Presentation Entrepreneurship

Jack Ma – Social Entrepreneur

BY SADAF IQBAL
BBA-17-08
BIBLIOGRAPHY
NAME: JACK MA
BORN: OCTOBER 15, 1964
COUNTRY: CHINA
FOUNDER: ALIBABA
NET WORTH: $63 BILLION
POSITION:
EXECUTIVE CHAIRMAN OF ALIBABA GROUP
Beginning of Success:
• AT AN EARLY STAGE MA DEVELOPED A DESIRE TO LEARN ENGLISH SO HE
RIDE HIS BIKE EACH MORNING IN ORDER TO GO TO A NEARBY HOTEL AND
CONVERSE WITH FOREIGNERS HE GUIDED THEM AROUND THE CITY FOR
FREE IN ORDER TO PRACTICE AND IMPROVE HIS ENGLISH. HE DID THIS
FOR 9 YEARS.

• HE BECAME PEN PALS WITH ONE OF THESE FOREIGNERS AND SHE GAVE
HIM THE NAME JACK BECAUSE HIS CHINESE NAME WAS TOO DIFFICULT TO
PRONOUNCE.

• LATER IN HIS YOUTH, HE FAILED IN 4TH STANDARD TWICE, 8TH STANDARD

THRICE AND FAILED THE UNIVERSITY ENTRANCE EXAM THRICE AND
WENT ON TO FURTHER EDUCATION AND FINALLY IN 1988 HE GRADUATED.
• AFTER HIS GRADUATION HE APPLIED FOR IN 30 COMPANIES BUT
DIDN’T GET APPOINTED. HE ALSO APPLIED FOR JOB IN KFC BUT
OUT OF 24, JACK MA GOT REJECTED.

• FROM 1988 TO 1993 HE TAUGHT ENGLISH AT THE HANGZHOU

INSTITUTE OF ELECTRONICS AND ENGINEERING (NOW HANGZHOU
DIANZI UNIVERSITY). IN 1994, HE FOUNDED HIS FIRST COMPANY,
THE HAIBO TRANSLATION AGENCY, WHICH PROVIDED ENGLISH
TRANSLATION AND INTERPRETATION.
• ON A TRIP TO THE UNITED STATES ON BEHALF OF THE HANGZHOU
CITY GOVERNMENT IN 1995, MA HAD HIS FIRST ENCOUNTER WITH
THE INTERNET AND SAW THE LACK OF CHINESE WEB SITES AS A
GREAT BUSINESS OPPORTUNITY.

• AT FIRST HE STARTED BUILDING WEBSITES FOR CHINESE

COMPANIES WITH THE HELP OF HIS U.S. FRIENDS

• ON HIS RETURN, HE FOUNDED YELLOW CHINA PAGES, WHICH

CREATED WEB SITES FOR CHINESE BUSINESSES AND WAS ONE OF
CHINA’S FIRST INTERNET COMPANIES. DUE TO LESS FUNDS FROM
CHINA JACK MA HAD TO CLOSE THE WEBSITE
• FROM 1998 TO 1999, MA HEADED AN INFORMATION TECHNOLOGY
COMPANY ESTABLISHED BY THE CHINA INTERNATIONAL
ELECTRONIC COMMERCE CENTER, A DEPARTMENT OF THE
MINISTRY OF FOREIGN TRADE AND ECONOMIC COOPERATION.

• IN 1999, HE QUIT AND RETURNED TO HANGZHOU WITH HIS TEAM TO

FOUND ALIBABA, A CHINA-BASED BUSINESS-TO-BUSINESS
MARKETPLACE SITE IN HIS APARTMENT WITH A GROUP OF 18
FRIENDS. HE STARTED A NEW ROUND OF VENTURE DEVELOPMENT
WITH 500,000 YUAN.
• MA WANTED TO IMPROVE THE GLOBAL E-COMMERCE SYSTEM AND
FROM 2003 HE FOUNDED TAOBAO MARKETPLACE, ALIPAY, ALI MAMA
AND LYNX.
• AFTER THE RAPID RISE OF TAOBAO, EBAY OFFERED TO PURCHASE THE
COMPANY. HOWEVER, MA REJECTED THEIR OFFER, INSTEAD
GATHERING SUPPORT FROM YAHOO CO-FOUNDER JERRY YANG WITH A
$1 BILLION INVESTMENT.
• IN 2004 IT WAS REPORTED THAT ALIBABA RAISED 25 BILLION THE
LARGEST INITIAL PUBLIC OFFERING IN US FINANCIAL HISTORY.
• MA NOW SERVES AS EXECUTIVE CHAIRMAN OF ALIBABA GROUP
WHICH IS A HOLDING COMPANY WITH 9 MAJOR SUBSIDIARIES.
Philanthropy:
 Jack Ma is the founder of the Jack Ma Foundation, a philanthropic organization focused on improving education,
the environment and public health.
 In 2008, Alibaba donated $808,000 to victims of the Sichuan earthquake.
 In 2009 Jack Ma became a trustee of The Nature Conservancy's China program
 In 2015, Alibaba launched a non-profit organization, Alibaba Hong Kong Young Entrepreneurs Foundation, which
supports Hong Kong entrepreneurs to help them grow their businesses.
 During the same year, the company funded the rebuilding of 1,000 houses damaged by the earthquake-hit in
Nepal, and raised money for another 9,000.
 In September 2018 Ma started the Jack Ma Foundation and announced that he would retire from Alibaba to pursue
educational and environmental causes.
 In 2019, Forbes named Ma in its list of "Asia's 2019 Heroes of Philanthropy" and awarded him the Malcolm S.
Forbes Lifetime Achievement Award for his work supporting underprivileged communities in China, Africa,
Australia, and the Middle East.
 In 2020, in response to the COVID-19 pandemic, the Alibaba Foundation and Jack Ma Foundation launched
various initiatives, some of which involved donating medical supplies to the United States as well as various
countries in Asia, Africa, and Europe.
Jack Ma’s Top 10 Rules For Success
 1. Get used to rejection
 2. Keep your dream alive
 3. Focus on culture
 4. Ignore the “Little Man”
 5. Get inspired
 6. Stay focused
 7. Have a good name
 8. Customers are Number One
 9. Don’t complain, look for opportunities
 10. Have passion
“Never give up. Today is hard, tomorrow will be worse, but the day
after tomorrow will be sunshine.” Jack Ma

