Ma Swell, the 50-year-old founder was born in the Chinese city of Hangzhou, but twice failed his college entrance exam. And he later enrolled on a teacher training course before working as an English teacher on less than £10 a month.
He visited the US in 1995 realised the potential of the internet and four years later, he launched a website named alibaba, where firms buy and sell goods online.
Alibaba now accounts for more than 80% of internet retail sales in China, and handles more transactions than eBay and Amazon combined.
The successful share sale saw the fortune of founder Jack Ma swell to £11billion, confirming him as China’s richest man.
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