🔥 Want me to help you make money with UA-cam? Go to: magnates.media/youtube (I'll personally guide you every step of the way & tell you everything you need to know... I'll even show you exactly how I built MagnatesMedia from 0 to a 7 figure business... so you can copy my systems!) Lately I’ve been posting more regularly (not difficult given I used to post like once a month 😅!) but in case you missed it, here’s my video from earlier in the week about Rolex: The most secretive company in the world: ua-cam.com/video/IbwYuT8_c00/v-deo.html ⌚👀 Also I know my voiceover audio needs improving - I’m definitely working on that for future videos. 👍 And finally, don’t forget to check out AppSumo (it’s genuinely really useful): social.appsumo.com/magnatesmedia-tidycal - if you run any sort of online business, you’ve probably noticed you end up with a bunch of different software/subscription payments every month, right? Well with Appsumo you can get lifetime deals at ridiculously discounted prices (like sometimes 90% of the normal price). I’ve got multiple deals from here myself which is why I reached out to them to be a sponsor. And if you use my link you get an EXTRA discount on top of their normal discount (the discount applies to any product, not just TidyCal). Only for the first 100 people though so be quick!
I honestly find this story incredibly inspirational, and scary. Somebody that was so successful, that made good decisions, and the whole forest grump thing. .. makes a lot of sense. Somebody who had advisors, who he listened to,and he did what they said ....I dig it!!
@@hustlecoder1673 he didn't feel he is more than the government, he simply said they are incompetent when it comes to finance. you can call out a fault in someone or something, without thinking your better or above them. criticizing your government isn't wrong at all, its only wrong when its a communist country. we say much worse on a daily basis here in the US.
@@justarandompepe8961 First I don't think it is correct to say communist country, unless you mean China. Second, it is not completely wrong in China as well. People complains and say worse things about the goverment as well, but it is not recommended to make it public, not to mention someone like Ma so famous, smart and trusted by millions of Chinese. PRC is a country with a flag represents unity of all the Chinese ethnic groups, all the classes, under the communist party, so there is nothing wrong that stability of the sociaty is the main focus on every level.
Elon Musk knows how to sound intelligent to a certain audience, Jack Ma is just Jack Ma to the world. He comes from a truly modest background, his genius doesn't need to be proven.
Doesn't matter that Jack doesn't sound intelligent all the time or that Elon is the world's foremost stutterer. The proof is in the pudding, not the size of the saucepan.
A lot of businesses buy their entire stock from Alibaba then resell them at much higher prices. This is what will keep Alibaba in business for many years to come. The fact that you can start a small makeup business complete with customized branding and design your own products is amazing and many people in different countries use that feature. I had no idea Jack Ma had such a humble upbringing and was a failure at school. In the West it is always smart people who rise to the top. His story is encouraging.
@QuantumMeme I meant school smart, like grades and the like. In the video he says that it was difficult for him to graduate form high school and all that. Compared to the others who went to MIT and Harvard and all that. As in typical smartness.
Yep. Used to be part of a co-op where we would pool our money together to do big purchases of bedding from Alibaba sellers. Was pretty decent money but politics and people in the co-op getting lazy kind destroyed it.
I know someone like this! (I wish I was like this lmao, I too failed school) He is very very intelligent. Has smart abstract ideas that no one else has done something out of (apps, programs). He didn't finish primary school which is mandatory in Sweden. Yet this person has worked tons of different jobs (yet when I go searching, everyone require high school/secondary school edu?), he has very much experience. BUT. He also struggle with ADHD, dyslexia, dyscalculia... And add the fact that he didn't even finish primary school. Unfortunately. AND people will take you less seriously if that fact is mentioned! :/
In what "West" is it "always" the smart people who rise to the top? In the U.S. it is usually the most corrupt and sociopathic people who rise to the top. And always by eliminating any competition.
Another documentary so soon? Thanks guys, but how do you sleep? When I see a new release from you, I actually get prepared with beers and snacks like it's a new release from a TV series or movie I've been waiting for. You're creating content that better than a lot of the shit that those mainstream production houses come out with. Keep it going guys, you're onto something very cool
The amount of perseverance he had is insane, really does inspire to not easily give up. It really showed that with every set back he had, it powered him to work even harder. Thank you for the amazing content, one of my favourite channels to watch. The amount of info compiled and edited to transition so smoothly is amazing! Hopefully this isn’t a trade off with rest 🥺
Even a Donkey works hard and hustle everyday. Remember, its easy to get Rich but difficult to be there. And Jack ma is a live example 😂. It reminds me of Vanderbilt family😂😂
So sad what happened to Jack. I'm routing for him because of his humble beginnings and how he was able to overcome. I love your content and storytelling skills. Always. I hardly subscribe but I have and I keep coming back because your content is intriguing
"Woking from 9 to 9, 6 days a week is a blessing" is what he said. He actually forced his workers to do that. Because if you don't do that, someone else will. Then you are fired.
This is a very common practice in China. yet we see American workers whine every day about 8 hour shifts and how the capitalist system oppresses them. Let them live in beautiful communist China, where the state literally owns you, where you have to work for 40 years to buy your home (at the same time, after buying you only get housing for use for 75 years, after which the state takes it away), and where for any criticism of the ruling parties in the social network, the goverment will deprive you of any privileges. Your standard of living directly depends on how unique work you are doing. A cashier at McDonald's has a shitty life under any regime and in any country. I am not trying to describe here the solution to the current problems of capitalism. I just wanted to say that his alternative in the flesh will be much worse, because we have had and still have examples of how the communist concept is slipping into dictatorship, repression and restrictions on human freedom. While people in the West swear and argue with each other endlessly, China is conducting a covert expansion of the Western world, planning to completely subjugate the world market and the global media space in the next 30-40 years (and they are successfully implementing their plan with applications like tik tok or discord and with endless cheap production. That's why they need Taiwan, because the latter produces almost all microelectronics in the world). Russia has already put the whole of Europe on a gas and energy needle and, relying on it, does what it wants. As a result, the "modest East", which does not endlessly talk about idiotic topics like the oppression of transgender people, but works together for a common goal, successfully takes the entire West hostage. And, judging by the ongoing stratification in the Western bloc, this does not bother people at all. If only gas was cheap, tik tok videos were funny and goods from aliexpress arrived faster... P.S. And for those who like to oppose the property tax in the United States - China has it too. This is how any city in any country works. Without taxes, there will be no one and nothing to serve its entire infrastructure, develop new directions, repair roads, sidewalks, etc. And yes, under absolutely any regime there will be a stratification of society into the poor and the ultra-rich. It's inevitable, it's human nature.
