Jack Ma Bio | Wiki
Jack Ma ( Full Name: Jack Ma Yun) is a popular Chinese business magnate, investor, and philanthropist who is the co-founder of Alibaba Group, a multinational technology conglomerate. In addition, Jack is also the co-founder of Yunfeng Capital, a Chinese private equity firm. As of June 2023, having a net worth of $34.5 billion, Jack is the fourth-richest person in China (following Zhong Shanshan, Zhang Yiming, and Ma Huateng), and the 39th wealthiest person in the globe, ranked by the Bloomberg Billionaires Index.
Jack worked as an English lecturer and international trade lecturer at Hangzhou Dianzi University after graduation. Afterward taking an interest in the emergence of the Internet business, Jack established his first business in 1994, only to end up forming a second company after learning more about the Internet and the commercial business possibilities that could be potentially exploited from its emerging growth. From 1998 until 1999, resigned from China Telecommunications Corporation, afterward started the Alibaba Group with his workmates in 1999.
The company was formerly founded as a B2B e-commerce marketplace website, yet the company later expanded into a wide range of industry domains across the Chinese economy, such as e-commerce, high-technology, and online payment solutions. In September 2018, reported that he would retire from Alibaba and pursue educational work, philanthropy, and environmental causes; the next year, Daniel Zhang replaced him as executive chairman. In 2020, the Chinese government stopped plans for an IPO named for the digital payment solutions company Ant Group, a company that Jack founded after he delivered a speech that condemned Chinese financial regulators for putting too much priority on minimizing risk.
Jack Ma Age
Jack was born on September 10, 1964, in Hangzhou, Zhejiang, China. He is 59 years old. Jack celebrates his birthday on September 10, every year.
Jack Ma Height | Height in Feet
He is a man of average stature. Jack stands at a height of 4 ft 11¾ in ( approx. 1.52m ).
Jack Ma Family
He was born in Hangzhou, Zhejiang, the son of traditional musicians from China Ma Laifa and Cui Wencai. Jack became interested in English as a young boy and began practicing with English speakers in the Hangzhou International Hotel. His grandfather worked as a security guard during the Second Sino-Japanese War. At the age of 12, Jack bought a pocket radio and started listening to English radio stations frequently. For nine years, Jack rode 27 km (17 miles) on his bicycle every day to serve as a tour guide of Hangzhou for foreigners in order to practice his English.
Jack became pen pals with one of those foreigners, who nicknamed him “Jack” due to finding it hard to pronounce his Chinese name. When he was 13 years old, Jack was forced to transfer to Hangzhou No. 8 Middle School as he kept getting caught in fights. In his early school days, he struggled to fare well scholastically, and it took two years for him to gain acceptance at an ordinary Chinese high school, as Jack only got 31 points in mathematics on the Chinese high school entrance exam.
Jack Ma Wife
Jack is married to his wife Zhang Ying who was born in Ganlinzhen, Shaoxing, China. The two married in 1988. The two started out by working as teachers and met each other at the Hangzhou Teacher’s Institute, which is currently known as Hangzhou Normal University. Jack and his wife Zhang Ying have three children including a son named Ma Yuankun.
Jack Ma Son
He has a son named Ma Yuankun who was born in 1992. His son studied at Harvard University where he had his Economics and Classics Education degree. Ma Yuankun is nicknamed Jerry Ma. Yuankun works as the director of emerging technology at the US Patent and Trademark Office.
Jack Ma Daughter
He has two daughters whose details are not disclosed to the public.
Jack Ma Education
In 1988, Jack graduated from Hangzhou Normal University with a Bachelor of Arts degree with a major in English.
Alibaba Jack Ma | Alibaba
In 1999, Jack came back to Hangzhou with his team to establish Alibaba, a Hangzhou-based business-to-business marketplace site in his apartment with a group of 18 friends. Jack began a new round of venture development with 500,000 yuan. In October 1999 and January 2000, Alibaba received a total of $25 million in foreign venture seed capital from the American investment bank, Goldman Sachs as well as the Japanese investment management conglomerate SoftBank.
