biography of Jack Ma

  biography of Jack Ma

 

Jack Ma Biography in English :

Jack Ma is a Chinese entrepreneur, who is the founder, former CEO, and current executive chairman of Alibaba, the world's largest online wholesale shopping site. According to April 2019, Jack Ma's current wealth is 40.1 billion US dollars! This huge wealth makes Jack Ma one of the richest people in the world today. A brief biography of Jack Ma, CEO of Alibaba.com and China's richest man.

 Jack Ma Biography - Jack Ma Biography in English  or Jack Ma Jivani English . A short biography of Jack Ma. Jack Ma Birth, Place, Life Story, Life History, Biography in English . Discussed in detail. Who is Jack's mother? Who is Jack Ma? Jack Ma is the leader of the popular trading site Alibaba.com and the richest man in China. Currently, Jack Ma's wealth is 25 billion dollars. Jack Ma has an 8% stake in Alibaba and about 50% in payment processing company Ali Pay.

 Jack Ma Birthday and Family: 

"Jack Ma Yun" was born on October 15, 1964, in Hang-chao City, Zhejiang Province, China, in a poor family. His parents were professional storytellers and musicians. The income in this profession was not very high. The second mother of two brothers and a sister, Yun would become such a big business magnate - no one would have dreamed that. 

Jack Ma's childhood :

 His first passion as a child was the English language. At that age, Jack Ma understood that there is no alternative to learning English to change the situation. Jack Ma used to work as a free guide for English-speaking tourists coming to Hang-Chao International Hotel, in exchange for listening to English! Jack Ma (Jack Ma) for 9 years he cycled 70 miles around the tourist area, just to learn English! 

  Jack Ma Education Life:

 Like Elon Musk or Barack Obama, Jack Ma was not a brilliant student. College entrance exams in China are held only once a year. All colleges had exams at the same time, and it took Jack 4 years to pass the exams and get a chance at college. Jack Ma graduated in 1988 from the English Department of Hang-Chao Teachers Institute (now Hang-Chao Normal University) with a BA degree. After that, in 2006, he took a degree in business education from the Cheung-Kong Graduate School of Business in Beijing.

Jack Ma's Failure: 

Jack Ma was truly a complete failure before Alibaba. After failing 4 times to get into college, when he passed out - he once again felt what failure is all about. This is the saddest, yet powerful part of Jack Ma's life story. Before joining Hang-Chao Tianji University as an English lecturer, he tried 30 jobs, and failed at every one.

 Jack Ma's introduction to the Internet:

 Jack Ma enjoyed his job as an English teacher. But the salary was very low. Only 12 dollars a month! Nothing can be done on this meager salary. His aim was to get out of poverty. Behind studying so hard was the desire to get rid of poverty. But despite getting a respectable job after his studies, his financial condition remained poor. Jack Ma once thought that he could start a business using his knowledge of English. In the early 90s, he opened his translation firm. For money, he would translate various things from Chinese to English, and from English to Chinese. Sometimes he also worked as an interpreter

Founding of Alibaba: 

From 1998 to 1999, Jack Ma worked as the head of an IT company under China's Ministry of Foreign Trade. After quitting his job in 1999, Jack Ma returned to his hometown of Hangzhou and together with 18 friends started the online wholesale site Alibaba. Talking about the history of Alibaba's naming, Jack Ma said: "At the beginning, I thought that since the Internet is a global thing, our company name should also be global, and the name should be easily recognized. At that time the name Yahoo was the best – I had been trying to come up with a name like that for a long time. Then it suddenly occurred to me that the name Alibaba might be good. As luck would have it, I was having lunch at a restaurant in San Francisco when the thought occurred to me. When the waitress came to serve the food, I asked her if she knew Alibaba. He said he knew. I asked, what is Alibaba? – He said “chiching fuck”! – Awesome! After going out on the street, I asked about 20 people about Alibaba. Everyone knows about Alibaba, 40 thieves and their treasure. I realized it could be a really cool name. So that everyone can catch and remember it at once, and the name starts with A”. In October 1999 and January 2000, Alibaba received a total investment of 25 million US dollars twice. Their plan was to develop China's domestic e-commerce market. And at the same time, helping China's small and cottage industries to compete in the international market. In 2003, Jack Ma founded Taobao Marketplace.

Jack Ma Personal life: 

Like Steve Jobs, Jack Ma prefers to keep his family and personal life out of the media. Not much information is available about his family background. While a student, Jack Ma met Cathy Zhang. Later they got married. Jack always acknowledges Cathy's contribution to Jack's success. At 5 feet 5 inches, Jack is not handsome at all. Jack was a failed man when he met Cathy. But still Cathy falls in love with Jack. Kathy later said: “It's true that he's not handsome. But there was, or is, something in him that I have never found in any other man”.

 Jack Ma's awards and recognition:

 Jack Ma Prizes: 

In 2004, China's national television announced him as one of the top 10 economic people of the year. This was his first major recognition. In 2005, the World Economic Forum selected him as a Young International Leader. In 2005, for the first time, he was included in the list of the 25 most powerful business people in the world. In 2008, Jack Ma was recognized as one of the top 30 CEOs in the world. In 2009, Time magazine named him one of the 100 most powerful people in the world. In 2009, Jack Ma was named one of the 10 most respected entrepreneurs in China. In the same year, China's state television awarded him the Business Leader of the Decade Award. In November 2013, Jack Ma was awarded an honorary doctorate degree by the Hong Kong University of Science and Tech.