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Alibaba and the rise of Jack Ma

Paul Hoang profiles Chinese entrepreneur Jack Ma, who turned $60,000 of initial capital into a multi-billion-dollar business in less than 10 years

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Jack Ma is a self-made billionaire, with a net worth estimated to be over $1.6 billion (Box 1). He is the founder, chairman and CEO of Alibaba Group, which owns Alibaba.com (the world’s largest business-to-business e-commerce website) and Taobao.com (the world’s largest consumer-to-consumer e-commerce business). Almost everything and anything made in China can be traded globally on Alibaba.com or Taobao.

Jack Ma was born in Hangzhou, China, on 10 September 1964. He is the second child of three, with an older brother and younger sister, and grew up during the Chinese Cultural Revolution, a period of total government control of the country.

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Previous

Hiut Denim

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The urge to demerge

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