ALLIBABA FOUNDER IS WHO?

Jack ma yun is a person who is born in 10th September 1964 in a small and poor family in Hangzhou China. He was weak in studies he did not able to pass in smaller studies itself but out of his hardwork he passed. One day the living place of jack ma was changed into a tourist place. Jack ma by seeing the tourist people who are visiting the place by seeing them he is trying to learn the language which the tourist people spoke. He turned himself as a guide and by that he got two new friends. As days goes by he had finished his studies he went for work no one accepted him as professor then he thought that we can do any work which the owner gives us. He was roaming for job he was going to every workshop and companies and offices but no one accepted him as a server too because of his face. Then the college in Hangzhou gave a job as an English professor in Hangzhou Institute of Electronics and Engineering (now Hangzhou Dianzi University). Then his intrest in English gave him during that time any of the people in china don’t know to speak or write in English. So he was appointed as a translator. Then he went to America because he was the translator that time he saw the people in America are using computer. His intrest in computer grew on that day so he studied it and told his friends and some people who have no work joined all decided to begin a company. In that all spent some money in it but it was at a failure because no people interested to buy things are invest in their company. Then slowly they understood the situation they tried change the people somehow they were devolped and Goldman Sachs and soft bank two companies invested 5 million and 20 million in Allibaba company. Much of Ma’s wealth is linked to Alibaba. He used to own an 11.7% stake with the largest controlling interest in the company and its subsidiaries, though he has been divesting his shares over time. The firm’s roots date back to 1995, when Ma and his wife started a site-creating company called China Yellow Pages. The name Allibaba came from the character Ali Baba from the Middle Eastern folk-tale collection One Thousand and One Nights because of its universal appeal. As Jack Ma, one of the founders, explained: One day I was in San Francisco in a coffee shop, and I was thinking of Alibaba so I kept this name. Jack Ma is primarily known as the founder of the e-commerce giant ‘Alibaba,’ which is one of the top e-commerce websites in the world. The firm, which is considered a rival of other famous websites, such as ‘eBay’, jack ma bought company was eBay then only the Goldman Sachs and Soft bank company gave money from that they run the company without getting any money from the people. This E bay has helped Jack Ma become the richest man in China. He is not bigger than Amazon but he is known as richest person around the world wide.