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Jack Ma, a male of Han nationality and member of the Communist Party of China, was born on September 10, 1964, in Hangzhou City, Zhejiang Province, with ancestral ties to Gulai Town, Shengzhou City, Zhejiang Province. Renowned as the main founder of Alibaba Group, Ma's influence extends far beyond his entrepreneurial endeavors. He holds various significant roles including director of Japan's SoftBank, chairman of the Nature Conservancy's China Council, and co-chairman of the United Nations High-Level Group on Digital Cooperation, among others. Graduating from Hangzhou Normal University's Foreign Languages Department in 1988, Ma embarked on a remarkable journey, founding China's first Internet commercial information publishing website "China Yellow Pages" in 1995, followed by the establishment of Alibaba in 1999, where he served as CEO and Chairman of the Board of Directors. His contributions to e-commerce, mobile payment through Alipay, public welfare, education, and globalization have left an indelible mark, reshaping Chinese shopping habits, facilitating mobile payment adoption, promoting public welfare initiatives through the Jack Ma Foundation, supporting education, and fostering global e-commerce growth, showcasing his enduring impact on society.
Does Jack Ma still own Alibaba?
Yes, Jack Ma still owns Alibaba.
As of late 2023, Jack Ma remains a major shareholder of Alibaba, having increased his holdings in the company during the fourth quarter of that year with approximately US$50 million worth of shares, elevating his shareholding ratio to over 4.3%, consequently surpassing SoftBank as Alibaba's largest single shareholder. Although Ma stepped down as the company's executive chairman in 2019, control of Alibaba remains within his purview. His return to a more prominent ownership position amidst Alibaba's perceived competitive challenges, marked by his call to refocus on Taobao, users, and the core principles of the Internet, has instilled a sense of reassurance and confidence within the company despite its ongoing struggles.
Why is Jack Ma so popular?
Jack Ma's popularity stems from his status as an entrepreneur and founder of one of the world's largest holding companies, making him one of the 50 richest individuals globally and granting him significant influence both in China and internationally. His unique investing style offers valuable insights for investors seeking to emulate his success. Ma's success can be attributed to several factors, including his ability to inspire trust in online payment systems despite challenges, his vision and philosophy of creating value for society alongside financial success, and his belief in the transformative power of technology to connect people and effect positive change globally. His leadership and commitment to societal impact have earned him numerous accolades, including recognition in Time magazine's 100 Most Influential People and Forbes' list of the World's Most Powerful People. Ultimately, Jack Ma's success is a result of his intelligence, talent, perseverance, determination, and visionary approach to business and societal change, underscoring that while luck may play a role, it is his combination of traits and actions that have propelled him to prominence and success.