Jack Ma – Inspirational to many young dynamic and ambitious.

Jack Ma born on 10-Sep-1964, his real name is Ma Yun and known professionally Jack Ma.
Jack Ma is Inspirational to many young dynamic and ambitious. and Self-Made Billionaire and CEO of Alibaba.

He is a Chinese business magnate, investor, and philanthropist. He is the co-founder and executive chairman of Alibaba Group, a multinational technology conglomerate. As of March 2018,

He is one of China’s richest men with a net worth of US$42.4 billion, as well as one of the wealthiest people in the world.
Jack Ma is seen as a global ambassador for Chinese business and as such is frequently listed as one of the world’s most powerful people by Forbes.
In 2017, he was ranked 2nd in the annual “World’s 50 Greatest Leaders” list by Fortune.
This little boy grew up to be none other than Jack Ma, Founder of Alibaba. In March 2016, this leading Chinese e-commerce company boasted of a net income of US$42.4 billion.
While Jack Ma’s incredible story of earning $12 a month to becoming a multi-billionaire is a definitive rags to riches tale, he attributes his sparkling success to relentless effort over a turn of luck.
“Never give up. Today is hard, tomorrow will be worse, but the day after tomorrow will be sunshine,” he has often said. 
Today, the almost stubborn persistence of a young man who refused to bend down to fate has finally paid off.
To nobody’s real surprise, Jack Ma was recently announced the richest person in the whole of China, and one of the top billionaires of Asia as well. 
For Jack Ma, this success today has come at the price of his youth in a way, where he stepped one foot into quicksand more times than he can count today.
However, this also taught him to keep one foot on the ground and pull his way back onto safe land and watch his step in the future. 
Like many legends before him, Jack Ma refused to be told no. And like his fictional idol, Forest Gump, he ran like hell towards his own finish line no matter the challenges thrown at him. From a very young age, Jack Ma realised his failures and weaknesses, and learned to keep working on them until one day, they became his prize-points.
Coming of age “I flunked my exam for university two times before I was accepted by what was considered my city’s worst university, Hangzhou Teachers University. I was studying to be a high school English teacher.
In my university, I was elected student chairman and later became chairman of the city’s Students Federation.”  Coming last in class can have a serious impact on any child’s self-esteem, making them feel completely worthless.
Despite running a leading tech company, Jack Ma was, and still is, terrible at math. He failed in multiple subjects in school and even failed the university exam twice before being accepted into an obscure college.
Fortunately for him, he possessed an insight that reassured him that topping a class doesn’t equate to being intelligent or driven. Names like Albert Einstein, Abraham Lincoln, and Rabindranath Tagore reaffirmed his belief that intellectual prowess is not limited to the four walls of a classroom.
He never stopped believing that his excellence lay elsewhere. Later, Jack Ma even applied to Harvard University 10 different times and faced rejection all 10 times.
This goes to show that more than securing a seat, his goal was to keep taking up a seemingly impossible challenge and try to work it out in different ways. 
Pre-Alibaba “I got my story, my dream, from America. The hero I had is Forrest Gump…I like that guy. I’ve been watching that movie about 10 times. Every time I get frustrated, I watch the movie. I watched the movie before I came here again to New York.
I watched the movie again telling me that no matter whatever changed, you are you.”  Like any other student post-graduation, Jack Ma was faced with the challenge of out-competing his batch mates and fresher’s across the country to secure a good job with a sufficient salary.
A degree in English from a less than reputable college certainly didn’t work in his favour, and although he applied to 30 different jobs for safe-keeping, he was rejected from all. In an interview with Bloomberg, he even confessed that out of 24 candidates, he was the only one who was turned away from a position at KFC.
On applying for a post in the police, he was told that he was “no good”.  That is more number of rejections than anyone should have to count at one given go, and if it were you and me, it would have possibly led to a breakdown of some kind.
But for Jack Ma, the challenge had become a part and parcel of life.
He managed to procure a small gig as a teacher in English and International Trade from the university he graduated from.
While his pockets were practically empty, his heart was full of hope for the next step in his career. Even though at that point, he didn’t have a semblance of a clue to what it would be.
Post-AlibabaIn the beginning I just wanted to survive. For the first three years, we made zero revenue. I remember many times when I was trying to pay up, the restaurant owner would say, ‘Your bill was paid.’ And there would be a note saying, ‘Mr. Ma, I’m your customer on the Alibaba platform. I made a lot of money, and I know you don’t, so I paid the bill.’”
When Jack Ma set up Alibaba in 1999, it wasn’t an immediate success.
The Chinese economy had not yet developed to support the e-commerce industry, which was believed to be a threat to traditional shop businesses.
At every step of the way, Jack Ma had to fight off resistance – from shopkeepers convinced that he was trying to put them out of business to government authorities who were suspicious of the privacy-factor that this online business model would affect.
Coupled with this was the fact that Jack Ma’s vision for the company entailed limited promotions for his existing partners, who were told that they could not rise beyond the ranks of managers.
He did this so that a group of new hires would be attracted enough to occupy the open high managerial positions.
This proved to be a fatal miscalculation on Ma’s part, since it led to the segmentation of the company into many unproductive layers and led some of his best people to walk out and take their resources with them.
However, he went on to rectify this mistake and concentrate on making his existing team a stronger, more unified unit. In the meanwhile, his efforts began to be recognised overseas. Soon enough, the company received its first round of funding from foreign investors – a step in the direction of making it the unchallenged force it is in the e-commerce world today.
As Jack Ma often puts it, “Never give up & the most important thing you should have is patience.” without patience, you can never reach even a fraction of your true potential- which someday, could even change the world.
Jack Ma – Quotes.
Never give up. Today is hard, tomorrow will be worse, but the day after tomorrow will be sunshine.
I like to play cards. I’m not very good, because I don’t want to calculate, I just play by instinct. But I’ve learned a lot of business philosophy by playing poker.
I want to stress the importance of being fair to our readers. You should not impose your own view and prejudice on the readers and try to lead them to a conclusion. As a reader, I understand what a fair report is.
The more I come to know about the outside world’s perception of China, the more I feel there are all sorts of misunderstandings, and to a certain extent, people do not get the full picture from the media. A lot of foreigners have few opportunities to visit China, and a lot of Chinese people do not have the chance to go to Europe or to the West.
I think young generation is always better than last generation. No matter you like it or don’t like it. My father said, ‘Jack, I’m so good, you’ll never be’ – but I’m better than him. My father is better than my grandfather. My children will be better than us.
Every time there’s an election, people start to criticize China.
I call Alibaba ‘1,001 mistakes.’ We expanded too fast, and then in the dot-com bubble, we had to have layoffs. By 2002, we had only enough cash to survive for 18 months. We had a lot of free members using our site, and we didn’t know how we’d make money. So we developed a product for China exporters to meet U.S. buyers online. This model saved us.
I tell the government, if people have no jobs, you are in trouble. Government will be in trouble. My job is to help more people have jobs.
Jack Ma timeline:

