2. BIOGRAPHY
Name : Jack Ma or Ma Yun
Born : 10 September 1964
Country : China
Education : B. A. From Hangzhou Normal University
Co founder & Executive Chairman of Alibaba Group
Net Worth : 35.6 Billion dollars
3. EARLY LIFE
Ma began to study English at a young age, by conversing with English-
speakers at Hangzhou international hotel. He would ride several miles on his
bicycle to reach that hotel.
Ma took four years to pass college entrance test. He attended Hangzhou
Teacher’s Institute and graduated in 1988 with a B.A. In English.
After graduation, he became a lecturer in English and at Hangzhou Dianzi
University.
4. BUSINESS CAREER:
At first he applied for 30 different jobs and got rejected by all.
After applying to several jobs, he finally hired by a nearby university as an English
teacher.
In 1994 he heard about Internet & also started his first company Hangzhou Haibo
Translation Agency.
In early 1995 he went to the US with his friends, who helped introduce him to the
internet.
As he came to know that there were no websites about china, Ma & his friends
created a website about china.
5. Within five hours of creating the website he had received emails from some
Chinese wishing to know about him.
This is when Ma realised that the Internet has something great to offer.
In April 1995, Jack & his friend opened first office for China pages.
Within three years, the company had made 5 Million Chinese Yuan which is
equivalent to US $800,000.
In 1999, he went back to Hangzhou with his team of 18 to start Alibaba.
6. ALIBABA:
Alibaba is a China based business to business marketplace site.
It currently serves more than 79 million members from more than 240
countries and territories.
Ma wanted to improve the global e commerce system and from 2003 he
founded Taobao Marketplace, Alipay and Lynx.
After rapid rise of Taobao, ebay offered to purchase the company but Ma
rejected their offer.
Alibaba has a unique fun culture for employees.
7. Ma served as executive chairman of Alibaba Group, which is holding company
with 9 major subsidiaries: Alibaba.com, Taobao Marketplace, Tmall, eTao,
Alibaba cloud computing, Juhuasuan, 1688.com, AliExpress.com & Alipay.
In November 2012, Alibaba’s online transaction crossed 1 Trillion Yuan.
Alibaba is world’s fastest growing e-commerce market, Transactions on its
online site totalled $768 billions last year more than of eBay & Amazon
combined.
Alibaba currently owns 80% of China’s e-commerce market.
9. REWARDS:
In 2004, he was chosen “Top 10 Business Leaders of the Year”.
In 2005, Ma was selected by the World Economic Forum as a “YoungGlobal
Leader”.
In 2007, He was selected by Businessweek as a “Businessperson of theYear”.
In 2008, He was selected as one of the 30 "World's Best CEOs" by Barrars.
In May 2009, Ma was honored by Time Magazine with inclusion into the Time
100 list of the world's 100 most influential people.