Alibaba is one of the biggest online business companies in the world. Their sale is more than competitors, eBay and Amazon.com combined. On 19 September, its market value was measures as US$ 231 billion after selling their IPO in United States. They do internet-based e-commerce business, including business to business online web portals, online retail and payment services, a shopping search engine and data-centric cloud computing services.
The founder is Jack Ma, a Chinese entrepreneur who studied English major in a university in China. He said that “the day we got connected to the Web, I invited friends and TV people over to my house,” and on a very slow dail-up connection, “we waited three and a half hours and got half a page…. We drank, watched TV and played cards, waiting. But I was so proud. I proved (to my house guests that) the internet existed.”
He and his friend, other 17 young people, started founding Alibaba.com on April, 1999. At this time in China, founding a website is what people don’t impress. People will rather do other business instead. But he and his young team founded the online shopping website and expanded the business from year to year. Today it become the leading online business website in China and is in the list of top e-commerce website in the world. Jack Ma is just 49 years old today. He started website at the age of 35. You are not too old to start one. I don’t mean only online business but also any other business where your passion exist.
To start a business, a vision is very important. He forecasted the future market of the country and chose to do online business. A vision changed his life and the country. Do you have a vision now? You can see many online business websites in Myanmar today. It is not a new vision anymore if you have the same idea with others. Think of any other idea. An idea can change your life and your country. You need to learn both global and local market first before you start a business. Do what other people are not doing. Creat a new thing. Innovate. Find something out which is not existing in Myanmar or create it. Someone said that the best way to predict the future is to creat it. Start doing something new. Be an entrepreneur!
Author: Aung Kham