22/2/2017 JackMaWikipedia

JackMa
FromWikipedia,thefreeencyclopedia

MaYun(Chinese:,[myn]bornSeptember10,1964),[3]
knownprofessionallyasJackMa,isaChinesebusiness JackMa
magnatewhoisthefounderandexecutivechairmanofAlibaba
Group,afamilyofsuccessfulInternetbasedbusinesses.Heis
thefirstmainlandChineseentrepreneurtoappearonthecover
ofForbes.[4]

Contents
1 Earlylife
2 Career
3 Accomplishments
4 Views
5 Personallife JackMa,2008atWorldEconomicForum
6 Notes
7 References Nativename (MYn)
8 Externallinks Born 10September1964
Hangzhou,Zhejiang,China
Residence Hangzhou
Earlylife Almamater HangzhouNormalUniversity,
CheungKongGraduateSchoolof
MawasborninHangzhou,ZhejiangProvince,China.Ma
startedtostudyEnglishatayoungageandpracticedEnglish Business(CKGSB)[1]
dailybyconversingwithEnglishspeakersatHangzhouhotel,a Occupation FounderandExecutiveChairmanof
40minutebikeridefromhishome.Hewouldgivethemtours AlibabaGroup
aroundthecityforfreetoimprovehisEnglish.[5]Hedidthisfor Networth US$22billion[2]
nineyears.Hebecamepenpalswithoneofthoseforeigners,
whonicknamedhim"Jack"becausehefoundithardto Spouse(s) (CathyZhngYng)
pronouncehisChinesename. Children 2

Laterinhisyouth,Mastruggledtoattendcollege.TheChinese
entranceexamsareheldonlyonceayearandittookMafour JackMa
yearstopass.Afterthat,[6]MaattendedHangzhouTeacher's TraditionalChinese
Institute[7](currentlyknownasHangzhouNormalUniversity)
andgraduatedin1988withaB.A.inEnglish.Whileatschool,
SimplifiedChinese
Mawastheheadofstudentcouncil.[5][5]Aftergraduation,he Transcriptions
becamealecturerofEnglishandInternationalTradeat StandardMandarin
HangzhouDianziUniversity.HelaterenrolledatBeijingbased
HanyuPinyin MaYun
CheungKongGraduateSchoolofBusiness(CKGSB)and
graduatedin2006.[1] IPA [myn]
Wu
Career Suzhounese MYin
Yue:Cantonese
Aftergraduation,Maappliedfor30differentjobsandgot
rejectedbyall."Iwentforajobwiththepolicetheysaid, YaleRomanization MhWhn
'you'renogood,'"MatoldinterviewerCharlieRose."Ieven Jyutping maa5wan4
wenttoKFCwhenitcametomycity.Twentyfourpeoplewent
forthejob.Twentythreewereaccepted.Iwastheonly
guy...".[8]Inadditionheapplied10timesforHarvardandgotrejected.[8]

1994,MaheardabouttheInternet.Inearly1995,hewenttotheUSandwithhisfriends'helphegotintroducedto
theInternet.Duringhisfirstencounterhesearchedtheword"beer".Althoughhefoundinformationrelatedtobeer
frommanycountries,hewassurprisedtofindnonefromChina.Further,hetriedtosearchforgeneralinformation
aboutChinaandagainwassurprisedtofindnone.Soheandhisfriendcreatedan"ugly"websiterelatedto
China.[9]WithinfivehoursofcreatingthewebsitehehadreceivedemailsfromsomeChinesewishingtoknow
abouthim.ThisiswhenMarealizedthattheInternethadsomethinggreattooffer.InApril1995,Ma,hiswifeand

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afriendwentaround,askedforUSD20,000,andstartedtheirfirstcompany.Theircompanywasdedicatedto
creatingwebsitesforcompanies.Henamedtheircompany"ChinaYellowPages."Withinthreeyears,hiscompany
hadmade5,000,000ChineseYuanwhichwasequivalenttoUSD800,000.

MabeganbuildingwebsitesforChinesecompanieswiththehelpoffriendsintheUS.Hehassaidthat"thedaywe
gotconnectedtotheWeb,IinvitedfriendsandTVpeopleovertomyhouse,"andonaveryslowdialup
connection,"wewaitedthreeandahalfhoursandgothalfapage....Wedrank,watchedTVandplayedcards,
waiting.ButIwassoproud.Iproved(tomyhousegueststhat)theInternetexisted."[10](Ataconferencein2010,
Marevealedthathehasneveractuallywrittenalineofcodenormadeonesaletoacustomer.Heacquireda
computerforthefirsttimeattheageof33.[11])

From1998to1999,MaheadedaninformationtechnologycompanyestablishedbytheChinaInternational
ElectronicCommerceCenter,adepartmentoftheMinistryofForeignTradeandEconomicCooperation.In1999,
hequitandreturnedtoHangzhouwithhisteamtofoundAlibaba,aChinabasedbusinesstobusinessmarketplace
siteinhisapartmentwithagroupof18friends.[12]Hestartedanewroundofventuredevelopmentwith500,000
yuan.

