SHORT SUMMARY
In this article shows the sucess story of JACK MA. The man how face a extreme failures in his life but he not lose his confidence and it take him to extreme sucess. If we see the history of top richest man in world are not all the people are Hereditary rich they become a rich by his hardwork. Let us see the story of JACK MA.
Jack MA the example for failure into sucess. The single man made a great impact on economy and industry in China. The great man JACK MA was born in 10 sep 1964 on, Hanghzou , Eastern China. He was belong to musician family and he is
2 nd son of family and also he have a one elder brother and one sibling. Jack MA was intrested to learn English. Hanghzou is tourist place many foreigners has came as tourister. Jack has worked as a guide for tourister and learn English by speaking with them. MA YUN is the real name of JACK MA. Tourister changed the name into Jack MA. Jack has failed 3 times in school studies and however he finish his school studies. And he applied for higher studies in Howard universities but he failed 2 times in entrance exam. And he joined Hangozhu normal universities in China.He was admitted on the third try, in 1984, and he graduated with a bachelor’s degree in English in 1988. From 1988 to 1993 he taught English at the Hangzhou Institute of Electronics and Engineering (now Hangzhou Dianzi University) And he finished higher studies in local universities. And he applied for many jobs but he is disqualified for 30 times in the interview.
In 1994 he found his first company name as Habiho translation company, which provides a English translation and intreprutation . One day he got offer to fly USA behalf of HANGZHOU government. And he see the internet on computer and Chinese people are lacking of business opportunity in China. So he started the "CHINESE PAGE" as website for Chinese business. And this is first Chinese intrenet business. But two years later he shut down the page due to no financial rise.From 1998 to 1999 he was worked at head of internet company Beijing it is backed by the Ministry of Foreign Trade and Economic Cooperation.
And he leaves the job and started a own business with his 18 friends on his apartment. And named as ALLIBHHA. It is online trading Company like Amazon, flipkart.ALLIBHHA is the online trading platform in China. In starting of the company everyone tell it is the wasted idea this not going to sucess but confidence of JACK MA take him to sucess path. In 2 year from the company launch didn't earn any profit. In October 1999 to January 2000 ALLIABHHA compant get a investment of $25 million from Softbank . Small businesses paid a membership fee to be certified as trustworthy sellers on Alibaba, with a greater fee being charged to businesses that wished to sell to customers outside China. In order to instill confidence in online sales, Alipay was created (2003) to act as a third party in transactions. Growth of Alibaba was rapid. In 2005 it attracted the attention of the American Internet portal Yahoo!, which bought a 40 percent stake, and in 2007 Alibaba.com raised $1.7 billion dollars in its initial public offering (IPO) in Hong Kong.
After the rapid growth of ALLIBBHA company. Jack MA has become world richest man schedule. And his company become a top 10 largest market cap company in world. And his market in 2020 is
ALIBBHA is rank as ten th place on world largest market capability company. it had been situated in China. JACK MA is that the founding father of ALIBBHA comapany. DANIEL ZHANG is chief executive officer of company. it's belong to client discretionary sector. Market cap of ALIBBHA COMPANY is $582.32BILLION in 2020.And his networth is $50.82 usd.
The ALIBAHA GROUP CONTAIN 17 COMPANIES WE CAN SEE BRIEF DETAILS IN ANOTHER ARTICLE.
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