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JackMaPoM108w.jpg Founder of Alibaba
Jack Ma, is the founder and CEO of Alibaba.com, and runs one of the world's largest E- commerce businesses.
Alibaba is China's, biggest online commerce company. Its three main sites -- Taobao, Tmall and Alibaba.com -- have hundreds of millions of users, and host millions of merchants and businesses. Alibaba raised $20billion in an IPO, in September 2014, becoming one of the most valuable tech companies in the world. Ma now serves as Executive Chairman of Alibaba Group, which is a holding company with nine major subsidiaries: Alibaba.com, Taobao Marketplace, Tmall, eTao, Alibaba Cloud Computing, Juhuasuan, 1688.com, AliExpress.com and Alipay.

 03 The Race to go Mobile

Feature Story
About The Person Of The Week / TVI
Jack Ma
••••Ma was born Ma Yun in Hangzhou, Zhejiang Province, China on October 15, 1964. He told Charlie Rose during an interview of his desire at an early age to learn English and that he rode his bike for 45 minutes 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 perfect his English.
•••• He attended Hangzhou Teacher's Institute (currently known as Hangzhou Normal University) where was elected student chairman. He graduated in 1988 with a bachelor's degree in English, and later became a lecturer in English and International Trade at the Hangzhou Dianzi Universit. He went on to attend Beijing-based Cheung Kong Graduate School of Business (CKGSB), founded in 2002 by Hong Kong billionaire Li Ka-shing, graduating in 2006.
•••• Ma first 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.
•••• In 1995, Ma founded China Yellowpages, widely believed to be China's first Internet-based company. From 1998 to 1999, Ma headed an information technology company established by the China International Electronic Commerce Center, a department of the Ministry of Foreign Trade and Economic Cooperation.
•••• He founded Alibaba in 1999, a China-based business-to-business marketplace site which currently serves more than 79 million members from more than 240 countries and territories. In September 2014, Alibaba was raised $20 billion in an IPO. Ma now serves as Executive Chairman of Alibaba Group, which is a holding company with nine major subsidiaries &endash; Alibaba.com, Taobao Marketplace, Tmall, eTao, Alibaba Cloud Computing, Juhuasuan, 1688.com, AliExpress.com and Alipay.
///