@@keeptryingtop you my friend have my like. It's quiet true. I'm from a Chinese background. The only benefit they have is that afternoon break. Lol. 12-3pm lunch.
@@keeptryingtop wow, nice argument, one thing can't be bad because this other thing is even worse. This argument won't solve anything, all it does is make people who are in the "good" situation feel guilty for struggles they have because others have it worse. Its not a competition. I do think what you are talking about is important but using it to discredit other people's struggles is just not good.
@@Savariable classic "whataboutism" in a feeble minded attempt to have a "gotcha!" Moment. Because often when ppl do this it shows they really don't care about either situation.
I've just discovered your channel and It's crazy to think you're channel is not that big yet or didn't blow up cause the quality and the production of your content is phenomenal, it's like watching a high budget documentary. Keep up the great work tho.
It would be bigger if he didn’t end every sentence ‘like this-ehhhrs’ like have you ever heard anyone end their sentences like that? It’s so jarring and you can’t unhear it
What surprises me is that Jack Ma has suddenly become an inspiration, whereas this was not the case a few years ago. In fact, some claim that Alibaba is government-owned when that is untrue and accuse Jack Ma of being some kind of spy for the Chinese government. Now you want to say Jack Ma has always been an inspiration? Give me a break. Growing up in the USA, anyone who was Chinese was labeled as a spy, both Chinese overseas and Chinese Americans. In fact, that is why there is Asian hate now, because all these Americans have this idea that if you are Asian, you are a spy or some alien from another planet. Basically, being Asian means they are outsiders.
Many years ago, this was not the case for many Americans. Americans weren't just accusing Jack Ma of being some kind of Chinese spy or pawn for the CCP; they also accused his company, Alibaba, for the same reasons. In fact, the USA has imposed sanctions against Alibaba. Americans weren't just accusing Jack Ma of being some kind of Chinese spy or pawn for the CCP; they also accused his company, Alibaba, for the same reasons. In fact, the USA has imposed sanctions against Alibaba. In some cases, any order placed by Americans was blocked from being shipped into the USA.
China just came out with a better tone toward their tech industry and markets. Assuming that geo political events do not get worse between the USA vs China. I am making a Long term asset accumulation bet on BABA.
Yep, good Talk. 2022 will be a rollercoaster for sure. Stocks valuations are at an all time high while at the same time we have the threat of inflation, rising interest rates and supply chain and productivity issues to deal with. Something is going to have to give. I think it will be the Markets that will have to correct. How much and when - who knows. Sanity hasn't prevailed in this bear market and I suspect it wont prevail in a correction/crash.
I hope everyone have their cash ready to jump in at the right time. Secure your financial future with calculated moves. The stocks market still remain your best bet in becoming a millionaire.
@@baileymclean8186 The market is an individual sport and to be successful in this uncertain market there is no secret sauce , its all abt mindset, patient and good habit . The best way to outperform the market , yielding good returns and reduce permanent loss of capital and portfolio overall volatility is to get an investment advisor . Based on firsthand encounter, I can say for certain their skillsets are topnotch, I've raised over $700k from an initially stagnant reserve of $300K in barely 2 years
I never knew advisors are outperforming the market and yielding good returns . Please how do i reckon with a reputable investment advisor, Any tip? i wouldn't mind lookup the one that helped you
@@glenbert1396 They are reputable advisors out there . The advisor i employed is Theresa Mary Chamblee " whose skills in portfolio growth are unmatched and clientcentered . You can do a weblookup on her using her fullname. Also, she is verifiable across various Advisory bodies; like FINRA & SEC
Stumbled upon your channel through one of your uploads about Instagram & I've been hooked since. This is such a gem of a discovery! Keep doing what you're doing 💪🏻💪🏻💪🏻
I can’t stop watching your videos! They’re SUPER addicting. I work by myself fixing homes and You my make my days better. Feels like I’m being productive and learning at the same time. Your awesome man! Best UA-camr I’ve ran into! And I’ve been using this platform since 2008.. Your videos inspire me and motivate me to keep Perusing Wealth and create business ideas! 💡. Thanks for all the work you put and research to provide great videos! I hope it’s paying off! If not, it will eventually 😎👍✌️
Jack is the most capable entrepreneur to influence the future of Chinese financial systems but his moves are too risky and impatient. If he decides to play the prolonged strategic game then things would play out differently
I really used to enjoy Jack Ma's presentations, he seemed like a honest & humble human. Even though he had all that wealth he never forgot how he was treated b4 the money.
i never saw such a great documentary on jack ma. I always thought how he competed against ebay etc, and how did jack ma who was so poor, able to compete in the segment needing lots of upfront cost for marketing.
Jack Ma’s criticism of the Chinese government is perhaps the most intriguing part of this entire arc. Surely he must’ve known there’d be some severe if not dire consequences. So either a) he is kinda that dumb, or b) that was his way of voluntarily stepping down from the company because he was done. I’d like to believe he knew what he was doing, but we may never know.
