TRUTH ABOUT FUCKLETS AND FACKLETS - TRUMPETS, OBAMAS, BIDENS AND PUTINS, XI JINPINGS AND PIGS AND EVERYTHING IN BETWEEN...THE GOOD, BAD, AND UGLY = TRUTH https://ausertimes.blogspot.com/2022/10/chinese-advertised-watch-products.html CAN BE SEEN HERE....THE REAL ACCOUNT OF CRIME - NOT MEMOIRS OF SOMEONE(@Harry - how about "somebody") ENTITLED....
@YAHOO - Alibaba made a very significant progress after Yahoo invested $1 billion in the company in exchange for 40% stake.
BIG AMERO CHINESE LIE BASED ON REAL EVENTS AND CRIME AGAINST TARGETED INDIVIDUAL - BASED ON MY CASE.
Ohhhh, and I am so sorry to use UNROYAL language....its not that I love profanities either, but how !!??? No apologies(not even what to some is obscene language) from my end whatsoever....
The Grass-To-Grace Story How A Poor School Teacher, Jack Ma Became A Billionaire
Posted by Thandiubani on Mon 01st Jul, 2019 - tori.ng
Jack Ma who is the second richest man in Asia was once a poor school teacher who struggled to make it in life.
His real name is Ma Yun but better known as Jack Ma. The now billionaire co-founder of E-commerce giant, Alibaba came from a very poor home. He was born on the 10th of September 1964 in Hangzhou, China and struggled from a humble beginning to become one of the most richest and powerful men in Asia.
The former school teacher is married to Zhang Ying, a teacher whom he met at school, after they graduated in the late ’80s. They have two children — a daughter and a son.
Today, Ma is ranked number 21 in Forbes list of richest people in the world worth about $37.3 billion dollars. He is the second richest man in Asia, behind Asia’s richest man, Ma Huateng who is the Chief Executive Officer of Tencent – a Chinese multinational investment holding conglomerate.
In his early years, Ma passed through many life difficulties. Not only did he come from a poor home, getting the necessary education to succeed in life was a very herculean task.
Ma began studying English at a young age by conversing with English-speakers at Hangzhou international hotel. In order to perfect his English, he would ride 70 miles on his bicycle to give tourists tours of the area to practice his English for nine years. During this period, he became pen pals with one of those foreigners, who nicknamed him “Jack” because he found it hard to pronounce his Chinese name.
Out of a desire to make a difference and throw off the shackles of poverty, Ma decided to further his education but it was not easy at all.
He failed his primary school examination twice, his middle school exams thrice, and his university entrance exams thrice before eventually being admitted to study English at the Hangzhou Normal University.
The rejections:
Even with such relative progress, things still didn’t fall in place for Ma. After graduating with a B.A. in English, Ma worked as an English teacher at Hangzhou Dianzi University, but that was not all he wanted in life.
He began applying for jobs but was met with rejections. Speaking at the University of Nairobi about the lessons he learnt from the rejections, he said: “You have to get used to failure,”
He applied for 30 jobs in his home city of Hangzhou, China and was rejected from every one.
Ma revealed his job hunting experience at Kentucky Fried Chicken (KFC) in China where 24 people applied for the job including himself, 23 were hired, he was the only one rejected.
“I even went to KFC when it came to my city. Twenty-four people went for the job. Twenty-three were accepted. I was the only guy …” he told interviewer Charlie Rose.
It was that demoralizing.
Even when he tried to be a police officer and applied for the job, four out of the five applicants were hired, except him.
“I went for a job with the police; they said, ‘you’re no good'”, Ma told interviewer Charlie Rose in 2015.
He even lost a job to his cousin.
“My cousin and I waited for two hours [in a] long queue to be the waiter for the four star hotel in my city, on a very hot day,” he says. “My cousin’s score was much lower than mine, [but] he was accepted and I was rejected!”
Ma also got turned down by Harvard 10 times, he told Charlie Rose.
“I told myself someday I should go teach there maybe,” he laughs.
The rejections were very painful, he would later admit.
“If you can not get used to failure — just like a boxer — if you can’t get used to [being] hit, how can you win?” he told the audience in Nairobi.
Today, he boasts of $37.3 billion dollars net worth and is the second richest man in Asia.
The breakthrough
The businessman made his breakthrough after going to the United States in 1995 with friends where he was introduced to the Internet. Curiously, he noticed that information related to beer from many countries could be found on the net but none from China was available. When he searched for general information about China, he found none.
This gave him the idea of something greater to come. That year, he launched a website at 9:40 AM, and by 12:30 PM he had received emails from some Chinese investors wishing to know about him. This was when Ma realized that the Internet had something great to offer. In April 1995, alongside a friend, He Yibing (a computer teacher), Ma opened the first office for China Pages. He later registered the domain chinapages.com and within three years, the company had made 5,000,000 Chinese Yuan which at the time was equivalent to US$800,000.
