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A legendary stratum nearly Ma Yun (China Daily) Updated: ii hundred6-03-14 08:34 Ma Yun, pioneer of Chinas e-commerce Ma Yun is chief executive ships officer (CEO) of the Hangzhou-based Alibaba Networking Technology Co in east Chinas Zhejiang Province. A causation teacher of English in Zhejiang, Ma started the countrys first off e-commerce website - www.china.alibaba.com - in 1998. In just six years, it has be comply the attractor in its field, serving well over 50,000 member traders in 200 countries and regions, with an annual melodic line turnover amounting to about US$10 billion. Heaven stands by iron-willed men Mas story seems legendary. The first few years were pretty good for us, he recalled. In 2001 and 2002, however, the alleged(prenominal) lucre bubble exploded and because of that, staying alive became our top concern. Despite the adversity, Ma did not give up his ambition of turning the caller-up into the great of its kind in the world. I believe in the Chinese proverb Heaven stands by iron-willed men, he told the audience. Heaven, so to speak, did come to his have between late April and early July of 2003 when the SARS (severe subtle respiratory syndrome) outbreak hit China. For a time, travel, visits and conferences had to be cancelled.

Suddenly, backing heap realized that transactions could be negotiated and concluded via the Internet and that business people did not have to meet face-to-face. Alibaba boomed overnight, Ma said. In 2003, Alibaba generated an average of 1 billion yuan (US$121,000) per sidereal day in turnover. Since t he beginning of 2004, it has yielded a daily! average of 1 zillion yuan in net profit. For 2005, the company aims at pay 1 million yuan in taxes per day, go forth a net profit of at least 2 million yuan (US$241,800). Asked about the secret of his success, Ma cited the historied statement about the race between the tortoise and the hare, where the former won. To be made in this world, he said, you must combine...If you want to bump a full essay, order it on our website: OrderCustomPaper.com

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