G5-Alibaba–Jack Ma

Career

Got to know about the existence of the Internet in the mid 1990s

Visited the US in 1995 to learn more about the Internet

His success led to as the head of a firm governed by the agency "China Inernational Electronic Commerce Center" in 1998

The key to success

The company's business expanded to around 240 different nations (1999-2000)

Tried to venture into E-Business

Became the subject of criticism in 2007

Grabbed the attention of another famous internet shark, "Yahoo"

Point 3: The greatest wealth in life is failure

Point 4: Entrepreneurs must have optimism - entrepreneurial optimism is to learn left hand warm right hand

Point 2: I hope others better than myself

Point 5: Check your own question

Point 1: Learn English to broaden your horizons

Point 6: beyond the average person's ability to adhere

Business Philosophy "Customer First, Employee Second, Shareholders Third"

Point 7: Now is a great business opportunity

Awards

《Time》

《Asia Forbes》

《Forbes》

《The Wall Street Journal》

《 Outstanding Dream of Private Power in China - 100 Honorable Mentioners of Civil Service Outstanding Achievements in National Industry》

the first Chinese-born entrepreneur to appear on the cover

"the world's 100 most influential people."

"2014 New Fortune 500 Rich List"

"World Economic Forum"

《The Economist》

"Asian Charity Hero"

"China's Jabs"

" honored Jack Ma for being a banner figure in the Internet industry and won "

the top ten

the "future global leader" of China

"the world's greatest market"

The success story of Alibaba

went to USA for translating ⭐ Jack Ma's second turning point

convinced his students to invest Alibaba

12 years old ⭐Jack Ma's first turning point

🚩 the company valued $231 billion now

Difficulties that Alibaba had faced
& How Jack Ma solved them

interference from the government

Some investors worried that China could take control of Alibaba and its assets

in 1999

Nobody believed that China would have e-commerse

establish an escrow account- Alipay

creating own payment system

guaranteeing the transactions

Never get money from government or do business with them

Be independent

There's alibaba's unusual corporate structure

put all the power in Jack Ma's hand and the small group of inside

Fake goods

Close the shops that sell fake goods