JACK MA

~1 of the richest man in Asia, Jack Ma!~

One of the reasons why Premier Pure is expanding towards technology industry is knowing more about this great gentleman. DHA warriors lets get to know more about him!

Jack Ma (a.k.a. Ma Yun) was born on October 15, 1964, in Hangzhou, located in the southeastern part of China. He has an older brother and a younger sister. His family didn’t have much money when they were young.After then-US president Richard Nixon visited Hangzhou in 1972, Ma’s hometown became a tourist mecca. As a teenager, Ma started waking up early to visit the city’s main hotel, offering visitors tours of the city in exchange for English lessons.

Without money or connections, the only way Ma could get ahead was through education. After high school, he applied to go to college — but failed the entrance exam twice. After a great deal of studying, he finally passed on the third try, going on to attend Hangzhou Teacher’s Institute. He graduated in 1988 and started applying to as many jobs as he could.He received more than a dozen rejections — including from KFC — before being hired as an English teacher. Ma was a natural with his students and loved his job — though he made only $12 a month at a local university. ( A never say die attitude , perfectly fits the characteristics of Premier Pure elites )

Though his first two ventures failed, four years later he gathered 17 of his friends in his apartment and convinced them to invest in him and his vision for an online marketplace he called “Alibaba.” The site allowed exporters to post product listings that customers could buy directly.Soon, the service started to attract members from all over the world. By October 1999, the company had raised $5 million from Goldman Sachs and $20 million from SoftBank, a Japanese telecom company that also invests in technology companies. The team remained close-knit and scrappy — “We will make it because we are young and we never, never give up,” Ma said to a gathering of employees. ( Similarly , this is the same philosophy passed down by our CEO , Mr Simon Sim )

In 2005, Yahoo invested $1 billion in Alibaba in exchange for about a 40% stake in the company. This was huge for Alibaba — at the time it was trying to beat eBay in China — and it would eventually be an enormous win for Yahoo too, netting it ~$10 billion in Alibaba’s IPO alone. Ma stepped down from his post as CEO in 2013, staying on as executive chairman. Alibaba went public on Sept. 19. “Today what we got is not money. What we got is the trust from the people,” Ma told CNBC. The company’s $150-billion IPO was the largest offering for a US-listed company in the history of the New York Stock Exchange. It also made Ma the richest man in China, with an estimated worth of $25 billion.The IPO may have made Ma an extremely wealthy man, but he hasn’t made any flashy purchases (yet), and he still has some pretty modest hobbies. He likes reading and writing kung fu fiction, playing poker, meditating, and practicing tai chi. He has even teamed up with Jet Li to spread awareness of tai chi. ( And we believe the achivements of Alibaba is the vision of Premier Pure Pte Ltd )

-Some advices from the richest man in china!!-

Jack Ma: The 4 main questions the young generation must ponder on!

• What is failure: Giving up is the greatest failure.

• What is resilience: Once you have been through hardships, grievances and disappointments, only then will you understand what is resilience.

• What your duties are: To be more diligent, hardworking, and ambitious than others.

• Only fools use their mouth to speak. A smart man uses his brain, and a wise man uses his heart

Jack Ma: Don’t make complaining and whining a habit

• If you complain or whine once in a while, it is not a big deal.

• However, if it becomes habitual, it will be similar to drinking: the more you drink, the stronger the thirst. On the path to success, you will notice that the successful ones are not whiners, nor do they complain often.

• The world will not remember what you say, but it will certainly not forget what you have done.

Jack Ma’s advice to entrepreneurs

• The opportunities that everyone cannot see are the real opportunities.

• Adopt and change before any major trends or changes.

• Rather than having small smart tricks to get by, focus on holding on and persevering.

• Your attitude determines your altitude.

• A great opportunity is often hard to be explained clearly; things that can be explained clearly are often not the best opportunities.

And last but not least,

• Today is cruel, tomorrow will be worse, but the day after tomorrow will be beautiful.

Hope this short summary of Jack Ma will let DHA comrades learn some valuable lessons and reminders! Like wat our Premier pure leaders always say; SUCCESS IS A JOURNEY , NOT A DESTINATION! Lets embrace the vision and bring Premier Pure Pte Ltd to the heights and success like Alibaba!

Your trusted health partner; Premier Pure Dewey Ho n Associates