En 2004, il est présenté à la Télévision centrale de Chine comme l'un des « 10 meilleurs hommes d'affaires de l'année » puis, en 2005, il est nommé par le Forum économique mondial, jeune dirigeant global1. In this way, Jack Ma found, with Alibaba, the solution to the need of the Chinese entrepreneur. He started off by improving his communication skills and also learned English. The firm, which is considered a rival of other famous websites, such as ‘eBay’, has helped Jack Ma become the richest man in China. Being swift does not necessarily mean running the fastest; it can mean bouncing back fast from failure. Soon, the company’s business expanded to around 240 different nations and regions. Yes, he got rejected by potential employers 30 straight times, but this never hindered or discouraged him. He started the company with 18 of his friends, and its first office was in his home. Jack was born Ma Yun on 10 September 1964, in Hangzhou, Zhejiang, China. Once a poor lad who survived by guiding tourists, Jack went on to rise above his humble condition and achieve success. The customer is number one, the employee is number two and the shareholder is number three. See every opportunity as an open the door to greater things. It means whatever happens around you is not what can bring you down, but what happens within you! You should work towards reducing the dependency of members of your team on you. The US has no definite goal in a war. He is known to go beyond limitations to source for solutions where none seems to exist. Accepting that and changing your approach is another key to his massive success. People should be ready to bend down and search every nook and cranny and lift every stone they can to find every hidden opportunity wherever it may be hidden. For example, its war in Iraq aims at … Jack had become a subject of criticism in 2007, after many people from across the world protested against the firm ‘Alibaba.’ They claimed that the firm raised huge profits through sales of animal products, sold through its portal. Whenever you see an idea or skill in someone, you should cultivate and harness such ideas and values to the benefit of the team. Additionally, ask and find answers to what you have to do to get to that new height. However, he got rejected by all of them. He was born on the 10th of … Jack Ma tied the knot with a woman named Zhang Ying, whom he had first met while studying at the ‘Hangzhou Teacher’s Institute.’ Zhang played an important role in initiating Jack’s first business venture. Yet Ma once made ... His achievements are practically unbelievable considering his meager, humble beginnings. Definition of a Good Business and Bad Business. He had to spend up to 500,000 yuan to start this company. 2009 was an exciting year in Jack’s life; he secured a spot in “Time” magazine’s rundown of ‘World’s 100 Most Influential People’.The web goliath additionally got the ‘2009 CCTV Economic Person of the Year: Business Leader of the Decade Award’. Maybe he is right. Hired as English teacher at a local university, and made $12/month 5. The same year, he even raised a fund of $20,000 to start his own firm with an intention of focusing solely on the Internet. Jack was one of the first few individuals who saw the Internet as a business opportunity even at a time when the rest of the world didn’t believe … Jack Ma believes that a good leader should have foresight. His birth name is Ma Yun, but his official name is Jack Ma. Few moments after creating the website, some people from China contacted him, wanting to know more about him. ‘China Central Television’ had mentioned Jack in its ‘Top 10 Economic Personalities of the Year’ list, compiled for the year 2004. Today, Jack Ma is seen as a source of inspiration to many who see him as a role model. ‘Taobao’ started trending on the Internet as a top e-commerce website and even caught the attention of the popular e-commerce company ‘e-bay,’ which was keen on acquiring the firm. ‘Taobao’ also caught the attention of another famous company, ‘Yahoo.’ The American web services company invested $1 billion in Jack’s venture. Entrepreneurship versus Employment: Which one is better? Whenever an opportunity shows up, do not hesitate in taking advantage of it. Maybe you can believe that Jack Ma is an actor, but can you stomach the fact that he is also a singer?! Even if it wins, it changes its goal to make it not attainable. Jack Ma is primarily known as the founder of the e-commerce giant ‘Alibaba,’ which is one of the top e-commerce websites in the world. Since a very young age, Jack was keen on gathering knowledge about English and tried his best to communicate better in the language. He could remain resolute because he had a clear idea of what he wanted and nothing could bring him down. Expect at least 30% of your team members to disagree with your styles and ideas. Can you beat that?! He took a liking to the English language at a rather young age, and he started practicing how to speak the language from then on by conversing daily with those who were native speakers in his locality, especially at the Hangzhou international hotel, which is about 70 minutes bike ride from his home. The intention was to create a website that could serve as a one stop shop for business to business transactions. According to him, individuals that fail are being myopic to opportunities. Never give up and never allow any fear or negative vibe to cut you short. Potential backers for the Alibaba Groups gave him a cautionary feedback when he was about launching the company. He went to the Hangzhou teacher’s Institute afterward and became a graduate of the institution in 1988 with a Bachelor of Arts honor in the English Language. Offered city tours to foreign visitors in exchange for learning English 2. “Jack” because the latter could not pronounce Jack Ma’s Chinese name. Got rejected for many jobs including Manager’s position at KFC 4. His accomplishments are numerous, and it may take an entire book to record them. His company raised a whopping $25 billion in an initial public offering (IPO) on the New York Stock Exchange, the largest in the US financial history. Furthermore, he was listed among the “25 Most Powerful Businesspersons in Asia” by Fortune Magazine. Even if some still disagree, look for a way to harness the talents, gifts, and potential of each member of the team to achieve the set goals. He headed the student council when he was in college. At that point, he realized the hidden potentials on the internet. He was ranked second in ‘Fortune’ magazine’s ‘World’s 50 Greatest