gettyimages-492470620-5599a1f59a4093e9ccd4aa78bd2ac95e6fe06ca3

gettyimages-492470620-5599a1f59a4093e9ccd4aa78bd2ac95e6fe06ca3

HANGZHOU, CHINA – OCTOBER 13: (CHINA OUT) Jack Ma, chairman of Alibaba Group Holding Ltd., speaks during the launching ceremony of the Alibaba’s Tmall 11.11 Global Shopping Festival at the company’s headquarters on October 13, 2015 in Hangzhou, Zhejiang Province of China. Alibaba will open offices in three European countries and expand further in the U.S as it seeks to revive growth and reassure jittery investors. The 11.11 Global Shopping event this year will cover more than 200 countries throughout the world in large-scale businesses. (Photo by VCG/VCG via Getty Images)