Jack ma

JACK MA
One of China's most influential
business leaders and one of the 100
people who "most affect our
world," according to Time magazine.

INTRODUCTION
• Name : Jack Ma or Ma Yun
• Age : 50
• Source Of Wealth : e-commerce, Self Made
• Residence : Hangzhou, China
• Citizenship : China
• Marital Status : Married
• Education : Bachelor of Arts / Science, Hangzhou Teacher's Institute
About Jack Ma: Jack Ma is a Chinese Internet entrepreneur.
He is the Executive Chairman of Alibaba Group, a family of
highly successful Internet-based businesses. He is also the
first mainland Chinese entrepreneur to appear on the cover
of Forbes Magazine and ranks as one of the world’s billionaires.
Ma was named the Financial Times’ 2013 Person of the Year because he personifies the Chinese internet, referring to him
as the “godfather of China’s scrappy entrepreneurial spirit.”

• Jack Ma started off by learning English in his earlier days by talking to foreign visitors who
would visit the picturesque land of Hangzhou in China. It was only his determination to learn
English which made him a tourist guide to most English speaking travellers who came to his
homeland. Ma later enrolled at the Hanzough Teacher’s Institute but failed twice before
graduating with a Bachelor’s degree in English in 1988. Failures sure are stepping stones to
succeeds, Ma would agree. He later became a professor of international trades in the
Hangzhou Dianzi University.
• His weak point was mathematics.
• In 1994, he founded his first company, the Haibo Translation Agency, which provided English
translation and interpretation.
• On a trip to the United States on behalf of the Hangzhou city government in 1995, Ma had his
first encounter with the Internet and saw the lack of Chinese Web sites as a great business
opportunity.

• On his return, he founded China Pages, which created Web sites for Chinese businesses and was one of China’s
first Internet companies.
• He left the company two years later, however, partly because of strong competition from the communications
company Hangzhou Telecom, which had founded a rival company, Chinese page.
• From 1998 to 1999 Ma was head of an Internet company in Beijing that was backed by the Ministry of Foreign
Trade and Economic Cooperation. He felt, however, that if he remained with the government, he would miss out
on the economic opportunities that the Internet was bringing

• Jack borrowed $2,000 to set up the company. I knew nothing about personal computers or e-mails. I had
never touched a keyboard before that. That's why I call myself "blind man riding on the back of a blind
tiger.“
• His dream was to set up my own e-commerce company. In 1999, he gathered 18 people in his apartment
and spoke to them for two hours about his vision. Everyone put their money on the table, and that got them
$60,000 to start Alibaba.
• He wanted to have a global company, so he chose a global name. Alibaba , which is easy to spell, and people
everywhere associate that with "Open, Sesame," the command that Ali Baba used to open doors to hidden
treasures in One Thousand and One Nights.
• He believed in one thing: global vision, local win. They designed the business model themselves. There
focus was on helping small and medium-size companies make money. They never copied a model from the
U.S., like a lot of Chinese Internet entrepreneurs did. They focused on product quality. It has to be "click and
get it." If I can't get it, then it's rubbish.

• In 2003 Ma created a new company, the consumer-to-consumer online marketplace Taobao (Chinese:
“searching for treasure”).
• At that time, the American company eBay, in collaboration with the Chinese company EachNet, had a
market share of 80 percent, but Ma felt that eBay-EachNet’s policy of charging users a transaction fee
was a weakness.
• Taobao did not charge such a fee but made money from online advertising and the sale of additional
services to users.
• Ma’s intuition proved correct; by 2007 Taobao had a 67 percent market share, and eBay conceded
majority ownership of its Chinese operations to the Chinese-language media company TOM Group,
which created the subsidiary TOM EachNet.

• In 2011 Ma announced that Taobao would split into three companies:
1. Taobao Marketplace, where individuals could buy and sell goods.
2. Taobao Mall, an online shopping portal; and
3. eTao, a shopping-related search engine.
• In September 2014 the Alibaba Group debuted an IPO on the New York Stock Exchange that raised
$21.8 billion.
• That IPO was the largest ever in the United States and gave the company a market value of $168 billion,
the highest such value in IPO history at that time for any Internet company.

Innovation And Development
• Chinese e-commerce giant Alibaba, which has over 23,000 employees, has announced today that it is
changing its organizational structure into seven business groups in an effort to improve efficiency as the
company continues to grow. The seven groups will be as follows:
• 1. Taobao.com – C2C online retail service
• 2. eTao – A product search engine which includes results from Chinese online shopping sites.
• 3. Tmall.com – B2C online service spun off from Taobao, also known as Skycat.
• 4. Juhuasuan.com – A group buying website, located at a subdomain of Taobao, ju.taobao.com.
• 5. Alibaba International Business Operations at alibaba.com.
• 6. Alibaba Small Business Operations – The domestic B2B unit at china.alibaba.com or 1688.com.
• 7. AliCloud – a cloud computing and information technology group.

Alibaba Cloud Computing :
o Alibaba Cloud Computing (www.aliyun.com) aims to build a cloud computing service platform, including e-commerce data
mining e-commerce data processing, and data customization. It was established in September 2009 in conjunction with the
10th anniversary of Alibaba Group. It has R&D centers and operators in Hangzhou, Beijing and Silicon Valley. In July 2014,
Aliyun entered into a partnership deal with Inspur, the largest high-end cloud computing company in China.
China Yahoo! :
In October 2005, Alibaba Group formed a strategic partnership with Yahoo! and acquired China Yahoo! (www.yahoo.com.cn), a
Chinese portal that focuses on Internet services like news, email, and search. In April 2013, Alibaba Group announced that, as
part of the agreement to buy back the Yahoo! Mail stake, technological support for China Yahoo! Mail service would be
suspended.
Alibaba Group R&D institute :
Alibaba introduced the Alibaba Group R&D institute in 2008. One year later, Alibaba filed around 350 patent and utility model
applications.

