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From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

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He used to be a legend in the entrepreneurial world, and he only relied on the "spear" of e-commerce to build his own business empire, and made no difficult business in the world with his own efforts. He talked eloquently at the World Economic Forum and was sought after by countless entrepreneurs.

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

He has one of the most classic quotes: "I have no interest in money".

The history of self-made struggle has not only become an idol in everyone's mouth, but also made countless people affectionately say: "Daddy Ma!" ”

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

He is - Jack Ma, a legendary man.

But now, this legendary man has fallen from the altar, from an entrepreneurial hero sought after by everyone to an ugly capitalist that everyone shouts about.

What exactly did he do wrong? Even the officials couldn't sit still and criticized him by name.

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

From the people's teacher to the business owner

Don't look at Jack Ma's super business acumen, but when he was a child, his math scores were not good, which led to him barely being admitted to high school after taking the high school entrance examination twice.

In high school, no matter how much he studied math, his grades never improved. is even more because of the fact that his math scores were held back, and he was admitted to Hangzhou Normal School after taking the college entrance examination 3 times.

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

But Ma Yun's luck was still good, it happened that the undergraduate English students of Hangzhou Normal University were not full that year, and Ma Yun was recruited into the foreign language department because of his excellent English scores.

After graduating from university, Ma Yun went to Hangzhou Institute of Electronics to work as an English teacher.

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

Because of its witty and humorous teaching methods, it has been welcomed and recognized by many students, and has won the title of "Top Ten Outstanding Young Teachers in Hangzhou".

But Jack Ma's ambitions don't stop there, he always has an entrepreneurial dream in his heart.

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

In 1992, Jack Ma partnered with a retired teacher to start a translation agency. However, due to the lack of funds and the impact of the employment environment, translation agencies often struggled to make ends meet.

In the end, in order to make ends meet, the small translation agency was divided into two parts, one for translation and the other for selling small goods.

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

In the face of such a difficult environment, Ma Yun did not give up, and finally three years later, Ma Yun turned from a loss to a profit.

In 1995, at the invitation of the Hangzhou municipal government, Jack Ma went to the United States to ask for investment funds.

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

But when I arrived in the United States, I learned that this company was a liar at all, not only did not collect the investment money, but even his personal freedom was restricted.

With only 25 cents on him, Jack Ma can't even go home.

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

In desperation, he held the mentality of a dead horse as a live horse doctor, and gambled on the slot machine, and God still favored Ma Yun, and Ma Yun actually won 600 US dollars.

But with the $600 he won, Jack Ma did not return to China directly. Instead, go to friends in Seattle and learn about the Internet here.

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

When Jack Ma returned to China, he came up with the idea of creating an Internet company, and thus officially embarked on his own entrepreneurial road.

Jack Ma and his Alibaba

Inspired by foreign Internet thinking, Ma Yun scraped together 20,000 yuan non-stop after returning to China and partnered with his classmates to open a studio called "Haibo Network Company".

At that time, the most valuable thing in the whole studio was a computer.

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

It was through this computer that Jack Ma created a website of his own, "China Yellow Pages", which is also the earliest Internet website in the mainland.

Although the website was launched, domestic companies were not familiar with the Internet at that time, and some people even thought that Jack Ma was a liar.

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

Thanks to Jack Ma's efforts, the Zhejiang Provincial Foreign Propaganda Office finally agreed to let Jack Ma make a website about propaganda.

It was only when the real website page was placed in front of them that they believed that Jack Ma was not a liar.

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

After the enterprise truly feels the charm of the "Internet", business will continue to come to the door. By the end of 1996, the company's performance exceeded 7 million.

With the popularization of Internet thinking, everyone gradually realizes the importance of the Internet, and everyone wants to share this "bonus cake".

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

In order to combat market pressure, Jack Ma had to cooperate with Hangzhou Telecom. However, in the process of cooperation, the two sides disagreed.

Hangzhou Telecom wants to rush and seize market share, but Ma Yun wants to be steady. Since the other party's shares are much higher than Ma Yun, Ma Yun can only obey unconditionally.

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

Seeing that the company could not operate according to his own ideas, Ma Yun resolutely chose to leave.

After leaving the company, Mr. Ma went on to work as general manager of a government unit.

But under the working mode of "one board and one eye", his dream will definitely be shattered, and after recognizing such a reality, Ma Yun came up with the idea of opening his own company.

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

In 1999, Ma Yun mobilized his connections and "wooed" the people around him to join him.

In this way, Ma Yun called a total of 18 people, raised 500,000 start-up funds, and began to establish Alibaba.

At the beginning of the company's establishment, in order to save money, they all worked in an ordinary house, staying for 18 hours, and with their hard work day and night, Alibaba was born!

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

Career is in full swing

After the birth of Alibaba, many companies have found business opportunities on the website, and Alibaba's success also attracted the attention of Tsai Chongxin, the "venture capital giant" at that time.