·        After that, Ma attended Hangzhou Teacher’s Institute (currently known as Hangzhou Normal University) and graduated in 1988 with a B.A. in English.
·        Ma wanted to improve the global e-commerce system and from 2003 he founded Taobao Marketplace, Alipay, Ali Mama and Lynx.
·        Forbes China also selected him as one of the Top 10 Most Respected Entrepreneurs in China by in 2009.
·        In May 2009, Time magazine selected Ma as one of the world’s 100 most powerful people.
·        In 2013, he became chairman of the board for The Nature Conservancy’s China Program; this was one day after he stepped down from Alibaba as company CEO.
·        In 2017, he was ranked 2nd in the annual “World’s 50 Greatest Leaders” list by Fortune. 

Awards and honours.
·        In 2004, Jack Ma was honoured as one of the “Top 10 Economic Personas of the Year” by China Central Television [CCTV].
·        In Sep 2005, the World Economic Forum selected Ma as a “Young Global Leader”.
·        Fortune Magazine also selected him as one of the “25 Most Powerful Businessperson in Asia” in 2005.
·        BusinessWeek also selected him as a “Businessperson of the Year” in 2007.
·        In 2008, Barron’sfeatured him as one of the 30 “World’s Best CEOs
·        In May 2009, Time magazinelisted Ma as one of the world’s 100 most powerful people. In reporting Ma’s accomplishments, Adi Ignatius, former Time senior editor and editor-in-chief of the Harvard Business Review, noted that “the Chinese Internet entrepreneur is soft-spoken and elf-like — and he speaks really good English” and remarked that “Taobao.com, Mr. Ma’s consumer-auction website, conquered eBay in China.” He was also included in this list in 2014.
·        BusinessWeek chose him as one of China’s Most Powerful People.
·        Forbes China also selected him as one of the Top 10 Most Respected Entrepreneurs in China by in 2009. Ma received the 2009 CCTV Economic Person of the Year: Business Leaders of the Decade Award.
·        In 2010, Ma was selected by Forbes Asia as one of Asia’s Heroes of Philanthropy for his contribution to disaster relief and poverty.
·        In 2011 it was announced that one of his companies had gained control of Alipay, formerly a subsidiary of Alibaba Group, so as to “comply with Chinese law governing payment companies in order to secure a license to continue operating Alipay.
·        Numerous analysts reported that Ma sold Alipay to himself below market value without notifying the board of Alibaba Group or the other major owners Yahoo and SoftBank, while Ma stated that Alibaba Group’s board of directors were aware of the transaction. The ownership dispute was resolved by Alibaba Group, Yahoo! and Softbank in July 2011.
·        Ma was awarded an honorary doctoral degree by the Hong Kong University of Science and Technology in November 2013.
·        Ma is a board member of Japan’s SoftBankand China’s Huayi Brothers Media Corporation. He became a trustee of The Nature Conservancy’s China program in 2009 and joined its global board of directors in April 2010.
·        In 2013, he became chairman of the board for The Nature Conservancy’s China Program; this was one day after he stepped down from Alibaba as company CEO.
·        In 2014, he was ranked as the 30th most powerful person in the world in an annual ranking published by Forbes.
·        In 2015, Asian Award honoured him with the Entrepreneur of the Year award.
·        In 2017, Fortune ranked Ma second on its World’s 50 Greatest Leaders list.
·        In 2017, a KPMG survey ranked Ma third in global tech innovation visionary survey.
·        In October 2017, Ma was given an honorary degree of Doctor of Science in Technopreneurship from De La Salle University Manila, Philippines.
·        In May 2018, Ma was given an honorary degree of Doctor of Social Sciences honoris causa in recognition of his contributions to technology, society and the world

Reference : Wiki

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