• The above clip is a home page of Alibaba group.
• Let me explain something about e- commerce .
• Electronic commerce, commonly known as E-commerce. is trading in products or services using computer networks, such as
the Internet. Almost every one knows about e-commerce. It obtains as internet marketing, online transaction process, mobile
commerce, electronic data interchange.
• Provide Etail or "virtual storefronts" on websites with online catalogs, sometimes gathered into a "virtual mall.
• Buy or sell on websites or online marketplaces.
• Gather and use demographic data through web contacts and social media.
• Use electronic data interchange, the business-to-business exchange of data.
• Reach prospective and established customers by e-mail or fax.

Create short-term wins
 Ma Yun set aims that are easy to achieve - in bite-size chunks, spin off from a large organization Alibaba Group to
operate independently of the small organizations like C2C Taobao, online payment alipay, groupon Juhuasuan.
 Foster and encourage determination and persistence.
 ongoing change.
 encourage ongoing progress reporting.
 highlight achieved and future milestones.
Ma’s idea of Ali inside, each executives need to cultivate their successors, so that it can be regarded as qualified
manager, he also specializes in young manager in training course, training and even third generation of younger
successor.

JACK MA’S ROLE IN SOCIAL RESPONSIBILITY
• He is an increasingly outspoken advocate for the environment. But MA has become more than just an
incredibly successful business man.
• He is now a staunch advocate for corporate social responsibility and personal actions to improve china's
environment, boycotting food products made of shark fins to fighting water pollution and supporting
the Conservancy’s China Global Conservation Fund.
• “WE HAVE THE ABILITY TO DEAL WITH THE ISSUE. WE HAVE THE KNOWLEDGE. WE HAVE THE
TECHNOLOGY TO SOLVE OUR ENVIRONMENTAL PROBLEMS. BUT IF WE DON’T TAKE THEM SEROIUSLY,
WE’RE GOING TP PAY A HUGE, HUGE PRICE LATER”- Jack Ma, Founder of Alibaba Group.
• “The most fun part of business, at least to me, is to contribution to the future. It’s about making people
healthy money, enabling people to enjoy their lives. I think the important thing is to wake people to
enjoy their lives. I think the important thing is to wake people up and let them know that our
environmental issues need to be addresses. Positive thinking is key: The future is always beautiful :-Jack
Ma.

MA’S VISION
• Is to build an e-commerce ecosystem that allows consumers and businesses to do all aspects
of business online. His team are going into search with Yahoo and have launched online
auction and payment businesses. He wants to create one million jobs, change China's social
and economic environment, and make it the largest Internet market in the world.
• As Jack Ma’s vision is, he will need to tie each of these deals into an overall strategy that can
be articulated to investors.
• Being a Chinese company every step Alibaba takes will be potentially subject to
misunderstanding. China has an more opaque and volatile business environment compared
with the West. Short-sellers will seize on any inconsistencies to try to knock the company
down.
• The way to overcome that is to provide extremely clear explanations and very detailed data
that answer investors’ concerns before they arise. Of particular concern will be to show how
transactions with private entities within the Alibaba Group are truly arms-length and benefit
public investors.

The rumor this week spread like wildfire: could it be possible that Jack Ma, one of China's greatest
success stories, was planning to leave the mainland for good?
On Tuesday Hong Kong's Economic Journal claimed that Alibaba founder Ma planned to move to
Hong Kong next year on an investment immigration scheme. The news went viral on Chinese social
media sites. Recent statistics show 47% of Chinese millionaires plan to leave, mainly to escape
economic uncertainty and environmental decay.
But, Ma departing would be an extraordinary blow to China's self-image as an emerging global player
– he is its greatest rags-to-riches hero, an inspiration to a generation of budding entrepreneurs.
Earlier this week, Ma quickly put the rumour to rest. Speaking to reporters in Hong Kong, He
explained that he had no plans to emigrate. "Hangzhou is where I was born, went to school and
started my business," he said, speaking of his coastal Chinese hometown.

• His dream and vision were accomplished after 15 years of hard work and proper thinking, investing
every dollar in aproject that one day it is going to be worth billions. For those who empathise with Jack
Ma and are curious to find out the secret of his success, the Alibaba founder offers them five lessons
and guidelines that were the basement of his career :
1) Money isn’t happiness – it’s responsability
2) You don’t need family connections to achive sucess
3) Expect the unexpected
4) Think ahead
5) To change the world, invest in youth.
• Jack Ma strongly affirms that money never affected his personality and human inside.

INSPIRITING QUOTES BY JACK MA
• Jack believes in two principles: Your attitude is more important than your capabilities. Similarly, your
decision is more important than your capabilities!
• “What is important in my life is that I can do something that can influence many people and influence
China's development. When I am myself, I am relaxed and happy and have a good result.”

• Ma is now the richest person in China, and ranks among the 50 richest people in the world
-Not bad for someone who once earned about $15 a month working as a teacher.

Jack ma

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