In Tsai's view, the investment feasibility of this project is very large.

As a result, Tsai Chongxin injected 5 million investment funds into Alibaba and became a veritable financial officer of Alibaba.

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

With this investment fund, Ma Yun let go of his hands and feet.

With the continuous influx of funds from all sides, by 2000, Alibaba had become a real "big enterprise".

Fate always favors those who are prepared. By 2003, when the SARS epidemic was raging, Ma Yun saw the opportunity to invest in the Taobao website to the market.

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

Suddenly, the "online shopping style" began to take root in the hearts of the people.

In 2004, Ma Yun launched Alipay, and since then, online shopping has begun to "sweep the country", and Ma Yun has also made "a lot of money".

Jack Ma not only opened up the road of China's e-commerce, but also became a legend in the mainland.

Ugly capitalists

In an interview on the show, Jack Ma said the classic wise saying: "I'm not interested in money." ”

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

As soon as this sentence was said, even the host next to him, Sa Beining, was suffocated from internal injuries, and he looked at you quietly with an expression of "pretending to be forced".

If Ma Yun has so much money that he doesn't know it, I may still believe it, but he said that he is not interested in money, which is a bit "disgusting".

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

If Jack Ma doesn't care about money, then why did he create Alibaba, launch Taobao and Alipay, and put money into his pocket one after another?

If at this time, Ma Yun began to show the ugly face of his capitalist, then Ma Yun's next series of operations put himself on the verge of being shouted and beaten by everyone.

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

Ma Yun said that he didn't care about money, and at the same time he was busy carrying money into his pocket, this inconsistent approach is really "disgusting".

After the launch of Taobao and Alipay, Ma Yun still didn't think he made enough money, and in 2020 he wanted Ant Financial to go public.

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

The ugly face of Jack Ma's capitalist has finally been discovered. Because as long as Ant Financial goes public, two trillion dollars will enter his pocket effortlessly.

If this money really enters Jack Ma's pocket, once any problems arise, the economic market order of the mainland will definitely be disrupted, and it will be our ordinary people who will be hurt at that time.

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

Therefore, the state urgently called off this action.

And that's not even more excessive.

In order to monopolize the market, Jack Ma stipulates that all merchants who stay on Alibaba's platform cannot cooperate with other platforms.

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

Even in order to further seize market share, Ma Yun did not hesitate to spend 2.6 billion yuan to buy a 74% stake in Intime Department Store.

Jack Ma's ambitions are getting bigger and bigger, and after acquiring Yintai, he "pocketed" Wanda.

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

Ma Yun not only competes with enterprises, but also with the vegetable market at the bottom of the market. Seeing that Ma Yun did not leave a way for other companies to survive at all, the State Administration for Market Regulation finally took action.

In 2021, he was fined 12.8 billion, and even publicly criticized this behavior in the People's Daily: "What does an Internet person do when he looks at people's vegetable baskets all day long? ”

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

Jack Ma's bad behavior doesn't stop there.

Jack Ma proposed the "996" work system, advocating that everyone should go to work at 9 o'clock in the morning and leave work at 9 o'clock in the evening, working 6 days a week.

With such a high intensity of work pressure, what is the difference between it and the ancient Zhou Papi?

Moreover, Ma Yun also explained Alibaba's layoffs in this way, believing that layoffs are the process of sending talents to society, and he is the real "victim".

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

If you fire a 35-year-old middle-aged man, at this embarrassing age, what company can want him? As the pillar of the family, what does he rely on to support his family?

That's right, Ma Yun has so much money that he can't spend it all, how can he understand what the life of the people at the bottom of society is like?

epilogue

After these events, Jack Ma gradually faded into obscurity.

Recently, someone photographed Jack Ma buying vegetables on the streets of the United States market, no different from the ordinary people around.

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

The glorious days of struggle are in the past, and perhaps Jack Ma only wants to live the life of an ordinary person now.

Although, a generation of "heroes" is now eclipsed and has become the capitalist who shouts and beats in everyone's mouth.

But we have to admit that Jack Ma has made a lot of contributions to our country.

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

Jack Ma's success is inseparable from his own efforts and brains, and even more inseparable from the promotion of the whole society.

But if he can't put on a correct posture and think about giving back to this society, but indulges in those "crooked and heretical" ideas all day long, and does things that are harmful to the people and society.

From an entrepreneurial hero to an ugly capitalist, the People's Daily has criticized, what mistake did Ma Yun make?

Well, in the end, he has only one end!

"Water can carry a boat and capsize a boat", this society has helped Ma Yun reach the peak, and finally he can "trample under his feet".

Resources

CCTV: China's Internet Godfather: Ma Yun's Entrepreneurial History Failure is the mother of success.

Huanqiu.com: Jack Ma stepped down as chairman of the board of directors of Alibaba: return and departure.