![]() ![]() Photo: ShutterStockīit by bit, Ma erected businesses that met the needs of each niche. They received a staggering $20 million USD investment from SoftBank, essentially making Alibaba’s success possible. ![]() The site attracted small Chinese manufacturers looking for an easy way to reach buyers. He’d raised $80,000 from 80 investors to launch the Alibaba, which is a Chinese marketplace for companies. In 1999, Ma left his job to begin Alibaba with 17 friends. In under eight hours, he had five emails. Still, Ma was intrigued, and so he made a webpage for his translation agency. At the computer, Ma typed in what any young man might: “Chinese beer.” The results were disappointing – nothing came up in the search. The first time Jack Ma interacted with a computer was in 1995, when he was in the United States working as an interpreter – his side gig from his fulltime job as an English language teacher. Setting the Stage: Before AliExpress Jack Ma, Alibaba’s founder. Even after leaving the president position at the company, AliExpress keeps being a prime example of what Ma’s vision has accomplished, and where the future of ecommerce is poised to go. It’s been twenty years since Ma launched Alibaba in China, and in that time he’s become an icon in the digital business space. UPDATE on June 25, 2020: AliExpress’ History and its Expansion to Latin America ![]() But this is no surprise under the umbrella of CEO Jack Ma’s Alibaba, AliExpress completes the hole in his ecommerce empire that satisfies online shopping from every angle. The Chinese-based platform, which is not a retailer itself, launched in April of 2010 and rocketed in popularity almost immediately. In less than a decade, heavy-hitter ecommerce site AliExpress has secured its place as one of the world’s most internationally used retail destinations. ![]()
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