Jack Ma started his first business in April 1995, establishing China's first Internet business company - Hangzhou Haibo Computer Service Co., Ltd.

Jack Ma's first entrepreneurial experience:

1. In March 1995, Jack Ma resigned from Hangzhou Institute of Electronic Industry, took out 6,000 or 7,000 yuan, borrowed more than 10,000 yuan from his sister and brother-in-law, and collected 20,000 yuan to start his own business.

2. In April 1995, Hangzhou Haibo Computer Service Co., Ltd., China's first Internet business company, was established. The three employees were Jack Ma, Jack Ma's wife Zhang Ying and He Yibing.

3. In May 1995, China Yellow Pages was officially launched, and Jack Ma began to do business with his friends. At this time, it was still 3 months before China could access the Internet.

4. In July 1995, China Yellow Pages built a website for the Zhejiang Provincial Foreign Propaganda Office to promote Zhejiang's economy and culture online, named "Golden Pigeon Project".

5. In March 1996, since Hangzhou Telecom also launched a Chinese Yellow Pages to share the market, Jack Ma decided to merge with Hangzhou Telecom. China Yellow Pages was valued at 600,000 yuan, accounting for 30% of the shares, and Hangzhou Telecom invested 1.4 million yuan in cash, accounting for 70% of the shares.

6. In 1997, after receiving an invitation from the Ministry of Foreign Trade and Economic Cooperation to establish the China International Electronic Commerce Center (EDI) in Beijing, Jack Ma decided to give up China Yellow Pages. He sold his 21% of China Yellow Pages to the company at a price of 0.02-0.03 per share and took back more than 100,000 yuan. After that, Jack Ma and his team developed a series of websites in Beijing, including the official website of the Ministry of Foreign Trade and Economic Cooperation, the online China Commodity Trading Market, the online China Technology Export Fair, China Merchants, the online Canton Fair, and China Foreign Trade and Economic Cooperation.

Ma Yun’s major achievements include:

1. Founded Alibaba Group in 1999

2. Won the 10th Japan Entrepreneur Award in 2008

3. China’s Economic Business Leader of the Decade in 2009

4. CCTV China Economic Person of the Year in 2012