MSE ER) see LU) See STM 5He was also called crazy and rejected even by his father, who warned him regarding his distinctive and dangerous ideas, which may have resulted in imprisonmentiin the earlier generation, He is the executive cchaieman and founder of Alibabs Group, which is a family of successful online businesses. He is the very first mainland Chinese entrepreneur who appeared on the cover of Forbes. As of November of year 2014, he became the richest man in China and the 18" richest individual all over the world, with an estimated net worth of $24 billion USD, according to Forbes. He learned life more from his failures and rejections than by the traditional channels of education. [As a man of outstanding resolve, Jack Ma learned to fail forward and fail better. He failed a key primary test twice, failed the middle school test thrice, failed the college entrance examination twice, and has been rejected for most jobs that he applied for after he graduated from college. Jack Ma was the only applicant out of 35 to be rejected to the police force, and the only applicant out of 24 to be rejected as a KFC manager. He applied for Harvard more than ten times, but he got rejected ten times 2s well. He told himself that he should teach in this school someday. In the late 1990s after he started Alibaba, he tried getting venture capital funding in Silicon Valley for Alibaba but was rejected for running an unprofitable business model. Eventually, he went to Cl ’a without funding, Unlike many idolized college drop-outs which have become successful entrepreneurs, such as Steve Jobs, Bill Gates, and Mark Zuckerberg, he earned his MBA from the Cheung Kong University while he was already building Alibaba in 2000. Even though he is critical of the traditional teaching practices, most particularly at business schools, Jack Ma is fond of academics. He has been an English teacher in a university himself, and he is also talking about teaching again someday in the future. Just like many brilliant cutting-edge minds past and present, he struggled academically, more specifically across his ‘early years in the secondary and primary schools, in which he falled repeatedly. Nevertheless, he excelled in the things that he was passionate about, such as teaching English himself. All throughout these formative years, he thought that as long as he could keep his resolve and work on attaining his goals, he would have a chance to become successful. Jack Ma said that if you will never try, you will not know if there is really no chance. Jack Ma successful failed forward academically in Hangzhou Teacher's college and eventually in his business and career. ‘When an individual listens to Jack Ma's speech about his formative and early years objectively, one will be able to observe that Ma has learned most of the life lessons by means of questioning, experimenting, and observing the status quo. During Ma's adolescent years, he taught himself English and then polished it through becoming a tour guide to foreign tourists unofficially. With these tourists and pen pal relationships, he has cultivated several tourist clients along with his interaction with some relatives in Australia, and he learned a lot about the outside world. More specifically, he learned to question everything that he was told or thought before, which is a practice that he applies up to this day. His capability of questioning and reexamining issues is helping him to look at situations from varying angles, and to see opportunities in which most people will only see problems. For instance, when most people were scared to do e-commerce in China because of an untrustworthy and unreliable payment system, Jack Ma got Alibaba to build “Alipay” without a need for approval from the Chinese bankingauthorities at the risk of his personal freedom. These days, Alipay is facilitating more businesses all aver the world as compared to PayPal, as measured in USD. © Career He heard about the internet in 1994, and in early 1995, he went to the United States with the help of his friends that he introduced to internet. With his first encounter, he searched the word “beer.” Even though he found information with relation to beer from different countries, he was surprised that he did not find any from China. Moreover, he tried searching for general Information regarding China and then again he did not find any. This Is the time when he and his friend created an “ugly” website regarding China, In just S hours of making the site, he received emails from several Chinese, who wished to know about him, This is when he realized that the internet had something great to offer. In April of year 1995, Jack Ma, along with his wife and a friend, collected 20,000 dollars and began an online company. Their company is dedicated to making sites for companies, He named the company “China Yellow Pages.” After three years, his company had made more or less 5 million Chinese Yuan, which is the equivalent of $800,000 USD. Jack Ma then started to build sites for Chinese companies through the help of his friends in the United States. He shared that the day he got an internet connection, he invited friends and media over to his house, and with the very slow dial-up connection, they waited more or less 4 hours and got half a page. He was so proud that he had proven that the internet existed. At a conference in the year 2010, Jack Ma revealed that he never actually wrote a line of code or made one sale to a customer, and he got a computer for the first time when he was 33 years ol From the