Imagine an online e commerce platform that is more valuable than Facebook and combines all the benefits of E Bay and Amazon, while giving us products more than both the platforms combined. Yes. You guessed right. The platform in question here is Alibaba, one of the largest e commerce platforms not just in China, but the whole world.
While so much is known about Alibaba, how much is really known about Jack Ma, the founder behind this giant? Today, we are here to give you ten facts you may not know about the brilliant founder.
1. The time he was kidnapped
In 1995, Jack Ma was travelling to the United States for the first time business, functioning as an entrepreneur. Part of his business included trying to collect a debt for a friend from an American businessman in Malibu, California. Turns out, the businessman did not want to pay Jack Ma and instead, locked him up in his house out at gunpoint! Jack Ma barely escaped with his life intact.
2. An English teacher to an entrepreneur
Jack Ma began his career as an English teacher. In fact, when he was thirteen years old, he started learning English by waking up at 5.00 A.M. every day and travelling around on his bike to speak to foreigners. This practice helped him learn English the right way and also helped in increasing his people skills. He started his career as an English teacher!
3. When he first discovered the internet
Jack Ma discovered the internet in the year 1995, when he laid his eyes on a computer. When he discovered the internet, it inspired him to start his business, China Yellow Pages. He started this company with 7000 yuan ($1140) and a loan from a family member.
4. The inspiration behind the name Alibaba
Jack Ma came upon the name Alibaba at a coffee shop. He asked the waitress what she thought about the name and she said it sounded like “Open Sesame.” According to Jack, this is exactly what the point of the e commerce platform was and that is how the name came to being.
5. His hero
Did you know that Jack Ma’s real life hero is not even a real human being? It is Forest Grump! Explaining his love for the character, Jack said, “I watched the movie again, telling me that no matter whatever changed, you are you. I’m still the guy 15 years ago, you know, I only earned like $20 a month. Today I can do that much.” Now you can see why he is Jack’s hero!
6. The first Chinese to appear on the Forbes cover
Did you know that while Forbes celebrates entrepreneurs and ground breaking philosophers, Jack Ma was the first Chinese entrepreneur to appear on the cover of Forbes!
7. His true love
The man behind Alibaba has one true love and it is not the world of technology. He loves showbiz and dogs! He has a gorgeous husky named Apollo who is always by his side.
8. His parents were illegal performers
While Jack Ma is the founder of a very legal business, his parents worked in an illegal practice. They practiced the art of “pingtan”, a Chinese tradition of musical storytelling that was banned during Mao’s Cultural Revolution from 1966 to 1976.
9. His alter ego
Did you know that Jack Ma has an alter ego? Apart from his given name, he also goes by the name of Feng Quinyang, a legendary swordsman who is known for his aggressive, unpredictable and reclusive character. The nickname fits his business practices but not his public life. Jack Ma is no recluse.
10. His wife thinks he is ugly!
Clearly, looks are not important for Jack Ma’s wife. She fell for the brilliantly hard working man behind the very ordinary face that is Jack Ma. Quite an adorable love story, this one!
Ma was brought up in a communist country. He saw his first computer at the age of 31 and barely graduated from University. Despite all odds, he has now become one of the most successful entrepreneurs. Jack Ma may have had many failures in his life but his tale to success is one a lot of us aspire towards. Start now and if you work hard enough, you can get to where he is without writing a single line of code in your life!
Industry-Academia-Government Collaboration is the Need of the Hour: Experts at PanIIT India Event
- Ease of investment regulations and enhanced industry funding for research are the top priorities
- Tamil Nadu CM, M.K. Stalin and J&K LG, Manoj Sinha graced the event as Guests of Honour
PanIIT India, an umbrella body representing the alumni of IITs, organized its flagship event – PI-WOT 2021 – Global Virtual Technology Summit on September 17th – 18th. The 36 hours long mega event with more than 100 eminent speakers, 15000 delegates and 10+ knowledge sessions witnessed compelling discussions on transformative technology and its adoption to generate empowering solutions for the world. The dialogues were facilitated through engaging verticals of seminars, hackathon competition and a startup showcase.
Shri M.K. Stalin, Hon’ble Chief Minister, Government of Tami Nadu, the Guest of Honour, addressed the event by saying, “IIT has made proud contributions in Tamil Nadu’s growth and stood firmly in finding pioneering solutions. The state has a favorable ecosystem with highly skilled youth, surplus solar power and most number of SEZs making it an ideal place for innovative enterprises. We would want PanIIT to continue to collaborate with us in becoming a technical hub for emerging technology.”
