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  • Welcome to the Investors Trading Academy event of the week. Each week our staff of educators

  • tries to introduce you to a person of interest in the financial world. This could be a person

  • in government or banking or an important investors or trader, on just someone making the financial

  • headlines in recent days. Just a year ago, the name Jack Ma was unknown

  • outside of China and even at home was only familiar to those in the world of finance

  • and ecommerce. Ma is a household name in China and may soon be known among big tech names

  • like Tim Cook, Jeff Bezos and Mark Zuckerberg. Here’s a look at Ma’s career ascent, from

  • English teacher to global tech titan on Wall Street.

  • Ma started Alibaba out of his Hengzhou apartment in 1999. Today, the company has its hands

  • in a sprawling assortment of online retail marketplaces, cloud computing services, messaging

  • apps, and video websites, and it generates $2 billion in profit per quarter. Ma said

  • that the central focus of his company remains helping small businesses and that the company

  • will use the $21.8 billion it’s raising in its IPO to further this goal.

  • Before Friday, Ma was the richest man in China. After the markets closed, he was one of the

  • richest in the world. His net worth now stands at more than $18 billion. He sold 12.75 million

  • shares in the IPO, a fraction of the 206.1 million he owned.

  • After graduation, Ma was an English teacher for five years. His salary was 100 to 120

  • yuan, or about $12 to $15 a month. On this first visit to the U.S., his friend

  • showed him the Internet and he realized there was hardly any data on China at all. Ma says

  • at that point he had never even touched a keyboard, but when he returned home, he launched

  • an online business directory, China Pages. Ma and his friends pooled $60,000 to start

  • Alibaba. Ma says he chose Alibaba because he wanted

  • to create a global company from the start. He chose Alibaba because it’s easy to spell

  • and because people everywhere know it as theOpen Sesamecommand to unlock doors

  • to hidden treasures.

Welcome to the Investors Trading Academy event of the week. Each week our staff of educators

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