Jack Ma Yun (Chinese: 马云; pinyin: Mǎ Yún; born September 10, 1964) is a Chinese business magnate, investor and philanthropist. He is the co-founder of Alibaba Group, a multinational technology conglomerate. In addition, Ma is also the co-founder of Yunfeng Capital, a Chinese private equity firm. As of February 2024[update], with a net worth of $30.1 billion, Ma is the sixth-wealthiest person in China, as well as the 50th wealthiest person in the world, ranked by Bloomberg Billionaires Index.[2]
Born in Hangzhou, Zhejiang, Ma earned a Bachelor of Arts degree with a major in English upon graduating from Hangzhou Normal University in 1988. He became an English lecturer and international trade lecturer at Hangzhou Dianzi University following graduation. The rise and expansion of the software and personal-computer industries during the 1980s captured Ma's attention, prompting him to develop an interest in the nascent internet industry. Demonstrating such a propensity led him into the realm of internet entrepreneurship where he embarked on establishing his first business in 1994, subsequently resulting in the formation of a second company upon acquiring a deeper understanding of the internet's emergence and the promising commercial prospects it offered. From 1998 to 1999, he resigned from China Telecommunications Corporation, later starting the Alibaba Group with his colleagues in 1999. The company was initially founded as a B2B e-commerce marketplace website, yet the company later expanded into a wide range of industry domains across the Chinese economy, including e-commerce, high-technology, and online payment solutions.
In 2017, Ma was ranked second in the annual "World's 50 Greatest Leaders" list by Fortune.[3] He has widely been considered as an informal global ambassador in Chinese business circles, and has continued to remain an influential figure in the Chinese business community and scene of startup companies.[4] In September 2018, he announced that he would retire from Alibaba and pursue educational work, philanthropy, and environmental causes;[5][6][7][8] the following year, Daniel Zhang succeeded him as executive chairman.[9][10] In 2020, the Chinese government stopped plans for an IPO called for the digital payment solutions company Ant Group, a company that he founded, after he delivered a speech that criticized Chinese financial regulators for putting too much priority in minimizing risk.[11][12]
In 2019, Forbes Magazine named Ma in its list of "Asia's 2019 Heroes of Philanthropy" for his humanitarian and philanthropic work supporting underprivileged communities in China, Africa, Australia, and the Middle East.[5][13] In April 2021, Jack Ma ranked 26th in the "2021 Forbes Global Rich List" with a fortune of $48.4 billion USD.[14] In July 2021, Jack Ma led Alibaba Group to top the 2021 China Charity List with a total cash donation of 3.22 billion yuan.[15]
^"Alibaba's Jack Ma is a Communist Party member, China state paper reveals". CNBC. 27 November 2018. Retrieved 27 November 2018.
^"Bloomberg Billionaires Index: Jack Ma". Bloomberg.com. Bloomberg. Retrieved 19 June 2022.
^"Theo Epstein". Fortune. 23 March 2017. Archived from the original on 25 December 2018. Retrieved 14 February 2018.
^"How Alibaba's Jack Ma Is Building a Truly Global Retail Empire". Fortune. 2017. Retrieved 10 February 2021.
^ ab"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 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.
^Choudhury, Saheli. "Alibaba announces Jack Ma succession plan: CEO Daniel Zhang to take over as chairman in a year". CNBC. Retrieved 9 September 2018.
^"Jack Ma". Forbes. Retrieved 24 June 2022.
^"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.
^Chung, Grace. "Asia's 2019 Heroes Of Philanthropy: Catalysts For Change". Forbes. Retrieved 3 January 2020.
^"Forbes Billionaires 2021: The Richest People in the World". Forbes. Retrieved 24 October 2021.
^"第12届中国慈善排行榜揭晓 马云获称"中国首善"". world.hebnews.cn. Retrieved 23 August 2023.
JackMa Yun (Chinese: 马云; pinyin: Mǎ Yún; born September 10, 1964) is a Chinese business magnate, investor and philanthropist. He is the co-founder of...
