On one occasion, at a public meeting, the host once asked Ma Yun why he was called Alibaba. What Ma Yun initially thought was that he should be an international company, because the Internet has no national and geographical restrictions. Therefore, it is necessary to set an international example. At that time, Yahoo was the most famous Internet company. Since then, Ma Yun's vision and pattern are not comparable to those of ordinary people.
When Ma Yun was eating in an American restaurant, he had a whim and called the waiter and asked him if he knew the name Alibaba. The waiter replied that he knew, and told Ma that Alibaba's spell to open the treasure was "open sesame". Later, Ma Yun repeatedly asked people around him. After this test, Ma Yun found that the story of Alibaba is well known by people all over the world, and the pronunciation is almost the same no matter what language. "From my grandmother to my son, I have read Alibaba." In this way, Ma Yun decided "Alibaba" as the name of the company.
Ma Yun said: My name is Alibaba, not for China, but for the whole world. I do Taobao, and one day I will go global. From the beginning, we were not just trying to make money, but to build a global excellent company that can do 102. However, the "Alibaba" domain name has been bought by a Canadian. Ma Yun realized that domain names will spread all over the world in the future. He took out $6.5438+0 million of the initial capital of 500,000 yuan at that time and bought back Alibaba's domain name from Canadians.