Jack Ma biography in English

Jack Ma Alibaba Group

About Jack Ma

• Jack ma- is the founder &  chairman of Alibaba group. Alibaba is the Chinese e-commerce company. 
• Jack ma was born on 10 September 1964 in Hangzhou Also Known As(Ma Yun) in china.
• Jack Ma is one of the world’s greatest living examples of entrepreneurship in the world. Once a poor boy who survived by guiding tourists,
• One of the first steps his took in this regard was to improve his communication skills by learning English.
• Jack was one of the first  individuals who saw Internet as a business opportunity even at a time when the rest of the world didn’t believe in his thoughts.
• After starting his first venture using  $20000, the entrepreneur earned around $800,000 in a matter of just three years.
• However, it is the e-commerce based venture, ‘Alibaba’, which he founded in the early 2000s that catapulted this entrepreneur to globally famous. 
• The revenue earned by the firm has helped him to reach the zenith of success and made him the richest man in China. 
• He even co-founded a few other similar ventures which were also successful, one of these was the e-commerce website called ‘Taobao’.
• Jack has also been a received of many awards over the years; a few of these include featuring in world-renowned magazines such as ‘Forbes’, ‘Time’ and others
• A former English teacher, Jack Ma confounded Alibaba Group, one of the world's largest e-commerce businesses.
• In September 2019, Jack Ma stepped down as Alibaba's executive chairman; he is succeeded by CEO Daniel Zhang.
• Its 2014 IPO in New York set a record as the world's biggest public stock offering, raising $25 billion.
• Ma's investments beyond Alibaba include stakes in Chinese entertainment industry firms Huayi Brothers and Beijing Enlight Med

Childhood & Early Life

• Jack was born to parents, who were involved in a profession of storytelling through music, on the 10th of September, 1964. The place of his birth was Hangzhou city located in the Zhejiang Province of China.

• Since a really young age the lad was very keen on gathering knowledge about English and tried his best to communicate better in the language. Ma passion to be a better speaker used to even drive him to a hotel located near his residence,which was frequented by foreigner

• The youngster even started guiding tourists in visiting sight-seeing places around the city. The aim was to spend more time with native English speakers in a bid to gain a command over the language.Simultaneously, Ma also aspired to enroll in a university and even attended exams for the same reason, but remained unsuccessful.

• He then joined the ‘Hangzhou Teacher’s Training Institute’ to pursue a Bachelor’s degree in English. Jack ma graduated from the institution in the year 1988.

Career

• In the mid 1990’s Jack got to know about the existence of the internet and began seeing this new trend in technology as a great business opportunity. Ma even frequently visited the United States in 1995 to learn more about the internet. One of his friends even showed him how to connect to a website.

• The same year, he even raised a fund of $20000 to start his own firm with an intention of solely focusing on the internet.The purpose of the company was to create websites for their clients. Despite the fact that this sort of business was moderately new, Jack figured out how to win an astounding $800000 in a matter of only 3 years.

• His success in the field of internet, led to Jack’s appointment as the head of a firm governed by the agency ‘China International Electronic Commerce Center’, in 1998. He kept working right now firm for the following one year.

• After stepping down from his responsibilities in 1999, Jack founded a company named ‘Alibaba’ along with many other friends. The intention was to create a website which is more like a one stop shop for business to business transactions.

• During 1999-2000, the company received a financial backing of $25 million, which significantly helped in the growth of the company.  The organization's business before long extended to around 240 distinct countries.

• Jack next tried to venture into e-business, which he could foresee as a great money making scheme of the 21st century.Right now, likewise established numerous organizations, for example, 'Taobao', 'Lynx' and 'Ali Mama'.

• "Taobao" started trending over the internet as a top e-commerce website and even grabbed the attention of the giant of the business, ‘e-bay’, which was keen on acquiring the firm.However, Ma was uninvolved in going into any sort of securing manage the firm.

• "Taobao" also grabbed the attention of another famous internet shark, ‘Yahoo’. The firm invested $1 Billion in Jack’s venture.

• 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.  For the benefit of his firm 'Alibaba' and the enthusiasm of nature darlings over the world, Jack chose not to sell items made of Shark tissue through the online gateway.

Major Works

• Jack is principally known for being the originator of the web based business Goliath 'Alibaba', which is one of the top sites in the business.. 
• This firm, which is likewise a solid contender to different renowned sites, for example, 'eBay', has helped Ma become the most extravagant man in China.

Awards and Achievements

1. China Central Television had mentioned Jack in its ‘Top 10 Business Leaders of the Year’ list, compiled for the year 2004.
2. He was named the ‘Businessperson of the Year’ by the ‘Business Week’ magazine and also featured in the list of ‘25 Most Powerful Business people in Asia’, in 2005.
3. 2009 was an eventful year in Jack’s life; he secured a spot in ‘Time’ magazine’s list of ‘World’s 100 Most Influential People’. 
4. The web monster additionally got the '2009 CCTV Economic Person of the Year: Business Leader of the Decade Award'.’.
5. The world-renowned ‘Forbes’ magazine had named him as the 30th most powerful person in the world during 2014.
6. At the ‘Asian Awards’ ceremony held in 2015, he was felicitated with the ‘Entrepreneur of the year’ award.
7. Personal Life & Legacy-
8. Ma tied the knot with a woman named Zhang Ying, whom he had first met while studying at the ‘Hangzhou Teacher’s Institute’. 
9. Zhang even assumed a significant job in starting Jack's first undertaking..
10. The couple later became parents to two children, a son as well as a daughter.

Net Worth

• According to Forbes, Jack’s net worth was estimated to be around $42.3 billion, as of feb-2020.

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