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Alibaba founder Jack Ma

Alibaba founder Jack Ma (Picture 1)


Ma Yun, born on September 10, 1964 in Hangzhou, Zhejiang Province, China, is a well-known entrepreneur and philanthropist. He is the main founder of Alibaba Group. He serves as Chairman of the Board of Directors of Alibaba Group, Director of Japan's SoftBank, Chairman of The Nature Conservancy China Council and member of the Global Board of Directors, Director of Huayi Brothers, and Director of the Life Science Breakthrough Award Foundation.

In 1984, Ma Yun ignored his family's strong opposition to taking the college entrance examination for the third time. This time he scored 89 points in the mathematics test, but he was still 5 points short of the undergraduate course. As the enrollment indicators for English majors were not met, some students with excellent English were given the opportunity to upgrade, and Jack Ma was admitted by Hangzhou Normal University. After entering the university, Ma Yun became a good student with excellent academic performance. Later, Jack Ma was elected as the chairman of the Student Union, and later served as the chairman of the Hangzhou Student Federation for two terms.

In 1988, Jack Ma graduated from the Department of Foreign Languages ​​of Hangzhou Normal University with a Bachelor of Arts degree. He was then assigned to Hangzhou Institute of Electronics Industry as a lecturer in English and International Trade. Later Jack Ma became an outstanding young teacher in Hangzhou. He initiated the first English corner by the West Lake. In 1992, because many people asked Jack Ma to do translations, Jack Ma established Haibo Translation Agency and used retired teachers to do translations. In order to survive, Ma Yun carried a large sacks to Yiwu and Guangzhou to buy goods. Haibo Translation Agency began selling flowers, selling gifts, and selling medicine for a year.

In 1994, Bill Ma, a foreign teacher from Seattle, chatted with Jack Ma on the Internet, and Jack Ma began to look for opportunities to decide to start a business. In March 1995, Jack Ma resigned from Hangzhou Institute of Electronic Technology and pooled 20,000 yuan to prepare for his own business. In April 1995, Hangzhou Haibo Computer Service Co., Ltd., China's first Internet business company, was established. The three employees are Jack Ma, his wife Zhang Ying, and He Yibing. In May 1995, China Pages was officially launched. In March 1996, because Hangzhou Telecom also made a China Yellow Pages, Jack Ma decided to merge with Hangzhou Telecom.

In March 1999, Jack Ma formally resigned from public office and led the team back to Hangzhou. He collected enough RMB 500,000 to start a new round of entrepreneurship and develop the Alibaba website. On April 15, 1999, the Alibaba website was officially launched. In October 1999 and January 2000, Alibaba raised a total of US$25 million from international investment institutions such as SoftBank. On May 10, 2003, Jack Ma founded Taobao and began to snatch eBay's C2C market. In December 2004, Jack Ma founded Alipay, a third-party online payment platform. On September 19, 2014, Alibaba Group was officially listed on the New York Stock Exchange. On November 4, 2015, Jack Ma was ranked 22nd on the Forbes list of the most powerful people in the world. On July 17, 2017, the "Forbes Rich List" was released, and Jack Ma ranked 18th with a net worth of US$35.4 billion, becoming the richest Chinese.

On September 8, 2015, Hurun's 2015 Chinese Charity Report was released. Jack Ma established a charitable trust fund by donating Alibaba equity. The first high-profile donation became the largest single personal donation in China. At that time, the market value of this part of the equity was about 14.5 billion. Yuan Renminbi, the fund is mainly used in the fields of environment, medical care, education and culture. Ma Yun's wife, Zhang Ying, is also enthusiastic about charity. Two years ago, she joined the American Life Science Breakthrough Award Foundation with Ma Yun and promised to donate 18 million yuan to her every year.

On September 21, 2016, UN Secretary-General Ban Ki-moon personally issued a letter of appointment, announcing that Jack Ma had been invited to serve as the Special Advisor for Youth Entrepreneurship and Small Business of the United Nations Conference on Trade and Development. This means that Jack Ma has become an official UN official and global citizen. At the same time, in order to facilitate Jack Ma's globalization of SMEs around the world, the United Nations specially issued the United Nations Red Pass for Jack Ma. The United Nations passes are divided into red and blue. Red passes are only issued to high-level officials, while blue passes are used by others. The appointment letter issued by Ban Ki-moon shows that Jack Ma’s annual salary as a special adviser is only one dollar, and there is no additional allowance for this position.

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