The 55-year-old businessman Jack
Ma is from China, A politician and investor. Alibaba's co-founder Jack Ma
retired as the company's Executive Chairman in September 2019. The chairman of
Softbank Group's board, Jack Ma, has stepped down after serving for around 13
years. Alibaba is an international tech conglomerate.
A global brand ambassador for
Chinese business, Jack Ma is one of the world's most powerful people and has
an Inspiring Life Story. As of April 2020, Jack
Ma is the second richest person in China, with a net worth of $42.1
Billion.
The Childhood and Education of Jack Ma (jack ma bio)
Jack Ma was born in Hangzhou,
Zhejiang, China, on September 10, 1964, as Ma Yun. He learned English at a very
early age. When he was nine years old, Jack Ma rode a bicycle 27
kilometers to guide tourists to practice his English. Continuing his pen pal
relationship, Jack Ma was nicknamed Jack by a foreigner because his Chinese
name was difficult to pronounce.
Earlier, Jack Ma attended Hangzhou Teacher's Institute (now Hangzhou Normal University). Jack Ma graduated with a bachelor's degree in English in 1998. He began teaching English and international trade at Hangzhou Dianzi University after graduating. Despite trying 10 times to enroll at Harvard Business School, Jack Ma failed each time.
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Jack Ma: A Career in
Business
Jack Ma has applied for 30 jobs without success.
During his interview for a police job, the interviewer said that he wasn't
good. He went to KFC with 24 other people, but he didn't get a job.
In 1994, Jack Ma heard about the
Internet and started the Hangzhou Haibo Translation Agency.
Jack Ma and his friends visited
the United States in 1995. In the US, he found beer-related information from
several countries excluding China. China is barely discussed on the Internet at
all. Consequently, Jack Ma created 'ugly' website related to China with his
friends and launched it at 9:40 AM. A dozen or more investors began sending
Jack e-mails by 12:30.
'China Pages' is Jack Ma's
second company, founded in 1995 with He Yibing. Jack Ma and He Yibing
registered Chinapages.com on May 10, 1995. It had a valuation of 800,000 USD
within 3 years.
Jack Ma began building websites
for different Chinese companies after the success of China Pages. However, Jack
Ma revealed in 2010 that he never wrote any code or made any sales to
customers.
Ma was president and CEO of
an IT company established by the China International Electronic Commerce
Center, Ministry of Foreign Trade and Economic Cooperation, from 1998-1999.
After resigning in 1999, Jack Ma founded Alibaba with 18 friends.
Alibaba attracted $25 million in
foreign investment twice, in October 1999 and January 2000. Jack Ma founded
Taobao Marketplace, Alipay, Ali Mama and Lynx to improve the global e-commerce
system. The company offered to buy Taobao, but Ma declined. Jerry Yang, the
co-founder of Yahoo, invested $1 billion in Taobao.
Alibaba rose over $25 billion in
its IPO in September 2014 to become one of the most valuable technology
companies on the planet. Alibaba became the largest public offering in US
history. Jack Ma leads the Alibaba Group, which consists of Alibaba.com, Taobao
Marketplace, Tmall, eTao, Alibaba Cloud Computing, Juhuasuan, 1688.com,
AliExpress.com, and AliPay.
Alibaba's online transactions
exceeded one trillion yuan in November 2012. Jack Ma founded the Hupan School
in 2015.
During a meeting with President
Donald Trump on January 9, 2017, Jack Ma discussed 1 million job openings at
Alibaba in the coming five years.
As of September 2018, Jack Ma
will step down as executive chairman of Alibaba Group.
His announcements sparked reports he was forced out by Chinese officials, a
claim he later denied, stating that he wants to focus on philanthropy. Daniel
Zhang is currently the CEO of Alibaba.
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Jack Ma's career in
entertainment
Jack Ma made his acting debut in
2017 with the kung fu short film Gong Shou Dao. As part of Alibaba's
18th-anniversary celebrations, Jack Ma took part in a singing festival and
performed several dances.
Philanthropy: Jack Ma
Jack Ma founded the Jack Ma Foundation
to improve public health, education, and the environment.
Alibaba donated $808,000
after the Sichuan earthquake in 2008. Jack Ma joined The Nature Conservancy's
China program in 2009 and became one of its Directors in 2010.
Alibaba Hong Kong Young
Entrepreneurs Foundation was launched in 2015 to support Hong Kong's emerging
entrepreneurs. In the same year, Alibaba funded the reconstruction of
quake-damaged houses in Nepal.
His retirement from Alibaba
happened because of his philanthropic work, educational work, and environmental
causes.
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Forbes has given him the
'Malcolm S. Forbes Lifetime Achievement Award' for his support of
underprivileged communities in Africa, Asia, the Middle East, and China. His
name was listed as one of Asia's 2019 Heroes of Philanthropy.
To ease the distress caused by
the Coronavirus pandemic, Alibaba Foundation and Jack Ma Foundation launched
several initiatives in 2020. It donated medical supplies
to several countries, including the United States, Asia, Africa, and Europe.