years 1998 to 1999, he headed an IT company, which was established by the China International E-Commerce Center. In year 1999, he quit and returned to Hangzhou with his team to found Alibaba. In his apartment with a group of seventeen friends, he began a new round of venture development with 500,000 Chinese Yuan. Alibaba has served 80 million members from more than 250 territories and countries. In October 1999 and January 2000, Alibaba won a total of 25 million dollars of international venture capital investment two times. The program was expected to get improvement for the domestic e-commerce market and perfected an e- commerce platform for the Chinese enterprises, most specifically the small and medium-sized enterprises, in order to address the challenges of WTO (World Trade Organization), Ma desired to improve the worldwide e-commerce system and in 2003, he founded Ali Mama, Alipay, Taobao Marketplace, and Lynx. After the fast increase of Taobao, eBay offered to buy the company. However, Jack Ma rejected their offer, but rather, garnered support from the co- founder of Yahoo, Jerry Yang, with a one billion dollar investment. In September of 2014, it was reported that Alibaba was raising more than 25 billion dollars in an IPO on the NY Stock Exchange, Alibaba has become one of the most important technology companies all over the world after raising 25 billion dollars, which is the biggest IPO in the United States’ financialhistory. Nowadays, Ma serve as an executive chairman of Alibaba, with 9 major subsidiaries including Alibaba.com, eTa0, Juhuasuan, AliExpress.com, Alipay, 1688.com, Tmall, and Taobao Marketplace, In the November of 2012, the online transaction volume of Alibaba exceeded one trillion Chinese Yuan. Thus, Jack Ma has been titled “Trillion Hou,” which literally means Trillion Yuan Marquis in Chinese. He has been usually invited to lecture at universities like the University of Pennsylvania, Harvard University, Wharton School of Finance, Peking University, and Massachusetts Institute of Technology, Jack Ma may be said to have graduated from both informal and formal education systems. If the informal education is thought to be the School of Hard-Knacks, Jack Ma earned a doctoral degree with honors along with his MBA attainment from Cheung Kong University. Furthermore, he is greatly influenced by martial art teachings, more particularly Thai-Chain, from which he claims is helping him to find balance that he is applying to both his business and personal life. Jack Ma's Life Lessons: Enabling You Towards Achieving Success Have you been wondering how some professionals achieved success in their career throughout their lives? You might see yourself as least among successful persons and feel discouraged about your financial state. Well, the Chinese billionaire, Mr. Jack Ma, has few pointers to share with you! Who is Jack Ma, by the way? He is a Chinese internet entrepreneur who was able to launch his first big endeavor in times that he faced adversity or criticism. He was known as the Financial Times’ “2013 Person of the Year.” He was even considered to be a symbol for Chinese entrepreneurial spirit. Although some of his insights can possibly constitute a new approach, which is more focused on the bottom line, it has still proven that his perspective is staggeringly successfull In relation to this, you might consider incor porating his approach in managing your financial and professional life. Here is what Jack Ma’s ladder toward success looks like: Look everywhere for better opportunities ~ He categorizes that people fail because of being intolerant to opportunity. Just look across the financial and professional landscape using your broad lens first and be able to consider all possibilities. After deing such, you can now bend down to dig under and identify potential opportunities. You need to treat every single opportunity as an open door ~ remember that no chance is too menial, too small, or even beneath you. As soon as something lies before you, don't hesitate to seize it! You need to grasp and embrace such opportunity with all your strength and don’t forget to work on such an opportunity with all your heart. You need to do everything on this task ‘Avoid treating anything as small, if you really aim for large results.a You have elther reached a page that is unavailable for viewing or reached your viewing lil far this booka You have elther reached a page that is unavailable for viewing or reached your viewing lil far this booka You have elther reached a page that is unavailable for viewing or reached your viewing lil far this booka You have elther reached a page that is unavailable for viewing or reached your viewing lil far this booka You have elther reached a page that is unavailable for viewing or reached your viewing lil far this booka You have elther reached a page that is unavailable for viewing or reached your viewing lil far this booka You have elther reached a page that is unavailable for viewing or reached your viewing lil far this booka You have elther reached a page that is unavailable for viewing or reached your viewing lil far this booka You have elther reached a page that is unavailable for viewing or reached your viewing lil far this booka You have elther reached a page that is unavailable for viewing or reached your viewing lil far this booka You have elther reached a page that is unavailable for viewing or reached your viewing lil far this booka You have elther reached a page that is unavailable for viewing or reached your viewing lil far this book