NEW YORK, October 16, 2014 - Alibaba founder and CEO Jack Ma accepts his Asia Game Changer of the Year award from Asia Society in a ceremony at the United Nations. Ma recounts his company's rise from modest beginnings and concludes with the homily, "Keep your dream alive because it might come true one day." (7 min., 36 sec.)
From the time he was 10, Ma Yun would ride his bike for 40 minutes every morning to a local hotel in his hometown of Hangzhou, in eastern China, just to practice English with foreign tourists. That was the first sign of the global vision that would lead Jack Ma, as he later became known, to become China's foremost internet entrepreneur, the founder and executive chairman of its largest e-commerce business, the Alibaba Group.
Ma launched Alibaba out of his Hangzhou apartment in 1999 with just a handful of colleagues. By 2012, its online transactions exceeded 1 trillion yuan (more than 162 billion U.S. dollars), and its September 2014 IPO is expected to be one of the biggest in U.S. history.