THE INCREDIBLE STORY OF ALIBABA FOUNDER JACK MA

Born: October 15, 1964 – Hangzhou, China

Offers city tours to foreigners as a teenager

Fails in his university exams – twice!

1988 - Graduates from Hangzhou Teacher’s Institute

Applies for 30 jobs – rejected!

Applies for KFC along with 23 other people. Everyone selected except him

Gets hired as an English teacher for a local university for $12 a month

Ends up at a translation company that leads him to the United States

1995 – Gets exposed to the World Wide Web

Starts China Pages – an online portal for information on Chinese beers. Fails due to lack of funding

Gets an idea for an idea for a B2B marketplace for exporters to list their products

1999 - Gathers 17 of his friends to invest in Alibaba. The same year gets funding from Goldman Sachs and SoftBank

2005 – Yahoo invests $1 billion for 40% stake in the company

2013 – Breaks the record for the biggest IPO in the US history by raising $150 billion

Today – Alibaba is the largest retailer in the world

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