The ten-year agreement between Jack Ma and Wang Jianlin expired

In 2012, Wang Jianlin said: "I made a bet with him. In 2022, that is, 10 years later, if e-commerce will dominate the entire China The retail market share accounts for more than 50%. I will give him 100 million. If it doesn't arrive, he will give me 100 million. He can't make a mistake. "

According to eMarketer survey data, China's e-commerce sales will be 2021. Reaching US$2.779 trillion, accounting for 52.1% of the entire retail market, a significant increase from 44.8% a year ago. The proportion expected to increase to 55.6% by the end of 2022 this year. Although we are only halfway through 2022, it should be impossible to change the ending.

Of course, neither Jack Ma nor Lao Wang could have imagined that the epidemic in recent years would greatly promote the development of China’s e-commerce. China's physical store sales fell by 18.6% last year and are expected to fall by another 9.8% this year. In contrast, e-commerce sales increased by 27.5% last year and are expected to grow by another 21% this year.

Jack Ma, who was so confident that he won the bet back then, is now gone and enjoying his retirement life in advance. After losing the bet, Big Pharaoh seems to have gradually regained his strength after experiencing a resolute attempt to survive with his arm broken off, and he will still be able to dominate the business world in the future. It’s true that life is full of impermanence.

I don’t know if this small goal is worth the bet.