...Alibaba, Jack Ma, who took the business world by storm with the largest IPO, exceeding the amount of 20 Billion dollars (CNBC, 2014). Despite being born in an underprivileged family, Jack Ma’s strong will to achieve his goals lead him to become one of the richest man in the world. Jack Ma’s success story is an inspiration to young adults, as it reinforces that dedication and hard work is the key to success. Jack Ma was born on 15th October 1964, in Hangzhou, China. He grew up in communist China with two siblings and strict parents (Stone & D’onfro, 2014). According to an article in Business Insider, Jack Ma often got into fights while growing up and he was never afraid of his opponents (Stone & D’onfro, 2014). He grew up during China’s cultural revolution and did not have the privilege to learn English. However, as China was opening up to the West, he saw an opportunity to learn English from the tourists who were visiting China. Every morning Jack Ma rode his bike for Forty minutes to get to the nearest tourist spot, so that he could learn English from the foreigners in exchange for a city tour. His dedication to learn English paid off, when he finally became an English teacher, after being rejected from KFC and dozens of other jobs (Stone & D’onfro, 2014). Life after High school was not any easier for Jack Ma. He flunked twice in the entrance exam, but he had a strong will to attend college in order to become an English teacher. So, Jack Ma worked hard for...
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...Myths: Meritocracy-Everybody gets what they deserve monoculture one big system and we’re all in it together and experiencing it the same way manifest destiny- god wanted white people to take all the land in the US away from those who once held it white moral superiority- whites are so good white racelessness- whites don’t have a race, we’re “normal’ and race means other than white white privilege- system of advantages based on race- more trusted, empowered, rewarded-unearned advantages of being white- no shame blame guilt or anger for being white- privileges- school promotes success, dr’s treat you, nobody thinks you’re stealing system is unjust such relief in trust we didn’t create the systems but we can change the way we view race base how you feel about race and other systems of your life- taught not to see systems blame shame guilt or anger if you feel about race rather than use your own life to allow you to make your own mind up Peggy McIntosh is the associate director for the Wellesley Centers for Women and a very passionate anti-racism activist. McIntosh has a lot of knowledge and wisdom in the fields of race and gender, and does a great job of exemplifying this in the video. McIntosh speaks of several myths about race, unearned advantages that the white race has, and also speaks on the different thoughts and emotions felt by society in regards to race. The first myth, meritocracy, states that everybody simply gets what they deserve...
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...Sessions 1 & 2 – 1) My key learned points (Max. three): ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- 2) As a result to these learning points, in my setting: I will start to: ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- I will Forget to do: ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- I will Continue to do: ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- 3) Others Ideas: ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- Sessions 3 & 4 – 1) My key learned points (Max. three): ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- 2) As a result to these learning points, in my setting: ...
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...Ma was born in Zhejiang Province, China, in 1946. Ma taught himself English and graduated from Hangzhou Teacher's institute in 1988. Jack Ma is the CEO of Alibaba Group, the Chinese leader in e-commerce with counts five companies specialized in online shopping as Tabao.com, the second global site behind eBay and Yahoo China, the search engine and portal bought by Yahoo in 2005. In his younger years, Jack Ma was a tour guide; his excellent command of English and his perfect knowledge of the province of Hangzhou where he comes from allow him to be really good in this job. Graduated from Hangzhou Teachers' Institute in 1988, Jack Ma taught for some time before creating a translation agency that knows a big success thanks to U.S. and foreign companies who move in China. During a trip he made in the USA as an interpreter, Jack Ma discovers computers and internet. Fascinated, he ordered to a friend a website for his translation agency. Back in China, he borrowed $ 2,000 from friends and launched the website China pages, considered as the first commercial website in the country. The site has difficulties to find its business model and stops. Jack Ma got a job at the Ministry of Foreign Trade, a position which enabled him in 1998 to meet Jerry Yang, co-founder of Yahoo. Jack Ma really wants to invest in the web. He managed to borrow $ 60,000 for the launch of Alibaba.com in 1999. Quickly, the company is a leader in the sector of business-to-business (B2B). The credibility...
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...Case Study: Should Alibaba Group Centralize? Jack Ma founded the technologically evolving and economically progressing business, Alibaba Group. Ma saw the potential of the Internet early on and created a multifaceted conglomerate, capturing a business market at its foundation. His goal was to provide a simple, efficient e-commerce platform and now holds half of the B2B in China. Wherever there was a need, Ma would adapt and create different business units to effectively provide the service. Alongside online trading, Ma provided a platform for retailers, individuals, payment services, management solutions, and an entertainment portal. Alibaba Group developed synergies within the units and subsidiaries to coordinate ideas, spread resources, and develop additional units to complement each other. He down streamed manufacturers provided a cheap storefront and added value services (such as keyword bidding and commission based sales). His model was unlike any other at the time. This kind of consolidation, led to competition among the subsidiaries. This kind of competition, however, has inspired efficiency and differentiation. Ma promoted collaboration and created cross-business and cross-functional teams. The business units also did not depend on large teams but rather channeled its focus on engineering and customer service. By the mid 2000’s, China had transitioned into a primarily private economy—which ultimately brought the nation to an economic boom. By 2009, 70% of Alibaba...
