Saturday, October 13, 2018

How Alibaba Started !


Jack ma is the co-founder of the E-commerce giant Alibaba and is a stakeholder at Alipay, its sister company of which is an E-payment portal.

Alibaba is worth more than Facebook and processes goods more 
than eBay and Amazon combined.
Alibaba the company began from his apartment . 17 of his other friend to invest and join him new E-commerce startup-Alibaba 

How Alibaba Started. ? 

* Born on 1964 in Chinese
* Bicycle every day to hotel to improve English with foreigners 
* Nickname  jack was given to him by a tourist from Australia 
* Passed on the third try Graduate in 1988
* Rejected for many jobs including a manger job at KFC
* Worked as English teacher at a local university
* Starting a translation company which is guide him to visit USA
* Recognized internet
* China  pages 1995 his first attempt ai an internet business 
* Within 3 years his company had made 5,000,000 Chinese
* Returned to Hongzhoo  with his team to find Alibaba 
* Find out 17 of his friends as invests in 1999
* 79 million members from more than 240 countries
* eBay and more offered to purchase Alibaba but rejected 
* Support form yahoo Co-founder jerry yang with a $ 1 Billion investment 
* In 2014 Alibaba raised $ 25 Billion in IPO largest IPO in US financial market 

The company name come form Tha character Alibaba from the Arabian literature "one thousand and one night "  

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