该句使用现在分词结构表达持续状态。
On Mergers: Learning Respect and Understanding
Over the past ten years, Alibaba has been fortunate to reach where it is today. Why could we achieve this while many companies could not? Not because we are exceptionally smart, but because our employees continuously learn and challenge themselves, always maintaining the roof in sunny times. When the economy recovers, failure to adjust in time will only lead to setbacks.
Alibaba's development aligns with the characteristics of the new business civilization—openness, sharing, responsibility, and globalization. “Openness” is a mindset every entrepreneur should have, including in mergers and acquisitions. Our acquisition of Yahoo China was initially very challenging, facing cultural conflicts, talent management, and numerous other issues. Although some may think Yahoo China recovered slowly, I have never regretted it. I realized a principle: acquisitions in the past were “for my use,” today they should be “for its use.” Companies, whether large or small, state-owned or private, differ only in integrity and the pursuit of dreams. Similarly, there is no real distinction between acquiring and being acquired; it depends on whose dream is realized. If your dream is better than mine, I support you; if my dream is better, we can work together to achieve it. Therefore, in mergers, “openness” is manifested through mutual respect and understanding. I will share the details of Yahoo's integration in five years.
Regarding “sharing,” I would emphasize one point: learn to share with your employees.
关于并购：学会尊重和理解
过去十年，阿里巴巴有幸一路走到今天。为什么我们能够做到，而很多企业却难以实现？并非因为我们特别聪明，而是我们的员工不断学习、挑战自我，总是在顺境中修理屋顶。当经济有所复苏时，如果不及时调整，最终只会跌落。
阿里巴巴的发展契合新商业文明的特征——开放、分享、责任、全球化。“开放”是每位企业家应具备的胸怀，包括在并购中。我们并购雅虎中国之初异常艰难，面临文化冲突、人才管理等诸多问题。尽管有人认为雅虎中国恢复缓慢，但我从未后悔。我明白一个道理：以往的收购是“为我所用”，今天应是“为它所用”。企业无论大或小、国有或非国有，唯有诚信与梦想的差别。同样，企业无所谓收购与被收购之分，关键在于梦想的实现。如果你的梦想优于我的，我会支持你；如果我的梦想更佳，我们可以共同实现。因此，在并购中，“开放”体现为互相尊重与理解。我将在五年后与大家分享雅虎整合的细节。
关于“分享”，我只想强调一点：要学会与员工分享。