The House That Jack Ma Built
In this article, I’m going to present you a book that inspired me a lot. It is “Alibaba, The House That Jack Ma Built.”
I. Jack Ma
To begin with, who is Jack Ma? Jack Ma is none other than one of the most powerful men in the world: the founder of Alibaba.
He created a name for himself in 1994 with his first company: Haibo Translation Agency; a translation agency. He doesn’t want to stop there. Full of ambition, Jack Ma wants to reduce the delay of his country in the conquest of the Internet. He then created Alibaba Group. No need to describe Alibaba to you, it is today one of the most successful companies in the history of e-commerce.
II ” Alibaba, The House That Jack Ma Built
Let’s now focus on Duncan Clark’s book, “The Incredible Story of Jack Ma”. Released in 2017, Duncan Clark, businessman, entrepreneur and investor wanted to tell us about the particular success story of Alibaba.
This book aims to:
- Trace the biography of Jack Ma, the Chinese billionaire
- Tell the story of Alibaba
- Describe the development that China has gone through in the last decade
We will mainly focus on the history of Alibaba. Te aime is to understand the role that the group has played in the development of the country.
It is following a trip to the United States in the late 90s that Jack Ma connects for the first time to the Internet and understands that China is not integrated in the digital world and wants to offer a solution.
Alibaba, created in 1999, aims to connect professional buyers and sellers before offering other services such as CtoC transactions or the avant-garde Alipay payment solution. On this path to success, Alibaba was listed on the Hong Kong stock exchange in 2007 and on the New York one in 2014.
However, we cannot count only successes in the history of Alibaba. The company had to overcome obstacles such as difficulties in finding competent employees, not really visible results, the power of the government making it impossible to implement all the wishes of Jack Ma or even a development in the midst of economic crisis.
All these reasons almost pushed Jack Ma to leave Alibaba and to go back to his teacher status. However, he never gave up on his company.
We note that today Alibaba is the fourth largest company in the world in terms of cloud and employs more than 100 000 people worldwide.
III. Alibaba’s role in China’s development
Alibaba was created at the end of the 90s, at that time China is far from being a major player in the economy, on the contrary it is lagging behind. Internet access was complicated and Jack Ma saw the opportunity of the digital world.
He proposes an economy in China, a modern economy proposing consumption via the Internet, without sales point: an advance in the country. Indeed, when Jack Ma proposes such a model, nobody believes in the Internet and the role it can have in today’s society.
Jack Ma comes back from the US and proposes an economic model based on a service unknown by the Chinese. The latter do not know the Internet, their deductions are great.
Jack Ma offers by Alibaba Group, a new way to see the world, a world offering many opportunities such as digital consumption, online payment and many other services. Chinese consumers are very receptive to this mode of consumption and it keeps growing at a crazy pace.
Without Alibaba, China would not have had such an exponential development and would not be so present in the globalization. Today, China is an example of technology.
Thank you for your read.
Source : The House That Jack Ma Built