Since 1999, Jack worked as the executive chairman of Alibaba Group, which has remained one of China’s most famous high-technology holding companies in the two decades since it inception presiding over nine major subsidiaries: Alibaba.com, Taobao Marketplace, Tmall, eTao, Alibaba Cloud Computing, Juhuasuan, 1688.com, AliExpress.com, as well as Alipay. At the annual general meeting of shareholders for Alibaba.com in May 2010, Jack reported Alibaba Group would begin in 2010 to earmark 0.3% of annual revenue to environmental protection, specifically on water- and air-quality improvement projects.
He reported on September 10, 2018, that he would leave as executive chairman of Alibaba Group Holding in the coming year. He denied reports that he was forced to leave by the Chinese government and said that he wants to focus on philanthropy via his foundation. Daniel Zhang would later lead Alibaba as the current executive chairman. He departed from the board of Alibaba on 1 October 2020.
Jack Ma Missing | Disappearance | Disappeared
News outlets recognized a lack of public appearances from Jack between October 2020 and January 2021, coinciding with a regulatory crackdown on his businesses. The Financial Times announced that the disappearance may have been connected to a speech given at the annual People’s Bank of China financial markets forum, in which Jack condemned China’s regulators and banks.
In November 2020, the Financial Times announced the abrupt cancellation of the Ant Group’s anticipated initial public offering (IPO) following an intervention by financial regulators. As per Chinese bankers and officials, financial stability became the objective behind the intervention. Some writers speculated that Jack may have been a victim of forced disappearance, while the rest speculated that Jack could be voluntarily lying low.
Jack Ma Cathy Zhang
Cathy Zhang aka Zhang Ying is a retired Chinese teacher, who is very popular for being the wife of billionaire Jack. The two share beautiful children and have been together with a strong bond. Cathy was born in Hangzhou, China, and belongs to the Asian ethnicity/race.
Jack Ma Found | Whereabouts
Jack made a public appearance again on 20 January 2021, speaking through a video link to a group of rural teachers at a charitable event, the annual Rural Teacher Initiative. In February 2021, Bloomberg announced that Jack was seen golfing at the Sun Valley Golf Resort on the Chinese island of Hainan. In March 2021, Jack and Alibaba were ordered by Chinese regulators to sell off certain media companies, such as Hong Kong’s South China Morning Post, as part of a Chinese campaign to curb the influence wielded by giant digital conglomerates. Reuters reported Jack was on the Spanish island of Mallorca shopping at a local store in October 2021.
In November 2022, Jack was reportedly living a low-profile life in Tokyo, Japan, for nearly six months, and occasionally traveling abroad. In March 2023, Jack was seen for the first time at the Yungu school in Hangzhou, China. Pictures and videos of Jack touring the school appeared on social media confirming the appearance of the billionaire for the first time in many months. The school is funded by Jack’s company and is located near the company’s headquarters. Jack was reportedly persuaded to return by Premier Li Qiang.
Jack Ma Missing Update
He is ‘alive’ and ‘happy,’ top exec says in June 2023 following China’s tech crackdown. There is continued interest in Alibaba founder Jack’s whereabouts after he and his empire were the target of an intense regulatory crackdown by the Chinese government. “Well, first of all, Jack is alive”.
Jack Ma Quotes | Famous Quotes
– Spending money is much more difficult than making money.
– Never give up. Today is hard, tomorrow will be worse, but the day after tomorrow will be sunshine.
– We should keep on going along the path of globalization. Globalization is good… when trade stops, war comes.
– The very important thing you should have is patience.
– The world needs new leadership, but the new leadership is about working together.
– Trade is a communication of cultures and values.
Jack Ma Quotes About Business And Job
– “A good boss is better than a good company.”
– “Opportunity lies in the place where the complaints are.”
– “If you want your business to succeed, it is critical to appoint enough female leaders.”
– “If you want your life to be simple, you shouldn’t be a leader.”
