Jack Ma
Director, Alibaba GroupBirth DetailsSeptember 10, 1964 | Hangzhou, Zhejiang province, China
NationalityChinese
LeagueEntrepreneur
EducationHangzhou Teachers College
Net Worth$46.3 billion (as of July 15, 2020)
Jack Ma's Assets:
Jack Ma's Journey so far ...
Before you go ...
- Alibaba Group
- Ant Financial
Jack Ma's Journey so far ...
- Fascinated by the English language, Jack Ma (or Ma Yun) learned it by himself at the age of 12. He worked as a tour guide for English-speaking visitors and eventually went on to work as an English teacher
- This fascination helped him with his first business. In 1994, he started a company which provided English translation and interpretation services
- Ma realised the potential of the Internet after being introduced to the technology during a visit to the United States
- In 1995, he found an internet-based company called China Pages. It was one of the first internet ventures in China and helped small businesses create their own websites
- He left the business couple of years later and worked for the government for a brief period
- The Internet was booming in the country and in 1999, Ma co-founded Alibaba -- a business-to-business (B2B) marketplace -- with a seed capital of $60,000 raised from 18 co-founders
- Alibaba.com quickly gained traction and had over 1 million users by 2002. Its 2007 Hong Kong IPO raised $1.7 billion dollars (the company delisted itself from the market around 5 years later)
- Alibaba’s success prompted Ma to further explore the market and in 2003, he created Taobao -- an online marketplace where consumers could connect with other consumers -- and later the online payments platform Alipay in 2004
- Ma stepped down as Alibaba’s CEO in May 2013
- In September 2014, Alibaba’s IPO in the New York Stock Exchange became the largest-ever public offering in the world at the time raising around $25 billion
- He retired as the executive chairman of Alibaba in September 2019 at the age of 55
- Currently, he owns 4.2% of Alibaba and has created several companies which help businesses and consumers all around the world
Before you go ...
- He used to earn $15 per month in his first job
- Jack Ma has faced several rejections in his early life including more than a dozen while trying to find a job. Legend has it that his Harvard Business School application was snubbed 10 times!
Last Updated: 12/02/2021
Jack Ma News
- Meet Zhong Shanshan, a reclusive entrepreneur who became Asia's richest person with $85 bn worthHe became the first Chinese entrepreneur to enter Hurun's top-10 global rich list this year.
- ETtech Evening Briefing on Mar. 2, 2021: The rise of the Indian influencer-investorContent creators such as Tanmay Bhat and Ranveer Allahabadia are channeling their influencer monies into startups. Nasscom recommends flexible hours for gig workers. Jack Ma’s Ant Group shelves share buyback.
- Jack Ma loses title as China's richest man after coming under Beijing's scrutinyJack Ma and his family had held the top spot for China's richest in the Hurun Global Rich List in 2020 and 2019 but now trail in fourth place behind bottled water maker Nongfu Spring's Zhong Shanshan, Tencent Holding's Pony Ma and e-commerce upstart Pinduoduo's Collin Huang, the latest list showed.
- Ant's employees expected a windfall. They got unsellable sharesIt has shelved a share buyback program for current and departing staff, in part because of uncertainty over how to value the company.
- Jack Ma spotted playing golf after weeks out of public viewJack Ma, the co-founder of Ant Group and Alibaba Group Holding, teed off in recent weeks at the Sun Valley Golf Resort, a secluded 27-hole course on the Chinese island of Hainan.
- Investors flock to $5 bn Alibaba bond deal, shrug off regulatory woesPricing for the deal was set on Friday tighter than initially flagged by the company on Thursday, indicating robust demand to buy the rare debt float. The latest international bond offering is Alibaba's third, according to data from Refinitiv.
- China stocks fall on fresh liquidity concerns, Hong Kong dragged by tech sharesAt the midday break, the Shanghai Composite index was down 1.02 per cent at 3,481.45 points, while China's blue-chip CSI300 index was down 0.81 per cent.