Alibaba made us able to make money by security buying lots of goods from China and sell it on multiple e-commerce platforms specifically on Amazon. It created a fortune for us in last three years. Thank you Jack Ma
Wow, what a story! I hope he's okay. This is why government policy (and power dynamics in general) matters. Your life can be ruined in an instant. Thank you for another great video.
First of all, i think you did a great coverage of Jack ma and his background, but there is something that you didnt know, or maybe didnt dig hard enough. Jack ma family is not as poor as u say, his father is the chairman of music & art association back in zhejiang china, even before that, he is a famous artist and calligrapher back in those days. Jack ma has access to computer & internet way ahead of many people at that era which give a huge head start before anyone else. Secondly, if you are talking about ANT group, what u cover is probably half of the story...the second half of the story is that he is trying to manipulate the market with just 3million RMB and leverage to a crazy amount of 1000X or even more...which will be jeopardizing china economy if anything goes wrong...Even he did not make the speech about chinese finanical oversight & making critical statement about the regulations, he will still be pegged down as he will create financial bubble and making new ways for foreign capitalism to come in and control chinese investor wealth...when that happens, chinese government will have a hard time to solve this problem. I am not a PRO-CCP but that the government is doing is to prevent capitalism taking over the country. To be honest, look at US government and congress, guns and fire arms banning movement has been said and even promote to a country level which wish to make it happen for a long time, but what they do not see is the wealth and profit that is linked to all the governors and senators. so you tell me if the chinese government has do anything to give a false accusation to their own countryman?
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I'm stuck. I so want your channel to blow up and be hugely successful but the selfish part of my brain loves that those of us here know a big secret and are part of it. Lol. I do tell people about your channel and how awesome it is.
It is said that Ma Yun is no longer in China. For some reasons, he left Alibaba, which he founded, and no longer made speeches in public. However, his previous speeches were still very popular and loved by people. Perhaps it is because of his advanced concept and perseverance. He loves environmental protection and cares about education, which I admire.
he is probably still in china ,if he was in another country he would have been active or has been spotted here and there,powerfull and leaders like him need a buzy life
Holy crap...the beginning of this sounds exactly like my life...except I didn't get to enjoy the incredible turnaround resulting is massive success. Rather, the horrible luck and string of failures persisted despite anything I did to change it. Eventually I decided to stop trying to push so hard and instead relax and let the universe provide the pathway forward... Worst decision I ever made because apparently, the path the universe had mapped out for me was horrific luck and an endless string of failures.
I know John never responds to comments, but seriously how many editors/researchers etc are on the team to create videos this fast? Its pretty mind blowing. This would take a single person 2 months to make
@@patrickmccullough3147 This is true. I also don't want to shit on Magnates, his videos are great. Its just peculiar most of his comments are praising the video almoat identically and not discussing the subject material of the video all the time
@@stereo-soulsoundsystem5070 you actually bring up a good point, and I think that may be a downside to this editing style. It’s very high level and looks amazing, but it’s also mesmerizing in a way where it can detract from the story of the video IMO. I’ve noticed mostly comments about the presentation as well
@@dna8269 Honestly scrolled down for comments about the video as I find what happened to Ma really fascinating and wanted to hear what others thought, but I only found comments about the video editing and timely uploads
@@sonofage he is taking sponsorships from sketchy/ scam companies. even companies the same industry that he is exposing. he is also offloading most of his work to presumably 5iver guys
I commend the Chinese government for its proactive and resolute steps in addressing monopolistic tendencies within certain companies, notably acknowledging the exponential growth and potential risks posed by an entity like Alibaba, which has expanded to a scale where its dominance in the market could pose significant challenges and potential hazards to fair competition and consumer welfare.
Not only that, lucky they didn't catch it too late before a portion of it's entire country's infrastructure could have turn over to some unknown foreign investor/entities if a miscalculation were made once the Ant group was form. That is too much power for one company running so many things that a country rely on for it's economic. It was a very close call.
You don't know what you're talking about. Xi cancelled the ANT ipo personally because his political rival zhang ze min's people are big investors in Ant, and they stood to make billions, and xi wanted to crush them
This man gives me hope. I fail at every job, I’m antisocial, I hate going to school, I’ll never become a housewife, don’t want kids, I want to stay single, have zero hobbies and when I get one I’m bored after a couple of weeks. Making money being creative is a hobby, so hopefully I’ll succeed in being a creative entrepreneur one day.
I love how consistence you are with your uploads. You not compromising on the quality. Credit for you John The story of Jack is jhus insane. It's full inspiration showing that with commitment and not giving up that you can reach your ambitious it's the true definition that failure is apart of success. And also crazy how he disappeared he from the face of planet.
I used to work as CS for Lazada.. Ali's sub company. There was Taobao and Tmall integration in certain part of the app, and it was hectic to even understand as those two don't offer Eng as a language haha
two of my friends used to work at Lazada too. one was in the IT support (i can't remember what it's called) and she quit within 2-3 months due to how shit the working conditions was for lazada employees. the other one was in marketing and she split too. she told me that her team was celebrating reaching a sales target or more but got called by china side to stop the celebration because it was "just their jobs" to reach the goal. Also, in China, for those reading, the CCP gov has their hands in everything, Jack Ma isn't the only billionaire to be under the CCP snare. there are countless others, anyone that can reach a certain stratosphere of the CCP gets their head chop off, or they just "disappear" but for jack ma, suddenly into philanthropy? yeah right. that's why the CCP member's children go overseas, live a lavish lifestyle and treat their money like it would be gone tomorrow. you never know when the CCP decides that it's over for you.
I couldn't find a job for awhile either. It was just ridiculous. Put in applications and never got a call back. Even places that had open interviews. It's kind of bad to say but Covid really helped me, it wasn't until Covid hit I was able to get a job. This was only McDonald's but it was a start. I was able to get hired at Walmart and moved up to team lead, making pretty good money for someone with no real credentials. My dad will bring up how Covid really helped me, without it I'd probably still be stuck being rejected by every employer. It has a horrible effect on your psychology. The worse I felt, the harder it was to accomplish anything.