– “My favorite movie is ‘Forrest Gump.’ He said nobody makes money catching whales, people make money catching shrimps. So we serve small business.”
– “You should learn from your competitor, but never copy. Copy and you die.”
– “If you’ve never tried, how will you ever know if there’s any chance?”
– “Once in your life, try something, work hard at something. Try to change. Nothing bad can happen.”
– “The very important thing you should have is patience.”
– “Philanthropy is not about helping others, it’s about helping yourself. When you change, the world changes.”
Chinese Jack Ma
He is a Chinese business magnate and investor. He is the founder of the Jack Ma Foundation, a philanthropic organization specializing in improving education, the environment, and public health. In May 2023, Tokyo College, a research institute at the University of Tokyo, reported that Jack as a Visiting Professor and would work at the institute until at least October 2023.
Jack Ma News
In March 2023, Jack was seen for the first time at the Yungu school in Hangzhou, China. Pictures and videos of Jack touring the school appeared on social media confirming the appearance of the billionaire for the first time in many months.
Jack Ma House
He bought a $191 million mansion in the neighborhood in 2015, but it has never been confirmed. The 9,890-square-foot luxury house at 22 Barker Road on The Peak is believed to have been sold for HK$1.5 billion.
Jack Ma Tokyo | Japan
In November 2022, Jack was reportedly living a low-profile life in Tokyo, Japan, for nearly six months, and occasionally traveling abroad
Jack Ma 996
He got international criticism after he publicly endorsed the Chinese work practice known as 996 working hour system. When asked in 2019 to give his views on the future, Jack again said that 996 was now a “huge blessing” necessary to achieve success, but went on to state that artificial intelligence technology might lead to a better life of free time in the future, where people would only have to work four-hour work days, three days a week.
Jack Ma Ant Group
He founded Ant Group after he delivered a speech that condemned Chinese financial regulators for putting too much priority on minimizing risk. He retreated from the public eye after the IPO’s suspension.
Jack Ma Story
A retired English teacher, Jack co-founded Alibaba Group, now one of the globe’s largest e-commerce businesses, in 1999. Jack stepped down as Alibaba’s executive chairman in 2019. Following approximately a year overseas, Jack returned to China in March 2023 just as Alibaba unveiled a plan to split itself into six businesses. Jack, who left China nearly a year ago and whose travels to Japan, Thailand, and Europe were tracked by media, made a surprise trip to a school in China the day prior to Alibaba announcing the group split.
Jack Ma Net Worth | Net Worth 2021 | Net Worth 2020 | Net Worth 2022
He gets his wealth from his work as a business magnate, investor, and philanthropist who is the co-founder of Alibaba Group, a multinational technology conglomerate. Therefore, Jack has accumulated a decent fortune over the years. Jack’s net worth is $25 billion.
Where Is Jack Ma
In March 2023, Jack appeared for the first time at the Yungu school in Hangzhou, China. Pictures and videos of Jack touring the school appeared on social media confirming the appearance of the billionaire for the first time in many months.
What Happened To Jack Ma
Jack largely disappeared from public view following giving a speech criticizing regulators on the eve of the scuttled Ant IPO but became periodically spotted abroad, like in Europe and Asia. Once the richest man in China, Jack’s personal wealth took a major hit during the tech selloff.
Where Is Jack Ma Now
He has reportedly been hiding out in Tokyo with his family during Beijing’s crackdown on the country’s star tech firms and its most powerful and wealthy business people,
Is Jack Ma Still Alive
Yes, Jack was spotted around the globe over the past two years and reportedly living in Japan for much of 2022.
Is Jack Ma Married
Yes, in 1988 he married Zhang Ying and together they have three children.
How Much Is Jack Ma Worth
Jack’s net worth is $25 billion due to his work as a business magnate, investor, and philanthropist who is the co-founder of Alibaba Group.
Is Jack Ma Still Missing
No, he is ‘alive’ and ‘happy,’ top exec says after China’s tech crackdown.
Jack Ma Social Media Account
Twitter – @JackMa