A detailed presentation about Alibaba company and its expansion since inception. founders story and how the idea has generated , story behind alibaba company and its initial public offer which made it a global brand with its diversified and multiple service lines.
2. Company
Profile
○ Industry - Internet
○ Founder - Jack Ma
○ Founded on – 4th April ,1999
○ CEO – Daniel Zhang
○ Revenue – $39.8 billion
○ Head Quarters – Hangzou, China
○ Employees – 66,421
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3. Founder Jack Ma
○Ma was born on 10th September 1964, in Hangzhou ,China .
○He began studying English at a young age by conversing with English-speakers at Hangzhou
international hotel.
○He was nicknamed as “Jack” by foreigners at Hangzhou university.
○Jack was graduated in 1988 with a B.A in English.
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5. Jack’s Failures
o Rejected by Harvard Business school for 10 times.
o Jack ma was rejected in police recruitments where remaining
4 are selected.
o Ma applied for 30 jobs and got rejected in all the jobs.
o Even he applied for KFC along with 23 others, all the 23
were selected except Jack.
o Jack worked as teacher for salary of $12 in his early days of
graduation.
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6. “
If you’ve never tried ,
how will you ever know if there’s any
chance
- Jack Ma
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8. Early days of
Jack’s Career
○ In 1995, when Jack ma visited America for the first time he seen
computer as well as known about internet.
○ The first word he searched in internet was “Beer”.
○ Jack found all the countries showing their businesses in internet
except China.
○ Idea of starting website at 31 years.
○ Jack found it difficult to get loans and faced rejections from more
than 40 venture capitalists.
○ Later Jack managed to raise funds and started China’s first website
and named China pages , which was failed.
○ In 1996, Jack ma got government job in ministry of foreign trade .
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10. Idea of Ali baba
○ In 1999, Jack ma started Ali baba along with his
17 friends in his apartment.
○ Alibaba faced losses in first 3 years and almost
went to bankruptcy.
○ Goldman Sachs and Softbank invested $25 million
in alibaba.
○ Alibaba team started taobao.com online shopping
website.
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11. Competitions
○ Huge competition from ebay.
○ Jack ma used great strategy to shift customers from
ebay to taobao.com
○ Jack provided free services of taobao for 3 years.
○ Market share of taobao rised ,ebay began to fall in
China.
○ Taobao became market leader in china and it is
world’s biggest e-commerce website.
○ 8th most visited website in the world.
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12. 12
Alibaba IPO
In September 2014, Alibaba raised over $25 billion in an initial public
offering (IPO) on the New York Stock Exchange in just a single day with
share price of $68.
Alibaba became one of the most valuable technology companies in the
world after raising the full $25 billion.
the largest initial public offering in US financial history.
In November 2012, Alibaba's online transaction volume exceeded one
trillion yuan.
Present share price - $155.68