[2/3] Alibaba: The House That Jack Ma Built (Alibaba. The history of the world ascent from the first person) (Category Management)

Continue. posture About the way of Jack Ma and Alibaba I will briefly tell about the rest of the chapters

3) From student to teacher This chapter tells about Jack’s path, how he fanatically learned English as a child and worked as a free guide for foreign tourists. This led him to meet an Australian family who helped him. Later, Jack was unable to pass exams due to fatal problems with mathematics, which prevented him from entering the top universities of Beijing or Shanghai. So he enrolled at Hangzhou Pedagogical University and began to study as an English teacher. At the university, he showed his leadership skills and became chairman of the student council, and after graduating from university he became a lecturer at the university. He later taught additional courses in English and many of his students later joined his team when he started his companies. 4) "Hope" and a trip to America - 1994 Jack created his own translation agency, which did not bring him much money, but allowed him to go to America and watch the start of the Internet movement. That's when he realized he had to catch that wave. 5) China is getting in touch And he started catching it with China Pages, which were just pages describing Chinese companies that sell goods or provide services. These China Pages were created and hosted outside of China, where you couldn’t even open them in the beginning because there was no internet. This company didn't fly much, and then there was a big state investor who pushed Jack out of the case. 6) Bubble and birth After leaving China Pages, Jack works for the government for a couple of years, while portals like Yahoo, then king of the West, are launched in China. These portals were called Sina, Sohu. (Originally Sohoo), as well as NetEase. In 1999 The year Jack founded his company Alibaba, which focuses not on portal building, but on b2b sales. This is quite fresh, but does not fit into the accepted framework, so Jack is quite difficult to find investors. But everything changes China.com - the launch of a dummy company in the West, which in the dot-com era collects a full bank, but has nothing behind it. This leads to other Chinese companies getting an investment boost. 7) Investments by Goldman and Softban k For Alibaba, this boost comes through investments by Goldman Sachs, and then the connection of Masayoshi Son and his SoftBan. k (He wasn’t just making money, he was making money.). With this money, Alibaba planned to turn around and even opened in the end. 1999 year of its IT division in California The bubble burst and the return to China – but then the dot-com crash and the generous investment ended. The RnD center from California returned to China, and Alibaba, with its free ad strategy, burned investors’ money and believed that investing the winter would end before money:)

End of review in next post.

#Management #Leadership #Bigtech #BusinessStory #Processes