Jack Ma (1964–present) Flashcards

1
Q

What is Jack Ma best known for founding?

A

Jack Ma is best known for founding Alibaba.

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2
Q

Where was Jack Ma born?

A

Jack Ma was born in Hangzhou, Zhejiang Province, China.

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3
Q

How did Jack Ma improve his English as a child?

A

Jack Ma improved his English by offering free tours to foreign visitors.

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4
Q

What was Jack Ma’s educational background?

A

Jack Ma earned a degree in English from Hangzhou Normal University.

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5
Q

What year did Alibaba go public, and how much did it raise?

A

Alibaba went public in 2014, raising $25 billion.

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6
Q

What is the name of Jack Ma’s digital payment company?

A

Alipay (Ant Financial, now Ant Group).

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7
Q

What was the largest IPO in history at the time, led by Jack Ma?

A

Alibaba’s 2014 IPO was the largest in history, raising $25 billion.

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8
Q

During what period did Jack Ma rise as an entrepreneur?

A

Jack Ma rose during China’s rapid economic expansion in the 1980s and 1990s.

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9
Q

What role did Alipay play in China’s financial sector?

A

Alipay revolutionized digital payments and financial inclusion in China.

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10
Q

Why did Jack Ma face scrutiny from the Chinese government in 2020?

A

Ma criticized China’s financial regulators, leading to the suspension of Ant Group’s IPO.

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11
Q

Which philosophy from martial arts does Jack Ma apply to his business?

A

Tai Chi philosophy, focusing on balance and flexibility.

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12
Q

What challenge did Jack Ma face early in life regarding job applications?

A

He was rejected from over 30 jobs, including KFC.

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13
Q

What did Jack Ma focus on after stepping down from Alibaba in 2019?

A

Jack Ma focused on philanthropy, especially in education and environmental causes.

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14
Q

Fill in the blank: Jack Ma often incorporates _____ into corporate events, blending work and play.

A

karaoke

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15
Q

What is Jack Ma’s philanthropic organization called?

A

The Jack Ma Foundation.

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16
Q

Fill in the blank: Jack Ma’s first internet business attempts, _____ and _____, were not successful.

A

China Pages, an e-commerce platform

17
Q

What criticism led to Ant Group’s IPO being halted?

A

Jack Ma’s criticism of China’s financial regulators.

18
Q

What industry did Jack Ma revolutionize in China?

A

Jack Ma revolutionized e-commerce in China.

19
Q

Fill in the blank: Jack Ma often emphasizes _____ and _____ in his business philosophy.

A

customer satisfaction, small business empowerment

20
Q

How did Jack Ma overcome his repeated rejections early in life?

A

Through persistence and learning from failure.

21
Q

What event solidified Jack Ma as a global business icon in 2014?

A

Alibaba’s record-breaking IPO on the New York Stock Exchange.

22
Q

Fill in the blank: Jack Ma appeared in a martial arts film playing a _____ master.

A

Tai Chi

23
Q

Who was Jack Ma inspired by when he performed at Alibaba’s anniversary party?

A

Michael Jackson.

24
Q

Fill in the blank: Jack Ma is considered a symbol of _____ and _____, especially in China.

A

entrepreneurship, innovation