In January 1999, Jack Ma found a group of people in Hangzhou Lakeside Garden to co-found Alibaba. At that time, his vision was: "We want to run a B2B e-commerce company with three goals:

First, to build a company that can survive for 80 years;

Second, to build a company that serves Chinese small and medium-sized enterprises;

Third, to build the world's largest e-commerce company." He hoped to help small and medium-sized enterprises publish information on the Internet and promote overseas transactions.