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7 Mindblowing Facts About The Man Behind The Largest IPO In The World

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For those people who don’t know the meaning of IPO; It means ” Initial Public Offering.” It’s done by smaller companies to expand capital or can be done by larger companies who want to be traded publicly.

When it comes to The Online E-commerce Business, we get to hear famous names like Amazon, Flipkart, Snapdeal.etc?Jack Ma is the founder of the Alibaba Group which operates in China.

Alibaba group is one of the largest groups in China, and it even owns shares of few important brands in India.

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FILE PHOTO: Jack Ma, chairman and then-chief executive officer of Alibaba Group Holding Ltd., laughs at a news conference in Hong Kong, China, on Tuesday, Nov. 6, 2007. Alibaba, which rode China’s emergence as an economic superpower over the last 15 years to become a massive online marketplace for everything from forks to forklifts, filed today for what could become the largest U.S. initial public offering ever. Photographer: Daniel J. Groshong/Bloomberg *** Local Caption *** Jack Ma

Today, we’ll discuss some hidden facts and secrets about Jack Ma; the founder of Alibaba Group.

1) Life Filled with Failures

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He applied for admission to in Hangzhou Normal University, but he eventually was rejected a seat all the time. He has even Rejected a job at KFC.

2) The way he learnt English

jack ma

He didn’t know English so, he woke up early in the morning and went out to talk to foreigners and polished his skill there.

3) He was Kidnapped

Jack Ma, chairman of Alibaba Group Holding Ltd., gestures as he speaks at SoftBank World 2014 in Tokyo, Japan, on Tuesday, July 15, 2014. As SoftBank Corp. Chief Executive Officer Masayoshi Son pushes for a takeover of T-Mobile US Inc., the Japanese billionaire is asking banks to commit financing for a longer-than-usual amount of time, underscoring the intense regulatory review he faces. Photographer: Kiyoshi Ota/Bloomberg *** Local Caption *** Jack Ma

Yes, Guys, It’s true. While he was on a trip to U.S for the first time, he was abducted by a businessman in Malibu. The businessman threatened him and even took him for captive.

So the Businessman takes him to Vegas. Where Ma left with no money, bets on the machine and earns $600. He later escaped and went to the airport to catch a flight to his friend’s home using the Slot’s money.

4) When Jack Ma First Discovered the Internet

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In 1995, when he visits his friend in Seattle; he finds a small box-like structure, which he learns to be a Computer. He later starts exploring The World Wide Web. It Inspired him to create his first venture “China Yellow Pages.”

5) He Loves Dogs!

Jack Ma is an Animal lover. He also owns a pet dog named Apollo which is an Alsatian.

6) He leads his company by not leading at all.

In an interview when asked about how he manages the company, He replies:

“In Taoism, the best leadership is not leading at all. No teachers want their students to fail. So I never steal the spotlight from the newly hired young people. If someone warns me about an employee who is trying to overstep me, I reply that I’m a teacher and that’s the way it should be.”

7) He was called Crazy and Mad for Starting Alibaba

Alibaba founder Jack Ma gives a thumbs-up as he arrives to speak to investors at an initial public offering roadshow in Singapore September 16, 2014. Alibaba Group Holding Ltd raised the price range on its initial public offering to $66 to $68 on Monday, reflecting strong demand from investors for the year’s most anticipated debut and potentially the world’s largest-ever IPO. The Chinese e-commerce company, which handles more transactions than Amazon.com Inc and eBay Inc combined, has attracted investors keen to buy into the country’s rapid growth and its evolving Internet sector. REUTERS/Edgar Su (SINGAPORE – Tags: BUSINESS SCIENCE TECHNOLOGY) – RTR46D5G

He founded Alibaba in 1999 in his one bedroom apartment.

“I gave a speech at Harvard in 2002. After my talk, a CEO from a foreign company said that I was a mad man. He said he had been in China for many years, and didn’t believe that my way of managing a company would work. I invited him to visit Alibaba. After a three-day stay, he said, ‘Now I understand. Here you have 100 mad men just like you.’ ”

Alibaba now has the largest IPO ever in the history of United States valuing at $25 billion.

 

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