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VIDEO INTRODUCTION:
Alibaba the huge Chinese Internet conglomerate that is really a technology company that serves retail customers and controls 80% of the Chinese e-commerce market. But it wasn't always the case, the story of how it's founder Jack Ma, a teacher founded and beat eBay and Amazon is a truly remarkable lesson for new Entrepreneurs.
Jack Ma grew up in humble circumstances in communist China. He famously tells people how he twice failed his university entrance exams and was rejected from every job he applied to after college, including the fast-food chain, KFC. Ma is the quintessential rags-to-riches story
Alibaba was founded in 1999 in the garage of Jack Ma, a former English school teacher, management’s ambition is to build on its spectacular success in China to become the global leader in e-commerce.
“Having been trained as a teacher, I feel extremely proud of what I have achieved. Teachers always want their students to exceed them, so the responsible thing to do for me and the company to do is to let younger, more talented people take over in leadership roles so that they inherit our mission ‘to make it easy to do business anywhere,’” Ma stated in his resignation letter which is exactly what we believe at Think School.
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#alibaba #alibabavsebay #jackma Credits: CNN-News 18, WION, NBC News, Money control pro, Business standard, TV18,Business Today, ABC news, CNBC, ET now ,Bloomberg originals, Financial Times, DW documentary, AL Jazeera English, BBC news, Firstpost. Fair use - This video is for educational purposes only. All materials used in this video, including images, audio, and video clips, are the property of their respective owners and are used here under the doctrine of fair use. This video is intended to provide commentary, criticism, research, and education on the subject matter. We believe this constitutes a fair use of any such copyrighted material as provided for in Section 107 of the US Copyright Law.