InOctober1999andJanuary2000,Alibabatwicewonatotalofa$25millionforeignventurecapitalinvestment.
Theprogramwasexpectedtoimprovethedomesticecommercemarketandperfectanecommerceplatformfor
Chineseenterprises,especiallysmallandmediumsizedenterprises(SMEs),toaddressWorldTradeOrganization
(WTO)challenges.Mawantedtoimprovetheglobalecommercesystemandfrom2003hefoundedTaobao
Marketplace,Alipay,AliMamaandLynx.AftertherapidriseofTaobao,eBayofferedtopurchasethecompany.
However,Marejectedtheiroffer,insteadgarneringsupportfromYahoocofounderJerryYangwitha$1billion
investment.

InSeptember2014itwasreportedAlibabawasraisingover$25billioninaninitialpublicoffering(IPO)onthe
NewYorkStockExchange.[13]Alibababecameoneofthemostvaluabletechcompaniesintheworldafterraising
$25billion,thelargestinitialpublicofferinginUSfinancialhistory.Manowservesasexecutivechairmanof
AlibabaGroup,whichisaholdingcompanywithninemajorsubsidiaries:Alibaba.com,TaobaoMarketplace,
Tmall,eTao,AlibabaCloudComputing,Juhuasuan,1688.com,AliExpress.comandAlipay.

InNovember2012,Alibaba'sonlinetransactionvolumeexceededonetrillionyuan.Mawasthuslabeled"trillion
Hou",meaningliterally"TrillionYuanMarquis"inChinese.

MahasoftenbeeninvitedtolectureatuniversitiessuchastheWhartonSchoolattheUniversityofPennsylvania,
MassachusettsInstituteofTechnology,HarvardUniversity,andPekingUniversity.[14]

Asof2016,MaistheownerofChteaudeSoursinBordeaux,ChateauGuerryinCtesdeBourgandChteau
PerenneinBlaye,CtesdeBordeaux.[15]

OnJanuary9,2017,MatalkedwithUnitedStatesPresidentDonaldTrumpatTrumpTowerabouthowtocreate1
millionUSjobsinfiveyears.[16]

Accomplishments
In2004,ChinaCentralTelevisionanditsviewersselectedMaasoneofthe"Top10BusinessLeadersofthe
Year".[17]

InSep2005,WorldEconomicForumselectedMaasa"YoungGlobalLeader".[17]FortuneMagazinealsoselected
himasoneofthe"25MostPowerfulBusinesspersoninAsia".Businessweekalsoselectedhimasa
"BusinesspersonoftheYear"[18]in2007,andBarron'schosehimasoneofthe30"WorldsBestCEOs"in
2008.[19]

InMay2009,TimemagazineselectedMaasoneoftheworlds100mostpowerfulpeople.InreportingMas
accomplishments,AdiIgnatius,formerTimesenioreditorandeditorinchiefoftheHarvardBusinessReview,
notedthat"theChineseInternetentrepreneurissoftspokenandelflikeandhespeaksreallygoodEnglish"and
remarkedthat"Taobao.com,Mr.Ma'sconsumerauctionwebsite,conqueredeBayinChina."[20]In2014,hewas
againincludedinthelist.[21]BusinessWeekchosehimasoneofChina'sMostPowerfulPeople,.[22]ForbesChina
alsoselectedhimasoneoftheTop10MostRespectedEntrepreneursinChinabyin2009.Mareceivedthe2009
CCTVEconomicPersonoftheYear:BusinessLeadersoftheDecadeAward.

In2010,MawasselectedbyForbesAsiaasoneofAsiasHeroesofPhilanthropyforhiscontributiontodisaster
reliefandpoverty.[23]

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In2011itwasannouncedthatoneofhiscompanieshadgainedcontrolofAlipay,formerlyasubsidiaryofAlibaba
Group,soasto"complywithChineselawgoverningpaymentcompaniesinordertosecurealicensetocontinue
operatingAlipay.[24]NumerousanalystsreportedthatMasoldAlipaytohimselfbelowmarketvaluewithout
notifyingtheboardofAlibabaGrouportheothermajorownersYahooandSoftbank,whileMastatedthatAlibaba
Group'sboardofdirectorswereawareofthetransaction.TheownershipdisputewasresolvedbyAlibabaGroup,
Yahoo!andSoftbankinJuly2011.[25]

MawasawardedanhonorarydoctoraldegreebytheHongKongUniversityofScienceandTechnologyin
November2013.[26]

MaisaboardmemberofJapansSoftBankandChinasHuayiBrothersMediaCorporation.Hebecameatrustee
ofTheNatureConservancysChinaprogramin2009andjoineditsglobalboardofdirectorsinApril2010.In
2013,hebecamechairmanoftheboardforTheNatureConservancy'sChinaProgramthiswasonedayafterhe
steppeddownfromAlibabaascompanyCEO.[27][28]MaisthefirstChinesecitizentoserveonTheNature
Conservancysboard.