He's not crazy, that crazy interview was just him not taking the interview seriously. You can find older interviews of him where he is remarkably insightful
Jack Ma was right about the banking sector and now Li Ka-Shing's decision to divest from his mainland Chinese business operations, specifically his Chinese banking equity, will put Li Ka-Shing on the right side of investment history because China is becoming too difficult to make money in across many industries. I respect the Shrewd, frugal decision by Li Ka-Shing and blimming bold stance of Jack Ma in the face of the CCP's communism. Brilliant, up-to-date reporting!!!
He seems like an ok guy, kind of sweet. I'm glad he wasn't disappeared entirely, but too many people would be asking too many questions all over the world. Too bad alibaba is full of scams.
Bigger question... What did Yahoo do with all the money they made from that investment? Besides throw it all down the drain on useless pages that they end up closing
Magnate I love you. You're really an inspiration, and maybe one day you'll make a movie on my success story- thanks for the hard work you put in to your work. Pls neva stop.
11:00 Jack English is quite good, as an English native speaker learning Spanish as a second language, It stuck me as clear for me get the idea of what he was saying.
In my mind, II'm just in the failures chapter of the MagnatesMedia video that will be made about me, the story of Jack is really aspiring, thanks MagnatesMedia for making me strive for something greater.
Taobao is dominated by businesses nowadays. The main difference between tmall and taobao nowadays is that tmall has an official office or shop address, whereas taobao does not require that of sellers. However, taobao seemed to have acquired 闲鱼， which is a lot more like that taobao used to be, ie b2b. 闲鱼 doesn't even have cart functions, so a buyer can only message the seller individually to specify what he wants to buy.
🔥 Want me to help you make money with UA-cam? Go to: magnates.media/youtube (I'll personally guide you every step of the way & tell you everything you need to know... I'll even show you exactly how I built MagnatesMedia from 0 to a 7 figure business... so you can copy my systems!)
Lately I’ve been posting more regularly (not difficult given I used to post like once a month 😅!) but in case you missed it, here’s my video from earlier in the week about Rolex: The most secretive company in the world: ua-cam.com/video/IbwYuT8_c00/v-deo.html ⌚👀
Also I know my voiceover audio needs improving - I’m definitely working on that for future videos. 👍
And finally, don’t forget to check out AppSumo (it’s genuinely really useful): social.appsumo.com/magnatesmedia-tidycal - if you run any sort of online business, you’ve probably noticed you end up with a bunch of different software/subscription payments every month, right? Well with Appsumo you can get lifetime deals at ridiculously discounted prices (like sometimes 90% of the normal price). I’ve got multiple deals from here myself which is why I reached out to them to be a sponsor. And if you use my link you get an EXTRA discount on top of their normal discount (the discount applies to any product, not just TidyCal). Only for the first 100 people though so be quick!
You're my favourite UA-camr now (seriously)! You really deserve to be more well known!
Just finished the Rolex one yesterday, amazing to hear the whole story. Another superb video mate ❤️
Did I just read this comment in John's voice?😂
bro how do u even sleep at night
Is this foreal
I like his response: people think he is dumb, but he knows what he is doing.
he looks dumb but he is not
Yes, I really like it
Elon Twitter buy is one the worst business moves ever now Tesla is suffering
True, I mean he is worth billions💀
I honestly find this story incredibly inspirational, and scary. Somebody that was so successful, that made good decisions, and the whole forest grump thing. .. makes a lot of sense. Somebody who had advisors, who he listened to,and he did what they said ....I dig it!!
he did good decisions but in the end he felt he is more than gvmt so that was his worse decision
@@hustlecoder1673 he didn't feel he is more than the government, he simply said they are incompetent when it comes to finance. you can call out a fault in someone or something, without thinking your better or above them. criticizing your government isn't wrong at all, its only wrong when its a communist country. we say much worse on a daily basis here in the US.
The rumor was that he was raped front and back simultaneously in prison for days. After that, he's been timid.
he is very lucky meet some Taiwanese's know how, because in mainland China no one have much knowledge about computer science
@@justarandompepe8961 First I don't think it is correct to say communist country, unless you mean China. Second, it is not completely wrong in China as well. People complains and say worse things about the goverment as well, but it is not recommended to make it public, not to mention someone like Ma so famous, smart and trusted by millions of Chinese. PRC is a country with a flag represents unity of all the Chinese ethnic groups, all the classes, under the communist party, so there is nothing wrong that stability of the sociaty is the main focus on every level.
My Dad told me a long time ago "it's not about what you accomplish, but what you overcome." I think about that almost everyday!
It's not about how hard you can hit but how hard you can get hit and keep moving forward.
That's what winnings about, Yo Adrien!
really deep and inspiring words❤
Elon Musk knows how to sound intelligent to a certain audience, Jack Ma is just Jack Ma to the world. He comes from a truly modest background, his genius doesn't need to be proven.
"Sound intelligent"? Implying he isn't intelligent or you're more intelligent than him?
@@chesshooligan1282 Not saying he's not intelligent just saying that he might not be as intelligent as he wants us to believe.
Doesn't matter that Jack doesn't sound intelligent all the time or that Elon is the world's foremost stutterer. The proof is in the pudding, not the size of the saucepan.
@@chesshooligan1282 Elon Musk is a con-man, that’s his intelligence, not what he’s trying to portray.
@@nestorjrabalos1998 agree
A lot of businesses buy their entire stock from Alibaba then resell them at much higher prices. This is what will keep Alibaba in business for many years to come. The fact that you can start a small makeup business complete with customized branding and design your own products is amazing and many people in different countries use that feature. I had no idea Jack Ma had such a humble upbringing and was a failure at school. In the West it is always smart people who rise to the top. His story is encouraging.