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...hand-in-hand. Every year we change 'the organizational structure in tandem with changes in strategy. Jack Ma, Chief Executive Officer of Alibaba Group, stared through the fog at the cable stays of the Hangzhou Bay Bridge whistling past on his drive to the offices of Taobao ("hunting for treasures"), Alibaba's online marketplace for Chinese retailers and consumers. The longest transoceanic bridge in the world had a long gestation period: the feasibility studies took a decade. and even after their approval the plans changed to connect the northern end of the bridge to Jiaxing, rather than the Jinshan suburb of Shanghai as initially planned. When the bridge was opened to the public just over a year earlier, in May 2008, it cut the trip between the cities of Ningbo and Shanghai and southern Jiangsu province from 400 kilometers (km, equivalent to 249 miles) to just 80 km (50 miles), boosting economic integration and development in the Yangtze River Delta, which was home to 72.40 million people living in almost 100,000 square km of land comprising Shanghai, Zhejiang province, and Jiangsu province.? Ma couldn't help but smile to himself as he thought of the obvious similarities between the Hangzhou Bay Bridge and the Alibaba Group of companies. Just as the proposed bridge changed form as its plans progressed, the Alibaba Group evolved over an equally long period from its founding by Ma and a small group of friends in 1998, to the point where it now captured approximately one half of business-to-business...
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...Alibaba Group is a Hangzhou-based e-commerce/e-auction company, specializing in global trading. It was founded in 1999 by Ma Yun (Jack Ma), and operates five e-commerce sub-companies which operate different aspects of trading. Employees 4,400 (June 30,2007). As of January 2009, the Alibaba Group is made up of 6 sub-companies: 1. Taobao.com: Online auctions web site for customers. 2. Alipay: Online payments web site, processing mainly payments within China. 3. Alisoft: Provider of web services to the Chinese Small and Medium-sized Enterprise market place. 4. Alimama: Online advertising exchange, which allows web publishers and advertisers to trade online advertising inventory. 5. China Yahoo ! As a powerful portal with excellent searching engine, it provides high- quality basic application services for internet users including email, IM, information services and so on. 6. Koubei.com: China's largest communities for exchanging basic life information such as that on clothes, food, housing and travel. In 2009, Alibaba Group employed nearly 17,000 people, 70% worked in Alibaba’s B2B business. CRITICAL SUCCESS FACTORS 1. Clear Strategy To be the best e-business website not only in China, but also all over the world is the mission of Alibaba Corporation. The clear strategy is the beginning of the team of Ma Yun and the highest demand of all the team members. The right strategy born with the right period of e-business development in...
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...provides business to customer and customer-to-customer sales and services via online. Electronic payments, cloud-computing services that are data centric and search engines for shopping are also included in Alibaba’s services. Jack Ma is a very successful person that brings up the whole company with Penh Lei, also known as founders of the company. Being an English teacher, which is lacked in computer knowledge, Jack Ma made up for this weakness with his vision. Jack and 17 of his friends launched Alibaba in 1999. By right, Alibaba Group is more successful than eBay and Amazon when put together. Srikanth An. (2015, June 25).Jack Ma- The Inspirational Story of Alibaba Founder. Retrieved from http://www.shoutmeloud.com/jack-ma-alibaba-founder.html In 2012, two thresholds of Ali Baba Group handled sales of almost $170 billion. Though the company was started in the year 1999, the group started earning profits only from the year 2001. Jack Ma was CEO of the group till 2013. Lacking the technical knowledge, Jack was never a typical CEO. Jack is the main pillar of Alibaba who presently acting as the chairman of the group. But the present CEO is Jonathan Lu. In September 2014, Alibaba’s first IPO took the US markets by storm. It boosted founder Jack Ma to become China’s Richest Man. Over 231 million customers spent a figure of $248 billion on Alibaba’s web portals in 2013. This is much more greater sales than eBay and Amazon when combined. Jonathan Lu, the CEO of Alibaba was quoted...
