New Business Creaters

1. Presentation
On
History of Successful New Ventures
By
SOHRAB KAKAR
MBA- Sem lll
Mkt “C” Division

2. Jack Ma or Ma Yun
.

3. Biography
 Name: Jack Ma or Ma Yun
 Born : October , 15, 1964
 Country : China
 Founder : Alibaba Group
 Net Worth : $49 billion
 Position : Executive Chairman of Alibaba Group

4. Beginning to Success
 At an early age, Ma developed a desire to learn English so he
rode his bike each morning in order to go to a nearby hotel and
converse with foreigners.
 He would guide them around the city for free in order to
practice and improve his English.
 He did this for nine years.

5. Beginning to Success
 He became pen pals with one of these foreigners and she was
the one who gave him the name "Jack", because his real
Chinese name was too difficult to pronounce.
 Later in his youth, and although he failed the university
entrance exam three times.
 and went on to further education and finaly graduated in 2006.

6. Beginning to Success
 At first he started building websites for Chinese companies
with the help of friends in the US.
 He has said that "the day we got connected to the Web, I
invited friends and TV people over to my house," and on a very
slow dial-up connection, "we waited three and a half hours and
got half a page.... We drank, watched TV and played cards,
waiting.
 But I was so proud.
 I proved (to my house guests that) the Internet existed.
 He encountered a computer for the first time at the age of
thirty-three.

7. Career
In 1994, Ma heard about the Internet.
In early 2000, he went to the US and with his friends' help he got introduced to the
Internet.
During his first encounter he searched the word "beer".
Further, he tried to search for general information about China and again was
surprised.
So he and his friend created an "ugly" website related to China.
Within five hours of creating the website he had received emails from some Chinese
wishing to know about him.
This is when Ma realized that the Internet had something great to offer.

8. Alibaba
In April 1995, Ma, his wife and a friend collected twenty
thousand dollars and started an Internet company.
Their company was dedicated to creating websites for
companies.
He named their company "China Yellow Pages.“
Within three years, his company had made U$800,000.

9. Alibaba
 From 1998 to 1999, Ma headed an information technology company
established by Government
 In 1999, he decided to quit and went back to Hangzhou with his team
in order to found Alibaba in his apartment with a group of 17 friends.
 He started a new round of venture development with U$800,000.
 Alibaba is a China-based B 2 B marketplace site which currently
serves more than 79 million members from more than 240 countries
and territories.

10. Alibaba Group
 Ma wanted to improve the global e-commerce system and from
2003 he founded (Taobao, Alipay, Ali Mama and Lynx.
 After the rapid rise of Taobao, eBay offered to purchase the
company but Ma rejected their offer, instead garnering support
from Yahoo $1 billion investment.
 In September 2014 it was reported Alibaba raised $25 billion,
the largest initial public offering in US financial history.
 Ma now serves as executive chairman of Alibaba Group, which
is a holding company with nine major subsidiaries.

11. Rewards
 In October 1999 and January 2000, Alibaba twice won a total
of a $25 million international venture capital investment.
 The program was expected to improve the domestic e-
commerce market and perfect an e-commerce platform for
Chinese enterprises, especially SME.

12. Rewards
 In 2004, he was chosen “Top 10 Business Leaders of the Year”.
 In 2005, Ma was selected by the World Economic Forum as a “Young
Global Leader”.
 And was named one of the “25 Most Powerful Businesspeople in Asia”
by Fortune magazine.
 in 2007 He was selected by Businessweek as a “Businessperson of the
Year”.
 in 2008 one of the 30 “World’s Best CEOs” by Barrons .
 In May 2009, Ma was honored by Time magazine with inclusion into the
Time 100 list of the world’s 100 most influential people.