But, his greatest business idea was yet to come. After acquiring enough knowledge and information in the line of business he was to invest in, he quit his position as the head of the China International Electronic Commerce Center, a department of the Ministry of Foreign Trade and Economic Cooperation and founded Alibaba alongside his team in 1999. He suffered serious setback after his funding proposal was rejected by Silicon Valley and made zero revenue from the business for the first three years.
In fact, the Alibaba was on the brink of bankruptcy before it went public in September 2014 at $92.70 per share, making it the biggest US IPO in history.
Alibaba made a very significant progress after Yahoo invested $1 billion in the company in exchange for 40% stake.
In 2009 and 2014, Ma was named one of Time‘s 100 most influential people. He was also chosen as one of ‘China’s Most Powerful People’ by Business Week. Ma is the first mainland Chinese entrepreneur to appear on the cover of Forbes.
Alibaba’s market cap stood at US$352.28 billion as of 19 December 2018. It is the second Asian company to break the US$500 billion valuation mark, after its competitor Tencent.
Apart from being one of the most valuable companies in the world, Alibaba has the 9th highest global brand value. It is today, the world’s largest retailer and e-commerce company, one of the largest Internet and AI companies, one of the biggest venture capital firms, and one of the biggest investment corporations in the world.
Its online sales and profits surpassed all US retailers (including Walmart, Amazon and eBay) combined since 2015.
From nothing, Ma has built an empire – quite impressive for a boy from a poor home.
END AND AGAIN ANOTHER MAIN STREAM MEDIA KING FABLE THAT CAN BE RED BELLOW....WHEN JACK WAS ME AND I EXISTED NOWHERE(only inside of the REAL PSYCHIATRIC HOSPITAL)....
Alibaba Founder Jack Ma and his crazy Management style every startup founder must follow
Alibaba’s Founder-CEO Jack Ma is a known face in the Indian startup scene. He’s invested in Snapdeal and a couple of other
Valued at a mind-boggling $240 billion, Jack Ma has built what might be the most diversified global technology ever, both in terms of management culture and product offerings. It has three primary platforms – Alibaba (B2B), Tmall (B2C) and Taobao (C2C). This has also made him the richest man in China with a personal valuation of over $18 billion.
Here are the main elements of Crazy Ma’s management style that made him the man he is:
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A lot of who Ma’s company culture is built around who he is, and that’s about being charming, holding fun events and singing karaoke. His outspoken and fun-loving side has seeped into his management style. He believes you don't have to be grumpy if you're in charge.
This doesn’t mean he doesn’t take business seriously. Ma has worked really hard from the beginning, and has air of inclusion and comradery around himself.
He’s created an image around himself where his employees treat him as their leader, and also a father figure. This has ended up creating a solid and tight-knit hardworking workforce that’s always at Ma’s command. This was no accident, it was by design.
You don’t have to be ‘shrewd’
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There’s a naive innocence with which Ma approaches life’s problems, and that ensured he never backed down.
Mind, he started off as a teacher, earning $15 a month, and was supplementing his income peddling on the streets. He wasn’t disheartened when KFC, a hotel and the police turned him down for jobs, and kept going. At 50 yeard old, he's not in it for the money, but with a mission to change how business is done is China and the world.
He sees the world through the hopeful eyes of a child, believing in the essence of technology and its power to touch lives. This has led him to overcome the impossible, and keep his focus where it needs to be.
Did we tell you his favorite movie is Forrest Gump? Makes sense.
Innovating is not always about inventing
Image Source
Believe it or not, Ma has it clear in his head that innovation isn’t always about invention. When eBay was being touted as the largest and most successful C2C e-commerce site in the world, Ma launched
What Ma did was adapt the concept specifically for China. He knows his country inside-out, and knows that consumer mind-set is as important as anything else. He’s included a real-time chat function on Taobao. That way buyers and sellers can chat in real time, and every transaction is personal.
If you think it straight, Steve Jobs didn’t invent the digital music player, nor did Bill Gates invent computer OS. All these people built the best they could on top of what was already there. The rest is history.
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IT TRULY HAPPENED AND MUCH MORE(VIA BOG BOTHER IS WATCHING YOU X TIMES) BEGINNING IN 1995....LASTED ALL THE WAY TO 2022 AND STILL GOES ON AS I WRITE THIS TO YOU....TRUTH ABOUT BRAVE NEW WORLD.
I SURE AM NONE OF THE TWO, BUT BOTH TRIED TO BORROW ME WITH JACK MA EVEN CRYING ME HOW IF I STATE STATED ABOVE, WILL TAKE HOPE FROM POOR IN THIS WORLD....
@JACK MA - I WOULD GIVE YOU CITIZENSHIP IF YOU WOULD COME HERE, BUT ONLY UNDER CONDITION YOU WOULDN'T BE AFRAID OF THOSE BACK IN CHINA....THE KIND OF CHINESE WHO FEAR THEIR MASTERS BACK IN CHINA ARE NOT WELCOME HERE. GO FIGURE OUT(related to terrorism issues - nobody should import one)....
UPDATED ON SEPTEMBER OCTOBER 26TH, 2022
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