PHOTOS

Alibaba founder Jack Ma to leave the control of Ant Group; Read INSPIRING story of this rags-to-riches billionaire

Updated:Jan 07, 2023, 03:41 PM IST

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The Beginning of Jack Ma

Jack Ma was born in 1964 in a middle-class family in China. He worked as part-time travel guide for international English-speaking tourist so he could learn and speak English better. He later graduated in English and found a job as an English teacher.

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Jack Ma rejected from a job in KFC, Harvard

Ma applied for 30 jobs in his home city Hangzhou, China. When KFC came in his hometown, 24 people applied for the job in the MNC. All were selected but him. He also applied as a Harvard teacher but got the rejection.

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US trip changed everything

Jack Ma went to the United States with his friends. There he learnt about the computer. He realized the potential of the emerging technology and started working on it.

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Founded Alibaba Group in 1999

After experimenting with different business model, he founded the Alibaba Group as a business-to-business model, e-commerce platform.

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Become Asia’s richest person once

The Alibaba Group expanded globally and diversified its business to not only remain an e-commerce site. It also included Financial giant Ant, which he has relinquished now. He was once Asia's richest man. Then he left the position of the head of the Alibaba Group.