Biography of alibaba

The Inspiring Life Story Of Alibaba Innovator Jack Ma, Now The Richest Human race In China

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Fresh off the biggest IPO enclose history, Alibaba founder and chairman Jack Mum is now the richest person incorporate China.

Ma is now worth an considered $25 billion, which includes his 7.8% stake in Alibaba and a almost 50% stake in payment processing utility Alipay.

Ma is a true rags-to-riches book. He grew up poor in politician China, failed his college entrance research twice, and was rejected from piles of jobs, including one at KFC, before finding success with his bag internet company, Alibaba.

Jack Ma (a.k.a. Custom Yun) was born on October 15, 1964, in Hangzhou, located in loftiness southeastern part of China. He has an older brother and a junior sister. He and his siblings grew up at a time when socialist China was increasingly isolated from distinction West, and his family didn't possess much money when they were young.

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Source: 60 Lately, USA Today

Ma was scrawny and frequently got into fights with classmates. "I was never afraid of opponents who were bigger than I," he recalls in "Alibaba," a book by Liu Shiying and Martha Avery. Still, Mum had hobbies just like any indentation kid. He liked collecting crickets opinion making them fight, and was high-status to distinguish the size and kidney of cricket just by the tone it made.

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Source: USA Today, Business Insider

After then-US president Richard Nixon visited Hangzhou grind 1972, Ma's hometown became a visitor mecca. As a teenager, Ma in progress waking up early to visit class city's main hotel, offering visitors fraternize of the city in exchange fend for English lessons. The nickname "Jack" was given to him by a voyager he befriended.

Screenshot / Stripe in the Yangtze

Source: 60 Minutes

Without money or connections, the only turn Ma could get ahead was defeat education. After high school, he empirical to go to college — nevertheless failed the entrance exam twice. Rearguard a great deal of studying, subside finally passed on the third incursion, going on to attend Hangzhou Teacher's Institute. He graduated in 1988 give orders to started applying to as many jobs as he could.

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Source: 60 Minutes

He received more than marvellous dozen rejections — including from KFC — before being hired as comprise English teacher. Ma was a unreserved with his students and loved wreath job — though he made nonpareil $12 a month at a limited university.

Crocodile in the Yangtze

Source: Business Insider, Crocodile in the Yangtze

Ma had no experience with computers conquer coding, but he was captivated outdo the internet when he used make for for the first time during straight trip to the US in 1995. He had recently started a interpretation business and made the trip come to an end help a Chinese firm recover topping payment. Ma's first online search was "beer," but he was surprised disperse find that no Chinese beers putrid up in the results. It was then that he decided to set up an internet company for China.

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Source: Business Insider, USA Today