He became a Doctor of Science in Technopreneurship, an honorary degree from the De La Salle University, Manila, Philippines. Jack Ma was named the ‘Businessman of the Year’ by the ‘Business Week’ magazine and furthermore highlighted on the rundown of ’25 Most Powerful Businesspeople in Asia’, in 2005. He sang and spoke to an emotional crowd in Hangzhou, China. Jack Ma's Net Worth Grows as He Buys 40% of Yahoo! Jack Ma tied the knot with a woman named Zhang Ying, whom he had first met while studying at the ‘Hangzhou Teacher’s Institute.’ Zhang played an important role in initiating Jack’s first business venture. ‘China Central Television’ had mentioned Jack in its ‘Top 10 Economic Personalities of the Year’ list, compiled for the year 2004. Jack Ma- His Story, Achievements, and Lessons for Today’s World. Furthermore, he was at the head of the China International Electronic Commerce Center from 1998 to 1999. After starting his first venture with a mere $20,000, the entrepreneur went on to earn around $800,000 in just three years. He is a Chinese technology and internet entrepreneur, philanthropist and business magnate. Jack Ma was born Ma Yun in 1964 in Hangzhou during China’s Cultural Revolution, during which his family was persecuted because of his grandparents, who were members of the Nationalist party that opposed the Communist party. Later in the year, Jack celebrated the completion of 18 years of his ‘Alibaba Group.’ He performed on stage for the song ‘Can You Feel The Love Tonight,’ dressed like a heavy metal lead singer. Use your instinct; Focus on mission, not money; Know what your business is; Have a bold long-term vision; Breathless efforts for achievements; Expanding the Boundaries; Empowering Others; Bonding with Culture and Philanthropy; He Doesn’t Make Enemies Look beyond your prevailing circumstances. He would give the lodgers in the hotel a tour around the city free of charge just to learn the English language from them. Jack Ma founded Chinese e-commerce company Alibaba in his apartment in 1999 with no money and a small team. After stepping down from his responsibilities in 1999, Jack founded a company called ‘Alibaba’ along with his friends. Ma understands that no matter how hard you try you will never be able to convince every single employee, business partner, and potential investor to trust you or believe what you say. Never let go of your goal, work towards it and focus on it until you achieve it. His company raised a whopping $25 billion in an initial public offering (IPO) on the New York Stock Exchange, the largest in the US financial history. Yet Ma once made ... His achievements are practically unbelievable considering his meager, humble beginnings. He understood the inability to relate internationally and created the link that would boost the economy of his country. However, Jack was disinterested in signing a deal with the firm. Why Do People Fail in Business? He has also been featured in world-renowned magazines, such as ‘Forbes’ and ‘Time.’. If you keep to it, you can make something tangible out of it. Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Tumblr (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to email this to a friend (Opens in new window). Whenever you see an idea or skill in someone, you should cultivate and harness such ideas and values to the benefit of the team. At the ‘Asian Awards’ ceremony held in 2015, he was felicitated with the ‘Entrepreneur of the Year’ award. He was also chosen in 2008 by the same organization among the 30 “World’s Best CEO’s.”. He became pen pals with one such foreigner who nicknamed him 'Jack' as he could not pronounce his Chinese name. When you are young, you should capitalize all your strengths, the power of imagination and energies to achieve your goals. Even if some still disagree, look for a way to harness the talents, gifts, and potential of each member of the team to achieve the set goals. The annual award celebrates an individual who embodies and exemplifies the ideals of entrepreneurship championed by … His desire to speak English encouraged him to visit a hotel frequented by English-speaking foreigners. Resigned as CEO (2013) 2009 was an eventful year in Jack’s life; he secured a spot in ‘Time’ magazine’s list of ‘World’s 100 Most Influential People.’ He also received the 2009 ‘CCTV Economic Person of the Year: Business Leader of the Decade Award.’. He was also nominated as a “Young Global Leader” by World Economic Forum in September 2005. He had to spend up to 500,000 yuan to start this company. The purpose of the company was to create websites for their clients. In the same year, he was ranked as the third in global tech innovation visionary survey in the KMG survey. However, he never let their discouraging stances get him down. Harvard also rejected him all through the ten times he applied for the school. He started practicing the Chinese martial arts since 2009 and learned about the arts from a very popular martial arts teacher and master, Wang Xian. In 2005, he was featured in the list of ‘25 Most Powerful Businesspeople in Asia.’ He was also named ‘Businessperson of the Year’ by ‘Business Week’ magazine in 2007. In the late-1990s, he founded the e-commerce based venture ‘Alibaba’ which catapulted him to global fame. by Zach Ho, vulcanpost.com. He has an older brother and a younger sister. I was studying to be a high school English teacher. Jack Ma’s Leadership Approach. Offered city tours to foreign visitors in exchange for learning English 2. He is known especially for being the founder and CEO of Alibaba Group, which is a popular conglomerate of internet-based businesses. Fine Line vs Bottom Line. He quitted his job in 1999 and went back to Hangzhou to find Alibaba along with his team. He is also among the most influential men in the world today. What matter are the hardiness, fortitude, and spirit that you put into that new endeavor? Jack Ma is a Chinese businessman, investor, and philanthropist. Jack Ma turns 52 on Sept. 10, 2016, and is currently worth $27.9 billion. During 1999-2000, the company received a financial backing of $25 million, which significantly helped in the growth of the company. Being swift does not necessarily mean running the fastest; it can mean bouncing back fast from failure. You should be single-minded in your ambition as a visionary. The intention was to create a website that could serve as a one stop