02 TIMELINE - JACK MA

1964 - Jack Ma was born Ma Yun on October 15, 1964 in Hangzhou, Zhejiang Province, China.
1980s - He attended Teacher's Institute Hangzhou and was elected student chairman.
1988 - Graduated from Hangzhou Teacher's Institute (known as Normal University) with a bachelor's degree in English.
1995 - Ma founded China Yellowpages, widely believed to be China's first Internet-based company.
1998 - From 1998-1999, Ma headed an information technology company established by the China International Electronic Commerce Center, a department of the Ministry of Foreign Trade and Economic Cooperation.
1999 - Jack Ma founded Alibaba in 1999, a China-based business-to-business marketplace site which currently serves more than 79 million members from more than 240 countries and territories. September 2014 it was announced Alibaba was raising $20 billion in an IPO. Ma now serves as Executive Chairman of Alibaba Group, which is a holding company with nine major subsidiaries, Alibaba.com, Taobao Marketplace, Tmall, eTao, Alibaba Cloud Computing, Juhuasuan, 1688.com, AliExpress.com and Alipay.
2004 - He was chosen by China Central Television and its viewers as one of the "Top 10 Business Leaders of the Year."
2005 - Ma was named one of the "25 Most Powerful Businesspeople in Asia" by Fortune. He was selected by Businessweek as a "Businessperson of the Year" in 2007 and one of the 30 "World's Best CEOs" by Barron's in 2008.
2005 - Ma was selected by the World Economic Forum as a "Young Global Leader."
2006 - Graduated from Beijing-based Cheung Kong Graduate School of Business (CKGSB) founded in 2002 by Hong Kong billionaire Li Ka-shing,
2006 - Ma's consumer-auction website, Taobao.com, one of the world's biggest B2B online marketplaces, an eBay for companies doing international trade did so well that in 2006, eBay shut down its own site in China."
2007 - In response to worldwide criticism of the practice of killing sharks for their fins, Ma announced that he and his family had "sworn off Shark Fin Soup now and forever." Ma has stated that that moment created a newfound interest in environmentalism that would shape his future ethos. In January 2009, Alibaba Group revised its listing policy and banned the sale of shark fin products on all of its e-commerce platforms.
2009 - At the Alibaba.com Annual Shareholders Meeting in May, Ma, encouraged those in attendance, including shareholders, customers and students from two Hong Kong universities, to take matters into their own hands and take action in the form of starting businesses to cope with the economic downturn rather than waiting for government or business to help them. He reminded everyone that the great fortunes of the world were made by people who saw opportunities that others didn't, and he noted that the aftermath of the recent global recession would be no different in terms of exposing new ways of doing business.
2009 - In May 2009, Ma was honored by Time magazine with inclusion into the Time 100 list of the world's 100 most influential people; and "Top 10 Most Respected Entrepreneurs in China" by Forbes China.
2009 - Ma received the "2009 CCTV Economic Person of the Year: Business Leaders of the Decade Award."
2009 - He became a trustee of The Nature Conservancy's China program in 2009 and joined its global board of directors in April 2010. In 2013, he became Chairman of the Board for the Nature Conservancy's China Program; this was one day after he stepped down from Alibaba as company CEO. Ma is the first Chinese citizen to serve on The Nature Conservancy's board. Ma is a board member of Japan's SoftBank and China's Huayi Brothers Media Corporation.
2010 - At the annual general meeting of shareholders for Alibaba.com in May 2010, Ma announced Alibaba Group would begin in 2010 to earmark 0.3 percent of annual revenue to environmental protection, particularly on water and air quality improvement projects. Of the future of Alibaba, he has said that "our challenge is to help more people to make healthy money, 'sustainable money,' money that is not only good for themselves but also good for the society. That's the transformation we are aiming to make."
2010 - Joined The Nature Conservancy's China program global board of directors in April.
2010 - Ma was selected by Forbes Asia as one of "Asia's Heroes of Philanthropy" for his contribution to disaster relief and poverty.
2011 - One of Ma's companies had gained control of Alipay, formerly a subsidiary of Alibaba Group, so as to "comply with Chinese law governing payment companies in order to secure a license to continue operating Alipay. Numerous analysts reported that Ma sold Alipay to himself below market value without notifying the board of Alibaba Group or the other major owners Yahoo and Softbank, while Ma stated that Alibaba Group's board of directors were aware of the transaction. The ownership dispute was resolved by Alibaba Group, Yahoo! and Softbank in July 2011.
2012 - Alibaba's online transaction volume exceeded one trillion yuan. Ma was thus labeled "trillion Hou", meaning literally "Trillion Yuan Marquis" in Chinese.
2013 - He became Chairman of the Board for the Nature Conservancy's China Program; this was one day after he stepped down from Alibaba as company CEO. Ma is the first Chinese citizen to serve on The Nature Conservancy's board.
2013 - He was awarded an honorary doctoral degree by the Hong Kong University of Science and Technology in November 2013 and has audited classes at the University of California, Berkeley.
2013 - January 15, 2013, Jack Ma issued an open letter to employees stating his intention to retire from his post as CEO of Alibaba Group as of May 10, 2013.
2014 - Alibaba raised $20billion in an IPO, in September 2014, becoming one of the most valuable tech companies in the world . Ma now serves as Executive Chairman of Alibaba Group, which is a holding company with nine major subsidiaries &endash; Alibaba.com, Taobao Marketplace, Tmall, eTao, Alibaba Cloud Computing, Juhuasuan, 1688.com, AliExpress.com and Alipay.

Personal
Jack Ma is married to Zhang Ying; they have one daughter and one son who is currently an undergraduate student at University of California, Berkeley.

03. Special Feature / THE RACE TO GO MOBILE

China's 600 million-plus Internet users are migrating to smartphones, setting off a scramble among the country's Internet giants. Alibaba's toughest rival is Tencent, which runs the WeChat mobile messaging application, with 355 million users. The companies are spending billions of dollars to invest in businesses that can help them compete.

PHILOSOPHY
What's Jack Ma's philosophy? Investors can get a taste from a letter Mr. Ma sent to employees, on the day Alibaba filed its IPO prospectus. In it, Mr. Ma warned about the ruthlessness of the capital markets and pledged the company would stay true to Alibaba's principles, which put customers before shareholders.

"Most companies, when they're doing good, they enjoy today's wonderful life. They don't worry about five years later--but I worry about five years later." --Jack Ma

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The title character in "Ali Baba and the Forty Thieves," a story from the Arabian Nights. Ali Baba gains the treasure of the thieves, which they keep in a cave with a magical entrance. He opens the door of the thieves' cave in which the Forty Thieves had hidden their treasure, with the magical password "Open Sesame."

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