@QuantumMeme I meant school smart, like grades and the like. In the video he says that it was difficult for him to graduate form high school and all that. Compared to the others who went to MIT and Harvard and all that. As in typical smartness.
Yep. Used to be part of a co-op where we would pool our money together to do big purchases of bedding from Alibaba sellers. Was pretty decent money but politics and people in the co-op getting lazy kind destroyed it.
I know someone like this! (I wish I was like this lmao, I too failed school)
He is very very intelligent. Has smart abstract ideas that no one else has done something out of (apps, programs). He didn't finish primary school which is mandatory in Sweden.
Yet this person has worked tons of different jobs (yet when I go searching, everyone require high school/secondary school edu?), he has very much experience.
BUT. He also struggle with ADHD, dyslexia, dyscalculia... And add the fact that he didn't even finish primary school.
Unfortunately. AND people will take you less seriously if that fact is mentioned! :/
In what "West" is it "always" the smart people who rise to the top? In the U.S. it is usually the most corrupt and sociopathic people who rise to the top. And always by eliminating any competition.
^For Business & sponsorship inquiries.
Another documentary so soon? Thanks guys, but how do you sleep? When I see a new release from you, I actually get prepared with beers and snacks like it's a new release from a TV series or movie I've been waiting for. You're creating content that better than a lot of the shit that those mainstream production houses come out with. Keep it going guys, you're onto something very cool
So underrated!
I love this comment 😂
lol are you Jack Tran subscriber
Spot on! This is so relatable XD
@@vunguyentr5561 Seems like it 😂
The amount of perseverance he had is insane, really does inspire to not easily give up. It really showed that with every set back he had, it powered him to work even harder.
Thank you for the amazing content, one of my favourite channels to watch. The amount of info compiled and edited to transition so smoothly is amazing! Hopefully this isn’t a trade off with rest 🥺
Even a Donkey works hard and hustle everyday. Remember, its easy to get Rich but difficult to be there. And Jack ma is a live example 😂. It reminds me of Vanderbilt family😂😂
Do you guys even understand what will happen to him and his family memebers if his owner fall?They all gonna die amigo.
@@christopherpetrov2355 Life isn't about what you accomplish, but what you overcome. Learning from others mistakes instead of your own is key.
So sad what happened to Jack. I'm routing for him because of his humble beginnings and how he was able to overcome. I love your content and storytelling skills. Always. I hardly subscribe but I have and I keep coming back because your content is intriguing
Good for him
Yes. He’s not as powerful as he used to be. But he’s still very well off. He has still has more money than any person needs
you mean jake tran?
@@tariqulislam7051 wut? its jack Ma, not jake tran
He is a sociopath, having met him i won't say that he is the total opposite from the likes of Xi.
"Woking from 9 to 9, 6 days a week is a blessing" is what he said. He actually forced his workers to do that. Because if you don't do that, someone else will. Then you are fired.
This is a very common practice in China. yet we see American workers whine every day about 8 hour shifts and how the capitalist system oppresses them. Let them live in beautiful communist China, where the state literally owns you, where you have to work for 40 years to buy your home (at the same time, after buying you only get housing for use for 75 years, after which the state takes it away), and where for any criticism of the ruling parties in the social network, the goverment will deprive you of any privileges. Your standard of living directly depends on how unique work you are doing. A cashier at McDonald's has a shitty life under any regime and in any country. I am not trying to describe here the solution to the current problems of capitalism. I just wanted to say that his alternative in the flesh will be much worse, because we have had and still have examples of how the communist concept is slipping into dictatorship, repression and restrictions on human freedom.
While people in the West swear and argue with each other endlessly, China is conducting a covert expansion of the Western world, planning to completely subjugate the world market and the global media space in the next 30-40 years (and they are successfully implementing their plan with applications like tik tok or discord and with endless cheap production. That's why they need Taiwan, because the latter produces almost all microelectronics in the world). Russia has already put the whole of Europe on a gas and energy needle and, relying on it, does what it wants. As a result, the "modest East", which does not endlessly talk about idiotic topics like the oppression of transgender people, but works together for a common goal, successfully takes the entire West hostage. And, judging by the ongoing stratification in the Western bloc, this does not bother people at all. If only gas was cheap, tik tok videos were funny and goods from aliexpress arrived faster...
P.S. And for those who like to oppose the property tax in the United States - China has it too. This is how any city in any country works. Without taxes, there will be no one and nothing to serve its entire infrastructure, develop new directions, repair roads, sidewalks, etc. And yes, under absolutely any regime there will be a stratification of society into the poor and the ultra-rich. It's inevitable, it's human nature.
@@keeptryingtop you my friend have my like. It's quiet true. I'm from a Chinese background. The only benefit they have is that afternoon break. Lol. 12-3pm lunch.
@@keeptryingtop wow, nice argument, one thing can't be bad because this other thing is even worse. This argument won't solve anything, all it does is make people who are in the "good" situation feel guilty for struggles they have because others have it worse. Its not a competition. I do think what you are talking about is important but using it to discredit other people's struggles is just not good.
@@Savariable classic "whataboutism" in a feeble minded attempt to have a "gotcha!" Moment. Because often when ppl do this it shows they really don't care about either situation.
Yep....the 996 kind of life.
The moral of the story is: stay humble, stay true to your founding values. Don't be cocky.
I've just discovered your channel and It's crazy to think you're channel is not that big yet or didn't blow up cause the quality and the production of your content is phenomenal, it's like watching a high budget documentary. Keep up the great work tho.
