came back to hangzhou with one dollar in my pocket, scared, worried. and i came back and i said, "i want to do something called internet." >> logan: his first two ventures failed. four years later, he convinced some friends and former students, most of whom had never used the internet, to invest in him and his vision for alibaba. with just over $50,000 in seed money, alibaba was born. today, the company is valued at $231 billion, and is headquartered in hangzhou on a sprawling state-of-the-art campus that rivals any in silicon valley. ma's personal fortune makes him the richest man in china and one of the most influential. it's impossible to run a business on alibaba's scale without official blessing. you were quoted saying, "when you have millions of small companies using your site, and billions of dollars in transactions every day, the government cares." so, what do they care about? >> ma: they care that i can stabilize the country. i tell the government, if people have no jobs, you are in trouble. government will be in trouble. my job is to help mor

>> i think there will be a lot of multi consumes in hangzhou, my hometown, outside of shanghai. outside of that, it will be very interesting to watch. i think a lot of the early people who divest earlier started startups already with the money that they got. i think a lot of the people once they finish will think about sports cars and other luxury items and some of this will likely go back into startups. >> we also saw 4000 current employees in 1000 former employees selling into the offering. we do not know what their shares were. we know that alibaba try to restrict those as well. what does that tell you? >> this is very interesting. it is unusual to have a lockup in a large chunk of shares being held. we don't know how many are selling. that tells you the strength of the demand for the shares of this stock. it can absorb this kind of selling and still go up 38% on the open. >> i look at stock sells. there are lots of reasons that people sell stock. there's only one reason people buy stock. i don't know what that means for a chinese ipo. how different is it and what might it me