Of these, among the world's leading businessmen, Jack Ma is also the founder of Alibaba Group, which is one of the richest people in China. He is Asia's second and the 18th richest person in the world. Jack Ma neither has a business management degree nor is he too much handsome.
The secret behind Jack Ma's success is his hard work Let's know about his struggle.
At today's date, Jack Ma was one of the richest people in the world, failing twice in primary school (up to class 5th), and spread to middle school (class VIII) three times.
When he was 8 years old, he started learning English, few people in China do it because people work in Chinese language only. He did not resort to any teacher to learn English, he had become a tourist guide and used to speak in English while touring the tourists. He did this work for nearly nine years. In an interview he said that during this time he not only learned English but also learned the technique and style of the Western people.
Jack Ma spread his college exam in the Entrance examination 3 times.
Harvard University of America was also denied 10 times for graduation, which meant that it was ineligible for admission. In an interview about this, Jack said, "... and I thought, maybe someday I should go there and teach ..."
Well, no children's games admitted to Harvard, this can be considered, but Jack Ma was also rejected by food chain KFC. Jack Ma explains, "When KFC reached our city in our country China, 24 people had applied for jobs, 23 of which were chosen ..." The one person who was rejected was Jack Ma.
He was also rejected when he applied for police recruitment.
In the same 30 jobs he had applied and all were rejected.
Start of business
Despite failing and rejecting, they did not disappoint but opened a translation company with positive thinking. After that he went to America and there he saw the Internet and that people sitting in the house can also connect with each other through the internet. With this thought, he returned to China and launched China's first online directory "China Pages". Jack Ma had borrowed money from his sister to start this company, but this company has failed.
After this he worked in the Chinese Ministry of Commerce and left the job after a few days, after which he moved to his home in Hangzhou and started the 1998 Alibaba Shopping website. There were many problems in front of them. They have no profits for three years. The biggest difficulty of the shopping website was that they had no way of paying online and no bank wanted to work with them.
In such a case, Jack Ma decided that he would develop his own payment system / gateway, named it "Ali Pe" This program facilitated exchange of currency among international customers.
At that time when he told the idea of "Ali Pe" when he told the people, a lot of people said that this is the most stupid idea. Jack said that he does not make any difference to this, if people use that facility easily and their job becomes easy.
Today 80 million people use "Ali Pay"
On their website Alibaba.com, 10 million subscribers come daily. Today, around 34,985 employees work in the Alibaba Group. And Alibaba's market value is $ 231 billion and Jack Ma's property is $ 24.1 billion (130800 crore / 1300 billion rupees).
Today Alibaba E-Commerce Company sells the most online goods in the world. You can guess from this that it is a bigger company than Amazon and E-bay.
The success of the Alibaba Company can be gauged from the fact that this company had introduced its Initial Public Offering (IPO) at 4080 rupees ($ 68) and at the end of the market, it was priced at Rs 5711 ($ 93.89) . It is being reported as the largest IPO ever in the US. His personal property costs around 130800 crores.
Known as Alibaba.com, this company is associated with 190 companies from around the world. In addition to the Alibaba.com website, taobao.com is the largest shopping website in China. Apart from this, tmall.com offers branded items to China's large population on their website.
Not only that, this company has a large stake in China's social media like Sina Vibo, as well as Alibaba shares a significant share in YouTube's video sharing website Youku Tudou. These companies offer marketing, cloud computing and logistic services. In the early days of the Alibaba Company, only 18 people used to work and only 22 thousand people work.
