Mar 092016

Jack Ma Speech

From Wikipedia: Jack Ma or Ma Yun is a Chinese business magnate and philanthropist. He is the founder and executive chairman of Alibaba Group, a family of successful Internet-based businesses. In 1994, Ma heard about the Internet. In early 1995, he went to the US and with his friends’ help he got introduced to the Internet. During his first encounter he searched the word “beer”. Although he found information related to beer from many countries, he was surprised to find none from China. Further, he tried to search for general information about China and again was surprised to find none. So he and his friend created an “ugly” website related to China. Within five hours of creating the website he had received emails from some Chinese wishing to know about him. This is when Ma realized that the Internet had something great to offer. In April 1995, Ma, his wife and a friend collected $20,000 and started an Internet company. Their company was dedicated to creating websites for companies. He named their company “China Yellow Pages.” Within three years, his company had made 5,000,000 Chinese Yuan which was equivalent to U$800,000.

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