Jack
Ma or Ma Yun was born on October 15,
1964, in Hangzhou. Jack learn English when he
was young. He often went to city’s main hotel, offering visitor tour of the
city for enhancing his English. After high school, he applied to go to college
— but failed the entrance exam twice. After a great deal of studying, he
finally passed on the third try, going on to attend Hangzhou Teacher’s
Institute. After graduation, Ma applied for 30 different jobs and got rejected
by all.
He showed an obvious observant trait is in
1994, he heard about Internet. He went to U.S and with his friends’ of help he
got introduces to Internet. Ma’s first online search was “beer,” but he was
surprised to find that no Chinese beers turned up in the results. It was then
that he decided to found an internet company for China. In 1999, he returned to
Hangzhou with his team to found Alibaba, a China-based business-to-business
marketplace site in his apartment with a group of 17 friends. He started a new
round of venture development with 500,000 yuan. In October 1999, his company
successful to raise $25 million international venture capital investment. Jack
Ma successfully improved e-commerce platform for Chinese enterprises. As an
observant entrepreneur, Jack Ma discovered that e-commerce platform will play
an important role in business so started from 2003, he founded Taobao
Marketplace, Alipay, Ali Mama and Lynx. After the rapid rise of Taobao, eBay
offered to purchase the company. However, Ma rejected their offer, instead
garnering support from Yahoo co-founder Jerry Yang with a $1 billion
investment.
In conclusion,
Jack Ma concerned with his surroundings so Jack can grab the opportunity
quickly. For instance, Jack Ma created an internet company named as Alibaba after
he known about the internet. Other than that, he founded other like Taobao
Marketplace, Alipay, Ali Mama and Lynx once he discovered the importance of
e-commerce platform.
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