Downloaded 11 times
Jack ma
- 1. Jack Ma By: TeamTMCJ (Tasia Bynes, Matt Hahn, Cody Cavagrotti, and Joshua Watkins
- 2. Early Years ofJack Ma ● Born September 10, 1964 in Hangzhou, China ● Graduated with a bachelor’s degree in English at the Hangzhou Normal University ● Later became a lecturer in English and International Trade at the Hangzhou Dianzi University ● In 1995 he traveled to the US and got introduced to the internet
- 3. Creating China’s YellowPages ● After graduating in 2006 Ma and his wife collected $20,000 to start an internet company named, “China Yellow Pages.” ● Within three years the company made $800,000.
- 4. Founding Alibaba ● In1999, he decided to quit his job and went back to Hangzhou ● In the same year he received funding from Goldman Sachs for his new company Alibaba. ● He found Alibaba in his apartment with a group of 17 friends
- 5.
- 6. About Alibaba ● October1999 and January 2000, “Alibaba” won twice total of a $25 million international venture capital investment ● His wealth grew by $18.5 billion between December 2013 and December 2014, a whopping 173% increase. ● In 2012, two of Alibaba’s websites handled $170 billion in sales. That's more than competitors eBay and Amazon.com combined. ● It became one of the most valuable tech companies in the world
- 8. Alibaba Fraud Scandal ●Early in 2011 a fraud scandal hit his business-to-business e-commerce site, Alibaba.com. ● Last fall thousands of small merchants protested online and outside Alibaba’s headquarters in Ma’s hometown, ● His bad run may be coming to an end. On May 21 he reached a long- desired deal with Yahoo to buy back half of the U.S. Web portal’s 40 percent stake in Alibaba Group. ● The Chinese company will pay Yahoo $7.1 billion for the shares, valuing Alibaba at about $35 billion.
- 9. Fun Facts ofJack Ma ● Alibaba is now worth an estimated $25billion ● He failed his college entrance exam TWICE ● Alibaba was his third internet company ● At an early age, Ma rode his bike 45 minutes a day to a nearby hotel to talk with foreigners in order to learn english
- 10.
- 11. Ending Quote… "If youwant to grow, find a good opportunity. Today, if you want to be a great company, think about what social problem you could solve." - Jack Ma