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Alibaba Reaction Paper

In: Business and Management

Submitted By johary
Words 1293
Pages 6
Alibaba Reaction paper
Hary Gilles

Business 101-002

Victor Hugo (02/26/1802 – 05/22/1885), recognized as the most influential French Romantic writer of the 19th century and as also the greatest French poet, once said:
“One can resist the invasion of armies; one cannot resist the invasion of ideas. .... Nothing is stronger than an idea whose time has come. “
If there is a quote that can best describe “Alibaba” the company, it is this one previously mentioned. As we will try to demonstrate in this paper, Jack Ma has proven to everybody that he is a great leader, a great motivator, an intelligent marketer, and above all, a great visionary. In this business, he started as an ordinary man by building websites for Chinese companies with the help of friends in the US, and in 1995, he founded China’s Yellow pages, widely believed to be China’s first Internet-based company. From 1998 to 1999, he then became the head of an information technology company established by “China Electronic Commerce Center”. In 1999, he founded Alibaba which presently has over 79 million members – hundreds of millions of users and merchants. Businesses using ALIBABA are counted by the millions, from more than 240 countries and territories. In September 2014, the world has witnessed what has become the largest listing in the U.S. history of the stock market. This company has raised $25 billion for its IPO (Initial Public Offering), overtaking VISA’s $19.7 billion 2008 IPO. How did the company board of Directors manage to do that? It is worth noting that in 1992, Jack Ma, the CEO and founder of this company, then an English teacher in Hangzhou, China, needed to borrow $4,000 to start his first business: a “Translation Agency”, but he could not find the money. Today, he’s worth $21 billion. Let’s look at the facts.

Alibaba Group Holding Ltd. founded by Chung Tsai

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