Jack failed his University entrance exams three times before he finally succeeded! MA was also rejected from a number of jobs including one for KFC. Even when he applied to Harvard Business School, he was rejected ten times!
But all this did not deter Jack, who was bubbling with ambition! After a trip to the U S in 1995, he became interested in the internet and saw the lack of Chinese presence on the web. With $20,000 of his own money, he started his first venture, China pages, to promote and build websites for Chinese companies.
Four years later, he founded Alibaba as a business-to- business market place turning it to one of the most important technology groups of companies in the World, and became one of the richest men in the world worth $34.9 billion!