Jack Ma, the founder of Alibaba Group, has been described as one of the most powerful figures in the international business market. The company, founded in 1999, is now the largest online shopping venue in the world. Today, Alibaba Group owns and operates the leading e-commerce websites in the United States, Europe, and China. This giant online retailer has emerged as one of the leaders in online retailing in China. The e-commerce company has sold more than $1 billion worth of goods and services to over 800 million customers. It is also one of the largest employers in the country with more than eight million employees. Through its various business ventures, the Alibaba Group can now be considering a top global organization.
Before becoming the owner of Alibaba Group, Mr. Ma was a professor of commerce at the University of Hong Kong. He has also been the chairman of several Chinese business organizations. At the University of Hong Kong, he served as the Vice-Chancellor of the College of Commerce. He held many posts before becoming the president of the University of China. In his capacity as the president of the University of China, he chaired the China Federation of Universities, the China Central Television, and the China Institute for International Studies. His expertise was in management and marketing, and he was known for his business acumen.
As the leader of Alibaba Group, Jack Ma has a lot of responsibilities and a broad scope of responsibilities for the company. He is a vice-chairman of the board of the China Mobile Group, which holds majority ownership in the company. He is also the co-founder of JD.com, a subsidiary of Alibaba Group. The company has a total of six flagship retail businesses in China, and this includes Yuyuan, Jingdong, Ant Financial, Chunghwa Telecom, Zhongwang, and ViaTrade. It operates an online retail platform that offers goods and services to a large number of consumers in China.