Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Accueil  >  Business Leaders Biography

Business Leaders

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
HomeAll NewsMost read newsBusiness Leaders Biography
Portrait de Jack Ma
Birthday : 10/31/1964
Place of birth : Hangzhou (Province de Zhejiang) - China
Country of residence : China

Biography of Jack Ma 
Jack Ma is the CEO of Alibaba Group, the Chinese leader in e-commerce with counts five companies specialized in online shopping as Tabao.com, the second global site behind eBay and Yahoo China, the search engine and portal bought by Yahoo in 2005.

In his younger years, Jack Ma was a tour guide; his excellent command of English and his perfect knowledge of the province of Hangzhou where he comes from allow him to be really good in this job.

Graduated from Hangzhou Teachers' Institute in 1988, Jack Ma taught for some time before creating a translation agency that knows a big success thanks to U.S. and foreign companies who move in China.

During a trip he made in the USA as an interpreter, Jack Ma discovers computers and internet. Fascinated, he ordered to a friend a website for his translation agency.

Back in China, he borrowed $ 2,000 from friends and launched the website China pages, considered as the first commercial website in the country. The site has difficulties to find its business model and stops. Jack Ma got a job at the Ministry of Foreign Trade, a position which enabled him in 1998 to meet Jerry Yang, co-founder of Yahoo.

Jack Ma really wants to invest in the web.He managed to borrow $ 60,000 for the launch of Alibaba.com in 1999. Quickly, the company is a leader in the sector of business-to-business (B2B). The credibility won lets Jack Ma to raise $ 25 million dollars, allowed by the most demanding investors like Goldman Sachs, or the Japanese Internet entrepreneur Masayoshi Son.

In March 2002, Alibaba.com counts one million users and starts to generate profits.

In 2003, Jack Ma is launching on online auction with Taobao.com, which means "the search of treasure." It quickly emerged as a serious rival to eBay. Yahoo, which closely follows the evolution of Alibaba pays $ 1 billion in 2005 to enter in it capital at 40%. In return, the company Alibaba, valued at $ 4 billion takes control of Yahoo! China.

In 2008, Alibaba.com has 23 million visitors, 65% in China. It aggregates five companies: Taobao, the largest e-commerce website CtoC, Alisoft, which provides software for companies. Alipay, the first online payment service in China and of course Yahoo China, a search engine and portal Yahoo bought in October 2005.
Copyright © 4-traders.com

Citations
"From today onwards, in China Yahoo means a search engine and a search engine
means Yahoo."

"I think (in) search, we have a chance to win, When we took (over) Yahoo search, it was not good, and it is not good today either. We are here to make it better."


Most Read News 
02/25ELON MUSK : Tesla's Musk says U.S. factory closed for two days due to parts shortages
RE
02/20ELON MUSK : Bitcoin and ethereum prices 'seem high,' says Musk
RE
02/23MICHAEL KLEIN : Tesla rival Lucid Motors to go public in $24-billion mega SPAC deal
RE
02/27WARREN BUFFETT : Warren Buffett's Berkshire Hathaway Sees Profit Rise 23%--2nd Update
DJ
02/23MICHAEL KLEIN : Lucid Motors' SPAC skids as $56 billion valuation sparks bubble concerns
RE
03/02JACK MA : Jack Ma loses title as China's richest man after coming under Beijing's scrutiny
RE
02/27WARREN BUFFETT : Buffett upbeat on U.S. and Berkshire, buys back stock even as pandemic hits results
RE
03/06JACK DORSEY : Twitter's Dorsey auctions first ever tweet as digital memorabilia
RE
02/24CARL ICAHN : Under eye of Icahn, Bausch Health gives activist investor two board seats
RE
03/01MARK NELSON : Beyond Meat CFO Mark Nelson to retire
RE
More news
Latest news about Jack Ma 
- No news -
More news


Popular Business Leaders 
Bernard Arnault Jeff Bezos Amanda Blanc Vincent Bolloré Alexandre Bompard Martin Bouygues Warren Buffett Hubert Burda Francesco Gaetano Caltagirone Bertrand Camus Jack Dorsey Axel Dumas Charles Edelstenne Emmanuel Faber Guillaume Faury Henrik Fisker Antoine Frérot Bill Gates Philip Green Luigi Gubitosi Yves Guillemot Paul Hudson Carl Icahn Jan Jenisch Michael Klein Manfred Knof Hariolf Kottmann Arnaud Lagardère Sen Li Jean-bernard Lévy Jack Ma Lakshmi Mittal Elon Musk Jean-pierre Mustier Nicolas Namias David Nicol Xavier Niel Yves Perrier Alexandre Ricard Gilles Schnepp Feike Sijbesma Erich Sixt Arne Sorenson Osamu Suzuki Carlos Tavares Heinz Hermann Thiele François Villeroy De Galhau Pierre-andré De Chalendar Ranieri De Marchis Jan Du Plessis
A-Z Business Leaders