Jack Ma by Jenny Xu
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Transcript of Jack Ma by Jenny Xu
Jack Ma– the face of Chinese scrappy
entrepreneurship
Jenny (Zhi) Xu
Who is Jack?
Road to success
Success
?49
2013Born1964
81972
201984
Cultural revolution: 66’-76’
Reform and Opening up
eBay enters China
301994
Discovers English Entered college
after 2 failed attempts
Quit teachingto start translation
business
1999Founded Alibaba
94’992 failed startup
attempts
Acquired Yahoo China
Amazon founded
402004
What is the significance of Alibaba?
• A collection of disruptive companies
• Creating jobs and supporting small businesses
• 55MM registered B2B accounts • 10MM jobs (Taobao)
• Innovation• Singles day: $5.7B in one day • Largest currency fund in China• Mobile taxi app
• It all began with Chinese chivalry…
• …to empower the young
• …and have fun…
• Jack built a career around a vision that aligns with his core values
• Learning and mentoring is a responsibility for leaders
• Be humble, be grateful
Lessons Learnt
Can entrepreneurs have it all?Family
5%
Self5%
Community30%
Career60%
Career30%
Community30%
Family 20%
Self20%
Q&A
“Wealth is not the goal… the goal is to create a truly Chinese founded company that the whole world can be proud of for its accomplishments.”
“I’ve seen people make a fortune catching shrimps but never make a fortune catching sharks and whales.”
“I have faith that the Chinese young generation will do better than us!”
“There is trust and faith in China…it will make the whole world more open, more transparent, more sharing, more responsible”
“We don’t need a rich father, we have persistence and a dream…”
“I am very grateful and proud for my 14 years in business… but in terms of what we have done for the society, this is only the beginning…”