This is the story of a person who did not know how many stumbling blocks in his life and saw the faces of failures, yet he never gave up. Wherever he used to earn only 800 rupees per month as a tour guide, the person today has become China's richest person with a wealth of 130,000 crore today. This story of becoming a king from a rank is Jack Ma, the founder of the e-commerce company 'Alibaba.com (Alibaba.com)'.
JACK MA – INSPIRATIONAL SUCCESS STORY
He was born on October 15, 1964 in Hangzhou, China, at the house of a musician and story writer. His childhood passed through a period when Communism (communism) was at its peak in China and the citizens there were almost no relations with the outside world. During that cultural revolution of China, Jack Ma's family had suffered a lot due to being a supporter of the Nationalist Party of the Communist Party.
JACK MA’S LIFE IS FULL OF FAILURES
Jack Ma ( Jack Ma ) taught by the failures of their lives than their traditional education | You might be surprised to know that today's richest person in China was very weak in studies. They spread 2 times in an important examination of elementary school and failed in the Secondary School Examination 3 times.
Jack Ma wanted to learn English language from the beginning. US President Richard Nixon came to Hangzhou in 1972 and gave a huge boost to Hangzhou's tourism industry. After that in the school days, Jack started working as a tour guide so that he could earn some money and also learn English. It was the first time that Jack came in touch with the people of the outside world as a tour guide.
After school, Jack applied for the college, but he failed in the college entrance examination three times. He applied for admission to Howard University 10 times, but he was not successful even once. But in the end, he got admitted to the Hangzhou Institute of Teacher, from where he graduated in English in 1988.
Perhaps you felt that mathematics would be a very easy subject for the founder of such a large company. But reality is far from it. In his college math examination, he received only one point in 120 points. In the words of Jack Ma, himself,
" I am not good at mathematics, have never studied management and still do not know how to read accounting reports"
30 COMPANIES REJECTED, JOB NOT FOUND - JACK MA WAS REJECTED FROM 30 JOBS
After college, he applied for jobs in nearly 30 companies and all the companies rejected his application. In their own words -
"I applied for a police job but he rejected my application by saying I am not worthy of this job."
"When KFC company opened its store in our city, I applied for a job in KFC. A total of 24 people applied for jobs in KFC, out of which 23 applications were accepted, except for me. "
After all, he got a teacher's job at Rs 800 per month, where he became famous among the students. Later, when he started working as a translator, once he got an opportunity to go to America. For the first time in 1995, he became interested in the Internet world.
WHEN JACK MA FIRST DISCOVERED THE INTERNET
After knowing the Internet, he first created a new website giving information about China's beer, which he named as 'Chinapage'. He has partnered with a government body for better investment. But the government bureaucracy gradually started to scare away his dream and project, which eventually led to the separation from that government body. This gave him a very big lesson about which he says
"Love the government, but never marry"
After all, due to lack of investment, his project could not succeed.
ALIBABA'S BEGINNING AND SUCCESS - SUCCESS STORY OF ALIBABA
After the "ChinaPage" failure, he thought of working on a completely new idea - and the idea was to establish a website that would provide a unique portal to different businesses' markets and where different places of the world Exporter can present a detailed list of their products. Jack Ma named this website "Alibaba".
For the first time investing in Alibaba, Jack Ma turned towards Silicon Valley, where he got only disappointment. Even many people in Silicon Valley have called this project a failed and deficit business model.
But he did not break this dream and soon came the time when two big companies - Goldman Sachs and Softbank, invested $ 25 million in Alibaba.com.
Not only did Alfabeta gain any benefit, Jack Ma and his team created an auction website (Auction website) called 'Taobao.com' in 2003, on which the auction of goods was free. This website was created to outwit the biggest e-commerce company eBay, which already had a dominant share of China's auction market. Due to providing free service to Taobao, Alibaba started to become very economical under pressure. In order to reduce this pressure, Ma and her team started providing additional value-added services, such as custom web pages. In five years, eBay had to pull back from China's market.
In order to confront a much larger opponent than himself, like "Jack Ma" received a different happiness. About this fight from Ebay, Jack Ma says,
" If E Bay is a sea shark, then we (Alibaba and Taobao) are the crocodiles of the Yangtze River."
After this the company saw many fluctuations. There was a time when this company was only 18 months away from becoming bankrupt. But thanks to the firm determination, prudence and unmatched leadership of Jack Ma, Alibaba could not only recover from that crisis, but quickly reached the new peak of success. In 2013, an IPO of Rs 10 lakh crore has emerged as the largest IPO in the US market. Jack Ma's property itself has been valued more than $ 23 billion.
The reason for this success was the insistence of Jack Ma's ability and never to give up, which can be understood by the words of his own that he used to encourage his team
" WE WILL BE SUCCESSFUL BECAUSE WE NEVER GIVE UP"