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Shuvodip Ray
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YouTube • 1y
The founding story of Alibaba is quite the tale of humble beginnings and visionary entrepreneurship. Back in 1999, a man named Jack Ma, who was born in Hangzhou, China, in 1964, introduced Alibaba for the first time to 17 people in his apartment. At the time, Ma was a former school teacher and had no experience with computers or coding, but a trip to the US in 1995 had introduced him to the internet, captivating him with its potential. Alibaba's early days were marked by Ma's determination to build a platform that would bridge the gap between Chinese manufacturers and global buyers. Despite the company's humble beginnings, Ma and his team were driven by a vision to empower small businesses through technology. The initial investment was a modest $60,000, and the company focused on business-to-business (B2B) e-commerce.
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