The JackMa Foundation (JMF, established 2014) is the philanthropic foundation of Chinese businessman JackMa. In September 2018, Ma announced that he...
leaders", Ma is known for his low profile personality as compared to fellow Chinese businessman and Alibaba founder JackMa's outgoing personality. Ma has been...
collection One Thousand and One Nights because of its universal appeal. As JackMa, one of the founders, replied to Lorraine Hahn on TalkAsia: One day I was...
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original on 2 August 2019. Retrieved 2 August 2019. "A Brief History of JackMa, Alibaba and AliExpress". Alixblog. 23 March 2016. Archived from the original...
ranked by Forbes as the 6th-wealthiest person in the world. He surpassed JackMa, executive chairman of Alibaba Group, to become Asia's richest person with...
short film directed by Wen Zhang and produced by Jet Li. The film stars JackMa, Jet Li, Donnie Yen, Wu Jing, Tony Jaa, Jacky Heung, Asashōryū Akinori...
which they believe could be under threat of Chinese government censorship. JackMa stated that workers should consider 996 "a huge blessing" as there is no...
by JackMa (founder and former executive chairman of Alibaba) and David Yu (founder of Target Media). Yunfeng Capital was founded in 2010 by JackMa and...
During his tenure, he arranged meetings with business officials such as JackMa of Alibaba Group to encourage investments. On October 29, 2017, following...
Yihaodian, Nike China and Vancl, as well as Taobao and Tmall. In June 2011, JackMa, executive chairman and former chief executive officer of Alibaba Group...
JackManess is an American singer-songwriter, guitarist, and keyboardist. Maness began his career singing and playing guitar on Sublime's "Rivers of Babylon"...
sometimes I lose a lot of money', SoftBank's Masayoshi Son tells Alibaba's JackMa, retrieved 8 May 2023 "SoftBank Vision Fund Posts Record Loss Despite Masayoshi...
established by Sergey Brin, Priscilla Chan and Mark Zuckerberg, Ma Huateng, JackMa, Yuri and Julia Milner, and Anne Wojcicki. Committees of previous...
improvements in shopping experience. In June 2011, Alibaba Group Chairman and CEO JackMa announced a major restructuring of Taobao through an internal email. It...
COVID-19 pandemic in 2020, Pacquiao worked with Alibaba Group co-founder JackMa to help bring to the Philippines 50,000 COVID-19 test kits through their...
these songs is a duet with Alibaba co-founder JackMa titled “Feng Qing Yang” (風清揚), the theme song for Ma’s short film, Gong Shou Dao. She also attends...
Kong films in 2017. In 2017, Yen received a call from Li and Alibaba CEO JackMa about a potential collaboration on a short martial arts film known as Gong...
first met JackMa in 1999 in Hangzhou after being introduced by a friend who was trying to sell his own company to Ma. Tsai was impressed with Ma's idea to...
guitarist Jack Freeman, who joined 2012. The band name is derived from a satirical compound of the word "jaguar" and Jono's surname. In 2013, Jagwar Ma signed...
in online payments is Alibaba Group's Alipay. Alibaba company founder JackMa considered the red envelope feature to be a "Pearl Harbor moment", as it...
research in biomedical science, agriculture, and food." Duan Yongping JackMa Yiming Zhang In this Chinese name, the family name is Huang. Cannon, Christopher...
appoint Yang as interim CEO. Yang met Alibaba founder JackMa in 1997 during Yang's first trip to China. Ma, a government-employed tour guide and former English...
including the Chinese Nationalist leader Chiang Kai-shek and entrepreneur JackMa. Zhejiang consists of 90 counties (incl. county-level cities and districts)...
established in Hangzhou, China in February 2004 by Alibaba Group and its founder JackMa. In 2015, Alipay moved its headquarters to Pudong, Shanghai, although its...
startups in China to find local angel investors. Entrepreneurs, such as JackMa of Alibaba Group and many others, needed to raise funds from Softbank,...
multinational conglomerates. This includes Alibaba’s JackMa, Tencent's Pony Ma and Ping An Insurance's Mingzhe Ma. Together, the three businessmen created the...
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