First time: founded Haibo translation agency.
It was 1992. Ma Yun was a young teacher at Hangzhou Institute of Electronic Technology. He is 28 years old and has worked for four years. His monthly salary is less than 100 yuan. But no money is not a problem. He found several partners to start a business together and set up the first professional translation agency in Hangzhou. At the beginning of starting a business, it was also difficult. In the first month, translation agency went to 700 yuan with all his income. The monthly rent was 2400 yuan. So kind colleagues and friends advised Ma Yun to stop fooling around, and even the confidence of several partners was shaken. But Ma Yun doesn't want to give up.
In order to maintain the survival of translation agency, Ma Yun began to sell underwear, gifts, medicines and other small commodities, and sold them everywhere like many salesmen. He was humiliated and looked down upon. In the past three years, translation agency has survived by selling these groceries by Ma Yun. From 65438 to 0995, translation agency began to make profits, and Haibo translation agency also made great contributions to Ma Yun's entrepreneurial experience. Haibo translation agency's greatest inspiration to Ma Yun is: Never give up. Without money, you can succeed as long as you never give up.
The Second Time: Founding China Yellow Pages
China Yellow Pages is the first website in China, which was established because of Ma Yun's experience in the United States. 1995 In early 1995, Ma Yun visited a friend's Internet company in Seattle and saw the magic of the Internet with his own eyes. He immediately realized the huge development prospect of the Internet in the future and immediately decided to return to China to do the Internet. At the beginning of his business, Ma Yun had no money, and all his possessions were only 6,000 yuan. So he sold the office furniture of Haibo translation agency, borrowed money from relatives and friends, and made up 80,000 yuan. Plus the investment of two friends, the total is only 654.38+10,000 yuan. For an Internet company, a mere 654.38 million+is really shabby.
For China Yellow Pages, in the early days of its establishment, capital was indeed the biggest problem. Due to large expenses and little business, at worst, the company only has 200 yuan cash in its bank account. However, with the indomitable spirit, Ma Yun overcame all kinds of difficulties and turned the turnover from zero to several million.
The third time: founded Alibaba
Alibaba is undoubtedly a miracle in the history of Internet in China, which was created by Ma Yun and his team. But when Alibaba started its business, it didn't have much money, 500 thousand, which was pieced together by 18 people. 500 thousand, it's all their money However, it is this 500,000 yuan that Ma Yun wants to build the world's largest e-commerce company and enter the top ten global websites. Later, he succeeded.