Alibaba jack ma biography of barack obama president

Born Ma Yun, he was given his western moniker by a pen pal he met while working as a tour guide for a hotel in his home town of Hangzhou. Despite having to commute some 70 miles by bicycle every day, Ma stayed in the job for nine years, such was his enthusiasm for learning English. He was eventually accepted and graduated with honours in English in From there, he went on to lecture English and international trade at Hangzhou Dianzi University until Ma admits that during this time he applied for Harvard Business School a total of 10 times but was always rejected.

Defying the odds Jack Ma spearheaded e-commerce in China.

Twenty-three were accepted. It was these early knock backs that gave Ma the impetus to go it alone. In he started his first company, Haibo Translation Agency, which called on his strength for languages to offer translation and interpretation. All this despite still not owning a computer himself: his first one came at the age of China Pages was the platform for a website-building business.

The co-founder and executive chairman of multinational tech conglomerate Alibaba Group, Jack Ma is one of Asia’s best-known and wealthiest businessman, with a current net worth of .

Within hours of the launch, venture capitalists were on the phone hoping to invest. Soon after, though, Ma was forced to drop the business owing to strong competition from the bigger Hangzhou Telecom. Realising quite quickly that he stood to lose out on the opportunity to exploit a fledgling e-commerce market, he quit and went back home to Hangzhou to start business-to-business e-marketplace Alibaba.

He convinced 18 of his colleagues to join him. Accountability, achieved through paid membership and certificates for trustworthiness, ensured that transactions were honoured. China has long battled with unscrupulous traders and customers, which the government is now using to justify its controversial Social Credit Score — every citizen is given a score out of