3. Road to success
Success
?
49
2013
Born
1964
8
1972
20
1984
Cultural
revolution: 66’-76’
Reform and
Opening up
eBay enters
China
30
1994
Discovers
English Entered college
after 2 failed
attempts
Quit teaching
to start translation
business
1999
Founded
Alibaba
94’99
2 failed startup
attempts
Acquired
Yahoo China
Amazon
founded
40
2004
4. What is the significance of Alibaba?
• A collection of disruptive companies
• Creating jobs and supporting small
businesses
• 55MM registered B2B accounts
• 10MM jobs (Taobao)
• Innovation
• Singles day: $5.7B in one day
• Largest currency fund in China
• Mobile taxi app
• It all began with Chinese chivalry…
• …to empower the young
• …and have fun…
5. • Jack built a career around a vision that aligns
with his core values
• Learning and mentoring is a responsibility for
leaders
• Be humble, be grateful
Lessons Learnt
6. Can entrepreneurs have it all?
Family
5%
Self
5%
Community
30%
Career
60%
Career
30%
Community
30%
Family
20%
Self
20%
7. Q&A
“Wealth is not the goal… the goal is to
create a truly Chinese founded
company that the whole world can be
proud of for its accomplishments.”
“I’ve seen people make a fortune
catching shrimps but never make a
fortune catching sharks and whales.”
“I have faith that the Chinese young
generation will do better than us!”
“There is trust and faith in China…it will
make the whole world more open, more
transparent, more sharing, more
responsible”
“We don’t need a rich father, we have
persistence and a dream…”
“I am very grateful and proud for my 14
years in business… but in terms of what
we have done for the society, this is
only the beginning…”