Jack Ma has proved that if you never give up on your dream, your
dream will become your reality one day.
Awards and honors:

• IN 2004, MA WAS HONORED AS ONE OF THE "TOP 10 ECONOMIC PERSONALITIES OF THE YEAR" BY CHINA
CENTRAL TELEVISION (CCTV).
• IN SEPTEMBER 2005, THE WORLD ECONOMIC FORUM SELECTED MA AS A "YOUNG GLOBAL LEADER".
• FORTUNE ALSO SELECTED HIM AS ONE OF THE "25 MOST POWERFUL BUSINESSPERSON IN ASIA" IN 2005.
• BUSINESSWEEK ALSO SELECTED HIM AS A "BUSINESSPERSON OF THE YEAR" IN 2007.
• IN 2008, BARRON'S FEATURED HIM AS ONE OF THE 30 "WORLD'S BEST CEOS"
• IN MAY 2009, TIME MAGAZINE LISTED MA AS ONE OF THE WORLD'S 100 MOST POWERFUL PEOPLE.
• BUSINESSWEEK CHOSE HIM AS ONE OF CHINA'S MOST POWERFUL PEOPLE.
• FORBES CHINA ALSO SELECTED HIM AS ONE OF THE TOP 10 MOST RESPECTED ENTREPRENEURS IN CHINA
BY IN 2009.
• MA RECEIVED THE 2009 CCTV ECONOMIC PERSON OF THE YEAR: BUSINESS LEADERS OF THE DECADE
AWARD.
• IN 2010, MA WAS SELECTED BY FORBES ASIA AS ONE OF ASIA'S HEROES OF PHILANTHROPY FOR HIS
CONTRIBUTION TO DISASTER RELIEF AND POVERTY.
• IN 2011, IT WAS ANNOUNCED THAT ONE OF HIS COMPANIES HAD GAINED CONTROL OF ALIPAY, FORMERLY
A SUBSIDIARY OF ALIBABA GROUP, SO AS TO "COMPLY WITH CHINESE LAW GOVERNING PAYMENT
COMPANIES IN ORDER TO SECURE A LICENSE TO CONTINUE OPERATING ALIPAY.
 Continued
• MA WAS AWARDED AN HONORARY DOCTORAL DEGREE BY THE HONG KONG UNIVERSITY OF SCIENCE AND
TECHNOLOGY IN NOVEMBER 2013.
• IN 2013, HE BECAME CHAIRMAN OF THE BOARD FOR THE NATURE CONSERVANCY'S CHINA PROGRAM; THIS WAS ONE
DAY AFTER HE STEPPED DOWN FROM ALIBABA AS COMPANY CEO.
• IN 2014, HE WAS RANKED AS THE 30TH-MOST-POWERFUL PERSON IN THE WORLD IN AN ANNUAL RANKING PUBLISHED
BY FORBES
• IN 2015, ASIAN AWARD HONORED HIM WITH THE ENTREPRENEUR OF THE YEAR AWARD.
• IN 2017, FORTUNE RANKED MA SECOND ON ITS WORLD'S 50 GREATEST LEADERS LIST.
• IN 2017, A KPMG SURVEY RANKED MA THIRD IN GLOBAL TECH INNOVATION VISIONARY SURVEY.
• IN OCTOBER 2017, MA WAS GIVEN AN HONORARY DEGREE OF DOCTOR OF SCIENCE IN TECHNOPRENEURSHIP FROM DE
LA SALLE UNIVERSITY MANILA, PHILIPPINES.
• IN MAY 2018, MA WAS GIVEN AN HONORARY DEGREE OF DOCTOR OF SOCIAL SCIENCES BY THE UNIVERSITY OF HONG
KONG IN RECOGNITION OF HIS CONTRIBUTIONS TO TECHNOLOGY, SOCIETY AND THE WORLD.
• IN MAY 2018, MA RECEIVED AN HONORARY DOCTORATE FROM PROFESSORS YAAKOV FRENKEL AND YARON OZ AT THE
TEL AVIV UNIVERSITY
• IN MAY 2019, MA AND OTHER 16 INFLUENTIAL GLOBAL FIGURES WERE APPOINTED BY SECRETARY-GENERAL OF THE
UNITED NATIONS AS THE NEW ADVOCATES FOR SUSTAINABLE DEVELOPMENT GOALS.
• IN JULY 2020, MA RECEIVED FROM KING ABDULLAH II A FIRST CLASS MEDAL FOR HIS CONTRIBUTION IN FIGHTING
BACK AGAINST THE COVID-19 PANDEMIC
• IN AUG 2020, MA WOULD RECEIVED FROM PRESIDENT OF PAKISTAN HILAL E QUAID E AZAM FOR HIS CONTRIBUTION IN
FIGHTING BACK AGAINST THE COVID-19 PANDEMIC
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