Can online purchasing power weaken traditional commercial real estate prices?

Today is Alibaba's annual double Xi. Day, the evening of Alibaba board chairman Jack Ma in the media interview, talk about the Double 11, Ma said 30 billion is not a problem, he does not care about the number, but hope to use the market power to play down the price.

Ma said the current commercial real estate prices are very high, hope that through the development of online shopping, weakening the power of traditional business. When everyone chooses online shopping, the sales of the traditional business circle will be reduced, and then commercial real estate prices will be reduced. Ma said he believes that the power of online shopping can put prices, prices down, but also hope that the double 11 can promote the successful transformation of enterprises.

At the same time Ma talked about with Wang Gamble, Ma Yun said, if Wang win, that is our society lost, if the real estate has been our economic pillar, we will lose our generation of happiness. In 2012, Ma Yun and Wang had agreed 10 years later, if the electricity business in China's retail market share accounted for 50%, Wang will give Ma Yun a billion, if not to Ma also wang a billion.

Ma said he believes that the power of online shopping can put prices, prices down, but also hope that the double 11 can promote the successful transformation of enterprises.

Ma also talked about double 11 of the transaction amount, Ma Yun said within a few years to do 100 billion is not a problem, he said that the day cat and Ali want is not a number, but health figures. Ali intends to control the size of the transaction, is the hope that the financial logistics system will not cause great pressure, thus driving the entire industry chain healthy development. At the same time, Ma said Ali care about the consumer experience, if not control the size of the consumer experience will drop, it will completely destroy the Double 11.

On the issue of Ali's IPO, Mr Ma did not respond positively. Ma Yun said now the most important thing is to grasp the double 11. Listing is just the result, not important to Ali. Double can give benefits to consumers, and he also hope that the listing will be Ali development of the results to share with shareholders. So Alibaba is very cautious about listing, it is important to choose a listing at the right time and in the right place.