JACK MA

Maybe some of you already know who Jack Ma is. Jack Ma is Chinese
businessman. He is founder and executive chairman of Alibaba Group, the biggest
e-commerce company in China. Jack Ma is seen as a global ambassador for Chinese
business and such is frequently listed as one of the world’s most powerful people by
Forbes. He also serves as a role model for startup businesses.

Jack Ma's childhood is not as beautiful as his life now. He was born into a family
that has a weak economy. He was born in Hangzhou, Zhejiang, China on 10
September 1964. Since childhood Jack Ma has been helping his parents. He works as
a tour guide in a hotel, he became a tour guide because his English was good.

Behind his success, Jack Ma experienced many failures in his life. After
graduating from high school, he wanted to go to college, but found this very difficult
in his youth. Chinese admission exams take place only once a year, and he failed them
twice and he applied ten times to Harvard Business School and got rejected. Jack Ma
attended the Hangzhou Teacher’s Institute (now called Hangzhou Normal University)
and graduated in 1988 with a BA in English. After graduating, he applied for various
jobs only to be rejected many times and finally he was hired as an English and
international business teacher at Hangzhou Dianzi University.

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. He even raised a
fund of $20000 to start his own firm. Although this kind of business was relatively
new, Jack managed to earn a whopping $800000 in a matter of just 3 years. 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.

Alibaba is the world's largest retailer and e-commerce company, one of the
largest Internet and AI companies, one of the biggest venture capital firms, and one of
the biggest investment corporations in the world. The company hosts the largest B2B
(Alibaba.com), C2C (Taobao), and B2C (Tmall) marketplaces in the world. Its online
sales and profits surpassed all US retailers (including Walmart, Amazon, and eBay)
combined since 2015. It has been expanding into the media industry, with revenues
rising by triple percentage points year on year. The final count on the Alibaba
platform reached $ 30,802,477,608, up about 27% from the total note last year at the
current exchange rate.

Jack Ma succeeded in building Alibaba to be very big. He works hard and never
gives up. Even though many failed, he kept trying and kept trying. Now, Jack Ma is
not only a business person but also a motivator for young people. He said, “Never
give up, today is hard, tomorrow will be worse, but the day after tomorrow will be
sunshine.”
Name : Ade Ayu Citra Dewi

Number : 30

Class : 1A MBI