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Jack Ma, English Lecturer Who is Now King of e-Commerce

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Author Published 12:48 AM

Jack Ma

Jack Ma is one of the most successful businessmen in the world. He is the founder of China's e-Commerce giant, Alibaba Group, which offers consumer-to-consumer (C2C), business-to-consumer (B2C) and business-to-business (B2B) services via the internet.

The man who was born Ma Yun on September 10, 1964 is one of the richest people in the world. Based on the rank of The World's Billionaires 2017 released Forbes, he occupies the 23rd position with a net worth of US $ 28.3 billion (assuming exchange rate per US $ 1).

Wealth continues to grow, which, when quoted in real time net worth Forbes per Wednesday (3/52017), amounted to US $ 30.6 billion.

The source of Ma's wealth comes from Alibaba, which he built into a "giant star" internet business. Alibaba's Initial Public Offering (IPO) in 2014 broke the record as the largest public share offering in the world.

Although criticized as Alibaba does not maximally limit the sale of counterfeit goods, Ma successfully leads the company and scores high sales. Alibaba also made the target of creating 10 million profitable businesses and 100 million job vacancies in the next 20 years.

Rejected and Reached Success
Alibaba's success did not happen overnight. Jack Ma also took a long way to establish Alibaba, 18 years ago in Hangzhou, Zheijiang, Tiongkok.
Citing the Business Insider page, Jack Ma was born in Hangzhou and started learning English at a young age. She practiced her foreign language skills with English-speaking people at the Hangzhou hotel, about 40 minutes biking from her home.

He is willing to give a free tour around the city to improve his English skills and do it for nine years. Ma was a pen-pal with one of the strangers, who later gave him the name "Jack", because of the difficulty of pronouncing his real name.
 
JackMa is not like typical of most technology firms. It took him four years to pass the college entrance exam. Ma studied at the Hangzhhou Teacher's Institute now Hangzhou Normal University - and graduated from the English department in 1988.
After graduation, Jack Ma became professor of English and International Trade at Hangzhou Dianzi University. He then enrolled at the Cheung Kong Graduate School of Business (CKGSB) and graduated in 2006.

Despite having been educated in college, it was not an easy matter for him to get a job. After graduating, he applied for 30 different jobs and all were rejected, including in the Kentucky Fried Chicken (KFC) fast food restaurant.

"I applied for a job at KFC when the store was in my town, 24 people applied for the job and 23 were accepted," said Ma once, as she told him the only applicant KFC had rejected at the time.

Ma learned about the internet in 1994, when she heard about the technology. In early 1995, he went to the United States (US), and with the help of a number of his friends, Ma began an introduction to the internet since it was the beginning of Jack Ma's success and built the Alibaba company.

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