Yeah agree, this channel should definitely blow up, superb work
Hopefully he doesn't become Jake Tran 2.0
It would be bigger if he didn’t end every sentence ‘like this-ehhhrs’ like have you ever heard anyone end their sentences like that? It’s so jarring and you can’t unhear it
He is big.. someone with a million views, how big can someone be
What surprises me is that Jack Ma has suddenly become an inspiration, whereas this was not the case a few years ago. In fact, some claim that Alibaba is government-owned when that is untrue and accuse Jack Ma of being some kind of spy for the Chinese government. Now you want to say Jack Ma has always been an inspiration? Give me a break. Growing up in the USA, anyone who was Chinese was labeled as a spy, both Chinese overseas and Chinese Americans. In fact, that is why there is Asian hate now, because all these Americans have this idea that if you are Asian, you are a spy or some alien from another planet. Basically, being Asian means they are outsiders.
Quality of a company produced podcast coming from one man, keep up the content
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I love Jack’s resilience, patience and persistence.❤
Many years ago, this was not the case for many Americans. Americans weren't just accusing Jack Ma of being some kind of Chinese spy or pawn for the CCP; they also accused his company, Alibaba, for the same reasons. In fact, the USA has imposed sanctions against Alibaba. Americans weren't just accusing Jack Ma of being some kind of Chinese spy or pawn for the CCP; they also accused his company, Alibaba, for the same reasons. In fact, the USA has imposed sanctions against Alibaba. In some cases, any order placed by Americans was blocked from being shipped into the USA.
China just came out with a better tone toward their tech industry and markets. Assuming that geo political events do not get worse between the USA vs China. I am making a Long term asset accumulation bet on BABA.
Yep, good Talk. 2022 will be a rollercoaster for sure. Stocks valuations are at an all time high while at the same time we have the threat of inflation, rising interest rates and supply chain and productivity issues to deal with. Something is going to have to give. I think it will be the Markets that will have to correct. How much and when - who knows. Sanity hasn't prevailed in this bear market and I suspect it wont prevail in a correction/crash.
I hope everyone have their cash ready to jump in at the right time. Secure your financial future with calculated moves. The stocks market still remain your best bet in becoming a millionaire.
@@baileymclean8186 The market is an individual sport and to be successful in this uncertain market there is no secret sauce , its all abt mindset, patient and good habit . The best way to outperform the market , yielding good returns and reduce permanent loss of capital and portfolio overall volatility is to get an investment advisor . Based on firsthand encounter, I can say for certain their skillsets are topnotch, I've raised over $700k from an initially stagnant reserve of $300K in barely 2 years
I never knew advisors are outperforming the market and yielding good returns . Please how do i reckon with a reputable investment advisor, Any tip? i wouldn't mind lookup the one that helped you
@@glenbert1396 They are reputable advisors out there . The advisor i employed is Theresa Mary Chamblee " whose skills in portfolio growth are unmatched and clientcentered . You can do a weblookup on her using her fullname. Also, she is verifiable across various Advisory bodies; like FINRA & SEC
You're genuinely underrated. I hope you are more well known soon!
Stumbled upon your channel through one of your uploads about Instagram & I've been hooked since. This is such a gem of a discovery! Keep doing what you're doing 💪🏻💪🏻💪🏻
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Jack Ma: "Money is liberty, money gains power. It's sweeter than honey."
Chi the Poo: "Power is power. I own all the honey."
Jack Ma is not naturally smart. He is the underdog that persistence paid off. He never gave up.
a bit harsh calling him crazy (on your thumbnail) - his perseverance is inspiring to say the least
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I can’t stop watching your videos! They’re SUPER addicting. I work by myself fixing homes and You my make my days better. Feels like I’m being productive and learning at the same time. Your awesome man! Best UA-camr I’ve ran into! And I’ve been using this platform since 2008.. Your videos inspire me and motivate me to keep Perusing Wealth and create business ideas! 💡. Thanks for all the work you put and research to provide great videos! I hope it’s paying off! If not, it will eventually 😎👍✌️
Jack is the most capable entrepreneur to influence the future of Chinese financial systems but his moves are too risky and impatient. If he decides to play the prolonged strategic game then things would play out differently
Never skip any of your videos. Great work!
I really used to enjoy Jack Ma's presentations, he seemed like a honest & humble human. Even though he had all that wealth he never forgot how he was treated b4 the money.
He went from ancestors sad to getting the bag
Man your videos are really good. I watched 2 of them.
Good vid bro, you clearly put a lot of effort in your videos. It's highly appreciated, keep the good vids coming please.
I was opening this channel to repeat the NESTLE doc , only to find this new one, thanks 😊
i never saw such a great documentary on jack ma. I always thought how he competed against ebay etc, and how did jack ma who was so poor, able to compete in the segment needing lots of upfront cost for marketing.
Jack Ma’s criticism of the Chinese government is perhaps the most intriguing part of this entire arc. Surely he must’ve known there’d be some severe if not dire consequences.
So either a) he is kinda that dumb, or b) that was his way of voluntarily stepping down from the company because he was done. I’d like to believe he knew what he was doing, but we may never know.
Yup, can’t bad mouth the Chinese government they’ll make you disappear and take everything you have
I lived in China for many years and I used Taobao all the time, it’s amazing, you can literally buy anything
Jack Ma has left Alibaba. He has gone to places far away from China.
Alibaba made us able to make money by security buying lots of goods from China and sell it on multiple e-commerce platforms specifically on Amazon. It created a fortune for us in last three years.
Thank you Jack Ma
Drop shipping skum
@@34口2fds蛋トマgs why
First you get money, then you get power, then you get corrupt, then you get fucked.
Wow! I was almost going to beg you to make a video about Jack Ma!🤛😂😂💖💖💖. Nice one John💯💖😍 thanks.
I love the rate at which you are uploading new content...
I see a MagnatesMedia video, I click
Keep up the good work
I watch every one of your videos :)
Wow, what a story! I hope he's okay. This is why government policy (and power dynamics in general) matters. Your life can be ruined in an instant. Thank you for another great video.
