{"id":2002,"date":"2014-09-20T13:44:13","date_gmt":"2014-09-20T13:44:13","guid":{"rendered":"http:\/\/newsroom247.com.ng\/?p=2002"},"modified":"2014-09-20T13:44:13","modified_gmt":"2014-09-20T13:44:13","slug":"alibaba-owner-once-a-failed-student-now-worth-140-billion","status":"publish","type":"post","link":"http:\/\/newsroom247.com.ng\/?p=2002","title":{"rendered":"Alibaba Owner, once a failed student, now worth \u00a3140 billion"},"content":{"rendered":"<p><a href=\"http:\/\/newsroom247.com.ng\/wp-content\/uploads\/2014\/09\/alibaba1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2003\" alt=\"alibaba\" src=\"http:\/\/newsroom247.com.ng\/wp-content\/uploads\/2014\/09\/alibaba1.jpg\" width=\"284\" height=\"177\" srcset=\"http:\/\/newsroom247.com.ng\/wp-content\/uploads\/2014\/09\/alibaba1.jpg 284w, http:\/\/newsroom247.com.ng\/wp-content\/uploads\/2014\/09\/alibaba1-128x80.jpg 128w\" sizes=\"auto, (max-width: 284px) 100vw, 284px\" \/><\/a><\/p>\n<p>Online retail giant Alibaba, owned by Jack Ma swell, has been valued at \u00a3140billion, more than Walt Disney and Coca-Cola, Ebay, Amazon, after the biggest stock market flotation in US history.<\/p>\n<p>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 \u00a310 a month.<\/p>\n<p>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.<\/p>\n<p>Alibaba now accounts for more than 80% of internet retail sales in China, and handles more transactions than eBay and Amazon combined.<\/p>\n<p>The successful share sale saw the fortune of founder Jack Ma swell to \u00a311billion, confirming him as China\u2019s richest man.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Online retail giant Alibaba, owned by Jack Ma swell, has been valued at \u00a3140billion, more than Walt Disney and Coca-Cola, Ebay, Amazon, after the biggest stock market flotation in US history. 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 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2003,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"ngg_post_thumbnail":0,"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false},"categories":[1],"tags":[],"class_list":["post-2002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"jetpack_featured_media_url":"http:\/\/newsroom247.com.ng\/wp-content\/uploads\/2014\/09\/alibaba1.jpg","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4oswh-wi","_links":{"self":[{"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/2002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2002"}],"version-history":[{"count":1,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/2002\/revisions"}],"predecessor-version":[{"id":2004,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/2002\/revisions\/2004"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/media\/2003"}],"wp:attachment":[{"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2002"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}