Jack Ma is a Chinese Internet entrepreneur. He is the Executive Chairman of Alibaba Group, a family of highly successful Internet-based businesses.
He is also the first mainland Chinese entrepreneur to appear on the cover of Forbes Magazine and ranks as one of the world’s billionaires.
Jack Ma founder of Alibaba said “My vision is to build an e-commerce system”.
He wants to create one million jobs to change China’s Social economic environment.
Alibaba Cloud Computing (www.aliyun.com) aims to build a cloud computing service platform, including e-commerce data mining e-commerce data processing, and data customization. It was established in September 2009 in conjunction with the 10th anniversary of Alibaba Group. It has R&D centers and operators in Hangzhou, Beijing and Silicon Valley. In July 2014, Aliyun entered into a partnership deal with Inspur, the largest high-end cloud computing company in China.
3. One of China's most influential
business leaders and one of the
100 people who "most affect
our world," according to Time
magazine.
4. Name : Jack Ma or Ma Yun
Born on : 10 Sept. 1964
Residence : Hangzhou, China
Marital Status : Married
(Cathy Zhinang Ying) in 1980s
Children : 2
Education : MBA from Cheung Kong
University, Doctoral
Degree with Honors in
Addition to MBA
5. Occupation : Founder and Executive
Chairman of Alibaba Group
Net worth : 39 billion USD appro (rs25350 cr)
Interested in : Tai Chi Chuan, a Chinese martial
arts form
Ma hired several tournament-
winning Tai Chi players to teach
at Alibaba.
6. Jack Ma is a Chinese Internet
entrepreneur. He is the Executive
Chairman of Alibaba Group, a
family of highly successful
Internet-based businesses.
He is also the first mainland
Chinese entrepreneur to appear on
the cover of Forbes Magazine and
ranks as one of the world’s
billionaires.
8. Alibaba has become one of the biggest marketing
company in China.
This company wants to compete with foreign
countries.
Jack Ma founder of Alibaba said “My vision is to
build an e-commerce system”.
He wants to create one million jobs to change
China’s Social economic environment.
9. Alibaba has a unique fun culture environment for
employees.
Employees participate in a talent show annually.
They cherish brotherhood, morality, courage
emotion and conscience.
Jack Ma believes that is not about the money but to
help China’s development.
10. Jack Ma started off by learning English in his earlier days by
talking to foreign visitors who would visit the picturesque
land of Hangzhou in China. It was only his determination to
learn English which made him a tourist guide to most English
speaking travellers who came to his homeland.
Ma later enrolled at the Hanzough Teacher’s Institute but
failed twice before graduating with a Bachelor’s degree in
English in 1988. Failures sure are stepping stones to succeeds,
Ma would agree. He later became a professor of international
trades in the Hangzhou Dianzi University.
11. In 1994, he founded his first company, the Haibo Translation
Agency, which provided English translation and interpretation
On a trip to the United States on behalf of the Hangzhou city
government in 1995, Ma had his first encounter with
the Internet and saw the lack of Chinese Web sites as a great
business opportunity.
On his return, he founded China Pages, which created Web
sites for Chinese businesses and was one of China’s first
Internet companies.
12. From 1998 to 1999 Ma was head of an Internet company in Beijing
that was backed by the Ministry of Foreign Trade and Economic
Cooperation. He felt, however, that if he remained with the
government, he would miss out on the economic opportunities that
the Internet was bringing
Jack borrowed $2,000 to set up the company.
He said I knew nothing about personal computers or e-mails.
I had never touched a keyboard before that. That's why I call myself
“Blind man riding on the back of a blind tiger.“
13. His dream was to set up his own e-commerce company. In 1999, he
gathered 18 people in his apartment and spoke to them for two hours
about his vision. Everyone put their money on the table, and that got
them $60,000 to start Alibaba
Now net worth of alibaba is $ 204.8 billion
He wanted to have a global company, so he chose a global
name. Alibaba , which is easy to spell, and people everywhere
associate that with "Open, Sesame," the command that Ali Baba used
to open doors to hidden treasures in One Thousand and One Nights.
14. He believed in one thing: global vision, local win. They designed
the business model themselves. There focus was on helping small
and medium-size companies make money. They never copied a
model from the U.S., like a lot of Chinese Internet entrepreneurs
did. They focused on product quality. It has to be "click and get
it." If I can't get it, then it's rubbish.
In 2003 Ma created a new company, the consumer-to-consumer
online marketplace Taobao (Chinese: “searching for treasure”).
15. At that time, the American company eBay, in collaboration with
the Chinese company EachNet, had a market share of 80 percent, but
Ma felt that eBay-EachNet’s policy of charging users a transaction
fee was a weakness.
Taobao did not charge such a fee but made money from online
advertising and the sale of additional services to users.
