He’s the richest man in China and, according to the Bloomberg Billionaires Index, the 19th richest in the world. Now Jack Ma, 54, is stepping down as executive chairman of e-commerce giant Alibaba to return to an old job: teaching school.Money magazine has a quick biography of Ma and how he grew Alibaba “from a website run out of his apartment to one of the biggest tech companies in the world.” The company is now worth $420 billion, and Forbes says Ma has a net worth of $35.1 billion.Ma grew up in a family with little money in the eastern city of Hangzhou. He twice failed his college entrance test and was rejected for many jobs, including ones at KFC, as a police officer and as a waiter. He eventually found work teaching English and, in 1999, started Alibaba with about $60,000 invested by 17 friends. Read Money’s full story.Climate change a concern of billionaires group, not Trump advisers. . . . . . .Drew Broach covers Jefferson Parish politics and education, … [Read more...] about Jack Ma, China’s richest man, is quitting $420 billion company to be a schoolteacher: report
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Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By Danielle Paquette Washington Post September 20, 2018 BEIJING — Chinese technology titan Jack Ma emerged from a meeting at Trump Tower last year with a bold promise: His e-commerce giant Alibaba would help Donald Trump create a million American jobs.But now Ma has retracted the pledge, saying the escalating trade war has wrecked it.‘‘The promise was made on the premise of friendly US-China partnership and rational trade relations,’’ the celebrity billionaire told Chinese state media Wednesday. ‘‘That premise no longer exists today, so our promise cannot be fulfilled.’’ Advertisement Analysts say this retraction would have been a loss for America’s workforce — if Ma’s offer had been serious in the first place. Get Talking Points in your inbox: An afternoon recap of the day’s most … [Read more...] about Jack Ma scraps his pledge to create million US jobs
Danielle Paquette, The Washington Post Published 4:18 am CDT, Thursday, September 20, 2018 Jack Ma, chairman of Alibaba Group Holding Ltd., during a Bloomberg Television interview on the sidelines of the Xin Philanthropy Conference in Hangzhou, China, on Sept. 5, 2018. Jack Ma, chairman of Alibaba Group Holding Ltd., during a Bloomberg Television interview on the sidelines of the Xin Philanthropy Conference in Hangzhou, China, on Sept. 5, 2018. Photo: Bloomberg Photo By Qilai Shen. Photo: Bloomberg Photo By Qilai Shen. Image 1 of / 1 Caption Close Image 1 of 1 Jack Ma, chairman of Alibaba Group Holding Ltd., during a Bloomberg Television interview on the sidelines of the Xin Philanthropy Conference in Hangzhou, China, on Sept. 5, 2018. Jack Ma, chairman of Alibaba Group Holding Ltd., during a Bloomberg Television … [Read more...] about Jack Ma scraps his pledge to create million U.S. jobs. But was it ever serious?
Business 19 September 2018 Share this with Facebook Share this with Messenger Share this with Twitter Share this with Email Share this with Facebook Share this with WhatsApp Share this with Messenger Share this with Twitter Share Share this with These are external links and will open in a new window Email Share this with Email Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp LinkedIn Share this with LinkedIn Copy this link https://www.bbc.co.uk/news/business-45579137 Read more about sharing. These are external links and will open in a new window Close share panel Alibaba founder Jack Ma, who once boasted his e-commerce firm would spur the creation of one million jobs in America, has rowed back on … [Read more...] about Jack Ma rows back on US jobs pledge
Long before he became China’s most globally prominent business figure, Jack Ma was just an English teacher trying to convince his friends they would one day buy things over the internet. His vision changed China. As Ma makes plans to leave Alibaba Group Holding next year so he can focus on philanthropy and education, his legacy will be an enduring one. He did far more than create and build an e-commerce juggernaut into the most valuable company in Asia, impressive as that may be. He showed that an innovative private enterprise could thrive under a Communist Party regime once hostile, and still at times suspicious, of ambitious capitalists. To a remarkable degree, his pathbreaking success created a model that gave rise to a technology industry that rivals Silicon Valley, propelling a Chinese economy on track to eclipse that of the U.S. Jack Ma Title: Executive chairman, Alibaba, which he founded in 1999 Age: 53 Education: Hangzhou Teachers College Early job: English teacher Total … [Read more...] about How Alibaba’s Jack Ma became the role model for China’s startup generation