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...ALIBABA Group Holding Brief History. Alibaba cooperation is a global wide Internet company founded by Jack Ma, Chinese name Ma Yun.Although Alibaba was founded in 1999, the story of how the company came to be actually dates back to 1995, when Jack Ma was on a trip to the U.S. and first became exposed to the Internet. As the story goes, he tried searching for the word "beer" on Yahoo but the search results did not turn up a single Chinese option. In fact, he could hardly find anything about China on the Internet at all. After returning home, he founded a company called China Pages - a directory of various Chinese companies looking for customers abroad. China Pages was a flop. But a few years later, Ma took another stab at an Internet business. With a group of 17 friends and $60,000 of funds, Alibaba was born. [Baidupedia Web] Within only 15 years, Alibaba became the largest e-commerce company in the world, with approximately $300 billion in annual gross merchandise volume ("GMV") - or nearly 1.5 times the combined GMV of Amazon and eBay. In fact, more than three out of every four dollars spent online shopping in China goes through its platform, which should come as no surprise given that Alibaba's user base is nearly equal to the entire population of the U.S. Alibaba's "ecosystem" is made up of three leading Chinese online retailing platforms: (1) Taobao.com, China's largest online C2C shopping site; (2) Tmall.com, China's largest third-party...
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...Traded as | NYSE: BABA | Founded | 4 April 1999; 17 years ago Hangzhou, Zhejiang, China | Headquarters | Hangzhou, Zhejiang, China | Area served | Worldwide | Founder(s) | Jack Ma | Key people | * Jack Ma (Chairman) * Daniel Zhang (CEO) * Joseph Tsai (Executive vice-chairman) | Industry | Internet | Products | E-commerce, Online auction hosting, Online money transfers, mobile commerce | Services | Online shopping | Revenue | CN¥76.204 billion (2015)[1] | Operating income | CN¥22.716 billion (2015)[1] | Net income | CN¥24.261 billion (2015)[1] | Total assets | CN¥255.434 billion (2015)[1] | Total equity | CN¥146.097 billion (2015)[1] | Employees | 34,985 (March 2015)[2] | Subsidiaries | Guangzhou Evergrande Taobao F.C., Taobao, Tmall,UCWeb, AliExpress | Slogan(s) | Global Trade Starts Here | Website | alibabagroup.com | Alibaba Group | Simplified Chinese | 阿里巴巴集团 | Traditional Chinese | 阿里巴巴集團 | [show]Transcriptions | | Alibaba Group Holding Limited is a Chinese e-commerce company that providesconsumer-to-consumer, business-to-consumer and business-to-business sales services viaweb portals. It also provides electronic payment services, a shopping search engine and data-centric cloud computing services. The group began in 1999 when Jack Ma founded the website Alibaba.com, a business-to-business portal to connect Chinese manufacturers with overseas buyers. In...
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.... 6 6. FINANCIAL ANALYSIS........................................................ 7 7. SWOT ANALYSIS ................................................................ 10 1 1. Introduction 1.1. Alibaba Group Alibaba (SEHK: 1688) (Chinese: 阿 里 巴 巴 ; pinyin: ā lǐ bā bā) is a Hangzhou-based e-commerce/e-auction company, specializing in global trading. It was founded in 1999 by Ma Yun (Jack Ma), and operates five e-commerce sub-companies which operate different aspects of trading. 1.2. Business profile The English-language web site alibaba.com specializes in business-to-business trades, especially for international buyers trying to contact Chinese sellers. The Chinese-language web site china.alibaba.com focuses on business-to-business trades within China, while www.taobao.com is a consumer-to-consumer trade site for Chinese customers. The Japanese language website "Japan.alibaba.com" is for Japanese customers. Alibaba Group Type e-commerce Founded Hangzhou, China (1999) 6/F Chuangye Mansion, East Software Park, Headquarters No.99 Huaxing Road, Hangzhou, 310099, China Key people Ma Yun (Jack Ma) Industry Internet Employees 4,400 (30 June 2007) Website http://www.alibaba.com Japan's Softbank was one of the earliest investors in Alibaba. Its founder, Masayoshi Son, invested $18 million in the company in 2000 and also participated in subsequent rounds of financing. . 1.3....
