10 Photos Decided the History of Alibaba

    Here, we will talk about the rise of Alibaba and the fifty years' life of its founder Ma Yun.

    1. Ma Yun was not good at math when he was at school. He failed twice in the College Entrance Examination, and he finally was enrolled by Hangzhou Normal College. He taught international trade in Hangzhou electronic institute after graduating from Hangzhou Normal University in 1988 English majors.

    2. 1992, Ma Yun (Jack Ma) established the first professional translation agency in Hangzhou- Haibo translation agency. At that time, he was still an English teacher. This was his first step to start a business.

    3. Jack Ma did well in the translation. During that period, he met the foreign teacher Bill Aho from America. Jack Ma went to America in early 1995 and lived in Aho relative's home in Seattle. There, Aho's son-in-law Stuart Tel Christi introduced Ma internet for the first time.

    4. In April, 1995, Jack Ma returned to China. Ma, his wife Zhang Ying and friends collected twenty thousand Yuan and set up Hangzhou Haibo Network Inc. The website was named "Chinese Yellow Pages.".  It was an online business category, helping domestic companies to look for customers overseas.

    5. After "Chinese Yellow Pages" was incorporated by Hangzhou Telecom. Ma and his team worked in a subsidiary of the MOFTEC. This is the photo they took at the Great Wall. In 1999, they returned to Hangzhou.

    6. In 1999, Ma Yun and his 17 friends established Alibaba. His aim was helping enterprises look for customers overseas.

    7. Ali Baba began to make profit in 2002.  Ma hoped to set up a consumer's site which competed with eBay. Ma was supported by the Japanese Softbank President Masayoshi Son. The bank poured $80 million into Alibaba. In July, 2003, Taobao came out, and defeated Ebay in the following competition.

    8. After the rapid rise of Taobao, eBay hoped to acquire it. But Ma hoped to keep Taobao in control. Ma was supported by Yahoo co-founder Jerry Yang. Yahoo injected $1 billion to Alibaba. This is Yang and Ma.

    9. On November 6, 2007, Alibaba B2B listed in Hong Kong Stock Exchange, becoming the largest network shares that had the most financing and trading value. But Alibaba B2B shares began to fall since the beginning of the third quarter of 2009. On June 20, 2012, Alibaba B2B delisted from the Hong Kong Stock Exchange officially.

    10. On Sempember 19, 2014, Alibaba officially listed on the NYSE.

    Article from taobao agent.