The Inspiring Memoir of Jack Ma – The Founder Of Alibaba

Alibaba Founder and Chairman Jack Ma is the most richest person in China. His life story is really inspiring and it teaches us many worthwhile things that we should latch on to.

Ma has proved that nothing is impossible. This is the story of the exceptionally optimistic entrepreneur who has changed the facet of business and Internet in China and across the world.

I would like to share his famous quote.

“Never give up. Today is hard, tomorrow will be worse, but the day after tomorrow will be sunshine” – Jack Ma

Ma grew up in a poor family in China. Failed twice in his college entrance exam. He was rejected many jobs including KFC.

But one thing that was exceptionally amazing was he was unruffled no matter how many defeats he would have faced in his life. He has always been curious to learn new things. As a teenager, Ma wanted to learn English so he used to offer visiting tours of the city to the tourist in exchange for English lessons.

Ma did not had any knowledge or experience with computers or coding but he was always enchanted by the internet. Ma’s first online search was “beer” and he was surprised to know that there was no such information for Chinese beers. At this point, he decided to build an internet company for China. His first two ventures failed and after four years he visioned about building Alibaba. Ma setup Alibaba in 1999 as B2B market place site. The site facilitated Chinese exporters to link with overseas buyers.The site facilitated Chinese exporters to link with overseas buyers. SoftBank and Goldman Sachs invested $20 and $5 million respectively.

Once this was done, Ma wanted to build a platform for consumer-to-consumer. In 2003, Taobao was formed. His plan of action to keep it free affected the profits and he faced many criticisms, but he was calm and unaffected. Taobao gained majority of market share in two years. It was impeccable to have a courage to take on an established giant like eBay.

Alibaba group is diversified into nine major subsidiaries.

Jack Ma is truly an inspiration to an entire generation.

So what do you think about the life story of Jack Ma and his Entrepreneur journey? Shout out your thoughts and comments about this business tycoon below.