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Your videos are so well produced and the editing is *mwah* chefs kiss. ❤
First heard about Alibaba at an NHRA race. They had some top fuel dragsters.
I normally don't mention anything regarding intros, but that was super good. Hooked me in
First of all, i think you did a great coverage of Jack ma and his background, but there is something that you didnt know, or maybe didnt dig hard enough. Jack ma family is not as poor as u say, his father is the chairman of music & art association back in zhejiang china, even before that, he is a famous artist and calligrapher back in those days. Jack ma has access to computer & internet way ahead of many people at that era which give a huge head start before anyone else. Secondly, if you are talking about ANT group, what u cover is probably half of the story...the second half of the story is that he is trying to manipulate the market with just 3million RMB and leverage to a crazy amount of 1000X or even more...which will be jeopardizing china economy if anything goes wrong...Even he did not make the speech about chinese finanical oversight & making critical statement about the regulations, he will still be pegged down as he will create financial bubble and making new ways for foreign capitalism to come in and control chinese investor wealth...when that happens, chinese government will have a hard time to solve this problem. I am not a PRO-CCP but that the government is doing is to prevent capitalism taking over the country. To be honest, look at US government and congress, guns and fire arms banning movement has been said and even promote to a country level which wish to make it happen for a long time, but what they do not see is the wealth and profit that is linked to all the governors and senators. so you tell me if the chinese government has do anything to give a false accusation to their own countryman?
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Accurate
So basically Any got into trouble because it didn't have the right kind of people. Conflicts of interests basically.
No company or anyone should be more powerful than the government. But if you are, you keep your mouth shut and enjoy your wealth.
It’s insane how much you have posted all the content is great keep it up
>criticises regulators
>gets regulated
>regulators look very efficient when pissed
You are literally my favorite UA-cam channel
elon musk has always come across as really doche-yyy ...so really him thinking condescendingly of others really doesn't count all that much...
Great one. Thank you Magnates Media
I'm stuck. I so want your channel to blow up and be hugely successful but the selfish part of my brain loves that those of us here know a big secret and are part of it. Lol. I do tell people about your channel and how awesome it is.
Yeah. Don't want this channel to be Jake Tran 2.0.
I see what you doing with the frequent posting!👏👏🔥
I hope Jack is happy no matter where he is. Truly a gem ❤
It is said that Ma Yun is no longer in China. For some reasons, he left Alibaba, which he founded, and no longer made speeches in public. However, his previous speeches were still very popular and loved by people. Perhaps it is because of his advanced concept and perseverance. He loves environmental protection and cares about education, which I admire.
It is said that he is living in Spain so many years now. Rich and peaceful.
he is probably still in china ,if he was in another country he would have been active or has been spotted here and there,powerfull and leaders like him need a buzy life
@@fatisummer9106 nah, there are some news and photos of him in spain
He's been targeted by CCP as they didn't liked his speech that is against CCP's or Xi's empire
Holy crap...the beginning of this sounds exactly like my life...except I didn't get to enjoy the incredible turnaround resulting is massive success. Rather, the horrible luck and string of failures persisted despite anything I did to change it. Eventually I decided to stop trying to push so hard and instead relax and let the universe provide the pathway forward...
Worst decision I ever made because apparently, the path the universe had mapped out for me was horrific luck and an endless string of failures.
I know John never responds to comments, but seriously how many editors/researchers etc are on the team to create videos this fast? Its pretty mind blowing. This would take a single person 2 months to make
If you really wanted to you coukd do this video in under 2 weeks
@@stereo-soulsoundsystem5070 but if you really REALLY wanted to, you could do this video in under 1 week
@@patrickmccullough3147 This is true. I also don't want to shit on Magnates, his videos are great. Its just peculiar most of his comments are praising the video almoat identically and not discussing the subject material of the video all the time
@@stereo-soulsoundsystem5070 you actually bring up a good point, and I think that may be a downside to this editing style. It’s very high level and looks amazing, but it’s also mesmerizing in a way where it can detract from the story of the video IMO. I’ve noticed mostly comments about the presentation as well
@@dna8269 Honestly scrolled down for comments about the video as I find what happened to Ma really fascinating and wanted to hear what others thought, but I only found comments about the video editing and timely uploads
Very interesting
Great and thorough job
I’ve subscribed
Can’t wait to watch more
The next Jack Ma is Changpeng Zhao (CZ), Founder and CEO of Binance.
No he got smited by the US government
I’m so happy your posting more often
i keep thinking these are jake tran videos and almost didn’t click😅
why ? what happened with jake tran?
@@sonofage he is taking sponsorships from sketchy/ scam companies. even companies the same industry that he is exposing. he is also offloading most of his work to presumably 5iver guys
I commend the Chinese government for its proactive and resolute steps in addressing monopolistic tendencies within certain companies, notably acknowledging the exponential growth and potential risks posed by an entity like Alibaba, which has expanded to a scale where its dominance in the market could pose significant challenges and potential hazards to fair competition and consumer welfare.
Not only that, lucky they didn't catch it too late before a portion of it's entire country's infrastructure could have turn over to some unknown foreign investor/entities if a miscalculation were made once the Ant group was form. That is too much power for one company running so many things that a country rely on for it's economic. It was a very close call.
What's REALLY ironic is that in the Win98 era, Bill Gates called the Internet a "passing fad" and LITERALLY dismissed it entirely... LOL
You don't know what you're talking about. Xi cancelled the ANT ipo personally because his political rival zhang ze min's people are big investors in Ant, and they stood to make billions, and xi wanted to crush them
Over-use of stock footage is an endemic problem in the You Tube world.
