Jack Ma delivers a speech in the conference. (File photo)

The Alibaba Computing Conference was held in Hangzhou, East China's Zhejiang province, on Wednesday.

"BAT (Baidu, Alibaba, Tencent), China's three internet giants, are not three big mountains stopping innovation and entrepreneurship. BAT will keep developing, while entrepreneurs still have the chance for success," Jack Ma said in the conference.

The theme of the Computing Conference is "Internet, Innovation, Entrepreneurship" and is attended by about 20,000 developers from all over the world. Alibaba Cloud Computing and the partners announced a series of new cloud computing technologies in the meeting.

"Alibaba's listing in New York doesn't represent that our dreams have been accomplished. Alibaba want to be a company with a history of 102 years. Only 16 years have passed and we still have 86 years to go. We hope that in the future Alibaba Cloud Computing can share Alibaba's data and computing power with dream chasers and entrepreneurs, making their dreams come true," Jack Ma said.

A new era of energy will come soon. Data will be the core of the new era instead of petroleum. In the future, data will be the means of production, and productivity will come from computing power and entrepreneurs' innovation and spirit.

This article was edited and translated from 《马云：BAT不是阻挡创业三座大山》, source: Beijing Times, author: Shi Zhijun.