Similar Stories to Alibaba Mega Ipo Caps Founder Jack Ma Success Tale on Bing News

Ma used his entrepreneurial wits to build up an e-commerce giant in stark contrast to the state owned companies that became behemoths because of Communist Party policies and ties to the political elite. The initial public offering, which will raise as much as $25 billion, cements his position as one of China's richest people. A former English teacher who flunked his college entrance exam twice, Ma founded Alibaba in his apartment in 1999 with 17 friends. The company started as a site to link Chinese manufacturers with buyers overseas and is now an e-commerce behemoth that's expanded into banking, digital maps and online video. Ma's path to internet retailing dominance began with a business trip to the United States in 1995 that went sour after the investor he was to meet turned out to be con man.

Topics:  communist party   china   english   alibaba   chinese   united states   a   ma   e-commerce   
BING NEWS:
  • China’s Alibaba Grinds Out Small Gains in a Year of U-Turns
    This followed a period where China’s top tech firms came under extreme pressure from regulators, co-founder Jack Ma went into exile, and competitors in shopping became serious rivals.
    05/14/2024 - 2:29 am | View Link
  • From Earning $1/Hour to Building a Global E-commerce Behemoth, How Jack Ma Did It
    Billionaire Jack Ma, the man behind China's e-commerce revolution and $25 billion to his name, had a very different life from the lavish existence he leads now. Born in Hangzhou, China, in 1964, into ...
    05/14/2024 - 1:45 am | View Link
  • Is Alibaba Stock A Buy Before Or After Upcoming Earnings?
    The prolonged absence of Alibaba founder Jack Ma, in the aftermath of the ANT IPO debacle ... and BABA investors equate him with Alibaba’s success and path forward. Last year, Ma returned ...
    05/13/2024 - 4:59 am | View Link
  • Alibaba opens new global headquarters in Hangzhou, China on annual family day
    a post written by co-founder Jack Ma in 2004. “The biggest beneficiaries of a true, great and outstanding e-commerce website should be its users, and its biggest builders should also be its ...
    05/10/2024 - 10:00 am | View Link
  • Alibaba’s Co-founder Tsai Shares Vision for E-commerce Dominance Amidst Challenges
    Questions surrounding Alibaba’s trajectory have arisen amidst internal restructurings, the cancellation of a cloud computing IPO ... Tsai and fellow co-founder Jack Ma have collectively ...
    02/27/2024 - 12:45 am | View Link
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