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Jack Ma

Richest Man in China. Founder and ceo of Alibaba group.

Bio of Jack MA

jack ma image
Full Name- Jack Ma , Ma Yun (Chinese: Mandarin)
Born On- 10,september,1964
Zodiac Sign(Rashi)- Virgo (kanya)
Country-China
Birth City and place- Hangzhou, Zhejiang Province
Spouse-Zhang Ying
Children-2 Child (1 son and 1 daughter).
Education-Hangzhou Normal University Zhejiang Province
Work,Occupation- Entrepreneur , Philanthropist , Founder of Alibaba Group
Industry- Internet, Business
Net Worth- $22.5 Billion
HOBBIES- Tai Chi and Kung Fu Novels

Introduction

Jack Ma is one of exceptional and talented enterprenuers and more a leaders who change the defination of success.Jack Ma's Alibaba group is a spearheaded leader of e-commerce business in China. As the CEO and founder of Alibaba Business Family(Alibaba.com), China’s leading Internet business entity, he is from the most successful Chinese entrepreneurs, who made it into the Forbes list in recent years. He is the first Chinese born entrepreneur to appear on the cover page of the famous magzine Forbes Magzine.

ChildHood and Early Life:

He was born in Hangzhou in Zhejiang Province, China. At an early stage of his life, Jack Ma has wants to learn English, so he rode his bicycle each morning to a nearby hotel to interact and talk with foreigners. He would guide them to the city tour for without any fee(free) to practice and improve his English. He did this for around nine years. He became friend with one of these foreigners, and he nicknamed him "Jack", because his name in Chinese that is Ma Yung was too difficult to pronounce.

Later in his young age - Although he failed three times in the university entrance examination . Ma attended Hangzhou Teacher s Institute (now known as Hangzhou Normal University) and become graduated in 1988 with a degree in English(As is childhood desire). While at schooling, Ma was elected as a student chairman. After that,he became a lecturer in International Trade and in English , at the Hangzhou Dianzi University and later take admission Beijing-based Cheung Kong Graduate School of Business (CKGSB), graduating in 2006.

Carrear

The Carrear story of Jack Ma is very intersting and inspirational.JAck Ma applied for 30 different jobs and get rejection from everwhere. He want to kfc is well for a job when kfc hiring in Jack Ma 's city but out of 24 candidate ,23 are selected but one is not selected that is JAck Ma.

First Business-
In 1994 , Internet become popular and JAck Ma heared about that . In the begining of 1995, he went to the US and with his friends' help he know how to use Internet. During his first search he searched the word "beer". JAck Ma found information related to beer from several countries but he was surprised to find none from China. Further, he tried to search for general information about China and again was surprised to find nothing. So he and his friend created an statup website related to China. Within five hours of creating the website he had received few emails from some Chinese wishing to know about him. This is the time , when Ma realized that the power of and it had something great to offer.

In April 1995, Ma, his wife and a friend collected $20,000 and started an own Internet company. The company works on creating websites for companies. He decided to named their as company China Yellow Pages. Within three years, his company had made 5,000,000 Chinese Yuan which was equivalent to US$800,000.

Now, Ma began building websites for Chinese companies with the help of friends in the US. He has said that "the day we got connected to the Web, I invited friends and TV people over to my house," and on a very slow dial-up connection, "we waited three and a half hours and got half a page.... We drank, watched TV and played cards, waiting. But I was so proud. I proved (to my house guests that) the Internet existed."[9] (At a conference in 2010, Ma revealed that he has never actually written a line of code nor made one sale to a customer. He acquired a computer for the first time at the age of 33.[10]) From 1998 to 1999, Ma headed an information technology company established by the China International Electronic Commerce Center, a department of the Ministry of Foreign Trade and Economic Cooperation. In 1999, he left the job and returned to Hangzhou with his team to found Alibaba, a China-based business-to-business marketplace site in his apartment with a group of 17 friends.[11] He started a new round of venture development with 500,000 yuan.

In October 1999 and January 2000, Two times Alibaba won a total of a $25 million international venture capital investment. The program was expected to improve the domestic e-commerce market and perfect an e-commerce platform for Chinese enterprises, especially small and medium-sized enterprises (SMEs), to address World Trade Organization (WTO) challenges. Jack Ma wanted to improve the global e-commerce system and from 2003 he founded Taobao Marketplace, Alipay, Ali Mama and Lynx. After the huge success of Taobao, eBay offered to purchase the company. However, Ma rejected their offer, instead garnering support from Yahoo co-founder Jerry Yang with a $1 billion investment.

In September 2014 it was reported Alibaba was having over $25 billion in an initial public offering (IPO) on the New York Stock Exchange . Alibaba became one of the most valuable tech companies in the world after raising $25 billion, the largest initial public offering in US financial history. Ma now serves as executive chairman of Alibaba Group, which is a holding company with nine major subsidiaries: Alibaba.com, Taobao Marketplace, Tmall, eTao, Alibaba Cloud Computing, Juhuasuan, 1688.com, AliExpress.com and Alipay. In November 2012, Alibaba's online transaction volume exceeded one trillion yuan. Ma was thus labeled "trillion Hou", meaning literally "Trillion Yuan Marquis" in Chinese.[citation needed] Ma has often been invited to lecture at universities such as the Wharton School at the University of Pennsylvania, Massachusetts Institute of Technology, Harvard University, and Peking University.

Contoversey

Jack had become the subject of criticism in 2007, after many people from across the world protested that the firm Alibaba raised huge profits through sales of animal products, through its portal. On behalf of his firm Alibaba and the interest of nature lovers across the world, Jack decided not to sell products made of Shark flesh through the online portal. As of 2016, Jack Ma is the owner of Chateau de Sours in Bordeaux, Chateau Guerry in Cotes de Bourg and Chateau Perenne in Blaye, Cotes de Bordeaux.

Major Work ,Award and Acheivements

Jack is mainly known for founder and CEO of the e-commerce giant website Alibaba, which is one of the top websites for selling a large range of products online. The Alibaba group, which is a tough competitor to other famous websites such as eBay, amazon , has helped Ma become the richest man in China and one of the world .

China Central Television had declared Jack in its Top 10 Business Leaders of the Year 2004. He was choosed as the Business person of the Year by the magazine Business Week and also featured in the list of Most Powerful Businesspeople in Asia, in 2005. 2009 was an eventful year in Jack life; he secured a spot in Time magazine list of World 100 Most Influential People. The internet giant also received the 2009 CCTV Economic Person of the Year: Business Leader of the Decade Award. The world-renowned Forbes magazine had named him as the 30th most powerful person in the world during 2014. At the Asian Awards ceremony held in 2015, he was selected with the Entrepreneur of the year award.

Quick Facts about Jack Ma

1. Jack Ma started his carrear has a teacher and teach english there.

2.In 1995,Jack Ma started his attempt to bring internet in China.

3.Jack Ma focues on whole world not only domestic market i.e China.

4.He is not a tech person.Yes ,He is not a coder.

5.Jack Ma is performer.His parents were both professional pingtan performers which is a traditional form of storytelling in China.

6. He is an martial art lover.

7.Jack Ma not afraid to admit mistakes.

8.He is in list of top 50 richest people in the world and top in China.