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Alibaba Overview
Jack Ma, founder of Alibaba, established the company in 1999 with 17 friends, overcoming numerous rejections and early losses. Alibaba became the largest e-commerce site in China, successfully competing against eBay by providing free services and raising significant investment through its IPO in 2014. The company operates globally, generating substantial revenue and offering services in various sectors, including cloud computing and fintech.
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Alibaba Overview
- 1. 1 Presented by G.Vamshi Netha(26-078) M.Rajesh (26-092) C.Abhinay (26-086)
- 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 2
- 3. Founder Jack Ma ○Mawas 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. 3
- 4. Founder Jack Ma ○Richest man in china ○ Net worth - $31.4 Billion 4
- 5. Jack’s Failures o Rejectedby 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. 5
- 6. “ If you’ve nevertried , how will you ever know if there’s any chance - Jack Ma 6
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- 8. Early days of Jack’sCareer ○ 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 . 8
- 9. Idea of Alibaba 9
- 10. Idea of Alibaba ○ 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. 10
- 11. Competitions ○ Huge competitionfrom 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. 11
- 12. 12 Alibaba IPO InSeptember 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
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- 15. Controversies ○ Gold Suppliermembership ○ Uranium Sales ○ Counterfeit items and Scams 15
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- 18. Place your screenshothere Amazon vs Alibaba 18
- 19. Place your screenshothere Business Connections with U.S 19
- 20. $352 Billion Market Valueof Alibaba Group(dec18,2018) 20
- 21. $39.89 billion Revenue 150+ Countries Operationsin 500 Million users Alibaba Shopping apps 21
- 22. 22 Thanks! Any questions? Find meat gvamshinetha123@gmail.com