How China's most successful businessman Jack Ma's Alibaba beat the US giant eBay? – YouTube

How China's most successful businessman Jack Ma's Alibaba beat the US giant eBay?



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  • Video Views: 219410
  • Published On: 2020-09-05 09:15:12
  • Video Published/Author: Think School
  • Video Duration: 00:10:34
  • Source: Watch on YouTube


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VIDEO INTRODUCTION:
Alibaba the huge Chinese Internet conglomerate that is really a technology company that serves retail customers and controls 80% of the Chinese e-commerce market. But it wasn’t always the case, the story of how it’s founder Jack Ma, a teacher founded and beat eBay and Amazon is a truly remarkable lesson for new Entrepreneurs.

Jack Ma grew up in humble circumstances in communist China. He famously tells people how he twice failed his university entrance exams and was rejected from every job he applied to after college, including the fast-food chain, KFC. Ma is the quintessential rags-to-riches story

Alibaba was founded in 1999 in the garage of Jack Ma, a former English school teacher, management’s ambition is to build on its spectacular success in China to become the global leader in e-commerce.

“Having been trained as a teacher, I feel extremely proud of what I have achieved. Teachers always want their students to exceed them, so the responsible thing to do for me and the company to do is to let younger, more talented people take over in leadership roles so that they inherit our mission ‘to make it easy to do business anywhere,’” Ma stated in his resignation letter which is exactly what we believe at Think School.

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#alibaba #alibabavsebay #jackma

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50 comments
  1. Please put subtitles when speaking another language in middle for your international audience please

    Its very annoying when you are enjoying the video and another language get mixed in middle totally confusing

  2. True. Alibaba is an experience. It gives pride to Chinese that they could get anything at one place.
    The margin is very thin and by Jack Ma himself, they took time by volume to make up the numbers.
    Also he argued, the charges were low and the customers and suppliers did not mind paying the transaction charges.
    Finally eBay and Alibaba are two different concepts.
    EBay while based it's model on arguing or bargaining as the base money spinning spree, Alibaba is a trade portal which had it's own business dynamics.

  3. While watching your channel I read Amish Book Ram and trust me from day I have started reading till its completion.
    I am realising a 360 degree change in my perspective towards life. Rational thinking and a positive mindset and to be calm in adverse situation.
    U r gem for my life

  4. narrowing down your target audience is fine, but going after "cheap and clumsy" way of approach just because majority wants it may not be good idea because then you deal with "less educated" kind of audience & dealing with which takes away a lot of energy and time and you may not want to add them to your "tribe" list. …..from ebay Chinese audience perspective, Alibaba is winner but again today if a new company comes in china targeting only "highly educated" within that ecommerce then they would be the winner then in that river! …….This is where PVP index comes in where the first P (stands for Personal fulfillment) should be your priority in marketing. …….but nice informative video otherwise, keep up!

  5. Now that your audience is growing to English speakers outside India. Please focus on using English through out the video. I want to understand everything you say. So I feel left out when you use a different language

  6. Nice and inspirational quote by Jack ma.
    eBay failure on Chinese seems related to USA defeat at Afghanistan. They tried to fight with their own perspective.
    Understanding others point of view is very very important like ebay would have been successful in china if they thought through Chinese customer point of view.

  7. When i opened the alibaba website many years ago, it gave me headaches with its design. 😁 I was also thinking how the hell this is number one site in china. Thanks for clearing my doubt. Chinese people like that design.

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