Jack Ma’s hard afterlife: From a technology tycoon who “screams fire” to a billionaire whose home does not come back

Tram Ho

On November 29, the media stirred with the fact that Jack Ma, the founder of Alibaba, has lived in Japan for the past half year. No one knows why Jack Ma chose to live in Tokyo. The only thing they know is that the billionaire once considered by many Chinese people as a model is living in another country after a long time of silence.

Ordinary boy with extraordinary efforts

Jack Ma, Chinese name is Ma Yun, was born on September 10, 1964 in Hangzhou, Zhejiang province, China. During his youth, the boy surnamed Ma had almost nothing outstanding, if not lagging behind his friends. Ma Van failed the university entrance exam twice, in 1982 and 1983, before graduating with a major in Business Foreign Languages ​​from Hangzhou Normal University in 1984. He majored in English in 1988.

In the period 1982-1983, in order to practice English, he cycled 27km to visit tourist sites and talk to foreign tourists. Ma became a letter friend with one of the foreigners, who nicknamed him “Jack” because his Chinese name was difficult to pronounce. The name Jack Ma comes from that.

Hậu vận vất vả của Jack Ma: Từ ông trùm công nghệ “thét ra lửa” tới tỷ phú có nhà không về - Ảnh 1.

Ma Van (left) with a friend when he was young.

Not only learning, but Jack Ma’s determination at work is also worth mentioning. During her time as a hired worker, Ma Van was repeatedly rejected by employers. He said he applied for up to 30 jobs in different places but was not accepted. Even when KFC went to Hangzhou, out of 24 applicants, only he was eliminated. One of the recruiters said that Ma Van was thin, short, and had bad looks. Eventually, Jack Ma became a lecturer in English and international trade at Hangzhou University.

In 1994, Jack Ma first heard about the Internet, the same year he opened a translation company. In 1995, Jack Ma had the opportunity to go to the US and understand more about the Internet. However, information about China at that time was a gap, so Jack Ma was determined to fill that gap. He and his friends created a stub about China. However, just a few hours later, Jack Ma received emails from several investors. That’s when Ma realized the greatness of the Internet.

In April 1995, Jack Ma and He Yibing, a computer teacher, opened the first office of China Pages, a company specializing in creating websites for Chinese businesses. In just 3 years, they earned about 5 million yuan, equivalent to 800,000 USD at that time. He got his first computer at the age of 33.

In 1998-1999, Jack Ma headed an information technology company founded by China International E-Commerce Center, an agency of the Ministry of Foreign Trade and Economic Cooperation. However, in 1999, Jack Ma decided to quit his job and return to Hangzhou to start a business with his team.

“Anonymous” becomes a Chinese technology tycoon

Even in 1999, Jack Ma spent 500,000 yuan to join a group of 18 friends to found Alibaba, a website specializing in business-to-business transactions based in his apartment in China. Already in October of that year and January of the following year, Alibaba won a venture capital investment of $25 million from Goldman Sachs and Softbank.

Investors expect Alibaba to be able to improve China’s e-commerce market and perfect the e-commerce platform for businesses, especially SMEs, to match the Organization’s requirements. World Trade Organization (WTO) – the organization that China joined 1 year later.

Hậu vận vất vả của Jack Ma: Từ ông trùm công nghệ “thét ra lửa” tới tỷ phú có nhà không về - Ảnh 2.

Just three years later, Alibaba is profitable. However, Jack Ma’s ambitions at that time extended beyond China. He founded Taobao Marketplace, Alipay, Ali Mama and Lynx to expand his influence into overseas markets. However, Alibaba’s influence is probably still largely inside China.

However, Alibaba’s empire is enough to make Jack Ma a legend with the Chinese. He is a shining example, an inspirational figure to the young generation and also a very influential name in the technology industry of this country.

Even Jack Ma has a certain influence on the political scene outside of China. On January 9, 2017, Jack Ma had a meeting with Donald Trump, then the president-elect of the United States, to discuss his plan to create 1 million jobs in the next 5 years thanks to Alibaba’s expansion of operations. business in the US. He also constantly meets many other blood-soaked figures in the region and the world.

At its peak, Jack Ma’s fortune was in the tens of billions of dollars and he was the richest man in China. This achievement was maintained for 3 consecutive years before the storm happened with Ant Gourp and caused this billionaire to stumble.

Lies and realities of living in Japan

However, Jack Ma does not seem smart or overconfident in his position. Although no one denies that China is tightening management with all technology companies, they also believe that Jack Ma is the one who suffers the most. That also seems to be the “consequence” of a technology billionaire’s mouth.

On October 24, 2020, Jack Ma publicly criticized the Chinese banking system at the 2nd Shanghai Financial Summit. In his speech, the Alibaba boss likened the Basel Global Banking Agreement is “the old people’s club”. He also asserted that the biggest hurdle China is facing is not “systemic risk” but “lack of a complete financial ecosystem”. Chinese banks have accordingly been likened to “pawnshops” by Jack Ma, while the mainland authorities’ innovation efforts are tantamount to “using train station management to operate airports”.

Hậu vận vất vả của Jack Ma: Từ ông trùm công nghệ “thét ra lửa” tới tỷ phú có nhà không về - Ảnh 3.

Jack Ma’s statement comes just days before the IPO is considered a record by Ant Group, the financial company that Jack Ma and Alibaba back. However, there was never such an offering. The deal was canceled and Ant Group, Alibaba, and even Jack Ma were investigated with a variety of suspicions.

Many people agree that Jack Ma often makes extravagant statements. However, the red line was probably crossed on October 24, 2020. Jack Ma, from a monument, suddenly became a criminal. Right in 2021, this billionaire disappeared from the list of typical Chinese businessmen.

Over the past two years, Jack Ma’s whereabouts have always been a mystery. There are many speculations around what he is doing, where he is, but there is no loss of details. People have only seen a few times when Jack Ma appeared publicly in Europe in search of solutions to develop sustainable high-tech agriculture.

However, the Financial Times, citing sources familiar with the matter, said Jack Ma has been living in Tokyo, Japan for the past six months. This surprised many people because Jack Ma is a Chinese citizen. His achievements are also associated with the world’s second largest economy. Therefore, the reason Jack Ma lives in Japan is still a big question that has not been answered.

Source: Synthesis

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