Jack ma and Alibaba

 

Jack Ma

"America is home to the world's biggest market. The world's biggest country. The world's biggest customer. The world's biggest seller. The biggest seller to the world. The biggest driver of innovation." Jack Ma is a man who knows a thing or two about China and its people. The former classmate of the current US President has visited the US often over the years. He was supposed to speak in Davos but pulled out citing the need to be home for Chinese New Year. A WeChat invite for Ma led to him being invited to Trump's club Mar-a-Lago and he spent a couple of days in the White House. Ma was born in a poor, but influential family in Hangzhou. His parents met in university and wanted him to study business instead of electrical engineering.

Early Life

Jack Ma was born in 1959 into a poor family in Hangzhou, a city in east China's Zhejiang Province. At age 17, Ma was admitted to Hangzhou Vocational School. After graduating in 1982, he got a job at the Hangzhou Publishing House. What He Did For The Business In 1987, Ma left the publishing house and got a job at the Hangzhou department store Longsian Company. After eight years of working there, he quit in 1995 and started Alibaba in his one-bedroom apartment. By the end of 1999, Ma was one of the 500 richest people in China. Jack Ma's Challenges In China In the 1990s, the Chinese government had a strict policy regarding foreign investments. During that time, Ma tried to invest into numerous companies in China, but most of them turned out to be scams.

Career

1 / 10 10 Things You Probably Didn't Know About Jack Ma And Alibaba Jack Ma and Alibaba have come a long way since they first launched their products in 1999. The Chinese e-commerce giant has grown to a total market value of nearly $360 billion. Jack Ma and his company, Alibaba, have become known for their marketing tactics, getting celebrities like Justin Bieber and Taylor Swift to endorse its products. Whether it is working with the UFC to sell fights, selling super cheap Szechuan Chinese food or doing a streaming deal with WWE, Jack Ma and Alibaba have done it all. ADVERTISEMENT Alibaba's streaming partnership with WWE was a major deal for both parties. With a "record-breaking" 4.4 million views per minute, it's a deal that should give a major boost to the WWE Network.

Alibaba

Anyone who has been paying attention to China for the last decade knows about Jack Ma. The 61-year-old entrepreneur took the reins of Alibaba Group in 1999 and has emerged as one of the world's richest and most prominent businessmen. And anyone who's spent a moment talking to him knows his persona is a contrast to that of the mainland's famously opaque and/or brazen leaders. Ma is a non-politician who worked his way up the corporate ladder through an early stint at Chinese state-owned banks, setting up a record shop in his hometown of Hangzhou and eventually joining IBM in 1986, where he spent the first three years in the U.S. (where he picked up the opportunity to run an IBM PC store in NYC). Ma founded Alibaba in 1999 and became CEO in 2001.

Company

Alibaba Group Nomura Instinet Date: 9/9/2018 Market: Revenue: US$5.75 billion EPS: US$2.98 Stock: NA Recommendation: Buy 3 Reasons to Buy Alibaba NA No doubt, Jack Ma is one of the most successful and revered entrepreneurs in China today. The former president of China's largest e-commerce platform, Alibaba Group, has transformed the company from a modest e-commerce site into the largest global internet company in history. Ma took Alibaba public in 2014. His company was valued at US$231 billion at the time. Ma is now worth approximately US$40 billion. Alibaba is a leading Chinese internet and technology company headquartered in Hangzhou, Zhejiang, China. Alibaba was founded by Jack Ma, an engineer and former Chinese newspaper publisher.

Conclusion

1. Jack Ma is a misunderstood leader, which may not be the case with other visionary CEOs in Silicon Valley. 2. Ma is a rarity, he "never asks himself, 'what if we win or lose?'" It's an important lesson. 3. Ma is an entrepreneur, not a businessman, he has a personal, company-focused approach, which can be valuable. 4. He is not a white knight, he is a complicated man, quite unlike Elon Musk or other personalities of his kind. He does things like holding town halls or university speeches, which are not commonly seen in Silicon Valley or Wall Street. 5. He is cautious, yet ambitious. He invests in companies with limited upside, which may sound contrarian at first. Yet, in the long run, it may allow him to participate in the entire process and reap the dividends. 6.