An ordinary young man in Shanghai, Sun Tongyu, who was once regarded as "incompetent" by Alibaba, finally relied on tenacious struggle and entrepreneurial passion.
Sun Tongyu, this seemingly ordinary name, contains a wonderful entrepreneurial legend. As a child from an ordinary family in Shanghai, he has had a strong interest in programming since he was a child. After graduating from university, Sun Tongyu joined Alibaba, which was in the limelight at the time, but was quickly regarded as "incompetent" and marginalized by the head of the year, Jack Ma.
Just when he encountered a bottleneck in Alibaba, a chance made Sun Tongyu realize the huge potential of social e-commerce. So, he resolutely left Ali and founded Pinduoduo with his friend Wang Tao.
At the beginning, this entrepreneurial project focusing on the "group buying" model was questioned, but Sun Tongyu and his team were not discouraged, but with an accurate grasp of user needs and continuous innovation, Pinduoduo finally gradually occupied the emerging track of social e-commerce.
Today, Pinduoduo has grown into an e-commerce giant with hundreds of millions of users, and its market value has even surpassed Alibaba, which looked down on Sun Tongyu back then. In the face of the rise of Pinduoduo, Ma Yun also sincerely admitted that it was his biggest regret to miss this new track back then.
Ma Yun's every move has attracted much attention, do you remember the unknown Ma Yun? In 1995, he worked in a small translation agency in Hangzhou. At that time, Ma Yun commuted to and from work every day, taught, and translated, living an ordinary life. No one thought that such an ordinary guy would become a billionaire in a few years!
However, Jack Ma's luck is not good. Ma Yun resigned from Hangzhou Normal University, rented a 20-square-meter cottage by the West Lake in Hangzhou, and founded the "Hope Translation Agency" with his former colleagues. In those years, business was like the backwater of West Lake, stagnant. Jack Ma and his colleagues relied on contracts from foreign companies to keep the agency running.
One year, luck finally took a turn for the better, and the Hope Translation Agency took a big order and earned a considerable honorarium. Ma Yun, who should have been happy, made a seemingly "crazy" decision - he took a one-year long vacation from the school and planned to devote himself to the development of the translation agency.
Friends didn't understand Ma Yun's approach, and even dissuaded him: "It's too rare to have a stable job now, just let it go?" What if the translation agency loses money? Ma Yun said with a smile: "I believe that as long as our team works together, we will be able to break into a new world."
Sure enough, Jack Ma's bet finally won. Under the leadership of Jack Ma, Hope Translation Agency is gradually on the right track. After a year of hard work, not only the previous deficit was reversed, but also a considerable profit was accumulated.
On September 25, Alibaba Group was listed on the Hong Kong stock market at an issue price of HK$13.5, which is very attractive for a company that has been working quietly on the mainland for many years. On the day of listing, investors inside and outside the market were eyeing Ali shares, hoping to get a piece of the pie.
With the sound of the opening gong, Alibaba's share price rose rapidly, breaking through the HK$30 mark in just a few hours, and the highest was once close to HK$40. At the close, Alibaba's share price was frozen at HK$38.7, up 186% in a single day, setting the best first-day performance in the history of the Hong Kong stock market.
The scene was in full swing that day, and Alibaba CEO Jack Ma held flowers in his hand and happily cut the ribbon for the company's listing. Many investors are happy and predict that Alibaba's stock price will rise in the future.
Some analysts believe that Alibaba, as a leading domestic e-commerce company, with its strong performance and future development prospects, it is reasonable to open high this time.
However, Alibaba's stock price showed a downward trend in the first few trading days after its listing. Some investment experts remind that any new stock will inevitably have speculative speculation in the short term, and investors should remember to look at it rationally and not be confused by temporary ups and downs. After all, Alibaba's long-term growth is key.
Over the next few trading days, Alibaba's stock price climbed as if it had been ignited by a rocket thruster. On the fifth trading day after listing, Alibaba's share price rose to a record high of HK$41.8, which made investors applaud.
For a time, Jack Ma and his Ali empire became the focus of global attention. His net worth skyrocketed by billions of yuan in a few days, and Jack Ma became the richest Chinese in one fell swoop. Later, some investment banks estimated that Ma Yun was worth more than 20 billion yuan at that time, becoming the richest man in Asia.
All this happened beyond everyone's expectations. How can an Internet company, which has only been established for 8 years, set off such a frenzy in the capital market? The answer is simple, because Alibaba has a unique business model and an advanced layout for future technological development.
In the shopping mall, the competition between the bigwigs has always been talked about. As one of the most successful entrepreneurs in China and the world, Jack Ma's recent move has once again sparked heated discussions in public opinion.
No, in 2013, he suddenly launched an instant messaging tool called "Contact" in an attempt to challenge WeChat's dominance in this field. Is this move simply a surplus of funds and "itchy money", or is it motivated by higher goals and ambitions? Let's find out.
First of all, we have to admit that Jack Ma's launch of "Contacts" does have its own uniqueness. As an instant messaging tool that emphasizes "business communication", "Contact" is aimed at the special group of business people. Unlike WeChat, which focuses on social networking, "Contact" provides professional functions such as initiating meetings and sharing files, which seems to be closer to the actual needs of white-collar workers.
However, industry insiders were quick to point out some glaring flaws in the "dealings". For example, the interface design is monotonous and boring, lacking the unique selling point of innovation; Another example is that there are too many other products in the Alibaba ecosystem, and there is potential homogeneous competition. It can be said that "Contacts" was questioned a lot at the beginning of its launch.
In the face of such a predicament, Jack Ma also seems to realize that it is difficult to shake WeChat's leading position in this field by relying on the internal forces of the Alibaba system alone. Therefore, he quickly used his keen business sense to adopt a series of strategies of "seeking common ground while reserving differences".
On the one hand, "Contact" began to actively produce some differentiation with WeChat, such as highlighting business, paying attention to privacy protection, etc., and launched new functions close to the needs of business people, such as voice and video conferencing; On the other hand, Jack Ma has also begun to expand to WeChat mini programs, mini games, etc., and "Contact" is gradually incorporating more interesting social and entertainment elements.
To be honest, Jack Ma's story is indeed twisty and exciting. From an obscure little teacher, all the way up, and finally became a business giant, such a legendary experience is really admirable.
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