2.0  TASK 1 (B)

 As we know that Jack Ma, chinese name also known as Ma Yun is the author for the E-trade mammoth Alibaba and associate for Alipay which is his sister’s company. He is definitely a wealthy man in China. Jack Ma is the person that made billionaires by self-effacing.  Jack Ma was conceived in 1964 in Hangzhou, he was brought up by an elder brother and a younger sister. All throughout Jack Ma's life, he has failed many times from his childhood until he became the author for the global electronic commerce. (investopedia.com)

1.    Failure is an option

The meaning of failure is an option is that someone successful needs to face several failures before they reach to the top in their business. So, as an entrepreneur, one should not fear to face failure in order to solve the problem. (Hijrah menjadi Usahawan, 2011) When Jack Ma is young he has learned more failure in the reality rather than in the education. During the primary school exam he had failed not once rather twice. Besides that, in the middle school exam he failed again. After finish the high school it was the time for everyone to go for universities  (businessinsider.com). Jack also have applied to Harvard University ten times about being conceded and got dismissed every time. He just think the failure he had faced as a training. After spending three years to get into a University, Jack failed to get a job after applying to them 30 times.  When he recollected he knew that he was the only one of 24 applicants to be a KFC manager to be rejected and the only one out of 5 applicants to the police force to be rejected. Likewise, this didn't stop him in any capacity of imagining greater. (businessinsider.com) In the late 1990s after starting Alibaba, Ma tried to get deal of a capital funding in Silicon Valley for Alibaba but got rejected for running an unprofitable business model.  (businessinsider.com)

2. Visionary

Besides that, Jack Ma also have visionary in his entrepreneurial along his business.  Vision is vital in itself a sucessful entrepreneur. This is on the grounds that the vision is a component or highlight is essential for business people to keep on achieving the objectives of an association or an organization. (Hijrah menjadi Usahawan, 2011) Vision implies having idea on something like advance or improvements in future (Kamus Dewan Fourth Edition). This will guarantee the organization's position to work easily and exertion.  After at last dealing with the majority of his rejections and failures, Jack Ma visited US in 1995, for a Government undertaking venture identified with the working of roadways. It was then that Jack Ma was first introduced to the Internet and Computers. Computers were quite uncommon in China then, given the high costs associated with them and Internet or E-mails were non-existent. The first word he searched on the Mosaic browser was ‘Beer’, and it popped out results from different countries, but signs of China anywhere. He then searched ‘China’ and not a single result popped out! He decided it was time for China and its people to get on the Internet.  (investopedia.com) In 1999, in the wake of leaving the administration work, Ma took a second bite at internet-based business ventures by grouping 18 people (including himself and his wife) at his home and sold them a dream to found Alibaba with the goal of facilitating international trade for small and medium ventures based in China. (businessinsider.com)

3.     Team Oriented

When starting his business Jack Ma and his 17 of his other friends to invest and join him in his new e-commerce start up that was Alibaba.  Apart from that, we know that Jack Ma has team oriented in his entrepreneurial.  Team oriented is group that gathering of individuals sorted out to cooperate or participated keeping in mind the end goal to accomplish something together.  While group situated is known as colleague, cooperation and group educating. The most vital is the group must comprise of gathering of individuals who had similar objectives and set out to go out on a limb by cooperating to accomplish objectives. (Hijrah menjadi Usahawan, 2011) In the early stages of the Alibaba, Ma tried to raise funds in Silicon Valley, the tech hub in the United States and was met with resistance, and his business model was criticized to be unprofitable and unsustainable by many at the time. (investopedia.com) In 2003, still unprofitable with Alibaba, Ma and his team lunched an online auction site named “Taobao.com", charging zero commission, and went up against a multinational e-business monster, eBay, which as of now had the lion share of the Chinese online closeout advertise.  In 2014, Ma and his team successfully raised in excess of USD 20 Billion for Alibaba by listing it in the NYSE stock exchange in the United States. (businessinsider.com)

4.     Networked

                     A networked entrepreneurs must have a system and learning in the utilization of internal and external networks to extend their business.  Entrepreneur who got the data from internal and external networks will have the capacity to deliver an assortment of imaginative thoughts to market and create better items for impaired clients. (usahawan cemerlang,2007) Jack Ma runs one of the biggest E-commerce networks in the world and he set up his business against eBay, Taobao remained a without commission commercial center for a great many online brokers, and that put Alibaba under critical budgetary strain. (investopedia.com) To remain above water while keeping up the stage's sans bonus approach, Ma and his team began offering peripheral value-added support services like custom webpages to online merchants for small fees. Ma and his team won the Chinese market in less than five years, and eBay subsequently withdrew from China. Jack Mack reflected on this challenging period on a YouTube video of his interview with Charlie Rose, stating “If eBay are the sharks in the Ocean, We (Alibaba and Taobao) are the crocodiles in the Yangtze River.” Since then, Alibaba has created many subsidiaries through organic growth (such as Tmall and AliExpress) and acquisitions. (investopedia.com) Building trust among the people of China that an online system of payment and package transfers is safe was the biggest challenge Jack Ma and Alibaba faced, a challenge that Jack will cherish for his lifetime (investopedia.com).                 

  5. Risk Taker

As indicated by the Business Dictionary, a risk taker is characterized as an individual or business that has a tendency to carry on in a way that can possibly bring about physical outrage or budgetary misfortune, however may likewise display an open door for a compensating result.  (businessstationary.com)  Jack Ma’s risk-taking is shown when he decided to challenge eBay, although Taobao is still new in the market for e-commerce.  There is most likely China has a bigger populace on the planet and more than 200 million Internet clients and in addition high development in e-business showcase. This drove eBay get into e-business showcase in China by putting US$ 30 million in EachNet in the year 2002 after it fizzled and hauled out from the Japan. In spite of the fact that eBay is a worldwide organization, however Taobao, which was set up by Alibaba in 2003 still figured out how to win eBay in e-business advertise in China. (investopedia.com) Taking everything into account, Jack Ma is an open daring individual as he is sufficiently challenging to challenge eBay and business as usual. On May 2013, Jack Ma has staggered the group by making a declaration to leave as CEO. Albeit no more drawn out as CEO of Alibaba, yet he is still in power in the organization.（succesfulstory.com）

Conclusion, Jack Ma have the characteristics of entrepreneur that is failure as an option, visionary, networked, team oriented and risk taker. From the text, we know that he is a persistent person no matter what obstacles or challenge he confronted he will deal it optimistically.  As we know if we want to become a successful entrepreneur must have the nine characteristics that have been list out in the text.