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