In2014,hewasrankedasthe30thmostpowerfulpersonintheworldinanannualrankingpublishedby
Forbes.[29]

In2015,AsianAwardhonouredhimtheEntrepreneuroftheYearaward.[30]

Views
In2007,inresponsetoworldwidecriticismofthepracticeofkillingsharksfortheirfins,Maannouncedthathe
andhisfamilyhad"swornoffsharkfinsoupnowandforever."Mahasstatedthatmomentcreatedanewfound
interestinenvironmentalismthatwouldshapehisfutureethos.InJanuary2009,AlibabaGroupreviseditslisting
policyandbannedthesaleofsharkfinproductsonallofitsecommerceplatforms.[31]

AttheAlibaba.comannualshareholdersmeetinginMay2009,Maencouragedthoseinattendancetotakeaction
bystartingbusinessestocopewiththeeconomicdownturnratherthanwaitingforgovernmentorbusinesstohelp
them.Heremindedeveryonethatthegreatfortunesoftheworldweremadebypeoplewhosawopportunitiesthat
othersdidn't,andhenotedthattheaftermathoftherecentglobalrecessionwouldbenodifferentintermsof
exposingnewwaysofdoingbusiness.

AttheannualgeneralmeetingofshareholdersforAlibaba.cominMay2010,MaannouncedAlibabaGroupwould
beginin2010toearmark0.3%ofannualrevenuetoenvironmentalprotection,particularlyonwaterandairquality
improvementprojects.OfthefutureofAlibaba,hehassaidthat"ourchallengeistohelpmorepeopletomake
healthymoney,'sustainablemoney,'moneythatisnotonlygoodforthemselvesbutalsogoodforthesociety.
That'sthetransformationweareaimingtomake."[32]

In2015MamadehisfirstpurchaseofconservationlandoutsideChinawhenheboughta28,100acreproperty
namedBrandonParkinPaulSmiths,NewYork,inAdirondackParkfor$23million.[33]

Personallife
JackMaismarriedtoZhangYing.[34]Theyhaveasonandadaughter.[35]

MamethiswifewhentheywerestudyingatHangzhouNormalUniversity.[35]Theymarriedshortlyafter
graduatinginthelate1980s.Bothbeganworkingasteachers.[35]

AccordingtoMaandhisassistant,MahadbeenstudyingandpracticingChenstyleTaiChiChuan,aChinese
martialartsform,inHangzhouforsometimewhenin2009hebeganstudyingwithWngX'an,awellknown
martialartsmasterandteacher.In2011,MahiredseveraltournamentwinningTaiChiplayerstoteachatAlibaba.
Wang,JetLi,andMateachregularclassesatAlibaba,atwhichattendancebyemployeesismandatory.Ma's
vision,accordingtohisassistant,isthatonedaypeoplewillrememberhimaboveallasaTaiChimaster,rather
thansolelyasthefounderofChina'slargestinternetcompanyandonlineshoppingwebsite.[36]

Notes
1."AlumniProfiles".English.ckgsb.edu.cn.Retrieved20150602.
2.http://www.celebritynetworth.com/richestbusinessmen/ceos/jackmanetworth/

