Biography of Jack Ma

Jack Ma, or Ma Yun (Chinese: 马云; [mà yn] born 10 September 1964), is the richest person in China and the second richest person in Asia and a retired Chinese business magnate, investor, politician and philanthropist. He's is the co-founder and former executive chairman of Alibaba Group, a multinational technology group. may be a strong proponent of an open and market driven economy.

Jack ma;

Birth name: ma yun

Born 10 September 1964 (age 55)

Hangzhou, China

 Education Hangzhou Normal University (BA)

The business

business magnate

Investors

Politician

Philanthropist

Known for being the co-founder and head of Alibaba Group [1]

Total value US $ 41.1 billion (October 2019)

Political Party Communist Party of China

Husband (s) Zhang Ying

Children 3

A prominent business leader, Ma is seen as a global ambassador for Chinese business and is often listed by the Bloomberg Billionaires Index and Forbes as the world's most powerful people and the world's 20th richest person . He also is a task role model for startup businesses. In 2001, he was ranked second in the annual "World 50 Greatest Leaders" list by Fortune. In September 201201, he announced that he would retire from Alibaba and work effectively in a year, with Daniel Zhang making him acting chairman.

As of 2 February 2019, he is the richest man in China with a net worth of $ 41.1 billion, as well as one of the wealthiest people in the world and ranked 21st in Forbes magazine's world's most powerful people

 

Early life and education:

Ma was born on September 10, 1964 in Hangzhou, Zhejiang, China. He began studying English at an early age by interacting with English speakers at Hangzhou International Hotel. He would travel 70 miles on his bicycle to give tours to the tourists of the area to practice his English for nine years. He became a pen pulse with one of the foreigners who nicknamed him "Jack" because he found it difficult to pronounce his Chinese name.

 

Later in her youth, Ma struggled at the college she attended. The Chinese entrance exam is only held once a year and Ma takes four years to pass. Ma attended the Hangzhou Teachers Institute (currently known as Hangzhou Normal University) and graduated in 1988 with a BA in English. In school, Ma was the head of the student council. After graduation, he became a lecturer in English and International Business at Hangzhou Diazi University. He applied to Harvard Business School (HBS) ten times and was rejected.

Career:

Jack Ma had a very challenging start to his career. Jack Ma applied for jobs in 30 different places, but each time he felt disappointed. Jack Ma was the first to apply for a police job, but seeing his deal, he flatly refused. After this, he once also got a job in KFC when KFC came to his city for the first time. 24 people had applied for this job, out of which 23 people were selected but the only Jack Ma was not selected. This shows what proportion Jack Ma ate at the start of his career.

Jack Ma listened to the Internet for the first time in 1994. In the beginning of 1995, he went to America with the help of his friends, where he saw the Internet for the first time. Jack Ma had never run the internet before, when he first ran the internet, he discovered the word "beer". They received many information related to Beer from different countries, but they got shocked seeing that the name of China was not said in that search. The next time he tried to find general information about China, but then he was shocked that no information was available to China on the Internet.

Alibaba company start:

After doing government work for a few days, he came back to the village and agreed to invest 18 of his friends. And thus together with his friends he laid the foundation of an "Alibaba" company (a startup at the time). In the initial phase, the office of this company built its own apartment. These days he had no other capital other than the investment of his friends, but later by 19, with the help of some other companies, his investment increased to $ 25 million.

After winning the trust of Chinese people and teaching them to do business on the Internet, now this company has become one of the largest companies in the world. The journey of a small village boy who did not have even a single rupee to spend, was successful in setting up such a big company just because he had the passion to do something, he had the urge to do something and Most importantly, he had curiosity to learn something new all the time. The person who is summoned to learn is sure to touch his success. Even after failing for a thousand times, one day one reaches the level of success which we find impossible.

Jack Ma went to the USA:

Jack Ma heard the name of the Internet for the first time in 1994. Jack Ma went to the US in 1995 to learn about the Internet with the help of his friends. In America, he first saw and ran the Internet. He first searched the word Bear on the Internet, where he got a lot of information about the word Bear from other websites. When he paid good attention, he saw that there is no information about it in the Chinese language on the Internet.

Even he did a search on the Internet about the country of China, about which he could not find anything on the Internet. Jack was very unhappy at not getting the information of his country on the internet because he felt that in the field of technology, China was far behind than other countries Jack Ma made the first website of information about China. Jack Ma and his American friend together created their first website filled with information about China. Within a couple of hours of creating, Jack Ma started receiving emails from some Chinese people. Seeing this, Jack Ma came to understand about the strength of the web.

Entertainment career:

In 2017, Ma made her acting debut with the first Kung Fu short film Gong Shau Da. It was filmed in collaboration with Double 11 Shopping Carnival Singles Day. In the same year, she also participated in a singing festival and danced during Alibaba's 18th anniversary party.

 

Charity

Jack Ma is that the founding father of the Jack Ma Foundation, a philanthropic organization focused on improving education, the environment, and public health.

 

In 2008, Alibaba donated $ 808,000 to the victims of the Sichuan earthquake. In 2009, Jack Ma became a trustee of the Nature Conservancy's China program, and in 2010 he joined the organization's global board of directors.

 

In 2015, Alibaba started a non-profit organization, the Alibaba Hong Kong Young Entrepreneur Foundation, which supports Hong Kong entrepreneurs to assist  them grow their businesses. During the same year, the company financed the reconstruction of 1,000 homes killed by the earthquake in Nepal, and raised funds for another 9,000.

 

In 2019, Jack Ma's foundation launched the Netponeur initiative, which offers ten African entrepreneurs with ten awards of one million dollars per year and launched a fund with $ 14.6 million to develop education in Tibet.

Precious thoughts of Jack Ma:

1. You have to be very focused on your bad days and you have to trust your mind and not your strength.

2. You should learn from your opposition but never copy. If you have copied then understand it.

3. Patience is most important in you.

4. We are never short of money. If we have a shortage then people of dreamers who can die for their dreams.

5. Never compete on prices, but compete on services and innovation.

6. Instead of learning from others, learn from their mistakes. Most people who fail are the same due to their failure whereas many reasons for success can be found.

7. If Alibaba is not able to become Microsoft or Wall-Mart, then I will regret the rest of my life.

8. I want people to know what democracy means.

9. Alibaba is a system that helps small businesses thrive.