Biography of Jack Ma, Founder of Alibaba, China's Largest E-Commerce

In just one night, Jack Ma managed to gain recognition as the richest person and was ranked number one in China's bamboo curtain country. So it's only natural that then we attach the phrase From zero to hero to this Jack Ma.

Previously, Jack Ma was only an English teacher in China. But now, Jack Ma is not only predicated as the number one richest person in the bamboo curtain but is also ranked 26th in the order of the richest people in the world. All thanks to the results of the business, namely Alibaba.com which was successful in gaining profits in the Initial Public Offering (IPO).

At first, before deciding to become a teacher, Jack Ma had repeatedly failed in applying for jobs. In total, he has applied for 30 companies, but none of them want to hire him. Even when he applied to become a KFC employee, out of 24 applicants he was the only applicant whose application was rejected. Because of this, he finally changed direction to become an English teacher. Because Jack Ma not only uses Mandarin but also speaks fluent English.

The Life of Jack Ma Founder of Alibaba.com

Also known as Ma Yun, Jack Ma was born on October 15, 1964 to be precise in Hangzhou, Zhejiang province. In the 1980s, Jack Ma grew up in a simple population environment and experienced many problems because at that time the Chinese state had just opened up to western nations.

Since reaching school age, Ma has often been rejected at various schools. Even when he wanted to enter elementary school, Ma was rejected just because his math test scores were considered bad. Luckily Ma survived and was able to get through it, when he was 12 to 20 years old, Ma rode his bicycle for 40 minutes to get to the hotel where he studied English.

JD Lasica from Pleasanton, CA, US, CC BY 2.0, via Wikimedia Commons

Because he has been hanging out with foreign tourists for 8 years, and often listening to their stories that are very contradictory to what Ma learns at school and from books, Ma's outlook on life has changed. He feels that he has a more global mind than the majority of the rest of China's population.

In 1995, Ma used the internet for the first time and searched for the words 'beer' and 'China'. But to no avail, he didn't get the information he needed. Because of his curiosity, Ma and a friend then created a website for a Chinese translation service. Within a few hours, Jack received many emails that could be considered quite useful for him to build the site.

Founded Alibaba.com

Because of this incident, 4 years later Alibaba Group was founded. Alibaba is the largest online retailer in China and is ranked second in the world after Wal-Mart. Who would have thought, Jack Ma who used to be just an English teacher, managed to set up one of the biggest online companies today. You can visit the official website at alibaba.com.

Source: alibaba.com

Alibaba.com, as its first website, is the first place to connect Chinese exporters with overseas buyers. Alibaba Group is also able to attract investors quickly. Even now Alibaba is targeting to beat the online buying and selling site eBay which is headquartered in the United States. Because of their hard work and persistence, Taobao Marketplace and Tmall.com, which are two Alibaba-owned sites, are now successfully dominating China's shipping portal system. It turned out that a Jack Ma who did not have the slightest knowledge in technology and computerization was able to successfully become the founder of the Alibaba Group, which is the largest online retailer in China. And because of the success of his business, this former English teacher could become one of the richest billionaires in the world.

Lazada is a subsidiary of alibaba in Indonesia. Lazada has become an old player and is quite popular among the people of Indonesia. Lazada is also present in a number of Asian countries and is a marketplace that is quite in demand, following several other e-commerce sites such as Shopee. Alibaba bought to acquire Lazada in 2016 and poured funds of 1 billion dollars or around 14 trillion rupiah.

'Crazy Jack' is the nickname that another entrepreneur gave to Jack Ma for his super crazy and fantastic business ideas. No one even thought that Jack could realize all of his business ideas. Jack rarely talks about the greatness of his company. He often talks about Alibaba's success in creating jobs, serving and helping consumers and society.

When Ma visited Silicon Valley, USA and saw super majestic buildings and cars milling about on the road, he seemed to have found his fighting spirit to become a successful man.

Alibaba.com IPO and become China's number one billionaire

Jack Ma has been the richest billionaire in China since August 2014. But his fortune is predicted to soar upon the release of his initial shares in the US. And sure enough, after the IPO held by Alibaba on the New York stock exchange last weekend, it scored a fantastic number of up to 38 percent and created a world record. Ma's assets increased to US$ 26.5 billion.

N509FZ, CC BY-SA 4.0, via Wikimedia Commons

In addition to being the richest person in China, Ma is also ranked 23rd in the list of world billionaires. Even other billionaires predict that this is only the beginning, Alibaba's stock price continues to soar will bring more coffers of money into Jack Ma's pocket. Because of this high self-confidence and enthusiasm, he was finally able to change the fate of the young man who was always rejected by the company into one of the richest billionaires in the world.

Ok, so this article is about the biography of Jack Ma, the founder of Alibaba. Hopefully useful and a motivation for all of us. That's all, and see you in another interesting article.