Leaders’ list in 2017. He then joined the ‘Hangzhou Teacher’s Training Institute’ to pursue a Bachelor’s degree in English. He was among the 24 applicants that applied for a job at KFC when it first came to his city. In May 2019, he was appointed as a new advocate alongside 16 other influential global leaders by UN Secretary General Guterres to promote sustainable development growth. Ma Yun) was born on October 15, 1964, in Hangzhou, located in the southeastern part of China. Founder/Co-Founder: Alibaba.com, Alibaba Group, education: Cheung Kong Graduate School of Business (2006), Hangzhou Normal University (1988), Jack Ma is a Chinese businessman, investor, and philanthropist. Arslan Sadiq © 2020 Jack also aspired to enroll in a university and attended exams in order to gain admission. Jack Ma was named the ‘Businessman of the Year’ by the ‘Business Week’ magazine and furthermore highlighted on the rundown of ’25 Most Powerful Businesspeople in Asia’, in 2005. The saying goes that “the race is not to the swift…” but there are times the race actually goes to the swift. Entrepreneur, Blogger and Social Media Activist, Home » Jack Ma- His Story, Achievements, and Lessons for Today’s World, Jack Ma- His Story, Achievements, and Lessons for Today’s World. The aid is intended, mainly, for the improvement of water and air. Yahoo invested $1 billion in Alibaba (2005) 7. Here are some of the best highlights of Jack Ma’s career: 1. 23 out of them were given employment except for Jack Ma. Then, he and his friend decided to create a website that gives information about China. View Jack Ma’s profile on LinkedIn, the world’s largest professional community. Then he raised up to US$20,000 in 1995, along with his wife and a friend; they used the money to start their first company, which was dedicated to the creation of websites for companies. He had to borrow money before he could start his own business. Jack then tried venturing into e-business; he could foresee e-business as a great money making scheme of the 21st century. Over the years, he has been known to advise, enlighten and lecture several groups of people. The revenue generated by the firm helped him reach the zenith of success and made him the richest man in China. At the ‘Asian Awards’ ceremony held in 2015, he was felicitated with the ‘Entrepreneur of the Year’ award. He should try to stay one step ahead of the competiti… After the initial introduction, he took his time to search for information about China online, but he could find none. He got married after graduating from Hangzhou Teacher’s Institute, which was later changed to Hangzhou normal University. Learn how your comment data is processed. He got turned down by Harvard 10 times. Sorry, your blog cannot share posts by email. Your email address will not be published. He is known especially for being the founder and CEO of Alibaba Group, which is a popular conglomerate of internet-based businesses. Lazy People Are Smarter | Entrepreneurship is for Lazy People It quotes Jack Ma as saying, “It’s going to be long-lasting, it’s going to be a mess, maybe 20 years.” I believe Jack Ma is right in his prediction. 2009 was an eventful year in Jack’s life; he secured a spot in ‘Time’ magazine’s list of ‘World’s 100 Most Influential People.’ He also received the 2009 ‘CCTV Economic Person of the Year: Business Leader of the Decade Award.’. Jack Ma, the founder of China's e-commerce giant Alibaba, received a Malcolm S. Forbes Lifetime Achievement Award on Tuesday in Singapore, making him the … Yes, he took part in the singing festival the same year he produced the martial arts movie. His zeal to enhance his aptitude and acquire new skills was evident from childhood. According to ‘Forbes,’ Jack’s net worth was estimated to be around $44.4 billion as of 2020. Once a poor lad who survived by guiding tourists, Jack went on to rise above his humble condition and achieve success. by Zach Ho, vulcanpost.com. Ma, aware of himself and his own idea, decided to give up the … He has an older brother and a younger sister. The vision is more important than the leader. After starting his first venture with a mere $20,000, the entrepreneur went on to earn around $800,000 in just three years. Also, you should be ready to impact your ideas, values, and skills into someone that you trust so that another person can take over from you when you are not available, and the mission of the group will continue unabated to the benefit of all. Maybe we only need to learn how to look deeper and search further to reduce the chances of failure. What matter are the hardiness, fortitude, and spirit that you put into that new endeavor? The Alibaba Group founder is currently valued at 3.4 billion dollars as of March 2013. Challenge Of Education Reforms in Pakistan, Pakistan Efforts In Eliminating Hidden Hunger And Nutrition. Harvard also rejected him all through the ten times he applied for the school. He was equally selected as a “Businessperson of the Year” by Businessweek in 2007. Jack Ma was born and raised in Hangzhou, in China’s Zhejiang Province. After graduation, Jack Ma wrote applications to companies for employment up to 30 times. Considering the request of nature lovers across the world, Jack decided not to sell products made of Shark flesh through his online portal. He was also nominated as a “Young Global Leader” by World Economic Forum in September 2005. In 2005, he was featured in the list of ‘25 Most Powerful Businesspeople in Asia.’ He was also named ‘Businessperson of the Year’ by ‘Business Week’ magazine in 2007. He is also the owner of ‘Château de Sours,’ ‘Chateau Guerry,’ and ‘Château Perenne.’ In 2017, he promised to create one million jobs in the US for the then president-elect Donald Trump. Over the years, Jack Ma has become an icon in global entrepreneurship and business. He even co-founded other similar ventures which were also successful to a great extent; one of these was an e-commerce website called ‘Taobao.’ Jack is the recipient of many awards. He equally revitalized the ancient practice by being part of the forces that took it to the global stage. Desp… Jack Ma -- born Ma Yun -- was born on October 15, 1964, in Hangzhou, located in the southeastern part of China. Subsequently, Jack became the executive chairman of ‘Alibaba Group.’. This site uses Akismet to reduce spam. Find out why you want to attain that height and what you will be doing in that new assignment. The life of Jack Ma is a lesson for all, and there is a lot we can take away from it. 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