Ma Yun started his business for the first time in1April, 1995, and founded Hangzhou Haibo Computer Service Co., Ltd., the first Internet commerce company in China. Its source of funds is six or seven thousand yuan, and its sister and brother-in-law borrowed more than ten thousand yuan to collect twenty thousand yuan as reserve funds.
Extended data:
Ma Yun's activities before he founded Ali:
1995 In May, China Yellow Pages was officially launched, and Ma Yun began to do business with friends around him. At this time, there are still three months before China can get online.
In July, 1995, China Yellow Pages made a website for Zhejiang Foreign Affairs Office to publicize Zhejiang's economy and culture online, which was called "Golden Pigeon Project".
1March, 1996, because Hangzhou Telecom also made the yellow pages market in China, Ma Yun decided to merge with Hangzhou Telecom. China Yellow Pages was priced at RMB 600,000, accounting for 30% of the shares, and Hangzhou Telecom contributed RMB 654.38+RMB 4,000 in cash, accounting for 70% of the shares.
From 65438 to 0997, after being invited by MOFTEC to establish China International Electronic Commerce Center (EDI), Ma Yun decided to give up China Yellow Pages. He sold his 2 1% China Yellow Pages to the company at a low price of 20 or 30 cents per share and got back 65,438+10,000 yuan.
Later, Ma Yun and his team developed a series of websites in Beijing, such as the official website of the Ministry of Foreign Trade and Economic Cooperation, online China Commodity Exchange Market, online China Technology Export Fair, China Investment Promotion Association, online Canton Fair, and China's foreign trade and economic cooperation.
Baidu Encyclopedia-Ma Yun