Building one of the biggest online e-commerce platforms, does not require any techniques or specialized knowledge or application and not even a business plan, then what makes your business to run long?
Today we will read a story. A story of man’s life who has transform the economy of China and the internet industry almost alone, single handedly. His life is not less than the story of Robert or Spider that we used to enjoy during kindergarten. Yes, it is the story of Jack Ma.
WHO IS JACK MA?
Jack Ma is the founder, owner of the giant E-commerce platform the Alibaba and he is also a stakeholder at Alipay, company which is an e-payment portal. He is counted in the list of one of the richest men in the world with the net worth of $35 billion. Ma only holds only 7.8% stake in Alibaba and 50% in Alipay.
The beginning can make you to think that the story of self-important and the billionaire has never faced the dark. But do not let these number mentioned above confused you, they can trick anyone. We cannot deny the fact, that Ma has also faced many hard times to reach and achieve all the success and position where he is today. A true story from being an ordinary man to be the richest, his story is definitely the one that will motivate and inspire you at your darkest.
THE BACK STORY
Ma Yun a.k.a Jack Ma a self-made billionaire was born on 10 September 1964 in Hangzhou in the part of China. He was born and brought up with an elder brother and a younger sister. As a boy Ma did everything, he could do to learn English. At the age of 12 he got an idea to improve his communication in English. Every morning he use to rode bicycle to the international hotel in his hometown and use to wait for tourist to com. He made proposal with tourist. He used to take them around the city and in return they helped him with English.
During his childhood, Ma failed in Primary School Examination not once but thrice. He also failed the university entrance exam. Later finally he joined Hangzhou Normal University. Ma also failed to get the job in his bachelor’s degree. He then recalled his one of the worst interview ever “When KFC came to China 24 people came for the interview out of which 23 of them got selected and I was the only guy rejected” , he also applied for the in the police force and he was one of the 5 applicants and again he was the only guy who was not selected and being told “No, you’re no good.”
As being an entrepreneurial, Jack Ma failed in his two initial ventures, but this did not stop him of dreaming big.
THE COME BACK
Finally, after gathering 17 of his friends to invest and to join the e-commerce start up- Alibaba, the apartment became his company. Alibaba started with no single penny in investment from anyone. But later they raised $20 million and $5 million from SoftBank and Goldman Sachs respectively in the year 1999. After being successful at the age of 31 in his first company even having not experience in selling something to anyone, Ma runs one of the biggest E-commerce platforms in the world. Alibaba saw a rapid growth and expanded all over the world.