Name: Bhakti Madhukar Jadhav

Roll No.: M2109

Activity: ने तृत्व (Business Personalities and their achievements)
Topic: Jack Ma (Alibaba)

नेतत्ृ व

Jack Ma Yun - Co founder and Former Executive Chairman of Alibaba

Group

“Customers first, employees second and shareholders third”

Fr. C. Rodrigues Institute of Management Studies 2022 Sem 1

Company details:

 Alibaba Group Holding Limited, also known as Alibaba, is a Chinese multinational

technology company specializing in e-commerce, retail, internet and technology.
 Alibaba was founded on 28 June 1999 in Hangzhou, Zhejiang.
 The company’s name came from the character Ali Baba from the Middle Eastern
folk-tale collection One Thousand and One Nights because of its universal appeal.
 The company provides consumer to consumer (C2C), business to consumer (B2C),
and business to business (B2B) sales services via web portals, as well as electronic
payment services, shopping search engines and cloud
नेतत्ृ व computing services.
 It owns and operates a diverse portfolio of companies around the world in numerous
business sectors.
 Alibaba offers several services such as Alibaba.com, Alibaba Cloud, AliExpress,
AliOS, Alipay, AliGenie, Taobao, Tmall, Lazada, 1688.com, Daraz.

Achievements of the company:

 Alibaba is awarded the “National Advanced Collective in Poverty Alleviation” in

China.
 On 19 September 2014, Alibaba’s initial public offering (IPO) on New York Stock
Exchange raised US$25 billion, giving the company a market value of US$231 billion
and by far, then the largest IPO in world history.
 It is one of the top 10 most valuable corporations.
 It is named as the 31st largest public company in the world on the Forbes Global 2000
2020 list.
 In January 2018, Alibaba became the second Asian company to break the US$500
billion valuation mark, after its competitor Tencent.
 As of 2020, Alibaba has the sixth- highest global brand valuation.
 In 2020, Alibaba was also rated as the fifth – largest artificial intelligence company.
 It also set the record on the 2018 edition of China’s Singles Day, the word’s biggest
online and offline shopping day.

Fr. C. Rodrigues Institute of Management Studies 2022 Sem 1

Background of the Business Leader:

 Jack Ma was born in Hangzhou, Zhejiang, China.

 He began studying English at a young age by conversing with English speakers at
Hangzhou International Hotel.
 For nine years, Ma would ride 27 km on his bicycle to give tourists tours of the area
to practice his English.
 He became pen pals with one of those foreigners, who nicknamed him “Jack” because
he found it hard to pronounce his Chinese name.
 Ma struggled attending college and failed
नेतत्ृ व the entrance exam for the Hangzhou

Teachers College twice as his weak point was mathematics.

 After graduating from college, he applied to 30 different jobs and was subsequently
rejected by all of them.
 The Chinese entrance exams, held annually, took Ma three years to pass.
 Ma attended Hangzhou Teacher’s Institute and graduated in 1988 with a Bachelor of
Arts in English.
 In 2017, Ma made his acting debut with his first kung fu short film Gong Shou Dao.
 Jack Ma is the founder of Jack Ma Foundation, a philanthropic organization focused
on improving education, the environment and public health.
 In 2009, Jack Ma became a trustee of The Nature Conservancy’s China program.
 In 2013, Jack Ma stepped down from the position of CEO choosing Jonathan Lu as
his successor.
 On 10 September 2018, Ma chose Daniel Zhang to succeed him as the executive
chairman of the Alibaba Group after his stepping down announcement.

Fr. C. Rodrigues Institute of Management Studies 2022 Sem 1

Achievements of the Business Leader:
 In 2004, Jack Ma was honoured as one of the “Top 10 Economic Personalities of the
Year” by China Central Television.
 In September 2005, the World Economic Forum selected Ma as a “Young Global
Leader”.
 Fortune selected him as one of the “25 Most Powerful Businesspeople in Asia” in
2005.
 Businessweek also selected him as a “Businessperson of the Year” in 2007.
 In 2008, Barron’s featured him as one of the 30 “World’s Best CEOs”.
नेतत्ृ व
 In 2010, Ma was selected by Forbes Asia as one of Asia’s Heroes of Philanthropy for
his contribution to disaster relief and poverty.
 Ma was awarded an honorary doctoral degree by the Hong Kong University of
Science and Technology in November 2013.
 In 2015, Asian award honoured him with the Entrepreneur of the Year award.
 In 2017, Fortune ranked Ma second on its World’s 50 Greatest Leaders List.
 In 2017, a KPMG survey ranked Ma third in global tech innovation visionary survey.
 In July 2020, Ma received from King Abdullah II a first-class medal for his
contribution in fighting back against the COVID-19 pandemic.
 In August 2020, Ma was to receive from the President of Pakistan a Hilal e Quaid e
Azam medal for his contribution in fighting back against the COVID-19 pandemic.

Fr. C. Rodrigues Institute of Management Studies 2022 Sem 1