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Jack Ma
Jack Ma | |||||||||||||||||||||||||||
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马云 | |||||||||||||||||||||||||||
_(cropped).jpg) Ma in 2018 | |||||||||||||||||||||||||||
| Born | 10 September 1964 Hangzhou, Zhejiang, China | ||||||||||||||||||||||||||
| Education | Hangzhou Normal University (BA) | ||||||||||||||||||||||||||
| Occupations |
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| Known for | Co-founder of Alibaba Group | ||||||||||||||||||||||||||
| Title | Co-founder of Yunfeng Capital | ||||||||||||||||||||||||||
| Political party | Chinese Communist Party[1] | ||||||||||||||||||||||||||
| Spouse | Zhang Ying | ||||||||||||||||||||||||||
| Children | 2 (a son and a daughter) | ||||||||||||||||||||||||||
| Chinese name | |||||||||||||||||||||||||||
| Simplified Chinese | 马云 | ||||||||||||||||||||||||||
| Traditional Chinese | 馬雲 | ||||||||||||||||||||||||||
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Jack Ma Yun (Chinese: 马云; pinyin: Mǎ Yún; born 10 September 1964) is a Chinese businessman and philanthropist. He is the (co-)founder of Alibaba Group, Yunfeng Capital and Jack Ma Foundation. As of November 2024, Ma's net worth was estimated at US$25.2 billion.[2]
After taking the gaokao three times, Ma earned a bachelor’s degree in English from Hangzhou Normal University in 1988 and was assigned as an English and international trade lecturer at Hangzhou Dianzi University. Interested in internet entrepreneurship since the 1980s, he founded his first business, Hangzhou Hope Translation Agency, in 1994.[3] The following year, he created the agency’s website and then resigned from the university to establish Hangzhou Hope Computer Services Co., Ltd., one of China’s earliest internet startups, which operated an online yellow pages service for Chinese companies. In 1996, Ma’s company was acquired by China Telecommunications Corporation. Following an unsatisfactory collaboration, he left the company the next year and went on to develop websites for China’s Ministry of Foreign Trade and Economic Cooperation. In 1999, he co-founded Alibaba Group, initially as a B2B e-commerce marketplace and later expanded into a multinational technology conglomerate.[4][5][6][7]
Ma has been regarded as a leading figure and global ambassador of Chinese business. His influence declined after Chinese regulators halted the anticipated IPO of his digital payments company, Ant Group, in 2020, following his criticism of China’s financial regulators for prioritizing risk control over innovation[8][9]. His move to Japan in 2022 marked his retreat from the public spotlight.[10]
- ^ "Alibaba's Jack Ma is a Communist Party member, China state paper reveals". CNBC. 27 November 2018. Retrieved 27 November 2018.
- ^ "Jack Ma". Forbes. Retrieved 6 November 2024.
- ^ "杭州海博翻译社...关于我们". www.haibofanyi.com. Retrieved 2 February 2025.
- ^ "Jack Ma Outlines Bold Vision For His Philanthropy Foundation". Forbes. 2 December 2019.
- ^ Murphy, Margi (8 September 2018). "China's richest man Jack Ma to stand down from Alibaba". The Daily Telegraph. Archived from the original on 11 January 2022. Retrieved 8 September 2018.
- ^ Chen, Lulu Yilun; Mackenzie, Tom (7 September 2018). "Billionaire Jack Ma prepares for life after Alibaba. He'll retire Monday, report says". Los Angeles Times. Retrieved 8 September 2018.
- ^ "Alibaba's Jack Ma, China's richest man, to retire from company he co-founded". The Economic Times. 8 September 2018. Archived from the original on 25 December 2018. Retrieved 8 September 2018.
- ^ "How billionaire Jack Ma fell to earth and took Ant's mega IPO with him". Reuters. 5 November 2020. Retrieved 23 November 2022.
- ^ Zhong, Raymond (6 November 2020). "In Halting Ant's I.P.O., China Sends a Warning to Business". The New York Times. ISSN 0362-4331. Retrieved 7 February 2023.
- ^ "Jack Ma flees tech crackdown to Tokyo in twilight of neoliberalism". Nikkei Asia. Retrieved 1 February 2025.
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