Jack Ma: A lifetime focused on business

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Jack Ma: “My life is full of mistakes and rejections. I wasn’t even hired by KFC. Because of my appearance, I was always rejected. ”

Jack Ma (Ma Yun) is the founder of Alibaba Group
Jack Ma was born on September 1964, 10, in Zhejiang District, Hangzhou, into a family of musicians.

Due to economic problems, he learned English through a free tour of the city. For 9 years he showed the city to tourists and learned many things besides English.

It is named after tourists

Her real name was Ma Yun and she was called Jack Ma by a tourist girl. They later became friends.

He has applied to Harvard University 10 times

He applied for admission to Harvard University 10 times and was denied each time. He also failed 2 college exams. He once received 120 point out of 1 points. The reason is that they have never been "friends" with mathematics. According to him, he still does not understand accounting.

They were not hired anywhere

No matter where Ma tried to get a job, she always got a rejection. Because of his appearance, he was not even hired by KFC. However, her husband, Zhang Yin, loves her as she is and chose her when she was not yet successful.

He worked as a teacher for a pittance

Eventually, he entered Hangzhou Normal University. He said that at that time it was the most prestigious educational institution in the city. After graduating and not getting a job, he taught English at the university where he graduated. He was paid only $ 12-15 a month.

First business

In addition to teaching, Ma also worked as a translator and later became the best translator in Hangzhou.

Later, in 1992, he opened the Haybo Translation Center. He also attracted several acquaintances due to financial problems. The revenue in the first month was 700 yuan, while the expenses were 2400 yuan. His associates surrendered and left the job. The relentless Ma managed to keep his business afloat by buying and selling clothing, medicine and other similar products. The Translation Center became profitable only three years later and is now the largest professional translation center in Hangzhou.

“Never give up. Only perseverance and hard work can lead to success. ”
- Jack Ma

The birth of the idea of ​​Alibaba

The Department of Communications of Zhejiang District, as the interpreter of the trade delegation, invites you to visit Seattle, USA. Ma was first introduced to the Internet in the United States. When I searched for the word beer, I couldn't find any Chinese beer on the Internet. When I searched for the word Chinese, I couldn't find any information, and that's when the idea for a popular Chinese website came up.

Ma decided to advertise his translation center's services on the Internet and received six letters from the United States, Germany, and Japan in a matter of hours.

Chinese gold pages

Upon his return to China, in 1995, Ma launched an Internet project called "Chinese Gold (Yellow) Pages" (there are now many similar sites around the world). Unfortunately, due to the lack of development of information technology in China, it has not gained much popularity. But even so, after 3 years, the project’s revenue was $ 800.000.

Alibaba Group

From 1998 to 1999, Ma headed the China International e-Commerce Center under the Ministry of Foreign Trade and Economic Cooperation.

He quit his job in 1999 and, along with 17 friends, founded Alibaba Group, a company that specializes in small and medium-sized businesses. The founding of the company cost $ 60.000. The name of the company was chosen because of its easy pronunciation in all languages ​​and the popularity of the treasure tale. Ma's mother later noticed that Alibaba was at the top of catalogs and lists because it started with the first letter of the alphabet.

From October 1999 to January 2000, Alibaba won a total of $ 25 million in venture capital. But even so, Alibaba continued to work to its detriment. The company will start generating revenue once it develops a project that will allow Chinese manufacturers to find customers in the U.S., and things will move forward. In 2002, the company made a profit for the first time, earning $ 1. Since 2003, Ma Taobao has founded Alipay and Ali mama. Following Taobao's successful operations and the rise in its shares, eBay Ma is offering to buy the company. However, Ma disagreed, and Yahoo co-founder Jerry Young invested $ 1 billion in Alibaba. In November 2012, Alibaba's sales revenue will exceed 1 trillion yuan.

In 2013, Ma resigned as president of the company. But it remains on the board of directors.

“My biggest mistake was founding Alibaba. I had no idea how much it would change my life. I just wanted to start a small business. But it turned into a big business, it took a lot of responsibility from me and I had a lot of problems. I have done no less than the president of any country. The only difference is that I do not have the same power as the president. I have no personal life. I decided that if I had a choice in my next life, I would never have chosen this path. I want to enjoy life too. ”
Jack Ma

Jack Ma also says he always makes mistakes in business: “I've never studied business or politics. That's why I had to learn everything myself. "

About Hollywood movies

After Jack Ma's return to Hollywood, he became interested in making films for Chinese youth. He likes the idea and style of Hollywood movies. In Hollywood movies, the protagonist fails. But even so, they eventually succeed. In Chinese films, the protagonist dies at the end of the film. "That's why Chinese youth don't want to be heroes," he jokes.

In conclusion, Jack Ma is a symbol of diligence, determination and invincibility. It is not for nothing that it is called "Self-made".

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