What is Alibaba? How did Ma Yun find Alibaba? Thank you for your questions.

Name: Ma Yun Nationality: China Date of birth: 1964 10 Birthplace: Hangzhou, Zhejiang Education: Bachelor Degree: Foreign Language Department Service of Hangzhou Normal University: Alibaba Group Position: main founder, chairman and CEO of Alibaba Group Chairman and non-executive director of Alibaba (B2B) Company, director of Softbank Group, CEO and general manager of Yahoo China, When the domestic Internet boom was rising, the sensitive Ma Yun did not follow suit, but accurately grasped his long-term experience in serving businessmen on the Internet. He made it clear that the development direction of his company was to establish an online business information and opportunity exchange website for businessmen all over the world. One day before and after Christmas in 2007, Alibaba B2B website, which was established only eight years ago, will successfully raise HK$ 7.8 billion in Hong Kong, setting a record for the most Internet financing in China. "As the first Internet business model truly created by China people themselves, Alibaba's listing will accelerate the whole process of e-commerce and national informatization in China." Internet commentators such as Lu, president and chief analyst of Wang Zheng Consulting Co., agree that Ma Yun and Alibaba will be one of the most influential enterprises and figures on the Internet in China. However, since 1995 first came into contact with the Internet, Ma Yun's entrepreneurial journey was not smooth sailing. The first time I touched the net, from primary school to middle school, Ma Yun was repeatedly held back by mathematics, but his English was surprisingly good. Fighting and doing small business occupy most of the young Ma Yun's time. After three college entrance examinations, Ma Yun was admitted to the Foreign Languages Department of Hangzhou Normal University. During his college years, Ma Yun studied foreign languages at home and eventually stayed in school as an English teacher. When I was in college, Ma Yun worked for many years, just because a teacher said "it can't be done for five years at most". Although Ma Yun worked as a teacher for many years because of this sentence, he finally got out of school and set up a translation company, and made use of a trip to the United States to get in touch with the Internet for the first time. "1995, in Seattle, I came into contact with the keyboard for the first time in my life and searched online. That year, I started my own business. I am like a blind man riding on a blind tiger. Until now, I still know nothing about network technology. " Ma Yun said. After Ma Yun returned to China, he immediately invited 24 friends to discuss at home. As a result, 23 friends objected, and only one said that they could try. However, Ma Yun, who stayed up all night, began to prepare his own company the next day. He said I would do it even if 24 people were against it. 1In April, 1995, Ma Yun and his wife raised 20,000 yuan together with a friend, and Haibo Network, a company specializing in making home pages for enterprises, was opened. The website was named "China Yellow Pages". CCTV producer Wang Lifen first paid attention to Ma Yun. In a video circulating on the Internet, the lonely Ma Yun sells his products everywhere in the scorching sun of Beijing, but he never knocks on a door. Later, the Internet in China became hotter and hotter, and Shanghai near Hangzhou officially opened the Internet, and Ma Yun's business volume surged. When companies are busy building their own homepages, Ma Yun's foresight has brought him huge profits. At that time, the price of making a home page with 2000 words in Chinese and English and color photos was 20000 yuan. In less than three years, Ma Yun made an easy profit of 5 million yuan and became famous in China. 1997 At the invitation of the Ministry of Foreign Trade and Economic Cooperation, Ma Yun led an entrepreneurial team to the north, and established a series of national websites such as 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 Foreign Trade and Economic Cooperation. "We made the first website trading market in China, the first import and export exchange. The cooperation between the government and us is very pleasant. " Ma Yun said, but later, due to different opinions on whether to help small and medium-sized enterprises or large enterprises in the business direction, Ma Yun was extremely distressed. This cooperation ended in failure, and Ma Yun returned to Hangzhou. Born in Zhejiang, Ma Yun saw that small and medium-sized enterprises were eager to go out because of limited channels and resources. Ma Yun wants to do something for them, but he doesn't know how. Starting from e-commerce, the first wave of Internet in China reached its peak from 65438 to 0999. Many big cities in China have Internet services. Internet pioneer Ying Haiwei made an exciting advertisement in Beijing: "How far is China people from information expressway? ——1500m north. " At that time, Sohu, Sina, Netease and other websites have been doing well, while Chinaren, Renren and other websites have also pushed the Internet in China to a climax. When the domestic Internet craze was on the rise, the sensitive Ma Yun did not follow suit, but accurately grasped the e-commerce field that was still a new thing at that time. Based on his long-term experience in serving businessmen on the Internet, he made it clear that the development direction of his company is to establish an online business information and opportunity exchange website for businessmen all over the world. Later, a trip to Singapore and an experience on the Great Wall inspired Ma Yun. 1At the beginning of 999, Ma Yun was invited to attend a seminar on e-commerce in Asia, but Ma Yun found that 80% of the speakers came from the United States, 80% of the cases they used came from the United States, and 80% of the listeners came from western countries. However, the theme of the conference is e-commerce in Asia. Ma Yun believes that the United States is the United States, Asia is Asia, China is China, and China should have its own e-commerce model. After returning home, Ma Yun went to the Great Wall in distress. He looked everywhere: Jack is here, Joey is here, Mike is here ... Ma Yun thought, this may be the most primitive BBS mode. "The creation of Alibaba was inspired by my trip to the Great Wall and Singapore." After returning to Hangzhou, Ma Yun met with 17 business partner for the first time in his home. He said: "From now on, we will make a website." He explained his ideas to everyone, and then asked everyone to put their spare money on the table. Ma Yun's requirements are: first, don't borrow money from home; second, don't borrow money from friends. All the money must be idle money, because it is likely to fail. I can sell the house if necessary. In the end, they raised 500,000 yuan to set up the Alibaba website. Why is it named Alibaba, Ma Yun? Results The website gained the effect of "open sesame" soon after its establishment. Buyers and sellers who were trapped by the imbalance of supply and demand information before seemed to suddenly see a treasure. Alibaba soon attracted the interest of businessmen all over the world, and more and more people knew their website. From the establishment of 1999 in March to more than one year later, Alibaba has 250,000 members in more than 200 countries and regions, with 300,000 commercial messages in stock and more than 2,000 messages updated every day. Later, Alibaba received continuous capital injection from Softbank and Yahoo, and its business developed rapidly. Now Alibaba has become the most noteworthy enterprise in China's Internet industry.