Despite a several years-long run of making some massive acquisitions, Alibaba Executive Chairman Jack Ma says that 2017 will be a bit different. Ma noted that this year, Alibaba is looking to do a lot less buying and a lot more collaborating.
“I am not interested in acquisitions. I am more interested in partnerships,” Ma said at a news conference on Alibaba’s Olympic sponsorship deal, when he was asked about his company’s plans for the year. “We want to look for partners and empower them to be powerful.”