Jack Ma Biography

Jack Ma Biography - 1566115626 Jack Ma Biography

Jack ma or Ma Yun He is a business tycoon, investor, politician and Chinese philanthropist. He is co-founder and executive president of the multinational technology conglomerate, Alibaba Group. Forbes has included Ma as one of the most powerful people in the world. He is seen as a global ambassador for Chinese business. However, he announced in September 2018 that he will retire from Alibaba at the end of 2019 to continue his educational work.

Why is Jack Ma famous?

– Co-founder and CEO of Alibaba Group.

Source: @ pandaily.com

Where was Jack Ma born?

Jack Ma was born on September 10, 1964. His birth name or native name is Ma Yun. His birthplace is Hangzhou, Zhejiang in China. It has Chinese nationality. He was born of a father, Ma Laifa, and a mother, Cui Wencai. It belongs to the Asian ethnicity.

He began studying English at an early age. He toured foreign tourists for nine years, which also helped him learn English. One of the foreigners, who became his correspondence friends, nicknamed him "Jack." He struggled to attend college, having passed the entrance exams to Chinese in the fourth year. He attended Hangzhou Normal University (then Hangzhou Teachers Institute). He graduated with a B.A. in English in 1988.

After graduating from the university, he became a professor of English and international trade at Hangzhou Dianzi University.

Jack Ma Alibaba

Source: @ ndh.vn

How did Jack Ma start Alibaba?

He applied for 30 different jobs, including the police and KFC. He was rejected by everyone.

He started his first company, the Hangzhou Haibo Translation Agency, in 1994, after learning about the Internet.

He went to the United States with his friends in 1995.

He did not find any general information about China on the Internet.

He and his friend created an "ugly" website related to China.

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No more than 3 hours later, he received interest from Chinese investors.

He and a computer science professor, He Yibing, opened the first China Pages office in April 1995, which was his second company.

They registered the domain chinapages.com in the United States in May 1995.

The company earned $ 800,000 in three years.

Then he started building websites for Chinese companies.

He acquired a computer for the first time at the age of 33.

He ran an information technology company established by the China International Electronic Commerce Center from 1998 to 1999.

He resigned from that company in 1999.

He founded a business-to-business market site based in China, Alibaba in his apartment. He founded Alibaba with a group of 18 friends. Alibaba started with 500,000 yuan.

Alibaba twice earned a total of a $ 25 million foreign venture capital investment between October 1999 and January 2000.

He wanted to improve the global e-commerce system and founded Taobao Marketplace, Alipay in 2003.

eBay offered to buy Taobao, but Ma rejected the offer.

Yahoo co-founder Jerry Yang invested $ 1 billion in his company.

Alibaba raised $ 25 billion in an initial public offering (IPO) in September 2014. It was the largest initial public offering in the financial history of the United States.

He served as executive president of the Alibaba Group.

Alibaba became a portfolio company with nine main subsidiaries, Alibaba.com, Tmall, Taobao Marketplace, eTao, Alibaba Cloud Computing, Juhuasuan, 1688.com, Aliexpress.com and Alipay.

Alibaba's online transaction volume exceeded one billion yuan in November 2012.

He became the owner of Chateau de Sours in Bordeaux, Chateau Guerry in Cotes de Bourg and Chateau Perenne in Blaye, Cotes de Bordeaux.

He met with the president of the United States, Donald Trump, at the Trump Tower in January 2017. He met with Trump to discuss a possible million vacancies in the next five years through Alibaba's interest in the country.

He partnered with Sir Li Ka-Shing in a joint venture to offer a digital wallet service in Hong Kong.

He announced on September 10, 2018 that he will resign as executive president of Alibaba Group Holding in the following year.

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He denied reports that the Chinese government forced him to depart. He said he wants to focus on philanthropy through its foundation.

Jack Ma Philanthropy

Source: @ Forbes.com

Entertainment career

He made his acting debut with his first kung fu short film Gong Shou Dao in 2017.

He also participated in a singing festival in 2017.

Philanthropy

He is the founder of the Jack Ma Foundation. The Foundation focuses on improving education, the environment and public health.

Alibaba donated $ 808,000 to the victims of the Sichuan earthquake in 2008.

He became the administrator of the China Nature Conservancy program in 2009.

He joined the organization's global Board of Directors in 2010.

Launched a non-profit organization, Alibaba Hong Kong Young Entrepreneurs Foundation in 2015. The organization supports Hong Kong entrepreneurs to help them grow their businesses.

The company financed the reconstruction of 1,000 houses damaged by the earthquake in Nepal and also raised money for another 9,000.

Its foundation started the Netpreneur initiative in 2019. The initiative grants ten prices of one million dollars each to ten African entrepreneurs per year.

They also launched a fund with $ 14.6 million to develop education in Tibet.

Awards and honors

"Top 10 economic personalities of the year" by China Central Television (CCTV) in 2004.

The World Economic Forum selected Ma as "Young Global Leader" in September 2005.

Fortune named him one of the "25 most powerful entrepreneurs in Asia" in 2005.

Businessweek named him "Entrepreneur of the Year" in 2007.

Barron named him one of the 30 "Best CEOs in the world" in 2008.

Time magazine named Ma as one of the 100 most powerful people in the world in 2009 and 2014.

BusinessWeek named one of the most powerful people in China.

Forbes China named him as one of the 10 most respected entrepreneurs in China in 2009.

Economic person of the year of CCTV 2009: Award for business leaders of the decade.

Ma was selected by Forbes Asia as one of the Heroes of Asian Philanthropy for his contribution to disaster relief and poverty in 2010.

Honorary Doctorate from the University of Science and Technology of Hong Kong in November 2013.

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A member of the SoftBank board of Japan and Huayi Brothers Media Corporation of China. He became a member of the China program of The Nature Conservancy in 2009 and joined its global board of directors in April 2010.

The 30th most powerful person in the world in an annual ranking published by Forbes in 2014.

Entrepreneur Award of the year 2014 awarded by Asian Award.

Fortune ranked second in Ma's list of the 50 best leaders in the world in 2017.

In 2017, a KPMG survey ranked Ma in third place in the visionary survey of global technological innovation.

Ma received an honorary degree of Doctor of Science in Technopreneurship from the University of La Salle,

Ma received an honorary degree of Doctor of Social Sciences honoris causa in recognition of his contributions to technology, society and the world by the University of Hong Kong in May 2018.

Ma received an honorary doctorate from professors Yaakov Frenkel and Yaron Oz at Tel Aviv University in Tel Aviv, Israel, in May 2018.

Ma and 16 other influential world figures were named by UN Secretary General Guterres as the new advocates of sustainable development goals in May 2019.

Jack ma wife

Source: @ nhipsongkinhte.ttvn.vn

Who is Jack Ma married to?

Jack Ma is a married man. He is married to Zhang Ying. They first met while studying at Hangzhou Normal University. The couple married in the late 80's. The couple has 3 children together.

How tall is Jack Ma?

Jack Ma stands at a height of 1.52 m, that is, 4 feet 11 inches tall. It has a body weight of 130 pounds, that is, 59 kg. It has a thin body. He has dark brown eyes and his hair color is black.

What is the net value of Jack Ma?

As of June 2019, Jack Ma has a net worth of $ 35.6 billion. He is one of the richest men in China and the world.

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