The co-founder and former executive chairman of Alibaba Group, Jack Ma, is the CEO of AliExpress. His path to achievement serves as a motivating example for people who experience several rejections and decide to give up. Discover more about Jack Ma’s life in this article, including his biography, age, career, net worth, relationships, and other facts.
Jack Ma’s Wiki
|Full Name||Ma Yun|
|Profession||Businessman, Philanthropist, Kung Fu master and politician|
|Birthday||10 September 1964|
|Age||58 years old|
|Eye Color||Dark Brown|
|Religion||Buddhism and Taoism|
|Net Worth||$ 34 Billion|
Jack Ma’s Early Life
On September 10, 1964, Jack Ma, commonly known by his Chinese name Ma Yun, was born in Hangzhou, Zhejiang, China. From an early age, he expressed interest in learning English, studying the subject and using it to practice speaking with English speakers at the Hangzhou International Hotel. In order to improve his English, he also spent nine years giving tours to tourists. He earned the moniker “Jack” from one of these foreigners who he met and later exchanged letters with.
Due to his unsatisfactory result on the Chinese university admission tests, Ma found it difficult to enroll in university. Only once a year are the examinations given, and Ma needed four years to pass. Later, he enrolled at Hangzhou Teacher’s Institute (now Hangzhou Normal University), where he earned a Bachelor of Arts in English in 1988.
Ma began teaching English and international trade at Hangzhou Dianzi University after earning her degree. He famously submitted ten applications to Harvard Business School, all of which were turned down. He has also claimed that he applied for thirty different jobs, all of which rejected him. In 1994, he founded Hangzhou Haibo Translation Agency, his own business. Ma first encountered the internet in 1995 while visiting the US with some pals. Even though information on beer from many other nations was available, Ma and a buddy couldn’t locate any information on Chinese beer, so they made their own website and launched it.
Ma led a newly founded information technology company from 1998 to 1999. He apparently received multiple emails from Chinese investors asking for more information about him within a short period of time. Ma and computer tutor He Yibing founded China Pages, Ma’s second business, after seeing the potential of the internet. They acquired 5 million Chinese yuan within three years after registering the domain name “chinapages.com” in the United States in May 1995. Ma then started creating websites for Chinese businesses with the aid of US-based acquaintances.
Ma served as the director of an information technology firm run by the China International Electronic Commerce Center, a division of the Chinese Ministry of Foreign Trade and Economic Cooperation, from 1998 to 1999, but he left the position in 1999 to move back to Hangzhou.
With the assistance of eighteen of his friends back in Hangzhou, Ma created Alibaba, a China-based business-to-business marketplace website, in his flat. Alibaba received a total of $25 million in foreign venture capital investment between October 1999 and January 2000.
Alibaba’s growth over the past 15 years has been exponential. The company is currently the biggest online store in the world, surpassing both Amazon.com and eBay combined. Between June 2013 and June 2014, the company’s 280 million active consumers from more than 240 different countries transacted well under $300 billion in goods and services. Alibaba.com, Tmall.com, eTao, Alibaba Cloud Computing, Taobao Marketplace, and Yahoo! China are among the company’s six active subsidiaries at the moment. He has received numerous professional accolades, including selection to Fortune Magazine’s 2005 list of the “25 Most Powerful People in Asia” and selection as Businessweek’s “Businessperson of the Year” in 2007. On September 10, 2018, he declared that he would be leaving his post as executive chairman of Alibaba Group Holding, and Daniel Zhang will succeed him.
Jack Ma is a husband. He and Cathy Zhang are wed (also known as Zhang Ying). They became buddies while attending college, and in 1988, after graduating, they got married. Three children were born to proud parents Jack Ma and Cathy Zhang.
Cathy Zhang has also supported Jack Ma’s business endeavors. Up until 2004, she served as the general manager of the Alibaba group. Jack Ma enjoys an extremely happy life with his wife and kids.
One of the tourists that Jack Ma spent some time with gave him the moniker Jack. He used to call Ma by his nickname Jack because he found it difficult to pronounce his Chinese name. Ma Yun later changed his name to Jack Ma.
FAQ about Jack Ma
What is Jack Ma’s Salary?
An estimated $4 billion is Jack Ma’s yearly pay.
Who is Jack Ma’s wife’s name?
Name of Jack Ma’s spouse is Cathy Zhang.