Alibaba's Jack Ma on Alipay, Tencent and Regulation

The transcript discusses the competitive dynamics between Alipay and Tencent Pay, highlighting the benefits of competition and collaboration in expanding the cashless payment market. It addresses the challenges of navigating regulation while fostering innovation, emphasizing the importance of self-regulation. The conversation also touches on resistance to technological change in China, particularly from the old economy, and the role of competition in driving banking reform.

How do you think the competitive spirit influences the strategies of companies like Alibaba?

What are the implications of having no competitors in the market for a long time?

In what ways can collaboration between companies lead to a larger market?

What challenges do companies face when trying to innovate within regulatory boundaries?

How has the perception of the Internet economy changed among older business leaders in China?