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...COMPANY NOTE Initiating Coverage 27 October 2014 CHN | Technology | Internet BUY Price target $118.00 Price $95.76 The Powerful E-Commerce Ecosystem Connecting Half of China; Initiate at Buy Key Takeaway China's changing Internet user demographics and mobile development support our favorable view on e-Commerce for the next decade. Alibaba is the largest Chinese ecommerce player, with 80%+ GMV market share, but is only selling to less than 25% of the population now. We estimate well over half of Chinese population will be shopping on Alibaba’s platforms in 10 years. Initiate with Buy; PT USD118. Changing demographics & mobile support ecommerce in the next decade. As discussed in our sector note, "A Taste of Domestic Consumption: The Unleashing of China's E-Commerce Power" published on Sept 19, 2014, China’s e-Commerce growth for the next decade benefit from: 1) changing Internet user demographics towards 30+ year old age groups; 2) accelerating structural shift to online from traditional retail; 3) Chinese government’s massive support for urbanization and domestic consumption; 4) proliferation of affordable smart devices; 5) improving wireless and transport infrastructures in lower tier and rural markets, and 6) rising consumer demand for better quality, design & fashion, authenticity and timely delivery. Growth driven by mix shift towards Tmall, and improving mobile monetization. We expect Alibaba, as the largest e-Commerce player, to sell to...
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...Milestone Alibaba’s 18 founders first gathered in Jack Ma’s Lakeside Gardens apartment in Hangzhou in 1999 and founded Alibaba.com. The founders and management would go on to launch a number of Alibaba’s core businesses from that apartment, including Alibaba.com.cn (now known as 1688.com), Taobao Marketplace and Alimama, meeting in the same spirit of partnership and with the same goal: to make it easy to do business anywhere. Jack Ma began operations in 1999 with Alibaba.com, an English-language marketplace for global trade. They founded Alibaba.com to help small exporters engaged in manufacturing and trading, primarily located in China, to reach global buyers. In 1999, they also launched a Chinese-language wholesale marketplace for domestic China trade among small businesses, now called 1688.com. This domestic platform has since evolved into a wholesale channel for merchants doing business on our retail marketplaces to source products. In 2003, Alibaba established Taobao Marketplace as a free platform for buyers to explore and discover products and for sellers to establish a low-cost online presence. According to iResearch, Taobao Marketplace was the number one consumer-to-consumer, or C2C, marketplace in terms of gross merchandise volume in China in 2013. In 2004, Alibaba established Alipay to address the issue of trust between buyers and sellers online. Buyers were unwilling to effect payment before receiving and inspecting their purchases, and sellers were unwilling to...
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...15% Title of essay: On 8 August 2014, Khazanah National announced plans to privatise Malaysia Airlines (MAS) in an attempt to revive the national carrier as it was struggling financially. Without doubt, the twin aviation disasters, MH370 and MH17, have also further contributed negatively towards MAS financials. The former prime minister of Malaysia, Dr Mahathir Mohamad said that the national flag carrier should be privatised as it is running at a loss. The Malaysia Airlines System Employees Union (Maseu), on the other hand, strongly stated that they will only support the privatisation of MAS if there is to be a new management team. In the past 12 years, MAS has undertaken about half-a-dozen restructuring exercises. Considering its current situation, the idea to privatise is seen as a necessity. In your opinion, can MAS turn itself around if it is now to be privatised? Why or why not? Justify your stand and support your arguments with reasons and examples. You should write between 600 and 650 words. Instructor: Mrs Anuratha Murugagoo On 8 August 2014, Khazanah Nasional Berhad (“Khazanah”) proposed an official petition to the Board of Directors of Malaysian Airline System Berhad (“MAS”) to handle a particular capital cutback and refund apply (“Proposed SCR”) of MAS’ ordinary shares. It shows the strategies of Khazanah National to privatise Malaysia Airlines (MAS) in an effort to recover the federal carrier while it was striving financially. Privatisation can be defined...
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...Ma Huateng is the founderand CEO of Tencent Holdings, one of the most important telecommunications companies in China(Petruso,2006).In 2007 Time magazine called him one of the world's most influential people(Alon& Zhang, 2013). In 2013, he was the fourth richest person in China, and 223rd richest person in the world with a net worth of US$ 6.8 billion(Forbes,2013).The most famous product of Tencent, QQ, is an instantchatting software, whose number of user is more than 700 million and is still growing rapidly(Alon& Zhang, 2013). After graduated from Shenzhen University, Ma was employed by ShenzhenRunxun Communications Co., Ltd. as a software engineer(Petruso, 2006). There his job gave him an awareness of the possibility of practical software’s research and development.He and four friends founded Tencent in 1998(Petruso, 2006). They felt sodifficult at the beginning as they lacked experienced employees and financial health(Petruso, 2006). What’s more, the free download of QQ attracted many young users, which created problems for them because Tencent could not afford the servers or server space(Petruso, 2006). Ma tried to sell QQ or invited more investors but he failed(Petruso, 2006). Fortunately, before it was too late, American venture capitalists invested 2 million American dollars to keep Tencentafloat(Petruso, 2006). In my opinion, Ma is so successful not only because the reputation or awards he achieved but also his characteristics.First, He is so courageous. It...
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