“Share of E-commerce in china is likely to be the defining

measure of success on the Net”

Meg WhitmanFormer CEO eBay

“EBay is the shark in the oceanWe are crocodile in the Yangtze River”

“If we fight in the ocean we will lose But if we fight in the River we will win”

Jack MaCEO Alibaba Group

A former English Teacher in 1999 With his 17 Friends Started Alibaba from his Apartment

Ma Yun was known as Jack MAJack Ma was born on September 10 in Hangzhou , Zhejiang Provision, CHINA

Ma parents were traditional Musician-Story teller

When China opened the doors for Foreigners

Jack guide them around the city for free to practice and improve his English

He Became Pen pals with one of the Foreigners and She was the one who gave him name JACK because original name was difficult to Pronounce

Jack Failed university 3 times he attended Hangzhou university and graduated in 1988 with a bachelor degree of English

After 9 years of learning and teaching English JACK opened a translation Company and got opportunity to go USA as a translator

In 1994 Ma heard about internet in USAHe searched about the word BEER but he couldn't found any result from CHINA

Ma and his friend created a very ugly looking Website related to china

Ma and his friend collected $20,000 in 1995 and they started a internet company known as CHINA YELLOW PAGES

With in Three years company had ¥5,000,000 which was equivalent to $800,000

In 1999 Jack Ma back up with is 17 friends founded ALIBABA.COM which is a online Marketplace

In October 1999 and 2000 ALIBABA won twice total of a $25 million international capital investment

Alibaba become one of the most valuable tech companies in the world after raising $25 billion from the IPO

Jack ma Executive chairman of ALIBABA GROUP holding 9 Subsidiary companies

JACK MA