Jack Ma, a leading figure in the world of business and technology, has become one of the most influential figures in China. He is the founder of Alibaba Group, the largest e-commerce company in China and one of the largest in the world.
In this article, we will dig deeper into Jack Ma’s biography, his life journey, and how he became one of the richest men in China.
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Biography of Jack Ma – China’s Richest Man
From zero to hero, maybe that’s the only phrase that is rightly pinned for Jack Ma because it only took one night, he was declared the number one richest person in China or bamboo curtain country.
He used to be just an English teacher in this bamboo curtain country then turned into the number one billionaire in the country and entered the ranks of the 26th richest person in the world thanks to his business, Alibaba.com, which was successful in the first IPO (Initial Public Offering) which then led him to become a new rich man.
Before establishing his business, Alibaba.com, the founder or CEO of Alibaba.com was once only an English teacher. Before becoming a teacher, he had applied for jobs dozens of times but was always rejected, he applied to become an employee at KFC, but out of 24 people who applied, only 23 were accepted, where he was the only one who was not accepted.
When KFC entered China, out of 24 people who applied for a job there, only 23 were accepted and I was the only person who was rejected from working there – Jack Ma
In fact, he applied to 30 companies but all of these companies rejected his application, which made him change his mind to become an English teacher because he was fluent in English in addition to Mandarin.
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Life of Alibaba.com Founder Jack Ma
Jack Ma or Ma Yun was born in Hangzhou, Zhejiang Province, China on October 15, 1964. Jack Ma grew up in a humble neighborhood in Hangzhou in the 1980s. At that time, China was just opening up to the West. During his lifetime, he had to deal with various problems.
Ma was rejected at every school where he wanted to study. Even since elementary school, he had received rejection because his math exams were not so good. But Ma persevered and made it through. From the age of 12 to 20, she rode her bicycle for 40 minutes to hotels where she could learn English.
Eight years of hanging out with foreigners completely changed his outlook on life. Ma found himself thinking more globally than most Chinese. What the tourists told her was very different from everything Ma learned from teachers and books at school.
Ma first used the internet in 1995 when he searched for the words `beer` and `China`. But at that time, Ma did not find the expected search results through the internet. Armed with curiosity, he then created a website page for Chinese translation services with a friend. In just a few hours, he received many emails that were enough to help him build the site.
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Founding Alibaba.com
That incident was the triggering factor for the establishment of Alibaba Group four years later. Now, alibaba is the largest online retailer in China and is in second place in the world after Wal-Mart. He even started his career as an English teacher. However, his role in Alibaba has always been a key strategic position.
Its first site, Alibaba.com, was the first place to connect Chinese exporters with overseas buyers. His company was also able to quickly attract investors. Today, Alibaba is looking to take on eBay, the US-based online buying and selling site. Thanks to his persistence, Alibaba’s two sites, Taobao Marketplace and Tmall.com, now dominate China’s shipping portal system.
Without the slightest knowledge in technology and computerization, Jack Ma was able to become the founder of China’s largest online retailer, Alibaba Group. Thanks to his business, the former English teacher has become one of the richest billionaires in the world.
Many entrepreneurs have nicknamed him `Crazy Jack` because of his super crazy and fantastic business ideas. No one was sure that Jack could realize all his business ideas. Rather than talking about the greatness of the company, he would rather discuss how Alibaba can help many consumers, create jobs and serve society.
In the US, Ma found his dream. He traveled to Sillicon Valley and saw many cars passing by and super magnificent buildings. That’s where he found his fighting spirit to become a successful man.
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Alibaba.com IPO and becoming the number one billionaire in China
In August 2014, Jack Ma actually held the title of China’s richest billionaire. At that time, Ma’s fortune was predicted to skyrocket when Alibaba released its first shares in the US. Sure enough, the IPO held by Alibaba on the New York stock exchange last weekend scored fantastic numbers and set a world record.Thanks to the value of shares that jumped by 38 percent, Ma’s wealth has now increased to US$ 26.5 billion. He became the richest person in China and took 23rd place in the world’s billionaire ranks.Some other billionaires say, that’s just the beginning, Alibaba’s share price will continue to soar and pour more money into Ma’s pocket. The passion in Ma has turned a young man who was rejected by schools and dozens of companies into one of the richest billionaires in the world.
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