Guest of Honour, Shri Manoj Sinha, Hon’ble Lieutenant Governor, Jammu & Kashmir and an IIT BHU alumnus highlighted the rapid transformation triggered by technology and stressed upon the need for businesses and industries to adapt and keep pace with technological changes. Speaking on the reconstructive power of technology he added, “The days are not far when there wont be any electricity, electric cables or solar panels, as our windows, glass panels and roofs itself will generate electricity. Or the new education apps and modules with the help of artificial intelligence (AI) and robotics, will make the teachers obsolete wherever possible.”
Delivering the grand keynote, Asha Jadeja Motwani, Founder, Motwani Jadeja Family Foundation, shared her thoughts on the reforms required to cultivate the business environment in India. “As an emerging global power, India must accept global corporate norms in the country and partner with global powers like United States or Israel on military front and this is something that the IIT alumni and startups should keep on their radar.” Ashutosh Sharma, Secretary, Department of Science and Technology, Government of India, brought a policy perspective and said, “We need right kind of policies for Science, Technology, and Innovation and we can see that there are encouraging developments taking place at this front.”
After the completion of inauguration ceremony and keynote addresses, the Summit moved on to have dialogues on the key themes of technology – AI, Automation, IoT, Cloud, Virtual Reality, and Digitization via multiple seminars and the involvement of 100+ distinguished experts. In subsequent sessions, experts across sectors deliberated upon the current industry scenario, emerging trends, challenges, and recommendations to foster an enabling environment for deep science and deep tech to solve some of the most critical world issues.
Industry veterans, Kris Gopalakrishnan, Chairman Axilor Ventures, Co-founder Infosys; Desh Deshpande, Life Member, MIT Corporation and K Ananth Krishnan, CTO, TCS stressed upon the need for a deeper collaboration between the industry, academia, and government. Experts also felt that the government must ease out rules for global capital to come to India and highlighted that industry funding for research should increase in future for greater success.
Some of the prominent names from the industry, Dr. Aloknath De, CTO, Samsung R&D India; Irina Ghose, ED, Cloud Solutions, Microsoft, India; Sanjay Kaul, President, APAC & Japan, Service Provider Business, CISCO; Jeyandran Venugopal, CTO, Flipkart; Smita Ojha, Engineering Director, Google Workspace; Abhinav Sinha, Global COO & Chief Product Officer, OYO; Arun Chandavarkar, MD, Biocon Biologics Ltd.; Sumit Gupta, Co-founder and CEO, CoinDCX, were part of the discussions that took place in the two-day virtual affair.
Mr. Krishen K. Dhar, Chairman, PanIIT Alumni India in his address said, “First, I would like to congratulate the winners of Hackathon and Startup Showcase. We hope the winners can bring about empowering change through their innovations. Second, the aim of this summit was to establish dialogues on new & latest technologies and to bring different stakeholders under one roof and encourage collaborations. Through PIWOT 2021, we have been able to advance these objectives and would continue to do so in future as well.“
PanIIT is the umbrella organization of alumni of IIITs around the world, working towards building a knowledge pool of people and resources to address global challenges. It represents over 200,000 graduates from all the IITs, and has active chapters in the US, India, Europe, Canada, Australia and Singapore. With IIT alumnus is top positions in the private and public sector, civil services, research and development, academia, and doing illustrious work, PanIIT has an ambitious agenda to direct its resource pool to undertake impact-making initiatives to create a better tomorrow.
A Step towards Solving the Oxygen Crisis in Country, Albot Technologies Inaugurates O2 Plant in Pune
A 500 LPM oxygen plant was inaugurated by Mr. Ajit Pawar, the Deputy Chief Minister of Maharashtra on Friday. The plant has been made operational by Albot Technologies Pvt. Ltd. in collaboration with D.Y. Patil International University (DYPIU) and is installed in the premises of D Y Patil Dnyanshanti School, Akurdi. This marked a monumental milestone towards a future with sufficient oxygen supply. To refresh one’s memory, during the second wave of the pandemic, India had immensely struggled with a rampant oxygen shortage. A sustainable solution to tackle such a critical issue was the need of the hour.
Mr. Ajitdada Pawar cuts the ribbon on Albot Technologies O2 Plant
The list of guests of honour also included the likes of Dr. Sanjay Patil – President, Dr. D.Y. Patil Pratishthan, Mr. Satej Patil – Chairman & Vice President Dr. D.Y. Patil Pratishthan, and Minister of State, Govt of Maharashtra and Dr. Prabhat Ranjan, VC D.Y. Patil International University.
The plant has been engineered to produce over 500 Litres of Oxygen per minute. It employs the well-known Pressure Swing Adsorption (PSA) technique by which the enriched oxygen is generated from the ambient air while filtering out the nitrogen. With the PSA technique, an oxygen purity of 93% can be achieved. Once the oxygen is generated, it can be directly supplied to the hospitals and industrial sectors.
