Born in Hangzhou, China; Jack Ma was attracted from an early age into learning english, an important fact that lead him to get his bachelor’s degree in 1988 from the Hangzhou University becoming an english teacher with a sallary of 20 $ per month. Establishing connections with partners from the United States, Jack Ma earned his first online money by creating websites with the help of his US friends for Chinese Companies that were interested in expanding their businesses over the sea on the American market. Jack Ma was able to convince his wife and 16 friends to invest their money into a website which was going to intermediate tradings between sellers and buyers worldwide.
There were no stocks involved and no inventory , just a virtual marketplace available for online traders worldwide. After raising an impressive sum of 60,000 $, the company started to get in shape. While being in San Francisco, Jack Ma came with the idea of Ali Baba, the legendary character that was able to open the secret gate of Sesame were a huge treasure was supposed to exist, and so Alibaba.com was born. Jack Ma and his team were amazed to see how small commissions from transactions and advertising fees were transformed into monthly million dollars, making Alibaba one of the most profitable websites. In these last days, Jack Ma has became an important media character due to Alibaba’s huge IPO on the New York Stock Market, which raised up to 22 billion $, making Jack Ma – the richest man in China.
His dream and vision were accomplished after 15 years of hard work and proper thinking, investing every dollar in aproject that one day it is going to be worth billions. For those who empathise with Jack Ma and are curious to find out the secret of his success, the Alibaba founder offers them five lessons and guidelines that were the basement of his career :
1) Money isn’t happiness – it’s responsability
2) You don’t need family connections to achive sucess
3) Expect the unexpected
4) Think ahead
5) To change the world, invest in youth
The 50 years old e-commerce billionaire is the father of two children and even if his company established the record of having the largest offering on the US Stock Exchange, Jack Ma strongly affirms that money never affected his personality and human inside.
Richieast shares the video below where you can admire Jack Ma’s belief and strong feeling of his futuristic busines strategy of implementing Alibaba on the American market in 1999