It is a fact that Jack Ma, the richest man in China by founding the e-commerce giant Alibaba, does not come easily these days. His story is perhaps the most inspiring…
Since Ma Youn wanted to learn English very much, from the age of 9, she got up at 5 every morning and used her bike to go to a hotel in the city center where there was a large number of tourists, and she was practicing English by taking them around without paying.
He decided to start school, but he could not succeed in the primary school, secondary school and university exam in the first time. He applied to Harvard University 10 times and was rejected 10 times.
Having experienced a lot of failures in his school life, Ma did not have many brilliant experiences, especially in business life. He received a refusal from 30 jobs he applied for.
“I applied to be a police officer, 4 out of 5 applicants were accepted, I was not accepted. When KFC entered the Chinese market, 25 people applied for the job, 24 were recruited, and I was the only one who was not accepted.”
After college, he married his girlfriend from high school and started working as a teacher. In 1995, he went to the USA to work as a translator and became acquainted with the Internet.
First, he searched for “beer” in the search engine and found a lot of results, but noticed that there were no results for Chinese beer.
He returned to China. He founded Alibaba.com in 1999 with 17 of his friends.
As expected, this name comes from Alibaba and the Forty Thieves. The story is as follows:
Initially, many American investors said, “This man is crazy, this business will not work.” Alibaba, which he founded with a fortune of 100 thousand dollars, then received investments from companies such as SoftBank and Goldman Sachs.
Alibaba did not have a payment system at first. Only products could be listed. Thereupon, Jack Ma created the “Ali Pay” electronic payment system.
Jack Ma never stopped. It was as if he was taking revenge for the negativities he had experienced over the years. In 2003, he founded the shopping site TaoBao as a competitor to eBay.
Jack Ma, who made Alibaba an e-commerce giant with 24 thousand employees and more than 10 thousand partner companies worldwide, resigned from his CEO position in 2013 and announced that he left his place to young people.
“Never back down. Today is hard, tomorrow will be harder, but tomorrow you will see the sunrise.” Jack Ma.
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