Comprehensive report by Pengchao journalist Chen Yuxi
In 1999, 18 people headed by Ma Yun founded Alibaba Group in Ma Yuns apartment in Hangzhou.
Today Alibaba is one of the largest Internet companies in the world. Ma Yun, 55, is also regarded as the most successful representative of Chinas entrepreneurship.
From the CEO of Alibaba Group in 2013 to the Chairman of the Board of Directors of Alibaba Group in 2019, Mr. Ma Yun swept away.
This 20-year history of entrepreneurship has left many wonderful moments. Here are 20 old photos combed by surging journalists, which can give you a glimpse of Ma Yuns entrepreneurship.
In 1992, Ma Yun set up Haibo Translation Agency, and asked retired teachers to do translation. This entrepreneurial experience, including the Chinese Yellow Pages since then, has laid the foundation for Ma Yuns future creation of Alibaba.
In 1999, 18 people headed by Ma Yun founded Alibaba Group in Ma Yuns apartment in Hangzhou; the groups first website was Alibaba, the English global wholesale trade market.
Eighteen members of Alibabas founding team are also known as Eighteen Arhats. They include Cai Chongxin, Vice Chairman of Alibabas Board of Directors, Peng Lei, former Chairman of Ant Golden Clothes, Xie Shihuang, former General Manager of Alibabas Investment Business, Jiang Fang, Vice Chief Manpower Officer of Alibaba Group and Alibabas B2B Business. Group President Dai Shan and others.
In January 2000, Alibaba Group raised $20 million from several investment institutions such as Softbank.
SoftBank was one of Alibabas early investors. Masayoshi Son, founder and CEO of SoftBank Group, bought Alibaba shares for $20 million in 2000 and continued to invest $60 million in 2004. Softbanks investment returns are generous, and Sun Zhengyi has long served as a director of Alibaba Group.
According to Alibaba Groups annual report for fiscal year 2019 (as of March 31, 2019), Softbank holds 25.9% of Alibaba Group, the largest shareholder, Yahoo Fund Altaba holds 9.4%, Ma Yun holds 6.2% and Cai Chongxin holds 2.2%.
In 2000, Jin Yong appeared in the first West Lake debate on sword. Participants included then Sina CEO Wang Zhidong, Sohu CEO Zhang Chaoyang, Netease Chairman Ding Lei, 8848 Chairman Wang Juntao and Ma Yun.
Peng Mei News reported earlier that Ma Yun and Jin Yong have had nearly 20 years of friendship. Ma Yun has been obsessed with two things since childhood: English and knight-errant. He is familiar with Jin Yongs swordsman fiction. Alibabas office is named after Jin Yongs Wulin Holy Land: Ma Yuns office is called Peach Blossom Island, Bright Top in the conference room and Listen to Rain Xuan in the bathroom. Alibabas value system has been known as the single nine sword and the six-vein divine sword.
Every employee of Alibaba has a flower name. Ma Yuns flower name is the breeze is clear and bright. It is precisely the heir of the solitary nine swords in Jinyongs Laughing Ao Jianghu, who has no tricks to win.
On October 30, 2018, Jin Yong, a knight-errant literary master, died of illness in Hong Kong at the age of 94. On the afternoon of October 31, Ma Yun, a former friend of Jin Yong and chairman of Alibaba Board, sent an official micro-blog to mourn Jin Yong: I wonder if there will be Ali, if there is no Mr. Jin Yong.
In December 2002, Alibaba Group first achieved positive cash inflows throughout the year, and management and employees celebrated the companys first financial milestone.
On the morning of November 4, 2003, the fourth West Lake Conference on sword was held on the left: Ma Yun, Liang Jianzhang, Robin Li and Wang Leilei. Visual Chinese Data
In June 2003, eBay, the US online shopping giant, completed its acquisition of eBay and began to replicate the American business model to China on a large scale. At this time, Taobao, which is also the main player of C2C, announced the establishment of Taobao. It also advocated free strategy, and gathered a large number of businesses on its own platform. Several years later, eBay withdrew from the Chinese market, and Taobao opened a glorious era of online shopping for all. For quite a long time, Taobao has almost become a synonym of online shopping in China.
In August 2005, Alibaba Group reached strategic cooperation with Yahoo. In October, Alibaba Group took over Yahoo China.
Yahoo founder Yang Zhiyuan met Ma Yun in 1997. Ma Yun was his tour guide when he visited the Great Wall. Ma Yun impressed Yang Zhiyuan deeply. Later, they kept in touch. Eventually, Ma Yun founded Alibaba. Peng Mei News previously reported that Yahoo successfully invested in Alibaba in 2005 and traded $1 billion with Yahoo China for a 40% stake in Alibaba.
Dramatically, the former Internet giant Yahoo has become a historical memory. In 2017, the assets of Alibaba Group and Yahoo Japan, which were retained by Yahoo, were renamed Altaba Company. According to Altabas official website, as of December 31, 2018, the companys total assets were about $48 billion, 82% of which were Alibaba shares. Altaba announced this year that it would begin selling Alibaba Group shares on May 20, 2019.
In 2012, five years after the listing, Alibaba B2B business was privatized from Hong Kong stocks and delisted.
On September 10, 2009, Alibaba held its 10th anniversary celebration party. Ma Yun appeared as a punk at the party scene, performing two songs, which caused a sensation.
On December 23, 2009, the 2009 CCTV China Economic Person of the Year Award was held. Ma Yun and Ma Huateng were honored as business leaders for ten years.
On the morning of September 10, 2010, the 7th Internet Business Conference and the 6th West Lake Sword Conference were held in Hangzhou. John Donahoe, President of eBay, opened a dialogue with Ma Yun. According to media reports, they called each other their good friends and said that Alibaba and eBay would cooperate more in the future.