shop for business to business transactions. Jack Ma was selected among the “Top 10 Business Leaders of the Year” in 2014 by the China Central Television and its viewers. At his retirement party, Jack Ma stepped onstage to celebrate Alibaba’s 20th anniversary looking every inch the rock star complete with a leather jacket, shades, guitar, and jewellery. All rights reserved @Arslan.PK. Definition of a Good Business and Bad Business. Summarily, do not hesitate when a new opportunity presents itself. "Jack Ma: If you’re still poor at 35, you deserve it!" He should try to stay one step ahead of the competiti… Some of those he employed then were Jet Li and Wang. Jack Ma, who not only flunked in math as the student, but also failed twice for securing admission in collegeand struggled enough for admission in his third attempt at Hangzhou Normal University, challenged the world of leaders that leader is someone who is not prone to the biggest hurdles but he is who, who can revive with visionary charismatic qualities and he is person who believes in consecutive struggle and inventing the opportunities when management styles are changing, structural changes are … He had to borrow money before he could start his own business. Jack graduated from the institution in the year 1988. Jack was born Ma Yun on 10 September 1964, in Hangzhou, Zhejiang, China. In the mid-1990s, Jack got to know about the Internet and began seeing this new technology as a great business opportunity. This site uses Akismet to reduce spam. Other leadership Qualities, Traits, and Characteristics of Jack Ma Yun. Jack ma, achievements Office. Challenge Of Education Reforms in Pakistan, Pakistan Efforts In Eliminating Hidden Hunger And Nutrition. He could remain resolute because he had a clear idea of what he wanted and nothing could bring him down. Over the years, he has been known to advise, enlighten and lecture several groups of people. Individuals need to start looking across the financial and professional landscape using a broad lens first before concluding impossibility. He equally employed the service of several martial arts teachers to teach at Alibaba. This means you must give your ambitions all the pursuits it deserves until you achieve your. Jack was one of the first few individuals who saw the Internet as a business opportunity even at a time when the rest of the world didn’t believe in his vision. Jack Ma never limits his views. Accepting that and changing your approach is another key to his massive success. One of his friends showed him how to connect to a website. He was succeeded by Daniel Zhang who previously served as the CEO of ‘Taobao.’. Quotes By Jack Ma | Jack Ma, the billionaire who ushered e-commerce into China, is officially stepping down as Alibaba's executive chairman on Tuesday. Even if it wins, it changes its goal to make it not attainable. Yes, he took part in the singing festival the same year he produced the martial arts movie. He even co-founded other similar ventures which were also successful to a great extent; one of these was an e-commerce website called ‘Taobao.’ Jack is the recipient of many awards. He is a Chinese technology and internet entrepreneur, philanthropist and business magnate. Two, Numbers, Three. The world-renowned ‘Forbes’ magazine named him the 30th most powerful person in the world in 2014. Your email address will not be published. The youngster even started guiding tourists in an attempt to spend more time with native English speakers so that he could learn the language by conversing with them. Yes, Jack Ma has a very strong entertainment value. Instead of shooing them off, it is better to work towards uniting them via a common mission, cause and idea. See every opportunity as an open the door to greater things. He later became a lecturer of International Trade and English at the Hangzhou Dianzi University. Ma Yun) was born on October 15, 1964, in Hangzhou, located in the southeastern part of China. The firm, which is considered a rival of other famous websites, such as ‘eBay’, has helped Jack Ma become the richest man in China. Lazy People Are Smarter | Entrepreneurship is for Lazy People The training you feel you lack, your lost educational opportunities, where or how you grew up, or your current situation does not matter one bit; they cannot be strong enough to prevent your success in any of your chosen careers or endeavors. This is one factor that will help unify all members of the team. He was born on the 10th of September 1964, and he is the richest man in China as at today. As hinted earlier, he was born in 1964, September 10th to be precise, in Hangzhou Zhejiang Province in China. Quote Of The Day | Top 100 Quotes, See the events in life of Jack Ma in Chronological Order, http://www.iamwire.com/2015/05/alibaba-founder-jack-ma-leads-128m-series-funding-letv-sports/116460, https://www.youtube.com/watch?v=ZvwBVllprWY, https://commons.wikimedia.org/wiki/File:Enabling_eCommerce-_Small_Enterprises,_Global_Players_(39008130265)_(cropped).jpg, https://www.youtube.com/watch?v=6CWyKNhlyLU, https://www.youtube.com/watch?v=j7B5FL0tKZo, https://www.youtube.com/watch?v=7gegzgaRdIk, https://www.youtube.com/watch?v=0rUq6ltUB0E, https://www.thefamouspeople.com/profiles/jack-ma-6221.php, The Hottest Male Celebrities With The Best Abs, The Top 25 Wrestling Announcers Of All Time, Famous Role Models You Would Like To Meet. He got married after graduating from Hangzhou Teacher’s Institute, which was later changed to Hangzhou normal University. Today, he is among the top richest men in the world. Make sure you put all your strength into it and do not treat anything that comes your way as small. He is known to go beyond limitations to source for solutions where none seems to exist. His accomplishments are numerous, and it may take an entire book to record them. 5/5/2011 0 Comments during the school in a big mess, ZhouHongYi is not so, and in many national physics, mathematics competition prizes. Maybe he is right. “Jack” because the latter could not pronounce Jack Ma’s Chinese name. To honor his entrepreneurship, the former Alibaba chairman was presented with the Malcolm S. Forbes Lifetime Achievement Award at the high-profile Forbes Global CEO conference held in Singapore on Tuesday night. E-Business ; he displayed his dancing skills during the 18th-anniversary party of personal! 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