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3.Tausche,Kayla(10September2014)."Alibaba'sJackMagetsspecialgiftfor50thbirthday".CNBC.com.Retrieved
5January2016.
4.http://www.forbes.com/billionaires/#version:static.Missingorempty|title=(help)
5.Fannin,Rebecca(20080101)."HowIDidIt:JackMa,Alibaba.com".Inc.Magazine.Retrieved20100412.
6.Rose,Charlie(20150129)."Alibaba'sJackMaonEarlyObstacles,HisAmbitions".Bloomberg.com.Retrieved
20150602.
7."AlibabaGroup".News.alibaba.com.Retrieved20160305.
8."CharlieRoseTalkstoAlibaba'sJackMa".Bloomberg.
9."".Miaopai.com.Retrieved20160305.
10.Barboza,David(August15,2005)."NewPartnerforYahooIsaMasteratSelling".TheNewYorkTimes.
11.Mellor,William(10November2014)."MaSaysAlibabaShareholdersShouldFeelLove,NotNo.3".Bloomberg.
Bloomberg.Retrieved10November2014.
12.Popovic,Stevan(May4,2014)."JackMa:ThemanleadingtheChineseecommercemarket".HotTopics.
13."IPOlaunchofAlibabapushedbackbyaweek".ChinaNationalNews.com.1September2014.Retrieved1September
2014.
14."_".Baike.baidu.com.Retrieved20150602.
15."CompanynewsBrownFormanwillbecome100%ownerofFinlandia".Decanter.U.S.8June2016.Retrieved23June
2016.
16."Alibabajobboom:JackMachatswithTrumpabouthowtocreate1millionUSjobsover5years".CNBC.9January
2017.
17."Alibaba.com:ASmilingCommunitywithaDream"(PDF).Archivedfromtheoriginal(PDF)on20131215.
18."TheBestLeadersof2007BusinessWeek".Images.businessweek.com.Retrieved20160305.
19."World'sBestCEOs2008".Barrons.com.March24,2008.
20.Ignatius,Adi(30April2009)."The2009TIME100:JackMa".TIME.com.Retrieved23September2014.
21."JackMa:TheWorld's100MostInfluentialPeople".TIME.com.Retrieved20160725.
22."China'sMostPowerfulPeople2009".Businessweek.com.Retrieved23September2014.
23."InPictures:48HeroesofPhilanthropy".Forbes.5March2010.Retrieved23September2014.
24."AlibabaGroupClarificationwithRespecttoAlipayStatusandRelatedStatementsbyYahoo!".AlibabaNews.May13,
2011.Retrieved23September2014.
25.Rusli,EvelynM.(29July2011)."YahooandAlibabaResolveAlipayDispute".TheNewYorkTimes.Archivedfromthe
originalon20110729.
26."JackMaIstheLoneliestBillionaireinChina".Businessweek.com.Retrieved23September2014.
27."FacesofConservation".TheNatureConsevancy.Retrieved20May2014.
28.DavidMaxwellBraun."China'sAlibabaGroupto"mobilizehundredsofmillions"forenvironment".National
Geographic(blogs).
29.Howard,Caroline(5November2014)."PutinVs.Obama:TheWorld'sMostPowerfulPeople2014".Forbes.Retrieved
18January2015.
30.Wareing,Charlotte(20150417)."AsianAwards2015:Allthewinnersfromthestarstuddedbash3am&Mirror
Online".Mirror.co.uk.Retrieved20150602.
31."Antisharkfinningcampaigns".StopSharkFinning.Retrieved23September2014.
32."AnInterviewwithJackMa".AlibabaNews.December6,2009.Retrieved23September2014.
33.Tilton,Sarah(June25,2015)."Alibaba'sJackMaBuys$23MillionPropertyinNewYork'sAdirondacks".TheWall
StreetJournal.RetrievedJune25,2015.
34."ZhangYing,thewifeofAlibabafounderJackMa".Archivedfromtheoriginalon22September2014.Retrieved
23September2014.
35."StartingSmallwithJackMa".Eyerys.com.
36.[1](http://www.wantchinatimes.com/newssubclasscnt.aspx?id=20131216000008&cid=1502)

SuccessStoryofAlibabaGroupJackMa(http://www.brainybull.com/successstoryofjackmafounderofalibaba
com/)

References
Shiying,LiuAvery,Martha(2009).alibaba:TheInsideStoryBehindJackMaandtheCreationofthe
World'sBiggestOnlineMarketplace.HarperCollins.ISBN006167219X.

Externallinks
JackMaFoundation(http://www.jackmafoundation.org/)
Leadershipbiographies(http://www.alibabagroup.com/en/about/lead Wikiquotehasquotations
relatedto:JackMa
ership)atAlibabaGroup
Appearances(http://www.cspan.org/person/?jackmayun)onC
SPAN WikimediaCommonshas
JackMa(http://www.charlierose.com/videos/6975)onCharlieRose mediarelatedtoJackMa.
WorksbyoraboutJackMa(https://worldcat.org/identities/lccnn200
858553)inlibraries(WorldCatcatalog)
Biography(http://www.nature.org/pressroom/press/press4455.html)atTheNatureConservancy(Boardof
Directors)

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Categories: 1964births AlibabaGroup BillionairesfromZhejiang BusinesspeoplefromHangzhou

Businesspeopleininformationtechnology Onlineretailerfounders Chinesecompanyfounders
Chinesecomputerbusinesspeople EducatorsfromHangzhou Livingpeople 21stcenturybusinesspeople

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