Jack was reported missing, where is Jack Ma? did the Chinese government silence him? Is it a conspiracy by Chinese government to end tech giant, Alibaba? Is Jack Ma most feared by America and the world’s richest man and founder of Amazon, Jeff Bezos?
Sit back and relax.
Today, in our web series of “rise and fall” we focus on jack Ma, a Chinese business magnate, investor and philanthropist. He is the co-founder and former executive chairman of Alibaba Group, a multinational technology conglomerate.
Here is the story of Jack ma, the richest man in Asia the only man who challenged America’s eCommerce platform, Amazon, loved by the world, but hated by the home country, Chinese government.
Jack Ma, whose real name Ma Yun came to the world on 10th September 1964 in Hangzhou, Zhejiang, China.
Born to a family of limited means. His parents were musicians and sometime storytellers. He began studying English at a young age by conversing with English-speakers at Hangzhou International Hotel. Being born in a Chinese Speaking Country, Ma Travelled For nine years on his bicycle to give tourists tours of the area to practice his English. He became pen pals with one of those foreigners, who nicknamed him “Jack” because he found it hard to pronounce his Chinese name.
. Ma attended Hangzhou Teacher’s Institute (currently known as Hangzhou Normal University) and graduated in 1988 with a Bachelor of Arts in English. He claims to have made 10 application to the Harvard School of Business, but non Was Successful.
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Jack Ma Net Worth
Jack Ma value at a net worth of 38.8 billion U.S Dollars, making him the wealthiest person in China followed by Ma Huateng who has a 38.1 Billion U.S Dollars net worth as well as one of the wealthiest people in the world, ranked 17th according Forbes list. Ma Huateng who is also known as Pony Ma is a Chinese billionaire business magnate. Who is the founder, chairman and chief executive officer of Tencent, the company develops China’s biggest mobile instant messaging service, WeChat.
Jack ma wife
At the university ma met Zhang Ying, also known as Cathy Zhang, a fellow student. They married shortly after graduation in 1988, and alongside working as a Chinese teacher, she was active in the early development of Ma’s businesses and became general manager of the main firm, until 2004. The couple have three children
Jack Ma Quotes
One of jack ma’s greatest quote is:
“If you don’t give up, you still have a Chance to Win. Giving up is a Great Failure.”
Jack Ma missing:
Speculation has swirled around Chinese billionaire Jack Ma’s whereabouts after reports surfaced that the high-profile businessman has not made a public appearance in more than two months.
The Alibaba founder also failed to appear as scheduled in the final episode of his own talent show, Africa’s Business Heroes, which gives budding African entrepreneurs the chance to compete for a slice of $1.5 million US dollars.
According to UK’s Telegraph publication, Ma was supposed to be part of the judging, but was replaced by an Alibaba executive in the November final, His picture was also taken off the website.
But An Alibaba spokesperson said Ma was unable to take part on the judging panel “due to a schedule conflict”.
Ma’s business empire, Ant Group, has been under scrutiny by Beijing ever since Ma delivered a controversial speech in Shanghai on 24 October that criticised China’s regulation system for stifling innovation and likened global banking rules to an “old people’s club”.
in the speech Ma said:
“Today’s financial system is the legacy of the Industrial Age,”. “We must set up a new one for the next generation and young people. We must reform the current system.”
Chinese authorities launched an anti-monopoly investigation into Alibaba in late December and told Ant Group to restructure its operations.
Ma has donated millions of face masks to Europe, the US and the World Health Organisation in a bid to stem the pandemic.
The billionaire has also been involved in charity work, with the Jack Ma Foundation focused on areas of education, entrepreneurship, female leadership, and the environment.