10 things you didn't know about Jack Ma

He is one of the most famous people in China and the owner of a retail empire well known all over the world because of the business he started from scratch Alibaba.

He is considered by Forbes to be the crown jewel of the Chinese business industry. Yes, today we're talking about Jack Ma.

He was born on the 15th of October 1964 in Hangzhou China but his real name is actually ma Yun. He took the first name Jack after corresponding with a pen pal that had a hard time pronouncing his real Chinese name.

He founded the Alibaba Group in 1999 which if you didn't know by now is a Chinese multinational e-commerce retail internet ai and technology conglomerate that has over 50,000 employees and more than 46.5 billion net worth.

So stick with us until the end to find out the 10 things you didn't know about Jack Ma. 

No 1.The name Alibaba comes from the Arabic language

A big part of any new product is the naming process. A good name will help it relate to customers penetrate the market and have its own place in the industry.

During one of his first visits to San Francisco Giacomo came up with the name Alibaba for his upcoming business and asked a few people what they thought about it, of course, most people know that it comes from the Arabian literature.

1001 nights and since the main character Alibaba was a kind man who helped people in his village. He thought it was the perfect name widely known and easy to spell to give his business.

No 2. Alibaba acquired Yahoo China in 2005

Yahoo China was launched on September 24th in 1999. The emailing platform intended to address the Chinese market and hope for the same success it had in other countries in 2005.

The Alibaba Group formed a partnership with Yahoo and managed to acquire the Chinese division with the domain browser and news later on in 2013 as a part of an agreement to buy back Yahoo.

Mail stake Yahoo stopped the technological support for China. Yahoo Mail service which turned out as a bad deal for Jack Ma and his business 

Yahoo China officially closed that same year and now users who still have the Yahoo email accounts are being mediated through other mailing platforms. Yahoo Mail in China had over a million accounts at the time officially.

No 3. Jack Ma starred in a kung fu movie with Jet Li

From this site

Everybody knows or then again has seen Jack Ma on the stage and meetings know he's a magnetic figure and likes to perform for his crowd.

He additionally happens to adore combative techniques and motion pictures and his long-lasting energy woke up under the arrangement of a kung fu film in 2017.

In the film, Jack Ma depicts a kung fu warrior and sets with the famous actor and this movie's producer Jet Li.

The movie was launched in 2017 during the double 11 shopping carnival and it's called Gong Shu Dao translated as gongs after Dao since.

The billionaire enjoys the spotlight so much in 2017. he didn't only perform in a movie but he also sang at a festival and danced for the annual baba anniversary. we must say at 53 he's still young at heart.

No 4. Jack Ma applied to 30 jobs and got rejected for all of them

From this site

Nobody would have guessed that Jack Ma would ever become as popular and as rich as he has he had potential and skills when he was young.

But also a long list of failures he got rejected for Harvard ten times and didn't get into hanging zoo College on his first attempt when it was time for him to get a job.

He faced again some more failures as he applied to 30 jobs and got rejected for all of them. The story he always enjoys sharing in the interviews is how he even got rejected by KFC.

His past has helped him to recount to an account of accomplishment and he continues saying that on the off chance that he could make it anybody could make it. He frequently says that in case you're not rich by 30 it's your deficiency.

No 5. His net worth is 46.5 billion dollars

Like most businessmen, Jack Ma is a self-made billionaire who started from nothing and now wants to give back to others his insight his cash and backing are regularly mentioned from many individuals.

Everywhere throughout the world running Alibaba Group, Jack Ma figured out how to accumulate a fortune of more than 46.5 billion dollars.

Now Alibaba is the greatest internet business organization in China and one of the greatest on the planet. They additionally work online shopping websites like Aliexpress Taobao and small his fortune is the equivalent of 2.9% of existing-home sales in the USA.

No 6. His business is full of scammers and fake products

Alibaba is often viewed by people as a business that provides the perfect place for scammers and fake products. Everyone knows that China makes dupes out of every hyped and famous product since a lot of factories are based.

Taobao a website owned by Alibaba back on to a list of notorious counterfeit platforms that also included the famous piracy site

No 7. He claimed that fake products are better than the original ones

China is the greatest phony item producer in the world and they are not afraid of copyright issues or branding Apple Gucci and Nike they've all suffered from fake products made in China.

In an interview, Jack Ma who owns a lot of websites that sell fake products stated that some fakes are actually better than the original ones for the price.

They offer after the statement all the media went crazy and accused him of supporting counterfeits and promoting fraud.

He later claimed that he did not mean to say that and that he was misquoted well we're pretty sure his fortune buys him all of the original products he wants anyway. 

No 8. Alibaba invests in AI technology but its owner thinks it's bad for humans

We all know by now that AI technology and robots are the future. They'll replace a lot of the jobs people struggle with making them faster and better sounds.

But all the tests show that it's possible Alibaba like Facebook and other companies are investing their money into AI in order to make customer service and shipping faster and better Ali Baba.

AI called squad outperforms humans and has a great perspective for the future. What is more interesting is that the founder of the company Jack Ma stated that a ton of time's that AI and robots are really a danger for people. 

No 9. He wants to donate money to environmental causes

More people try to donate money and help NGOs to save the oceans the forests and make life on Earth more desirable and more livable rich people often invest their money into health and humanitarian causes.

Jack Ma is no exception to this rule he announced in 2010 that Alibaba Group will donate 0.3% of annual revenues to environmental protection programs particularly on water and air quality it's good to see that people with money and influence are setting the example for all of us and investing in making this world a better place.

No 10. He bought a house in Hong Kong for 191 million dollars

That right 191 million dollars when you have as much money as Jack Ma do buy expensive things like cars and properties, is not problem money needs to be invested and luxury mansions or stock markets are usually what billionaires go for when choosing the path for their money.

Jack Ma is supposedly the owner of a million-dollar house in Hong Kong's richest neighborhood called the pick this area overlooks.

Hong Kong and is home to bankers expatriates business magnates celebrities millionaires and billionaires sources say that he bought the 191 million dollar home in 2015 and as you'd imagine the house is gorgeous probably very techie and the area it's built-in is a major tourist destination.