- Ant Group reaches deal with China regulators on restructuringAn agreement on the restructuring of Ant, an affiliate of e-commerce giant Alibaba Group, would ease investor concerns about a regulatory crackdown on billionaire Ma's business empire.
- Alibaba beats quarterly revenue estimates on online boomThe results come as China clamps down on founder Jack Ma's sprawling business empire, having forced the suspension of a blockbuster $37 billion IPO for Alibaba's financial affiliate Ant Group.
- Chinese state newspaper omits Jack Ma from list of entrepreneurial leadersChina's best known businessman was not mentioned in an front-page article published by the Shanghai Securities News. Instead Huawei Technologies' Ren Zhengfei, Xiaomi Corp's Lei Jun and BYD's Wang Chuanfu were lauded for their contributions.
- China's Ant Group said to plan revamp amid regulatory pressureChina's Ant Group is planning to refashion itself as a financial holding company under the supervision of People's Bank of China, the Wall Street Journal has reported.
- Ant Group will see 'results' if legal process after IPO halt followed: central bank governorBeijing has signalled that it wants to strengthen its oversight, particularly of technology firms looking to expand into the financial space, a reversal of its once laissez-faire approach.
- View: China’s billionaires are not as rich as they lookLooking at Chinese billionaires’ paper wealth can be misleading, because the bulk of their riches comes from their stock holdings.
- Jack Ma’s video chat prompts a $58 billion sigh of relief“Alibaba is not out of the doghouse, but at least it’s clear that the current anti-monopoly drive is not about punishing Jack Ma,” said Zhang Fushen, senior analyst at Shanghai PD Fortune Asset Management.
- ETtech Bytes On 20 Jan. 2021: Top 5 Tech News Today, In 10 MinutesFrom Indigo Paints IPO bringing gains for Sequoia Capital and technical glitches for Zerodha, to Jack Ma appearing in the public for the first time since October, here’s a look at the Top 5 tech news today.
- Alibaba's Jack Ma makes first public appearance since October in online conference: State mediaAlibaba Group founder Jack Ma met with 100 rural teachers in China via a video meeting on Wednesday, local government media reported.
- Will Jack Ma's disappearance break Vijay Shekhar Sharma's back?With other strategic backers like Softbank fussing over profitability after Vision Fund’s missteps it’s time for Sharma to figure out what Paytm – India’s most valuable fintech company commanding billion $16 billion valuation and counting – wants to be entering its adolescent years.
- Time and momentum on China's side as world faces unprecedented turbulence, says XiXi, 67, who has become China's most powerful leader after Mao Zedong since he came to power in 2012 was addressing the leading cadre of the Communist Party of China (CPC) on Monday.
- Xi's push against Jack Ma sparks new threat for China techUS authorities are now debating whether to ban investments in Alibaba and Tencent.
- Why Jack Ma can never go back to being Jack Ma againThe narrow view about Chinese magnate Jack Ma’s disappearance is that it concerns Ma and the $600 bn Alibaba empire he manages. The broader view is a lot different.
- Alibaba plans $5 billion bond this month amid regulatory scrutiny: ReportDepending on investor response, proceeds could reach $8 billion which the e-commerce leader is likely to use for general corporate expenditure, one of the people said.
- Alibaba plans to raise at least $5 billon via dollar bond this month -sourcesDepending on investor response, proceeds could reach $8 billion which Alibaba is likely to use for general corporate expenditure, one of the people said.
- Jack Ma's disappearance - an Alibaba mysteryMao over Ma is like an ‘Agatha Christie’ with Chinese characteristics.
- Trump signs order banning transactions with 8 Chinese apps including AlipayThe move, first reported by Reuters, is aimed at curbing the threat to Americans posed by Chinese software applications, which have large user bases and access to sensitive data, a senior administration official told Reuters.
- Where is Jack Ma? Business tycoon MIA since October, name removed from his own show websiteThe 56-yr-old didn't show up for the finale of ‘Africa’s Business Heroes’.
DisclaimerThe content of this page has been aggregated from multiple websites. Some information can change over the passage of time.
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