Jack ma enters energy storage

Who is Jack Ma?

After telling the World Economic Forum “If you want to change the world change yourself”, Jack Ma was a clear winner of Sustainability’s issue one legend. Born in 1964 in the city of Hangzhou, China, Ma developed a skill for the English language, which he practised with tourists, but struggled with mathematics.

What was Jack Ma's first job?

Before he became a coding enthusiast, Jack Ma had started a translation business. He had no experience with computers or coding, but he was captivated by the internet when he used it for the first time during a trip to the US in 1995.

How much is Jack Ma worth?

Jack Ma is a true rags-to-riches story. According to Forbes, he is worth an estimated $29 billion, which includes his 7.8% stake in Alibaba and a nearly 50% stake in Alipay.

Is Jack Ma's life story a rags-to-riches tale?

Jack Ma's life story is indeed a true rags-to-riches tale. He grew up poor in communist China, failed his university-entrance exam twice, and was rejected from dozens of jobs, including one at KFC, before finding success with his third internet company, Alibaba.

Does China still need Jack Ma?

Although China preferred to crack down on Alibaba, the country still needs Jack Ma. He is a very significant financial figure in the country despite everything. China must have known that intervening too much in his business may also damage them economically by causing other companies to flee or recede from the Chinese market.

How did Jack Ma start 'Alibaba'?

After two failed ventures, Jack Ma gathered 17 of his friends in his apartment and convinced them to invest in his vision for an online marketplace he called 'Alibaba'. The site allowed exporters to post product listings that customers could buy directly.