lucy Nicholson

Jack Ma, Executive Chairman of Alibaba

The CEO of Chinese e-commerce giant Alibaba talked about the company's lofty goals in an interview Friday with Bloomberg TV's Charlie Rose at Davos.


Ma claimed in the interview that he was visited by a Walmart executive in China, and that he made a bet with the man about the company's future.

"He said I'm doing a good job," Ma claimed.

Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More

Jack Ma then joked with the unnamed Walmart exec about Alibaba's incredible growth.

"I said we'll make a bet, in 10 years we'll be bigger than Walmart on sales."


"If you want 10,000 new customers you have to build a new warehouse and this and that. For me: two servers."

That's the important part. Alibaba can scale its business far cheaper than Walmart can. It's that low-cost expansion that has enabled Alibaba to dominate entire industries. Alibaba now accounts for over 60% of packages delivered in China, and it's on track to become the first e-commerce company to handle $1 trillion a year in transactions.

Charlie Rose asked Ma what Alibaba's market cap is compared to Walmart. Interetingly, Ma said that he didn't know, but that he would look it up after the interview.

Ma has spoken out in the past about his desire to overtake Walmart in transactions. "We want to be bigger than Walmart." Ma told CNBC last year. "We want to be bigger. It's not the size. We want to learn from Walmart."