Jack Ma is a true rags-to-riches story. He grew up poor in communist China, failed his university-entrance exam twice, and was rejected from dozens of jobs, including one at KFC, before finding success with his third internet company, Alibaba.
Jack Ma (Ma Yun) was born on October 15, 1964, in Hangzhou, located in the southeastern part of China. He has an older brother and a younger sister. His family was very poor when he was born.
So, this is the story of the life of a man who has impacted the entire economy and internet industry of China almost single-handedly.
Ma was thin and bony and always got into fight with classmates, he said that he was never afraid of opponents who were bigger than him.
Jack always wanted to learn English as a kid and he spent his early mornings riding on his bike to a nearby park, giving English tours to foreigners for free. It was then he met a foreign girl who gave him the nickname ‘Jack’ for his name was hard to spell for her.
Jack, after graduating with a Bachelor’s degree in English, worked as an English teacher at Hangzhou Dianzi University with a pay of $12 a month! Now here comes
the part where it gets more interesting, even before he has received that degree and became an English teacher.
In his early childhood, Jack Ma Failed in his Primary School examinations, not once, but Twice! He Failed Thrice during his Middle School exams. When applying to universities after his High school, Jack failed the entrance exams thrice, before finally joining Hangzhou Normal University. He even applied and wrote to Harvard University ten times about being admitted – and got rejected each time. This was only during his education!
Jack used internet for first time during a trip to US in 1995, that time he had no experience of computers and coding.Ma's first online search was "beer," but he was surprised to find that no Chinese beers turned up in the results, that's why he decided to found an internet company for China.
Finally, after persuading 17 of his other friends to invest and join him in his new e-commerce startup – Alibaba, the company began from his apartment. Initially, Alibaba didn’t had a single penny in investment from outside investors, but they later raised $20 Millio from SoftBank and another $5 Million from Goldman Sachs in 1999. Building trust among the people of China that an online system of payment and package transfers is safe was the biggest challenge Jack Ma and Alibaba faced, a challenge that Jack will remember for his lifetime.
Having started his first successful company at the age of 31 and even after never having written a single line of code or selling something to anyone, Jack Ma runs one of the biggest E-commerce networks in the world. The company went on to grow rapidly, expanding all across the world, quickly growing out of its China shell. Only second to Walmart now in terms of sales per year, Alibaba has become the E-commerce giant that Jack Ma has envisioned for it.
Thank you for reading hope you liked a true rags to riches story of Jack ma (Ma Yun).
Don't forget to share with your friends.
Also read 10 signs you will be a billionaire.
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| Jack ma story of becoming rags to riches |
Jack Ma (Ma Yun) was born on October 15, 1964, in Hangzhou, located in the southeastern part of China. He has an older brother and a younger sister. His family was very poor when he was born.
So, this is the story of the life of a man who has impacted the entire economy and internet industry of China almost single-handedly.
Ma was thin and bony and always got into fight with classmates, he said that he was never afraid of opponents who were bigger than him.
Jack always wanted to learn English as a kid and he spent his early mornings riding on his bike to a nearby park, giving English tours to foreigners for free. It was then he met a foreign girl who gave him the nickname ‘Jack’ for his name was hard to spell for her.
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| Jack ma Success Story |
Jack, after graduating with a Bachelor’s degree in English, worked as an English teacher at Hangzhou Dianzi University with a pay of $12 a month! Now here comes
the part where it gets more interesting, even before he has received that degree and became an English teacher.
In his early childhood, Jack Ma Failed in his Primary School examinations, not once, but Twice! He Failed Thrice during his Middle School exams. When applying to universities after his High school, Jack failed the entrance exams thrice, before finally joining Hangzhou Normal University. He even applied and wrote to Harvard University ten times about being admitted – and got rejected each time. This was only during his education!
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| jack ma feeling sad |
Jack used internet for first time during a trip to US in 1995, that time he had no experience of computers and coding.Ma's first online search was "beer," but he was surprised to find that no Chinese beers turned up in the results, that's why he decided to found an internet company for China.
Finally, after persuading 17 of his other friends to invest and join him in his new e-commerce startup – Alibaba, the company began from his apartment. Initially, Alibaba didn’t had a single penny in investment from outside investors, but they later raised $20 Millio from SoftBank and another $5 Million from Goldman Sachs in 1999. Building trust among the people of China that an online system of payment and package transfers is safe was the biggest challenge Jack Ma and Alibaba faced, a challenge that Jack will remember for his lifetime.
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| jack ma speech |
Having started his first successful company at the age of 31 and even after never having written a single line of code or selling something to anyone, Jack Ma runs one of the biggest E-commerce networks in the world. The company went on to grow rapidly, expanding all across the world, quickly growing out of its China shell. Only second to Walmart now in terms of sales per year, Alibaba has become the E-commerce giant that Jack Ma has envisioned for it.
''Go big or go home'' - Jack ma
Thank you for reading hope you liked a true rags to riches story of Jack ma (Ma Yun).
Don't forget to share with your friends.
Also read 10 signs you will be a billionaire.
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