Jack Ma

Jack Ma Yun is a Chinese business magnate, investor and philanthropist. He is the co-founder of Alibaba Group, a multinational technology conglomerate. In addition, Ma is also the co-founder of Yunfeng Capital, a Chinese private equity firm. As of February 2024, with a net worth of $30.1 billion, Ma is the sixth-wealthiest person in China, as well as the 50th wealthiest person in the world, ranked by Bloomberg Billionaires Index.
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Some of the key events about Jack Ma

  • 1988
    Graduated from Hangzhou Normal University with a BA in English
  • 1995
    Founded China Pages, one of China's first internet companies
  • 1999
    Co-founded Alibaba Group, an e-commerce and technology company
  • 1999
    Faced criticism for promoting a "996" work culture (9am to 9pm, 6 days a week) in Chinese tech companies
  • 2003
    Established Taobao, a consumer-to-consumer online marketplace
  • 2004
    Created Alipay, now one of China's largest online payment platforms
  • 2009
    Launched Alibaba Cloud, a cloud computing service
  • 2011
    Involved in a controversy over the transfer of ownership of Alipay from Alibaba to a separate entity he controlled
  • 2014
    Led Alibaba's initial public offering on the New York Stock Exchange, raising $25 billion
  • 2015
    Acquired the South China Morning Post, a Hong Kong-based English-language newspaper
  • 2015
    Criticized for purchasing the South China Morning Post, raising concerns about potential influence on media independence
  • 2017
    Launched a $10 million fund to support African entrepreneurs
  • 2017
    Faced backlash for comments suggesting automation could lead to shorter workweeks, which some viewed as out of touch
  • 2018
    Criticized for endorsing the controversial Chinese work practice of "996" as a "huge blessing"
  • 2019
    Stepped down as executive chairman of Alibaba to focus on philanthropic efforts
  • 2020
    Publicly criticized Chinese financial regulators, leading to the suspension of Ant Group's IPO
  • 2020
    Disappeared from public view for several months following regulatory crackdown, sparking speculation and concern
  • 2021
    Stepped down as chairman of Alibaba's partnership committee amid increased government scrutiny
  • 2021
    Alibaba was fined a record $2.8 billion for antitrust violations under his leadership
  • 2023
    Gave up control of Ant Group amid ongoing regulatory pressure from Chinese authorities

Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.

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