Jack Ma’s Inspiring Success Story
Jack Ma
Founder and CEO of Alibaba Group
Jack ma a guy who was born in a poor family became one of the world’s richest man, After completing his graduation he struggles a lot to get one Job. But today he is providing an opportunity to Lakhs of people to work on his company.
Jack Ma was born on 10 September 1964 in Hangzhou, China. Jack parents were traditional musicians, and he has one younger sister and elder brother.
From his childhood Jack has a curiosity in learning and speaking English. But by that time no one has preferring to speak English in china. Once in 1972 America’s former President Richard M. Nixon has traveled to china for an Official work and visited Jack ma’s city Hangzhou. After visited that place Nixon said that he loved Hangzhou it was a beautiful place to visit. Similarly Hangzhou become a tourist destination and more foreigners preferred to visit that place. Here Jack thought he got one favorable opportunity, by communicating with foreigners will help to improve his English skills for that he became a tourist guide. He used to travel 50 kilometers in his bicycle to reach tourist place. He has been worked for 9 years as a tourist guide.
After finishing his schooling he wrote an entrance exam to continue his education in college but he failed in entrance exam for twice. Finally the third time he passed in entrance and completed his college. Later to complete his degree he applied to Harvard University and got rejected more than 10 times. he was desperate with that and enrolled in china normal university and completed his bachelors degree.
Jack entered in job searching, he applied for 30 jobs but unluckily he didn’t get selected in a single job. Subsequently he applied for a police job but they rejected him saying three simple words “you’re no good”. Jack was so frustrated even he applied for a Job in KFC 23 people got selected and the guy only one Jack was got rejected.
Jack Ma is believed in theory of “Never Give Up”. Finally he joined as an English lecturer in one university. By continuing his job he started a translation service company. In 1995 jack visited USA for his company project. Here for the first time jack was introduced to computers and internet Because computers were rare in china. jack was surprised with computers and the first word he had searched in internet was Beer. jack got results for different countries but not china. Jack got a potential business opportunity and started a company called “China Pages” where Chinese Entrepreneurs could do business with the rest of the world. But due lack of funding jack shutdown that business
Later jack got placed in one government job in the Ministry of Foreign Trade and Economic Cooperation. However jack was not so happy with that job he resigned to that job and by grouping 17 people he established one E-commerce company called Alibaba.com in 1999. Jack continued his efforts to raise funds and eventually two companies Goldman Sachs and Soft Bank invested $25 Million in Alibaba Group. After that with great efforts and unique ideas Alibaba Group profits crossed world’s Largest E-commerce company EBAY in China. Subsequently Jack succeeded in getting Yahoo to invest a huge count $1 Billion for a 40% stake in Alibaba Group in 2005.
In 2014 Alibaba turned out largest IPO in the world, Jack and his team successfully raised $25 Billion for Alibaba by listing it in the New York stock exchange in the USA. That’s how Alibaba group become the world’s largest company till date. And also Jack Ma donates millions of dollars for people health and education in china.