I like your impartiality throughout your mini movies. Dope work dawg
This man gives me hope. I fail at every job, I’m antisocial, I hate going to school, I’ll never become a housewife, don’t want kids, I want to stay single, have zero hobbies and when I get one I’m bored after a couple of weeks. Making money being creative is a hobby, so hopefully I’ll succeed in being a creative entrepreneur one day.
Jack can teach us the most valuable lesson. Sometimes you gotta just stfu and grab the bag lmao
Interesting. What an incredible idea so brilliant and inspirational..
I love how consistence you are with your uploads. You not compromising on the quality. Credit for you John
The story of Jack is jhus insane. It's full inspiration showing that with commitment and not giving up that you can reach your ambitious it's the true definition that failure is apart of success.
And also crazy how he disappeared he from the face of planet.
Thanks for this great and intresting video
I used to work as CS for Lazada.. Ali's sub company. There was Taobao and Tmall integration in certain part of the app, and it was hectic to even understand as those two don't offer Eng as a language haha
two of my friends used to work at Lazada too. one was in the IT support (i can't remember what it's called) and she quit within 2-3 months due to how shit the working conditions was for lazada employees. the other one was in marketing and she split too. she told me that her team was celebrating reaching a sales target or more but got called by china side to stop the celebration because it was "just their jobs" to reach the goal.
Also, in China, for those reading, the CCP gov has their hands in everything, Jack Ma isn't the only billionaire to be under the CCP snare. there are countless others, anyone that can reach a certain stratosphere of the CCP gets their head chop off, or they just "disappear" but for jack ma, suddenly into philanthropy? yeah right.
that's why the CCP member's children go overseas, live a lavish lifestyle and treat their money like it would be gone tomorrow. you never know when the CCP decides that it's over for you.
I couldn't find a job for awhile either. It was just ridiculous. Put in applications and never got a call back. Even places that had open interviews. It's kind of bad to say but Covid really helped me, it wasn't until Covid hit I was able to get a job. This was only McDonald's but it was a start. I was able to get hired at Walmart and moved up to team lead, making pretty good money for someone with no real credentials.
My dad will bring up how Covid really helped me, without it I'd probably still be stuck being rejected by every employer. It has a horrible effect on your psychology. The worse I felt, the harder it was to accomplish anything.
Sounds like muh dating life except for the succes part. Reeeeeee
Netflix needs to make a documentary out of this stuff
Jacka Ma is a genius businessman and unfortunately the victim of dirty politics.
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Great content and your videos are great 👍🏻 Keep up the good work! The voiceover is great, no need to change it.
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He's not crazy, that crazy interview was just him not taking the interview seriously. You can find older interviews of him where he is remarkably insightful
You have the most bizarre narration style i have ever come across.
And there's some people who look to China as a beacon of hope that the United States should emulate.
Jack Ma was right about the banking sector and now Li Ka-Shing's decision to divest from his mainland Chinese business operations, specifically his Chinese banking equity, will put Li Ka-Shing on the right side of investment history because China is becoming too difficult to make money in across many industries. I respect the Shrewd, frugal decision by Li Ka-Shing and blimming bold stance of Jack Ma in the face of the CCP's communism. Brilliant, up-to-date reporting!!!
He seems like an ok guy, kind of sweet. I'm glad he wasn't disappeared entirely, but too many people would be asking too many questions all over the world. Too bad alibaba is full of scams.
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Channel Is Growing Exponentially! THANKS FOR YOUR QUALITY VIDEOS!
Terrific content. However, no mention of Aliexpress? That's strange
Thumbnail looks like a Jake Tran video. Please don't go down that path
Jake Tran's got nothing on this channel..
Imagine you saw your old English teacher as one of the richest men in the world
I Think he deserve atleast 1mil sub❤😊
The Chinese people should put Jack Ma as their new leader. It will bring China into a new prosperity era.
Bigger question... What did Yahoo do with all the money they made from that investment? Besides throw it all down the drain on useless pages that they end up closing
Magnate I love you. You're really an inspiration, and maybe one day you'll make a movie on my success story- thanks for the hard work you put in to your work. Pls neva stop.
the ending of this video is very powerful
*The best decision I ever made in my life was investing in the crypto market. Trust me guys, it really pays a lot! 😊*
_Trading in forex / crypto requires an expert, account analysts or you gonna win today and blow off your entire account the next day*_
I invested $2000 with tracy and I made huge profit of $6800 and I reinvest more after than
Wow, i'm shocked you mentioned Tracy Joyce, she is also my current broker and she earns a lot for me weekly
Can you help me with a way to get in touch with this Tracy Joyce?
I'm from Brazil, I and two other of my friends tried her, immediately we testified , she's performing wonders.
Jack Ma learned to love Big Brother.
Thank you for the upload
Mob love from Kenya
Watching this and got an ad about alibaba. Smooth
Funny thing is, I got like 2 alibaba ads while watching this lol
That creepy smile of Xi was really suited the tone 😬😬
11:00 Jack English is quite good, as an English native speaker learning Spanish as a second language, It stuck me as clear for me get the idea of what he was saying.
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In my mind, II'm just in the failures chapter of the MagnatesMedia video that will be made about me, the story of Jack is really aspiring, thanks MagnatesMedia for making me strive for something greater.
Thank you for another video
Imagine sounding dumb next to Elon "A million people on Mars in 2050" Musk. :D
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Taobao is dominated by businesses nowadays. The main difference between tmall and taobao nowadays is that tmall has an official office or shop address, whereas taobao does not require that of sellers. However, taobao seemed to have acquired 闲鱼， which is a lot more like that taobao used to be, ie b2b. 闲鱼 doesn't even have cart functions, so a buyer can only message the seller individually to specify what he wants to buy.
14:49 That's archicad, a Hundarian BIM software. Weird showing it when you're talking about how Jack Ma created a truly Chinese site to fight ebay
Life is about falling - Living is about getting back up
noway Jack believes in the internet more the Gates did lmaooooo