Elevate Your Potential Magazine
- In this video, billionaire businessman and investor Jack Ma shares some business wisdom to help entrepreneurs reach their maximum potential.
How Jack Ma and Alibaba Group Is Building A Global Empire
With a fortune valued at more than $46 billion (according to Bloomberg Billionaires Index), Jack Ma is one of China’s richest men. He is executive chairman of Alibaba Group where he leads the dominant force in Chinese e-commerce, a company with a market value of $264 billion and some 450 million customers.
A global ambassador for Chinese business, he spent 800 hours in the air last year—visiting princes, Presidents, and Prime Ministers and lots of mere businesspeople too. “A professional pilot cannot travel that much, or so I’m told,” he boasts.
Meeting With World Bank President
Jim Kim, a physician who is the president of the World Bank, met Ma four years ago over a dinner lasting more than three hours and was startled to find the billionaire wearing sandals, holding Buddhist prayer beads, and sitting cross-legged on his chair.
Kim was so taken with Ma’s passion for facilitating global trade by focusing on small-business people that he’s rethinking his international development organization’s approach.
Meeting With President-elect Donald Trump
President Trump isn’t the only one who could stand to learn more about Alibaba. Despite its heft in China and the blockbuster 2014 public offering that raised $25 billion on the New York Stock Exchange and introduced Alibaba to Western investors, Ma’s company remains a mystery to most non-Chinese.
There’s a simple reason for that: Few outside the world’s second-largest economy are Alibaba customers. Ma is aware of this knowledge gap. It’s part of what drives him to keep logging frequent-flier miles to educate people about his company and his plans.
In his travels, Ma promotes the lowering of trade barriers, touts his own brand of philanthropy, and supports causes such as primary-school education. His version of globalization is carefully calibrated and expansive enough to be consistent with the goals of his own President, Xi Jinping, as well as with Trump’s America-first positioning.
Across the web:
Olympic Partner Alibaba Group opens new doors to the cloud for its first Olympic Games Worldwide TOP Partner Alibaba Group kicked off its first Olympic Games with the opening of its showcase – “Olympic Games on the Cloud” – at the Gangneung Olympic Park. The event was attended by Jack Ma, founder and Executive Chairman of Alibaba …
Alibaba Plans To Buy 15% Stake In Chinese Furniture Retailer Easyhome The deal comes after aggressive offline expansion made by Alibaba under Jack Ma’s newly coined term “new retail”. SEE ALSO: Buffalo Wild Wings was sucked into a downward spiral as millennials ditched the chain — but the new CEO has a plan for a comeback …
Chinese tech giant Alibaba joins Coke, Visa as a major Olympic sponsor The move puts Alibaba on a global stage, alongside other major sponsors of the games like Coca-Cola, McDonald’s, and Visa. While already a household name in China and across much of Asia, Jack Ma’s company has yet to truly break ground in the western …
Why Alibaba’s Jack Ma Says He Doesn’t Need His Sudden Wealth China’s newly richest man Jack Ma, whose American hero is the fictional … “The money I donate is not my money,” Ma said. The former English teacher said he owes Alibaba’s success to his customers: small and medium-sized companies. He zinged China’s …