But before that, they had fought fiercely: eBay acquired eBay in 2003, which had dominated the market share of personal online transactions, but that reversed in 2006. In 2006, eBay eBay ended its four-year battle with Taobao and announced that it would sell part of its shares to TOM, which was seen as eBays withdrawal from the mainland market.
In 2008, Ma Yun said at the ceremony of Taobaos fifth anniversary that Alibaba Group will invest an additional 2 billion yuan in Taobao in the next five years. According to media reports, after an additional investment of 2 billion yuan, Ma Yun at that time exaggerated Haikou: in five years to surpass eBay global, Amazon.
On October 17, 2011, Ali held a press conference in Hangzhou.
In those days, Ma Yun and Ali met two brands: Alibaba transferred the shares of Alipay to Ma Yuns company, and then YAHOO, a major shareholder of Alibaba, launched an attack on Ma, saying that it had transferred the payment business without the approval of the Alibaba board or shareholders. In 2011, Taobao issued a shopping mall. The announcement said that the technical service fee of Taobao Mall merchants would be raised, which triggered protests from Taobao Mall sellers.
In 2013, Ma Yun stepped down as CEO of Alibaba Group and Lu Zhaoxi took over.
At that time, Ma Yun said in an open letter: The Internet is a world of young people. This year, most of Alis leaders born in the 1960s will quit their executive roles. We will hand over the responsibility of leadership to our colleagues in the 1970s and 1980s.
However, Lu Zhaoxi only served as CEO of Alibaba Group for two years. On May 10, 2015, Ma Yun announced in an employee letter that Lu Zhaoxi would step down as CEO of Alibaba Group and become Vice-Chairman of the Board of Directors of the Group. Zhang Yong (Xiaoyaozi), born in 1972 and working in Alibaba for eight years, succeeded Lu Zhaoxi as the third CEO of Alibaba Group. Ma Yun said that this change means that the Alibaba Group will be fully controlled by the Post-70s military power.
Today, Xiaoyaozi Zhangyong has become Ma Yuns successor and chairman of the board of directors of Alibaba Group. Jiang Fan, a post-80s executive trained by Xiaoyaozi and President of Taobao Tianmao, has entered the list of Alibaba partners.
On September 18, 2014, Alibaba landed on the New York Stock Exchange. According to the pricing of $68, Alibabas IPO raised $21.77 billion, making it the largest IPO in the history of U.S. stocks.
As of September 10, Alibaba had a total market value of more than $462.8 billion. For reference, Tencent (700.HK) currently has a market capitalization of about HK$327 trillion (US$417.1 billion) and Baidu (Nasdaq: BIDU) about US$36.7 billion.
In 2015, Ma Yun Public Welfare Foundation announced the Rural Teachers Program. Each year, 100 Ma Yun Village Teachers are selected and awarded a total of 10 million yuan of bonus and professional development support for three years.
On June 16, 2016, Ma Yun, speaking at the 20th St. Petersburg International Economic Forum, said that the founding of Alibaba was the biggest mistake in his life, because group work took up all his time.
To be honest, the biggest mistake in my life was the founding of Alibaba. Ma Yun said, When I started Alibaba, I never thought my life would be like this. I thought it would be a small company. I didnt expect so many responsibilities and so many problems every day. Now Im busy with the job of chairman every day.
Ma Yun added: In the next life, if there is another life, I will never do business like this again. I will do my own thing and enjoy life.
He also said that he would not be the chairman of the board of directors of Alibaba Group for a long time and planned to engage in environmental protection after leaving office.
According to Hurun Chinas Top 100 List in 2018, Ma Yun ranks first. On September 10, 2019, Ma ranked 20th in the Bloomberg Billionaires Index with a wealth of $41.7 billion. Richer people than Ma included the worlds richest man, Amazon owner Bezos, Microsoft founder Bill Gates, chairman of luxury goods group LVMH, CEO Bernard Arnault, stock god Buffett, Fac. Mark Zuckerberg, founder of ebook, et al.
In November 2017, Ma Yuns movie Gong Shou Dao was broadcast on Youku. Gong Shou Dao, a 20-minute short film for cultural public welfare, aims to promote Chinese culture. Li Lianjie, Yen Zidan, Wu Jing, Zou Shiming, Chao Qinglong, Tony Jia, Xiangzuo and Liu Chengyu also participated in the film. Wushu guided Yuan Heping, Hong Jinbao and Cheng Xiaodong.
On August 29, 2019, at the World Artificial Intelligence Congress, Ma Yun talked to American Iron Man Musk. Xinhua News Agency reporter Ding Ting
Ma Yun, a teacher, never feared to appear in the spotlight. With Alis success, Ma Yun began to play an important role in a more diverse stage, disseminating his business ideas and ideas.
On September 7, 2019, Ma Yun was awarded the honorary title of Hangzhou People of Merit. As an outstanding representative of Hangzhou people and an advanced model of many outstanding entrepreneurs in Hangzhou, Comrade Ma Yun has devoted himself to innovation, entrepreneurship and public welfare for many years, actively promoted the economic and social development of Hangzhou and the internationalization of the city, fully demonstrating the courage, perseverance, self-improvement and openness of Hangzhou people. Fangs elegance. Source: Wang Fengzhi _NT2541
On September 7, 2019, Ma Yun was awarded the honorary title of Hangzhou People of Merit. As an outstanding representative of Hangzhou people and an advanced model of many outstanding entrepreneurs in Hangzhou, Comrade Ma Yun has devoted himself to innovation, entrepreneurship and public welfare for many years, actively promoted the economic and social development of Hangzhou and the internationalization of the city, fully demonstrating the courage, perseverance, self-improvement and openness of Hangzhou people. Fangs elegance.