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So maybe talk about that, and then talk about what did you end up seeing in 1999 that make you decide that Alibaba was it.
所以你可以谈谈这个问题，谈谈你在1999年看到了什么让你认为阿里巴巴就是你的公司。
Yeah, okay, good. Jerry knows me so well, and by the way, Jerry not only the entrepreneur and he's a wonderful investor. Probably one of the best investors right?
嗯，好的。杰里很了解我，顺便说一下，杰里不仅是个企业家，他还是个很棒的投资家，大概是最棒的投资家之一，对吧？
I'll give you my version.
回头我会告诉你们真相。
He's sitting under my because very few people see the real stuff that's in his heart.
他坐在……下面，因为很少有人看到他内心真正的东西。
He's so smart. I remember the day when we negotiated with Yahoo, buying the Yahoo, and getting $1 billion.
他太聪明了。我记得那天我们和雅虎谈判，收购了雅虎，花了10亿美元。
Today, people think it's a good deal, but at that time, it was a big risk. It's not easy. That year, that many years ago put $1 billion inside.
现在人们都觉得那次交易很好，但在那个时候是一个巨大的风险，并不容易。那一年，也就是很多年前，我们投了10亿美元进去。
And we are almost a separate carcass, we are not happy about this and that and at that time he wasn't the CEO, right.
我们几乎是一具独立的尸体，我们对这个和那个都不满意，那个时候他不是CEO，对吧。
And then he said, we are almost just separate then he said call me. Jack can you come and tonight we have our drink? For final effort.
然后他说，我们快要分开了，然后他说给我打电话：杰克，你能来吗？今晚我们喝一杯？最后努力一下。
You can't drink that much back then.
那时候你喝不了很多。
And then I say okay. So he took me to small, tiny Japanese restaurant, bought me big glass of Saki.
然后我说好。于是他带我去了一家很小的日本餐馆，给我买了一大杯日本米酒。
And we drink and try to convince me how wonderful Yahoo is. And after drink we say, okay let's keep on talking good.
然后我们一起喝酒，他一直跟我说雅虎有多棒。喝完酒之后，我说：好吧，我们继续谈谈吧。
The most expensive Saki I've ever had in my life. I'm pretty sensitive about a Saki now.
那是我这辈子喝过的最贵的日本米酒。搞得我到现在都对日本米酒很敏感。
I know. I was going to invite you to some Saki after this but I guess I better. I think that-
我知道，我本想访谈之后请你喝日本米酒的，但我想还是……。我觉得……
But I will continue answer your question. Yeah.
我继续回答你的问题。嗯。
I went back to China with the dream of Internet. I believe this thing is going to change the world. I believe this thing will be big,
我怀揣着互联网的梦想回到了中国，我相信这东西会改变世界，我相信这件事情会很大，
but whether Jack Ma and his team can be successful, I don't know. I told the team somebody will be successful, but not us. May not be us. We have to work very hard.
但是我不知道杰克·马和他的团队能否成功。我告诉团队有人会成功，但可能不是我们，我们必须很努力。
So, tough days in China, year 1996, 1997, and then go nowhere, because we, only, I borrowed $2,000 from my friends and families and relatives together.
所以，1996年、1997年在中国度过了艰难的日子。没有地方可去，因为我们只……我从我的朋友、家人和亲戚那里借了2000美元。
So we compete with the China Telecom. They have money, they have the SOE, they're state owned business. They're competing with us.
所以我们要和中国电信竞争，他们有钱，他们是国企，他们在和我们竞争。
Finally, they cannot kill us because we want to survive. And we of course cannot kill China Telecom.
最后，他们不能灭了我们，因为我们想生存，我们当然也不能灭了中国电信。
So we had a joint venture, they have 70% we have 30%. And I was so stupid I think they really love us but they got us be they want to kill us.
所以最后我们合资了，他们七我们三。我那会儿太单纯了，我以为他们真的爱我们，但其实他们想灭了我们。
Of five seven ball seats they got a five two everything without even say our idea. They say they don't like it.
7个座位，他们5个，我们2个，人家根本不听我们的想法，直接说不喜欢。
So I say maybe I should go into Beijing. Go to Beijing, join the government, maybe they can help us in promoting the Internet.
所以我说或许我应该去北京。去北京，加入政府，或许他们能够帮助我们推广互联网。
So we want Beijing. Joined the Minister of Foreign Trade, that's part of job. Contract for 14 miles.
所以我们想去北京，加入外贸部，这是工作的一部分，合同，14英里。
Working side of a fun, government can never, ever promote the, or make Internet business.
没有乐趣地工作，政府永远不能、永远不能促进或做互联网业务。
Because the philosophy of Internet is try to develop, how to make other people develop the business.
因为互联网的理念是努力发展、如何让别人发展业务。
But the government, they want control at that time. So it's totally different philosophy.
但是政府，他们想要控制，所以这是完全不同的理念。
They are smart. They are good people, but they think how can I make it using Internet to manage and control?
他们很聪明，他们都是好人，他们想了，我怎么才能利用互联网进行管理和控制？
But we think we should make not control, making other people develop. So different philosophy, I think in one works are left
但是我们认为我们不应该控制，我们应该让别人发展。所以理念不同。
and during these day I met Jerry Yam, all right. And then I think well, no chance in the government, no chance in.
这几天我遇到了任志杰。然后我想，嗯，从政府那里得不到机会，政府行不通。
I believe we should not give up. So I was in a desperate and think a lot I should, let's go do it again. So we went back to Hangzhou.
我认为我们不应该放弃，所以我在绝望中想了很多，我们应该再试一次，于是我们回到了杭州。
Stat, I invited 18, my students, friends in my apartment, year 1999 February 21st. We took the video of us talking about the future.
于是，我邀请了18个学生、朋友到我的公寓，1999年2月21日，我们拍下了我们谈论未来的视频。
People looked at me. This guy is crazy. But most people cannot find jobs. So say what if you have an idea let's do it.
他们都这么看着我，觉得这家伙肯定疯了。但是他们很多人都找不到工作，所以他们就说，如果你有想法，那我们就做吧。
And then a good thing is that we keep all the video. Our company probably kept the most of the videos. And most of the…
好的就是我们保存了所有的视频，公司保存了大部分的视频，大部分……
Every meeting, we had in the past 16 years were videotaped, because we know everything with every mistake we made,
在过去的16年里，我们的每一次会议都被录了下来，因为我们知道我们所犯的每一个错误，
every decision made in the future will give our young people to study us. We're going to open in every ten years what happened, why we make this decision.
未来所做的每一个决定都值得年轻人学习。我们要每隔10年翻看一下，看看当时发生了什么、当时我们为什么要做这个决定。
Even discussing with Yahoo, why we make joined with Yahoo. All videotaped.
甚至还有和雅虎讨论时的录像，我们为什么加入雅虎，所有这些都被录了下来。
