"This is a very big problem for both sides, not just the U.S.," Mr. Ma said. "We have had 19 million hacks against our company. So this is a global problem that we are all going to have to work on together."
"For the first 3 days, nobody came to buy so we had to buy it ourselves," Ma told a Hong Kong investment conference last year. "A week later somebody came to sell. Everything they sold, we bought it. We had a whole room of garbage."