Jack Ma, owner of Alibaba - Open Sesame!

Jack Ma

The year of 2015, brought to the richest Chinese numerous turbulences. Chinese tycoon in the field of solar energy, Li Hejun now hold better position than the founder of Chinese company, Alibaba, Jack Ma.

Jack Ma got the title of the richest Chinese after his company in September ended the first initial public offer at the New York stock market totaling USD 25 billion.

According to this year’s Hurun’s list, Jack Ma je fell to the third position in China with his fortune of USD 24,5 billion.

Ma, internet entrepreneur and the first Chinese who appeared at the cover of Forbes as one of the world billionaires, born in 1964 in Hangzhou, Chinese province Zhejiang.

In 1995, Jack Ma was sent to trading mission in USA when he met with the computer and internet for the first time. He set up Chinese yellow pages that year which were the first Chinese internet company.

Media writes that the idea about internet business came when he typed at browser “beer” looking for information on American and German brands. Then he came to the idea that internet is the right place where the world can meet Chinese companies. When he returned to China, Ma borrowed money to set up one of the first commercial internet pages in China.

At the beginning, Ma developed internet pages for Chinese companies with the help of friends in USA.

Ma gladly remembers his beginning.

In 1998, Jack Ma together with 17 partners 1998 started the Alibaba Online portal which became the biggest online market. Alibaba is the first Chinese internet company which became globally known. The company name originated from the story of the book "Arabian nights". Thus, Alibaba name should reflect the sentence "Open, Sesame" (like in global markets opening).

They won in their court eBay and Amazon, and they have in their portfolio entire series of products and services with which they are planning to cover all segments of online business.

His company, Alibaba, today totals USD 240 billion. Ma "absorbs" some 80% of Chinese trade through internet.

Advice of founders of Alibaba for successful business start:

1. Look for the opportunity widely- consider all options and in search for potential chance, take a look under every rock and into every corner.

2. Treat every opportunity like an open door – not a single chance is a small one.

3. Look for understanding – not only from your current position but from the one you are heading towards. Think well what you are doing and what you should take to get to the place where you want to be.

4. Act quickly – act when you have a chance.

5. Look outside your own circumstances – courage and bravery are important for success

6. Canal your ambition – focus on your objective and get it

7. Be courageous.