Jack Ma, who has planned to step down as chairman of the board of directors, said at the Alibaba Investor Conference that the US -China trade dispute will continue for a long time, but he is not worried about Alibaba's growth.

Ma Yun, the chairman of the board of directors of China and the board of directors of the technology group, warned on Tuesday that the Sino -US trade war may last 20 years.

In response to U.S. plans to impose tariffs on about 200 billion US dollars in China, China vowed to take revenge measures.When talking about the dispute between China and the United States, Ma Yun said: "It will continue for a long time, perhaps 20 years. It will become a mess. This is not a trade war, but the competition between the two countries."

However, although Ma Yun acknowledged that the US -China trade battle had affected, no one in the trade war was a winner, both countries would be affected, and his company could not be spared, but he was still confident in the company he was about to leave.He said: "I don't worry about Alibaba. If Alibaba cannot grow, then China has no company to grow."

In his speech, Ma Yun outlined Alibaba's future development strategy, including globalization, entering rural areas in China, and the Internet of Things.Ma Yun announced earlier this month that he will step down from the company he founded 19 years ago.

"Next year, I can't speak to you as the chairman." At the investor conference of Alibaba Hangzhou Park, Ma Yun said to more than 600 audiences present, "I will sit there as investors and listen to this team as a team, listen to this teamSpeaking. "

Ma Yun will give the chairman of the board of directors to Alibaba's current CEO Daniel ZHANG in September next year.At the meeting, he also tried to clarify some rumors about his outgoing office.

"People have called me these days. Some government officials call, (say) lsquo; Are you crazy? What will happen? RSQuo; Rumors overseas (ask this) because the government wants to drive you away?Ha, no one can (drive me away). "He said.

"People have a lot of speculation. But as far as I am concerned, I have clearly prepared for 10 years."

At the investor conference last year, Alibaba's annual revenue growth rate ratio ratio ratio ratio of analysts was 10 percentage points higher.But this year's conference did not propose any new predictions.

On the contrary, Alibaba executives reiterated some of the previous goals, including total product transactions (GMV, total value of goods sold by its commercial platforms) exceeding $ 1 trillion, last year at $ 768 billion.

Alibaba started from e -commerce, and has since expanded to cloud services, digital entertainment and takeaway. Alibaba estimates that its investment in assets is currently worth $ 80 billion.

Joe Tsai, executive vice chairman of Alibaba, said that in the past three years, most of them have invested in international expansion and developing digital media and entertainment business.In the first quarter of this year, Alibaba focused on new retail, and together with Japan's Softbank, adding to the investment of take -out and local life service platforms.

Cai Chongxin said: "I focus on the return rate similar to venture capital, but our success rate is higher because we have talents to ensure these returns."

In addition, Alibaba and its rivals Tencent can also increase investment returns by guiding users to use other services: for example, consumers buying things on the Alibaba shopping platform Taobao and Tmall (Tmall) may also beWill watch movies, pay for goods and services, or book takeaway.

He told the audience that in the past three years, investment and free cash flow created a generally coincidence.He added: "If we have insufficient investment, many of you will be angry. We are not a company that uses money to distribute dividends."

Since fiscal 2016, Alibaba has accumulated $ 33.8 billion in free cash flow, of which about 30 billion US dollars have been invested, leaving "a small amount of backup funds for new investment in the future".

Translator/Liang Yanchang