Jack Ma, born Ma Yun on the 10th of September 1964 in Hangzhou, Zhejiang, is a Chinese businessman and philanthropist. He is the co-founder of Alibaba Group and Yunfeng Capital, and the founder of the Jack Ma Foundation.
How many times did Jack Ma fail the gaokao before getting into university?
Jack Ma sat the Chinese college entrance exam three times. He scored 1 point in mathematics on his first attempt in 1982-19 points on his second in 1983, and 89 points on his third in 1984. He was admitted to Hangzhou Normal University only because the English department had not filled its enrollment target.
Why was Ant Group's IPO halted in 2020?
The Shanghai Stock Exchange halted Ant Group's IPO on the 3rd of November 2020 amid concerns from the People's Bank of China, which had sought since 2018 to regulate Ant Group as a financial holding company rather than a tech company. Regulators were also worried about the company's high valuation and systemic financial risks.
How much did Alibaba raise in its 2014 IPO?
Alibaba raised over 25 billion dollars in its initial public offering on the New York Stock Exchange in September 2014.
What happened to Jack Ma's voting rights in Ant Group after the 2023 restructuring?
In January 2023, Ant Group restructured its ownership so that Ma's voting rights fell from 50% to 6%. After the changes, no single shareholder held a controlling stake in the company.
What is the Jack Ma Foundation and what does it focus on?
The Jack Ma Foundation is a philanthropic organization founded by Ma that focuses on education, the environment, and public health. Its activities have included supporting rural teachers in China, funding earthquake relief, and donating medical supplies during the COVID-19 pandemic. In May 2025, Time Magazine named Ma one of its Time100 Philanthropy honorees for his work through the foundation.