Posted on 02/23/2015 2:27:00 PM PST by 2ndDivisionVet
Jack Ma is one of the most successful entrepreneurs in the world.
His e-commerce company, Alibaba, attracts 100 million shoppers a day. Ma is worth an estimate $20.4 billion.
But before he was the richest person in China, Ma went through a lot of rejection.
In a recent interview with Charlie Rose, the businessman reveals that he failed a college entrance exam three times.
Once he ruled out college, Ma applied for 30 different jobs and got rejected.
"I went for a job with the police; they said, 'you're no good,'" Ma tells Rose. "I even went to KFC when it came to my city. Twenty-four people went for the job. Twenty-three were accepted. I was the only guy..."
When Ma founded Alibaba in 1998, he was met with more obstacles.
The brand didn't turn a profit for the first three years, and Ma had to get creative. One of the company's main challenges was that it had no way to do payments and no banks would work with him.
Ma decided to start his own payment program called Alipay. The program transfers payments of different currencies between international buyers and sellers.
"So many people I talked to at that time about Alipay, they said, 'this is the stupidest idea you've ever had,'" he said. "I didn't care if it was stupid as long as people could use it."
Today, 800 million people use Alipay.
Once you get hooked up to the Politburo, you got it made as an oligarch
Maybe zuckerdouche could tell us about hooking up with the NSA to become a wunderkind billionaire.
More like zuckerfraud.
I believe he's an up-from-nothing nobody who hooked up with Yahoo's $1b investment and took it from there. That's why the Chinese government is leaning on him - party bigwigs are shaking him down.
Crony socialism pays. If you have the government blocking for you, you keep scoring touchdowns all day long. But when trying to explain the reason for their success, it defies logic. “Failing up” explains a lot, including our current pResident’s “success.”
I’ve seen interviews with him on biz shows, etc.
What is his connection to the ChiCom major domos?
Now he is a new Elvis!
Kim Jung Ervis Un ...Vely UNHAPPY bout the deveropment!!
There `s a lot more than 40 thieves on alibaba
There’s a lot more than 40 thieves on e-Bay, Amazon, Etsy and Craigslist, too.
I wonder how much he’s donated to the Clintons?
That’s Kentucky Flied Chicken.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.