Eco - fady labib : "Jack Ma" is the owner of the most famous e-commerce site on the Web, "Alibaba". Jack Ma is often named among the world's richest people on the Forbes list. "This personality has become very inspirational both for aspiring entrepreneurs and for those ...with a vision to create and succeed in online business services, especially for new entrepreneurs.
The owner of the site "Ali Baba" to many of the failures and obstacles since his youth, he grew up in one of the poor communities in China .
Which followed the Communist economic system, specifically in the city of Hangzhou in October 1964, after President Richard Nixon's visit to the town in 1972, which later became a first-class tourist town, The translation of his work, thanks to his proximity to the small number of tourist activity there, to his journey with the world of "computer and the Internet" to reach the richest person in China, the 34 among the richest
Jack Ma in his childhood
The richest of the world with a fortune of $ 22.2 billion .. Despite his failure in the first project, but after four years he gathered 17 friends in his apartment and persuaded them to invest in the next project, which called "Ali Baba," which represents an online market to be published lists of products Which the customers can buy directly .. All agreed to the project and collected 60 thousand dollars to launch the site "Ali Baba," and says, "Jack," he chose this name because it is easy and universal name All races heard the story of Ali Baba and the 40 thieves "and" Which opens the doors to the hidden treasures wants to be a reference to his site At the time, the company's shares were floated on the Wall Street stock exchange, which was considered the largest IPO ever. The Chinese share price, which was raised at $ 68, hit a huge rally above the $ 99 mark, The company reaches $ 230 billion and becomes one of the major companies
The New York-based businessman says we have found ourselves in the "Alibaba", the world's largest business conglomerate, In 2002, we had enough cash for only 18 months. We found that a large number of people were using the site free of charge. We did not know how we could get money. So we developed a product for Chinese exporters to find their markets in America and elsewhere in the world Internet, and in October .
In 2003, the founder of "Ali Baba" launched the commercial website "Taobao" to compete the famous site in the world of electronic payment "ebay", where he estimated Taobao "of the online market market online by about 70% in China.
"Jack Ma" is seen as an industrial leader who controls more than 80 percent of China's important e-commerce market, where Ma has previously ranked first on the list of the richest in the world, according to the BBC. China, according to the ranking of the magazine "Huron", based in China, which estimated his wealth by more than 25 billion dollars .. It is known that in 2005, Yahoo invested nearly $ 1 billion on the site, "Alibaba", compared to 40% of the company's share , Which was a huge amount then, China's "Singles Day" on November 11 is the largest day of online retail sales in the world where operations are active To market through e-commerce sites, so that in one year sales of "Alibaba" in the first ten hours $ 8 billion, in another year the company's sales about $ 5.8 billion, and shipped more than 150 million packages, China Day "Cyber Monday" in the United States.
But Jack Ma stepped down as CEO of the Alibaba Group in early 2013 to focus more on environmental and education issues in China. Although he is still one of its biggest shareholders, he has decided to pay special attention to combating pollution in China. "In the next 20 years we will face many health problems related to water and air safety, so I will spend a lot of my time and money to address these issues here," wrote Jack Ma in Harvard Business Review in November 2013, Twenty years ago, the Chinese were concentrating on filling their basic needs Yes, but today living conditions have improved dramatically and people have more dreams to build the future, but these dreams will be hollow if we can not see the sun. Jack Ma said on more than one occasion: And that the investors had fled their money when the site of "Alibaba" crisis, while customers and employees showed full loyalty to the idea, more than once that he places the opinion of customers in the first place after the opinion of employees and in third place comes the opinion of investors, it is very clear at this point The only one that will save investors money M is a permanent service offering to customers so customers come first, while employees in the second place where they are more than the market and customers are more than know what pleases them and makes the site more profitable The company that does not have employees satisfied with them can not have "Jack Ma" has become a world of inspiration for many young people in China and around the world.