Jack Ma Quotes

One of the Internet's highest-profile companies, Priceline once dreamed of transforming the way consumer goods are bought and sold by offering customers the chance to 'name your own price' for a variety of products, including airline tickets.

There are millions and millions of products out there. You can look at eBay and Amazon. You can look at every product on the planet, but trying to figure out which one is best for you is really the challenge.

You can find a product and be aware of all the other products out there in just seconds. That's a very attractive method for companies and consumers. At the same time, it also creates a lot of competition.

I know the price of lettuce. You need to understand price and value. You buy the best lettuce you can at the best price you can.

You can find out anything you want about a car now, and especially every bit of information about the price, without relying on the dealers.

If consumers make better choices, the marketplace will change.

We need to be much more robust consumers.

I haven't been in a store to buy anything for five years.

Bring your kids along next time you go to the grocery store and ask them to help find the price per unit for the general grocery items. By comparing brands and looking for the best prices, kids will get in the habit of looking for deals and understand the value of the dollar.

Consumption is still going up on Alibaba. This is because when the economy goes down people look online to Alibaba to buy cheaper things.

Netbot was the first comparison shopping company. We realized comparison shopping can be quite tedious if you are driving from one furniture store to another. On the Internet, you can automatically look at a bunch of different stores and see where can you get the best price on a computer or some such thing, so that was the motivation.

Offline, anything is expensive. Online is much cheaper, usually, to do almost anything.

Shop online for great deals.

There are a whole bunch of people who don't like to shop. But there are also people, maybe, who even do like to shop but are very time pressured. And so shopping online can save people time.

I, from the luxury of my laptop computer, can summon extraordinary bargains on everything I want, and I can also move my savings anywhere. This ability to choose more broadly and to switch more easily is the central fact of modern economic life.

Information is a business in itself. It is also something that has made control impossible ... you cannot get customers to accept prices in one place when they know there's a better deal elsewhere. It's a whole new world.

Kids are so smart these days. They sense when there's a phony bologna out there. Especially in music, when they see something that's being marketed to them, they'll call it out. They'll be like, "This chick is bullshit."

E-Commerce is happening the way all the hype said it would. Internet deployment is happening. Broadband is happening. Everything we ever said about the Internet is happening. And it is very, very early. We can't even glimpse it's potential in changing the way people work and live.

Best Buy. I heard recently they are downsizing and I got sad! I remember when Circuit City was around, I never understood why people would shop there. I always thought Best Buy had a better selection and cheaper prices.

We are seeing pioneers moving out to the Internet, banks that are taking transactions, retail shopping on the Internet, and although it's going to take most of a decade before most adults are turning to the Internet for a high percentage of their act

I'd like to start off this show by asking you all a question, cause I don't know the answer. Uh, I lost my sunglasses and yesterday I went to the Sunglass Hut. Here's the question: Why does a pair of sunglasses cost more than a 25-inch color television set? I go to the Sunglass Hut. I see a pair that I like. I don't love them. I don't. I like 'em. $309.

Being a smart shopper is the first step to getting rich.

Sorry, Vern. I guess a more experienced shopper could have gotten more for your seven cents.

Luxury is not a static concept, but it shapes and changes with society. Now somebody who might not have the time to come to one of our boutiques can shop online.

You can't view inflation as a perception issue. Price rise should be seen as a reality. What is available for a consumer should be seen for what it is. There should never be an attempt to view price rise as a perception issue as a means of escaping the reality of price rise.