Today we are going to talk about Jack who after failing 30 times in job interviews, today he became the richest man in China and in Jack in 2017 he was among the richest TOP 15 in the world and how did he become the 21st man in the list of most powerful people in Forbes. Today we are going to talk about Jack who is the founder of e commerce company Alibaba and with whom 100 MILLION USERS interact daily every day and he says that China 70% of the packaging is either done by Alibaba or by our affiliate shopping mall
INTRODUCTION
Jack was born on 10th September 1964 in Hangzhou city of China and the truth is that in 1972 the USA’s PRESIDENT RICHARD NIXON visited Hangzhou and that place became a famous tourist place and people started getting new employment opportunities as well. The benefit of using it was that an idea came to Jack’s mind that why don’t we make tourists visit our city because he was born in our city and he knew the whole city’s mistakes and made a lot of money by using this knowledge Getting inspired from this, he used to go out of his house every morning on a cycle and go to the hotel. He used to approach the tourists saying that we will roam around the whole city and the tourists would go there. He also used to learn English from them. For this he became such a close friend of the foreigners and one of them said that it is very difficult to pronounce your name, you should change your name and keep a jack So that it would be easier for people to call your name, his name was changed to Jack Ma After failing in college entrance examination 4 times, he passed the exam without taking much time. How did he become the biggest man in China? And after his application was rejected 10 times in Harvard College, he became the youth icon in his college and his chapter IS GIVEN .
DARK HISTORY OF ALIBABA COMPANY
Jack never fell in love with coding nor did he have any interest and he did not know anything about computers and in 1995 he went to USA for some Chinese company and he came to know about internet and the power of coding and he thought that these people have the next feature and by using this case he earned money and by using this case he solved the problem of lazy people we learned by using this case and for the first time he did search on internet and he did not get any result but he did it from that I got an idea that why didn’t I make an INTERNATE COMPANY for China and one day I share that restaurant with them. The name of the US was Ali Baba & First Three. So I got an idea from them for my INTERNET that why didn’t I keep the name of my Internet as ALIBABA. It was an online company which was the medium between buyer and seller. The seller would list his products on ALIBABA and the buyer would buy his favorite product. In the beginning when Silicon Valley went to Jack for funding, then who would give funding. He was not ready because ALIBABA was not that popular and he started preparing to make his website a waste of money. Because of that he started becoming very famous and the whole world’s view was on ALIBABA.
STARTING WHICH COMPANY WAS FUNDING THE ALIBABA COMPANY
| YEAR | FUNDING COMPANY NAME | AMOUNT |
| OCTUBER 1999 | GOLDMAN SACHS MNE | $5 MILLION DOLLAR |
| OCTUBER 1999 | SOFTBANK | $20MILLION DOLLAR |
What is the business strategy of Alibaba company?
ALIBABA has become such a big company because they know a lot about their business strategy, so we never lose trust in our customers and they always know that everything that our customers do is for us and until the customers are not satisfied we will not be satisfied. And in JACK we spend most of the money on this so that people more talented than us work for us so that the growth of our company continues to grow. In JACK we spend more money on this for our customers WHERE ANOTHER COMMERCE COMPANY IS AVAILABLE AND HOW DO OUR LOGO GET THEIR PRODUCT
TOP 4 GOLDEN WORD ADVICE FROM JACK MA
Jack Ma always says one line that
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- IF YOU DON’T GIVE UP YOU STILL HAVE CHANCE GIVING UP IS THE GREATEST FAILURE
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- The world will not remember what you say, but it will definitely not forget what you have done
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- IM AM NOT A TECH GUY I AM LOOKING AT THE TECHNOLOGY WITH THE EYES OF MY CUSTOMERS NOUMAL PEOPLES EYE
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- NEVER GIVE UP TODAY IS HARD TOMORROW WILL BE WORSE BUT THE DAY AFTER TOMORROW WILL BE SUNSHINE
Who are Alibaba’s main customers?
THE MAIN CUSTOMERS OF ALIBABA IS
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- SMALL BUSINESS MAN
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- BUSINESS OWNER
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- ONLINE SELLER
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- DROPSEEPER
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- WHOLSALER
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- INDIVISUAL
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- Alibaba has achieved such a large amount of manufacturing by producing its own products and has earned its own profit in between.
WHAT IS THRE FEATURE OF ALIBABA COMPANY
Alibaba’s future plan is that it wants to add its sellers all over the world and launch its business in 240 countries in their own language and supply at a cheaper rate than all its competitors. This is the feature plan of Alibaba
Who is Alibaba’s main competitor?
THE MAIN COMPETITOR OF ALIBABA IS
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- AMAZONE
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- EBAY
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- FLIPCART
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- ETTSY
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- META ADS
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- SHOPY FI
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- META ADS
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- jd.com
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- china.com
CURRENT NET WORTH OF ALIBABA COMPANY
ALIBABA HAS MARKE CAp (net-worth) is $168.64 billion doller as for june 18,2024
CURRENT STOCK PRISE OF ALIBABA COMPANY
$72.10 khd current stock prise of alibaba