Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Alibaba Founder Jack Ma: If you’re still poor at 35, you deserve it!
Vulcan Post ^ | 09/23/2014 | Zach Ho

Posted on 09/23/2014 7:33:32 PM PDT by SeekAndFind

You are poor because you have no ambition.

Jack Ma: Before I founded Alibaba, I invited 24 friends to my house to discuss the business opportunity. After discussing for a full two hours, they were still confused — I have to say that I may not have put myself across in a clear manner manner then. The verdict: 23 out of the 24 people in the room told me to drop the idea, for a multitude of reasons, such as: ‘you do not know anything about the internet, and more prominently, you do not have the start-up capital for this’ etc etc.

There was only one friend (who was working in a bank then) who told me, “If you want to do it, just try it. If things don’t work out the way you expected it to, you can always revert back to what you were doing before.” I pondered upon this for one night, and by the next morning, I decided I would do it anyway, even if all of the 24 people opposed the idea.

Jack Ma founding members

When I first started Alibaba, I was immediately met with strong opposition from family and friends. Looking back, I realised that the biggest driving force for me then was not my confidence in the Internet and the potential it held, but more of this: “No matter what one does, regardless of failure or success, the experience is a form of success in itself.” You have got to keep trying, and if it doesn’t work, you always can revert back to what you were doing before.

As with this quote by T.E. Lawrence – “All men dream: but not equally. Those who dream in the dark recesses of the night awake in the day to find all was vanity. But the dreamers of day are dangerous men, for they may act their dreams with open eyes, and make it possible.”

jack ma serious

Jack Ma: People lose out in life because of these 4 reasons:

  1. Being myopic to opportunity
  2. Looking down on opportunities
  3. Lacking understanding
  4. Failing to act quickly enough

You are poor, because you have no ambition.

Ambition is living a life of great ideals; a magnificent goal in life that must be realised.

In this world, there are things that are deemed unfathomable, but there is nothing in this world that cannot be done. The depth of one’s ambition determines the potential of one’ future.

The Story of Juliet Wu Shihong – one of China’s first-generation professional managers, who gained success by working her way up the ranks from a cleaner, a nurse, a marketing executive, through self-education and learning on the job.

Juliet Wu Shihong

She had been the general manager for the world’s most famous multinational IT groups’ Chinese branches (Microsoft 1985-1998; IBM 1998-1999). She is also China’s first successful international corporate executive to join the executive team of a domestic private firm. Wu was seen as a symbol of the new generation of business executives that China has produced in its economic reform and opening-up.

When Wu started off in a big company working from the lowest ranks, her daily job was to pour tea and sweep floors. Once, because she forgot her staff pass, the company’s guard stopped her at the door and denied her entry. She explained to the guard that she was indeed one of the company’s employees, and that she had merely left the building for a short while to purchase office supplies.

Despite her pleas, the guard still did not allow to enter. As she stood at the gate, she watched as those of similar age to her, but smartly dressed in business attire walking through without having to show their passes.

She asked the guard, “Why are these people allowed through without producing a pass?” The guard dismissed her coldly nonetheless.

That was the turning point for Wu – she felt great shame, her self-esteem trampled on.

She looked at herself, dressed in shabby clothes and pushing a dirty push cart. Looking back at those dressed in smart attire, her heart felt a deep ache from the sudden realization of the sorrow and grief from being discriminated. From that moment, she vowed never to allow herself to be shamed like this again, and to become world-famous.

Since then, she used every opportunity to enrich herself. Every day, she was the first to arrive at work, and the last one to leave. She made every second count, spending her time learning the ropes. Her efforts soon paid off; she was made a sales representative, and quickly progressed to being the regional general manager of this multinational company in China. Wu did not possess strong academic qualifications, and was revered as the ‘Queen of Part-timers’. Subsequently, she assumed the position of GM of IBM China. This is the Wu Shihong, the heroine in China’s business circle.

Juliet Wu Shihong
If not for the incident, Wu Shihong would not have had the ambition to become rich, and her life would have taken a very different path then.

No matter how poor your family is, do not doubt your own abilities and lose sight of your ambition.

Go big, or go home. Otherwise, you’re wasting your youth.

The article is originally published in Chinese, and is translated into English. If you think this was helpful, feel free to share it with your friends.


TOPICS: Business/Economy; Computers/Internet; Society
KEYWORDS: alibaba; jackma; wealth
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-86 last
To: bigdaddy45

Amazon.com has the books in print catalog online, same as any book retailer.

It’s not as if all of that “stuff” is in their warehouse. Any good retailer can order it from the distributor.

Amazon became the “klenex” brand name of it. Same as Google. Others offering the same service.

But merely launching a website doesn’t mean that people will use it or that it will continue to be strong, especially in a market of similar competitors. Friendster was beaten by Myspace was beaten by Facebook. The “cool kids” determine where the people will “be”. And they left Myspace in about a year’s time after “Faux NewsCorp” bought them. They hate Facebook too now but haven’t decided where to go yet.


81 posted on 09/24/2014 7:27:12 AM PDT by a fool in paradise (Hey Obama: If Islamic State is not Islamic, then why did you give Osama Bin Laden a muslim funeral?)
[ Post Reply | Private Reply | To 78 | View Replies]

To: fso301; cynwoody
Both posts to me appreciated and well taken by me.

I will plead old age and recall the film I saw in hard scrabble England WW2.

Citizen Kane

Orson Welles did a masterful job on wealth and greed. Based on a Mr. Hearst, we are told.

82 posted on 09/24/2014 9:42:42 AM PDT by Peter Libra
[ Post Reply | Private Reply | To 74 | View Replies]

To: Toddsterpatriot; Cringing Negativism Network

I’m beginning to think CNN is Cass Sunstein.


83 posted on 09/24/2014 9:44:22 AM PDT by 1010RD (First, Do No Harm)
[ Post Reply | Private Reply | To 79 | View Replies]

To: doc1019

What are the causes of poverty?


84 posted on 09/24/2014 9:46:45 AM PDT by 1010RD (First, Do No Harm)
[ Post Reply | Private Reply | To 6 | View Replies]

To: SeekAndFind

Seems there’s a lot of confusion here over what constitutes “poor”. Definitions range from “not outright rich” to “destitute and mentally incapacitated”; those with differing definitions are reacting to the difference with a surprising degree of hostility.


85 posted on 09/24/2014 9:56:59 AM PDT by ctdonath2 (ن ☺)
[ Post Reply | Private Reply | To 1 | View Replies]

To: a fool in paradise

Alibaba has more sales than amazon and ebay combined. They’ve clearly done more than just “launch a website”.

There’s competition in every industry. Ask Polaroid. Ask Studebaker. Ask Wang.


86 posted on 09/24/2014 1:54:22 PM PDT by bigdaddy45
[ Post Reply | Private Reply | To 81 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-86 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson