Jack Ma (Ma, Yun), “Alibaba” of China’s E-Commerce Business
Jack Ma (Ma, Yun), “Alibaba” of China’s e-commerce business
As a young Charismatic leader, how will Jack Ma overcome challenges of running a big business and get success when going forward?
Alibaba Group, even only with 12years history, is one of the biggest e-commerce platforms for small businesses in the world. Its business includes: Alibaba.com, which is for small firms to find customers and suppliers without going through middlemen, has 57million users, nearly in every country. Another marketplace, Taobao.com, is for individuals buying goods from each other; it has 300million customers and $29 billion-worth of goods. Also, China Yahoo!, One of China's leading Internet portals, was acquired by Alibaba in 2005 as part of its strategic partnership with Yahoo! Inc. In 2010, the revenue of Alibaba Group increased by 49% and with 47% profit increase compared to 2009. It had been named by Forbes as one of the best B2B platforms in the world for 5 years. Jack Ma (Ma, Yun), the founder of Alibaba, is the key to lead the success of Alibaba. Ma was chosen by the World Economic Forum as a “Young Global Leader” in 2001; He was named one of the “25 Most Powerful Businesspeople in Asia” by Fortune in 2005. He shows his charisma always, in front of his employees, and also be admired by all youngsters in China who dream to found their own companies. Jack Ma reveals his transformational leadership from the set-up stage. By envisioning his vision and the desirable future, even though without any promises of return, he built up an 18-“Arhats” team to start this “new concept” business in China. After developing B2B business, Jack Ma has created and grasped big opportunities in these 12 years in C2C platform, online payment system, loan service, etc…huge investments didn’t give him and his team any chances to retreat, with the high expectations & inspirational motivations, his team has gained successes of almost all strategic business plans. But recently in
As a young Charismatic leader, how will Jack Ma overcome challenges of running a big business and get success when going forward?
Alibaba Group, even only with 12years history, is one of the biggest e-commerce platforms for small businesses in the world. Its business includes: Alibaba.com, which is for small firms to find customers and suppliers without going through middlemen, has 57million users, nearly in every country. Another marketplace, Taobao.com, is for individuals buying goods from each other; it has 300million customers and $29 billion-worth of goods. Also, China Yahoo!, One of China's leading Internet portals, was acquired by Alibaba in 2005 as part of its strategic partnership with Yahoo! Inc. In 2010, the revenue of Alibaba Group increased by 49% and with 47% profit increase compared to 2009. It had been named by Forbes as one of the best B2B platforms in the world for 5 years. Jack Ma (Ma, Yun), the founder of Alibaba, is the key to lead the success of Alibaba. Ma was chosen by the World Economic Forum as a “Young Global Leader” in 2001; He was named one of the “25 Most Powerful Businesspeople in Asia” by Fortune in 2005. He shows his charisma always, in front of his employees, and also be admired by all youngsters in China who dream to found their own companies. Jack Ma reveals his transformational leadership from the set-up stage. By envisioning his vision and the desirable future, even though without any promises of return, he built up an 18-“Arhats” team to start this “new concept” business in China. After developing B2B business, Jack Ma has created and grasped big opportunities in these 12 years in C2C platform, online payment system, loan service, etc…huge investments didn’t give him and his team any chances to retreat, with the high expectations & inspirational motivations, his team has gained successes of almost all strategic business plans. But recently in
References: 1. Alibaba, China 's king of e-commerce, http://www.economist.com/node/17800299 2. Alibaba and the 2236 thieves, http://www.economist.com/blogs/newsbook/2011/02/online-fraud_scandal_china 3. www.alibaba.com 4. http://baike.baidu.com/view/2296.htm