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Date: 10 months ago   Category: Companies

Jack Ma's heritage. As the teacher became the richest person in China


The founder of Alibaba will attend an economic forum in Vladivostok. Earlier it became known of his fast departure from the job of the chairman of the board of the company Jack Ma. Photo: Marcos Brindicci/Reuters the Founder of Alibaba Jack Ma will attend East economic forum which will take place in Vladivostok on September 11-13, TASS with reference to sources reports. "Ma comes, but won't participate in the business program of a forum. He has the program" — the interlocutor of the agency has told. Earlier sources of Interfax reported that Chinese Alibaba, Mail.ru Group and the Russian Direct Investment Fund conduct negotiations on creation of joint venture in the sphere of electronic commerce. Signing of the memorandum can just take place within East economic forum. Meanwhile Alibaba Group has confirmed rumors about fast leaving of Jack Ma from a post of the chairman of the board of the company. The founder of the Chinese Internet giant will leave a post exactly in a year, on September 10. In far 1994 the teacher of English in China as if has followed advice which Dmitry Medvedev had given to the Russian teachers few years ago: "If there is a wish to earn, eat money the mass of beautiful places where it can be done quicker and better. Same business". The young lecturer of one of the universities of Hangzhou has heard about the Internet, almost for the sake of an entertainment has created with friends small and as he remembers, the "ugly" website about China, has soon attracted 20 thousand dollars, has based China Pages — the company on creation of the websites for other companies — and in three years has earned nearly one million dollars. In 1999 the new idea — to create online маркетплейс, and initially in the format B2B, business to business has come to the former teacher to mind. Jack Ma or Ma Yun called this person, and the startup has borrowed a name from one enterprising woodcutter from the Arab fairy tale. The correspondent of CNN in Beijing Matt Rivers tells about progress of Alibaba Group: "In 2015 the IPO of Alibaba for 25 billion dollars became the largest in the history of the USA. Ant Financial — the financial technical-subsidiary of Alibaba — has invested billions of dollars in the companies worldwide. Trading floors and the mobile payment platform of Alibaba have fundamentally changed how hundreds shop millions Chinese. And all this time charismatic Jack Ma was a person of the Chinese technological revolution. Many history inspires him: the Chinese Internet calls him precisely "Father Ma". However, Jack Ma has enough critics too. At least partially progress of the company can be explained with protectionism and support of the Chinese authorities, and the business model of Alibaba has been almost completely copied at Amazon. Besides in youth Jack Ma didn't differ in special progress. In an interview of Bloomberg he told how he tried to get a job in 30 different companies and even in police, but everywhere refused to him. When in his city the first KFC opened, 24 persons have come to an interview: 23 of them have accepted, one was Jack Ma. As a result he almost had to become a businessman — on anything more he was no good. The founder of Alibaba regularly tells about the approach to life

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