Ma’s intuition proved correct; by 2011 Taobao had a 90.3 percent
market share,
16. In 2011 Ma announced that Taobao would split into three
companies:
1. Taobao Marketplace, where individuals could buy and
sell goods.
2. Taobao Mall, an online shopping portal; and
3. eTao, a shopping-related search engine.
In September 2014 the Alibaba Group debuted an IPO on the
New York Stock Exchange that raised $21.8 billion.
That IPO was the largest ever in the United States and gave the
company a market value of $168 billion, the highest such value in
IPO history at that time for any Internet company.
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20. Alibaba Cloud Computing :
Alibaba Cloud Computing (www.aliyun.com) aims to build a
cloud computing service platform, including e-commerce data
mining e-commerce data processing, and data customization. It was
established in September 2009 in conjunction with the 10th
anniversary of Alibaba Group. It has R&D centers and operators in
Hangzhou, Beijing and Silicon Valley. In July 2014, Aliyun entered
into a partnership deal with Inspur, the largest high-end cloud
computing company in China.
21. Alibaba Group R&D institute :
Alibaba introduced the Alibaba Group R&D institute in 2008. One
year later, Alibaba filed around 350 patent and utility model
applications
As per October 2017, 750+ patent filed and 3000 plus patent under
the verification by the appropriate authority
In October 2005, Alibaba Group formed a strategic partnership
with Yahoo! and acquired China Yahoo! (www.yahoo.com.cn), a
Chinese portal that focuses on Internet services like news, email,
and search.
China Yahoo!
22. Create short-term wins
Ma Yun set aims that are easy to achieve - in bite-size chunks, spin
off from a large organization Alibaba Group to operate
independently of the small organizations like C2C Taobao, online
payment alipay, groupon Juhuasuan.
Foster and encourage determination and persistence.
ongoing change.
encourage ongoing progress reporting.
23. Highlight achieved and future milestones.
Ma’s idea of Ali inside, each executives need to cultivate their
successors, so that it can be regarded as qualified manager, he
also specializes in young manager in training course, training
and even third generation of younger successor.
His dream and vision were accomplished after 15 years of
hard work and proper thinking, investing every dollar in a
project that one day it is going to be worth billions.
24. For those who empathise with Jack Ma and are curious to find out
the secret of his success, the Alibaba founder offers them five lessons
and guidelines that were the basement of his career :
1) Money isn’t happiness – it’s responsibility
2) You don’t need family connections to achieve success
3) Expect the unexpected
4) Think ahead
5) To change the world, invest in youth.
27. How Jack Ma Overcame His 7 Biggest Failures
1. Didn’t give up after failing many exams at school.
2. Scored 1 out of 120 points on the math portion of his
college entrance exam.
3. Wasn’t deterred after being rejected from Harvard 10
times.
4. Stayed optimistic after being turned down for 30 jobs.
5. Was the only interviewee (out of 24) rejected by KFC.
6. Couldn’t convince Silicon Valley to fund Alibaba.
7. Told his 18 Alibaba partners that none of them could be
execs.
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29. Jack Ma’s Role In Social Responsibility
He is an increasingly outspoken advocate for the environment. But
MA has become more than just an incredibly successful business
man.
He is now a staunch advocate for corporate social
responsibility and personal actions to improve china's
environment, boycotting food products made of shark fins to
fighting water pollution and supporting the Conservancy’s
China Global Conservation Fund.
30. Announced that from 2010 onwards the company will earmark
0.3% of its annual revenue for environmental protection, with
particular focus on water and air quality improvement
Has joined hands with China Green Foundation and United
Nations Environment Programme in launching an environment
initiative to encourage people to plant trees to reduce carbon
emission
31. “WE HAVE THE ABILITY TO DEAL WITH THE ISSUE.
WE HAVE THE KNOWLEDGE. WE HAVE THE
TECHNOLOGY TO SOLVE OUR ENVIRONMENTAL
PROBLEMS. BUT IF WE DON’T TAKE THEM
SEROIUSLY, WE’RE GOING TP PAY A HUGE, HUGE
PRICE LATER”- Jack Ma
32. “The most fun part of business, at least to me, is to
contribution to the future. It’s about making people
healthy money, enabling people to enjoy their lives. I
think the important thing is to wake people to enjoy
their lives. I think the important thing is to wake
people up and let them know that our environmental
issues need to be addresses. Positive thinking is
key: The future is always beautiful :-Jack Ma.
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38. I would recommend the following books on Jack Ma for a
better understanding of the man and the famous company
'Alibaba' which he founded and heads:
Alibaba: The House That Jack Ma Built - Duncan Clark.
Alibaba: The Inside Story - Liu Shiying & Martha Avery.