Date post: | 28-Jul-2015 |
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+Early Life
Born on October 15, 1964 as Ma Yun in Hangzhou
He became a tour guide and would trade tours for English lessons
He saw education as his ticket to success.
+Early Life
After applying to several jobs, he finally got hired by a nearby university as an English teacher!
1995: First trip to the US and first experience with the Internet, after that he was determined to make a Chinese internet company.
Four years and two failures later, he persuaded 17 of his friends to invest in his plan for “Alibaba”
+Alibaba in China
Alibaba has become one of the biggest marketing company in China.
This company wants to compete with foreign countries.
Jack Ma founder of Alibaba said “My vision is to build an e-commerce system”.
He wants to create one million jobs to change China’s Social economic environment.
+Alibaba
Alibaba has a unique fun culture environment for employees.
Employees participate in a talent show annually.
They cherish brotherhood, morality, courage emotion and conscience.
Jack Ma believes that is not about the money but to help China’s development.
+Future - Executing the Global Strategy
Alibaba is currently discussing a deal with an Indian Internet Firm One97 Communications $575 Million Dollar investment Mobile payment system called Paytm Over 25 Million registered users High-profile clients include UBER, Expedia, and Airbnb
Jack Ma believes that economically, India is very similar to China 5-10 years ago. Expects success in India to replicate the success in China.
Alibaba currently owns 80% of China’s e Commerce Market
+Expansion in the US
Alibaba has shown interest in entering the US market
Launched shopping site 11Main.com
Investments in US startups Lyft Tango ShopRunner
E-Commerce experts believe these investments are pointing in the direction of an acquisition of a big US e Commerce
Company.
Ebay Rumors - Buying a major US company will expedite Alibaba’s growth.
Alibaba’s acquisition of a US company will help polish its brand and allow them to adapt to US culture.
Acquisition over Competition
+Works Cited
http://www.nytimes.com/interactive/2014/09/07/business/jack-ma-and-alibabas-circle-of-friends.html?_r=1
http://www.forbes.com/profile/jack-ma/
http://www.bloomberg.com/news/articles/2015-02-11/alibaba-isn-t-too-big-to-fail-jack-ma-tells-regulator
Knowledge.wharton.upenn.edu
www.cnbc.com/id/102335658
http://www.businessinsider.com/the-inspiring-life-story-of-alibaba-founder-jack-ma-2014-10?op=1