Topic Reading-Vol.2717-9/19/2019

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Topic Reading-Vol.2717-9/19/2019

英語で世界を知ろう！Topic Reading

2019/09/19 Topic Reading-Vol.2717-9/19/2019

Topic Reading-Vol.2717-9/19/2019

Dear MEL Topic Readers,

Internet magic: A look back at Jack Ma at Alibaba

He’s one of the world’s greatest Internet tycoons. Jack Ma, an ex-English teacher in China, crated Alibaba in 1999 in Hangzhou, China. The e-commerce giant opened Taobao, the online shopping platform in 2003, created Alipay, an online payment platform, and launched 11.11 sales event in 2009. The company raised $25 billion by an IPO, Initial Public Offering, in New York Stock Exchange in 2014. Alibaba groups provide consumer-to-consumer (Taobao), business-to-consumer (Tmall), and business-to-business (Alibaba.com) sales services via web portals, as well as electronic payment services, shopping search engines, and cloud computing services. Though often compared with its US rival, amazon, Alibaba isn’t involved in direct sales or doesn’t own any warehouses. They simply help small businesses and merchandisers reach consumers.

The founder and chairman of Alibaba, 马云 (Ma Yun), more known as Jack Ma around the world, completely retired from the company on his 55th birthday.

When he was young, he applied for 30 different jobs and got rejected by all. He also applied Harvard Business School ten times and rejected. Neither the employers nor admission officers noticed his potential contribution or donation.

Now, what will he do? Will anyone decline his application?

Enjoy learning a brief history of one of the most successful and influential Internet business entrepreneurs.

http://www.chinadaily.com.cn/a/201909/10/WS5d7580e9a310cf3e3556a5ca_1.html

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