“Our objective is to strengthen the oxygen manufacturing capacity in the nation to forestall the consequences as seen in the second wave of the pandemic. We are viewing this from a multidimensional perspective; enhancing the supply chain while keeping an eye on the evolving demand too,” said Dr. Akash Singh, CEO, Albot Technologies.
Under the Corporate-University collaboration, Albot Technologies has been in a partnership with DYPIU for technology, infrastructure, and healthcare projects.
This collaboration is fueled by the purpose to serve the community in the face of the COVID-19 pandemic and to develop indigenous O2 plant technology for future use under the “Make in India” initiative.
The specialized PSA technique used for this Oxygen plant is a “clean technology“. The raw materials used for this technique are only air and hence there’s no risk of contamination. The oxygen supplied via this plant can be stored for long-term usage and it’s completely safe to use because the chemicals used in the process are non-toxic.
Along with the added advantage of its capacity to produce 500 liters per minute, this O2 plant aims to annihilate India’s oxygen crisis substantially.
Sirca Celebrates Jashn-e-Rang with Key Partners as they Believe ‘Ghar Hai Aapse’
Sirca, one of the leading Italian and premium wood coatings brands in India hosted an event for its dealers and distributors family on September 13. The colorful event was carried out by following all COVID protocols, and the company hosted this program to spread positivity among its stakeholders.
Sirca Celebrates Jashn-e-Rang Event
Named Jashn-e-Rang, Sirca organized this event to live up to the companys motto Ghar Hai Aapse With this event, the company made a positive move by showcasing how events can be carried out in a new normal scenario.
Apart from distributors, dealers, and stakeholders, Bollywood beauty Malaika Arora, and singer Khadke Glassy fame Ashok Masti also graced the occasion with their presence. “Even though the global pandemic has taken a toll on the entire business sector in India, Sirca believes in positivity, and we have now celebrated our past achievements by giving rewards and recognition to dealers and distributors. We also inaugurated our new office and manufacturing units, and it is a clear indication that business operations can be done without any toll in this new normal scenario. As the second wave of the pandemic has now waned in India, I strongly hope that all business operations will be bounced back strongly in the nation,” said Apoorv Agarwal, Sirca Joint Managing Director.
“When the pandemic badly affected the world of business, Sirca stood tall as an industry leader. By organizing this event, Sircas exuberance is a huge example and great inspiration for the market, it’s always a pleasure to partner with such a spirited brand,” said Darpan Sharma, CEO & Strategist, DigiStreet.
- Industry-Academia-Government Collaboration is the Need of the Hour: Experts at PanIIT India Event
- A Step towards Solving the Oxygen Crisis in Country, Albot Technologies Inaugurates O2 Plant in Pune
- Sirca Celebrates Jashn-e-Rang with Key Partners as they Believe ‘Ghar Hai Aapse’
- JM Financial Products Limited Announces Tranche I Public Issue of upto Rs. 500 Crore of Secured, Rated, Listed, Redeemable NCDs
- Rejove Introduces Clear Aligner System for Professional and Advanced Orthodontic Treatment
- 250 Million Children are Still at Home, but Learning Shouldn’t Stop
- NRIDA to Explore Smart Solutions to Improve the Pace of Rural Road Construction and Up-keep
- Kyzer Software Announces Expansion Plans
- Philanthropist Billionaire Sudha Reddy to make her debut at Met Gala 2021
- Zed Black’s Bambooless Agarbatti, Manthan Dhoop Sticks Launched at Ganesh Chaturthi
- Winni Ropes in Media Veteran Vivek Satya Mitram as Executive Vice President – PR and Communications
- ICFAI Deemed University Launches BBA-MBA, B.Com-MBA and B.Sc (Data Analytics) Programs at its Off Campus Center, Bangalore
- Gillette India Launches New MACH3 Grooming Range, a 20-year Iconic Legacy Redefined
- TVS Motor Company Expands and Strengthens its Presence in South Africa
- Target Achievers of Indian Realty, Adding Credibility to Real Assets
- Developers Unanimous about Growth in the Residential Segment to Peak in 2023
- An Ex-Armyman Major Jasdeep Singh Felicitated with Times Excellence Award 2021
- BPCL’s AI Enabled Chatbot ‘Urja’ Enhances Digital Experience of Customers
- India Pavilion at Expo 2020 Dubai to Showcase Resurgent India’s March to Becoming a USD 5 Trillion Economy
- ‘SKF Goa River Marathon’ to be Held on 12 December 2021