4. Jack ma was born on September 10, 1964 in
Hangzhou, Zhejiang province, China.
As a youngster Jack wanted to learn English. He
began showing up at the single hotel in Hangzhou
that hosted the foreign tourists. For the next nine
years, he came daily and offered a free tour of the
city for English-speaking guests, which allowed him to
practice his conversational English skills.
Ma earned a degree from the Hangzhou Teachers
Institute in 1988, and took a job as a teacher there
when he finished.
His English became so good that he started his own
translation agency.
In 1988 he traveled to the United States.
5. Ma had his first encounter with a computer when he stayed
with a friend. (They were nonexistent in China) It was also his first
time using the internet.
After this he asked his friend to help him put up website for his
translation business, which got him emails almost immediately.
He then returned to China and became one of the country's
first Web entrepreneurs.
He soon launched China Pages, an Internet company that is
believed to have been the first commercial website in China.
Alibaba.com in 1999
In 2003, Ma stepped into the consumer online auction
marketplace with Taobao.com, which means "searching for
treasure.
Yahoo! bought a 40 percent stake in Alibaba.com for $1 billion. In
return, Alibaba—valued at the time of the deal as worth $4 billion
7. The Creation of Alibaba
• The idea ofAlibaba came from Jack Ma’s trip to
America as an English interpreter.
• In 1999, he received funding from Goldman Sachs, to
start his new company called Alibaba.
• UnlikeAmerican B2B (Business to Business) Ariba,
which focuses' on serving large companies by helping
them save money; Alibaba helps small companies in
China make more money.
8. The Creation of Alibaba
• Small companies rely on Alibaba and its
online payment system.
• Jacks business model worked for the Chinese
market but would fail in the US markets.
• The company now makes more profit than
Amazon and EBay combined.
• In 2014, Jack Ma set up an IPO for his Alibaba
10. • 2004 “Top 10 Business Leader of the Year”
by China Central Television
• 2005 “Young Global Leader”
by World Economic Forum
• 2005 “25 Most Powerful Business People
in Asia”
by Fortune
• 2005 Yahoo invested 1 billion into Ma’s
Alibaba Company
11. • 2007 “Business person of the Year”
by Business Week
• 2008 “World’s Best CEO’s”
by Barron’s
• 2009 “World’s 100 Most Influential People”
by Time Magazine
• 2009 Run’s the largest B2B online market
place,
(Taobao.com); which caused Ebay to shut
down it’s site in China
12. • 2009 A global board director of The Nature
Conservancy China Program; 1st Chinese
citizen to serve on this board
• 2010 “Asia’s Heroes of Philanthropy”
(disaster relief and poverty)
by Forbes Asia
• 2013 “Honorary Doctoral Degree”
by Hong Kong University
of Science & Technology
13. • 2013 $150 billion, the largest offering for
any company on the New York
Stock Exchange
• 2014 “World’s 100 Most Influential People”
by Times Magazine
• 2014 “China’s Most Powerful People”
by Business Week